What is the Best Way to Make Money Betting? 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. ... Be Disciplined with Your Bankroll. ... Bet on Value, Not Favorites. ... Consider Live Betting. ... Here's an example of how Lay Betting works:\n\n You decide you want to profit $100 by laying Richmond at that price. Your liability is $5.50 x $100 - $100 = $450. So if Richmond win, you'll lose $450, however if any other team wins, you're set to make $100. Lay betting is especially popular with sports traders.
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