This forum's full of "tough luck loss" stories, but has anybody really used sports betting to lift themselves from "rags to riches?"
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Perhaps if somebody around here won 10 million in the lottery... that would qualify
{I do not play the lottery}Comment -
While I don't know if it qualifies as rags to riches, there are several members of this forum that do bet sports for an income. I know of at least 5. Some are gamblers, some are arbers some are bonus whores some are a mix of the above.Comment -
I think there is "rags to richies" happening all the time... I have noticed it takes nothing special as far as income but more depends on how discipline one is in their day to day spending...
Someone can make $10 an hour and with saving and investing be MUCH further ahead in the money game then someone who makes $20 an hour but spends most of it on recreation with little to no savings or investments... I also noticed that usually the $10 an hour guys that do get ahead in the money game are also usually well organized....
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I think it can be done. You have guys like Frank Rosenthal, Len Banker, and Billy Walters out there. If you build slow to establish a decent bankroll, research every play to the letter, keep your emotions in check, and live way below you means it's only a matter of time before your clear your first million (5-7 year estimate). Most people don't have the discipline, analytical skills, and money management ability to remain sharp (at all times).Comment -
5 or 6 years ago when there was a lot of variety out there a lot of people got rich or built their nest egg. There was a lot of diversity with bonuses, promotions and differences in lines. Gamblers who made it back then will tell you the hardest part was reading the industry and avoiding the books that crumbled. These days it can still be done but I would say it is very rare. A talented math guy can walk in with a little money and outsmart the books which mostly all follow the same market. But, the days of the average Joe, turning a couple dimes into 6 figures and beyond by leveraging the different lines and offers are long gone.Comment -
Maybe if there were a few more exchanges for U.S. players you could turn rags into nicer rags.Comment -
sportsbetting to me is pretty easy. all you gotta do is some research, pick the right game, get the best numbers and smash books. i'm a pretty good handicapper imo, i make a couple grand every month so i dont complain. i love this time of year because there's so many college games and the oddsmakers don't set the lines right to many of them because they just don't have enough time. check out the best bet thread if you want a solid pick from me.Comment -
Oh so true! I wish I had jumped on board a little harder in my 20s, instead of trying to play catchup in my 40s.
I think there is "rags to richies" happening all the time... I have noticed it takes nothing special as far as income but more depends on how discipline one is in their day to day spending...
Someone can make $10 an hour and with saving and investing be MUCH further ahead in the money game then someone who makes $20 an hour but spends most of it on recreation with little to no savings or investments... I also noticed that usually the $10 an hour guys that do get ahead in the money game are also usually well organized....
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