Professional Betting income?

[willyback]

What's the average salary of a professional bettor?

[sinkhole]

good question
maybe 1 or 2 millions??

[curinator]

What's the average salary of a professional bettor?

Why are these kind of questions asked in regards to professional gamblers? To classify something as a primary income, one must live off the money provided. This is like asking what the average salary of a professional stock trader is. I don't think your going to get a solid average nor answer for that matter.

To try and answer the question, you can figure the average a professional gambler wagers per game is $1,000. This seems to be a fairly modest amount considering bankrolls of professionals will be in the 6 digit range, but this seems to be fairly accurate considering matchbook's liquidity and due to all the other U.S. professional books generally having largely spread lines. Assuming it is very difficult to average much higher than 5% profit on turnover on the major sports leagues in the long run if you are a high volume trader (which most professionals are) you are going to make $50 on average per trade/wager and you figure 2,000 - 4,000 wagers are made per year (this is the amount of plays I average per year, but I do not quite wager $1000 per game nor is this my primary source of income), you have a ballpark figure of $100,000 to $200,000.

Obviously this figure is going to differ depending on amount of plays which is generally correlated to the profit on turnover as when plays are cut down to the highest confidence ones, profit on turnover will generally rise. Also this figure will change depending on the average wager amount. There are lots of professional traders who are more involved in other mainstream markets, with the sports market being only a fraction of their total income / time investment, myself included.

To sum it up, I'd imagine most individual professional players (not betting syndicates) will average around these numbers, that being wagering around $1,000 per game with a 5%+ profit on turnover and totaling a 4 digit amount of wagers per year. A salary of $1,000,000+ seems a bit extreme to me, but then again, maybe some professionals do average this. It's not out of the question, especially for players outside the U.S. , considering they have access to Pinnacle and Betfair, which I'd imagine has far more customers than Matchbook does, thereby improving liquidity a great deal. To each his own.

[LordVodka]

I'd like to know what the income is also. Is there anyone here that makes a living off it and can rake in $100,000 at least?

[durito]

there are many

[Betz]

I would say few. Just my opinion.

[20Four7]

I'd like to know what the income is also. Is there anyone here that makes a living off it and can rake in $100,000 at least?

The answer there is yes...... I know several pro's who make 100K a year..... Now what is a pro? if YOu make 50K a year are you a pro.... if you make 20 K a year while working some where else are you a pro?

[aggieshawn]

Pro betters ride a roller coaster in life. Just like bookies. It is very stressful. I just try to make enough to vacation well and not bet beyond my means. Problem for normal cappers that can't rebuild a huge capital quickly is that stress of working a small amount to an amount of good working capital. ie if your normal bet is $100. Trying to make $100 a day average profit. Then you need 10k in your account to bet free. But try betting $100 from a $500 account. One bad break ie Calgary choking to Edmonton in CFL kills. Then you have to overbet the Montreal game vs Winnipeg to get back on pace. I lose that game and I tapped out needed to regroup. the key is to be patient and bet in control on game with a angle.

[aggieshawn]

i have to get sleep and stop capping. that was the worst written post ever above.

[floridagolfer]

I would say few. Just my opinion.

Very few.

[the shadow]

syndication is the only way to go.
just like counting cards
i"ll bet that the people who make the lines,bet into their own lines!! free money

[Zelda]

Nobody knows, because peeps talk a lot but how would YOU know how much they really make?
It´s like the polite "i go to church every sunday" man who rapes a kid some years later, you cannot look into people and that´s why you cannot say that a "pro" doesn´t gamble all his money away after a bad losing streak.

My guess is that there are not so many pros who never make fatal mistakes.
Gambling isn´t a drug for nuthing. And most smart people here on this forum are prolly scalpers, me included. Because those are the smartest type of peeps who place bets.

[mubasher23]

hey whats going on guys,

Ive been gambling for a year now, I make around $300,000 a month. Its from a strategy I discovered and is working for me fine. If somebody wants to know about it, let me know. The more people that get on it, the more money we all can make.

[Rio DiNero]

hey whats going on guys,

Ive been gambling for a year now, I make around $300,000 a month. Its from a strategy I discovered and is working for me fine. If somebody wants to know about it, let me know. The more people that get on it, the more money we all can make.

Wow $300,000, that's amazing, good for you. I'd like a piece of that. You must know that Morrison guy or something. Let me know, I'd like to know your strategy. I'll be happy with $100,000 a month. I should be able to do that no problem, right?

[Sam Odom]

Depends. For a guy working a job he hates for 40K a year he would be happy making 60K gambling. For others, they may need 600K.

[sickler]

hey whats going on guys,

Ive been gambling for a year now, I make around $300,000 a month. Its from a strategy I discovered and is working for me fine. If somebody wants to know about it, let me know. The more people that get on it, the more money we all can make.

Piss off, scammer.

[007Fatty]

I make about 250k a year on average.. no biggie...
haha jk i wish!!

[SPECULATOR 13]

What's the average salary of a professional bettor?

It depends with how much you start with for a bankroll Willy,
when you look at the TOP pro-offshores BOOKS:
i red on SBR not to bother
Pinnacles,bookmaker,the greek and WSEX(before they whent sh.tty)unless you are betting a 5k(sides) minimum otherwise they will treat bad and charge you all sorts of cost.
So at a 5k side bet minimum IMO you would need a 50k bankroll minimum,
if for ex:you bet a entire NFL/NHL(minus play-off hockey)season and you
manage your money properly,you never go under -110,depending on much money you will be allowed to bet and if you are around the 58-60% mark,than 300k is VERY FEASIBLE(if not to be expected.)
I have red guys whom said 1 million plus is the mark and i do not disagree with them either.

To classify something as a primary income, one must live off the money provided.
you can figure the average a professional gambler wagers per game is $1,000. This seems to be a fairly modest amount considering bankrolls of professionals will be in the 6 digit range, but this seems to be fairly accurate considering matchbook's liquidity and due to all the other U.S. professional books generally having largely spread lines. Assuming it is very difficult to average much higher than 5% profit on turnover on the major sports leagues in the long run if you are a high volume trader (which most professionals are) you are going to make $50 on average per trade/wager and you figure 2,000 - 4,000 wagers are made per year (this is the amount of plays I average per year, but I do not quite wager $1000 per game nor is this my primary source of income), you have a ballpark figure of $100,000 to $200,000.
There are lots of professional traders who are more involved in other mainstream markets, with the sports market being only a fraction of their total income / time investment, myself included.
It's not out of the question, especially for players outside the U.S. , considering they have access to Pinnacle and Betfair, which I'd imagine has far more customers than Matchbook does, thereby improving liquidity a great deal. To each his own.

Well said curinator,
i believe with all the bullsh.t one as to go through in order to place a bet ,than get paid,not get cut and on top of that win on a regular basis while putting up with all sorts of unrelated aggravations coming from the industry ,market trading looks to me more and more as the way to go and to utilize sports betting as a mean to generate the income need it for some solid market speculation.I am at present time trying to figure how INTRADE works and if it they are a viable venue to help raise a proper bankroll for day trading.
-----------------------------------------------------------
Quote:
Originally Posted by mubasher23
hey whats going on guys,

Ive been gambling for a year now, I make around $300,000 a month. Its from a strategy I discovered and is working for me fine. If somebody wants to know about it, let me know. The more people that get on it, the more money we all can make.

Piss off, scammer.

[RealSlimShady]

There will be a VERY wide range of income. It's like asking what's the average income of a drug dealer or gang member. There will be some that rake in millions and many others that average minimum wage or even less.