There are a number of questions that people consider when they bet on the football. Punters consider whether they can make a profit. In order to make a profit they might need to implement a strategy and look at the football stats from a variety of sources. We take a look at all of these elements below in our guide to what a fan / punter needs to think about when betting on the football. Much of what is written below can be transferred to other sports.
Do People Win Real Money When Betting on Football?
Winning real money from betting on the football is what many would consider to be the most important factor. In fact, unless you are having a recreational bet, you want to be making a profit, if not you are wasting your time and money. Even those having a recreational bet want to win a small amount.
Accumulators can be a quick way to make a few bucks, placing several bets in one combined bet makes an accumulator. The combined odds are huge and if they all come in you stand to make a large some of money. The more legs (or singles) in your bet the harder it is for them all to win. But when they do you win big time. Bookies have several offers available to help us who like to place acca’s – insurance and bonuses are available.
Some use matched betting as a way to increase their bank balance. The amount you can make is significantly higher than most other ways to generate an income from home, and some even treat it as a second job or even a primary source of income. Bookmakers give away huge cash sums in the way of free bets and bonuses as a way to attract new customers and to keep them betting. Some capitalise on these offers by placing the required bets and cashing out the bonuses.
A number of people do make a profit in the long term by using a variety of strategies and techniques. In order to consistently beat the market punters use the systematic application of strategies and algorithms.
Time is frequently the variable for any investment. The best results coming to those who are patient enough to see the results appear. Just the same is true of football betting.
Professional football bettors who rely on data, statistical analysis and, more recently, on machine learning to decide where and when to bet have be shown by third parties to make a profit.
So, Can football betting be profitable?
Yes, football betting can be profitable. In the short term you might make a quick profit by an accumulator coming in or an outsider winning the match but generally most people don’t become rich overnight through football betting.
If you want to profit from football betting you need to find value bets. These can be hard to find and explore. A value bet is an event that is being mis-priced by the sportsbook.
Another way is to find markets that allow you to make a profit from betting on the favourites, other than backing the favourite to win. You need delve deeper into the football betting markets to find something that has fairly good odds as well as few outcomes, so that it is quite easy to guess like the outright winner market.
The under/over market is a great choice. What is the Over/Under market? A market where you bet on whether there will be over or under x amount of goals in the match. There are a whole host of markets included in this category – Over/Under 1.5 goals, Over/Under 2.5 goals, Over/Under 3.5 goals etc. This is a great market as their are only 2 outcomes, giving you an advantage over the match winner market, where their are three outcomes (W,D,L).
Over/Under 2.5 goals is a good one to go for. Now there can’t be 0.5 of a goal in a match can there. The number 2.5 is set so you can have goals falling either side of the number. E.g 2 goals or 3 goals. There are often 2 goals scored in a match, but there are also often 3 goals scored in a match.
The odds are generally good, Either one would bring in a reasonable profit. The great thing is that the bet can only go either way, so you have a good chance of winning whichever you pick. To add to this, when picking a bet of this type you also have the advantage of using the stats to help you decide which one to pick, so you have a greater than 50% chance of winning.
This is a great strategy to implement. we will be looking at other great strategies for football betting in a later post.
What stats to look at when betting on football
There are a number of online sites including sportsbooks where you can access football stats both pre-match and in-play that will help you make an informed decision about your pre-match and in-play bets.
Stats are available on specialist sites, bbc sport or we have found the best source of stats is bookmakers such as bet365. If you use the bookmakers stats you can access them as you are placing your bets and you can use their incredible in-play stats if you are going to place an in-play bet. We are going to look at stats i more detail in our next post.
In summary we have looked at what to consider when betting on football. We hope you have learned something from this post. If yu are looking to bet on the football with a mobile device take a look at our homepage and find the best football betting app.