That make money year after year and is their sole income. No poker...just sports.
My guess would be about 1,000.
My guess would be about 1,000.
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Last year I cleared 350k just betting sports. All of us are winners here.Comment -
Dude 300,000,000 in us I bet there's a good
10,000 atlest makeing 40k or more bettingComment -
7 or 8Comment -
1-3% of the active wagering publicComment -
i would say between 10 and a 200 true professionals who make at least 50k per year and will consistently win over their life time.
Just a guess though.Comment -
3% is correct. However, in statistical terms it still works out you have more chance making it in this industry than you would if you were to own your own business, with only 1% of busines owners being able to run a profitable 'traditional' business year in, year out for the long term (>10yrs)....Originally posted by PAULYPOKER
Y ppl continue to think that traditional business is the way to go is beyond my grasp when statistically they have less chance of making it than what we do
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I know a lot of traditional business fail but you are saying only 1% of new businesses succeed? I have a hard time believing its this low...Where do you get your data?Originally posted by ACoochy3% is correct. However, in statistical terms it still works out you have more chance making it in this industry than you would if you were to own your own business, with only 1% of busines owners being able to run a profitable 'traditional' business year in, year out for the long term (>10yrs)....
Y ppl continue to think that traditional business is the way to go is beyond my grasp when statistically they have less chance of making it than what we doComment -
guess i am in that rare one percentile
which i think is not even close to being correct, i would have said over 30%Comment -
you need an operational definition first though. bet they are a lot here, if you count only source of income as sports gambling and not count illegal operations and government assistance checksComment -
Originally posted by ACoochy3% is correct. However, in statistical terms it still works out you have more chance making it in this industry than you would if you were to own your own business, with only 1% of busines owners being able to run a profitable 'traditional' business year in, year out for the long term (>10yrs)....
Y ppl continue to think that traditional business is the way to go is beyond my grasp when statistically they have less chance of making it than what we do
You also have to factor in that the majority of the wagering public is not trying to do this profesionally.Comment -
as sole income? not many, especially not on a forum like this one.
but there are many cappers that are successful and use it to generate supplemental incomeComment -
sole income needs a definition....sole income could be poverty level, or could be millions a yearComment -
First you have to define what you mean by gambling.
Just 'capping/modeling games and placing bets?
What about exchange traders, scalpers, middlers and arbers or those who combine bets with these things?
There would be many, many more in the second category than in the first, there are an estimated 4000 people who make a living only trading on BetFair. Obviously the climate is much easier for those that don't live in the US.Comment -
understatement of the dayOriginally posted by DunderComment -
depends on if you count US citizen bookies.
if you do, then there's quite a few.Comment -
%3? C'mon, let's be realistic. It should be less then %1 in my opinion. Majority of sports bettors are degenerate bettors or people who are playing for fun. Professional Sports Bettors (people who are making a living by sports betting) are very very rare.Comment -
That would not include a lot of people who are capable of doing so but get some money from other sources like poker thoughComment -
My understanding is that between 4 and 5 percent of accounts held are winning accounts (there will obviously be a variation between books). If you account for multi-accounting and bearding then it is fair to assume that less than 4% of sports bettors win on any sort of consistent basis.Originally posted by Sawyer
Of those, I can only guess but it would surely be a low proportion for whom winnings represent the primary source of income. As such, less than 1% would be a fairly safe bet.Comment -
Funnily enough recently attended a new business seminar in which the speaker said that only 1% of all new busineses will survive longer than 10 years. I believe his reference was from australia post (mail service in australia), who continually are conducting surveys to back up the validity of their data... If u have made it in business in the long term then congrats back personally ive seen too many ppl try and make it work, in the end to be consumed by constant overheads. Thats one of the main attractions to this game, very little in the way of continual overheads (besides initial set up of course)...Originally posted by OmgUrMomComment -
Good point. Take out those that are making $$$ from this but not as sole income and in all probability it would be somewhere lower within the 1% bracket....Good subject thread btw mr.edOriginally posted by krk1030
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Dont worry you wont find them in players talk.Comment -
I've met approxamately zero out of the hundreds of men (and women) that come in and out of the sports book. But there are a couple of guys who i suspect may flip a profit at it each year. They tend to be in and out though. It's real tough to do.blog '09-'10: 37-16: +$31,900
mlb 2010; 16-12: +$4,540
gellyhoops 2010: 10-6 +$3,150
overall: 63-34 +$40,290Comment -
The people that do make money betting sports are just making it too, rarely do they live high lives, big houses, etc
Its small times professionComment
