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How do bookmakers earn their money?

Have you ever wondered why bookmakers are as rich as they are and how exactly their money is earned? Well read on…

The margin

Also known as the ‘juice’, ‘overround’ or ‘vigorish’ (depending on which side of the Atlantic you originate from), this is essentially the cut that the bookmaker takes from each bet placed, you could call it their commission. Let’s illustrate it as follows with my usual heads …

Sports Betting 101 – how I made £1000 part 3

This is the 2nd part of my 3 part step by step guide to getting started making approximately £50 per hour with BetCraft’s tips. If you haven’t followed the steps in post 1 then please go back and start there first. Once you’ve done that you will have your accounts opened at 2 bookies and be ready to start placing bets.
But first here are few key points to remember about …

Sports Betting 101 – how I made £1000 part 2

This is the 2nd part of my 3 part step by step guide to getting started making approximately £50 per hour with BetCraft’s tips. If you haven’t followed the steps in post 1 and 2 then please go back and start there first. Once you’ve done that you will have your accounts opened at 2 bookies and be ready to start placing bets.
But first here are few key …

Affiliates

BetCraft has a section to the blog entitled ‘ Bookmakers ‘ which contains information about many of the bookmakers that I have used and found to be useful in the past. I have offered this as a reference tool where readers can see information regarding offers that each bookmaker has, not solely their sign-up offers as often details disappear into the small print.
There are some fantastic regular offers provided by …

Sports Betting 101 – how I made £1000

I’ve had a lot of questions about how I made £1000 in my first couple of months of sports betting. The short answer is it was easy.

I spent a few hours setting it up then around 2-3 hours per week checking the tips, placing the bets, watching for the results and checking my winnings! It might sound like there is a lot to do but once i’d set up …

Results so far

This blog was started just over 6 weeks ago with the aim of providing betting advice and offering tips which show that, in the long run, betting on value will be profitable.
I initially started out with a flat £10 staking system but have recently switched to a more flexible ratings system which calculates how valuable each bet it and accordingly determines how much should be wagered.
As of today’s …

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