Is It Possible to Make Money on Online Betting? - True or False

The popularity of online gaming has increased vastly in recent years because it has attractive offers and the potential to generate a large amount of money easily while having fun and enjoying life. So the question arises is it possible to make money on online betting, the answer is simple yes, but only 5% of bettors enjoy the profit,but must be discussed, because in the long run 95% probably lose.

This attitude increases the chances for potential online enthusiasts to open accounts on IGaming and develop strategies for their potential money bag growth. The advancements of technology opened new doors for players, which were considered inaccessible about 20 years ago. Now you can access them simply with your device with an internet connection . By 2026 the statistics say that the IGaming market will increase to $100 billion.

Remember: Playing online games is like surfing while there is a storm, if you are a professional surfer you can surf for a while but if you are a newbie you will die…But why is that so?. in this article we will discuss it’s ups and downs and you will have answers to the potential questions you might have about IGaming and online gambling. 

Online gambling around the world 

The world of gambling has increased significantly throughout the past 15-20 years because of technological advancements and new possibilities. Now it is not necessary to go to a casino or bookmaker in order to play bets.

Additionally, in the gaming market, thousands of companies opened their betting platforms; some of them have a live betting function with which individuals can place bets on events as they unfold in real time. For instance, during a soccer game, you could bet on occurrences like predicting who will hit the next goal within the gameplay. This interactive style of betting heightened the amount of thrill the users are getting from the playing.

A Worldwide Sector

We all know that the internet opened the doors we thought would not exist. This applies to the iGaming too. After the internet, marketing has improved, especially its delivery and improvement of awareness. It become easier to deliver the information as well as the service 

With this foundation, the betting market has totally changed and mostly become digital. 

That’s why Europe took an initiative and made users' lives easier and safer with some well-regulated environments, as well as well secure Igaming websites. However in Asia this has not happened, in other words you could win the lottery but still get home empty handed…therefore Asia is the biggest contributor for online gaming, and demand in China and India for IGaming is very high.

And about USA:

Before 2018 In the United States, sports betting was illegal at a national level; changing these decisions gave the chance for individual states to provide sports betting services, which led to a significant growth in market development. According to the American Gaming Association (AGA), Americans placed legal bets after 2018, with the amount of $57 billion on sports in 2021, which resulted in $4 billion in revenue for sportsbooks.

These data put a question mark on whether the increase in engagement leads to more profit or not.

Understanding the idea of the House Edge

All gamblers need to grasp an idea: The casino usually comes out on top in the end. No matter what game you're playing.

Be it roulette, in blackjack, or even betting on sports matches. Betting sites have an advantage known as the house edge. 

The house edge refers to the advantage that allows casinos or betting platforms to generate profits in the long run. In roulette, as an illustration, the house edge stands at 5.26 %. This implies that for every $100 betted, the casino anticipates earning $5.26. Although this percentage might appear modest over bets, with time passing, it secures the casino's profitability regardless of occasional short-term wins by players. 

In sports betting as well as other areas like gambling and wagering activities online or offline, the bookmaker always has an upper hand thanks to what is commonly referred to as "the vig," or commission percentage, charged from the total pot of bets placed by participants involved in a particular match or event. This practice guarantees that bookmaker will win no matter which side the game goes

For example, when odds are adjusted by bookmakers to ensure that the combined probability of outcomes surpasses 100%, they effectively create a built-in margin that secures profits for them irrespective of the final result.

Well prepared individuals don't just come up with randomly. They analyze figures to calculate the probability of each result and alter them to make sure they remain producing a profit.

Let’s say you're placing a bet at a basketball match and see these odds; 

Team A to win: 1.90 (52.63% implied probability)

Team B to win: 2.10 (47.62% implied probability)

While the implied probabilities add up to over 100%, this is intentional to ensure the bookmaker’s margin. In this case, for every $100 wagered, a bettor would win $90 in profit if they correctly bet on Team A. But to consistently make money in this structure, you would need to outperform the statistical expectations of the bookmakers, which is not easy to try.

Short And Long Wins and setbacks

There is a high probability that you will win in a short run, that’s why there is a common misunderstanding about this belief, you can duplicate short term wins. This is not true because remember house always has the upper hand in the long run, the more you play the less chance you have to take profit. It is very addictive to try and try in order to win in a short run
If you are playing for fun then you definitely are winning but if you are playing to win, the more you play the more you lose. Research conducted at Oxford University indicates that 70% of amateur bettors achieve a win in their initial wagers.

According to a report, from The Journal of Gambling Studies, around 85 to 90 percent of people who gamble online ultimately lose money in the long run. This statistic highlights that although some may experience short term victories the initial amount they deposited will be less and less as they continue to play.

intelligent individuals, use data analysis, statistical insights, and expert knowledge to consistently outsmart bookmakers. They employ strategies such as value betting, arbitrage opportunities, and matched betting to take advantage of situations.

They are the hunters out there who have expertise about land and surface, weapons and tactics, traps and landscape…if you can become one of them for sure you can try your luck in Online gambling.

Is Arbitrage Betting a Way to Make Profits Without Risking Anything? 

Arbitrage betting is like buying all surfing equipment before checking the clouds hoping the weather will be good for surfing… What I mean is that you are constantly betting on all indicators and trying to find some inconsistencies in order to win the bet. 

Although it may seem perfect in theory, finding arbitrage betting opportunities is not as simple as it appears. Bookmakers swiftly adjust their odds to reduce inconsistencies making such opportunities scarce and short lived. Furthermore many bookmakers may prohibit accounts that frequently participate in arbitrage betting.

Taking Advantage of Promotions through Matched Betting

There are a lot of offers throughout the market which says free bets, free spins…etc 

You can utilise it and make a profit with this but the main point is to be patient and offers come out to be one time…you can match bettings which means to bet on two opposing bets. One with the bookmakers and another on a betting exchange 

Another technique also known as matched betting capitalises on the promotions and free bet incentives provided by bookmakers to ensure a profit by placing two opposing bets. One, with the bookmaker offering the promotion and another on a betting exchange regardless of the outcome.

Matched betting has become popular throughout the regions with free bet offers; however similar to arbitrage trading it demands dedication and meticulous tracking of multiple promotions. The Bookmakers may limit the sustainability of betting by restricting or even closing accounts that are heavily involved in matched betting

The Influence of Technology, on Gambling

Over the years AI - Artificial Intelligence and AI Algorithms have developed strategic approaches in general. Online betting is not an imposter. With technological development IGaming now has more potential for profits than ever, because the AI can analyse the historical data, adapt to the changes and adjust it profit accordingly

But it is bilateral, the casinos also can utilise the AI to gain more profits from the users. With this approach it’s better to engage with only the AI which provides detailed historical data and analyse by yourself.

As the cryptocurrency grows little by little, playing with coins becomes popular on the marketplace. For example you can use Bitcoin or Ethereum on several platforms to play, bet and engage with online games or some other betting activities.

This approach become popular because it has very different offers…many many offers
Which can provide the resources, in this case coins, to play with.

In addition, the cryptocurrency is one of the safest way throughout the world to trade money
Bet on online games or Invest. The world of technology is just beginning to see advancements and innovations and blockchain technology has the potential to revolutionise the betting industry by creating a decentralised and fair betting environment despite facing challenges.

Identifying Indicators of Compulsive Gambling

Recognizing the flags of problematic gambling is important as it can progress from sporadic losses, to significant financial strain and emotional and social challenges.There is this phenomenon of chasing losses. Which is that the person tries to recoup the money that has been lost continuously 

Second is Gambling Beyond Your Means. This is when someone is borrowing money or taking a debt from the bank or using his savings to play the game and recoup the money he has lost in playing.

Some of them are putting their family life and work commitments beyond playing which means they lack the focus on their must have duties.

It is very easy to get attached to the rollercoaster of mood swings while playing…it is the way the platform is designed to get you addicted easily and spend as much attention as possible there.

If you experience a big iGaming addiction you should visit a psycholog or search for assistance. In case you are a strong person and you don’t know how you get there, then  analyse yourself, set the limits and stick to your word.

Finding the balance between providing entertainment and managing risks is crucial, in any endeavour. 

Responsible gambling involves recognizing that betting is meant for fun and not as a surefire income source. Remember the words; "Only bet what you're okay with losing.

Conclusion : Is it truly possible to earn money through betting?

In Conclusion, playing online games is fun and entertaining, it is like going for hiking with its challenges… This is a long way but if you choose the wrong mountain without preparation you will fail to accomplish your goal.

While earning money with online betting is the 5% 's fate there are several ways to optimise your performers, which is about the analysis and calculation of the odds and indications.

When you get on the top of the mountain - let’s say you won the game, it is crucial to know how to get down safely with the accomplishment, because there are so many scenarios when someone wins a big amount of money and spends it back into playing another game hoping he will win again. Be prepared, know how to pause, take yourself up and enjoy the win.

Like swimming you should engage with online betting like a fun activity, not like your source of income. By statistics the persons who engage in online betting for fun enjoy better excitement and having more joy than those who are there only for money.

Have in mind that when it comes to online gaming, there are Hunters who can play in a long run but enjoy profit, because of their dedication,calculation and analysis. But if they don’t integrate the AI into their calculations, Casino will and does. So if you want to win you must play with all the tools you got, only for fun of course.