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I would like to know what's the average debt a sharp pro gambler accumulates through his lifetime.Last edited by pavyracer; 07-13-11, 11:51 AM.Comment -
Yeah smart call take your $ and have it tied up in cds for long periods of time. Sorry to say but i dont want my $ tied up for long periods of time, i can make more having it working than to have it sitting in there for chump change but i guess thats just me. And why the hell would anyone want to waist their time with a job like that when they can make more doing other things, sh-it i would rather put in extra time playing poker than go work for someone else but like i said thats just the way i look at it.Comment -
Cds are more guaranteed than poker in my opinion. I just like to play it safe. If you have enough money in Cds the interest you get back monthly is fine. Most people can't afford to have a lot of money in cds so I see where you are coming from. Well jobs are the best way to get medical, dental and other insurances than paying for them outright. I make money renting out duplexes,sports betting, working and investing in cds. More streams of income the better.Comment -
Too of a range, I consider myself a pro and I'm lose 69.69 a yearComment -
That 10k number is BS. Especially if you're using A+ books like Pinnacle, The Greek or 5Dimes.Comment -
I was referring to those A+ books cutting your limits after winning 10k off them...Comment -
Well u do your thing and i will do mine. Their is so many other more profitable faster ways of making money than leaving it in some cd, yes your right about being safe and to have a few here and their wont hurt. Poker is guaranteed money maybe not daily but if u look at in the big picture then u will understand, i can make more $ playing poker 40 hours a week than any other job working somewhere else. Like i said before with what i do it is in no way profitable for me to keep large amounts of $ in cds when i can use it for other things and maybe double my $ fast. Hey im also willing to here some things i can do to make more $ legit as your right more streams are good and im willing to invest some parts.Comment -
I have an idea anyone with the patience to book all the plays SBR guys make a year would more than likely surpass all estimates seen in this thread.
Its plain to see why books win and people lose, so many people trying to impress random other losers on a forum dont have the emotional make up to succeed at gambling long term. That is why these degenerate poker players people idolize are all mostly broke, or one step away from being so deep in debt they wont see the light of day. Ivey however had his golden parachute and scam helping him out, but I wouldnt be surprised to see him being backed by a few guys in the not too distant future. Once all that sponsor money and book money and whatever other money they have coming in dries up and they have to rely strictly on gambling winnings to live the lifestyle they have become accustomed to it will be very interesting.Comment -
Good sports tipsters have a Return on Invetsment of 20%.Comment -
It is def less than 5%Comment -
BINGO
You used to be able to make 100+. Back in the olden days you used to be able to get down 1000 on a CBB opening total and now it's down to a 100 and that is if your lucky enough to have a Pinny account. All that CBB total stuff has dried up.
You could also make an easy 10-20K betting RAS stuff now you never get the released number plus I think he is finding it is not as easy to beat anymore.
Hard to find reduced juice books as a US resident so your always betting -110.Comment -
get betterComment -
Demonata - "Cds are more guaranteed than poker in my opinion."
Annual percentage rate of 1.01% to 2.49% is not very exciting.Last edited by Scooter; 07-14-11, 11:50 PM.Comment -
95th percentile would be around $275.00.Comment -
Why would you want to put $50K in a CD with a 2.5% return annually when you could take that $50K and wager it 100 times over a year with an expected return of even just 1%?
2.5% of $50k= $1,250
1% of $50k X 100= $50,000
Too many people who do not know squat about gambling professionally or finances commenting in this thread as is always the case with these types of threads.
98% of those who have contributed to this thread have no more than $2k offshore yet are quick to act like they have a clue
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Since US Bank CD's pay at best 10% or less of what you are quoting, it would make sense that the CD's you are investing in are extremely risky.
A Google search has turned up Bank South Pacific, located in New Guinea, pays 7.75% on a 12 month CD.I suspect that Bank South Pacific does not guarantee it's CD's nor anything else.
And there would probably be Currency Exchange fees on both ends of the transaction.
And this rate is less than 1/4 of your 36% annual rate.
Is the Fund Manager's last name Madoff? Ponzi?
Are they represented by the Law Firm of Dewey Cheatum and Howe?
Can you give some more info on CD's paying 24% to 36% annually?
I'd be happy to learn of investments returning more than 100% over 3 years.
Any info on the default rate of such investments?Last edited by Scooter; 07-15-11, 04:21 AM.Comment -
It is just matter of how many books you have access to.
1 Book - 100,000
2 Books - 200,000
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Being pro gambler is easyComment -
I think the sky is the limit for a European gambler. If you are extremely good you can make over 10 millions. The problem is being that good.Comment -
This thread is still going?
here it is in a nutshell....
"professional" gambling is all but dead. reduced limits everywhere, books with shit limits to begin with, inability to bet over night lines for anything more than cab fare, and half the supposed A+ rated books on shakey financial ground at best. Vegas is no better. Limits there are a joke, other than maybe a one or two shot deal if they have never seen you before and they need the action, but in terms of ability to make consistant bets in order to secure a modest expectation forget about it.
I know people still like to live on the fantasies of the stories that get perpetuated here, but the same tired stories just prove how clueless those people are. If gambling were so great and these so called legends do/did so great at it why did they all look for easier ways to make money? Even these poker players, all invested in (got into offshore places to steal from people), or signed book deals, or got paid for appearance fees, tried to do TV, or whatever else they tried to do other than simply playing cards. It basically shows that gambling, even at these high levels isnt all its cracked up to be and stealing from other or using other peoples money or getting paid for your name or picture is still a better gig.
Bottomline is anyone who ever posted about sweating out some 9th inning comeback, or needed a 9th inning comeback, or a late FG or interception isnt close to a pro gambler and is barely a gambler at all, especially if they have to talk abot it or cry about it. Because no game any pro has is more or less important than any other. Or it shouldn't be. having a big score isnt the way REAL professional gamblers operate. Unless it is a one in a million scenario where you get a team for large odds in a future bet and they by some miracle come through. But in reality that doesnt make you a pro either, just means you paid attention and got lucky. But shows that being lucky is better than being good.
So anytime I hear about some guy who made a 100K score or whatever, I know they have to make about 50 more just to be even or close to it, and had they never gambled in the first place they would be much better off.
So just let this thread die already. it really is embarrassing and proofs out the general intelligence level of the average forum poster as well as their naivete when it comes to the one thing they generally try to profess some 'expertise' in...namely gambling.Comment
There are a lot of cds with a higher rate than that.
