This post may contain affiliate links and I may receive a small commission when you click on those links. You can read my full disclaimer here.
Do you love sports trivia? Some might think of it as useless information for people not working in sports entertainment, but those people are wrong. It’s actually a great way for anyone to make some extra cash. Keep reading to find out how to make money with sports knowledge.
How to Make Money with Sports Knowledge in 2021
Putting your sports knowledge to the test can be very profitable, especially if you know the right avenues. Let’s explore some of the most popular ways to get your hands on hard cash by simply knowing a thing or two about sports.
Who Can Make Money Talking Sports?
As mentioned above, just about anybody who knows a lot about sports can make money from it. There are no special requirements here. As you’re not competing, you don’t need to be athletically gifted. You don’t even need to be a fan. Here are some of the best ways to make money if you know a lot about sports.
The most common way sports fans put their knowledge to the test is to try their hands at sports betting. When played responsibly, it’s a great way to generate extra income while also enjoying the game at a new level. Placing a bet on your favorite team or against the spread gives you more skin in the game, making it fascinating to watch.
With that said, there’s a significant emphasis on ensuring you bet on sports responsibly. Always set a solid budget for yourself and place bets that make the most sense. Fortunately, there are numerous ways to bet on sports, either online or in person.
Online, dozens of legalized casinos manage sports betting and dedicated online sports betting sites. If you’re more of an in-person enthusiast, you can always visit racetracks, betting bars, and casinos to get the real-world thrill. The more sports knowledge you have, the higher the likelihood of making profitable bets.
Selling Sports Memorabilia
There’s no doubt that sports fans know their fair share of information to help them get their hands on valuable memorabilia. Whether you find a vintage Red Sox jersey or an old puck from a Blackhawks game, there’s money to be made with sports goods. The more knowledge you have about a specific sport and its history, the better you’ll be able to price your products.
Selling sports memorabilia is more of a full-time job than a hobby, and it can deepen your interest in sports. You’ll find yourself doing plenty of research into different items that have sold over the years and networking with other enthusiasts. Over time, you’ll be able to amass a fantastic collection of high-end gear that you can resell at exceptional prices.
Create Online Betting Aids
If you’re not one to try your hands at betting, there’s no reason why you shouldn’t share your sports knowledge. Creating online betting aids is a great way to help other people make money from high-quality bets. There are also multiple ways to help, whether through one-on-one consultations or creating spreadsheets.
The most common betting aids are comparison charts that help people know what teams are best to pick. To make it even more profitable, sell your comparison charts for a reasonable sum every week. Alternatively, you can also create an online betting course to help people learn how to pick teams better themselves.
Starts a Sports Oriented YouTube Channel
Another top recommendation for anyone learning how to make money with sports knowledge is having a YouTube channel. With the millions of people who frequently watch sports, it can also be interesting to engage in discussions with other sports fans. If you’ve considered blogging (as we explore below), videos are an even more informative way to engage with your audience.
You can open a YouTube channel dedicated to a specific sport or a specific team and discuss the highlights from that week. You could also create a sports news show to share fascinating sports-related information you think your target audience would enjoy. As long as you monetize your channel, you can earn revenue with every upload.
Another fascinating way to earn income from a sports YouTube channel is through sponsorships. The more popular your content is, the more likely companies will do brand partnerships and sponsorships. You can find yourself generating thousands by recommending products that your target audience would love having.
Create Fantasy Leagues
Being the fantasy league owner is a phenomenal way to get your friends and acquaintances together during sports seasons. You can quickly set up a league using an existing platform or design your own if you want a more hands-on approach. What better way to enjoy your favorite sport than challenge friends to a full-season fantasy league?
Instead of earning revenue from the participants, you can monetize your league in alternative ways that generate income year-round. One of the top recommendations is to require a membership purchase to access the league. Have all participants pay an entry fee to gain access to the website to build their teams and/or brackets.
Trivia Nights & Contests
Trivia games are really popular. From local bars to area tournaments, they’re all over the place and are open to anyone. You do need to be at least 18 or 21 years old (if it’s held in a bar) in some cases though. These a great way to make money and win big prizes. The payouts vary, depending on the size and level of competition, but you can expect to make at least tens and up to thousands of dollars per contest.
I’d suggest starting out at your local bar to test your skills. Then, as your confidence increases, start looking for regional contests with bigger prizes. You might even try out for game shows like, Sports Jeopardy!. But the competition gets tougher as the payouts get larger, so make sure you know your stuff.
Make a Website
Starting your own blog to share your sports knowledge is another great way to tap into potential earnings. You can write about whatever you like. Whether it’s stats, game histories, player info, or anything else sports-related, the choice is yours. You could even write opinion pieces and game reviews, like a regular sports writer.
And if you’re really good and get noticed, you might even turn it into a full-time career. Attracting an audience might be hard, so I suggest starting small. Find a niche, like covering only one team type of athlete before branching out. It’s easier to find readers if your focus on a small target audience because there’s less in the way if competition.
Write a Book
This sort of goes along with the last method. If you really enjoy writing and have lots to say, then try turning it into a book. It’s easy to self-publish and distribute books these days, as e-books are more prevalent. You can do it all from your computer. Just partner with Amazon or another online distributor to release your masterpiece and you’ll be set. You’ll want to do some promotion and get the word out though. Offer free copies to high authority blogs in exchange for reviews and testimonials.
Challenge Your Friends
Make a few casual bets with friends to see if they can stump you to make a bit of cash. You definitely won’t make as much as with the other methods, but you’ll get test your skills without the pressure. This is a good option if you’re just looking to make a few extra bucks in your spare time. Eventually your friends will get tired of giving you their money though. You might move on to doing sports trivia at your local pub to keep the cash coming. If not, you’d better find some new friends to take advantage of!
Start a Podcast / Give Your Opinion
Podcasts have taken over in recent years. They let us carry on our active lives while listening to interesting stories on all sorts of interesting topics. And modern technology makes it super simple to start your own podcast. Just invest in a decent computer microphone and decide on your topic. Again, the more defined it is, the better. Try to find a way to stand out from the competition. It’s a big sea out there, but lots of amateurs fail. Show off your charisma to draw listeners in. Doing a podcast is great if you’ve got lots to say, but don’t have the skills or patience for writing.
How to Make Money with Sports Knowledge – Conclusion
There you have it! Now you know how to make money with your knowledge of sports. So that’s it, five of my favorite methods for making money with your sports expertise. Let me know if you’ve got more ideas by leaving a comment below. And hit me up with any requests for other potential ways to make money you’re wondering about.
Looking for similar ways to earn? Check out our post on How to Make Money Flipping Sports Cards!