Football betting has positively exploded as a huge business in recent years, with the industry worth over £1 billion to the vast array of betting companies on the market. With this much money flowing into the bookmakers, it’s about time we started to make some of it back from them! I’ll show you how it all works and how to get started placing some bets to make some money.
The first thing you’ll want to look at are the odds for anything that you are considering betting on. They tell you how likely it is that the event you’re predicting will actually occur. Many betting companies offer either fractional or decimal odds, which leave it up to you to decide what you prefer. Fractional odds show you as a fraction what you need to bet to get a certain amount back. For example, with odds of 3/1, you would get £3 back if you bet £1 (the £3 includes your £1 bet back as well). Decimal odds work in a similar way, showing how much you would get back as a multiple instead (e.g odds of 3.0 would give you a £3 return on a £1 bet).
The more favoured the team/event is to occur, the lower the odds are going to be on it as bookmakers would have to pay out huge amounts otherwise. If you have faith in the underdogs, they will have much better odds and would give you bigger winnings. However, you do have to be careful of this, and never go chasing your losses. Remember, when the fun stops, stop.
All bookmakers offer a market for betting on football, and even some casinos are getting in on the act as well now, in addition to their regular offers. If you play your cards right, there is definitely money to be made out there!