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This is going to be a long read, and English is not my tongue language so excuse me in case there are some grammar mistakes.
I will try to explain from my experience which methods I have used during the last two years to make money in this business. Some of them worked pretty well, some of them not that good, but still I want to share with you guys some tips specially for those who just began on Betting.
To make this clear: The strategy I used and I am still using to make money on betting is the Bonus Hunting strategy I am explaining below. The rest of this post are tips and other methods which I have tryied but *not with that good results, and of course, with risk*
BETTING TIPS
There are PLENTY of amazing posts / comments about this here, but it's always good the have a reminder. From my experience this are some of them:

• Fix STAKES and learn how to manage your bankroll before start betting. You don't need to have 10 different stakes, 2 or 3 are fine if you know how to manage them. Professional tipsters they sometimes use a flat stake and sometimes 2-3 different ones. Of course you can't put the same amount of money @10 than you put at @2.
  
• From my experience, the best odd-range is 1,8-2,2. That's mostly the range professional tipsters are using.
  
• Be carefull with multiple bets, it's okay to bet on 10 matches a small ammount of money to see if you get lucky, we all do that. But if you are betting bigger ammounts I wouldn't recommend more than 2-3 different bets.
  
• If you LOSE, you LOSE. You don't double the next bet to take back, you don't do stupid moves. You wait until the next opportunity.
  
• Whitdraw part of your benefits when they come.
  
• Get used to ASIAN LINES, specially those 0,25 / 0,75 since it's an amazing way to control the risk.
  
• Do your research before betting. You don't bet on a team to win just because they won the last three matches. Check the sidebar, check more statistics, check who is injury, check the line-ups if there are doubts about if some player will finally play. And really important, CHECK THE ODDS EVOLUTION, If Team 1 has won the last matches, playing good, appartently no injuries... and the odd has raised a lot the last hour ask yourself WHY. Before smiling because you may make more profit, think twice and do your research again because seems like someone knows something that you don't about this match. Specially if the odd has raised from @2 to @2.2 in 1 minute, because that means that someone has put a huge ammount of money there, and probably he knows more than you. Be aware of that specially on small markets (Non-important leagues). You can see the odd moves in oddsportal (check sidebar).
  
• Use a Betting house that don't limit you. I have been limited a lot of times, sometimes just after one bet, so please do yourself a favour. Pinnacle is an excelent option.
  
• There are not magic strategies to make money on betting.
  
• 115-120% ROI it's an amazing monthly mark to professional tipsters, be realistic about your profit forecast.
  
• Sign up in many betting houses. Check the odds and select the best one. Long-run makes huge difference.
  

1. BONUS HUNTING

• Strategy without risk, once you master it.

That's way so far the best betting method I have ever used. It takes time to Master but it's really simply an everybody can do it. I am sure you all have heard of that. Just in case you didn't do it yet, here's a basic guide:
Eg) Bet365 offers €100 to new Users if you deposit €100. (They also give a €50 phone-bonus with small requeriments). Of course you can not withdraw the money inmediatly. You have to move the money X times before that.
The requeriments for Bet365 in Spain are x4. So Bonus money + Deposit money x4. That makes 800 EUR. And the minimum odd is 1,5 and you CAN'T bet on Asian Lines.
What do I do now? Well, you just have to sign up in different betting houses and move the money. Or in other words, bet against yourself. You will need a Surebet software for that, you can easily find one on the Internet. In my case I use this one because it's pretty simple.
All the betting softwares work more or less the same way, they show:
-Profit: Bet between -1,5% +2,5%. AVOID betting at 45% surebets because that's a mistake from the bookies, they will change your odd after betting if you get lucky to place your bet before they notice of their mistake.
-Bookmarker: Here it will show up between which bookmarkers you have to place your bet. For example, you have now €200 in Bet365, and you just sign up on Pinnacle. Then you have to deposit money on Pinnacle and place the bet in both websites. Let's say Arsenal-Chelsea. Over 2,5 goals in Bet365 is @2 and Under 2,5 goals in Pinnacle is @2,03. No matter what happens that you will make 0,83% profit and you will have moved €200 of those €800 you have to move. Or even better than that, let's say the Final Score of the match is 1-1, so U2,5 goals. In that case you would have won your bet on Pinnacle, which means that you would have made aprox. €200 profit on Pinnacle and you would have lost €100 in Bet365 (Remember that from those €200 just €100 are yours, the rest is the bonus part). You have won €200 on Pinn, you have lost €100 on Bet. So totally you have made €100 in just one bet.
That's the best case, hunting the bonus in just one move. If the final score would have been 2-2, then you would have made your 0,83% profit and keep betting between Bet365 and other bookies until you would have moved the €800.
-Event: That's where you are going to bet. YOU NEVER BET ON SPORTS OR MARKETS BEFORE DOING RESEARCH.
Eg) Liverpool-Aston Villla
Over 3,5 cards @2
Under 3.5 cards @2
Seems like a good way to move your money. But you have to know that a red card in some BH is considered as 1 card and in some others is considered as 2 yellow cards.
Let's say there was 2 yellow cards and 1 red card: That would make 3 cards in one BH and 4 in another one. Imagine O3,5 was were the red cards count as one and U3,5 where red cards count as two. You would have lost all your money.
How do I know which ammount I have to bet on every case? Let's say you have found a nice 2,7% profit bet between two betting houses and you have a bonus in one of them. You will get the bonus and also the profit, that's a good one. This betting house offers a €100 bonus if you deposit the same amount. So now you would bet €200 in one side and X amount on the other side.
Let's say ManUtd vs Hull City:
MU Asian Handicap -0,5 @1,97 - Betting House 1 (You have the bonus here)
Hull City X2 @2,06 - Betting House 2
You would bet €200 @1,97 at BH 1 and €191,26 at BH2. Here's the link from one calculator I'm using (all work the same way).
THINGS YOU MUST KNOW:

• If you are hunting one bonus between two betting houses and you don't know which amount of money they will allow you to bet, you check the max. bet on the one that shows you the bet limits, and once you know that bet in the other BH first. or you could have troubles. If the Event is really big then you don't have to, but on small markets you must.
  
• Avoid Too-high profit surebets, Move your money between -1,5% and 3,4,5,7%.. maximum. You don't bet €200 at profit 56% because that's a bookie mistake and that's a really small market which will probably all you to bet no more than €25. If you get in there, the bookie most probably will send you a message saying that your odds has been changed. You will pay their mistake.
  
• You don't bet €200 anywhere, be carefull. If the bonus have high rolleover requirements such as move €1600 EUR, you don't move €400 in one bet. That's suspicious. Keep it simple, move €200 maximum and in normal events like Premier League Matches, La Liga, Serie A, FA Cup, UCL, EL, NBA, Main Basketball Leagues... that's ok. Remember to check always the limits before betting.
  
• Do RESEARCH BEFORE STARTING. Make a new Excel document, and write down all the betting houses you are going to hunt bonus from. Check their conditions, you are not interested on making €50 if you have to move €2000. That's a waste of your time. Also check all the payment methods, I recommend NetelleSkrill or PayPal, easier and faster. Write down all the documents you are going to need for the withdrawal. Check reviews from the betting houses, try to avoid the new ones, let them settle down first.
  

You can only hunt the bonus ONCE per person which means that If you want to continue doing this method you will have to find more people who wants to do it. That's what I have done, friends of mine gave me the documents I needed + PayPal/NetelleSkrill verified account and I do it for them. Of course I pay them around €100-€150. Which is not bad money for them considering they have to do nothing almost. Is it hard to find people? Well, I have 6 on the line right now, everybody wants money for free specially if they are students.
How much money do I need for getting started? I would say around €500. So you can sign up for a €100 Bonus depositing €200 in another house and you still have some extra-money just in case you win all your bets on the 'Bonus Betting House' and you haven't moved enough money to make the withdrawal yet. Once you start making money you can do this method for more than one person at the same time.
How much money can I make? Depends on the betting houses available in your country and the number of persons you are doing at once. UK is the best one so far (more BH, more offers) Spain is pretty good also. You have to do your own research for your country.
2. ARBITRAGE BETTING That's what you use for hunting the bonus - moving money between two betting houses without risk because you have placed bets on all the possible options -. You can do it independently. If your country has acces to betting houses where you don't get limit you can move money between them at high profit ranges.
Eg) Valencia-Sevilla.
BBTS YES @2,3 - Betting House 1
BBTS NO @1,97 - Betting House 2
There is a 6,85% profit on this Bet. Which is amazing. Now you could place a €2000 bet. For example betting €1032,72 on option 1 and €1205,69 in option two you would make €136,82 no matter what happens.
What is the problem with this method?

• You need to bet big to win big.
  
• You would get limited in most of the betting houses after that.
  
• This only works on big markets, you can't put this amounts in a Sweden 3rd Division match.
  
• If they cancel the match in one side but not in the other one and your bet wins in the side that has canceled your match... Well.. (Have to say this has never happened to me and it's really weird to happen on big matches).
  

3. TRADING I have done Betting Trading for a while, you can do it WHILE the match is being played or before that. What is the method about? It's about trying to figure out what the odds of one match are going to do before they do. Obviously you need to have strong information about the match you want to bet on.
*Eg) Based on this week. Dortmund-Real Madrid. Dortmund to win opening odd was @2,78 (15th September). The odd right before the match for the same bet was @2,23. WHY? Well, because something has happened between these time. Real Madrid couldn't win Las Palmas the 24th + some injuries + Cristian Ronaldo haven't done his best. And Dortmund won Wolfsburf 1-5 and Freiburg 3-1 in 3 days.
Now let's see somehow you could have seen that Real Madrid would have trouble in Las Palmas stadium and Dortmund would continue winning on Bundesliga.
Let's say you placed a €1000 bet on Dortmund to win @2,78 (day when the bookies offered the match). Then you waited and right before the match was started you bet €1588 on Real Madrid +0,5 @1,75.
You would have made €191,43 and the match would't have even started.*
Check it yourself here
Of course this a risky-long term example, but you can do it before and after the lines-ups. If you think some player won't play because you have strong information about that, place your bet, wait for the odd to raise up and close the bet on the other side aftertwards.
Does anyone really make money this way? Yes. Let's say you know a professional tipster with a lot of subscribers. When this guy shows the next bet a lot of people who have payed for that service will bet there, and usually big amounts of money. If you somehow know where the influential-tipster is going to bet before he posts it to his subscriptors you have your business done. Open bet, wait for the odd to go down, close bet other side.
What does people who doesn't have access to this kind of information (mostly everybody)?. They do big research, check a lot of pages, be documented as posible. If you find something really good some or later the odd will drop. But it's hard to find.
Where to do trading? Pinnacle doesn't limit, that's why most of people uses that BH. Also betfair is an excelent option for this kind of methods.
Good luck with your betting!

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