If you are looking to earn money from sports betting online, the explosion in online bookmakers available in the UK, as well as the popularity of betting exchanges, in particular Betfair, has meant that there has never been a better period to make regular, sustainable profits. In the event that you are well prepared and disciplined, the following tips will help you make your sports betting pay:

1. Always obtain the very best value

In exactly the same way while you would look for the very best deal when purchasing goods, ensure you always look for the best available odds on any event you are betting on. Even a small overall percentage increase in the standard odds you are able to bet at may be sufficient to make the real difference between long term losses or profits. Wherever possible, always take advantage of the “best odds guaranteed” offers that are now commonplace on horse racing betting at many UK online sports books. In other words, if the odds on the horse you have chosen increase prior to the race is run, the bookmaker shall pay out any winning bets at the larger price.

2. Less is more

One of the most frequent mistakes that can cause you to lose money whenever you are betting on sport, is placing too many bets. The serious sports gambler understands that there are numerous bets that can be more favourable to the bookmaker, and avoids these, betting only when they feel the opportunity represents value. A classic example will be the “each way steal”, a bet that puts the odds firmly within your favour, only occurs very often, and is a bet that the bookmakers despise. There are various successful gamblers who base their betting portfolio around this one method that could statistically always produce a profit over the long-term.

3. Take a long-term View

In the same way that a days fluctuation in stock market prices is irrelevant in determining the overall profitability of a financial investment, a losing bet, day or week should always be kept in perspective. If you have done your homework, can prove the long-term profitability of a system, and stick go to website the rules, any losses should be viewed simply as an essential expense incurred in producing the eventual profits. This is especially vital to avoid the mistake of chasing losses throughout the inevitable losing runs that occur in even the most successful systems.

The successful professional gambler will always approach their betting as a business, keep meticulous records and always take a long-term view of the accumulation of profits. The key will be in identifying the methods that may provide the profits, being disciplined in your approach, always obtaining the very best value and sticking to the rules that are statistically proven to produce betting profits.