Making money from Sports Betting Affiliate Programs
Arbitrage Betting Sports betting for a living is probably a dream job for many people. The number one reason people get into sports betting is to try and make money. You might get lucky early on in your betting career but in the long term it is extremely tough to make money from the sports betting. Nov 04, 2019 The casino Sportsbooks make their money on sports bets by collecting a commission on losing bets. This is called the Vigorish or Vig for short. The most common odds are 11 to 10. This means that if you want to win $100 you are risking $110. For example, you place a bet on the Giants at the casino sports book and pay $110.
There is a new and explosive trend in the world of gambling and sports betting—Internet sports betting. People are finding out in droves through Internet searches and word of mouth how simple it is to bet on sports on the World Wide Web. The Internet is saturated with new ideas and schemes to ‘get rich quick’—but few are successful, except if you are dealing in sports betting. The introduction of the Internet has especially opened the floodgates for the sports betting industry. The Internet finally allowed websites and their owners to tap into an audience and membership worldwide instead of only a local audience. The diversity of members has increased the feasibility of the sports betting industry online and has created one of the chief and most commanding online sectors. These sports betting websites turn over billions of dollars every year and are growing more and more every day.
What if I told you that you could make money as a sports betting affiliate without ever risking even a penny of your own money? It’s true. There are literally thousands of sports betting websites all vying for a piece of the pie. The big money is not only being made by the facilitators of the sports betting websites, but rather by an affiliate system. The sports betting affiliate program is evident on most of the sports betting and gambling websites. They offer a bounty and/or revenue sharing program to help advertise their particular sports betting website, hopefully above the others.
Bounty sharing, in terms of sports betting affiliate systems, offers you a reward for attracting a new, paying customer. You, as an affiliate, can do this by word of mouth, directing traffic on your website to a particular sports betting website and advertising. This is a ‘take the money and run’ effort—a one time payment for your efforts of drawing in new, paying customers.
Making Money On Sports Betting Odds
However, bounty sharing may not be the most profitable venture in the long run. Many sports betting websites offer a revenue sharing affiliate program. The programs offered vary slightly from company to company, however the generalized idea is that you earn a percentage of the money spent by a player, which usually runs between 20 and 35 percent and in some cases, you can also earn money on player deposits. 20 percent may not seem like very much money, but it can indeed add up to a large amount of cash—your cash—as you build your referral base of paying sports betters. As they say, “the bookie never loses”—you are placing your bets on the right side of the coin by joining as an affiliate.
Let’s face it—advertising is expensive and getting yourself to the top of the ‘Google scale’ is nearly impossible without investing thousands and thousands of dollars and then the websites have to worry about getting people to click specifically on their website. There is a better way for them to market their sports betting website. A way to stretch their dollar further and work that much harder for them—by paying you to advertise for them. Nothing travels faster than word of mouth advertising—by placing a banner on your website, which already generates traffic, they only pay you for the paying customers that your website or link generates for their sports betting site.
Do not confuse this for a ‘click-through’ program—it’s not. This type of sports betting affiliate program requires the customer that clicks through your banner/website/link to actually sign up to the sports betting website, deposit money and gamble it. What do they have to lose? Twenty percent of how much ever much money your clientele spends. That leaves the sports betting website 80 percent of the pie, which in turn equals cheap advertising and marketing for them, and possibly mega bucks for you.
As your paying referred clientele list grows with the sports betting affiliate program, so will your earnings. Think about it—if you have 10 people who spend $100 dollars a month at the sports betting website, you have earned yourself $200 with very little work. If you have 50 paying referrals who each spend $250 a month—at 20 percent you have just earned yourself $2,500 for simply directing traffic from your website to sign up on a sports betting site.
Make Money On Sports Betting
What’s more, you have nothing to lose and money to gain. Even if your referred clients win big throughout the month, most sports betting affiliate programs do not carry over a negative balance. The more of your own advertising you do for the company, the sweeter your own rewards will be. What are you waiting for? The time to act is now—it is never too late to get a piece of this fast-growing evolution in gambling.