[Coldpimpin]

I was wondering if anyone made a good income gambling.

Do you make your money on online casino's? sports betting? both?

I'm currently a college student and if I could make an extra grand a month doing this, it would help out alot.

I'm probably just going to start off with a small deposit. About $200. Any advice on how to build that up to a good amount?

You've got a long road ahead of you son! Hope you're prepared for the whole spectrum of human emotions! Remember these few tidbits, if you double $10 seventeen times you'll be a millionaire....10....20...40...80...160. ..and so on! Don't play with money you can't afford to lose! Keep a running win/loss log so you're never in denial if you're losing Don't ever stiff anyone, reputation is everything! especially on this forum! I can actually say that the thrill of gambling SAVED my life when I was emerging from divorce and feeling very lost. I was only a once a year gambler prior to the divorce by the way. That said GOOD LUCK! you've only lost when you quit!

[nenad]

maybe you win 1.000 000 jackpot

[Hareeba!]

What do you guys think?

This guy knows, not thinks, you'll lose in the end.

That is not a professional approach.
Casinos just love guys like you.

I suggest you give up on the idea altogether and find a more conventional way to make your $1K per month .... like get a job.

[terpkeg]

Can I explain the system? Yes, but it would take about 3 weeks to do and a computer expert to help me out with the details. I can explain this. When it comes to serious sports wagering, I only wager in College and Pro Football. Normally College games, and normally less games as the year progresses. That is because as the year progresses, the linemakers get sharper with their lines.

I can tell you that we have a group of gamblers that base our wagers on a computer generated basis, plus a good old fashioned gut feeling about the wager. Our computer is fed facts about all 120 NCAA teams and 36 NFL teams. It keeps data for a 10 year period. The type of data stored is data concerning the players, coaches, recruits, schedules, angles and trends, as well as past performances. The computer uses a formula and generates what it considers to be the legitimate line. We then compare this line to the "lead" or "come out" lines (the lines that come out on Sunday Afternoon in Vegas for the following week) and decide how to react.

Now each of us in this little group of happy drunk football lovers invest a fixed amount of money into a general account. It takes at least 10 of us to agree on a wager to get any action. There are more than 10 of us, and no one is forced to make any wager that they do not want to. Generally speaking, we get a unanimous vote. Obviously we wager on very few games overall, compared to some of the fools we see wagerin gon 15-25 games a week. Obvioulsy we wager large sums of money on these games. The amount per player is always the same. We believe that a wager worth making is as good or as bad as the next. We NEVER play the sucker plays, those being parlays, teasers, reverse, if, or prop wagers. We look to play as many middles as possible, because middles give the best ROI by far in the business.

I follow the normal money management rules. Some of those are:

Leave the rent money at home.
Leave the plastic at home.
Never chase.
Never drink when gambling.
Develop a money management system that you are comfortable with.
When playing table games, learn how to hit and run.
Take care of the casino/book employees and they will take care of you.
Never get into a serious conversation about sports wagering with a very attractive female stranger. (You guys have no idea what you may be getting yourself into)

As far as a specific money management system is concerned, people differ. The important thing is to stick to a system once you develop it.

One other thing. NEVER EVER play poker against a professional gambler. The successful gambler knows more about you in 30 minutes playing time than you know about yourself. The professional poker player realizes that the cards are secondary, and the reading players is what is so important. I love to play a bit conservative at first, then piss people off so they get thrown off of their game. That makes them very uncomfortable, just where I want them.

These questions are to anyone with knowledge.....

I have been somewhat conflicted regarding middling games. I just feel like I was not hitting the middle enough to make it profitable. Plus, I am making the play to begin with because I see value. So, If I see value at -2 and the line moves to -3.5. Although 3 is such a critical number, I originally thought that the line should have been -4.5. That is why i played the -2 to begin with. So why take the +3.5?

Is this game going to land on the 3 enough to make this profitable long run?

Do you only middle critical numbers, 3,7, o/u42 etc?

Do you middle only a portion of your original wager?

Do you read the lines and place a larger initial wager assuming you will middle?

Are you getting reduced juice?

I middle many MMA wagers, but the market is much more fluid and I am good at spotting a poor line. So typically I will bet more units with a great chance that I will bet them back at a better number and get better odds on my initial wager. But i see reading moneylines as being different than middling lines.

[tofuman]

No. 85% of all gamblers are losers overall. That is the latest number I have. 3% break statistically even, and 12% are winners. Now the degreee to which they lose varies considerably. Many lose around 15-20% of their starting backroll. Others lose more. Still others, the suiciders who you have seen post in here many times, lose it all. The bottom line is few people who gamble are winners on a consistant basis. You have to be very good at it to win enough money on a consistant basis to live off of.

12% are winners in the long run? that is a damn good number if true..
i think it's less than 5% though.. more realistically like 1% (same is true for forex trading)

[andywend]

39 replies to the original posters question on how to make money gambling and not one of them contained any thinking "outside the box".

Just the usual talk of trying to grind away at -110 events going head to head with oddsmakers who really know what they're doing.

Its no wonder that 99% of gamblers lose.

Romo, stay away from online casinos (brick and mortar casinos as well).

If you want to make money gambling, you have to gamble against other people who know less than you do about what you're gambling on. Its just that simple.

[neverstoppers23]

To be honest I don't want to be a professional gambler ever.
I want to do something more in my life then gamble on sports, yes you can make money on it. But I would like to make a difference in the job I have.
I also wouldn't want to consider gambling a job, in that I have to win to pay the rent.

[MonkeyF0cker]

These questions are to anyone with knowledge.....

I have been somewhat conflicted regarding middling games. I just feel like I was not hitting the middle enough to make it profitable. Plus, I am making the play to begin with because I see value. So, If I see value at -2 and the line moves to -3.5. Although 3 is such a critical number, I originally thought that the line should have been -4.5. That is why i played the -2 to begin with. So why take the +3.5?

Is this game going to land on the 3 enough to make this profitable long run?

Do you only middle critical numbers, 3,7, o/u42 etc?

Do you middle only a portion of your original wager?

Do you read the lines and place a larger initial wager assuming you will middle?

Are you getting reduced juice?

I middle many MMA wagers, but the market is much more fluid and I am good at spotting a poor line. So typically I will bet more units with a great chance that I will bet them back at a better number and get better odds on my initial wager. But i see reading moneylines as being different than middling lines.

You really shouldn't listen to BigDaddy. He has no idea what he's talking about. In the long run, you're better off keeping the side with value rather than attempting to middle it. It means your wager has positive expectation. The only time its really appropriate to middle is if your middling wager has positive expectation as well.

BTW, "middling" ML sports such as MMA is called scalping.

[DukeJohn]

I was wondering if anyone made a good income gambling.

Do you make your money on online casino's? sports betting? both?

I'm currently a college student and if I could make an extra grand a month doing this, it would help out alot.

I'm probably just going to start off with a small deposit. About $200. Any advice on how to build that up to a good amount?

I am a professional Sports Bettor, however, that being said, I wouldn't say I make a great income or anything. I make enough to pay bills. It is hard to build a bankroll and pay your bills at the same time and took me a few years to get "comfortable" with sports betting. I lost a lot of money in the beginning, thinking I had the "secret" and you will too. We all do. Some catch on faster than others and some never do, but we all have that one thing in common, we all lose money in the beginning, most never stop.

As for the casino, just google wizard of odds and discover that answer. You will probably lose some in the casino before it finally sinks in. I know I have. Now, if I play in a casino, it is just to play and has nothing to do with my business of sports betting.

Starting with $200, well there is nothing you can do to make it to $1000 a month. That is the truth. I know you are going to try anyway, so you might as well start at $1 bets. Get some experience, pay your dues, literally.

You are starting down a road of hardship and frustration for at least the next few years and some never get off that road. Good luck to you,

[Hareeba!]

I am a professional Sports Bettor, however, that being said, I wouldn't say I make a great income or anything. I make enough to pay bills. It is hard to build a bankroll and pay your bills at the same time and took me a few years to get "comfortable" with sports betting. I lost a lot of money in the beginning, thinking I had the "secret" and you will too. We all do. Some catch on faster than others and some never do, but we all have that one thing in common, we all lose money in the beginning, most never stop.

As for the casino, just google wizard of odds and discover that answer. You will probably lose some in the casino before it finally sinks in. I know I have. Now, if I play in a casino, it is just to play and has nothing to do with my business of sports betting.

Starting with $200, well there is nothing you can do to make it to $1000 a month. That is the truth. I know you are going to try anyway, so you might as well start at $1 bets. Get some experience, pay your dues, literally.

You are starting down a road of hardship and frustration for at least the next few years and some never get off that road. Good luck to you,

very true
I doubt there's anyone making a living from the game who didn't lose several banks in their early days on the punt
that's the price of experience
no short cuts

[onizuka]

My suggestion, if you really want to take a chance at casino online, just do the one with live dealer. I'm not saying it is more fair but at least it have a little bit more chance to win

[Toit]

Never get into a serious conversation about sports wagering with a very attractive female stranger. (You guys have no idea what you may be getting yourself into)

Lol, could you elaborate on this further?

[LarryF]

BigDaddy is just trying to help out, take the information that you feel is useful and use it. Everyone has different styles and strategies.

[Jaug]

Only 85% lose? Isn't it more like 95%?

lol I reacted to this as well. If you want to put a general number on % losers gambling I would guess 99.5% before poker era and maybe 98% now.

[Jaug]

Bullshit.

Always drink when you are gambling.

Because your bookmaker is drunked also.

You only need to fugg him.

Easy buiseness

[Jaug]

If bigdaddys gambling group is for real, I don't think he is the reason it does well that's for sure.

[BigdaddyQH]

Nearly every book of the 60+ cheated me in any way Hareeba, but thatīs ok, thats their buiseness

Obviously you are one of the 85% of gamblers who lose on a regular basis. Most losers blame the books for cheating them out of something. I suggest you get out of the business because you obviously have no idea of what you are doing. Stop your pathetic whining. Go to Vegas and tell me how one of their books cheats you. What a pathetic post.

[Smurf71]

Moonbeam, when you look at the world, what do you see? Is it like black & white TV? Though yes...books , many of them are happy to get your money but when you take theirs, they will limit you, throw you out and many of them would confiscate your balance in a process.
BigDaddy says that football is way to go for a pro. Could be for him but I strongly disagree. The best sports to make money are baseball and college basketball. Those are taking place on separate sides of the year with only 60 days between them so one can bet only on those and do very well. They both offer so many betting opportunities and at times Vegas lines have their weak spots there. 150 CBB teams , or 2400+ games in MLB season. It is not a weekend sport. That does not mean that football is not good sport. It is , just that football is the hardest sport to make money with. In this industry information is the most valuable thing. When you possess right info day in and day out and have strong self discipline, you can rip your bookie a new asshole!

[johncrud]

I was wondering if anyone made a good income gambling.

Do you make your money on online casino's? sports betting? both?

I'm currently a college student and if I could make an extra grand a month doing this, it would help out alot.

I'm probably just going to start off with a small deposit. About $200. Any advice on how to build that up to a good amount?

asking if anyone make a living or how to make a living are the most commonly asked question. people wont share the secret to you even if they know the answer. trust me.. i wouldn't too.

70-80% posters said chasing don't work but for me it works out great. there are many ways you can do your chasing.. you can chase team A 3-6 times.. another option would be chasing team A-team B-team C-team etc... Not all chase methods are equally effective..You decide what is effective for you. Most people chase all their plays on the same day... for example.. first he bets on clev, then det under if the first one lost, and now chase 1h spurs if det under lost... just to give you an idea of how things work..

[BigdaddyQH]

Moonbeam, when you look at the world, what do you see? Is it like black & white TV? Though yes...books , many of them are happy to get your money but when you take theirs, they will limit you, throw you out and many of them would confiscate your balance in a process.
BigDaddy says that football is way to go for a pro. Could be for him but I strongly disagree. The best sports to make money are baseball and college basketball. Those are taking place on separate sides of the year with only 60 days between them so one can bet only on those and do very well. They both offer so many betting opportunities and at times Vegas lines have their week spots there. 150 CBB teams , or 2400+ games in MLB season. It is not a weekend sport. That does not mean that football is not good sport. It is , just that football is the hardest sport to make money with. In this industry information is the most valuable thing. When you possess right info day in and day out and have strong self discipline, you can rip your bookie a new asshole!

Smurf, all I am saying is that for our group, football is the way to go. That does not mean for everyone. College hoops is the sport that has more fixes and shaves in it than any other sport. In the old days, it was easy for us to find out which games were involved, but now, with the feds watching so closely, it is a lot more difficult. Still, when one sees a 12 point performance in the second half like USC did AT HOME against Oregon last night, one does have to wonder.

The reason why we choose football is because we can make the most money with the least invested by middling games. Since we normally have 6-7 days after the original line comes out, there is plenty of time to study line movement. With Hoops and Baseball, you do not get that option. But again, that is our opinion. We are successful with it. I am sure that there are others who are just as successful wagering on Baseball or Hoops.

[BigdaddyQH]

asking if anyone make a living or how to make a living are the most commonly asked question. people wont share the secret to you even if they know the answer. trust me.. i wouldn't too.

70-80% posters said chasing don't work but for me it works out great. there are many ways you can do your chasing.. you can chase team A 3-6 times.. another option would be chasing team A-team B-team C-team etc... Not all chase methods are equally effective..You decide what is effective for you. Most people chase all their plays on the same day... for example.. first he bets on clev, then det under if the first one lost, and now chase 1h spurs if det under lost... just to give you an idea of how things work..

You just contradicted yourself. First, you say you would not share the secret of winning, and then you go on to rant about how successful you are at chasing. Now which is it? Do you talk about how you allegedly win money, or are you a loser overall?

[johncrud]

I still haven't shared my secret to you yet. all i am saying is that chasing works (at least for me).. if I deliberately share my chase system in detail with you or others, then I am really contradicting myself.



p.s imo internet chats are nothing but good drama.. when you say one thing works, you will always find oppositions that don't agree with your opinion no matter how logical your opinion sounds. internet=politic=fail

no big deal. i do what works for me regardless of what other say. as for your question, yes i am in the positive overall. also, i have redeemed over a dozen of sbr pizzas myself mostly through gambling winnings.. i am not active online lately so i havent had the chance to make any bets..

[John Dough]

all i am saying is that chasing works

[Thremp]

BigDaddy,

I'm having trouble listing the 36 NFL teams. What are they?

[JW Cash]

asking if anyone make a living or how to make a living are the most commonly asked question. people wont share the secret to you even if they know the answer. trust me.. i wouldn't too.

70-80% posters said chasing don't work but for me it works out great. there are many ways you can do your chasing.. you can chase team A 3-6 times.. another option would be chasing team A-team B-team C-team etc... Not all chase methods are equally effective..You decide what is effective for you. Most people chase all their plays on the same day... for example.. first he bets on clev, then det under if the first one lost, and now chase 1h spurs if det under lost... just to give you an idea of how things work..

How true JohnCrud....

Chasing is my main sports investment vehicle......has been for years...

I started doing a 3 game chase but like a good strong 2 game chase now...

I actually use a chase sequence that has some flat betting qualities that
are designed to divide and greatly limit risk....

The two most critical things are 1) Strength of the play and 2) Risk Management.

When I have a chase loss.....i simply divide the loss into upcoming chase
series until the loss is absorbed and off the books.....this is usually a very
short timeframe given the high win percentage of a successful chase sequence.

Then, I simply " rinse and repeat "

[tatommack]

I do not very good at it though

[ncat12]

This game is for the strong of mind you have to be a cold blooded bastard to stay in it

well said.arrogance, egotistical,.. a kind of 'my shit dont stink attitude
as far as your roulette deal goes I read what Einstein had said about roulette 'the only way a player can win at roulette is by stealing chips when the dealer is not looking'..you have better luck going for 20 different 5 team parlays and 20 different 5 team teazers..different days of course 1 and 1
dont forget about how much down time there is, unless you are a baseball fanatic
good luck to ya and hope you can hit a $10 10 team par that should take care of you for 9mos

[John Dough]

This thread is scary.

[RickySteve]

Why is this thread in this forum?

[ncat12]

one other thing if you could make a thousand $'s a month there would not be all those big ass casino's in the freaking desert with all of the nice ass accomodations free drinks .all that chit

[durito]

Why is this thread in this forum?

Because Reload is a moderator.

[Toit]

BigdaddyQH, Why is one not allowed to talk to a hot looking chick?

[moonbeam]

Obviously you are one of the 85% of gamblers who lose on a regular basis. Most losers blame the books for cheating them out of something. I suggest you get out of the business because you obviously have no idea of what you are doing. Stop your pathetic whining. Go to Vegas and tell me how one of their books cheats you. What a pathetic post.

lol bigdaddy.

I guess you donīt have any clue but you are a very funny guy

[skrtelfan]

I'm pretty sure most advantage players have higher EV with a few beers in them than a sober person "hitting and running" the table games.

[gambleballs]

Go to Vegas and tell me how one of their books cheats you. What a pathetic post.

Vegas books cheat daily, just not in the most obvious ways. I probably called the gaming commission two dozen times last year to report infractions in the sportsbooks. Voided bets, one sided action, moving on air when u are at the counter. They don't care because they get away with it.