Betting 4 A Living

[CHUBNUT]

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

Filling tacos for 16 hours will make you think like that. cant you chi square it to 4 America is a great Country.

[BillAccpetor]

True that! You need a good bankroll to start with. Anything under 3.000 $/€/£ makes no sense for me, if you want to straight bet with 2% of your bankroll.

Out of 100 people only 2 will have decipline.

Because of lack in decipline and this implements the ability to take a loss f.e. Vegas and friends are making money.

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..

[cranzter]

Just make sure to do your home work, and don't put to much behind one bet.

[Peregrine Stoop]

Just make sure to do your home work, and don't put to much behind one bet.

do your homework and put whatever 1/2 kelly or 1/3 kelly tells you to put behind one bet

[Sawyer]

kelly kamikae sucks. its for losers. dont use it u fux

[durito]

kelly kamikae sucks. its for losers. dont use it u fux

you couldn't be more stupid

[suicidekings]

kelly kamikae sucks. its for losers. dont use it u fux

Aren't you a proponent of increasing your unit size over time as your bankroll increases? Kelly just formalizes this process in the most efficient way.

[MYFOOTBALLGAME]

Of course

[MYFOOTBALLGAME]

You must have a system that works and a good bankroll..Never bet on emotion look for value always

[brumbies]

kelly kamikae sucks. its for losers. dont use it u fux

how much you up lifetime?

[bettorjon]

hey guys i just wanna ask if casino winnings as well as sports betting winnings either landbased or online is taxable in the US?

if so, how can anyone make a living if his losing more than winning?

[truebluebear]

Jon - we dont get taxed on winnings here in UK (used to be a 9% levy on horseracing winnings but abolished many moons ago ) but I see what you are saying , It is difficult enough to keep ahead of the bookie without having the tax man waiting for you to bung him too , good point sir !!!!!!!

[Peregrine Stoop]

hey guys i just wanna ask if casino winnings as well as sports betting winnings either landbased or online is taxable in the US? if so, how can anyone make a living if his losing more than winning?

yes, gambling winnings, be it casino games, sports betting, lotto, gameshows, are taxable income in the US.

[The Investor]

what if you have written the best computer program for sports wagering... i have done just that... over the coming months, ill be moving to doing this full-time...

it is all done with a program............ emotion, greed, none of that matters, you simply wager on the selected games each day and forget it...


Falcon

[greva]

what if you have written the best computer program for sports wagering... i have done just that... over the coming months, ill be moving to doing this full-time... it is all done with a program............ emotion, greed, none of that matters, you simply wager on the selected games each day and forget it... Falcon

Well..

[brumbies]

what if you have written the best computer program for sports wagering... i have done just that... over the coming months, ill be moving to doing this full-time... it is all done with a program............ emotion, greed, none of that matters, you simply wager on the selected games each day and forget it... Falcon

why is this in the tank? take your shilling to the sports promotions sub-forum. noone with a brain is buying your bullshit.

[colchonero10]

so much about systems and models and 8900 pages of information to study each day.

anyone just NOT do this and go with their gut because they know all about a sport? mostly talking about soccer, because someone who's watched the sport their whole lives would know about the flow of a match and about the teams. NFL/NBA/CFB is 30 to 100 teams, impossible to follow all the teams all the time, thats where you get THIS ISNT EASY IT'S A 24/7 JOB from.

What if all I did on the weekends was watch EPL/Liga/Bundesliga/MLS and bet accordingly after studying a few things? Not so hard. I think people complicate themselves here.

[That Foreign Guy]

Wait, it's impossible to follow 30 NFL teams but you can keep on top of EPL / La Liga / Bundesliga / MLS? Does not compute.

[truebluebear]

so much about systems and models and 8900 pages of information to study each day.

anyone just NOT do this and go with their gut because they know all about a sport? mostly talking about soccer, because someone who's watched the sport their whole lives would know about the flow of a match and about the teams. NFL/NBA/CFB is 30 to 100 teams, impossible to follow all the teams all the time, thats where you get THIS ISNT EASY IT'S A 24/7 JOB from.

What if all I did on the weekends was watch EPL/Liga/Bundesliga/MLS and bet accordingly after studying a few things? Not so hard. I think people complicate themselves here.

I know where your coming from Col , I only bet Horses and Football (soccer ) and being in Scotland you are correct to say after 40 odd years I dont have to study much on UK / Western Euro main leagues football , but the smaller leagues around the world and horseracing definitely takes up time on form / stats etc , Knowing teams in UK is great advantage yes m8 , but hey I luv the kick I get if I unearth a nice winner from 30 mins of input , dont you bud ? !!!!!!!!!!!!!!!!!!! Good Luck folks !!!!!!!

[hitman09]

I got two local book and two online books, of course, local books don't get tax and their limit is about high 2k max. I think that would be enough b/c I rarely bet that much for a game.

[suicidekings]

what if you have written the best computer program for sports wagering... i have done just that... over the coming months, ill be moving to doing this full-time... it is all done with a program............ emotion, greed, none of that matters, you simply wager on the selected games each day and forget it...

Falcon

Because no computer model ever breaks down... I agree in principle with the professional mindset of not getting emotionally invested in the win/loss streaks, but if you think that you've found the goose that laid the golden egg in a computer model, you're in for a rough surprise. It's just not that simple.

[colchonero10]

Wait, it's impossible to follow 30 NFL teams but you can keep on top of EPL / La Liga / Bundesliga / MLS? Does not compute.

probably cause NFL is a load of nonsense

[mojomaker11]

Not a living I would want to try and make.

[Daveyboy]

probably cause NFL is a load of nonsense

No way, NFL is great for betting

[That Foreign Guy]

Wait, it's impossible to follow 30 NFL teams but you can keep on top of EPL / La Liga / Bundesliga / MLS? Does not compute.

probably cause NFL is a load of nonsense

NFL is possibly my most profitable sport and I'm a stinky euro commie who watches less than one game a week and sometimes reads headlines on NFL.com when checking my fantasy football team. It has lots of numbers and I love numbers.

[Pokerjoe]

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

Needs more love.

[solring]

I'm a stinky euro commie who watches less than one game a week

People actually watch the games/sports that they're betting on?

[truebluebear]

People actually watch the games/sports that they're betting on?

yup most folk do , How Bizzare huh ????????

Good Luck bookie bashers !!!!!!!!!!!!!!

[That Foreign Guy]

yup most folk do , How Bizzare huh ???????? Good Luck bookie bashers !!!!!!!!!!!!!!

Most folks also lose

[truebluebear]

Most folks also lose

- Sorry "Foreign Guy" fail to see the significance of someone watching sport on TV and folk that lose , enlighten me bud ???????? . Good luck guys !!!!!

[That Foreign Guy]

I had two and a half points

1) Just because most people do something that doesn't mean it's a good idea
2) Watching a game is less important than people believe
2.5) If most people watch and lose, and I don't watch, clearly I don't lose.

[truebluebear]

Your obviously too clever for me by HALF !!!!!!! good luck with that bud ! (help can be attained at www.stoptalkinmince.com )

[Peregrine Stoop]

- Sorry "Foreign Guy" fail to see the significance of someone watching sport on TV and folk that lose , enlighten me bud ???????? . Good luck guys !!!!!

people watching games usually have an illusion of control
they somehow think that the angles their one eyes see will be able to beat the combined wisdom and watching hours of millions that hammer the line into place

whatever you've seen is almost always incorporated into the line plus X number of additional things seen by everyone else. People watching with our human brains, which evolved in simpler establishing patterns to live times, end up over-laying what they think are unique patterns to give themselves what they perceive of as an edge.

My best results are in sports I never watch and hardly understand even.

[roasthawg]

do your homework and put whatever 1/2 kelly or 1/3 kelly tells you to put behind one bet

I've been rolling with 1/4 kelly lately... barring the season ending on a big winning or losing streak then it keeps me very close to 1/2 kelly overall with less highs and lows.

[deeznutz420]

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

Sweet! I home everything works out for you.