How Much Can You Earn From Online Sports Betting?

The thrill of victory and the agony of defeat – that’s the rollercoaster ride of sports betting and online sports betting. But what if you could tip the scales in your favor and potentially turn a profit? While online sports betting in India is a growing trend, it’s crucial to understand the realities before diving in.

Earning from online sports betting

Unlike guaranteed-return investments, sports betting relies on chance. You’re essentially wagering on the outcome of a sporting event, with odds set by the sportsbook of your choice. These odds reflect the perceived likelihood of each outcome, and we as sports bettors wager on those respective outcomes, in the hope and plan of earning some money online. The key to potentially earning from online sports betting lies in understanding these odds and making calculated wagers. Keep reading for the basic logic below.

Odds & payouts: Odds determine your potential return. Lower odds (eg. 1.50) mean a higher chance of the event happening but a smaller payout. Conversely, higher odds (eg. 5.00) offer a larger potential return but indicate a less likely event.
Winning percentage: To make a profit, you need to win more bets than you lose. However, the odds are usually stacked slightly in favor of the sportsbook (known as the house edge). This means you need a win percentage above 50% to consistently come out ahead.

Calculating your sports betting potential winnings

Let’s take a real example. Imagine you deposit to an online betting platform and decide to wager on a cricket match. You see odds of 2.00 on the Delhi Capitals winning. This means every ₹1,000 you wager could potentially return ₹2,000 (your wager is returned along with the winnings).

Scenario 1: Winning bet

You wager ₹1,000 on Delhi Capitals to win.
Mumbai Indians wins!
You receive your wager back (₹1,000) + winnings (₹1,000) for a total of ₹2,000.

Scenario 2: Losing bet

You wager ₹1,000 on Delhi Capitals to win.
Unfortunately, they lose.
You lose your entire wager (₹1,000).

How much can you earn? Calculated approach with no guarantees

Unfortunately, there’s no guaranteed amount you can earn with online sports betting. It depends on several factors:

Win rate: The higher your win rate (percentage of bets you win), the more you can potentially earn. However, consistently achieving a win rate above 50% over a long period is challenging.
Value betting: This involves finding bets where the odds offer a higher potential return than the actual likelihood of the event happening. Identifying these opportunities requires in-depth knowledge of the sport and strong analytical skills.
Risk management: Smart bettors manage their risk by not wagering a large portion of their bankroll (total betting funds) on any single bet. A common strategy is to only wager a small percentage (eg. 2-5%) on each bet.

Calculate your earnings

While online sports betting earnings totally depend on the factors we’ve mentioned above, and live outcomes, upcoming sports betting site Zetto seems to have a calculator to know your monthly winning potential on their platform, depending on whether you use sports exchange, casino, slots, or all of them. You just need to input details like your potential deposit amount, which product you will use, and more. See an example below: