Can Sports Betting Make You Rich?

The Quick Answer

Can Sports Betting Make You Rich?

Sports betting can make you rich. Plenty of lucky punters have hit the headlines after placing accumulators or combo bets that have won them life-changing sums of money.

However, for every one of those punters, there are millions more still clinging to that dream. Hey, but that’s no different from all the people that regularly play the lottery.

How Can I Get Rich Betting On Sports?

If you’re looking to get rich quick from betting on sports, the way to go is to place accumulators or combo bets with massive odds and hope you get lucky. Of course, you might have some crazy skill when it comes to picking winning sports bets, which means getting rich will be more about your judgement than luck.

Either way, if you’re looking to become an instant millionaire, you’ll need to combine some great sports betting picks to create the type of accumulative odds you need to reap the big bucks.

For example, you might think Tottenham are going to win the FA Cup at 14/1, Barcelona the Champions League at 9/1, and Manchester United the Premier League at 10/1. That treble gives odds of 1,650/1, meaning you’d have to place a bet of £606 to win a million.

If you don’t want to stake that much, you might want to throw in Rory McIlroy to win the US Masters at 10/1. That will take your accumulative odds to 18,150/1, meaning you’ll just need to place a bet of £55 to win a million.

Hey, if that’s still too much, throw in Dominic Thiem to win the French Open Tennis at 9/1 and your accumulative odds will be 181,500/1. That means you’ll just need to place a bet of £5.50 to become a millionaire.

Of course, if combining such selections in one bet to win a million pounds was that easy, we’d all be doing it. But the truth is it isn’t, and most punters that are serious about sports betting take a long-term approach to making a profit from it. This includes finding systems that work, using a betting bank, implementing a staking plan, and making a decent return on investment and profit year after year.

Making A Long-Term ROI From Sports Betting

If you’re looking to get serious about sports betting, it’s time to think return on investment (ROI). Let’s say, for example, you place 10 x £10 bets at even-money and six of them win. You’ll have bet £100 but your six winning bets will return £120. That means your betting bank is now £20 and 20% bigger than it was when you started. This means you have made an ROI of +20%.

Now imagine you can average that ROI and profit every week for a year. You’ll invest £5,200 in bets, but at the end of the year you’ll have £6,240 – a profit of £1,040. Okay, it might not be the £million you know you could retire with, but it’s certainly enough to treat yourself to something nice.

Alternatively, you could choose to take your first-year profits and use them to increase your stake per bet. As you have 20% more than you started with, you can now increase your stake for each bet to £12. If you have the same number of bets as in year-one, your total bets will add up to £6,240. If you make a 20% ROI again, you’ll end the year with £7,488 – a profit of £1,248, £248 more than in year-one.

If you apply the same theory to year-3, your total bets will be £7,488 and your total returns will be £8,985 – a profit of £1,497.

Year-4 would see you place bets of £8,985, with total returns of £10,782. That means in just over four years you could more than double your original year-one investment – try doing that in a bank or building society.

How To Choose A Winning Sports Betting System?

Of course, sports betting comes with obvious risks attached to it, and you could easily make a loss rather than a profit if you don’t know what you’re doing. The type of people that make a regular return on investment and profit from sports betting put in plenty of hours studying form and statistics. They understand only to have bets that offer value, which means they think they only bet on selections when the odds are higher than they should be.

If you haven’t got the time to study everything you need to do to become successful at sports betting, you may want to consider trying some free tips from professional sports bettors or subscribing to one or more provenly profitable sports betting tipsters. This small subscription can save you hours of studying and leave you needing to find just a few minutes a day to place bets on the advice of your chosen tipsters.

What Sports Do Sports Betting Tipsters Cover?

Sports betting tipsters cover a wide range of sports. Football tipsters are among the most popular ones, with tips ranging from the English Premier League to some of the most obscure leagues in the world. But you should never be afraid to explore all avenues when it comes to making a profit from sports betting.

Golf betting is popular with tipsters and punters due to the chance to bet on selections at massive prices, whilst there are also lots of other golf betting markets to exploit such as daily match bets, two-balls, and three-balls. Tennis betting is very similar, with big-prices available for players in the outright markets, but also lots of other types of bets available such as set betting and match bets.

But the most profitable sports betting tipsters don’t always focus on the most popular sports. Indeed, some sports betting tipsters have worked out how to beat the bookies in sports such as cricket, basketball, and ice hockey.

If you want to make a profit from sports betting, it’s important to find your niche or follow the advice of someone who’s already found theirs.

We hope that’s answered your question, can sports betting make you rich. That big-priced acca might change your life quickly, but we suggest you take the long-term approach to making a profit from sports betting.

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