Betting 4 A Living

That Foreign Guy · 07-11-11, 05:48 AM

but when the losing streak comes or there is not enough "action" is when you are truly tested

That's why god invented craps.

StackinGreen · 07-11-11, 06:22 PM

Originally posted by illfuuptn

Weird how the guy is dumb enough to believe his 70% is legitimate and sustainable, but he is smart enough to have a level 2 understanding of how the market works.

p.s. There are 9 levels.

That's why you fail, ill

Enjoy your preaching about "levels" and what you think you know about others, and keep guessing "what is sustainable" while I cash.

It's fun for both of us that way.

StackinGreen · 07-11-11, 06:25 PM

Originally posted by truebluebear

All the "Theory's" and "Systems" in the world and number crunchin aint gonna help you if you got no betting plan in place and most importantly DISCIPLINE in your armour , its easy to stay with the programme in a winning streak but when the losing streak comes or there is not enough "action" is when you are truly tested , if you can discipline yourself and are fortunate enough to have a winning formula / system then Sir's I salute you . Good luck guys make those Books pay !!!!!!!!!!!!!

See, finally a smart poster and not a silly detractor, heed true blue's word and you'll increase your odds of coming out on top. Cheers my man

johncrud · 07-11-11, 07:42 PM

If you dont have any clue how to gamble, I suggest using some of these good systems that may help you make truckload of cash... yep yep..

the famous John Morrison system, Wallco, or fade Brandon Lang.

StackinGreen · 07-11-11, 08:19 PM

Fading B. Lang is money in the bank, haha

That Hondo guy who writes for the NY Post is another chaser ...

Find someone who breaks the rules as set forth, find a way to get his honest pick, and go heavy the other way. If you know nothing I think this is the best way to be profitable.

CanuckG · 07-11-11, 08:49 PM

Problem is patience and discipline. I can have a great week but then there will be one day that my team loses 2-1 and I become frustrated and get very tempted to chase with another play which I normally wouldn't play. You better have a big enough bankroll to withstand rough patches like that. I'm definitively not doing this for a living (as of now) but if I did I'd have to have 6 months of bills paid for in advance (when I move out) and 20 dimes to gamble. Right now I'm a student with no bills and 19k to play with in total...and it's hard because I want to up my wagers because of my lack of patience.

My spreadsheet is so erratic it's not even funny. I go from $100 to $1500 per game.

Have to think long-term and not short term..

20Four7 · 07-12-11, 04:17 AM

Anyone who titles a thread "Betting 4 a living" isn't able to do it in my opinion.....

jolmscheid · 07-12-11, 08:09 AM

Originally posted by CanuckG

Problem is patience and discipline. I can have a great week but then there will be one day that my team loses 2-1 and I become frustrated and get very tempted to chase with another play which I normally wouldn't play. You better have a big enough bankroll to withstand rough patches like that. I'm definitively not doing this for a living (as of now) but if I did I'd have to have 6 months of bills paid for in advance (when I move out) and 20 dimes to gamble. Right now I'm a student with no bills and 19k to play with in total...and it's hard because I want to up my wagers because of my lack of patience.

My spreadsheet is so erratic it's not even funny. I go from $100 to $1500 per game.

Have to think long-term and not short term..

Good point Canuck....you gotta have money to make money!

pepper60000 · 07-12-11, 08:36 AM

does anyone thing $100 is too small to bother sports betting with....I want to try to turn $100 into $1000 over an NHL season but dunno if it's doable...

Peregrine Stoop · 07-12-11, 09:49 AM

Originally posted by StackinGreen

Why is it good business practice? Because they know they are at times exposed. If they were so sharp with early lines (all the time), there would be no need for "good business practice."

Do I believe most lines per week are good? Sure. If you follow them, few move substantially. BUT, (and this is the point) if they never moved a number because they were so sure of themselves (which is my point, THEY ARE NOT) they would get KILLED on the few games they end up being wrong on, and they do not know which those will be.

Without the aggregate action of the betting public, and flexibility to reform their numbers, they'd get crushed. End of story.

Do you realize how far off they would have to be for you to hit 70%?

Peregrine Stoop · 07-12-11, 09:50 AM

Originally posted by pepper60000

does anyone thing $100 is too small to bother sports betting with....I want to try to turn $100 into $1000 over an NHL season but dunno if it's doable...

It's too small, but most punters are not going to learn sports betting through research/hard work/studying. They have to actively do it at the same time. Small dollar amounts make the 'lessons' cheap.

StackinGreen · 07-12-11, 09:57 AM

Originally posted by pepper60000

does anyone thing $100 is too small to bother sports betting with....I want to try to turn $100 into $1000 over an NHL season but dunno if it's doable...

First question is, "What is a meaningful win for you?"

CanuckG · 07-12-11, 11:15 AM

Pepper start with 500 and work from there. Starting with 100 is too small IMO and one bad loss could turn your bankroll into shambles.

StackinGreen · 07-12-11, 12:50 PM

I risk all sorts of amounts but having been around it for a long time, I feel that the bare minimum these days per game should be $50, otherwise it's just a waste of time. Winning less or losing similar amounts isn't any more satisfying than just watching the game as a hobby and as entertainment.

My thoughts.

CanuckG · 07-12-11, 01:20 PM

Agreed. I can barely get up and watch a game unless I have a couple hundred on it.

BDiddy · 07-12-11, 03:37 PM

Originally posted by CanuckG

Agreed. I can barely get up and watch a game unless I have a couple hundred on it.

Then you'll never win long term at sports betting...

Inspirited · 07-12-11, 03:38 PM

I'd rather not watch the games. I want to take a detached mathematical approach.

CanuckG · 07-12-11, 04:19 PM

Originally posted by BDiddy

Then you'll never win long term at sports betting...

Because putting $10 on a game doesn't interest me?

BDiddy · 07-12-11, 04:21 PM

Originally posted by CanuckG

Because putting $10 on a game doesn't interest me?

No, because your previous statement implied that you bet for thrill...

durito · 07-12-11, 05:15 PM

Originally posted by CanuckG

Because putting $10 on a game doesn't interest me?

no because you are a ******* retard

statnerds · 07-12-11, 08:32 PM

Originally posted by durito

no because you are a ******* retard

If Durito speaks it, it is the truth.

And i have no idea who you are or what you wrote for him to react this way, but I know he is right. No offense.

maxvalue1 · 07-12-11, 10:53 PM

Having a good paying job (no more than 40- 50 hrs per week)and doing this on the side is the way to go.

truebluebear · 07-14-11, 05:50 AM

Originally posted by statnerds

If Durito speaks it, it is the truth.

And i have no idea who you are or what you wrote for him to react this way, but I know he is right. No offense.

Time to grow a pair of balls , no ? speak for yourself son not through a third party (life is too short ) !! Best of luck guys !!!!!!!!!!!!!!!!!!!!!

That Foreign Guy · 07-14-11, 09:44 AM

Originally posted by CanuckG

Agreed. I can barely get up and watch a game unless I have a couple hundred on it.

So either don't watch games or get used to going broke. While betting to have an interest in a game is a valid reason to do it, it's not a good one.

I have made 350 baseball bets this season and literally only watched three innings (because a friend really wanted to see Jeter's 3000th).

Peregrine Stoop · 07-14-11, 12:39 PM

Originally posted by maxvalue1

Having a good paying job (no more than 40- 50 hrs per week)and doing this on the side is the way to go.

Different strokes for different folks. I know many people where doing this for a living is better than them having a full-time job. I know others that are better off doing the main job/side thing. Depends on the person's work situation, sports betting ability, and personality.

statnerds · 07-14-11, 09:11 PM

Originally posted by truebluebear

Time to grow a pair of balls , no ? speak for yourself son not through a third party (life is too short ) !! Best of luck guys !!!!!!!!!!!!!!!!!!!!!

Got on SBR. Saw his name as posting last in the thread. Didn't read anything but his post. Don't know that guy, don't care.

Point was Durito is da man so

I can't believe I was going to insult you, but had this feeling you would run to the mods and lodge a complaint, so I refrain.

chunk · 07-15-11, 12:41 AM

Originally posted by Peregrine Stoop

Different strokes for different folks. I know many people where doing this for a living is better than them having a full-time job. I know others that are better off doing the main job/side thing. Depends on the person's work situation, sports betting ability, and personality.

I don't disagree with anything that you have said here other than this. If anyone that is doing this for a living... it's not better than a full time job, it is a full time job. There may be a few months out of the year when you can slack off, but when it comes time to reap the harvest it is balls to the walls.

ziptoe · 07-15-11, 02:00 AM

Originally posted by wiseguyplay

i bet for a living i just recently quit my job and continue to wager on the winnings

so.... how about posting your picks so we can all quit our jobs.

truebluebear · 07-15-11, 03:55 AM

Originally posted by statnerds

Got on SBR. Saw his name as posting last in the thread. Didn't read anything but his post. Don't know that guy, don't care.

Point was Durito is da man so

I can't believe I was going to insult you, but had this feeling you would run to the mods and lodge a complaint, so I refrain.

Thank you very much Bawbag !!!

see you can fight your own corner !!!!!

That Foreign Guy · 07-15-11, 05:07 AM

Originally posted by ziptoe

so.... how about posting your picks so we can all quit our jobs.

So how about not begging for handouts so you can have a sustainable edge?

There's a forum for tailing other people's picks and TT isn't it.

Peregrine Stoop · 07-15-11, 05:57 PM

Originally posted by chunk

I don't disagree with anything that you have said here other than this. If anyone that is doing this for a living... it's not better than a full time job, it is a full time job. There may be a few months out of the year when you can slack off, but when it comes time to reap the harvest it is balls to the walls.

good point

only a few months from being awake Saturdays at the crack of dawn for about 16 hours straight of work

durito · 07-15-11, 08:51 PM

thats true, but i´ve never once dreaded one of those 16 hour saturdays the way i dreaded going into work everyday

evo34 · 07-15-11, 09:46 PM

Originally posted by chunk

I don't disagree with anything that you have said here other than this. If anyone that is doing this for a living... it's not better than a full time job, it is a full time job. There may be a few months out of the year when you can slack off, but when it comes time to reap the harvest it is balls to the walls.

Not necessarily. If you're betting tiny markets and/or are arbing to generate most of your edge, then absolutely you'll need to spend most of your waking hours hunting around, picking off bad numbers, etc. If, on the other hand, you have built an automated model that can beat a very liquid market, your business is pretty scalable without putting in long, grinding days [after the up-front research]. That's why I don't really understand the excitement around beating WNBA, golf, or random props -- assuming your goal is maximize the profit/effort ratio over the long haul. Certainly, you can make money doing so. But you'll be spending so much time trying to find/execute your bets, that it will feel like a full time job.

jolmscheid · 07-15-11, 10:10 PM

But is there really any "blanket" strategies in sports betting?

StackinGreen · 07-16-11, 11:31 AM

Originally posted by jolmscheid

But is there really any "blanket" strategies in sports betting?

There are good guidelines, reinforced by instinct. While this is semantics, I would say, no such thing as "blanket."

Professionals are professionals because of situational analysis. Do other factors weigh in? Sure.

You want a freebie? USA tomorrow in the World Cup Final. Good guideline? Lay the extra and take them on the push if draw bet, or bet to win the cup.

You're welcome.