Betting 4 A Living

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  • CHUBNUT
    SBR Sharp
    • 06-30-09
    • 321

    #351
    Originally posted by durito
    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.
    Comment
    • BillAccpetor
      SBR Wise Guy
      • 02-07-09
      • 790

      #352
      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.








      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..
      Comment
      • cranzter
        SBR High Roller
        • 04-07-11
        • 174

        #353
        Just make sure to do your home work, and don't put to much behind one bet.
        Comment
        • Peregrine Stoop
          SBR Wise Guy
          • 10-23-09
          • 869

          #354
          Originally posted by cranzter
          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
          Comment
          • Sawyer
            SBR Hall of Famer
            • 06-01-09
            • 7761

            #355
            kelly kamikae sucks. its for losers. dont use it u fux
            Comment
            • durito
              SBR Posting Legend
              • 07-03-06
              • 13173

              #356
              Originally posted by Sawyer
              kelly kamikae sucks. its for losers. dont use it u fux
              you couldn't be more stupid
              Comment
              • suicidekings
                SBR Hall of Famer
                • 03-23-09
                • 9962

                #357
                Originally posted by Sawyer
                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.
                Comment
                • MYFOOTBALLGAME
                  SBR Sharp
                  • 06-09-07
                  • 298

                  #358
                  Of course
                  Comment
                  • MYFOOTBALLGAME
                    SBR Sharp
                    • 06-09-07
                    • 298

                    #359
                    You must have a system that works and a good bankroll..Never bet on emotion look for value always
                    Comment
                    • brumbies
                      SBR MVP
                      • 02-21-09
                      • 1489

                      #360
                      Originally posted by Sawyer
                      kelly kamikae sucks. its for losers. dont use it u fux
                      how much you up lifetime?
                      Comment
                      • bettorjon
                        Restricted User
                        • 10-08-10
                        • 613

                        #361
                        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?
                        Comment
                        • truebluebear
                          SBR High Roller
                          • 04-29-11
                          • 174

                          #362
                          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 !!!!!!!
                          Comment
                          • Peregrine Stoop
                            SBR Wise Guy
                            • 10-23-09
                            • 869

                            #363
                            Originally posted by 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?
                            yes, gambling winnings, be it casino games, sports betting, lotto, gameshows, are taxable income in the US.
                            Comment
                            • The Investor
                              Restricted User
                              • 02-16-08
                              • 459

                              #364
                              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
                              Comment
                              • greva
                                SBR Sharp
                                • 03-01-10
                                • 487

                                #365
                                Originally posted by 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
                                Well..
                                Comment
                                • brumbies
                                  SBR MVP
                                  • 02-21-09
                                  • 1489

                                  #366
                                  Originally posted by 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
                                  why is this in the tank? take your shilling to the sports promotions sub-forum. noone with a brain is buying your bullshit.
                                  Comment
                                  • colchonero10
                                    SBR Hustler
                                    • 11-26-10
                                    • 66

                                    #367
                                    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.
                                    Comment
                                    • That Foreign Guy
                                      SBR Sharp
                                      • 07-18-10
                                      • 432

                                      #368
                                      Wait, it's impossible to follow 30 NFL teams but you can keep on top of EPL / La Liga / Bundesliga / MLS? Does not compute.
                                      Comment
                                      • truebluebear
                                        SBR High Roller
                                        • 04-29-11
                                        • 174

                                        #369
                                        Originally posted by 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.

                                        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 !!!!!!!
                                        Comment
                                        • hitman09
                                          SBR MVP
                                          • 01-25-11
                                          • 1157

                                          #370
                                          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.
                                          Comment
                                          • suicidekings
                                            SBR Hall of Famer
                                            • 03-23-09
                                            • 9962

                                            #371
                                            Originally posted by 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
                                            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.
                                            Comment
                                            • colchonero10
                                              SBR Hustler
                                              • 11-26-10
                                              • 66

                                              #372
                                              Originally posted by 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
                                              Comment
                                              • mojomaker11
                                                Restricted User
                                                • 01-05-09
                                                • 286

                                                #373
                                                Not a living I would want to try and make.
                                                Comment
                                                • Daveyboy
                                                  SBR MVP
                                                  • 05-12-10
                                                  • 1317

                                                  #374
                                                  Originally posted by colchonero10
                                                  probably cause NFL is a load of nonsense
                                                  No way, NFL is great for betting
                                                  Comment
                                                  • That Foreign Guy
                                                    SBR Sharp
                                                    • 07-18-10
                                                    • 432

                                                    #375
                                                    Originally posted by 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.
                                                    Originally posted by colchonero10
                                                    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.
                                                    Comment
                                                    • Pokerjoe
                                                      SBR Wise Guy
                                                      • 04-17-09
                                                      • 704

                                                      #376
                                                      Originally posted by 20Four7
                                                      Anyone who titles a thread "Betting 4 a living" isn't able to do it in my opinion.....
                                                      Needs more love.
                                                      Comment
                                                      • solring
                                                        SBR High Roller
                                                        • 11-04-09
                                                        • 171

                                                        #377
                                                        Originally posted by That Foreign Guy
                                                        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?
                                                        Comment
                                                        • truebluebear
                                                          SBR High Roller
                                                          • 04-29-11
                                                          • 174

                                                          #378
                                                          Originally posted by solring
                                                          People actually watch the games/sports that they're betting on?

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

                                                          Good Luck bookie bashers !!!!!!!!!!!!!!
                                                          Comment
                                                          • That Foreign Guy
                                                            SBR Sharp
                                                            • 07-18-10
                                                            • 432

                                                            #379
                                                            Originally posted by truebluebear
                                                            yup most folk do , How Bizzare huh ???????? Good Luck bookie bashers !!!!!!!!!!!!!!
                                                            Most folks also lose
                                                            Comment
                                                            • truebluebear
                                                              SBR High Roller
                                                              • 04-29-11
                                                              • 174

                                                              #380
                                                              Originally posted by That Foreign Guy
                                                              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 !!!!!
                                                              Comment
                                                              • That Foreign Guy
                                                                SBR Sharp
                                                                • 07-18-10
                                                                • 432

                                                                #381
                                                                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.
                                                                Comment
                                                                • truebluebear
                                                                  SBR High Roller
                                                                  • 04-29-11
                                                                  • 174

                                                                  #382
                                                                  Your obviously too clever for me by HALF !!!!!!! good luck with that bud ! (help can be attained at www.stoptalkinmince.com )
                                                                  Comment
                                                                  • Peregrine Stoop
                                                                    SBR Wise Guy
                                                                    • 10-23-09
                                                                    • 869

                                                                    #383
                                                                    Originally posted by truebluebear
                                                                    - 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.
                                                                    Comment
                                                                    • roasthawg
                                                                      SBR MVP
                                                                      • 11-09-07
                                                                      • 2990

                                                                      #384
                                                                      Originally posted by Peregrine Stoop
                                                                      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.
                                                                      Comment
                                                                      • deeznutz420
                                                                        SBR Rookie
                                                                        • 06-01-11
                                                                        • 13

                                                                        #385
                                                                        Originally posted by wiseguyplay
                                                                        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.

                                                                        Comment
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