The online sports betting business is a big market right now. People love sports and they like to win easy money. But online sports betting isn’t always about winning easy money. It’s also about losing hard-earned wagers.
But what if I told you that you could make money from online sports betting without placing a single bet? Is that even possible? Yes, it is. Let me show you three different ways you can do that below.
Refer a Friend
The easiest way to earn money from online sports betting sites without placing a bet is through referrals. This means that if you refer a friend to signing up with the online sports betting site and your friend subsequently makes a specific deposit to his account, you will be awarded cash credits.
Bovada has a 200% match bonus up to $100 if you refer a friend. And it allows you to refer as many friends as possible so you can earn unlimited bonuses. As an added perk, Bovada will give you an additional $25 if your friend’s first deposit is via Bitcoin.
Contests are available in most of the top online sports betting sites. These contests can either be paid or free. For free contests, the site does not require you to pay a participation fee but instead, they require you to have a previous deposit balance to your account or a bet related to the event of the contest.
For example, the online sports betting site SportsBetting.ag had a $5,400 Super Bowl Predictor contest before Super Bowl LIV last February. The contest was a 20-item questionnaire related to the Super Bowl. The contestants with the highest number of correct answers received cash prizes which were credited to their accounts.
At the end of the contest, 30 winners were awarded cash credits. The first-place winner received $1,000 while those who ranked in 26th through 30th place earned $50 each. That’s not too bad for a free game, huh?
Use Affiliate Programs
There are tons of online sports betting sites worldwide and each of them directly compete with one another. To help them beat the competition, these betting sites reward people who bring value players to their sites.
This reward system is called the affiliate program, where an independent website promotes the online sports betting site using a link. If a player signs up using the link and makes subsequent deposits to his account, the betting site will give you commission for it.
The sports betting site BetOnline has an affiliate program. It’s free to join for qualified websites and if the players you bring in are capable of producing a specific net revenue for that online sports betting site, you’ll receive a percentage of that as your commission.