The Internet gave us a lot of ways to earn money online. You can even earn living by either playing online casino games or making bets on sports. Still, you may wonder “what’s more profitable: online casinos or sports betting?” That's what we're going to reveal in this article. So, read on.

Making money by playing online casinos

As one of the most popular gambling activities, casino games afford lots of options and rewards for everyone at 1xbet giriş. Although you may experience certain hurdles undergoing the process of registration, the potential profit that online casinos can bring compensates for it.

So, the first point in the online casino’s favor is that you can make a lot of money from gambling. When it comes to actual winnings, it’s worth mentioning some of the biggest casino jackpot hits:

• $39.7 million — won on the Megabucks slot machine;
• €18.9 million — won on the Mega Moolah slots;
• €17.8 million — won on the Mega Fortune slots;
• £13 million — the largest ever online casino win paid in pounds (the Mega Moolah slots).

The second benefit is that the casino edge in some games is minuscule (e.g. blackjack, roulette, slots). It means you can enjoy lots of spins at slot machines or roulette, and potentially lose little money to casinos. Also, you can benefit from the bonuses provided by popular gambling venues. They may significantly increase your odds of winning.

But there are some drawbacks just as well. Most online casino games are games of luck, and the house may benefit from them. According to the Economist, the total gaming losses are estimated at $100 billion per year. While an average debt amount stands between $55,000 and $90,000. So, keep that in mind. Also, one more point for you to be aware of — there’s no strategy that may help you beat the house. The only way to save your balance is to walk away when you win several times in a row.

Profiting via online betting

Betting on sports events is another common gambling activity. Different types of bets within each sport are at your service via online sportsbooks. The process of betting seems to be logical and is based more on analytics than on luck. So, you can place the bets relying on how players or teams perform overall.

When forecasting financially, you need to rely on your average bet and ROI. To calculate ROI, take certain segments of the bets (for example, 100 bets), you also know your initial bank and income based on the results of this segment of the game.

 

Subtract the pot after 100 bets from the original pot to determine the profit. Divide the resulting number by the number of bets and multiply by 100%. This is how you set your ROI.

But before considering this activity as a means of making money, it’s vital to mention the following aspects:

1. Usually, people lose their money in sports betting. It’s not surprising that people may lose money while wagering on sports. They can win from some bets but they lose, in general. That’s how bookmaker business works. For example, Michael Jordan lost $1.25 million on golf bets. Another unlucky bettor is Birdman, who once placed a $1 million wager on the Super Bowl game against 50 Cent’s bet and lost;
2. Betting on sports can be fun. Bettors don’t usually see any problems with the loss of some money. They consider sports betting as a form of entertainment, and the lost money — as a cost for it. 
3. You can earn over the long term. There are a lot of people who profit regularly from betting on sports. So, if you have been thinking that it’s impossible to earn living in this way, here is a couple of examples. Scott Berry once put a $400 bet on his favorite hockey team and won $100,000. Dave Mason parlayed $100 and $1,500 and won $97,025 and $74,248 respectively;
4. Profiting from sports is not that easy. It may take some time and effort from you to do so. The outcomes depend on the actual survey and analysis. Still, it’s quite possible to profit from sports betting.

So, what’s more profitable?

To summarize all the mentioned above, we would like to say that online betting and online gambling are equally profitable. So, it’s up to you to decide which way you are going to choose. It all depends on your personality and your preferences. If you are looking to enjoy the gambling process itself and can afford to lose some money, then you can opt for any of the two options. Gambling should be treated as entertainment in this case. Any activity can bring you profits until you’re satisfied with what you’re doing. And that’s a half of success.