Are sports your obsession? Then why not make it your career? No, we’re not talking about strappin’ on your helmet and going to an NFL tryout—not unless you’re so athletically inclined. No, there’s lots of ways you can turn your sports knowledge and enthusiasm into money.
No matter how much money you have to invest or how much help you get along the way, the key to making money with investing is investing for the long term. Short-Term Investments vs. Long-Term Investments. Short-term investors make money by trading in and out of stocks over a short period of time rather than buying and holding them for several.
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Here are 5 ways to make money as a sports fan.
How To Make Money With Sports Knowledge Management
Create a Sports Blog
One of the easiest ways to make money on your sports obsession is to start a sports blog. Nearly every sport has a passionate fanbase, so you’ll definitely have an audience. Choose an easy-to-use blogging site where you’re able to customize your template, or you can even create your own website. Be sure to have a social media presence—you’ll be able to promote your blog on the social media pages of whichever teams or sports organizations you’re covering.
- When betting on sports, your hit rate refers to the number of bets you win in relation to the number of bets you place overall. It’s typically expressed as a percentage. So, for example, if you place 100 bets and win 50 of them, then your hit rate is 50%.
- If you expand on that information to create an ebook, webinar, course, book, podcast, then you can share your knowledge with more individuals and earn ongoing income from your product sales.
If you’re able to get enough traffic, then advertisers may pay you to either advertise their product or feature their ads on your site. It can be a lucrative way to earn some extra money or even a living.
You could also start a vlog on a video streaming website. On sites like YouTube, you can earn money if you get enough views on your video. Be sure you get great vlogging equipment, like a high-quality mic and headphones.
Bet on Sports
If you’re a high-roller, you might be able to make some money gambling on sports. Obviously, this is more of a high-risk way to earn money and you should definitely exercise caution so you don’t wind up in a huge financial hole. Abide by the golden rule: never bet more than you’re willing to lose.
There are several ways you can bet on sports. First, you can bet online—the internet is one of the few places where you’re able to gamble legally, but this is only available in some states. Check out the best online sports betting in your location in the US.
Otherwise, you’ll mostly have to do your sports betting in select locations. Most states have casinos where you’re able to bet on sports, but there may be other betting venues, like horse racing tracks, that you can find in some places.
Use your sports knowledge and intuition to make the best bets possible (the data revolution in sports makes it easier than ever to make precise betting decisions). Also make sure you do research on the earnings minimum to file taxes—the IRS may require you to report your gambling winnings.
How To Make Money With Sports
Play Fantasy Sports
You can also make money by playing fantasy sports. Fantasy Football and Fantasy Baseball have a huge base of players who are willing to pay large buy-ins for competitive leagues. These leagues offer extremely lucrative prize pools for the winner.
If you’re consistently a fantasy sports champ, you might consider joining a league with a large buy-in so you could potentially get a big payday for winning. Just like with betting, be sure to use your sports knowledge to build a good team and set a successful roster each week.
Sell Sports Memorabilia
Another great way you can earn money on sports is to sell sports memorabilia to collectors. There are plenty of sports collectors out there who are willing to pay top-dollar for certain items. Oftentimes, these items include signed memorabilia, like signed photographs, jerseys, and gear.
However, collectors might also be seeking certain types of memorabilia that are associated with a great player or a great moment—like a jersey that was worn during a memorable game, or even a ticket stub to a legendary event. If you’re a big sports fan and you’re constantly going to big events, then you might even have some of these types of items in your own home.
How To Make Money With Sports Knowledge Without
Do Sports Photography
How To Make Money With Sports Knowledge Skills
If you love being behind a camera, you could make a lot of money by doing sports photography. There’s a huge market for sports photography, from little league teams, to high school and college teams, to professional sports. Shooting photography for sports is a whole different beast because most sports are very fast, which makes it more difficult to capture high-quality still photos. But with a little practice, you could be taking some amazing photos that people are more than willing to pay you for.
How To Make Money With Sports Knowledge
They say that if you do what you love for a living, you’ll never work a day in your life. So turn your sports obsession into cash today!