Anyone wishing to learn how to make money with sports betting needs to know that this activity carries high risks and, for this reason, requires a number of precautions, one of which is using reliable platforms. See the table below for some of the best betting sites currently available, and then check out other essential precautions for those who want to make money with this activity.
First and foremost, it’s important that you don’t lose control, as reckless gambling can lead to various negative consequences in your life, going far beyond financial ones.
However, if you follow some essential rules, take the necessary precautions, and possess advanced knowledge in a particular sport, it is indeed possible to make money from sports betting.
In this article, we’ve outlined 6 important precautions you should take to become a profitable bettor, and we’ve also provided details on some of the main betting sites that operate legally in Brazil.
1- Study
Before diving into the world of sports betting, it’s crucial to acquire knowledge. Investing in a reputable course on betting is a great way to start.
In addition, try following some reputable influencers in the market and renowned professional bettors. But be cautious, as there are many people in this field and not all of them have the necessary experience and knowledge.
However, in addition to all this, you should primarily study the relationship between the odds (the chances of a certain event occurring, regardless of the sport) and the games and markets.
If you enjoy soccer , for example, you need to understand enough about the sport to avoid getting into trouble. However, this also applies to other sports, such as volleyball, tennis, and basketball.
Furthermore, it’s crucial to understand that you are always in control of your decisions. For this reason, it’s best to be prepared.
2. Create a good method.
Creating a good betting method and validating it—that is, testing it with bets of symbolic value to see if it actually works—is the basis for being a profitable bettor.
You can run these tests for a good amount of time playing games to see if it suits you and if it has positive value, but always with a lot of discipline.
Having a method means knowing which markets you will bet on (football, volleyball, tennis, basketball, among others), what type of odds you want to work with, the size of your stake (the portion of your bankroll that you will use for betting), and how many games you will play.
Having a method and following it is the way for any bettor to stay in control of the situation.
3- Maintain emotional control
Generally speaking, humans tend to give up when things aren’t going well, especially when everything is supposedly done correctly and still doesn’t work.
However, it’s worth remembering that in any sport, including football, upsets can happen and ruin everything.
For this reason, having a betting method is so important. In the long run, if you have validated it and maintained discipline, you will have a good chance of becoming a successful bettor.
Losses are inevitable for any bettor (experienced or beginner). However, even in these situations, it’s necessary to have balanced emotional control to deal with them.
4. Learn to manage your bankroll effectively.
Bankroll is the treasure of any gambler. Without it, it’s impossible to operate on betting sites or be a successful gambler.
The market offers various bankroll management strategies, so be sure to study them and be as disciplined as possible in this technique.
Avoid getting carried away with fluctuations in your stake, even if you’re on a “good run,” meaning a good sequence of wins (greens). Remember, always manage your bets wisely!
5. Understand the statistics.
Even if you’re not a big fan of numbers when it comes to sports betting, know that if you don’t try to understand the statistics, you’re unlikely to be a profitable bettor.
You need to know and read the game through the numbers, that is, evaluate championships, teams and players, statistically speaking.
Therefore, put aside your prejudices, embrace the statistics, and find happiness in the world of sports betting.
6. Don’t get addicted (responsible gambling)
Addiction is one of the biggest risks of sports betting. After all, once you dive into this world of betting, it’s almost a point of no return.
The fun and the possibility of making money create a mix of emotions. However, one should always think about responsible gambling.
This also implies knowing the right time to stop betting. Generally, the bettor makes this decision when they start losing a lot of money (according to themselves) betting.
When that moment arrives, it’s important to reflect, evaluate, and pause for a while. After analysis, if you’ve incurred a loss exceeding your stake, the best course of action is to close the account for that day, identify your mistakes, and try not to repeat them.
When gambling becomes an addiction, it can lead to irreparable losses in your budget. For this reason, be careful and always self-assess to know if you are approaching this dangerous level.
What are the best betting sites that operate legally in Brazil?
Recently, sports betting was legalized in Brazil, according to Law 13.756/2028 . However, the market is not yet regulated, as the Federal Government has not yet released the rules that will define how the sector will operate in the country.
In any case, several well-established betting sites worldwide already operate in Brazil with headquarters abroad, allowing Brazilians to access and place bets without any problems. Here are some of the best:
Bet365 is the largest and most popular betting company in the world. The company is the official sponsor of several Premier League clubs, a fact that proves the platform’s reliability.
The minimum deposit on the platform is R$30 and can be made via PIX, bank transfer, or bank slip. Additionally, new users receive a welcome bonus of 50% on their first deposit.
Betano is a betting site that has been gaining increasing popularity in recent years, mainly due to becoming an official sponsor of the Brazilian Championship.
On the platform, you can deposit amounts starting from R$ 20 via PIX, and the minimum withdrawal is R$ 50. Regarding welcome bonuses, the site offers one of the best, consisting of 100% of the value of the first deposit.
Estrela Bet is another betting site that has been growing in Brazil and is already among the best options on the market. The company is an official sponsor of Ceará Sporting Club, a factor that demonstrates its reliability.
A major advantage of Estrela Bet is that it accepts deposits of any amount starting from R$1, and the minimum withdrawal amount is R$10. Remember that everything is done via PIX.
Betnacional is a sponsor of Rede Globo, and it’s a betting site that has grown significantly in recent years, already being considered one of the best platforms on the market.
On the website, the minimum deposit amount is also R$1 and the minimum withdrawal amount is R$19.99.
Is it possible to make a lot of money with sports betting?
In reality, the chances of making a lot of money with sports betting do exist, but we can say that they are quite limited.
Especially if the bettor doesn’t dedicate themselves to studying the subject and the odds, which, incidentally, is the case for a large portion of bettors.
Therefore, contrary to what is said on the internet, sports betting is not and never will be an efficient way to generate extra income , and should certainly not be seen as an investment model.
You can certainly set aside some money (that you won’t miss) to try your luck, but never consider these sites as an investment.