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Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.

What is the Best Way to Make Money Betting?

1
Specialize in a Specific Sport or League. Rather than trying to bet on a wide range of sports, focus on one or two sports or leagues that you know well. ...
2
Be Disciplined with Your Bankroll. ...
3
Bet on Value, Not Favorites. ...
4
Consider Live Betting. ...
5
Keep Good Records.
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    A spread of +3.5 means a team must win outright or lose by fewer than four points to cover the spread. A +3.5 spread is particularly enticing in football because, as noted earlier, 3-point victory margins are extremely common. An example of a +3.5 spread: New England Patriots +3.5. Miami Dolphins -3.5.
     To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).
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