What's The Average Income of A Sharp Pro Gambler????

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  • sharlataans
    SBR MVP
    • 08-13-10
    • 1927

    #176
    Originally posted by wantitall4moi
    This thread is still going?

    here it is in a nutshell....
    Don't kill our dreams!
    Comment
    • Halifax
      SBR Wise Guy
      • 08-10-05
      • 553

      #177
      Originally posted by Demonata
      No, what matters is the rate. Some Cds I am in pay around 2% monthly and then at the end of the term I get my deposit. Also am in some 3% ones. You have no experience in Cds so please try not to make yourself think you do. Thanks.
      What a bunch of baloney.

      Unless you've got CDs issued by the First Bank of Madoff or the People's Bank of HYIP, you aren't getting anywhere close to 2 or 3 percent per month. I doubt that you can even find one that pays 3% per year (certainly not from any reputable FDIC-insured bank).




      .
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      • WVU
        SBR Sharp
        • 02-01-08
        • 417

        #178
        2-3% monthly? LMAO. I think he means annually and I still would bet he wasn't getting that
        Comment
        • Demonata
          BARRELED IN @ SBR!
          • 07-12-11
          • 25829

          #179
          Originally posted by sharpcat
          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
          The annually doesn't matter as much as the rate... Trust me I know what I am talking about. If it's something I don't know much about I admit it such as good soccer strategies or baseball strategies. I know about Cds and betting on tennis mainly.
          Comment
          • Demonata
            BARRELED IN @ SBR!
            • 07-12-11
            • 25829

            #180
            Originally posted by Halifax
            What a bunch of baloney.

            Unless you've got CDs issued by the First Bank of Madoff or the People's Bank of HYIP, you aren't getting anywhere close to 2 or 3 percent per month. I doubt that you can even find one that pays 3% per year (certainly not from any reputable FDIC-insured bank).




            .
            Discover Bank is a good one I use... It depends on how long the Cd term is.
            Comment
            • sharpcat
              Restricted User
              • 12-19-09
              • 4516

              #181
              Originally posted by Demonata
              The annually doesn't matter as much as the rate... Trust me I know what I am talking about. If it's something I don't know much about I admit it such as good soccer strategies or baseball strategies. I know about Cds and betting on tennis mainly.
              You have no clue what you are talking about if you think that locking your money up for 1 year for a 2% return is better than taking that money and reinvesting it over and over throughout the year.

              Many better ways to invest your money in life than to tie it up in a CD with the rates they give you these days.
              Comment
              • Legions36
                SBR MVP
                • 12-17-10
                • 3032

                #182
                Originally posted by sharpcat
                You have no clue what you are talking about if you think that locking your money up for 1 year for a 2% return is better than taking that money and reinvesting it over and over throughout the year.

                Many better ways to invest your money in life than to tie it up in a CD with the rates they give you these days.
                I've been trying to tell him that keeping all his money in cds is chump change compared to what he can make wagering and keeping his $ flowing.
                Comment
                • Scooter
                  SBR MVP
                  • 01-15-07
                  • 1159

                  #183
                  Originally posted by WVU
                  2-3% monthly? LMAO. I think he means annually and I still would bet he wasn't getting that

                  I think he's stupid enough that he believes that the 2% CD's he's seen ads for means 2%/month, and so he posted that in his imaginary investment posts..

                  He's never invested in a CD.


                  "The annually doesn't matter as much as the rate."

                  He's a fool and definitely a troll - the reincarnation of brahmabull17 who started this thread but was shamed into disappearing after shari exposed him.
                  Comment
                  • wantitall4moi
                    SBR MVP
                    • 04-17-10
                    • 3063

                    #184
                    Originally posted by Hareeba!
                    Maybe true if you are in the US, but certainly far from the truth if you live in the free world.
                    I can actually play (post up or credit) at every off shore book around so it doesnt matter if youre in the U.S. or not. Which once again shows how novice many people on these forums are. Because if you cant play at a book because you live in the U.S. then you dont know your business, which is supposedly gambling.
                    Comment
                    • Otters27
                      BARRELED IN @ SBR!
                      • 07-14-07
                      • 30760

                      #185
                      most of them are just getting by. Many ups and downs
                      Comment
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