It is said that over 50% of the world’s population gambles in some way or another. This can include horses, national or state lotteries, bingo, slot machines, card games, and casinos. Of course, there are almost endless ways to gamble and different countries often have ways that are unique to them, such as pachinko in Japan.

When you consider this huge audience of active gambling enthusiasts you might start to think you could make more money providing tips than by placing your own bets.

Having a regular income from your subscribers could sound very tempting, but how realistic is it that you could make money this way?

Here is what you may want to take into consideration if you are thinking of becoming an online tipster and seeking your fortune that way.

Is it worth becoming an online tipster?

The first thing that will no doubt enter your head when reading this question is the financial advantages. If you can attract numerous people to pay you each month for your tips then you could make a substantial amount of cash.

For example, if you had 500 members paying you $20 each then you would be bringing in $10,000 a month. While this might not be that feasible, at least in the beginning, you can at least see the potential for making extra money this way.

What is required of you to be a successful tipster?

You will need in-depth knowledge of whatever sport or sports that you are going to be providing tips on. You will know that you have a good record of tipping winners and getting results. You will need to also build trust and loyalty with your audience.

Choosing the right sport is also important. Events such as Wimbledon were canceled in 2020 due to Covid so it is vital you pick a sport that can continue during these testing times or you will have no subscribers.

The truth is, you don’t have to be able to pick winners to make money at selling tips. You could quite easily divide your tips between your subscribers so half of them receive one tip and the other half receive the opposite. Barring a draw, at least 50% of your group is going to win.

By following that business model you can retain a large number of your subscribers while gathering more from their recommendations. This is not the most solid way to grow a reputation as a trusted tipster though. As mentioned above, building trust and loyalty are key, as is a good marketing strategy.

How do you sell your tips online?

There are numerous casinos online and sportsbooks already running so don’t make the mistake of thinking you are going to be operating your own gambling business. You are purely in the tipster game and to do this you can use several platforms.

Two of the best ways to run your tips online are either through social media or your own website or blog.

If you search through Facebook and Instagram you will find many tipsters operating. By making a private page you can let potential subscribers add themselves. You then contact them and once they pay their fee you add them to the group. All tips are displayed on the group page and control of members is simple.

Or, you can make your own webpage. This will either involve some knowledge of web design or you will have to employ someone to make your own. The benefit of having a website is that you will look more professional and you can have complete control of what is posted on your site. You can also practice good SEO to bring more visitors.

Getting people to your tipping page or website

The biggest problem for you when starting out is to find subscribers. It could be entirely feasible that for the first few months you only have a handful of people visiting you.

You can improve your visitor rate through a few methods though:

  • Write relevant articles and posts
  • Write on other related websites
  • Interact with social media users
  • Advertise

    • When you write quality, relevant posts on your website you will help your SEO and your search engine rankings. Having interesting sport and betting-related posts will keep your audience interested on social media and your website. Social media posts can also contain links back to your site. If you build up a quality blog then you will attract a regular audience. You can expand on your betting articles to include online casinos, poker, and nyerőgépek too with free tips and strategies to increase audience interest.

    Writing for other people is also another good way to build a reputation and create links to your website.

    Talk to people on social media. Join in conversations on Twitter or Instagram. Follow relevant accounts and you may see people following you back. This will help grow your brand and page.

    Advertising tipping can be tricky. Many sites will charge more for anything to do with gambling. However, you could see about advertising on relevant blogs and increase your traffic this way.

    How much should you charge?

    This is a tricky area and it could differ dramatically depending on the region you are appealing to and the sport you tip on. For instance, in the USA, sports betting has been heavily restricted over the years. In 2019 there was less than $1 billion taken on sports betting, whereas in the UK the same amount of cash was generated from betting on dogs alone.

    You need to consider how big the market is, how many other tipsters are operating in the region, and what the average subscription fee is.

    Alternatively…

    There are definite opportunities to make money from selling tips online but you could even just concentrate on writing a sports blog while selling advertising.

    Writing a successful blog that includes sports betting, casinos, poker tips, and the best slots could generate a good following. Once you have established yourself then you can make money from advertising online bookmakers. If you go down this route then it is important to read the small print and terms for each online bookmaker because you will be partly recommending them by hosting their adverts.

    Summary

    If you want to sell tips online then you need a platform to do so followed by a good marketing strategy without false promises. The use of social media is very important to drive traffic but once you have subscribers, you need to keep them. To do this you need to build trust by supplying useful information and tips that have a good success rate. Then you may make some money by tipping instead of gambling.