Football is the most gambled-on sport in the world, with over $500 billion wagered on it each year across the globe.
With so much money bet on soccer matches every day and so much information available to punters through the internet, you would think it would be easy to make money from the game.
Unfortunately though, there are very few people out there who actually make a profit from betting on the beautiful game. Studies suggest 98% of gamblers lose money.
The markets are remarkably efficient at predicting the outcome of games and any time an opportunity presents itself to make money, it is normally exploited and then closed off quickly as the markets catch up.
However, there are some ways to make money from betting on football – some of which are actually risk-free.
Below we have a look at the top five ways, which have all been proven under live trials we have run here on the site.
5. Follow Top Traders
One of the best ways to make money from betting on football is to follow professional traders. You can do so via a top site like Goal Profits, which gives you the option to follow along with their pro traders in a live chat room. In there they post the games they will be trading, which strategies they will be using and their moves in-play.
Their pro traders Kevin and Steve have been operating very successfully for a number of years now and have a large online community following them. They specialise in various strategies involving the correct score, over/under and the half-time markets.
You can also use the Goal Profits platform to develop your own strategies using their huge database of over 200,000 matches which provides a treasure trove of information to assist with your betting. They also have a feature that allows you to see league tables based on a range of factors such as how teams fare when going 1-0 down in games and so on.
With a live stats module and plenty more besides, Goal Profits is a complete trading platform and is a very good starting point if you’re wanting to improve your trading, either following along with their pro traders or ploughing your own furrow.
4. Bet on the Draw
An often overlooked strategy in football betting is to bet on the draw. The fact is that most punters want to bet on one side or the other to win a game of football whilst few will consider backing the draw. Bookies report that they take a lot less money from punters on the draw than on the two other match outcomes.
That means that quite often, the price of the draw can be inflated compared to what it should be. This does not mean of course that you can just go blindly backing the draw in all games and hope to make a profit. The bookies over-round, or exchange commission, would mean you would still make a loss in the long run from doing so.
The key is to find those particular matches where the backing the draw represents value. You should focus on leagues and teams that have a high propensity for draws. Low-scoring leagues and teams are more likely to draw games for example. And some teams just have a penchant for drawing lots of games.
One expert who has focused solely on betting on the draw and profiting very handsomely from it is a chap called JK Diego. He spent a great deal of time studying which factors were most likely to lead to a draw and was able to identify eight factors.
From there he built a draw betting strategy that has proved remarkably effective, making him over $100,000 and performing very well in our own review of the service, when it produced over 100 points profit (or $10,000 profit to $100 flat stakes).
So it can pay to go against what most other punters are doing and bet on the draw in the right circumstances in football.
3. Use a Top Tipster to Make a Tax-Free Second Income
To become a profitable football bettor takes a great deal of work. You have to study the form and stats, check team news, look at the head to head records of the two teams, check their home and way form, and so on.
All that research can take hours and for most people these days with busy lives, it is difficult to find the time to do all of that.
Plus you can put in all those hours of effort and still not make money at the end of the day!
So using a really good tipster can solve all these problems at once.
They put in the hours so that you don’t have to. They will slave away studying the form and stats and finding those top value bets.
And if you can see that they have good long-term record of making profit, then there is a good chance you can make money by following them.
Some of the best tipsters make hundreds of thousands of pounds per year, so by following their tips you can cash in on their expertise and make some serious profits for yourself.
Here we have a look at three of the top football tipsters we have discovered through our research:-
- Bookie Insiders Football – having been going since 2013, they have a well-earned reputation as one of the most respected footy tipsters out there. They bet on the big five European leagues as well as the Champions League, Europa League and international tournaments. Looking at a range of factors such as expected goals, team news, form etc they have consistently managed to find an edge over the bookies. With a profit of over 400 points made in total and an excellent £2053 profit during our own trial, Bookie Insiders Football is one of the top football tipsters out there.
- One football tipping service we have been following for a long time is Banker Bets, having proofed their tips for over five years now. In that time they have made an excellent 140% profit, establishing a very consistent record of success in that time. That profit has been achieved with a phenomenal strike rate of over 85%, meaning the vast majority of your bets will be winners and there have been long winning streaks of over 20 bets at times! In recent times they have spread out to other markets beyond just the match odds market and now look at the draw no bet, double chance and Asian handicap markets too.
- Another long-running and successful football tipster is Winning Footy Tips. Based at the Bets for Today website, they have amassed over 190 points profit since starting tipping in 2012. That would equate to over £9,500 at £50/point stakes and has been achieved with a return on investment of over 10%. The focus primarily on the big five European leagues and most bets are in the match odds market, but also some in the HT/FT and other specialist markets. A very consistent service that has proven itself over the long-term.
Following tipsters like these can help you make a profit from your football betting, as you allow them to put in all the hard work and research whilst all you need to do is follow the tips!
2. Go Against the Crowd to Profit from Soccer
The alternative to following pro traders or footy tipsters is of course to develop your own football betting strategies.
Although much harder to do, it can really pay off in the long run and mean you aren’t reliant on anyone else for your nice second income.
If you are thinking about developing your own system or strategy, we recommend you think about going “against the crowd” so to speak.
This means not just following what everyone else is doing and the so-called “obvious” picks, but going for things that are out of the ordinary. Nick Mordin articulated the approach very well in his book “Against the Crowd,” that is written for horse racing but could really apply to any sport.
Essentially there is a kind of “herd instinct” that operates a lot of the time in football betting, when people plump for the same old “bankers” on their footy coupon. But to really make money, it can pay to oppose the big-name teams and go for the less-fancied, but often better, teams.
Most famously of course this manifested itself in the 2015-16 Premiership season in which against all the odds, Leicester City won the title. Now of course very few people would have predicted that at the start of the season, but even mid-way through the season you could still get good odds on Leicester in their matches, especially against the big teams, even though their form was superb and many of the big names – like Chelsea, Man Utd and Arsenal – were struggling.
Equally, it can pay to go against the big name teams when they are out of form. Man Utd in the post-Alex Ferguson era were consistently poor value to back (and good value to oppose) mainly just because they were Man Utd, even though the squad they had was just a shadow of their former teams.
The same could be said of clubs in Europe likes Barcelona and Real Madrid who are pale imitations of their former selves and are often wrongly priced, just because they are famous names that most mug punters assume will do well.
Perhaps you have other ideas about how to develop a winning football strategy. Whatever your ideas, it is probably best to look at things from a different perspective from the mass of punters and to develop your own niche.
And of course, testing a system or “paper trading” is probably the best way to see if it works before diving straight in with your own money.
1.Use a Matched Betting Product and Take the Bookies to the Cleaners
The best – and most surefire – way to make money from gambling on football is to use a matched betting product like Profit Maximiser.
What this does is bring together all the bookies’ ongoing free bets and bonuses and shows you how to set them up to make money whatever happens.
There are literally dozens of these offers every month and some people have made a full-time living from matched betting, making over £20,000 per year.
The great thing about these offers is that the bookies are desperate for our business these days and are competing in a very crowded marketplace, so have to keep offering these incentives to keep us betting.
But rather than getting sucked in and end up losing money, you can be a “shrewdie” and take advantage of these offers to make yourself some risk-free cash week after week.
We have trialed this ourselves during a three month live trial and did very well, making over £2,000 profit.
So for the best way to profit from football, we recommend getting stuck in to Profit Maximiser. Please note however that matched betting only works in counties that allow free bets such as the UK and Ireland.
However, if it is an option in your territory then you can use all the cash you make from match betting for other types of betting – or just pocket it and spend it on the finer things in life!
Making money from football can be difficult and the vast majority of punters lose money. To give yourself an edge and a chance of making money, we recommend three options: use a matched betting product like Profit Maximiser, a top football tipster, or spend some time developing and testing your own systems.
You can even try some free football tips if you are short of a few bob to pay for a subscription.
If you have any other ideas on how to make money from betting on football, please drop us a line below!