A professional bettor has to have about 55% wins to break even. Bettors winning bets are not liked a lot by betting sites. It simply implies more liability for them and may force them to pack up due to bankruptcy if some humongous payout comes their way. So, they limit the per day payout for account holders. Despite all these restrictions, some bettors have been able to win amounts that have created history. Let’s find out what types of gambling and bets prove most profitable and which bets have been the most expensive.
What type of gambling is most profitable?
Sports betting is the most profitable form of gambling. In this betting, the bettors are utilizing their knowledge of the game and use their lucky streak to win regularly. Since the results are not dependent entirely on luck and research and knowledge do have their role to play, it delivers a high chance of winning the bet. It is reported that the professional bettors log about 50% wins in their betting sessions to attain sustainability.
Sports betting involves study of past records of participating teams. Their head-to-head meetings are analyzed, too, to find the probable outcome. Good form of the players, and team coordination and motivation level are other factors that work behind any team’s win. To make betting profitable, a punter chooses a few teams and knows all about them really well. And, when the bets involving those teams come by, he chooses to try those bets. As a result, the winning percentage touches the high side and offers betting as a source of regular income.
Some sports bets are very less risky. For instance, in Double Chance, punters are offered the convenience of picking two outcomes simultaneously. So, their picks can be 1X or 12 or X2, where 1 means home team win, 2 means away team win and X means draw. Thus, they get to bet on multiple outcomes which is certainly less risky and more yielding than a normal bet.
Sure betting is another strategy that proves profitable to bettors. In this betting style, they register with different sites and choose team A as their pick on one site and team B on the other. They do so because of the big difference in odds available at different bookmakers. Inconsistent odds indicate incorrectness of odds at some sites, so bettors try to gain from this loophole using the sure betting strategy. With this strategy, they assure profits from the bet despite the result of the match.
Sports bettors can take help of tipsters who have a high accuracy rate. Investing money on such professionals helps gain confidence needed to put down a large amount on any bet. So, based on the input provided by tipsters, they decide the stake size. They also choose odds which are recommended by tipsters. Thus, they get added support for winning a bet in lieu of money they spend on tip. It looks more like an investment and gambling and turns out profitable for gamblers. Using tips available at soccertipsters.net, one can enhance chances of winning bets like Mix Parlay, Correct Score, Over/Under, Fixed Odds, etc. that are otherwise considered tough to guess.
In casino bets, Blackjack is considered the most profitable bet. In this game, the gamblers are betting only against the dealer, and there is no hidden advantage enjoyed by the casino. The RTP of this game is found to be 99%, which implies almost nil house advantage. Thus, gamblers can make money from Blackjack rounds and know precisely when to quit. Winning can be addictive but it does not take much time for a winning streak to convert into a losing phase. So, practicing caution and discipline is advised to benefit from wins.
What was the most expensive bet in the world?
There are a handful of bettors who have made news by putting down the biggest stakes. They made money in some instances and at others reported biggest losses leading to bankruptcy. A few of such expensive bets made are:
1. $10 million bet on Houston Astros to win World Series
Gallery Furniture owner in Texas, James McIngvale put down a $10 million bet on the Houston Astros. He is an established furniture business owner but with a panache for betting. He combined business with betting and proposed a cash back offer to customers if a certain team does not win the World Series. Though he won $75million from backing Astros, he had to part with $74 million as cash back. Next year, he performed the same stunt but could manage to retain $5 million profit which he got from mattress sales that were not to be refunded.
2. $85,000 bet on Tiger Wood’s win by James Adducci
James Adducci placed a mammoth $85,000 bet on Tiger Woods’ win at the 2019 Masters. He was considered eccentric for his choice because of declining popularity of golfers and negative news about him in circulation. Adducci was $25,000 down due to debts a week before the start of the tournament. He chose to be 14 to 1 on Woods and that earned him $1.2million, one of the biggest wins reported by any sports bettor.
3. Dave Oancea’s $100,000 bet on Royals 2015 World Series win
Dave Oancea bet $100,000 on the Royals’ win in the 2015 World Series. He split this bet into multiple bets and placed it at different casinos to spread the risk. Having got treated recently for gambling addiction, he made a comeback with a more disciplined approach but did not tone down his risk-taking ability. He stayed in the bet even after having $750,000 as cash-out option and ended up taking home a mammoth winning amount of $2.5 million.

What type of bet is most profitable?
Bets where punters have more chance to make money are considered profitable. Casino games lovers take a look at the RTP percentage of games. The RTP or return to player percentage is high when the house advantage is low. So, bets on high RTP games are the most profitable. Blackjack and Roulette are some of the casino games options where people bet profitably as they have a fair chance at winning.
In sports betting, the bets where exact scores are not to be predicted are considered profitable. Predicting a match winner may be a bit tricky, but guessing whether there will be total goals over or under a certain figure is a bit easier. Hence, over/under bet turns quite profitable for sports bettors.
Similarly, BTTS is a bet where punter simply predicts if both the teams will score goals in the game or not. It can be predicted easily with the help of past record analysis and use of BTTS percentage calculators. BTTS also helps find draw possibilities. So, draw bet becomes easier to predict and make money when BTTS and Over/Under collectively indicate fewer number of goals in the upcoming match.
One can identify profitable bets from odds’ study. Bookmakers choose to keep low odds for bets that have high chances of occurrence. If there is any loophole in bookmakers’ study, it creates value for the bettor. They may choose to go against the bookie and back a bigger odds that turn out to be a more profitable win for them. So, defying the odds is also a good strategy, and may earn punters big returns, but they should be doubly sure of the outcome before choosing such an option.
Inconsistent odds also create opportunities for sure bets and let punters make money irrespective of the result of the match. In sure bets, punters choose different bets at various platforms. So, they get to back the odds on one platform and defy them on the other. As a result of choosing both sides, they end up booking profits irrespective of the results.
What time do you get best odds guaranteed?
The best odds guaranteed are offered to horse racing bettors. They can get the best odds guaranteed when they choose to place a bet on the win/each-way market on the day of one of the selected races. They need to bet after 8am on the race day to get the best odds guaranteed.
Best Odds guaranteed is a perk enjoyed by bettors who place bets on UK and Irish horse racing games. This guarantee is applicable on singles and multiples on win. If you have selected 3/1 odds, and the bet has ended in 4/1 win, the bettors will be paid out at 4/1. Thus, it is quite profitable for horse racing bettors.
Conclusion
Gambling where both the bookies or casinos and the bettors have equal chance at winning is profitable. Blackjack at casinos is considered the most profitable because of the high RTP rate of 99%. Similarly, in sports betting, the bets that are assigned low odds have high chances of winning and so are profitable. The punters can reach sites like footballtipster.net to get tips on football games, which have high accuracy here. This investment turns profitable due to best output and helps punters win money. Various other bets like BTTS, Over Under and 1X2 Double Chance are highly profitable due to their easy nature and low risk involved.