Making money from sports betting has become one of the most popular topics in recent years. Being able to gamble from home or with a mobile phone is something that attracts the attention of many people.
The promise of quick money, easy money, or safe money wins out. Especially among the young. But can you make money by betting? How much money does it take to bet? How much can you win by betting?
Making money from sports betting is not easy. It is not fast either. Now who said it was impossible? The bank does not always win and proof of this are several bettors worldwide.
For them, gambling is not a casino. It is not all or nothing. For the bettors, the sportsbook does not always have a house edge. Many of them not only gamble but are dedicated to sharing their predictions. Of course, they charge money for it. Like a financial advisor, they charge to enter what are known as premium tips.
In short, and in summary, you can earn money by betting. Another very different thing is that it is easy or that it is possible with little money. In fact, most studies do not place more than 10% the number of bettors who win money at the end of the year. Some studies even place this figure at 3%. That is, between 90 and 97% lose money gambling.
In economics there is a phrase that dictates that there is no return without risk. We have to bear in mind that almost always the bookmaker has more information than we do. The quotas they set per game are not random.
However, whatever our case, if we decide to bet on sporting events, it is preferable to do it with little money and with money that we do not need.