vyomguy
I couldn't complete my previous post as I accidently pressed submit. I couldn't find the edit feature...so I am continuing it as an another post:-
On the other hand, can you rely on sports betting for consistently making money over long term...HELL YES. Very less amount of luck is involved here. I know you cant hit 90-100% of time while betting on sports...but if you are good, you can average around 65%-75%. You can hit that mark pretty consistently over long term.
Another thing in sports betting is the possibility of making large amounts of money with very small bets..i.e playing parlays. The odds range anywhere from 1:1 to 1:1500. I know its tough to hit those big parlays, but on any given weekend you can easily make 3-4 picks that you could parlay to 1:6 or 1:10 odds. Now. tell me how long will it take to multiply your investment 10 times in poker?....VERY LONG...you have to sit down in poker tables for days and maybe weeks to 10x your initial bankroll....and that too if you are on a good run.
I am not saying poker is not worth playing or that you should play sports betting all the time...that choice is YOURS. But understanding the pros and cons of each of them and understanding their ROI is very crucial if you want to make money over long time. Good Luck in whatever you decide to do.[/color]
LOL....If you are hitting around 55%...you are pretty much breaking even or making profit of less than 5% on your bets. This is because of the 10% juice you pay for the bookie. If you are hitting at a rate of 55%, you SHOULD stop betting on sports, cause its just not worth the time and effort.
Having said that, it is POSSIBLE to hit around 60%-70% consistently if you are a good handicapper. I see many people hit around this range consistently over many seasons.
wal66
Poker_Dummy, I think being unlucky is a larger factor than being lucky. I thought it was just me being nagative after a prolonged bad run so I actually started tracking it. I wen through a 6 month period prior to football season where I was no less than 55% in better than 85% of the hands I was involved in and won 8% of the time. I waited for my spots. I played my hands aggressively I gave every tell I could to let the other players know they were beat every step of the way but it didn't matter. I got drawn out on. It wasn't one player or one table or one day. The only constant involved was me. So in my world unlucky outweighs lucky all the time.
ElCapitanIf what Pauly is saying is not true how come the final table at the WSOP is not populated every year by a majority of "professionals"? I mean if there were a couple of new guys "getting lucky" and making it there I could accept that poker was mostly skill. If that was the case, then the final table should constantly be playing Howard Lederer, Phil Ivey, Phil Hellmuth, etc, etc. etc. Maybe there should be two to four unknowns and the rest should be regular staple "professionals". But every year it's a bunch of no-name guys at their first final table.
I've always said the same thing in regards to poker: all the knowledge and skill in the world will not beat good cards. As long as a player knows that a full house beats a flush and so on, you can not overcome the fact you are dealt shitty hands. Yes, yes, you may be able to bluff your way out of several situations where you should have lost but eventually the cards you are dealt will dictate your fate.
I mean go to the WSOP web site. Look at the top money earners. I recognize one name in the top 10. Now before you start going on about how the real money is made in cash games and the list doesn't show that and all that crap, aren't these guys supposed to be "professionals"? Shouldn't they be winning a majority of the tournaments?
What it comes down to is this: poker is a card game. Cards are dealt in a random order. Even if you are so skilled that you can guess what I have in my hand versus what you have in your hand at a better clip than the average person, it doesn't change the fact that you are still guessing and it comes down to luck.
MY QUESTION WAS ANSWERED
PAULYPOKER Thanks guys