Professional Sports Gamblers

[Esco]

Also I found betting on the favourites (with good odds) is the way to go 80 to 90% of the time. I rarely bet on underdogs, there's just not steady money in that

[cinpls081]

esco find another line of work you will never make it in this biz.

[Esco]

esco find another line of work you will never make it in this biz.

Never say never

[Karayilan9]

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.

Your commission gets reduced the more you make and on top of that if you know the right people in Betfair you can strike a nice deal.

Exchanges are the way forward, no stupid limits, no book refusing your cash because you win alot, less chance of it going bust.

[cinpls081]

Also I found betting on the favourites (with good odds) is the way to go 80 to 90% of the time. I rarely bet on underdogs, there's just not steady money in that

If this is how you are thinking above I'm doing you a solid. Never again make a wager you will never win.

[John Dough]

Also I found betting on the favourites (with good odds) is the way to go 80 to 90% of the time. I rarely bet on underdogs, there's just not steady money in that

You're completely clueless and I have to question if you're even for real at this point.

If you're serious, unless you're extremely wealthy, please do not risk any serious money betting sports.

[Esco]

You're completely clueless and I have to question if you're even for real at this point.

If you're serious, unless you're extremely wealthy, please do not risk any serious money betting sports.

Now I'm getting sick of you guys!!!!
So far I'm, averaging 73% success rate. Can you say that???!!!!!

Here's my betting slips as proof:








Now before you say well you're only betting $10 increments remember that I'm just trying small amounts for now until I move to larger bets (like $50's and $100's).

You guys were saying something about me never winning??????!!!!!

Please shut your trap before get all cocky

[spongerat]

no what we're saying is that betting all heavy favories with odds like 1.1 is not a profitable strategy, especially if you're trying to go pro. a single $20 bet loss is equal to 5 or 6 wins so you would have to win at a very high rate to break even

also % doesn't matter as much as units produced.

[Esco]

no what we're saying is that betting all heavy favories with odds like 1.1 is not a profitable strategy, especially if you're trying to go pro. a single $20 bet loss is equal to 5 or 6 wins so you would have to win at a very high rate to break even

also % doesn't matter as much as units produced.

I agree but I rarely bet 1.1. Almost never actually.

For me the cutoff is usually between 1.2 and 1.3, closer to 1.3 though. The only 1.08 bet was on Brazil, but that was a 'DRAW NO BET', so I knew it was 99% safe

[cinpls081]

I agree but I rarely bet 1.1. Almost never actually.

For me the cutoff is usually between 1.2 and 1.3, closer to 1.3 though. The only 1.08 bet was on Brazil, but that was a 'DRAW NO BET', so I knew it was 99% safe

try betting two sides of a game getting +5 on one side and +10 on the other. Thats how you make money. You will NEVER make money making predictions in the LONG RUN. I promise you I'm just trying to help you. Clearly you are new at this game but trust me doing what you do WILL not turn a profit. GL I hope you crush it but remember me in a couple of months when you bump it up to 100's and you lose 15 games in a row.

[spongerat]

you are referring to arbitrage or scalping, but otherwise i disagree. it is possible to win money predicting in the long run and people do it

[Esco]

it is possible to win money predicting in the long run and people do it

I agree, I'll even go as far as saying thats the ONLY way to make money

try betting two sides of a game getting +5 on one side and +10 on the other. Thats how you make money. You will NEVER make money making predictions in the LONG RUN. I promise you I'm just trying to help you. Clearly you are new at this game but trust me doing what you do WILL not turn a profit. GL I hope you crush it but remember me in a couple of months when you bump it up to 100's and you lose 15 games in a row.

I appreciate you're trying to help, but I told myself if I lose the $200 I started off with (or dont make significant profit) I will quit gambling. So far I almost doubled my money (about $180 total profit)

[spongerat]

well its not the only way to make money. i've made a decent amount from arbing bonuses but without bonuses it can be a grind but 100% safe

[cinpls081]

Good luck to you both. For me i've been around this game a long time and I have never met a winner that gambles on sports/. I do know many guys who make a living in the industry. Good luck trying to predict what is going to happen in a game. I make money as long as the game is played.

[Stumpage]

Good luck to you both. For me i've been around this game a long time and I have never met a winner that gambles on sports/. I do know many guys who make a living in the industry. Good luck trying to predict what is going to happen in a game. I make money as long as the game is played.

Agree completely, as I follow the same Modus Operandi. I do personally know a couple of guys that gamble and succeed, including a close friend who has basically made it his living for the past 25 years wagering mostly on horses. Apart from that though, winning gamblers seem few and far between, though I have no doubt there are a few here at SBR who do have the patience, intelligence and bankroll to do quite well. But for every one of them there seem to be 20 DacVietBets on the Main Forum page, lamenting their losing streaks and vowing to turn their luck around with one last "All in" bet on a "Lock." Humorous really, with a dash of pathetic.....

[Esco]

Exchanges are the way forward, no stupid limits, no book refusing your cash because you win alot, less chance of it going bust.

You hit the nail on the head

[Climate]

.

[Esco]

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Good point

[ByeShea]

No such thing. Bookies are too smart.

Outcomes are too unpredictable. A seasoned bettor needs discipline to pick his spots, but it doesn't take too many funny bounces of a ball (crumbles of a cookie) to undo the best laid plans.

Year in, year out - as a player? Verrrry tough.

[wacked]

Additional exchanges will be nice in some respects especially due to the options for more live events which is a great plus.

[Esco]

Additional exchanges will be nice in some respects especially due to the options for more live events which is a great plus.

Additional exchanges such as??? I only know of Betfair.
Which ones do you recommend??

[wacked]

I was referring to the future that additional exchanges such as Matchbook and Betfair will be a big plus. That's under the assumption this does occur, which I don't see why it will not. Since I can only play at MB, I have only once choice until more open in the future.

Additional exchanges such as??? I only know of Betfair.
Which ones do you recommend??

[Esco]

I was referring to the future that additional exchanges such as Matchbook and Betfair will be a big plus. That's under the assumption this does occur, which I don't see why it will not. Since I can only play at MB, I have only once choice until more open in the future.

I just been told the 3 major betting exchanges on the web are:

Betfair www.betfair.com
Betdaq www.betdaq.com
Bettson www.betsson.com

There are others but these 3 are the biggest ones

[Esco]

6 More wins and 2 losses, but a net profit overall

[HeeeHAWWWW]

Outcomes are too unpredictable. A seasoned bettor needs discipline to pick his spots, but it doesn't take too many funny bounces of a ball (crumbles of a cookie) to undo the best laid plans.

If you're staking properly it's not a problem.

Best advice to give to anyone is assume you can lose 10 in a row at any point, and from your average stake see what that does to your bank.

[cinpls081]

esco. congrats on your profit. What you have yet to have happen is lose 10 of those heavy favs in a row. it may happen tomorrow maybe in a month but it will happen. most likley when you start making real bets. You can never argue with a profit so again good job, take your money and run. Trust me you have ZERO CHANCE of making money doing what you are doing. If it was that easy everyone would do it.

[Esco]

esco. congrats on your profit. What you have yet to have happen is lose 10 of those heavy favs in a row. it may happen tomorrow maybe in a month but it will happen. most likley when you start making real bets. You can never argue with a profit so again good job, take your money and run. Trust me you have ZERO CHANCE of making money doing what you are doing. If it was that easy everyone would do it.

I agree on the 10 game losing streak.

I disagree you cant make money (even in long run). The trick is to pick which favourites to bet on. You wont make much steady money betting on underdogs, especially in soccer cause they rarely win. The big clubs almost always win, has been like that for the last 50 years (with big clubs I mean: Man United, Real Madrid, Barca, Chelsea, Liverpool....etc)

Time will tell I suppose, I'll keep posting my betting slips

[stonekillermike]

a handful of successful sports betters

yes, there are a handful of successful sports betters out there.

[DukeJohn]

Sports betting is my sole means of income... It pays my bills... I only bet about 6 months out of the year and take six months "off"... I haven't been a professional for "years and years" just a couple. I will say people tell people on this forum all the time what to do and what works and what doesn't, the problem is most do not put their livelihoods on the line. There are some things that just do not work and many can tell you from person experience, but to instruct you on what does? That is another matter... Now, I must add, I would not be a professional sports bettor today, without SBR. All the posters on this forum have given a wealth of information. The one little thing I will advise is, it is the off the wall, will never work types that really make me search their crazy systems and see if there is a grain of something useful (well I used to, I don't anymore). So, try and remember, just because of someone brings something from way in left field, doesn't mean there isn't a gold mine there, you just have to dig.

To answer the OP question, yes, there are professional sports bettors, even the IRS now allows for more deductions when claiming Professional Gambler as a profession. I personally just file as a sole-proprietorship, but my profession is a Professional Sports Bettor, however, I am just now starting to tell people that. Actually I just say I am a Sports Bettor. Most give me a blank look and of course the "isn't that illegal" comment...

I am currently off and worked way too far into the MLB season than I was supposed to. This was supposed to be a better season for me, but I made some emotional mistakes, however it was still profitable... For the first time I will start NFL this year... Scary... If my girlfriend wasn't so demanding for me to bet the NFL I would have never discovered "something" hopefully. We shall see...

As for matchbook and places like that, there is a problem with liquidity. Great places, but you still must preset some kind of limit for yourself, just to make sure you can get down a bet of that amount day in and day out. Well, with what I do I have to do that, others may not need to have exact numbers.

As a person from the US, moving money is extremely difficult. It takes a long time and is costly... I mean a couple of thousand is easy, but once you start hitting $10k you start to run into multiple withdrawals, multiple fees, and everyplace seems to have different rules.

I am currently not a "wealthy" person... I make enough to pay my bills, take six months off, and do pretty much what I want at this time. I do not have enough to travel, well if I emptied my bankroll I could, but right now I am still building. Eventually, I will move to Henderson, NV, just so I can be closer to the money and have quicker access to it. As for someone who mentioned $100K a week that is almost impossible. You would have to use nearly all online books and then hit Vegas as soon as the "outs" opened and sometimes you would only have a couple of hours before the books close the event, you wouldn't be able to get your bets down. Of course if you had a crew of people, maybe. Now, I suppose if you bet all year around and did very well and maxed out every bet, maybe.

Well, good luck to all of you and see you in the NFL season...

[Esco]

Good post DukeJohn

May I suggest betfair.com, its an exchange and they dont have limits

[John Dough]

Good post DukeJohn

May I suggest betfair.com, its an exchange and they dont have limits

They also don't accept Americans.

[Santo]

And their liquidity on US sports is far worse than Matchbook.

[johncrud]

There is only a DOZEN gamblers throughout the U.S that makes 100k or above. Just stating the facts that I read from an article.

[thespeculator]

And their liquidity on US sports is far worse than Matchbook.

that is what i was wondering , are they an good for football,hoops or NHL, but you answered my question,
more exchanges aren't needed it would just dilute the action, it would be better just to have a few quality options like matchbook and betfair

[John Dough]

There is only a DOZEN gamblers throughout the U.S that makes 100k or above. Just stating the facts that I read from an article.

That's even low if you meant just professional sports bettors.

If you include poker players, that's waaaaaaaaaaaaay too low.