Is there anyone who makes money with betting?

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  • sportabc
    SBR Rookie
    • 07-20-14
    • 8

    #1
    Is there anyone who makes money with betting?
    How much do you make?
    Do you bet on your own tips or buy it?
  • z-doggie
    SBR MVP
    • 01-09-14
    • 1014

    #2
    good question....

    most gamblers loose....

    gold says never pay a tout....
    Comment
    • sbavi
      SBR Hustler
      • 05-09-13
      • 99

      #3
      Sports betting is my main source of income and it also helps that in my country 1000$ per month is considered a very good income.Most of my profits come from live wagering on Football(aka Soccer) and Cricket.

      Trading on Betfair is a boon for me.
      Comment
      • BatemanPatrickl
        SBR Posting Legend
        • 06-21-07
        • 18772

        #4
        Originally posted by z-doggie
        good question....

        most gamblers loose....

        gold says never pay a tout....
        Very few have the bankroll, knowledge and patience to do this for a living. There is a reason Vegas exists.
        Comment
        • Dollars2Donuts
          SBR Hall of Famer
          • 02-07-13
          • 8803

          #5
          I have had thoughts of 'one day this could be my only income', but the problem is that a lot of winners (who are VeRY rare) don't continue to grow their bankrollt to a point where they can bet big enough. I used $5k last year to put down on a car, $10k to use as part of my down payment on my home, plus took money out for two vacations. The problem is that you cannot continue to increase your bet size if you are making withdrawals.

          I bet high volume and generally hit a decent percentage, with only two losing months in my last 17 months of active betting, but I would need to continue to hit at my current trend, but my bet-size would have to be an average of $500 per unit to have an income of $150k per year.....and if I can't make more than that, no reason to quit my job.

          That being said I am on pace to win $20k this year which will be roughly the same as last year.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            Good job dollar

            Look at my spreadsheet in the answer is right there

            Very hard to do it if you live in the USA other then Las Vegas
            Comment
            • daneblazer
              BARRELED IN @ SBR!
              • 09-14-08
              • 27861

              #7
              Yea, they're called bookies
              Comment
              • sportabc
                SBR Rookie
                • 07-20-14
                • 8

                #8
                ok guys. keep it up.
                Comment
                • Big Bear
                  SBR Aristocracy
                  • 11-01-11
                  • 43253

                  #9
                  Originally posted by sportabc
                  How much do you make?
                  Do you bet on your own tips or buy it?
                  stay in your lane pal.
                  Comment
                  • sportabc
                    SBR Rookie
                    • 07-20-14
                    • 8

                    #10
                    i bet you guys got some private messages
                    Comment
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388179

                      #11
                      Very very very few make money betting sports

                      Don't listen to what people tell you
                      Comment
                      • Dirty Sanchez
                        SBR Posting Legend
                        • 03-01-10
                        • 16031

                        #12
                        Originally posted by sportabc
                        How much do you make?
                        Do you bet on your own tips or buy it?
                        I do it just so I can score with the chicks
                        Comment
                        • lupe
                          SBR High Roller
                          • 09-29-09
                          • 190

                          #13
                          15 straight years making a profit. Mostly betting props. Banned from every gazette book. Ah the good ole days betting box office weekends, parlaying nhl games with grand salami, the betmaker software glitch back in the mid 1990s. Not as easy these days, but props beatable on bovada and betonline.
                          Comment
                          • jjgold
                            SBR Aristocracy
                            • 07-20-05
                            • 388179

                            #14
                            Iupe great work as that is hard to due

                            I know Fish it has one for 31 straight years
                            Comment
                            • mcdonae101
                              SBR MVP
                              • 03-02-14
                              • 3646

                              #15
                              Only been involved for 4 years, haven't had losing year yet
                              Comment
                              • phillybadboy
                                SBR Hall of Famer
                                • 12-11-09
                                • 9383

                                #16
                                down huge
                                Comment
                                • JohnGalt2341
                                  SBR Hall of Famer
                                  • 12-31-09
                                  • 9138

                                  #17
                                  Originally posted by lupe
                                  15 straight years making a profit. Mostly betting props. Banned from every gazette book. Ah the good ole days betting box office weekends, parlaying nhl games with grand salami, the betmaker software glitch back in the mid 1990s. Not as easy these days, but props beatable on bovada and betonline.
                                  How much does Bovada let you bet on Props?
                                  Comment
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