[jolmscheid]

This is a very good point Sawyer...just 6% each month will double the roll in a year! NIce....now the only problem is knowing how to successfully do that!

[jolmscheid]

If I knew I could CLEAR just 5% per month, I would be a very happy camper knowing how that adds up quickly over time......but of course I am not smart enough to know how to do that or who to follow to do that...

[mr.inpak]

you could do it scalping and middling

[Inkwell77]

From what I have concluded it's all about discipline, stats, and finding flaws in the lines.

You can't let emotion take a part in any of your picks. This is especially important in second half lines if you play these. Sitting at a book watching a game for the first half and thinking something is going to happen in the second half is just like flipping a coin and the juice will kill you long term.

You can take advantage of lines but betting against the public or with the public is dumb. The Sportsbooks in Vegas really don't make that much money, they are the lowest priority in most casinos. Many casinos have the books for their customers enjoyment, not to make a ton of money. Now, it seems like other companies are just leasing the space and the casinos are doing away with operating low profit books.

[hampt333]

Dont quit your job, work until you have built a nice financial base, to where you can throw 50K into the betting arena no problem, let that mature, then retire some odd years early, then live off sportsbetting.

[jolmscheid]

Dont quit your job, work until you have built a nice financial base, to where you can throw 50K into the betting arena no problem, let that mature, then retire some odd years early, then live off sportsbetting.

I think this is spot on! I am sure many professional gamblers are VERY HAPPY with 3-4 units PER MONTH.....and because they are betting a lot more on each game, they make a very nice income....am I wrong?

[Johnny 55]

yes

[AzNDooM]

making a living from sportsbetting, you need alot of capital. In addition excellent cash management with risk analytical skills. I know a few pros doing it and they arent spending money everyday. They make a modest living but its not as luxury as everyone makes it out to be. They put in the hard yards of 8 hour days analysising/watching games. In addition, some books have closed them off due to making consistent money over the years (IN Australia anyways, you would never have that problem with Pinnacle).

[CHUBNUT]

i've been doing it for years and if I was any good at anything else I would have quickly packed it in because its a curse of a life. Its more than a full time job, its constant to the point where you have no social life as your frightened you might miss something while your supposedly relaxing. At least a few years ago I made good money for all the downside but its got harder the last 3 years or so. Closed or restricted accounts make it harder getting the best and exchanges have run out of idiots making mistakes.

Opening prices move so fast nowadays throughout the industry it puts pressure on you to do your work faster, leading to mistakes. I'm earning half what I was getting 5 years ago and I'm seriously thinking of giving it up to just get off the merry go round and concentrate on futures, which seems to be the only big advantage left to the sharp operator.

Dont believe the waffle you read on forums about the glamourous life of a pro bettor, I wouldnt wish it on anyone. Well paid job with plenty of perks, holidays, weekends off. Why would anyone trade that for 8 hours plus in front of a screen riding a rollercoaster of emotions that will have dead by 65.

[fleeced]

so very very sad

[uva3021]

Move to Vegas and get comped for a free room, might be a fairly nice living

have one kid out of wedlock and pay the child support, at least your fitness is > 0 (a solitary life of betting and i can assure you it will be hard to facilitate kin selection, thus initial fitness = 0)

[chunk]

Time demands will depend heavily on how you choose to carve out your slice of the pie, but once the kids are gone, you're divorced,and you've lost your day job, you should be good to go. If you are an anti-social loner type, your probability of success increases dramatically.

[tonycarr]

I would think the real object would be to double your roll on every season/sport you are profeciant at.

[Joe Dogs]

Interesting read

http://www.sportsbettingforaliving.com

[jolmscheid]

Interesting Joe Dogs.....too bad he doesn't continue on with it!

[sharlataans]

Time demands will depend heavily on how you choose to carve out your slice of the pie, but once the kids are gone, you're divorced,and you've lost your day job, you should be good to go. If you are an anti-social loner type, your probability of success increases dramatically.

Quite a lot of truth here!

[Aman_Dage]

The strategy that you described is absolutely horrendous.

[wrongturn]

What chunk describes is quite true, sadly.

[chilidog]

Interesting read

http://www.sportsbettingforaliving.com

The author of this blog is a member of SBR.

[chipper]

Sounds like a very stressful life... definitely not for everyone.

[TheMoneyShot]

I agree with what Bill Dozer said. It's all in how much money you need to live on to survive. Anything is possible.

There are so many systems you can use... the problem is... everyday is a new day. Your mind may change the game plan all of a sudden. It happens to the best sports cappers in the world. Here's my checklist:

1. Positive Momentum - Stick to your game plan/system and don't get greedy. One false move... one bad break on a game... say bye bye to your positive momentum.

2. Confidence - You can only gain confidence by winning. I don't care what anyone says. You lose the confidence gained... that is your fault! Example: A Person who went on a 23-7 run out of their last 30 plays would have more confidence than someone who's 12-18. Meaning... when you make your run... don't get greedy. Don't go away from your game plan. But people do it all the time.

3. Money Management - If you bet $100 a game... stick with $100 a game. Don't go $150 or $200. If you bet $20 a game... don't bet $50 or $70. You must stick with knowing how much your 1 Unit risk wager is.

My all time belief... you must learn to FADE PUBLIC FLOW. If you are one of those gamblers who must FLOW WITH THE PUBLIC... you aren't going to live too long in this industry.

[donjuan]

Gonna be in Chicago this summer. Worth checking out Alinea and how far in advance should I book?

[rick50time]

no one does besides that boxer dude..

[the_mathman]

Interesting read

http://www.sportsbettingforaliving.com

greath blog!
Thank you!

[EasyHustlin]

Interesting read

http://www.sportsbettingforaliving.com

I don't get number 2 how is betting both sides at -110 a profitable scalp?

[Salamander]

Ah gambling for a living, your money for nothing and your chicks for free.

[TheMoneyShot]

Interesting read http://www.sportsbettingforaliving.com

I don't get number 2 how is betting both sides at -110 a profitable scalp?

This guy actually made a diary on this $hit? LOL Come on bro. I've been doing this for 12 years... you don't have time to sit and write about your life's story on the ups and down of sports wagering. Unless you're actually getting paid to write it? IMO anyone can come up with a story like this. There's not much information here... the only way to truly work the systems this guy is talking about is having several books offshore and reduced juice. Why would you want to lose the juice constantly on Risking 11k -2.5 and then risking 11k +3 in Vegas? That's ridiculous. Then this guys talking about BASEBALL??? Right after the NBA playoffs is when the professionals take their vacations. Get away from the stats, figures, pressure etc. Some get right back into it during the NFL Preseason games... others wait until opening week of college football.

[JustinBieber]

Meh, I figured from what that guy wrote he wasn't at all that good. He didn't write anything I didn't know or thought was anything other than basic and didn't seem much more knowledgable than me and I am certainly not good enough to bet sports for a living.

[chunk]

This guy actually made a diary on this $hit? LOL Come on bro. I've been doing this for 12 years... you don't have time to sit and write about your life's story on the ups and down of sports wagering. Unless you're actually getting paid to write it? IMO anyone can come up with a story like this. There's not much information here... the only way to truly work the systems this guy is talking about is having several books offshore and reduced juice. Why would you want to lose the juice constantly on Risking 11k -2.5 and then risking 11k +3 in Vegas? That's ridiculous. Then this guys talking about BASEBALL??? Right after the NBA playoffs is when the professionals take their vacations. Get away from the stats, figures, pressure etc. Some get right back into it during the NFL Preseason games... others wait until opening week of college football.

I have to agree with Moneyshot concerning this diary stuff(especially during basketball season)...just no time. I take the summer off too. I've been at this a long time and burnout seems to set in earlier every year. Btw, anybody notice a change in the market this year concerning openers? It seems as though I was always better off playing certain +ev plays early(college bb). This year, prices were often times better the following morning. Probably a tough question to answer without more info, but thought I'd throw it out there. Maybe it's my imagination....I'm getting old.

[wiffle]

if you dont understand how -2.5 and +3 is profitable at -110 you should really take up basketweaving

[cranzter]

The way I look at it is that every angle you have, vegas knows about and changes the odds accordingly. Because of this I am happy with hitting 55%

[chunk]

The way that I look at it is that if what I've been successful at is really just random luck, I hope that it lasts a few more years because then I don't care.