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Make Money from Sports Betting

Even if gambling is, first of all, a form of entertainment, let's be serious, most of those who start betting or gambling do it in the hope of getting rich overnight or for some extra money. No one's scope is to lose, that's clear. On the other hand, there are people who gamble only for fun, but they are very few. If you don't care if you lose or win and don't want to become a successful gambler in the future then you do not have to read on. But if you are one of those many people who really want to make money from sports bets, then listen carefully! There are no get rich quick schemes or fixed matches tips sold on Facebook! First, there is no get rich quick scheme that you can pick from any forum or site. Whoever claims that is clearly lying. If there had been such a scheme, then it would have already become famous among gamblers. Besides, bookmakers would have denied it because it would have wrecked their business. There are no such things as "safe picks" - you know, those picks sold on the internet or on social networks for 10, 50 or 500 dollars. These are just SCAMS backed up by fake pictures or even videos to make them more credible, so it's understandable why some beginners often fall for them. It's sad that mature people who have gambled for years are still tricked by Facebook's "King of Bets", who have "safe picks" but not a penny in their pocket.

You can be one of the "lucky ones”! Or maybe not!

There are two ways to get rich from bets, or at least to make an extra penny. The first is to place huge bets and hope you will get lucky. After all, you get to see fabulous winning odds daily. We have a section like that on our site. We post such bets because they are spectacular and worth showing, but we have never claimed and will not claim that they are the key to success. Of course, some lucky ones happen to win, but for every 10 winning bets, there may be other 5,000 that did not win.

Good odds, LIVE bets on your phone, rich offer

Lotto winners hit the headlines once in a while, and certainly, such cases deserve to be in the news. But the chances of you being the next millionaire are about 1 to 14 million. Betting is just the same thing. An accumulator bet poses many challenges, from having to get all the tips to the fact that the value in such a bet is extremely low due to the payout, which for a 10 - 20 match accumulator may reach up to 25% of the real bet value. Get to work! Are there people who live on sports betting? The answer is YES, such people exist, and for many of them, this has turned into a daily job. But the number of such people is very small. The difference is this: if you want to win an amazing bet you need luck, to become a professional punter depends entirely on you.But it is not easy and it is not for anyone. A professional regards sports bets as a broker looks at the stock market, and in many ways these two environments are similar. However, it takes a lot of work, documentation, and patience to reach this level, and there is no guarantee that you will be profitable in the long run. But you will surely increase your chances.And here's the trick. Even if you fail to turn into a professional punter to live out of this, sticking to a clear plan will at least help you bet in an organised and responsible way. So money will not slip through your fingers anymore, the risks of becoming a betting addict will drop considerably, you will get more winning bets and all of this will bring long-term gains higher than before and will increase your chances of winning money instead of losing it.

HOW TO BECOME A GOOD PUNTER

Well, you got the idea, you have to bet like the pros, but how do they bet? Do they use a crystal ball looking for tips? Not really, but most of them have a common way to bet. We will not talk in detail about what to do, because it would mean writing a book. But we will briefly tell you about the basis of a correct way to bet.

1. Proper money management

Proper money management, what is it? First, you must have a betting budget for a week or a month. It must be a sum that you can afford to lose and which you should not exceed regardless of the situation. Then you need to know how much you bet and when. That means having a money management system. It can be an elementary one (you bet 5% of the bankroll and stick to this golden rule) or a more complex one.For example, a system based on a strategy such as Kelly, Martingale, or Fibonacci (although only Kelly is recommended in the long run) or one where you bet between 2% and 10% depending on your confidence in the tip. It's not a problem if your money management system is a primitive one, it is important that it is in place. If you stick to this system, you will not be doing all the stupid things like playing all-in when you think you've got a safe bet or increasing the stake to win your previously lost money quickly.

2. How are you going to bet?

Do you want to bet like a professional? Then start reading articles and tutorials. Will you place live bets or just rely on pre-match bets? Or do you want to both? Every bet has advantages and disadvantages. Professional punters only place single bets. Will you do that, or do you prefer multiple bets? We explained above why many matches are not a practical solution in the long run. Want to use a betting strategy? Very well, you need to find a strategy that suits you best.

3. How to choose your bets

Having a budget and a betting plan you will know at any time how much you bet. Then you have to choose the most suitable bets. Here are 3 basic steps to follow:
  • The first step is to focus on a particular sport and certain competitions and to have an analysis plan tailored to that situation.
  • The second step is to analyse the matches you are interested in, to choose predictions that you think will turn out as expected, and to make a realistic calculation of the chance that the prediction will be a winning one (not counting odds, not at this step anyway)
  • Then compare the odds offered by the bookmaker for that bet to the probability found by you that the bet will be a winning one, and only place those bets that you think are worthwhile from this point of view. Or in other words, place only value bets.

4. Stick to a set of rules and avoid the most common mistakes

It sounds nice: money management, value bets, correct match analysis, etc. But it's worth nothing if after 3 losing bets you get angry and start betting mindlessly. Many punters lose their bets because they make many foolish mistakes, or because they are unable to follow a set of rules. The most important rules to follow and mistakes to avoid are:
  • Stick to money management rules no matter what
  • Do not bet more than you can afford to lose
  • Have a realistic goal
  • Never increase stakes
  • Focus on single bets
  • Bet only at the best online bookmakers
  • Do not exaggerate! Addiction to gambling is a disease!
  • Do not bet on predictions taken from different sites without analysing them first.
  • Do not buy tips from unreliable sites!
  • You can get inspired by our betting tips provided by ExtraTips specialists, but you bet at your own responsibility.

5. Learn from mistakes

Inevitably you will make mistakes, but it is important to analyse your bets and your way of betting and acting in difficult moments, to detect errors and fix them. Because otherwise you will always stay at the same level and will not be able to progress as a punter. You can even keep a betting log because it will be easier for you to keep stats of your bets.

In a nutshell - steps to make money from sports betting:

 Study - Learn - Analyse - Stick to the basic rules - Learn from mistakes. That's how money is made from sports betting in the long run. It does not sound very fun, we know you would have preferred some magic tricks or safe bets, but unfortunately, they do not really exist. Or you will not have access to them too soon anyway. If you do not believe us then ignore the tips in this article and tell us in a year if you've got the "safe" tips on Facebook to buy your dream car or some crystal palace. The sad truth is that 93% of the punters who bet constantly have a negative balance at the end of a calendar year, do you think you have what it takes to be one of the 7%?

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Totals Betting

Totals betting, also known as over/under betting, is a type of wager available on almost any professional sport played worldwide – football, basketball, tennis, baseball, and hockey, to mention a few. As the name suggests, punters bet on the total number of something happening in a sporting event. Precisely, this consists of the number of goals in football, games or sets in tennis, points in basketball, runs in baseball, and it can be other things as well. This total number is going to be completely independent of the outcome of the contest. It does not matter who wins the game, but instead, how many points, runs, or goals have both teams combined. Totals betting is more commonly referred to as an Over/Under bet. The name of this type of wager is interchangeable, and bookmakers use both of them. Totals bets are one of the simplest and most popular bets to place. Bookmakers usually set the bets on football totals at Over/Under 2.5 goals. If you think a game is going to be low-scoring or high-scoring, you have the opportunity to bet on Over/Under 1.5 goals or Over/Under 3.5 goals. The totals bet is arguably one of the most straightforward bets to make in all sports. The winner and loser of the match don’t matter when you place this kind of wager. The only thing that matters with this kind of bet is to estimate the total score of a sporting event. Totals bets are a great way to diversify your sports betting picks and make a profit in the process. Totals bets are entertaining when you love or hate both teams playing. If you are a fan of both teams and want to cheer for both to do well, you can logically do this with an over bet. When you bet the score over, you don’t care which team scores as long as they do a lot of it. There are times you’re watching games just for the beauty of the game, and you are not rooting for either team to win. If you’re looking for a fun way to bet on the match but don’t want to cheer for either team, then you can choose the under option. To demonstrate how the totals betting strategy works, let’s consider a Bundesliga clash between German giants Bayern Munich and Borussia Dortmund. Both clubs are strong in attack, and their games often end up with four or more goals, so a bet for over 3.5 goals could be a safe option with reasonably high odds. Over/Under means you bet on whether the combined score will add up to more or less than the projected total number set by the bookmakers.Advantages of Totals Betting Totals bets have, for sure, plenty of advantages. We mention a few of them as follows: This wager is great for casual bettors and beginners because it is simple to understand how it works. You do not have to predict the winner of the game. For example, in football, you just have to bet on the total number of goals scored by the two teams involved in the match, whether it’s per quarter, half, or game. There is a 50/50 chance of winning with this type of bet. Tips for Totals Betting Don’t let the simplicity of betting on football totals fool you. There’s always the risk of losing money when betting on sports. Take into consideration the following factors before betting on totals: Analise the matchups - examine the teams playing and consider their strengths and weaknesses. Also, take into account how many goals each team score per match. Venue - most of the teams play well at home and score more. In football, the home field has a significant impact on the majority of the clubs. Past matchups – look at the previous meetings between the two teams to help you predict the possible outcome. Over/Under record – examine the teams’ Over/Under record in the current season, at home and away, and against each other. Weather forecasts – the weather plays a crucial role during football matches. If the game takes place in inclement weather, like rain or snow, it will limit the players’ ability to move the ball. In conclusion, totals bets are not difficult to understand and allow you to support both teams involved in the game. Even though you are a beginner or an experienced punter, we hope our tips will help you profit from totals betting.

Betting on football leagues and competitions

Football is one of the most popular forms of sports betting in the whole world, and fanatics of the beautiful game can place wagers on many leagues and competitions. Hundreds of football matches and a whole host of betting markets are available to bet on every day. Domestic leagues offer a wide selection of bets, and as a huge plus, there are international tournaments like the Champions League, Europa League, and many pre-season competitions. In addition, there are regular tournaments for national teams, such as Nations League and the World Cup. Here at ExtraTips.com, we cover everything from the strongest European leagues and cups, such as Premier League, Bundesliga, Serie A, La Liga, Ligue 1, to lower divisions around the world. Whether you bet on the top football division in England, Germany, Italy, Spain, France, or any other country, you need to take into account the following factors: 1. Know the football league or competition Study the football league or competition you choose to specialise in when betting. The biggest mistake you can make as a punter is beginning betting without the necessary information on the division or tournament you want to place wagers. For example, 20 teams compete against each other in the Premier League following the usual double round-robin format over a 38-game season, playing each other once at home and once away. If you are going to bet on the top professional football in England, you should understand how it works. ExtraTips.com features a page dedicated to the English Premier League that provides all the relevant information every bettor needs to know. 2. Know the teams Gather as much information as possible about the teams involved in the competition before placing a bet. Keep yourself informed on the top players, absences, injuries, new transfers, and any stream of information you can get your hands on. Also, take into account recent form, head to head information, team news, head coaches changes, and all other relevant data to give you as much of an advantage as you can have. 3. Keep a record Keep a detailed record of your betting to know how much you have won or lost. A great idea is to always document every bet along with your stake, odds, and profits or losses. This strategy will help you keep track of how much you are earning and losing and also offer you helpful insights on which leagues and competitions you perform better at and which types of bets are more successful. Types of leagues bets Betting on the outright winner of a football league or competition is a popular choice among punters. However, there are hundreds of outcomes you can bet on with football betting, such as: A team’s finishing position in a domestic league A team’s exit point of a tournament The top goalscorer in a competition The team that will end the season on the bottom of the league The clubs in the relegation zone The top 4 finish The top 6 finish Keep in mind that you won’t win every time, but football betting can be enormous fun and if done well, profitable in the long run!Visit ExtraTips.com to get the best predictions for every football league and competition worldwide! Our betting experts are football lovers, and they spend an incredible amount of time analysing every match to bring you accurate predictions and betting tips backed up by statistics.