Originally <a href='http://www.sportsbookreview.com/forum/showthread.php?p=7467493'>posted</a> on 11/16/2010:

Quote Originally Posted by Sawyer View Post
We can't compare Wall Street and Sports Betting. You should have a much better yield in betting so you can't compare it with stock exchange.

%20 increase may sound amazing for a trader/broker but in sports betting, you can increase your bank %50-70 (maybe even higher) in a year if you have a good system, good money management skills and patience.

If you increase your bank by %10 every month, it makes x3.13.
But as I mentioned above, "month" is too short to make an evaluation. Try "Quarters".

And if you make %2 per month, it's not a big succes in my book. How much you bet per game, %0.01? LoL.

Wall Street investing can be much more profitable than sports betting. AAPL has gone from 80 to 300 in the last couple of years, LVS from 2 to 50, AMZN from 40 to 160, and so on.

It really is mostly about bankroll. And there is obviously a difference between building a bankroll (as priority) and living off a bankroll. How much do you need to live off each month? If you bet 1% per game with a 200K BR, you need to win 2 or 3 units per month to end up with 4K or 6K; enough for most people to live off.

Sports betting has its place, but there are easier and faster ways to build a bankroll. The steep numbers of BR growth you named (10% per month) are not realistic over the long term in sports betting. Right now, as mentioned earlier, the opportunity is in real estate. It only takes a little bit of smart investing (infinitely less than in sports betting) to have a house increase in value over a few years. In the US selling a house for 50 or 100K profit is not really a big deal. A part of that profit you can use for down payment on the next house and the rest goes to your BR.

So, if it's about lifestyle, I think it's a mistake to only rely on sports betting to build your BR. From the few that succeed in doing so, many become slaves to the process (there's a reason most of the math geniuses in here are sour and unhappy). Think about it. Sports betting is a highly specialized skill. But, I don't care who you are, everybody in the US should be able to buy and sell a few houses during their lifetime; provided they educate themselves on the process. One method is hard, the other is easy. Why take only the hard way, and fool yourself into thinking it's real easy...? (if you want it to be easy, you need the BR first).

Everybody always mentions Billy Walters as the head of the class. Do you think sports betting is his only means of income? The guy owns a golf course.