Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist. Sports betting is not always profitable because it is against your favor due to the vig. For sports betting to exist, companies have to make money off it, which is why PASPA was struck down in 2018.
Can you make a living off sports betting?
There are 2 main ways to make a living from sports betting: The first is being able to pick winners. ... Finding value can again be split into three groups: 1) Matched betting, 2) Arbitrage betting and 3) Value betting. These can be ranked based on their potential risk and reward.15 feb 2021