Is anybody bets only mma for living ?
Reachable ROI?
Or it’s near impossible because of the low number of fights?
terpkeg
SBR MVP
10-26-09
2364
#2
Low number of fights. Low limits (especially on openers). Inherent variance accompanying all sports wagering. Highly doubt anyone pulls this off. Maybe if you want to eat beans and tuna can every day living in apartment by yourself with no furniture. Best to put your energy to something more lucrative.
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Stin
SBR Rookie
08-19-19
24
#3
Originally posted by terpkeg
Low number of fights. Low limits (especially on openers). Inherent variance accompanying all sports wagering. Highly doubt anyone pulls this off. Maybe if you want to eat beans and tuna can every day living in apartment by yourself with no furniture. Best to put your energy to something more lucrative.
If you start betting just before fight starts you realize that limits are pretty good.
Contender series 3000k$, UFC 3000$ On early prelims and up to 20000$ on main event.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#4
Its definitely doable. Who would want to be in that situation though where making good calls or bad calls is the difference between eating and starving. My ROI on MMA has been very good. Instead of celebrating I'm looking for safer and more reliable ways to earn $$.
Also there is some guilt involved when I think about how much $$ books have paid me for not doing any real work and only paying attention to a sport that I actually do kind of love.
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Enfuego
SBR Sharp
02-08-09
470
#5
Originally posted by Sanity Check
Its definitely doable. Who would want to be in that situation though where making good calls or bad calls is the difference between eating and starving. My ROI on MMA has been very good. Instead of celebrating I'm looking for safer and more reliable ways to earn $$.
Also there is some guilt involved when I think about how much $$ books have paid me for not doing any real work and only paying attention to a sport that I actually do kind of love.
No, it's not.
Less than 1% of all true gamblers can make a living strictly from gambling and I'm even being conservative with that number.
Don't quit your day job.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#6
Originally posted by Enfuego
Less than 1% of all true gamblers can make a living strictly from gambling and I'm even being conservative with that number.
Is there a legit way to confirm win versus loss ROI?
Someday I might want to publicize my stats.
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Stin
SBR Rookie
08-19-19
24
#7
Originally posted by Sanity Check
Is there a legit way to confirm win versus loss ROI?
Someday I might want to publicize my stats.
It’s not a win vs loss, you could win only 40% of time but with avg odd 3(+200) you will be fine.
You also need to bet only 1/2 or total, not prop bets.
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bjpenn85
SBR Hall of Famer
02-17-11
5059
#8
Theres almost no prof MMA bettors. I know only one.
His biggest problem is being limited.
He never plays props. Only MLs. Plays huuuuuuge bets, but places bets on 10 accounts. When they get shut down, he has 10 new ones ready to lock and load.
Obviously it sucks that bookies closing down accounts. It makes it super hard to build...i think thats the main reason.
Obviously you need to be experienced and not make silly mistakes all the time.
Play by a code, bankrollmanagement, but most people here knows that.
Being limited i would say is the number 1 threat to be a proff mma gambler, secondly low liquidity, but the liquidity increases during the week.
SUPER DUPER low on tuesday, 5dimes goes absolutely bananas on tuesday, but as more money comes in thursday- saturday, you can bet pretty high stakes.
Biggest problem is that youre getting KICKED OUT when youre account win....i never get higher than 3000-4000 dollars before my accounts shuts down.
Most people here doesnt even know.
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Stin
SBR Rookie
08-19-19
24
#9
You could be limited at any sportbook except Pinnacle. In that case It doesn’t matter what sports you bet, mma or soccer.
Pinnacle gives good maximum, Tuesday night up to 3000$, Saturday night 3000+$, if you bet just before fight starts.
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PaperTrail07
SBR Posting Legend
08-29-08
20423
#10
It can be done-you aren't going to be driving an S63AMG but could make solid $...there are plenty of fights but you would need a sizeable bankroll to do it and discipline.....
Originally posted by Stin
Is anybody bets only mma for living ?
Reachable ROI?
Or it’s near impossible because of the low number of fights?
Comment
PaperTrail07
SBR Posting Legend
08-29-08
20423
#11
Even Vegas does not let you get crazy by any means-no 10K-20K bets here.....maybe by talking to a manager
Originally posted by Stin
You could be limited at any sportbook except Pinnacle. In that case It doesn’t matter what sports you bet, mma or soccer.
Pinnacle gives good maximum, Tuesday night up to 3000$, Saturday night 3000+$, if you bet just before fight starts.
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PaperTrail07
SBR Posting Legend
08-29-08
20423
#12
I also would guess Vegas would start to slow you down as well if you really were serious and hammering them.....MMA is just really limited.....and if someone goes the 10 account route youd have to be playing account in other peoples names ect....
Originally posted by bjpenn85
Theres almost no prof MMA bettors. I know only one.
His biggest problem is being limited.
He never plays props. Only MLs. Plays huuuuuuge bets, but places bets on 10 accounts. When they get shut down, he has 10 new ones ready to lock and load.
Obviously it sucks that bookies closing down accounts. It makes it super hard to build...i think thats the main reason.
Obviously you need to be experienced and not make silly mistakes all the time.
Play by a code, bankrollmanagement, but most people here knows that.
Being limited i would say is the number 1 threat to be a proff mma gambler, secondly low liquidity, but the liquidity increases during the week.
SUPER DUPER low on tuesday, 5dimes goes absolutely bananas on tuesday, but as more money comes in thursday- saturday, you can bet pretty high stakes.
Biggest problem is that youre getting KICKED OUT when youre account win....i never get higher than 3000-4000 dollars before my accounts shuts down.
Most people here doesnt even know.
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bjpenn85
SBR Hall of Famer
02-17-11
5059
#13
Originally posted by PaperTrail07
I also would guess Vegas would start to slow you down as well if you really were serious and hammering them.....MMA is just really limited.....and if someone goes the 10 account route youd have to be playing account in other peoples names ect....
He gives people 20%. People are super happy. "what? i dont have to do anything and just get free money" Him: Yes.
Them: Sign me up
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PaperTrail07
SBR Posting Legend
08-29-08
20423
#14
Exactly...there is ALWAYS a payoff involved...why you REALLY have to be sharp as a razor...and future result's are NEVER guaranteed...
Originally posted by bjpenn85
He gives people 20%. People are super happy. "what? i dont have to do anything and just get free money" Him: Yes.
Them: Sign me up
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ichiro4thehall
SBR High Roller
12-02-09
241
#15
The average person doesn't realise that the single hardest thing for a professional bettor to do is bet as much as he wants to.
MMA lines are way more efficient now as the sport has become more popular and more money is wagered on it.A 2% ROI would be EXTREMELY good. So you have to get down 100k a week to earn 2k a week/100k a year with a 2 week vacation.
I'd bet exactly nobody is doing this. And if they are, they ain't doing it giving 20% to beards, that I guarantee.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#16
Originally posted by ichiro4thehall
MMA lines are way more efficient now as the sport has become more popular and more money is wagered on it.A 2% ROI would be EXTREMELY good.
You sound like someone who knows a tiny bit about hedge funds and absolutely nothing about sports gambling.
Hedge fund managers are happy to do 5% ROI so sports gamblers must be doing a lot worse than that, right?
Its a lot harder to move millions in assets hedge funds work with than it is the smaller bankrolls gamblers utilize. The difference in capital is one of the bottlenecks preventing hedge funds from doing better than 5% ROI. Gamblers however do not have this restriction which gives them an advantage in terms of moving liquidity and volume. Gamblers therefore have a higher base potential ROI than hedge funds.
IMO, betting mma professionally is 100% doable. There's so much MMA available now with UFC, Bellator, DWCS, PFL, Combate, LFA, One etc., and the action is year-round, not just limited to a few months.
10% ROI over long term is definitely possible. 15%-20% might even be possible with optimum bet size and strategy.
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darrell74
SBR Posting Legend
04-16-07
14649
#18
I'm like 5-0 lifetime in MMA fights in like about 4 years.
But I will bet $330 to win $100
Just chaulky that I will read up on. See that they can't lose. Pull the trigger with what is a lot of money for me on a Saturday-return on Sunday to cash a ticket.
Seriously, I contemplate this, because, i have too many bad seasons in sports. Currently, I'm sucking balls on MLB. Can't seem to win, lately.
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slikec
SBR MVP
01-11-11
1032
#19
Originally posted by ichiro4thehall
MMA lines are way more efficient now as the sport has become more popular and more money is wagered on it.A 2% ROI would be EXTREMELY good. So you have to get down 100k a week to earn 2k a week/100k a year with a 2 week vacation.
2% in any gambling is far to little to call yourself profitable. Why? Cause it takes insane sample size which in betting(compared to poker) takes shitload of time. And if you really are 2% profitable like 40% of those would kill variance making that big sample size(poker also have rakeback which is for many only source of income cause they barely are breakeven).
Only few touts are making decent profit (from selling picks). Rest are breakeven(or think so) and some can make some additional money. But to make living only from betting with 99% books limiting you to pennies really fast you must live in third world country where average salary is low. Why most sites that offer poker and bets focus 90%+ of advertisement to betting????
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Sanity Check
SBR Posting Legend
03-30-13
10962
#20
Originally posted by turbozed
10% ROI over long term is definitely possible. 15%-20% might even be possible with optimum bet size and strategy.
It surprises me to think anyone's ROI is that low.
I assumed everyone was doing better than that.
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PaperTrail07
SBR Posting Legend
08-29-08
20423
#21
Average gamblers ROI is 0% or 10,000% lol....unless they have a large bankroll and are tracking plays....
Originally posted by Sanity Check
It surprises me to think anyone's ROI is that low.
I assumed everyone was doing better than that.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#22
Originally posted by PaperTrail07
Average gamblers ROI is 0% or 10,000% lol....unless they have a large bankroll and are tracking plays....
I don't remember what I started out with in 2018. At my lowest my bankroll was 0.07 BTC.
Ended the year with more than 1.60 bitcoins.
Normal ROI for me.
Anyone who thinks 20% ROI is "good" is doing something seriously wrong.
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PaperTrail07
SBR Posting Legend
08-29-08
20423
#23
Unless you have a Madoff like roll....have to agree.....
Originally posted by Sanity Check
I don't remember what I started out with in 2018. At my lowest my bankroll was 0.07 BTC.
Ended the year with more than 1.60 bitcoins.
Normal ROI for me.
Anyone who thinks 20% ROI is "good" is doing something seriously wrong.
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turbozed
SBR MVP
10-15-08
2435
#24
Originally posted by Sanity Check
I don't remember what I started out with in 2018. At my lowest my bankroll was 0.07 BTC.
Ended the year with more than 1.60 bitcoins.
Normal ROI for me.
Anyone who thinks 20% ROI is "good" is doing something seriously wrong.
I think maybe you have a different definition of ROI here than what I'm using.
ROI in most circumstances means how much return you get from every dollar bet. I know a guy that took a $500 BR to $40k in a couple of years. So he 80x his initial investment. However, his tracked ROI is only around 10%, since that's ROI for each individal bet. That means he wagered 400k total (wins and losses) to get his 40k profit.
ROI per dollar wagered over the long term is (IMO) the true standard of betting success. And anyone that can average 20% ROI over years is in the 0.01% of all bettors.
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bjpenn85
SBR Hall of Famer
02-17-11
5059
#25
Originally posted by ichiro4thehall
The average person doesn't realise that the single hardest thing for a professional bettor to do is bet as much as he wants to.
MMA lines are way more efficient now as the sport has become more popular and more money is wagered on it.A 2% ROI would be EXTREMELY good. So you have to get down 100k a week to earn 2k a week/100k a year with a 2 week vacation.
I'd bet exactly nobody is doing this. And if they are, they ain't doing it giving 20% to beards, that I guarantee.
ROI what? Betting have mucher higher ROI than stockmarket. Some might say its much more risk covito ergo sum, higher ROI.
I estimate everything from 50%-500%, this 10% is so wrong, its basically calling a dwarf Robert Wadlow, calling Usain Bolt speed turtle-like etc
This 100K to win 2k a week is based on a faulty argument.
But you need shitloads, and a shitload of new accounts to switch in the second youre getting kicked out.
I think maybe you have a different definition of ROI here than what I'm using.
ROI in most circumstances means how much return you get from every dollar bet. I know a guy that took a $500 BR to $40k in a couple of years. So he 80x his initial investment. However, his tracked ROI is only around 10%, since that's ROI for each individal bet. That means he wagered 400k total (wins and losses) to get his 40k profit.
ROI per dollar wagered over the long term is (IMO) the true standard of betting success. And anyone that can average 20% ROI over years is in the 0.01% of all bettors.
What you're describing is more like average compounding interest than ROI.
The accountant will make bookies ledgers they can't refuse.
ROI reflects more the average percentage gained on initial bankroll.
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bjpenn85
SBR Hall of Famer
02-17-11
5059
#27
Yes, thats what i thought as well Sanity!
So youre friend, turbozed, is a wizard! 80x his intial investment, its an insane achievement. I solute him, and his big brain.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#28
80x is what I would expect from someone good at capping plays.
For MMA the biggest obstacle could be inconsistent and unreliable judging.
It was easier to cap MMA in previous years when fighters were more one dimensional. Things are much harder now.
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bjpenn85
SBR Hall of Famer
02-17-11
5059
#29
Originally posted by Sanity Check
80x is what I would expect from someone good at capping plays.
For MMA the biggest obstacle could be inconsistent and unreliable judging.
It was easier to cap MMA in previous years when fighters were more one dimensional. Things are much harder now.
Everything was easier before, but still there are plenty of opportunities. There are some of the judges decision which is terrible, were obviously getting screwed really bad sometimes, but how much does this cost us in % yearly? I wouldnt expect more than 10-12%. Im just guessing, but it cant be 50, 40, or 30%...so...25% nah still to much 20%...for every 5th unit 1 goes out the window because of judge decision still sounds unlikely...so yeah, maybe 10%, i dont think its more than that to be honest.
An ROI of 2 percent is EXCEPTIONAL. An ROI of 20 percent is impossible long term without insider info, and I'd wager impossible with insider info.
My main point in my previous post tho is how hard it is to get decent money down at good prices. That's what would stop anyone from making a living betting just MMA.
For anyone who doesn't believe my ROI claims. A good experiment would be guess Hugo's ROI on all his posted bets. Then go back and calculate it. Hugo is prob the most respected guy and best capper here. I'd be interested in your guesses for his ROI.
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Sanity Check
SBR Posting Legend
03-30-13
10962
#32
Originally posted by ichiro4thehall
An ROI of 2 percent is EXCEPTIONAL. An ROI of 20 percent is impossible long term without insider info, and I'd wager impossible with insider info.
My main point in my previous post tho is how hard it is to get decent money down at good prices. That's what would stop anyone from making a living betting just MMA.
For anyone who doesn't believe my ROI claims. A good experiment would be guess Hugo's ROI on all his posted bets. Then go back and calculate it. Hugo is prob the most respected guy and best capper here. I'd be interested in your guesses for his ROI.
2% ROI is "ok" for a hedge fund dealing in millions/billions.
If your gambling ROI is 2% you would be better off putting your money into a roth IRA or something with higher than 2% APY/ROI. It would give you a higher earning percentage and be much safer.
Hugo is good at what he does.
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ichiro4thehall
SBR High Roller
12-02-09
241
#33
Originally posted by Sanity Check
2% ROI is "ok" for a hedge fund dealing in millions/billions.
If your gambling ROI is 2% you would be better off putting your money into a roth IRA or something with higher than 2% APY/ROI. It would give you a higher earning percentage and be much safer.
Hugo is good at what he does.
Hugo is the best. That's my point, calculate his ROI to see what the best cappers ROI is.
I think also Sanity you misunderstand what ROI is. If I have 1000 bankroll say, I can easily make 5000 dollars worth of bets in a month, and with an ROI of 2 percent would earn 100 bucks. This would mean my bankroll incresed by 10 percent in one month.
An ROI of 2 percent does not mean that in one year a 1000 dollar bankroll will grow to 1020 like I suspect you seem to think it means.(Although to be extra specific, this actually could be true if the gambler made exactly 1000 dollars worth of bets in a year)
If I have 1000 bankroll say, I can easily make 5000 dollars worth of bets in a month, and with an ROI of 2 percent would earn 100 bucks. This would mean my bankroll incresed by 10 percent in one month.
ROI is Return On Investment as a percentage.
Starting with an initial bankroll of $1,000 and profiting $100 is a 10% return on investment.
There are a lot of smart and talented people in the world. Hugo is one of them. I've seen others doing things similar to what Hugo does with investing and sports betting.
I used to be active on a bitcoin forum where a guy posted a history of his altcoin investments, like how you see people here in this section post plays in their threads. What days he bought a quantity of altcoin, and what days he sold. He had a pretty impressive daytrading ROI. It was higher than 500% - 1000% if I'm remembering right. That type of thing is much more common than people realize. There are a lot of smart and talented people making money in places you wouldn't expect, doing things you wouldn't expect to be profitable.
An ROI of 2 percent is EXCEPTIONAL. An ROI of 20 percent is impossible long term without insider info, and I'd wager impossible with insider info.
My main point in my previous post tho is how hard it is to get decent money down at good prices. That's what would stop anyone from making a living betting just MMA.
For anyone who doesn't believe my ROI claims. A good experiment would be guess Hugo's ROI on all his posted bets. Then go back and calculate it. Hugo is prob the most respected guy and best capper here. I'd be interested in your guesses for his ROI.
I'm guessing it's around 12-15% which is about as good as it gets.
I can personally vouch for a 10% ROI over the course of 3 years from a less successful bettor.