How many of you are willing to claim you make a living from gambling?

[Cruizer]

Are there many SBR regulars who are willing to claim that they dont need to work?

[sickler]

Many will probably claim

Getting to the truth is another matter

[Iced]

Institutional research by SBR has found 84% percent of SBR Pros are professional gamblers whose main source of income is online sports betting. And of course, I am included in that 84%.

[YouMama]

ive heard alot of people on here make 50k a yr gambling

[Hawkeye2011]

I lived off gambling for five months and it was the worst stretch eve. Way too much stress I couldnt take it

[onlooker]

[Ace_of_Spades]

Not me. Then again, an indian stole my job, so gambling is some form of income.

[mathdotcom]

With decent capital and half a brain you can make 100k a year just on promos alone

[Cruizer]

math, promos?

[Cruizer]

Iced, onlooker, are those humble yes'?

[UntilTheNDofTimE]

Youd have to make a lot of money gambling for it to be worthwhile.


Right now i make my living playing poker. Ive had been a regular playing 20-30 hours a week making a good amount to subsidize my income for 2 years. Then I was fired from my current employer and took a job as a proposition poker player 5 weeks ago. *Im doing this as a inbeteeen thing hopefully for less than a year simply because i dont find it worthwhile. I estimate and lets say this is true....ill make 60,000 tax free dollars a year playing.*

Thats equivlant to about a 85k a year taxable salary. But..,

No 401k match
No healthcare
No retirement, no pension.*

Being a professional gambler you literally have to work your entire life. At my former employer assuming i live 25 years after retirement would pay me 960k in pension benefeits.*

Insurance will run 200 a month. Lets assume i live to age 85.*

Thats 151k

401k you can still contribute to so i wont count that.*

So in 25 years( assuming i would of retired from my former employer in 25 years). *I would have to save 1 million dollars for pension, on top of another million dollars id expect to be in my 401k( i have 43 years to save this). So lets say 2 million

Id have to save 80k a year to do this.....which i wont even make. Of course compound interest comes into play but....

Why bother if your not making atleast 150k a year...


Basically i dont think gambling is more +ev than working and getting a pension unless your making double your working salary

[TR88]

Not me. Then again, an indian stole my job, so gambling is some form of income.

onetrickpony

[byronbb]

math, promos?

Re-ups and bonus etc. The capital part is the hard part. You need 100k imo.

[KingJD31]

Depends on what your idea of work is 9-5? I get paid off books and work when my phone rings

[Cruizer]

King, colllections? lol

[FourLengthsClear]

Are there many SBR regulars who are willing to claim that they dont need to work?

LOL. It is harder work (not physically, of course), more time consuming and, at times, more stressful than any formal employment I ever had.

If you have a decent income you wouldn't envy the lifestyle of most 'professional gamblers'.

[Cruizer]

Four Lengths, im curious. Your still doing it tho right? suggests its not all bad

[ebbearsfb1]

Maybe 1 2 guys are professional... I don't see any professional posting picks on a forum.. like length and time said the amount of work won't equal the reward, no security with it either, also its not like you see in the movies were these roosters are living these wild life styles off of gambling... bet for fun and get a job so your secure can still make a good profit to enjoy

[Tree Rollins]

I would guess that around 70% claim they make a living off gambling.

[ebbearsfb1]

So who here makes a living off it? And if they do, why not post their plays and share there success? For everyone else... living scartch off to scartch off in your moms basement does not count as living off gambling

[FourLengthsClear]

Four Lengths, im curious. Your still doing it tho right? suggests its not all bad

I am primarily a trader these days and persuaded myself to go down that route after a horrendous run about 5 years ago, prior to that I was already dabbling with automated trading/betting software/systems.

It has it's upside of course not least being able to work from home which is important to me as someone with a family.

ebbears, I think there are more than you might think but most of them are the Think Tank grumpy type who rarely venture into Player's Talk. Sharing plays is against their interest.

[Chimneyfish]

Actually I did really well last year. Was able to clear $1mil on betting alone.

I know people won't believe me so heres the screenshot proof

[wtf]

I would guess that around 70% claim they make a living off gambling.

the other 30% had their limits lowered

[Cruizer]

LOL Chimneyfish

[Ace_of_Spades]

onetrickpony

Some dude in Mumbai i believe.

[gregm]

LOL. It is harder work (not physically, of course), more time consuming and, at times, more stressful than any formal employment I ever had.

If you have a decent income you wouldn't envy the lifestyle of most 'professional gamblers'.

Good post. Gambling even for a decent side income is very stressful and can be such an unhealthy lifestyle, but I definitely think its better than day trading and I would imagine much better than trying to make living or a decent income in poker. You dont have to be online or in casinos and live games so much of your life. I think you can stay healthy if you have alot of discipline.

[jjgold]

Are there many SBR regulars who are willing to claim that they dont need to work?

No one here Son

[DrIn$entive]

Is it possible for successful sports gamblers to continue to win OFFSHORE longterm without having their wager limits reduced or having their accounts closed (for being a winning gambler)?

[zacharyj53]

Is it possible for successful sports gamblers to continue to win OFFSHORE longterm without having their wager limits reduced or having their accounts closed (for being a winning gambler)?

Doubtful, although there are some that are better than others.

[FourLengthsClear]

Is it possible for successful sports gamblers to continue to win OFFSHORE longterm without having their wager limits reduced or having their accounts closed (for being a winning gambler)?

It would be very tough as an American unless you had a way to play at Pinnacle, BetFair etc.

[zacharyj53]

It would be very tough as an American unless you had a way to play at Pinnacle, BetFair etc.

Isn't Bookmaker pretty good for high rollers?

[The Hot Pepper]

You can be profitable in gambling if you are the sportsbookie

[135steward]

C'mon, man!

Are there many SBR regulars who are willing to claim that they dont need to work?

Not to be rude, but why would you ask that? I can only think of two reasons: either you're just curious (in which case It's hard for me not to be rude), or you're considering it yourself. If the latter is the case, here's my $0.02:

If you have to ask, it's not for you. The key word in pro gambler is gambler. You risk it or you don't. Sorry I can't stay and chat much longer, but I have a forklift to go drive for the next several hours.

[sickler]

Actually I did really well last year. Was able to clear $1mil on betting alone.

I know people won't believe me so heres the screenshot proof

You win, Chimneyfish!

[The Hot Pepper]

Chimney fish won 1.000.000 Zimbabwean dollars