Professional Sports Gamblers

[Esco]

Is there such a thing as a professional sports bettor??
I mean someone who has successfully made a living off betting year-in year-out??

[Justin7]

There are a handful.

[Skalatharx]

Hats off to the guys that can

[bettman]

Hats off to the guys that can

X2.....your a walking bankroll

[Esco]

There are a handful.

Ho much money do they make on average yearly??
And how long have they been doing it??

[Billy Walters]

"They" make alot of money... "They" have been doing it for a while... Ask the sportsbooks if they cut guys off for taking the book for 100k in a week and then find that they somehow got back in under a different name through a friend or something... Happens every year, every week, from the beginning of football to the end of basketball...

[TheBeautifulGame]

Ho much money do they make on average yearly??
And how long have they been doing it??

That is something we will never know. Fair play to the people that make a living off gambling.

[bettman]

Thats the thing i try to figure out....is winning in sportsbetting skills, or just luck....How do you rip a hole in a sportsbook with no insider news....ill never know. I hope to be lucky one day.

[Pancho sanza]

There are a handful.

define handful.

[RickySteve]

No such thing. Bookies are too smart.

[Billy Walters]

No such thing. Bookies are too smart.

Not True...

[Esco]

"They" make alot of money... "They" have been doing it for a while... Ask the sportsbooks if they cut guys off for taking the book for 100k in a week

But that wouldnt be true for a place like betfair.
Its a betting exchange, so when you make a 100K a week betfair also makes 5% of 100K.

Right?? Or do I have that wrong??

[RickySteve]

Not True...

You can only win if you get a place with high limits and run a progression system.

[Ganesh]

I have done some bets for more than a year. I know some people who make their lives beting and they have a very good finance life.

[Billy Walters]

Quote:
Originally Posted by Billy Walters
"They" make alot of money... "They" have been doing it for a while... Ask the sportsbooks if they cut guys off for taking the book for 100k in a week

But that wouldnt be true for a place like betfair.
Its a betting exchange, so when you make a 100K a week betfair also makes 5% of 100K.

Right?? Or do I have that wrong??

Quote:
Originally Posted by Billy Walters
Not True...

You can only win if you get a place with high limits and run a progression system.

I have done some bets for more than a year. I know some people who make their lives beting and they have a very good finance life.

The pros wont hang around a betting exchange for long because they cant get the limits they need to cash in...

True, you need high limits, progression system is bullshit...

Ganesh, yup, people do make livings off betting...

[Esco]

The pros wont hang around a betting exchange for long because they cant get the limits they need to cash in...

Ganesh, yup, people do make livings off betting...

Would you agree sports betting (especially soccer) is 90% skill and 10% luck??

[Billy Walters]

Quote:
Originally Posted by Billy Walters
The pros wont hang around a betting exchange for long because they cant get the limits they need to cash in...

Ganesh, yup, people do make livings off betting...

Would you agree sports betting (especially soccer) is 90% skill and 10% luck??

I would agree that sports betting is an equal mix of both, not just soccer but all sports, we never know what is going on behind the scenes and we do the best we can with the information known to us... Its all about getting an edge...

[LT Profits]

Actually, betting exchanges have no limit. You can bet as much as you have in your balance. Also, contrary to popular belief, you can make a good living betting on a sport you know nothing about. Betting on rogue lines is a beautiful thing.

Now let me go back to following my Brazilian soccer play.

[Peep]

You can only win if you get a place with high limits and run a progression system.

Good point. Would Betus be a good book to make money at then?

[Santo]

There are a (small) number of professional gamblers on Betfair across the markets markets, there are a decent number who have been beating the British Horse Racing scene for many years (Fixed odds not tote). I'd say there's more than a handful when you consider all the different countries/markets, but it's a pretty small number worldwide.

[Esco]

There are a (small) number of professional gamblers on Betfair across the markets markets

Are we talking a few hundred, or a few dozen??

[John Dough]

There's too much generalizing in this thread, IMO.

There are smaller bankrolled pros who make a living betting < $1000 per play. Not every professional gambler makes loads of money. Some make more reasonable incomes and are perfectly content doing so.

[RickySteve]

Good point. Would Betus be a good book to make money at then?

I recommend Millennium Sports.

[Chuck Sims]

Thats the thing i try to figure out....is winning in sportsbetting skills, or just luck....How do you rip a hole in a sportsbook with no insider news....ill never know. I hope to be lucky one day.

Skill, money mangement and do not get greedy. A pro usually bets 1-2% of his bankroll on individual plays. More if he really thinks he has an edge. Think about it. 1-2%. Whats your bankroll, a thousand maybe 5k? That means you should bet $10-$20 if its a thousand and $50-100 if you have a 5k bankroll. The perennial losers will bet a much higher percentage of their bankroll. This is a losing proposition. You'll never win with that strategy.

Discipline is key. If you have to bet the TV games, then you are probably a losing bettor.

[Esco]

Good point. Would Betus be a good book to make money at then?

No, do your research. Betus gets a C- rating, thats pathetic!!!
Unless you enjoy pissing your money out the window, in that case I say go ahead

[Esco]

Skill, money mangement and do not get greedy. A pro usually bets 1-2% of his bankroll on individual plays. More if he really thinks he has an edge. Think about it. 1-2%. Whats your bankroll, a thousand maybe 5k? That means you should bet $10-$20 if its a thousand and $50-100 if you have a 5k bankroll. The perennial losers will bet a much higher percentage of their bankroll. This is a losing proposition. You'll never win with that strategy.

Discipline is key. If you have to bet the TV games, then you are probably a losing bettor.

I totally agree with this post (except for the TV thing, thats irrelevant).

I so far have a 70 to 75% success rate betting on mostly European soccer games.
I been watching this sport for 30 years, you develop a type of epignosis after a while as to who will win. I wont place a bet unless I'm 60 to 70% sure I can win, anything below that and I walk.

I'm seriously thinking about registering myself as a corporation and going Pro

[bettman]

Quote:
Originally Posted by bettman
Thats the thing i try to figure out....is winning in sportsbetting skills, or just luck....How do you rip a hole in a sportsbook with no insider news....ill never know. I hope to be lucky one day.

Skill, money mangement and do not get greedy. A pro usually bets 1-2% of his bankroll on individual plays. More if he really thinks he has an edge. Think about it. 1-2%. Whats your bankroll, a thousand maybe 5k? That means you should bet $10-$20 if its a thousand and $50-100 if you have a 5k bankroll. The perennial losers will bet a much higher percentage of their bankroll. This is a losing proposition. You'll never win with that strategy.

Discipline is key. If you have to bet the TV games, then you are probably a losing bettor.

thats sounds easy if you stick to that plan.....im trying to build my BR before NFL start playing MLB...im doing 2 games per day max @ $50.......im hoping to lay $1k bets @ 2games during NFL season

[priceperheadexpert]

They are out there, and by the way kicking ass this month..

[tomcowley]

There are lots of professional sports bettors who win by getting +110 on all their bets.

[Chuck Sims]

thats sounds easy if you stick to that plan.....im trying to build my BR before NFL start playing MLB...im doing 2 games per day max @ $50.......im hoping to lay $1k bets @ 2games during NFL season

Good luck this NFL season. Strongly recommend Matchbook. You'll see plenty of games lined -105/+104. Some will be -101/EV or -109/+108. If you strive to make money at this, its a must out.

[Peep]

No, do your research. Betus gets a C- rating, thats pathetic!!!
Unless you enjoy pissing your money out the window, in that case I say go ahead

Thanks Esco. I'll stay away from Betus.

RickySteve said Millenium was better anyways if you want to bet progressives. What do you think of his advice?

[Esco]

Thanks Esco. I'll stay away from Betus.

RickySteve said Millenium was better anyways if you want to bet progressives. What do you think of his advice?

You want my advice, go with betfair.com. They have the best odds on the web.
Their only negative they take 5% commission, but you recoup that 5% by getting better odds.

Also betfair site is easy to navigate and they're quick in outpaying.

Sorry if this sounds like a shill

[cinpls081]

There are lots of professional sports bettors who win by getting +110 on all their bets.

Finally someone who gets it.

[Esco]

Skill, money mangement and do not get greedy. A pro usually bets 1-2% of his bankroll on individual plays. More if he really thinks he has an edge. Think about it. 1-2%. Whats your bankroll, a thousand maybe 5k? That means you should bet $10-$20 if its a thousand and $50-100 if you have a 5k bankroll. The perennial losers will bet a much higher percentage of their bankroll. This is a losing proposition. You'll never win with that strategy.

And I like to add, dont bet after you had a few beers. Some of my dumbest bets (and biggest losses) were from drunk bets. You get brave and think you're the best gambler in the world.

Then you wake up next morning, check your balance and..............

[Sawyer]

Not to mention, if your BF points are high, then comission reduces to %2.

But Matchbook is still much better (for American Sports only)