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

[7deuceoff$uit]

Safer than cocaine and heroine.

[BuckyOne]

To prove and document a 1% edge is quite a fete on a large volume of bets. To be able to identify and bet value constantly takes a tremendous amount of expertise and time. It takes a lot of money to run this show - at least a 100k sprinkled at 15 books or so. My opinion is you will need a much much higher edge to succeed. 1% is not much.

It is not a bottomless pit of money. Some sportsbooks will start to limit your bets to small numbers - some will just ask you to leave. You cannot just withdraw 10k a month every month without the sportsbook flinching. And you cannot just bet at one sportsbook and tag them for this kind of money - on top of that - you will not always be able to get value at just one book.

We are back to sports betting being for recreational players only. Players that are pros are not going to be allowed to take out huge gouges every month forever.

No, it is not possible to get rich on live betting. It is possible to win modest amounts. BTW, read the story about the Golden Goose again, LOL! Do not slaughter and butcher your good outs!

[pet2150]

To prove and document a 1% edge is quite a fete on a large volume of bets. To be able to identify and bet value constantly takes a tremendous amount of expertise and time. It takes a lot of money to run this show - at least a 100k sprinkled at 15 books or so. My opinion is you will need a much much higher edge to succeed. 1% is not much.

It is not a bottomless pit of money. Some sportsbooks will start to limit your bets to small numbers - some will just ask you to leave. You cannot just withdraw 10k a month every month without the sportsbook flinching. And you cannot just bet at one sportsbook and tag them for this kind of money - on top of that - you will not always be able to get value at just one book.

We are back to sports betting being for recreational players only. Players that are pros are not going to be allowed to take out huge gouges every month forever.

No, it is not possible to get rich on live betting. It is possible to win modest amounts. BTW, read the story about the Golden Goose again, LOL! Do not slaughter and butcher your good outs!

Well said and the fact is "rich" is a relative term. You can make money at the sports book long term. I doubt you will get rich.

[pet2150]

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

Nice work. Do you do all the research on your own?

[pet2150]

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.

You will go bust betting a ton of game . No doubt about it.

[pet2150]

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

Exactly..

[jjgold]

You will go bust betting a ton of game . No doubt about it.

one of biggest mistakes

secondly no such thing as handicapping and winning it does not work

[Sam Odom]

Fishhead should comment

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

[Frank Mills]

Better find a side hustle, like Bill

https://bit.ly/2UecJk1

[Frank Mills]

[jjgold]

Pretty good video
I think that guy is back

[GimpedMaster]

Depressing subject. My rental property has been far and away better to me than gambling.

Two different times I've taken a few bucks and tried to coast for a while between day job industries thinking I could make enough to pay the bills. I've had some great heaters but in the end my poor money management eats me alive. I can't stick to the text book recommendation you usually hear about 1% bets with strict bankroll management. I just can't stick with it, I guess as much as I love it, I'm not cut out for it long term.

[danshan11]

Depressing subject. My rental property has been far and away better to me than gambling.

Two different times I've taken a few bucks and tried to coast for a while between day job industries thinking I could make enough to pay the bills. I've had some great heaters but in the end my poor money management eats me alive. I can't stick to the text book recommendation you usually hear about 1% bets with strict bankroll management. I just can't stick with it, I guess as much as I love it, I'm not cut out for it long term.

that to me is just like the same idea of it was my fault because of blah blah, not discounting money management but to me the real thing is edge, do you really really have an edge. You better believe good books have an edge. They dont try and pick who is gonna win, they dont but they do get an edge with the juice and to me I think most of these guys that are good guys probably crushed it pre serious moneyball days on gut and lines were not that sharp but today that game is over, now it is all about the numbers, you can see it, its like the stock market now at 9am NY time the lines start hopping and just before game time is when the regular's come in. I have been taking bets and I will tell you with certainty the bets that come in at 9am CRUSH FLAT OUT CRUSH THE 5 minutes before kickoff bets. I 100% believe you can win long term gambling but I think the only way requires 2 things
1 you got to have an actual edge over the closing number (needs to pay 37 to 1 if the table has 36 squares). an edge on the closing number, yes I think a person could go through and know the jets will win 53% of the time FOR NOW but that line will change if they do and that edge is gone, so you cant pick winners you got to pick lines and beat the line, to me it is the only thing that KINDA makes sense other than booking.
2 you got to have a HUGE HUGE sample size (1000s of games to overcome any BS streaks, runs heaters, market adjustments (like NBA totals early this year))

but guys who think they can pull up oddsshark and see the browns won 4 straight and cover good on cloudy thursdays, they dont have an edge, they just dont, not in this day and time. that would be the same as me grabbing the yahoo finance page and saying oh look at the caps on FB stock and the candle says blah blah yeah I can guess better than the margin what that stock will do, come on get fricken real!

[jjgold]

Numbers game

Not a stats game


oddshark just a fraud site

[Sam Odom]

Numbers game

Mathy was one of the best

[SBR_Guest_Pro]

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?

why you on this site. go to real estate forums

[Booya711]

Yes...I’m rich

[jjgold]

Best of luck to you guys taking the shot

[Al Masters]

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

What bookmaker takes correlated parlays?

None that intend on staying in Buisness.

And if they do accept them why bet them
at 25-50 and straights at $300?

Can you lead me to the promised
land and tell me 1 bookie who will
accept the following 2 bets.

NBA Portland vs Detroit tonight.

Over 106 1st half
Over 220 for the game.

And if your bookie accepts open
and correlated parlays what are the
chances he will take this one.

Same game

Over106 1st half
Over 220 for the game
if I survive the 1st half
then

close out the parlay by betting
over in the 2nd half.

You saying you have a bookmaker
who will take these bets and pay.

Pretty please with a cherry on top
tell me who will accept both those parlays.

[Golden fleece]

Im changing my strategy to catching heaters and then try my luck in big poker tourneys

Grinding is too difficult because of what all the good posters already said here

[pavyracer]

The problem is books will cut your limits and bootyou if you win. They don't like winners.

[jjgold]

I know guys with Caddy's here and they said they won them from sports betting

[Itsamazing777]

Everyone gets buried eventually
Only when you do it recreationally for fun and extra money will you possibly succeed

[BuckyOne]

What bookmaker takes correlated parlays?

None that intend on staying in Buisness.

And if they do accept them why bet them
at 25-50 and straights at $300?

Can you lead me to the promised
land and tell me 1 bookie who will
accept the following 2 bets.

NBA Portland vs Detroit tonight.

Over 106 1st half
Over 220 for the game.

And if your bookie accepts open
and correlated parlays what are the
chances he will take this one.

Same game

Over106 1st half
Over 220 for the game
if I survive the 1st half
then

close out the parlay by betting
over in the 2nd half.

You saying you have a bookmaker
who will take these bets and pay.

Pretty please with a cherry on top
tell me who will accept both those parlays.

Do you mean Portland Versus Dallas? These two bets look exactly the same?

[Optional]

You can win if you want to turn it into a job.

The time effort and stress would probably earn most people a lot more put into an actual job though.

[Sam Odom]

I know guys with Caddy's here and they said they won them from sports betting

[jjgold]

Lol sammy

I met a guy tonight he put a diamond ring from sports gambling

[cincinnatikid513]

sports betting can humble u quick

[TommieGunshot]

What bookmaker takes correlated parlays?

Most all in Las Vegas, but usually only ones with much weaker correlations than what you are asking for. Weak correlation can still be enough to beat the juice sometimes. First half in college basketball is probably the easiest to find (so easy it might not be fair to the others who play this to be talking too much about it publicly). Home and under (or road and over) in baseball -- Home team wins and game is usually only 8.5 innings; might only effect 2% of games, but getting one extra win out of 50 bets could be enough to turn losing into winning. Some favorites and over in fights -- The more rounds the fight goes, the more chances for the better fighter to show why they're better.

Also, a few times whatever program they use doesn't flag everything. Late last year I was able to parlay the Browns to go winless prop and the money lines on the Browns games. That one was huge. Only need to make a max bet on something like that once per year to make an ok side income.

[pilebuck13]

that to me is just like the same idea of it was my fault because of blah blah, not discounting money management but to me the real thing is edge, do you really really have an edge. You better believe good books have an edge. They dont try and pick who is gonna win, they dont but they do get an edge with the juice and to me I think most of these guys that are good guys probably crushed it pre serious moneyball days on gut and lines were not that sharp but today that game is over, now it is all about the numbers, you can see it, its like the stock market now at 9am NY time the lines start hopping and just before game time is when the regular's come in. I have been taking bets and I will tell you with certainty the bets that come in at 9am CRUSH FLAT OUT CRUSH THE 5 minutes before kickoff bets. I 100% believe you can win long term gambling but I think the only way requires 2 things
1 you got to have an actual edge over the closing number (needs to pay 37 to 1 if the table has 36 squares). an edge on the closing number, yes I think a person could go through and know the jets will win 53% of the time FOR NOW but that line will change if they do and that edge is gone, so you cant pick winners you got to pick lines and beat the line, to me it is the only thing that KINDA makes sense other than booking.
2 you got to have a HUGE HUGE sample size (1000s of games to overcome any BS streaks, runs heaters, market adjustments (like NBA totals early this year))

but guys who think they can pull up oddsshark and see the browns won 4 straight and cover good on cloudy thursdays, they dont have an edge, they just dont, not in this day and time. that would be the same as me grabbing the yahoo finance page and saying oh look at the caps on FB stock and the candle says blah blah yeah I can guess better than the margin what that stock will do, come on get fricken real!

Post of the year.

[Optional]

What bookmaker takes correlated parlays?

There was a book called ParlayMakers years ago.

They pretty much allowed you to parlay anything Pinny offered at Pinny lines.

For a book called Parlay Makers, they sure stuffed up on how they let players make parlays.

Think it lasted about 6 months. Owner seemed like too nice a guy to run a book too.



I've got one book that let's me parlay motorsport head to heads with the same driver losing multiple legs. In a 3 legger, that guy wrecks early and you get at least 3x what you should have won. I pointed it out and they said it was fine. Asked them to double check with a manager, and got ok again. Blows me away they pay out on them still.

[Demonata]

The goal is make profit every day.

[pretentiousGuy]

The goal is make profit every day.

That's stupid and impossible.

[TheMoneyShot]

Could make you a lot of money with those -2 lines in college basketball last night. WTF were odds makers thinking?

-2 Oklahoma CHECK

-2 Florida CHECK

[Al Masters]

Do you mean Portland Versus Dallas? These two bets look exactly the same?

Well, they are unless you find a bookmaker
that takes correlated parlays.. then they are
way different.