Anyone here know anyone who became a millionaire betting sports?

[OldSchool75]

I know It's fairly common in poker but I haven't heard of it in sports. Anyone on this site a millionaire from sports? or know someone. If you are the person but dont want to to say, just say you know someone. Would just be interesting to know if there are.

[Mr. Peepers]

never has and never will be

[OldSchool75]

never has and never will be

that's doubtful

[itchypickle]

Pete Rose maybe??

[Sawyer]

never has and never will be

How you can be so sure? Of course there is but they're very rare.

Adam Heathcote is not a millionnaire but he managed to make approximately 350k pound (583k USD) using BetFair.

[Razzzzzor]

I know It's fairly common in poker but I haven't heard of it in sports. Anyone on this site a millionaire from sports? or know someone. If you are the person but dont want to to say, just say you know someone. Would just be interesting to know if there are.

If you believe that you're watching too much ESPN buddy

[d1m@]

dont think its possible to make millions on just betting

[muldoon]

Check out Patrick Veitch (Horse handicapper)

http://www.telegraph.co.uk/sport/horseracing/5453310/Patrick-Veitch-Tormentor-of-the-bookies.html

[ATX]

most of 'em already had money because they know how to manage money

very few of 'em started out or depended solely <gambling> on the sports market

[Masu485]

Only the people who fix games

[OmgUrMom]

If you believe that you're watching too much ESPN buddy

i guess it kind of depends on whether or not they hold their money.

Theres probably over a 100, 1+mil payouts in poker tournaments through out one given year. Also some very, very high stakes cash games running at all times.......I'd imagine pros playing in $100/$200 and up games are often millionaires. (and probably sometimes as low as 25/50) if they have tighter bankroll restrictions.

[hhsilver]

the answer is yes - and then some. look up "computer group".

[Intuitive_Edge]

If you believe that you're watching too much ESPN buddy

i kind of laughed at that too

[Joe Dogs]

Kosher boys,the Chinaman or doctor as he is called,The computer group to name a few.

[Reload]

How about the legendary Wayne Allyn Root?

[pavyracer]

You need a double digit million bankroll balance to become a millionaire betting sports.

[durito]

Yes, there are many.

[wrongturn]

maybe

[Iceman]

Some bookies became millionaires off of gambling.

[itchypickle]

The poker 'millionaires' are misleading definitely. Say one guy wins $2mil in a tourney. He's got to pay the taxes....then he's got entry fees to all the other circuit tourneys...travel expense..as well as living necessities. The money goes reaaalllly fast. Even most of the 'sponsored' players who are staked have to pay back funds etc.

[jjgold]

Just some big time tout scammers like Jim Feist

Not regular bettors

[Iceman]

The poker 'millionaires' are misleading definitely. Say one guy wins $2mil in a tourney. He's got to pay the taxes....then he's got entry fees to all the other circuit tourneys...travel expense..as well as living necessities. The money goes reaaalllly fast. Even most of the 'sponsored' players who are staked have to pay back funds etc.

Always thought this was the biggest misconception with professional poker players. You go to any poker site and it lists the career earnings of each player as if he made 120k or something last year and that was a great thing. With all the hidden costs involved one needs to make quite a bit more then that just too breakeven but no one seems to ever talk about this.

[jjgold]

Most pro poker players are broke

100% fact

[whatsgood5]

Birdman maybe???

Who knows how much the fella has lost, but he won a mil on Money Mayweather's last fight.

[sportsfun]

difficult as none really can be followed as in poker.

[OmgUrMom]

Always thought this was the biggest misconception with professional poker players. You go to any poker site and it lists the career earnings of each player as if he made 120k or something last year and that was a great thing. With all the hidden costs involved one needs to make quite a bit more then that just too breakeven but no one seems to ever talk about this.

are you referring to playing poker online? what hidden costs are there?

If your referring to traveling to different live tournaments then of course there are a ton of expenses.

Still there is probably a little over a thousand players who've made 1mil+ at poker.

[OmgUrMom]

difficult as none really can be followed as in poker.

well for online they have data tracking sites now that track most online hands. although they aren't always entirely accurate or so i've heard. (they miss some hands)