Is sports betting worth it? Can it make you rich?

[arie1985]

If you take for example Daily25.com - this Aussie guy has been betting for 3,073 days so far (almost 8.5 years), and managed to make (according to his unproven claim) - a daily profit of $135 AUD ($99 USD per day).

His website for 8+ years says "Follow my adventures as I try and make $250 a day from Sports betting", but he never reached $250 AUD with his sports betting.

Now, I am not saying $3,000/month is bad, but if he had invested his money in one single piece of real estate 8 years ago - he would have made much more than $3k/month and also would have had a higher equity as the real estate price would have gone up in value.

Not only that, but he also mentioned in his blog that he sometimes had too much pressure from doing this, and he is selling his picks, which definitely seems like a better source of income than relying on picks to make money.

So here you go,

Making money from sports betting in the very long term (8+ years) is possible, but is it worth all the mindset effects, pressure, and side effects that come from it?

Wouldn't it be better to simply invest in real estate, pay your debt to cover the RE price and then make money from renting it out?

[danwinkler]

Read bettingresource's money management. Thank me later.

[kidcudi92]

Rich beyond your wildest dreams

[danshan11]

Sports betting requires a few things to do it to make real money
assume 1% edge overall so you need
say you want to make $200 a day you need $20,000 grand bet a day assume you can do say 20 bets a day that is $1000 per bet which in theory means you need a bankroll of $100,000 to get started to make $200 per day.

so now you need $100,000 reserves, 20 1% edge bets a day, and enough places that are willing to take your bets and give you a free 1% because they are nice. all this to make $200 a day

[TheMetsSuck]

It's possible to get rich in the short run on a nice parlay or going on a heater. In the long run under 1% (that might be generous) can stay disciplined enough and make a profit on a yearly basis. Even the best cappers go on cold streaks. If you had to rely on gambling as your sole income the stress would be nauseating. I'm in commercial real estate and the statement why not just invest in real estate instead is kind of funny. Most don't have enough money to put down enough or get the financing / how do you know it will be a good investment in 8 years? How do you know you will consistently have your property leased out and not just be sitting on a vacant property that you are losing money on? Lots of variables. Though if you can i'd recommend investing in some net lease properties and just sitting back and relaxing. No headache just get your check on the 1st of every month with no management required.

[jjgold]

Lol

It will
Make you broke And wanting to put a bullet in your head

[clockwise1965]

Low volume of games. Pick small favorites and plus juice dogs. Use extreme discipline in your money management.

I personally use Sportsbettorswin to ad in my betting. Sports services are for everyone but they work for me.

You can make money long term.

Good luck.

[2daBank]

It’s for entertainment, shouldn’t be any more of your budget than that. Sometimes I get extra money to spend on things cause of it, other times I gotta stay home cause I spent my allotted entertainment monies on it. No biggie. If you doing it cause you think it gonna make ya rich you have a unpleasant awakening coming!!

[arie1985]

Though if you can i'd recommend investing in some net lease properties and just sitting back and relaxing. No headache just get your check on the 1st of every month with no management required.

That's a very good tip, definitely worth doing it if you can.

If you doing it cause you think it gonna make ya rich you have a unpleasant awakening coming!!

Well said.

[jjgold]

Can’t win guys

Bet what you can afford to lose

Juice to hard to overcome

[TommieGunshot]

If it wasn't worth it, I wouldn't be doing it. It won't make me rich, but there are some guys who do get rich from it. I find it a lot more profitable than the other hobbies I have

[lonegambler23]

lol u fell right into the touts trap

[gauchojake]

Look up "bettingresource money management" on google. Thank me later.

oh ok

[pilebuck13]

Lol

It will
Make you broke And wanting to put a bullet in your head

JJ gold always with the truth. Guys in here thinking they got it dicked for last 20’years best way to make money with gambling? Become a bookie

[thechaoz]

No.

[vividjohn45]

Use your knowledge of sports betting to also play fantasy sports. Tonite I had nfl Philly -6. Then on Draftkings I played their nfl showdown. I focused on Philly. (Wentz as my captain 1.5*, their kicker, and their defense) Out of 95k peeps I placed 1200. Which is a payback of 5x plus original card price, in nhl, I also played Draftkings showdown and out of 495 peeps I placed 10th which is a 6x payback plus price of card. On that one I focused on Dallas and had their winning keeper. Two of my players also scored a goal each,. ((So in a 4-1 game, 2 goals and a winning keeper can place you top 10, 6* winnings + card payback. I hope this helps a bit. It will take you several years to get better at fantasy, but that's what we are here for anyway.

[pilebuck13]

Lol so many guys will not just shoot you straight and say they have consistently lost their ass for years

[Sam Odom]

... NO

[nyplayer33]

Never going to beat the number

[Sam Odom]

Only way to make $$$ in sports betting is to take the 'gamble' out of it...

Aint sure it can be done these days

[bonzaii]

You are what you think. If you have a loser's mentality, than you'll be a loser.

[eidolon]

Rich? no.
A little bit of profit while losing all your hair? yes.

[Debacleov]

Yes its possible

[arie1985]

If it wasn't worth it, I wouldn't be doing it. It won't make me rich, but there are some guys who do get rich from it. I find it a lot more profitable than the other hobbies I have

How much are you making from it every month? Care to be honest and say you never had losing months from this "hobby" of yours? How much do you bet each game?

[arie1985]

JJ gold always with the truth. Guys in here thinking they got it dicked for last 20’years best way to make money with gambling? Become a bookie

I totally agree with you, the house always wins, and Tommie here said he makes money from it, just wondering if what he says has any sense of credibility.

[Watergate]

You are what you think. If you have a loser's mentality, than you'll be a loser.

I agree.

[Watergate]

Low volume of games. Pick small favorites and plus juice dogs. Use extreme discipline in your money management.

I personally use Sportsbettorswin to ad in my betting. Sports services are for everyone but they work for me.

You can make money long term.

Good luck.

Betting a couple games a day is pretty boring. I just like to gamble too much I guess.

[pretentiousGuy]

lol at buying picks. Good penetrating joke, clockwise.

~$100 a day after 8 years of trying to win... yikes. Better than losing money, I suppose.

Edit: He went tout. Of course he has.

[jjgold]

lol get rich from it

Now I heard it all

[TommieGunshot]

How much are you making from it every month? Care to be honest and say you never had losing months from this "hobby" of yours? How much do you bet each game?

About +$8,000 on account betting since start of baseball 2017 on about 1/4 million in action. Mostly $25 to $50 correlated parlays or $100 to $300 straight. Over the counter is about +$3000 in 2018, on a lot less action. Mostly $100 round-robin parlays at both reduced juice and off-market price (the $100 is the limit before needing a supervisor to review).

Betting parlays there are plenty of losing months

[jjgold]

Tommy you can’t be serious?!

[Sam Odom]

JJ , you may need to launch an Investigation into Tommie

[arie1985]

About +$8,000 on account betting since start of baseball 2017 on about 1/4 million in action. Mostly $25 to $50 correlated parlays or $100 to $300 straight. Over the counter is about +$3000 in 2018, on a lot less action. Mostly $100 round-robin parlays at both reduced juice and off-market price (the $100 is the limit before needing a supervisor to review).

Betting parlays there are plenty of losing months

Thanks for your honesty.
Well, this just proves the only real winner is the house then.

[Sam Odom]

Fishhead should comment

[Fishhead]

Do you think people pay DB $500 a month for shits and giggles!?