Betting 4 A Living
Anyone here, or anyone know of someone who wagers on sports for a living? If so, how much time do you or they put into researching games? Thanks all. This is the best sports wagering chatroom out there.
Several players around here do it. It is all about finding different ways to earn money. Lot of players use everything they can to get it done. Handicapping and understanding the basic values for points is important, but in order to earn a living most also take advantage of any edge possible. That usually means taking a bonus whenever you can, find slow lines so can get good bets. Handicapping alone can be very tough, I have seen most of those players burn out eventually.
Very few can actually bet for a living. When people ask me if it's possible to make a living betting on sports I ask them how much they need to live.
Should you plan on supporting a family on gambling winnings? No. Are you one of those rare people that already have a big bankroll yet only require $1,500 a month to live? You may have a shot to make it.
Like Lakerfan said, line shopping is important...probably the most important thing.
I wonder how much time it will take for pags to burn out with his gut-feel-style handicapping.Originally Posted by lakerfan
Handicapping alone can be very tough, I have seen most of those players burn out eventually.
you need a big liquid bankroll to start out with. and alot of good info if you even want to attempt something like this.
even if all the above is going for you i believe it is necessary to have a steady income so you can keep gambling seperate and not be desperate for a win.we all go on losing streaks.this needs to be long term and hopefully your wins will average out more than your losses.what angers me most is when some handicapper tells you to bet more than you can afford to lose as even the most solid plays can lose with bad luck,etc.how many people purchase a season from a respected handicapper then by overbetting(greed) wipe out their bankroll or exceed their loss limit and cant stay around when the plays start winning again.only time scalping really works is baseball season and books arnt as generous with bonuses as they once were.
even if all the above is going for you i believe it is necessary to have a steady income so you can keep gambling seperate and not be desperate for a win.we all go on losing streaks.this needs to be long term and hopefully your wins will average out more than your losses.what angers me most is when some handicapper tells you to bet more than you can afford to lose as even the most solid plays can lose with bad luck,etc.how many people purchase a season from a respected handicapper then by overbetting(greed) wipe out their bankroll or exceed their loss limit and cant stay around when the plays start winning again.only time scalping really works is baseball season and books arnt as generous with bonuses as they once were.
Jumper I agree with you so much. Especially with
even the most solid plays can lose. You are a
genius bro!! VERY GOOD POST!! hey what is scalping??
can someone answer that? I think I know but tell me
more?
it's nights like these that would drive me crazy if I did this for a living...had Portland +11 (lost by 10)...USF +9 (lost by 9) and Boise St. +10 (lost by 11)...
jumper and IMG, You guys are right. you need side action to keep your bankroll very healthy at times, just in case you do go into a slump or something comes up unexpected. it's kind of hard to explain what i mean on a public forum though.
anyone here know any professionals who play a lot of parlays?
i don't know any real pros that play those things. parlays are virtualy sucker bets IMO
ganchrow beat me too it. I put this up at other places.
100 games $100 each
Perc Winners.. Wins Str.. Losses.. Wins Parl.. Losses
45% 45.. 55.. 9.1100.. 90.8900
50% 50.. 50.. 12.5000.. 87.5000
55% 55.. 45.. 16.6375.. 83.3625
60% 60.. 40.. 21.6000.. 78.4000
Straight -110 Wins Losses Profit/Loss ROI
45% $4,090.95 -$5,500.00 -$1,409.05 -14.09%
50% $4,545.50 -$5,000.00 -$454.50 -4.55%
55% $5,000.05 -$4,500.00 $500.05 5.00%
60% $5,454.60 -$4,000.00 $1,454.60 14.55%
Straight -105 Wins Losses Profit/Loss ROI
45% $4,285.90 -$5,500.00 -$1,214.10 -12.14%
50% $4,762.00 -$5,000.00 -$238.00 -2.38%
55% $5,238.20 -$4,500.00 $738.20 7.38%
60% $5,714.40 -$4,000.00 $1,714.40 17.14%
Parlay 6-1 Wins Losses Profit/Loss ROI
45% $5,466.00 -$9,089.00 -$3,623.00 -36.23%
50% $7,500.00 -$8,750.00 -$1,250.00 -12.50%
55% $9,982.50 -$8,336.25 $1,646.25 16.46%
60% $12,960.00 -$7,840.00 $5,120.00 51.20%
Parlay 6.5-1 Wins Losses Profit/Loss ROI
45% $5,921.50 -$9,089.00 -$3,167.50 -31.68%
50% $8,125.00 -$8,750.00 -$625.00 -6.25%
55% $10,814.38 -$8,336.25 $2,478.13 24.78%
60% $14,040.00 -$7,840.00 $6,200.00 62.00%
When you consider the fact that sportsbooks, who are getting +110 as opposed to -110, have the advatanage of setting the line, can see whihc way the sharp players are betting, can still lose money, how much more difficult is it for someone who is lay -110 to make money.
As lakerfan pointed out simple things like line shopping and bonuss can dramatically increase your bankroll.
for instance lets say you are right 60% of the time. IF you are laying -110 than for every $110 wagered you would expect to make $16. But now lets say that instead of -110 you can get -105, instead of making $16 you would make $18. The $2 may not sound like much but its 12.5% more than what you were making before. Or lets say instead of just getting -110, you also got a 20% bonus witha 5x roll. So with each 110 wagered you are basically earning $4 in bonus money, whihc means instead of making $16 you're now making $20 which is a 25% increase.
My personal opin on is, if you wnat to handicap, use your talents for the stock market. There is less luck involved
thanks ganchrow and raiders
