RebelBetting has joined forces with Chris Symcox (Profitboss), an experienced sports bettor, to share his story of how he transitioned from being a truck driver to a professional betting coach. By utilizing both matched betting and value betting, Chris beats the bookmakers and put the odds in his favor. You can do this too!
You’ll be able to catch more of Chris on the RebelBetting YouTube channel in the following months.
Betting can be your second income too
Just like Chris explained in the video “How I became a betting coach” you can start investing this way too! It is possible to make a healthy profit every month by making calculated sports bets with the help of the RebelBetting smart betting tools. And the best thing is – you don’t need to be a professional sports bettor. You can start from zero and you will gain experience with time.
So how can you make money from sports betting? By utilizing two investment strategies called value betting and sure betting.
Value betting means that your likelihood of winning is higher than what the bookmaker’s odds suggest. Sure betting involves identifying bets where you have a mathematical advantage over the bookmaker where you cover all outcomes of a match on different bookmakers, and make a profit no matter the outcome of the game. Give it a try for free to see how it works!
How to start your profitable betting journey
Do you want to learn how to turn betting into strategic investments and gain that extra income just like Chris? Wait no further—you are on the right track just by reading this! Before diving headfirst into the world of value betting and sure betting, there are some things you should know. But how does one even start, and what should you learn more about?
Let’s get our heads in the game and cover the basics of how to start with profitable betting. For now, we will briefly cover some topics and provide you with additional resources along the way!
Bankroll management
The most important aspect of profitable betting is maintaining healthy and responsible bankroll management. Before you even start placing any bets, you should set a clear budget and set aside money that you can afford to lose. Always stick to your predetermined budget and avoid emotional betting and chasing losses. This discipline will allow you to gain profits in the long run.
When setting up your starting bankroll, you don’t need an absurd amount of money. You can start small and let your profits grow your bankroll, enabling you to make even more investments!
Terminology for profitable betting
When starting out on your betting journey, it can feel overwhelming with all the terms flying around. It’s a good idea to gain some knowledge about the basic and recurring terms. We have gathered some of the most common sports betting terms that you will encounter in your profitable betting endeavours. Understanding these terms will give you a solid foundation, making it easier to make informed decisions and increase your chances of success in the long run.
Expected value: The average amount you can expect to win or lose per bet over the long term, calculated by multiplying each outcome by its probability and sum.
Closing line value: The final odds offered by bookmakers before an event starts, used to gauge if your bet has positive expected value compared to the market consensus.
Variance: The measure of how much your betting results fluctuate around the expected value, indicating the level of risk and uncertainty in your betting outcomes.
ROI: Return on Investment; a measure of the profitability of your bets, calculated by dividing net profit by the total amount staked, usually expressed as a percentage.
Yield: The average return on all bets placed, calculated by dividing total profit by total amount staked, giving a clear picture of betting performance over time.
Edge: The advantage you have over the bookmaker, determined by the difference between your estimated probability of an outcome and the implied probability from the bookmaker’s odds.
Mindset
A winning mindset is crucial in profitable sports betting. Setting clear goals helps keep you focused and motivated. It’s essential to stay cool and composed, avoiding emotional betting decisions that can lead to unnecessary losses. Betting should be viewed as a marathon, not a sprint—focusing on the long run ensures you make calculated, strategic choices rather than chasing quick wins.
Frequently asked questions
Author: Hanna Falkdal, Chief Commercial Officer
Hanna works with building relations. And boy does she love it! She loves forging strong partnerships with businesses and creating genuine relationships with customers. Making sure everyone is as happy as can be is always her top priority, as well as educating them on how to maximise their sports betting profits. She has graduated as a Journalist.