Are there people actually making a steady income from sports betting?

[dieterketel]

What is sports betting to you? Is it just a sort of lottery where you take your chance or do most have a long term strategy which actually makes them a steady (extra) income?

[Ghenghis Kahn]

if you don't chase and have disciplined bankroll management, you can make decent money but it's a daily grind.

[tto827]

95% of the people who post here it's a losing proposition.

There's a select few who do it well long term I'm sure though.

[lunch]

I was awful when I started. Definitely a lifetime loser. Money management and not betting everyday helped a ton. You'll never get rich betting sports but you can still make 50$ on a sure thing here and there. You just can't trust guys so comfortable in life to play hard every night, they have $200 000 000 contracts locked up.

[Dollars2Donuts]

What is sports betting to you? Is it just a sort of lottery where you take your chance or do most have a long term strategy which actually makes them a steady (extra) income?

Lottery

if you don't chase and have disciplined bankroll management, you can make decent money but it's a daily grind.

95% of the people who post here it's a losing proposition.

There's a select few who do it well long term I'm sure though.

I think it is more like 99%....seriously. And that is on here. 99.9% of the general public.

[dieterketel]

Then why are you all wasting time and money on sports betting?

[Boner_18]

Entertainment. Is it really that hard to understand?

[Mikail]

Nobody at sbr is making money except those who book bets.

[dieterketel]

Entertainment. Is it really that hard to understand?

I understand. The reason I ask is that many do claim to make money out of sports betting with a long term strategy. If you look at their yield, it makes sense.

I posted the strategy I wanted to try out on the newbie forum, but here it is again:

I have been observing sports betting for a few weeks now. I'm no pro at this. Yet I look at this game quite rationally. Why would I bust myself in detecting good bets, when there are so many tippers with great yields and which share their bets for free?

Say I would have followed Jompy in the last 3 months and I placed $10 on each of his tips (76 bets > investment of $760), I would have made a profit of $183,39.

These where his yields for the last 3 months:

• October: 30,86% (26 bets > investment: $260) - Profit: $80,23
• November: 17,53% (36 bets > investment: $360) > Profit: $63,10
• December: 26,71% (15 bets > Investment: $150) > Profit: $40,06

I know that all tippers might have bad streak and can also have a negative yield every few months. But even if you calculate a few negative months and be consistent, you could easily end up with a profit of 10% tot 30% yearly.

If this strategy makes sense, why is not everyone doing it? If you have an average yield of 20% and have a budget of $10.000, you could easily make $2.000/month.

I only took the last 3 months as an example. Jompy has a trackrecords for years, which is pretty steady. But there are so many tippers with a reputation of years and a average yield of 20% to 30%.

Whats your 2 cents?

[Boner_18]

Find me a tipper with positive ROI after 500 picks or more. You can't do it.

[Easy-Rider 66]

"Play long enough the House takes you. Unless, when that perfect hand comes, you bet big- Then you take the House."

[daneblazer]

most referees are winning sports bettors

[jjgold]

Bet everyday and you get fukkin destroyed

It's proven

[dieterketel]

Find me a tipper with positive ROI after 500 picks or more. You can't do it.

Djompy & TerryTipster for one.

[MiDNiTe]

tennis is best sport to make money have been in profit for past 4 years straight

[Dollars2Donuts]

Lol, I was being funny.

Last year (all documented on SBR) I was:

Totals (111 documented days):

833-700 (54.33%)



+ $ 12,458.65


Play of the Day:

45-22 (67.16%)

+ $6452.93

And this year I am:

Total:

127-108

+ $1424


POD:

2-0

+ $300

There are others out there as well.....but I am no JJGold, I am not here for entertainment (although I do have a lot of fun). So yes, obviously it is possible, but you need to have sound decision making, good fundamentals, good bankroll management, and you cannot let it go to your head when you are doing well or crush you when you are doing poorly.

Others out there that do well are tatddy, sando, el nino, russian rocket.....and I am sure I am missing others.

D2D

[dieterketel]

Lol, I was being funny.

Last year (all documented on SBR) I was:

Totals (111 documented days):

833-700 (54.33%)



+ $ 12,458.65


Play of the Day:

45-22 (67.16%)

+ $6452.93

And this year I am:

Total:

127-108

+ $1424


POD:

2-0

+ $300

There are others out there as well.....but I am no JJGold, I am not here for entertainment (although I do have a lot of fun). So yes, obviously it is possible, but you need to have sound decision making, good fundamentals, good bankroll management, and you cannot let it go to your head when you are doing well or crush you when you are doing poorly.

Others out there that do well are tatddy, sando, el nino, russian rocket.....and I am sure I am missing others.

D2D

Nice. Congrats!

What's you average stake?

I'll be happy to follow your thread . I will check out the others as well.

[Dollars2Donuts]

Nice. Congrats!

What's you average stake?

I'll be happy to follow your thread . I will check out the others as well.

1 unit = $50, right now still building the rolls for this year. Last year I was betting $100 per unit. Standard plays are anywhere from 1-3 units. A huge play may be 5 units.

[wildcorndog]

Sports betting makes watching sports more exciting to me... I like it, but then again I have money to burn.

[dieterketel]

1 unit = $50, right now still building the rolls for this year. Last year I was betting $100 per unit. Standard plays are anywhere from 1-3 units. A huge play may be 5 units.

Thanks for the info. Do you also play combinations?

[Dollars2Donuts]

Thanks for the info. Do you also play combinations?

Occasional teasers, very rare parlays.

[etothep]

The ones who know which sport is their money maker & stick to that one without chasing in other sports b/c they just feel like betting

[byronbb]

Find me a tipper with positive ROI after 500 picks or more. You can't do it.

https://www.pickmonitor.com/handicappers

[dieterketel]

Hey Dollars2Donuts,

Another question: If I observe succesful tippers, they use so many different bookies. How many accounts does a pro usually have? Is it really worth it to open so many accounts? Or will one account with A+ bookmaker (Pinnacle or 5Dimes) do?