Betting Academy: How to make money with sports betting
Welcome to our Betting Academy. Here you will learn how to make money with sports betting and get the most out of our betting tips to win your bets. Everything you need to become a true and a successful bettor winner below:
- 1. Why BeatingBets?
- 2. Basic terms
- 3. Create a BeatingBets account
- 4. My account
- 5. Choosing a Bookie
- 6. Betting markets and tips meaning
- 7. Bankroll and stake management
- 8. Single and multiple bets
- 9. Pre-match betting
- 10. Live betting
- 11. Choosing tips and placing bets
- 12. Cash-out
1. Why BeatingBets?
We are an advanced site that offers exclusive football betting tips and predictions with a high win rate thanks to our automated intelligent system that performs detailed research and in-depth analysis for each match of the day. In addition, we offer the best Tipster service that guarantees you benefits in the medium and long term.
At BeatingBets you will find tips for matches of most of the leagues like: La Liga, Premier League, Bundesliga, Serie A, Eredivisie, Ligue 1, Primera Division, Jupiler League, Superliga and many more. Also, international competitions like: UEFA Champions League, UEFA Europa League, Copa Libertadores, Copa Sudamericana, Euro, Copa America, World Cup and more…
BeatingBets covers various football betting markets like: 1X2, Over/Under goals, and Both Teams To Score or Not. This means that our intelligent system can predict on a wide variety bet markets for our customers to get maximum profits.
We are passionate with making football punters and bettors across the globe make profit beating the bookies with our betting tips provided daily!
2. Basic terms
There are important basic betting terms you should know, as:
2.1. Betting market
Every sport event is broken up into a variety of betting markets. Each of these markets focuses on a specific element of the event, for example the event winner, the final score or total amount of goals in the match. At BeatingBets we offer 3 betting markets: 1X2, Over/Under goals and BTTS.
2.2. Tip
A tip in gambling terms is a bet suggested by a third party who is perceived to be more knowledgeable about betting than the bookmaker, which is the one who sets the odds or probabilities.
2.3. Bookie
Bookie is mainly used as a short form for bookmakers. It is a company or organization that accepts and pays the won bets that we have made.
2.4. Odds
Odds are the betting lines that are set by the sportsbook. There are three main odds formats: American, Decimal and Fractional. We will use Decimal odds. BeatingBets tips have odds higher than 1.20 and are displayed with a "@" next to the tips.
2.5. Bankroll
Bankroll is the total amount of money one keeps aside for betting.
2.6. Stake
Is the amount of money risked or invested on the success or failure of a result in a bet. Stake can also be called a bet and represents the total investment in a given bet.
2.7. Units
Units are a normalized way to compare win amounts while removing the stake size. Units are commonly be a percentage of bankroll or a fixed value.
3. Create a BeatingBets account
By creating a BeatingBets account you will receive exclusive content to your email and you will have the possibility to earn money with your "Referral Link". Also, with an account created, you are almost ready to enjoy a full service from BeatingBets.
For that, follow the next steps:
- 1. Go to "Sign up".
- 2. Next, fill in the form with your data and then click on "Create account".
- 3. You will receive a verification link in the email you have entered.
- 4. Click the verification link button in your inbox (or Spam folder).
- 5. And that's it!, your account is now verified and ready to use.
4. My account
At "My account" you can see all your account information.
Also, you can find:
5. Choosing a Bookie
There are a lot of bookies or bookmakers where you can make money. It is recommended that you consider some factors in order to obtain a better betting experience, such as the most important:
Now start looking for your favourite bookie where you'll make money.
6. Betting markets and tips meaning
Before knowing how to use BeatingBets and beat the bookies, it's important to learn our tips and betting markets meaning:
6.1. Betting markets
| 1X2: | Home, Draw or Away |
| Over/Under goals: | Total goals in match |
| BTTS: | Both teams will score or not |
6.2. Tips
| 1 | Home team will win |
| X | Draw |
| 2 | Away team will win |
| 12 | No draw |
| 1X | Home team double chance |
| X2 | Away team double chance |
| +1.5 | 2 or more total goals in match |
| +2.5 | 3 or more total goals in match |
| -2.5 | 2 or less total goals in match |
| -3.5 | 3 or less total goals in match |
| YES | Both teams will score |
| NO | Both teams won't score |
7. Bankroll and stake management
Most bettors lose in the long run at sports betting because they don't know how to manage their money well.
7.1. Bankroll
The Bankroll is the total money that you have available in one or more bookmakers, destined for sports betting. It's the total amount of money that you have decided to invest in bets.
To be successful in betting, you need more than just a winning strategy and risk management. An essential part of betting of any kind is to have bankroll management. You need to follow the daily movement of your bets and manage your entries. This lets you know if you are indeed making money or losing money.
7.2. Stake
The Stake in betting is the degree of confidence we have that a given bet will be successful. It is therefore a subjective value, by which the bettor assigns the risk that each of his bets will fail. To number the confidence we place on our bets, we use a scale from 1 to 10, where 1 means that we are barely confident that the bet will be successful and 10 means that we are absolutely convinced that the bet will be successful.
Each number on the 1 to 10 scale will be assigned a percentage of the total money you have available to place all of your bets. Although assigning the confidence you have for each bet is subjective and very personal, we can give some tips to recognise which bets have more or less risk:
Depending on the type of bettor you are, you usually establish a full stake (maximum percentage of bankroll to invest in a bet) of 5% to 10%, depending on whether you opt for a more conservative or more daring strategy.
In the case that you set your full stake at 5% (recommended), a linear way of attributing value to each stake according to percentage would be:
Now, in the case that you set your full stake at 10%, a linear way of attributing value to each stake according to percentage would be:
Example: Our bankroll is 1000 $USD and our full stake is 5%. You find an interesting match to bet on. Stake 5 would be 2.5% of our bankroll, so a bet of 2.5% would correspond to 25 $USD.
Now we know what Bankroll and Stake are and why they are so important in sports betting.
8. Single and multiple bets
There are 2 ways of placing a bet in any bookie, but the most important thing is getting a profitable odd for any of them.
8.1. Single bets
Is when you choose only one bet selection. For example, a team to win a match or how many goals will score.
Example: Ticket #1
Real Madrid vs Barcelona: X @ 3.00
Total ticket odd: 3.00
8.2. Multiple bets
Is a bet that consists of more than one selection. If you make that kind of bet you need all your selection required to win. It’s a more risky bet, but you can get a higher payout than a single bet.
8.2.1. Doubles
Example: Ticket #2
Milan vs Fiorentina: -2.5 @ 1.70 Bayern Munich vs Mainz: +2.5 @ 1.60
Total ticket odd: 1.70 * 1.60 = 2.72.
8.2.2. Triples
Example: Ticket #3
Ajax vs PSV: Yes @ 1.70 Valencia vs Sevilla: +2.5 @ 1.80 PSG vs Nantes: 1 @ 1.40
Total ticket odd: 1.70 * 1.80 * 1.40 = 4.28.
8.2.3. Quads or more
Example: Ticket #4
Boca Jrs vs River Plate: +2.5 @ 1.90 Colo Colo vs Palestino: 1X @ 1.30 Atletico Nacional vs Tolima: +2.5 @ 2.10 Flamengo vs Sao Paulo: No @ 1.60
Total ticket odd: 1.90 * 1.30 * 2.10 * 1.60 = 8.29.
Example: Ticket #5
Leuven vs Westerlo: -2.5 @ 2.00 Sporting Cristal vs Cienciano: +2.5 @ 1.95 Olimpia Asuncion vs Libertad: No @ 1.75 Peñarol vs Nacional: 2 @ 2.60 Fluminense vs Atletico Mineiro: -2.5 @ 1.65 The Strongest vs Bolivar: +2.5 @ 1.80
Total ticket odd: 2.00 * 1.95 * 1.75 * 2.60 * 1.65 * 1.80 = 52.70.
Now it is time to compare single bet vs multiple bet, to see which one suits you. The first point to make here is that there is no right or wrong answer to what you choose to do. The type of bet you place is a strategy, and as long as your strategy suits the betting style you have, you are doing the right thing:
As you can see, simples and multiples bets are two different strategies to use while betting, and neither one is better than the other. What is true though is that there is a good time and place for simples, and a good time and place for multiples. Determining which one and when to place a bet is the key to being a successful bettor.
9. Pre-match betting
When it comes to sports betting, there are two types you need to be aware of. With plenty of differences between them, both pre-match and live betting can be highly profitable. Nowadays gamblers have the option of placing a bet before the match starts, or when it’s live.
Pre-match betting is what most bettors are used to. They see the selection beforehand and place bets on matches that they think are going to have a positive outcome.
What’s most appealing about this form of gambling is that you have plenty of time to come up with a winning strategy. This means you’ll have just enough time to analyze the many factors that impact a game.
Now, according to "Single and Multiple bets" section, you are free to pre-match bet single or multiple tickets. Do not forget to reach a profitable odd.
10. Live betting
The main difference between live and pre-match betting is in the name itself. You will oftentimes find this form of betting under many similar names such as in-game betting. This simply means that you’ll be putting a bet on a match that is currently live.
The reason why bettors prefer live betting is because they can place all kinds of bets and more frequently. You can bet on which team scores the next goal, gets the next corner, yellow card, final score and more.
There are advantages to both types of betting. But regardless of what form most appeals to you, it’s important to play it smart and analyze a successful outcome.
We recommend you to place single bets when you bet live. Also, remember that stake is now variable and not fixed.
Now we will see how to use BeatingBets to bet live. Below we will show all the scenarios of our tips and how and when it is recommended to bet. Remember to look always for the higher odd possible.
10.1. Tip "1"
Home team will win the match. For this tip we have 4 scenarios to bet live:
Scenario 1:
When the match is drawn.
Example:
Pretty similar to pre-match bet, but with a higher odd. We have Sevilla vs Valencia 1-1 at minute 25. Pre-match "1" odd was @ 1.90. Now is @ 2.30.
Recommended Stake: 3
Scenario 2:
When the home team scores the first goal.
Example:
Flamengo scores the first goal at minute 10 and its winning against America MG 1-0. Pre-match "1" odd was @ 2.30 and now is @ 1.50.
Recommended Stake: 5.
Scenario 3:
When the away team is winning.
Example:
Boca Juniors is losing 0-1 against Gimnasia La Plata, and it's half time. The "1" odd is now @ 5.00. Recommended Stake: 1.
Scenario 4:
When the match is drawn from minute 60.
Example:
Barcelona and Real Madrid are drawing 1-1 at minute 60. The starting "1" odd was @ 2.00. Now is @ 4.00. Recommended Stake: 3.
10.2. Tip "X"
Teams will draw. For this tip we have 3 scenarios to bet live:
Scenario 1:
When the match is drawn at half time.
Example:
We have Independiente Santa Fe vs Millonarios 0-0 at half time. Pre-match "X" odd was @ 2.90. Now is @ 1.90.
Recommended Stake: 3
Scenario 2:
When the home or away team is winning.
Example:
New York City and Inter Miami are 1-0 at minute 20. Pre-match "X" odd was @ 3.00. Now is @ 4.50.
Recommended Stake: 2
Scenario 3:
When the home or away team is winning from minute 60.
Example:
Pretty similar to Scenario 2, but with a higher odd. We have Roma vs Juventus 2-1 at minute 75. Pre-match "X" odd was @ 3.20. Now is @ 7.50.
Recommended Stake: 2
10.3. Tip "2"
Away team will win the match. For this tip we have 4 scenarios to bet live:
Scenario 1:
When the match is drawn.
Example:
We have Monaco vs PSG 0-0 at minute 30. Pre-match "2" odd was @ 1.60. Now is @ 2.10.
Recommended Stake: 3
Scenario 2:
When the away team scores the first goal.
Example:
Sao Paulo scores the first goal at minute 10 and its winning against Santos 0-1. Pre-match "2" odd was @ 2.00, and now is @ 1.45.
Recommended Stake: 5.
Scenario 3:
When the home team is winning.
Example:
Arsenal is losing 1-0 against Wolves, and it's half time. Pre-match "2" odd was @ 2.00. Now is @ 4.00. Recommended Stake: 1.
Scenario 4:
When the match is drawn from minute 60.
Example:
Sampdoria and Lazio are drawing 1-1 at minute 75. The "2" odd is now @ 6.00. Recommended Stake: 3.
10.4. Tip "12"
Home team or Away team will win (No draw). For this tip we have 1 scenario to bet live:
Scenario 1:
Due to a low odd value, we recommend you:
When the match is drawn from minute 60.
Example:
AC Milan and Atalanta are drawing 1-1 at minute 80. The "12" odd is now @ 4.00. Recommended Stake: 3.
10.5. Tip "1X"
Home team will win or draw (Double chance). For this tip we have 2 scenarios to bet live:
Scenario 1:
When the home team is losing from minute 60.
Example:
Kawasaki is losing 1-2 against Kashima at minute 70. The pre-match "1X" odd was @ 1.36. Now is @ 2.50. Recommended Stake: 3.
Scenario 2:
When the tip still having a profitable odd.
Example:
Pachuca and Cruz Azul are drawing 0-0 at minute 30. The pre-match "1X" odd was @ 1.80. Now is @ 1.50. Recommended Stake: 3.
10.6. Tip "X2"
Away team will win or draw (Double chance). For this tip we have 2 scenarios to bet live:
Scenario 1:
When the away team is losing from minute 60.
Example:
Feyenoord is losing 1-0 against Vitesse at minute 65. The pre-match "X2" odd was @ 1.30. Now is @ 2.30. Recommended Stake: 3.
Scenario 2:
When the tip still having a profitable odd.
Example:
Alianza Lima and Cusco are drawing 0-0 at minute 20. The pre-match "X2" odd was @ 1.75. Now is @ 1.55. Recommended Stake: 3.
10.7. Tip "+1.5"
2 or more total goals in match. For this tip we have 3 scenarios to bet live:
Scenario 1:
When the match has no goals at half time.
Example:
RB Leipzig and Wolfsburg are drawing 0-0 and its half time. The pre-match "+1.5" odd was @ 1.25. Now is @ 1.95. Recommended Stake: 3.
Scenario 2:
When the match has no goals from minute 60.
Example:
Chelsea and Liverpool are drawing 0-0 at minute 70. With a "+1.5" tip, there is a high probability that it will be at least one goal in the match, so we place a "+0.5" goals bet. Odd @ 1.50 Recommended Stake: 4.
Scenario 3:
When the match has 1 goal from minute 60.
Example:
Lille is losing against Lyon 0-1 at minute 75. The pre-match "+1.5" odd was @ 1.25. Now is @ 1.80. Recommended Stake: 4.
10.8. Tip "+2.5"
3 or more total goals in match. For this tip we have 4 scenarios to bet live:
Scenario 1:
When the match has no goals at half time.
Example:
Atletico Madrid and Real Betis score is 0-0 in half time. With a "+2.5" tip, there is a high probability that it will be at least 2 goals in the match, so we place a "+1.5" goals bet. Odd @ 1.60 Recommended Stake: 4.
Scenario 2:
When the match has an early goal.
Example:
Charleroi scores the first goal against Genk at minute 5. The pre-match "+2.5" odd was @ 1.85. Now is @ 1.40. Recommended Stake: 5.
Scenario 3:
When the match has 1 goal from minute 60.
Example:
Bayer Leverkusen is losing against Borussia Monchengladbach 0-1 at minute 75. With a "+2.5" tip, there is a high probability that it will be one more goal in the match, so we place a "+1.5" goals bet. Odd @ 1.57 Recommended Stake: 4.
Scenario 4:
When the match has 2 goals from minute 60.
Example:
Crystal Palace is losing against Manchester United 2-0 at minute 80. The pre-match "+2.5" odd was @ 1.85. Now is @ 2.30. Recommended Stake: 4.
10.9. Tip "-2.5"
2 or less total goals in match. For this tip we have 2 scenarios to bet live:
Scenario 1:
When the match has an early goal.
Example:
Sampdoria scores the first goal against Spezia at minute 5. The pre-match "-2.5" odd was @ 1.70. Now is @ 2.50. Recommended Stake: 3.
Scenario 2:
When the match has 1 goal from minute 60.
Example:
Celta de Vigo vs Espanyol score is 1-0 at minute 75. The pre-match "-2.5" odd was @ 1.90. Now still @ 1.90. Recommended Stake: 3.
10.10. Tip "-3.5"
3 or less total goals in match. For this tip we have 2 scenarios to bet live:
Scenario 1:
When the match has an early goal.
Example:
Tottenham scores the first goal against Brighton at minute 10. The pre-match "-3.5" odd was @ 1.30. Now is @ 1.75. Recommended Stake: 3.
Scenario 2:
When the match has 2 goals from minute 60.
Example:
Sporting Lisboa vs Porto score is 2-0 at minute 65. The pre-match "-3.5" odd was @ 1.40. Now is @ 1.65. Recommended Stake: 3.
10.11. Tip "YES"
Both teams will score. For this tip we have 2 scenarios to bet live:
Scenario 1:
When there are no goals in the match.
Example:
Penarol and River Plate score is 0-0 at minute 30. The pre-match "Yes" odd was @ 1.75. Now is @ 2.70. Also, in this case it is recommended to bet "+1.5" goals. Odd @ 1.70 Recommended Stake: 4.
Scenario 2:
When a team has no scored.
Example:
Sporting Cristal is losing 0-1 against Universitario at minute 60. The pre-match "Yes" odd was @ 1.85. Now is @ 2.50. Also, in this case, it's recommended to bet "+1.5" goals. You must be smart here, and know how much stake and when place your bet. Recommended Stake: 4.
10.12. Tip "NO"
We didn't find any profitable scenario for this market. We recommend betting "No" pre-match only.
11. Choosing tips and placing bets
Now you know what Single and Multiple bets are. Also, you've learned about Pre-match betting and Live betting.
On the other hand, you've learned the basic betting terms and now you opened an account in your favourite bookie. Now we consider you are ready to beat the bookies with BeatingBets.
In short, we can just make 4 kind of bets:
One or more single pre-match bets (very common)
One or more single live bets (very common)
One or more multiple pre-match bets (common)
One or more multiple live bets (uncommon)
You can place one or more bets a day, but with the aim of making a daily profit. This means having more bets won than lost (getting units won). With discipline and good bankroll management, we'll obtain assured benefits in the short, medium and long term.
11.1. Choosing a tip
First of all, you need to choose a tip. Thanks to BeatingBets you have in your hands the most accurate tips for most of the football leagues every day.
BeatingBets considers all of our tips have a high probability of success, so it doesn't matter which one you choose.
It is best to identify and specialize in a specific market. Some bettors prefer to bet on the 1X2 market, others, like me, prefer the Over/Under goals market. Instead, other people are more comfortable with the Both Teams Score or Not market. Choose a market that you feel most comfortable with and you think you will have a better betting experience and results.
For choosing a tip, follow these steps:
- 1. Check BeatingBets Tips.
- 2. Check which matches have been calculated, and check their respective tips.
- 3. Choose one or more tips to follow.
- 4. Now you are ready to place a bet in our bookie. We will see it next.
11.2. Placing a bet
Once selected the tip(s) you going to bet, place a bet following these steps:
- 1. Choose a bet type: Live or Pre-match.
- 2. Choose a ticket type: Single or Multiple.
- 2. Look in your bookie site the same selected match(es) in BeatingBets.
- 4. Look for the selected betting market (1, +2.5, Yes, and so on).
- 5. Place a bet with the recommended stake.
- 6. Wait to win and get your money.
You're done!
12. Cash-out
Cash-out is a feature that some online betting companies offer to their players. This feature allows players to settle bets before the end of the game.
In general terms, this option is used in two cases: When your bet is close to winning or when it's close to being a losing one.
If your bet is close to winning, the betting software proposes you an amount. Of course, smaller than the original profit.
If your bet is close to losing, the cash-out amount offer is smaller than the original stake. So, you have a chance not to lose all your stake in that bet.
The cash-out feature is available from the time you placed the bet and used in most cases in live betting.
Cash-out works in 2 scenarios:
Scenario 1:
Cash-out when your bet is close to winning.
Example:
We've placed 25 USD to a "+2.5" bet in Rayo Vallecano vs Granada match with @ 2.00 odd. This means if there is 3 or more goals in the match, we get 50 USD (25 USD profit).
At halftime, the score is 0-2. The bookie offers you the option to cash-out 40 USD and to settle your bet as won. At this point, you can accept the proposal and make 15 USD of profit—no need for you to involve further with the game.
Or, you can leave your bet open, to win the full amount (50 USD), if the teams score 3 goals or more.
Scenario 2:
Cash-out when your bet is close to losing.
Example:
We've placed 50 USD to a "2" bet in Juventus vs Milan match with @ 2.00 odd. This means if Milan wins, you get 100 USD (50 USD profit).
At halftime, the score is 1-0. This means your bet have now fewer chances to win. The bookie offers you the option to cash-out 20 USD and close your bet. Thanks to cash-out, you have the opportunity not to lose all your money (50 USD).
So, you wonder, why betting sites give you such a chance to cut your losses?. The main reason is that the players love this feature. It makes betting more entertaining. It enables the player to close his bet so that he can bet on another game.
This option has created several discussions among bettors. Some of them use it as a betting strategy. Others like to secure their bets with in-play betting. They like to be in a slow profit and not get annoyed by late goals.
In BeatingBets, we highly recommend you to use this feature in your bets.