Lets say you make 300- $1100 bets a year, pros hit about 56%. This means you are losing 44% 44% of the 300 bets is 132 lost wagers at $1100 ($1000 plus the vig) or $145,200, you win $168,000 leaving you with $22,800 profit, you pay your taxes about 20% You are left with under 20k for that year after rolling $330k in bets, this profit # does not change if your betting 600- $550 bets or 3000- $110 bets. So best case scenario boys and girls unless you hit at a pro rate (56%) which 95% do not and unless you are betting $330,000 in wagers a year which 99.9% are not you are really making a pitance, even if you are doing both of these you are making under $20k a year if you pay your taxes and just over if you are trying to skate and not paying them. Key here is to be a middle class american you better be hitting 56% and betting $660,000 in roll a year to just make $45k, which is by no means living the high life.
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wow, good stuff here toper
I'm happy with my low stacks. I cash out $250 and I'm set for a monthComment -
some pros make 300 bets a month or bet 1k + ,
i'm not saying it is possible to make a living gambling on sports but your example has very little significanceComment -
Look here guy this is a point to prove the kiddies here they won't get rich or make a living betting you are referring to the .01% that have the means, dedication, and skill to achieve that so your statement has very little significance to the VAST majorityComment -
Lets just take the $1,000, get a deposit bonus and double it up 7 games in a row and fukk the taxes.. there is your 100k.
easy business. i recommend more to do thisComment -
Haha even if you did poker most would give it back anyways eventually. I do agree the only chance to make anything decent is to go on a short term run cash out big and leave the game forever take the money and open a fcking barber shop or rib joint or something.Comment -
if anyone here really thinks he could easily make a living betting sports your thread wont stop him
its sad but its the truth.
just look at that schmuck pvendittoComment -
Unfortunately, your probably right. I thought I would make it big but came to realize about year and half ago after some number crunching and realization the reality of it all. Its a good hobby and fun to play around with but the glitz and glamour is all a dream. Just putting the harsh reality of mathematics out there here.Comment -
If you are a winning bettor it is a good supplement to income. If you are a losing bettor hopefully you are getting equal amount of utility (via entertainment) dollar per dollar against your losses.Comment -
Originally posted by SamsNCharge99
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you cannot win at this game
sammy you do not win common nowComment -
very well put.Originally posted by Boner_18
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Boner said it best.Comment -
Indeed, boner knows whats going on. Too bad most don't get the entertainment per $ or supplement their income long term I sure didn't for a long time.Comment -
what if i bet my entire bankroll every bet and bet every single game and also have a 100% win rate, please compute my possible earnings 4 this yearComment -
Not possible to bet your entire bank roll every game and bet every game on the board because games occur at the same times so it is mute. If you want to be a wise ass at least do so in a clever manner.Comment -
I figured anyone with a genius level IQ like yourself would just make the assumption that I am betting the next available game after winning my previous bet.Originally posted by topgame85Comment -
Never said I was a genius, simply made a point, its ok keep dreaming you will make it big, I'm sure a guy with a witty handle like OmgUrMom has the money to roll a few million a year and hit like 85% year in and year out, you are the exception enjoy your fortune
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7000 bagillion.Originally posted by OmgUrMom
please post a link to your blog, I'd love to read it.Comment -
make a living no way! I am guessing a small percentage of pro's do... Bet small follow some money management rules...stay afloat and maybe up a little is possible for some...
Guys like Sammy {lazy college students)that lose all the time and just continue to reload with their parents check books will have to get a job very soon.Comment -
I never said that you said you were a genius. In fact I'm the one who said you are a genius. I'm sure someone who uses someones handle in an attempt to judge them, is a much more qualified bettor than myself. Lastly tk you and I will.Originally posted by topgame85Never said I was a genius, simply made a point, its ok keep dreaming you will make it big, I'm sure a guy with a witty handle like OmgUrMom has the money to roll a few million a year and hit like 85% year in and year out, you are the exception enjoy your fortune
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no blog at the moment, if i make one, which i may, i will send you a link.Originally posted by bruceBRUCEbruce7000 bagillion.
please post a link to your blog, I'd love to read it.Comment -
Most pros don't hit 56% - 53-54% is more realistic. Your average price is much less than -110 though, your average bet is much larger than 1k, and you have a lot more than 300 bets a year.Comment -
classic, Sammy must be down at least $20,000 lifetime.Originally posted by onthewhatComment -
I guess I am one of those "kiddies" you are talking about. Although I don't hope to make a living off of it, but supplementing my income with a couple extra grand a year would always be nice to say the very least.Originally posted by topgame85Comment -
you can not win betting -110Comment -
Originally posted by mdemps9190
No problem with that, but thinking you will be making $50 k a year + betting $200 a game is nuts and many think that when they start out, gold chains hot broads bottles of champagne and fancy cars are not realistic goals for almost all gamblers and certainly not someone betting a few hundred dollars a gameComment
