Making a Living through the Sports Books

[bobsimmons]

According to a contact of mine who uses a system, in order to make a living via the sports books you need to be a very good handicapper and have a winning system.


You also need to pick sports books that will not limit you according to my contact
and I have gotten feedback on the best books on this forum.


This contact of mine plans on moving to another country and live off of his sports book winning session bets. He loses individual bets but because he uses a system he wins the progression and has about three to five progressions going at a time.


DOES ANYONE KNOW OF ANYONE WHO IS MAKING A LIVING FROM THE SPORTS BOOKS BY BETTING ALONE WHO IS NOT SELLING PICKS? IS IT POSSIBLE TO RETIRE TO ANOTHER COUNTRY USING THE SPORTS BOOKS FOR INCOME?

[acw]

DOES ANYONE KNOW OF ANYONE WHO IS MAKING A LIVING FROM THE SPORTS BOOKS BY BETTING ALONE WHO IS NOT SELLING PICKS? IS IT POSSIBLE TO RETIRE TO ANOTHER COUNTRY USING THE SPORTS BOOKS FOR INCOME?

Here you got your answer:

http://www.therxforum.com/showthread.php?t=470034

[HeeeHAWWWW]

According to a contact of mine who uses a system, in order to make a living via the sports books you need to be a very good handicapper and have a winning system.

Systems are for people who can't handicap properly. They don't work, so don't waste your time on them.

[Monk]

From your forum posts it seems that you are taking this pretty seriously but that you are not a good bettor yourself. Some guy convinced you that his system will make you a big winner and before this system you have probably been losing a bit.

Why don't you try his system, no problem. But don't pay anything for it. I know a lot of consistent winners and they don't use any special "systems." They know how to spot value, that's all. Some of the biggest gambling frauds out there have word "system" somewhere, don't forget that.

[GETMONEYKID]

tell your friend to contact me immediately

[DukeJohn]

DOES ANYONE KNOW OF ANYONE WHO IS MAKING A LIVING FROM THE SPORTS BOOKS BY BETTING ALONE WHO IS NOT SELLING PICKS? IS IT POSSIBLE TO RETIRE TO ANOTHER COUNTRY USING THE SPORTS BOOKS FOR INCOME?

This question gets asked quite often and there are lots of threads about it. That link above has a huge amount of responses.

You just said your contact plans to or is doing it, so yes, it can be. Sports Betting is my sole means of income, but I do not live extravagantly by any means. Maybe one day, if everything continues to go as it has for the last couple of years, but I do not understand why your contact needs to move to another country to be successful... Of course I know nothing about his needs so...

Anyway, you can search this forum and find many, many answers to this question.

[Reload]

If you could live in Manila and eat peanut butter out of a jar for every meal, you might have a chance.

[durito]

Yes, it's possible to make a living betting on sports.

No, it is not possible to do this if you are betting chase systems.

[The Bishop]

He loses individual bets but because he uses a system he wins the progression and has about three to five progressions going at a time.

Uh oh.

[mminkovski]

No system had ever worked in a long run. You just need to find value odds - the only system that pays you back

[bobsimmons]

best advice

I read the whole thread at therxforum.com and here is some of the best advice:
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You need 3 things to make money betting sports:
1. A good sized bankroll. I would recommend $50,000 with bonuses or $100,000 with no bonuses if you don't wish to have a job too.
2. Multiple books.
3. Ability not to overbet.


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Yes, it is very possible to make a living betting on sports. Any other kind of gambling, not a chance (unless you win some rediculous jackpot, or the lottery, etc.).
You must have patience and dedication. You would also want to get a good, working system that has been consistent over the past and run that during the course of that particular sports' season. If you have a big enough bankroll, you can easily make a living off of that alone.
For example, if you found a good system that, let's say, makes 50 units of profit in one season. If you started with a $50,000 bankroll, making the units 2% of your bankroll, you would have doubled your bankroll. Now take whatever you need to live a good life, and leave a little bit extra on the top (I would say $10-20,000 in this situation), and you will be making even more profit the next year.
Ideally, you would start out with a large bankroll, somewhere near the $100,000 mark. From there, the sky is the limit if you are playing a good system, for example, and making a good bit of units each year.
Keep your money management to a science, and don't go off betting some rediculous odds. Bet smart, and you will come out a winner.
A lot of people on this forum have a problem with chasing their losses, trying to make up for all of the losses in a short period of time. While this may be accomplished a few times, in the long run it will only end up costing you more money. I am defintely guilty of this myself, and if I want to be making a living betting on sports within the next few years, I have to really buckle down and get more patience and dedication than I could ever dream of having. Only then will I be able to making a living betting on sports.

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It is not for everyone, it take a lot of discipline. Not sure why you are bringing these emotional juices into the equation. The question was asked if someone could make a living as a gambler. Now if they stick to a set of guidelines, are not a degenerate, treat it like an investment and not "gambling" and don't chase, don't mess with their bet size, than you will see that yes it is possible, the numbers don't lie

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Not trying to brag so please dont take it that way but I think with 20k bankroll I could make 50k or so a year betting.
I started with around 15k or so betting $100 a unit and up to 3 units a game and have made 27k since Sept 1st. It's all about high volume. Churning your bankroll and having 8+ outs.
I bet on average 40 units a day and 1,200-1,500 units a month. Since Jan 1st I am up over 11k, it has worked out close to 1k a week. I know I am putting 40 hrs a week into though. I have not taken off more than 2 days in a row since the beginning. IT is work but the stress level since I bet small is not that high. Win around 2-5% of bankroll bet.
I follow somewhat the same things Sean1 does. Exploiting weak lines, not weak as much as off lines. Not sure how I will do during bases but have heard it is easier for guys like me for what I am doing. The best part is I have been able to sustain this with less and in a offshore world that is alot less easier to beta than before.
So to answer your question. YES, without a doubt but realize there are no shortcuts and you must work at this as if it were a job to reap the rewards.

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A few thoughts from the other side of the pond.
There are a lot of universal truths about betting, wherever you are in the world, whatever sport you bet on.
Discipline, money management, value, always taking the bets odds/juice. Anyone not doing that has little to no chance.

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pick up the book called "smart money" by michael konik.

http://www.amazon.com/Smart-Money-Bettors-Bookies-Millions/dp/0743277139

Basically the take home message here is... to make a killing in sports betting you MUST:
1) Have a comupter program that spits out better lines than vegas does.
2) Find a place to bet that will let you keep betting if you win.
3) Always try to bet the best line (shopping)
From what he says, #2 is the hardest one. He had to make up multiple fake ID's so he could place the amount he wanted... but the future in sports betting may be in betting exchanges where you get softer lines and can't ever get kicked out.
#1 is tough because you have to either have access to data that vegas doesnt use or use a more advanced prediction system. This requires either a degree in computer science or a genious friend of yours (as in the book).
and #3 is just time consuming and is not practical for those who want to make a living sports betting .. because ppl who do this dont wanna work a 9-5 they wanna sit on their *sses and make money.
But seriously, go and read the book, it will totaly change your outlook on sports betting.

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but the keys to betting and making a living are:
(1) br can't be under capitalized
(2) money managent
(3) discipline
(4) very important...confidence and intestinal fortitude. there will be losing days ,,plenty of them have to shrug them off and go on remember a
58% capper will have only appx. 210 winning days and lose 155 of 'em

[Jontheman]

"and #3 is just time consuming and is not practical for those who want to make a living sports betting .. because ppl who do this dont wanna work a 9-5 they wanna sit on their *sses and make money."

Really? Compared to no.s 1 and 2 I'd say 3 is by far the easiest and least work.

[thespeculator]

it is very time consuming, i hope you have a good size bankroll,
good luck

[clarkd32]

maybe start a thread each day listing your picks and balance....

[Ace_of_Spades]

Well, what if you don't have 100k. I have about 5k instead.

[Justin7]

Well, what if you don't have 100k. I have about 5k instead.

Bet part time, and keep your day job until your BR grows big enough.

[GETMONEYKID]

no way u lose 3 in a row

follow ur system but use discipline

[johncrud]

i doubt many people are winning money or making a living on this forum or any forums for that matter. people rarely talk about how much they won in their lifetime because it doesn't exist. making a living is just a myth.

the very pro wins 20k, then next year they would lose it all back.. people listing their withdrawal on the payout thread are usually their deposit with very little earnings. they list that they withdrawn 5k but in reality 4500 bucks are his original deposit while 500 bucks are his actual winnings.

then come next month, he would lose his 500 bucks winnings back to the bookie. he keeps chasing and chasing his loses and eventually he would lose his entire 4500 initial deposits.

[roasthawg]

Of course there are professionals... few and far between though. A chase system isn't gonna help you retire... picking 53% winners will.

[Peeig]

Arb & Bonus Ho'.......get the bankroll flowin'

[TheBeautifulGame]

IMO, 'systems' in sports betting cannot possibly work. Every sporting event be it soccer, baseball, tennis is been played by humans with each side going out to win it. Ok, you have your favs and underdogs etc etc etc but to have an actual SYSTEM in place that guarantees a return, imo is ridicolous.

Now, taking each game say in soccer seperately, analyzing the team, the form, previous scores etc , then placing wagers based on statistical analyisis is another thing.

[johncrud]

imo noone wins in this forum or any other forum. the light bettors win 3-5k in a short peroid of time and think they are jesus but just to find out that their bankroll on tilt is imminent..

pro wins 30k-50k this year but will likely to sustain a loss next year. happen in so many forums..

[Monk]

imo noone wins in this forum or any other forum. the light bettors win 3-5k in a short peroid of time and think they are jesus but just to find out that their bankroll on tilt is imminent..

pro wins 30k-50k this year but will likely to sustain a loss next year. happen in so many forums..

This is the second time you have posted these thoughts in this thread. Interesting.

If it makes you feel better, that's fine.

[johncrud]

This is the second time you have posted these thoughts in this thread. Interesting.

If it makes you feel better, that's fine.

you are the very first super pro gambler in this forum.. you won 100k

[Stumpage]

Yes, one can definitely do it but those individuals are extremely few and far between. I have a good friend who has spent very few years in the actual work force, more or less sports betting for the vast majority of his 42+ years on this planet thus far. So it can be done.

People just have a very hard time believing that it can be accomplished, taking the viewpoint that if they can't do it, well Goddamn it then nobody can.

[TheAccountant]

The guys making a living with online sportsbooks own them!

[Alvisar]

The guys making a living with online sportsbooks own them!

So true .....

[Monk]

you are the very first super pro gambler in this forum.. you won 100k

Nah, I don't bet enough. I bet smallish amounts on competitions that other people don't know they even exist. So many compiling mistakes... Not interested to be a pro bettor at the moment.

But I know people who do earn crazy money. No system, just crazy eye for spotting value. Since they have been doing it for 5+ years I consider them to be long term winners. I am sure you will not believe this, but I couldn't care less.

[shantystar]

ou no!!!!!!!!!!!!!!!!!

[BubbleBobble]

"Picking winners" is the most useless piece of advice horseshit, and the reason why the bookmakers are the winners in the end. Spotting value and monitoring lines is what can make you money...thinking that you can cap (lol) games better than the market leaders like BM, Greek or Pin will just send you to GA..very very fast.
Note: I am talking about the average guy here, yes there are some individuals who can move lines and are respected by even the most professional books, but hey...if you have to ask those questions, you are not one of them anyway.

[20Four7]

Yes, one can definitely do it but those individuals are extremely few and far between. I have a good friend who has spent very few years in the actual work force, more or less sports betting for the vast majority of his 42+ years on this planet thus far. So it can be done.

People just have a very hard time believing that it can be accomplished, taking the viewpoint that if they can't do it, well Goddamn it then nobody can.

You forgot he also bets horses Stumpage

[Stumpage]

Ahh, yes that's true 20Four7...So he pretty much has all gambling aspects covered.

[Andy77]

For anyone who is starting out and serious about sportsbetting my advice. Don't even waist your time. Online sportsbetting is dying. Majority politicians seems to don't like gambling and unfortunately it seems that nothing we can do about it. Did anyone notice there is no more new sports books for a while. Limits started drop. More people limits cut.
It is obviously possible to be profitable but you have so much limitations now that it is just not worth it.
I wish years ago I looked more at forex and stock market then I did on sportsbetting. It take years to be consistently proftable. By the way, I never call people pro who proftable one year and next year negative.
And for those who thinks that system don't work, you are very mistaken. One think about systems is, if Oddsmaker aware of system - this is the moment when it stop working. All you need to do to develop something that no one did before. It is still posible. I don't even use systems anymore, but working systems show you how to think in the way to be proftable. When you start thinking in the right way, you notice that almost everyone thinks wrong, people constatly start arguing with you, and you stop posting cause, every week new people argue with you and only 5% people will give you credit when in the end your "strange" bet wins again and again.

[johncrud]

yep yep yep... all that research and work amounts to nothing in the end.. 70% of all people in all forums have losing record or in the negative zone. better not to do research but to pick the opposite everytime. there is a very profitable system out there--"faded brandon lang".. nothing beats having a 100k job..

systems are for fools.. just flip a coin.. fade yourself or someone else... double down if you lose..

to make a living you need at least 30k+ per year.. do you seriously think you can make 30k per year without any consequences like limiting wager amounts, etc??

[Hareeba!]

i doubt many people are winning money or making a living on this forum or any forums for that matter. people rarely talk about how much they won in their lifetime because it doesn't exist. making a living is just a myth.

If you really believe that why are you wasting your time here?

It's like most things in life, the harder you work at it the luckier you get.

Even the best and biggest pros have bad losing runs from time to time.

What differentiates them from the losers is they have superior money management skills, adequate capital and maintain faith in their proven approach.