When it comes to making money online with sports knowledge, there are plenty of opportunities, so every person can have their own edge and make money. There are several common ways in monetizing this type of knowhow. Let’s learn something about them.
Write a Sports Betting Book
One way to make money online using your knowledge of sports is writing a book on sports betting. Once the book has been completed, you can sell with little extra work. Obviously, you’ll face similar struggles as with writing and try to sell any other book. Why should people purchase your book and not others covering the same topic, or what makes your take on sports betting truly unique?
The good thing about it is once the book has been written, you will no longer depend on betting itself, but how to sell it to your potential audience. Of course, not all of us are good with words, it may take you a long time to write it and you won’t know if it’s any good prior to launching it. Also, finding a truly unique take on sports betting, as well as a satisfactory network of buyers can often turn out to be quite a struggle.
Get into the Game
This one is the obvious one, and also the most popular one. You can make money simply by placing your bets on different sporting events. It up to you to decide on what events you bet and when the results arrive, you’ll know if you won or lost. As easy as that.
Making money with sports betting is probably the easiest way to start monetizing your knowledge of sports. You just have to deposit your funds on a bookmaker site (as Netbet, for instance) and you’re good to go. In addition, you can place a bet whenever you feel like it, which makes you the boss of your time and money.
In order to make money by placing your own bets, you really need to work hard on them, getting acquainted with statistical analysis and thorough research, as bookmakers commonly have more information about the match than you do.
Affiliate Service
Running an affiliate service is among the most popular ways to earn from your knowledge of sporting events without having to actually bet yourself. What it simply means is that through links you recommend to people to create accounts and bet on online platforms and get a commission for that. Plenty of tipsters employ this model earn money, using Twitter and/or review sites for this purpose.
Having an audience is probably the most important thing here, and if you don’t have a good network of people, building one could take a lot of time and effort. You should also be aware that the margins offered by bookies are usually quite small, so your earnings will increase gradually following the growth of your audience.
Paid Tipster Service
Yet another increasingly popular way to score money with sports knowhow without actually making bets is a paid tipster service. What this practically means is that you charge bettors to provide them with give tips or other useful information about sports betting. A solid background in betting is a big plus for this type of service, as people are usually not willing to pay inexperienced tipsters.
The advantages of this service are that you dictate the time of bets and get a periodical income from your subscribers despite of results, in addition to it being quite cheap and easy to set up. However, you’ll need to have good, consistent tipping results, otherwise people will stop paying.