Professional betting tipsters offer expert picks on various games based on in-depth analysis and a deeper understanding of the sports.
How much are these tipsters earning for their sports predictions? We answer this question by examining how they monetize their expertise for each game.
As you can tell by their name, tipsters offer expert sports betting advice on which match outcomes are likely to happen. These "tips" are made with a fundamental understanding of a match. Tipsters consider various data when making their predictions, such as each player's conditions, the venue, and the weather. These experts use their collective experience, knowledge, and other unique methods to predict who will win a game and different outcomes. Why would anyone offer money for these "tips" when anyone can make them for free?
Because of the lucrative nature of sports betting, bettors are looking for "guarantees" or "high-win-rate" for their picks. However, it is difficult to find a winning pick in any sport. Tipsters are sought after for their expertise or capabilities in finding "winners." Especially experts who focus on a single sport, such as football or basketball. Specializing in one sport gives certain tipsters specific insights on a team's potential performance for any game, allowing them to find valuable market bets and get a good ROI on wagers.
How Much Can Tipsters Earn
As a disclaimer, we cannot accurately answer how much a specific tipster profits. However, we can say how seasoned and legitimate tipsters have made enough to sustain their careers in the sports betting market. Long-time experts do not have any reason to divulge their monthly income or the figures they are making. Their privacy on their net income is a matter of security.
While we cannot get a straight answer on how much they earn, we can get an accurate range on their yearly salary by looking at the average earnings of a sports betting analyst. According to Glassdoor, their salary range is $69K per year, or $43K to $146K. This amount is for an analyst with only a year of experience. Seasoned analysts are likely to earn much higher.
Sports betting analysts fill various positions in the gambling industry, such as bookmakers and content writers. These professionals are also sports tipsters that offer their expertise to bettors using mastermind groups of specialized betting picks platforms.
What about the start-ups or the tipsters who do not have any branding? We look at sites such as Tipstrr hosting tipsters to get a reading on how much these start-ups earn. Established tipsters offering a subscription service have an average earning of $150 to $1,500. Even those offering free tips have an average profit of $50 to $1,000. Naturally, those with a large audience have higher revenue, including those that cover popular sports and horse races. Tipsters that cover niche markets such as eSports can still make a sizable monthly income.
Can Profitable Tipsters Make Bettors Rich
There is a presumption among sports bettors that the smartest, long-running, and most highly paid tipsters will make them rich with profitable tips. The answer depends on how you describe "rich."
Naturally, tipsters who have been offering picks for several years are likely to have incredible accuracy in their predictions. This accomplishment results in a large following from serious bettors looking to get the winning wagers for their favorite game. However, this does not mean that a popular tipster can grant you a pick that is "100%" guaranteed. Most tipsters will also be unable to make a pick with a 90% chance of coming true. Those who think they will make thousands of dollars from tipsters' picks may lose a large chunk of their bankroll.
Professional tipsters, especially those with brand recognition, are all about long-term earnings for sports betting. Established ones offer a consistent stream of accurate picks that come true or can get four predictions correct out of 10 games. Bettors who follow these tipsters' picks and place a conservative stake on their bet can make a sustainable profit. This profit benefits the tipsters by allowing their audience to cover their fees.
How Tipsters Make Money
Tipsters have many methods to monetize their picks and sports expertise. One of these methods is a subscription service where bettors pay a monthly or annual fee to get precise picks. A subscription payment is the most common method since it encourages tipsters to consistently deliver accurate predictions and ensure long-term profit for their followers. Bettors usually prefer this method since a subscription fee is affordable and ensures numerous picks for specific periods, which is perfect for an NBA, MLB, or NFL season.
Another method is to earn money through donations or "tips" from bettors. This monetization process is common among tipsters who offer their picks for free on various video streaming and social media platforms. Bettors can donate directly via e-wallet services or with a cryptocurrency wallet. Tipsters can also set up a payment platform such as Patreon to receive a steady monthly income consisting of donations from bettors.
Tipsters can also add additional monetization methods on their platforms, such as affiliate programs, which receive a cut of every profit from a US sports betting platform. There are also brand sponsors where tipsters earn ad revenue for every click on an ad banner. You are likely thinking about why a bookmaker would pay tipsters. A tipster's picks are not guaranteed to win, but they can push numerous bettors to make wagers for those picks. This attraction to make wagers is how sportsbooks always win.
Tipsters with a large following earn as much as consultants in lucrative industries. Their expertise in sports makes their picks valuable to numerous bettors.
This article was published on September 3, 2022, and last updated on October 20, 2022.