Betting 4 A Living

**TTA_President** · 06-26-11, 08:53 AM

I would love to make 800 a month gambling. I just get caught up in the sucker bets

**bettorjon** · 06-26-11, 06:43 PM

Originally posted by truebluebear

Luv it !!!!!! Reverse psychology !!!!!!!!!!!!!! if all else fails why not ?

youve got to think of ways on how to make profit because at the end of the day, its your money and not their's that is being risked.

people are just stupid enough to tail some service plays even if they know that they lose more than they win.

maybe its all about the gambler's fallacy in which punters think that if "x" doesnt happen, then its due to happen.

**wiffle** · 06-26-11, 07:29 PM

exile these fools from htt

**illfuuptn** · 06-27-11, 01:43 AM

Just my 2 cents- You need a 100k or greater betting-only bankroll in order to begin your "rookie year" of sports betting.

**bettorjon** · 06-27-11, 08:37 AM

Originally posted by illfuuptn

Just my 2 cents- You need a 100k or greater betting-only bankroll in order to begin your "rookie year" of sports betting.

uhmmm..what is the reason why a lot of you guys think that 100k is necessary? cant you begin and be profitable even if you only have 1k to start with?

**donjuan** · 06-27-11, 10:15 AM

Originally posted by bettorjon

uhmmm..what is the reason why a lot of you guys think that 100k is necessary? cant you begin and be profitable even if you only have 1k to start with?

Read the thread title. Then stop speculating on how to gamble for a living and let people comment who actually do.

**JustinBieber** · 06-27-11, 10:22 AM

Originally posted by bettorjon

uhmmm..what is the reason why a lot of you guys think that 100k is necessary? cant you begin and be profitable even if you only have 1k to start with?

You're missing the point. You could be profitable with $10 but the title of the thread is "betting for a living" which is why 100k has been suggested many times.

**iGotWinners** · 06-27-11, 11:00 AM

Originally posted by illfuuptn

Just my 2 cents- You need a 100k or greater betting-only bankroll in order to begin your "rookie year" of sports betting.

If you had a 100k, then you mind as well invest in the stock market and other investments, and not just sports gambling/investing or whatever you want to call it. If you're a really good handicapper and you can sell your picks for money, then betting 4 a living would be good for awhile, but after you have successfully made enough money, then it's probably best to get a career with less risk than trying to bet 4 a living.

Warren Buffett's two rules of investing is:

Rule #1. is "Don't lose money."
Rule #2. is "Don't forget Rule #1."

LOL, I think that's as simple and clear as it gets, if not then read up on the net and books. That's my opinion, and I'm just trying to help, and BOL!

"Despite the huge number of people who try their hand, very few manage to win in the long term at this endeavor."

**Sawyer** · 06-27-11, 12:36 PM

Originally posted by JustinBieber

You're missing the point. You could be profitable with $10 but the title of the thread is "betting for a living" which is why 100k has been suggested many times.

100k would be good but it's not essential. You can make a nice living even with a 20-30k bankroll but 50k is more safe. I'm talking as Euro btw, convert it to dollar, lol.

**blinky88** · 06-28-11, 01:26 AM

100 k is enoughIMO>>>>>>>>>>>>>

bw · 06-28-11, 04:16 AM

100 k not essential?
Perhaps for you, not for me!

**That Foreign Guy** · 06-28-11, 04:19 AM

If you have 10k you just need to turn it over a lot more frequently and or have a higher ROI.

**chunk** · 06-28-11, 11:52 AM

Bankroll depends on many variables to make an informed decision on what the initial size should be. Start with your goals. Are you satisfied with enough return to just subsidize what you already have or are you looking for a primary income stream? Then you need to determine volume of plays, risk tolerance, and most importantly, your confidence level of your business model. Everyone's situation is different. We must perform a financial analysis as we would for any investment.

**bettorjon** · 06-28-11, 12:45 PM

Originally posted by donjuan

Read the thread title. Then stop speculating on how to gamble for a living and let people comment who actually do.

if you think that you cant be profitable starting with just 10k, then youre a stupid gambler. 100k is not necessary. just set your target profit each day.

lets be conservative and assume that you can win $200 per day. that would be $6000 in one month. cant you make a living out of $6000?

now tell me cant you make $200 per day out of your $10k?

why need 100k???????? i guess youre losing a lot of your bets thats why you cant get my point

**wiffle** · 06-28-11, 12:58 PM

Originally posted by bettorjon

if you think that you cant be profitable starting with just 10k, then youre a stupid gambler. 100k is not necessary. just set your target profit each day.

lets be conservative and assume that you can win $200 per day. that would be $6000 in one month. cant you make a living out of $6000?

now tell me cant you make $200 per day out of your $10k?

why need 100k???????? i guess youre losing a lot of your bets thats why you cant get my point

pics of yacht or gtfo

2% increase a day, lulz

**donjuan** · 06-28-11, 01:33 PM

Originally posted by bettorjon

if you think that you cant be profitable starting with just 10k, then youre a stupid gambler. 100k is not necessary. just set your target profit each day.

lets be conservative and assume that you can win $200 per day. that would be $6000 in one month. cant you make a living out of $6000?

now tell me cant you make $200 per day out of your $10k?

why need 100k???????? i guess youre losing a lot of your bets thats why you cant get my point

It's pretty clear you don't do this for a living so GTFO of the thread.

**bettorjon** · 06-28-11, 01:40 PM

Originally posted by donjuan

It's pretty clear you don't do this for a living so GTFO of the thread.

no you GTFO. do you have 100k as your bankroll? now how much do you got hotshot?

youre stupid in money monagement for sure. 100k???? says who??? LOL

**bettorjon** · 06-28-11, 01:45 PM

Originally posted by wiffle

pics of yacht or gtfo

2% increase a day, lulz

as far as i know, i only have 3 girls in my avatar

cant you make $200 per day???

takes a lot of hard work to earn it though

**jgilmartin** · 06-28-11, 02:15 PM

Originally posted by bettorjon

youre stupid in money monagement for sure.

Aren't you the guy who was promoting Martingale in a thread a couple of months back?

**Thremp** · 06-28-11, 04:52 PM

Originally posted by bettorjon

no you GTFO. do you have 100k as your bankroll? now how much do you got hotshot?

youre stupid in money monagement for sure. 100k???? says who??? LOL

You're clearly misled on the internet to try to impress people with knowledge you lack, but your core point is correct. 100k is not needed to start gambling.

If you wanna measure e-peens, I think I had 100k BR within 18 months of my start with online gambling. lol path dependent.

**bettorjon** · 06-28-11, 06:09 PM

Originally posted by jgilmartin

Aren't you the guy who was promoting Martingale in a thread a couple of months back?

not promoting but been using the M system together with a stretegic plan on how to distribute my wagers.

been using that M system for 6 years now and im still kicking. punters who doesnt believe that the system work would believe that 100k is necessary to make a living out of betting. i know for fact that 10k or less is all that you need.

**bettorjon** · 06-28-11, 06:14 PM

Originally posted by Thremp

You're clearly misled on the internet to try to impress people with knowledge you lack, but your core point is correct. 100k is not needed to start gambling.

If you wanna measure e-peens, I think I had 100k BR within 18 months of my start with online gambling. lol path dependent.

not trying to impress anyone. i just dont want readers to think that they need 100k to make a living out of betting. what if a punter can only risk 10k per year, so he it would take him 10 years to get himself out of the corporate world?

cant you make $200/day with numerous games that are being played every single day?

**Sawyer** · 06-28-11, 06:50 PM

This thread becomes garbage.

**donjuan** · 06-28-11, 06:57 PM

Originally posted by bettorjon

no you GTFO. do you have 100k as your bankroll? now how much do you got hotshot?

youre stupid in money monagement for sure. 100k???? says who??? LOL

Yes, lol. You may not need 100k but saying it's perfectly fine to bet sports for a living on a 10k bankroll is hilariously bad advice. But let's play a fun game. How much of that 10k would you be wagering per day and how many wagers?

**truebluebear** · 06-29-11, 06:31 AM

I'll settle for a + sign in the balance box at end of each month ( managed that for last 6 months ) and the I'm finding real benefit simply from the money I've stopped losing on a regular basis , one step at a time eh ? good luck guys !!!!!!!!!!!!!!!!!!!!

**Thremp** · 06-29-11, 06:41 AM

Originally posted by bettorjon

not trying to impress anyone. i just dont want readers to think that they need 100k to make a living out of betting. what if a punter can only risk 10k per year, so he it would take him 10 years to get himself out of the corporate world? cant you make $200/day with numerous games that are being played every single day?

wtf is this?

**pedro803** · 06-29-11, 07:50 AM

this thread reminds me of that Huey Lewis song "I'm takin' what they givin' cause I'm bettin' fo' a'livin'"

**Inspirited** · 06-29-11, 03:57 PM

Originally posted by Sawyer

This thread becomes garbage.

This thread was already garbage, but I still like it.

**bettorjon** · 06-29-11, 08:00 PM

Originally posted by Thremp

wtf is this?

cant you read?

**bettorjon** · 06-29-11, 08:01 PM

Originally posted by Sawyer

This thread becomes garbage.

just like your nba totals thread and shitty record? where you claimed you hit close to 60%??

**bettorjon** · 06-29-11, 08:08 PM

oh well, if you think that it takes a 100k bankroll to start betting for a living then so be it. i'll stick with 10k coz at the end of the day the profit that we earn is more important than whatever starting bankroll we have.

if you think that $200/day is not possible then i'll leave you with that. i cant share how i approach the game of betting. im no fool in doing that.

peace out especially to all haters

**wiffle** · 06-29-11, 10:20 PM

Originally posted by bettorjon

oh well, if you think that it takes a 100k bankroll to start betting for a living then so be it. i'll stick with 10k coz at the end of the day the profit that we earn is more important than whatever starting bankroll we have.

if you think that $200/day is not possible then i'll leave you with that. i cant share how i approach the game of betting. im no fool in doing that.

peace out especially to all haters

lol, the posters you are talking to (thremp and donjuan) are way past starting to bet for a living

good luck with your martingaling, tho

**vividjohn45** · 06-29-11, 11:25 PM

a guy needs 100 bucks a day to live on. in vegas. unless u are a professional sports bettor riding the bus. jogging to the casino.

or motor scottering to the book.

if you live in america how can u be professional without living in vegas.? the internet? and the feds/? if you are a pro why don't you move to another country. if no like vegas

**truebluebear** · 06-30-11, 05:00 AM

Originally posted by vividjohn45

a guy needs 100 bucks a day to live on. in vegas. unless u are a professional sports bettor riding the bus. jogging to the casino.

or motor scottering to the book.

if you live in america how can u be professional without living in vegas.? the internet? and the feds/? if you are a pro why don't you move to another country. if no like vegas

Yes Vivid I was wondering how the American gambler outside of the Gaming City's manages his business because in these "Free" sites i keep seeing folk who have to wait days on end for cheques when they win and have heard many complain about not being payed out atall , not questioning anyones integrity here as I'm sure there must be some way round the Gambling laws of many States but I feel sorry for the "ordinary " American punter who just wants to enjoy a bet on his fav team . BOL men !!!!!!!!!!!!!!

**statnerds** · 06-30-11, 05:32 AM

Regardless of your approach or your claims, any long term player is going to see an edge in the single digits, and if they are lucky it will be on the good side of 0.

And if you do not understand the books built in edge and how much it is on an average -110 straight bet, you might be in trouble.

Sorry if I am repeating anything already written, but 7 pages is a lot of words.

Variance.