Is sports betting still profitable?

There are a couple of aspects to consider on this subject. One of them being: are there still mistakes you can find and exploit? The answer to this question would be: there very certainly are. The market is very close now, which means: given you have access to the best odds on a certain outcome of a game/event you can bet on, you would get a return of 99% of your money even if you were silly enough to bet every single possible outcome. I meant by doing so and distributing your money well enough, you can assure to lose a preset amount of money. But: it is just 1% of the turnover, using some exact calculation. So what this would mean in the end is: every price you get — at a certain moment — had to be almost spot on. Like perfectly reflecting the probability for this one outcome so that you can’t profit. It is very unlikely to be the case. They simply can’t be this exact. Already one part of the proof that there will be those kind of small errors.

If you compare the prices in their development, you will almost guaranteed always find moments in which you could bet — should you bet right then — on all possible outcomes and make some profit already. Prices change over time and this gives you this additional chance, which just means in the end: there are definitely some errors waiting for you to be spotted.

Apart from this kind of proof already we needed to discuss the amount of money you could bet on those errors. They are there, you can spot them — provided you use our software betty, of course (just kidding; but betty surely enables you to do so) — and you can bet on them. So there is the edge you are looking for. But: how much money would you be able to bet?

This is a tough additional question. Because the answer for it to be profitable may be a „yes“, but the profitability question may comprise : can I make a living of it? In case you have limited demands and also know that all those swings can kill you — just emotionally — and you take like a rollercoaster ride and are ready to live with all that, then the answer could well be: yes, you can.

This was just to explain why the possible turnover you can generate on those spotted errors is an important one. 10 Euro with a 1% edge gives you 10 Cent profit. 100 Euro turnover on a 10% edge gives you 10 Euro. How much money can you bet?

The next part of the doubts about making a living of it would be: how many of those errors do I find a day, a week, a month? Well, it combines with the question before: it is a matter of total turnover you can generate. But the more such errors you spot — and you really spot them — the lesser the swings and the more certain your winnings. But: can you do so? Are you sure you find the mistakes and can you create enough turnover?

Especially having in mind that the big events you can bet on you may rather bet some money on — but there is a good chance that even you got it wrong because market is a lot sharper there. If you bet on smaller events/games you may well find a lot more such mistakes but it is a lot harder to generate the turnover you wished to.

So in the end it may sound like: yes, it definitely is still profitable. To make a living of it might be a bit much to be asked for or it could me too much work and too little money and turn, not forgetting about the swings you expose yourself to.