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Can you really make $40K a month bonus scalping?
Are there any really good bonus scalpers here? If so, do you use any informational resources like forums on scalping? I've dabbled in scalping and have some made money. Recently I came accross this guys site: www.bonusmonger.com
He claims he makes $40K a month. Anyone here know how he does it or should I buy the ebook and find out? I've bought other ebooks before but they haven't told me anything I don't already know. I would appreciate any feedback. Thanks.
Last edited by Sean; 01-07-07 at 03:55 PM. Reason: link removed
~ Spam ~
SBR Founder Join Date: 10/30/2005
But NO !
IMHO one cannot in these days & times make a living scalping
SBR Founder Join Date: 10/30/2005
fishhead makes $63k a month scalping. very easy work Cali and there are about 75 on this forum here who net $1700 a month, easilly,
Cali, go ahead and buy the iBook and fwd it to me and we'll split the cost. that's whhat they call averaging down in the stock market
thanks pal
SBR Founder Join Date: 10/9/2005
"OK, maybe I'm biased since I'm originally from Seattle and have been a Seahawk fan long before the "cinderella season" we had in 1984. NOW IT'S OUR TIME....
The Steelers are going down....31-24
The whole world will see what west coast football is all about...
I've got 2 dimes on Seahawks +174 on the ML
SBR Founder Join Date: 10/9/2005
Fisheahd..how do you make $63K/month? Do you have a really large amount invested?Originally Posted by compaqDikk
$1700 should be very easy, I'm sure anyone can make $3K/month or more just by reloading sportsbooks. But $40K or $60K is "real" money. You would have to many people helping and lots of money invested to make that much I think.
Prolly just the usual RX crap blabla...there have been better times, but right now consider yourself to be very good if you make 10k/month.
Not even close to what he really makes..
SBR Founder Join Date: 11/16/2005
closer to 100K
JJ, McIrish and Fish used to be a scalping syndicate but they caught JJ skimming
SBR Founder Join Date: 10/30/2005
You can make about $2000 a month if your lucky but you need 100K offshore and at some weak books so when when goes down all your profits are done. If you break it down though with all the time you need it comes to like $11 an hour
Not worth it
SBR Founder Join Date: 7/20/2005
One of my best thread/topic of 2006
1. 99.5% of straight betting gamblers are losers over a ten+ yr period. So dont think about it
2. If you want to make $$ with sports gambling first thing you do is scrape up a 'honest' bankroll that you dont need to live on. May take you years
3. I would say a min bankroll is 15K
4. Learn what a "scalp" is and at what % is profitable. There are programs on the net to do the compilations for you, a free Excel one is always floating around.
5. Do NOT think scalping is easy money because it aint. Long hrs watching your computer screen[s] and a mistake is easy to make! Nothing worse to find out you have the same team twice, that can happen.
6. Just an example: Open 3 online accts like pinny, matchbook, greek & have a Local or 2. deposit 5K into each. get all the deposit bonus you can and have at least a 3k local limit.
7. Start slowly, dont be worried about picking up a $20.00 scalp to begin with. Think about it like walking down the street and you see a 20 spot laying on the ground! Are you too ashamed to bend over and pick it up?
8. Once you get your 'sea legs' under you let the sky be the limit.
9. Explore the so-called minor sports, good scalps there
10. Next : Learn all you can about 'middles.' For me they were the hardest to grasp insofar as making a profit. Lot more math involved. You will need to add more outs than 3.
11. Limit your middling to basketball to begin with, focus on NCAA. Mistakes can kill you here also! Having the same side twice is easier than you think.
12. So you want to make a straight bet on the 'big tv game' ?
13. Nothing wrong with throwing a few dollars on a gm, hell, it should be fun, right? So make sure it is FUN and not sweating! Nothing worse than to lose a whole week of scalping/middling on one fvcking gm that at halftime you know you have a loser.
14. Ok, so how much $$ should I wager on a straight bet for 'fun' ? IMHO -- never more than 15-20% of the scalping/middling profit made in the last 5-7 days. How many fun bets should I make a week? Go reread point #1
SBR Founder Join Date: 10/30/2005
A lot less..closer to 100K
JJ, McIrish and Fish used to be a scalping syndicate but they caught JJ skimming
SBR Founder Join Date: 11/16/2005
I almost moved this thread as spam. But it turned out to be educational
No one makes 40k a month scalping. Scalping is tough, long work. A good scalper that is well financed and has Vegas outs and runners can make $40/hour. You can make a lot more playing weak numbers than scalps, but you still have to be well financed.
Reno had a bike in the 80s that he used for 2 cent scalps in vega$. he usually netted like $17 a day and put about 200 miles on his bike shopping
SBR Founder Join Date: 10/9/2005
Never say never.I almost moved this thread as spam. But it turned out to be educational
No one makes 40k a month scalping.
It is not clear that just playing weak numbers (value bets) is more effective than scalping (surebets). If you are scalping you can play much more bets per month because you need not to analyze any games to find out where the week numbers are, you just need to calculate your winnings! There are months where I play more than 1000 arbitrage bets. Furthermore you can play with higher stakes - money mangement is not so important. So the question which one of the two methods is better is a very interesting one. I think it depends on the bettor and his personality.
SBR Founder Join Date: 8/11/2005
Sorry to be the loser that doesn't know, but what exactly is scalping?
A real simplification:
Book XYZ has
Team A -130
Team B +120
Book ABC has
Team A -150
Team B +140
Bet team A at XYZ & bet team B at ABC
SBR Founder Join Date: 10/30/2005
No, absolutely, positively, 100% NEVER.Never say never.
99% of arbs have negative expectation on one of the legs. You're giving away huge amounts of equity on these bets because you lack the ability or will to perform an actual risk analysis.
Nice post Sam...
SBR Founder Join Date: 8/10/2005
I see. But what would be the right amount to bet on each side? In super small terms, betting 13 to win 10 on team A with XYZ and 10 to win 14 on team B with ABC would only make you a winner if Team B hits... if Team A hits, you just broke even.
SBR Founder Join Date: 8/11/2005
Thanks for the plug.
Best to link to the betting tools from Betting Tools Temporary Home.
SBR Founder Join Date: 8/28/2005
This is not the case. No expectation is given away.
eg
2 leg scalp
Outcome A 2.05
Outcome B 1.98
Correct odds for both outcomes is 2.0
Straight bettor bets $100 (10% of bank) on outcome A
over 100 bets profit is $250
Scalper bets (100% of bank)
Outcome A $491.32
Outcome B $508.68
Return 1007.20 on either outcome
$720.00 profit over 100 bets
The straight bettor would not (or should not, maybe Ricky would ?) make the scalpers bet so it is not possible to lose equity
The quote above shows no understanding of variance or money management.
As a side benefit the scalper will turn over any bonus requirements far more quickly.
I'm afraid I'm going to have to disagree with your analysis on this.
For a player with an appreciable bankroll, the main difficulty with scalping is that limits tend to be quite low in relation to that bankroll. While your argument would make more sense for a sufficiently risk averse bettor wagering in markets with sufficiently high maximum bets, the reality is that most successful scalpers usually operate at a level far below their bankroll capacities.
In other words, while a scalper might wish to lay 100% of his bankroll on a given bet, maximum bet levels may allow him to only lay (let's say) 0.5% of his bankroll. In such a situation, as RickySteve points out, it would be foolish for all but the most risk-averse of bettors to complete the scalp with a negative expectation bet.
In fact, even in the case of a risk averse bettor operating with large limits, a bettor would still be wise to overplay the positive expectation side of the bet. Using your example from above, and assuming sufficiently high betting limits:
A scalper who was uncomfortable taking any betting risk would wager 49.13% of his bankroll on outcome A and 50.87% of his bankroll on outcome B.The point that RickySteve is making is a good one. If a bettor is able to identify the leg of the scalp that contains the value and if he has the stomach to tolerate the bankroll fluctuations (which, given the relatively low limits of most scalp-able bets, most successful scalpers will typically have), then he should completely bypass the hedge portion of the scalp. What's more, even if the bettor is not comfortable taking on the risk of not hedging, he should still bet more on the advantaged leg of the scalp than would be implied by a perfect hedge.
However, because nearly all bettors are willing to take on some risk, those bettors would do better wagering more than 49.13% of their bankrolls on outcome A, and the remainder on B.
SBR Founder Join Date: 8/28/2005
This is why scalping is so low-EV. Sharper players more tolerant of risk eat up the value. There are several syndicates in Las Vegas with multi-million dollar bankrolls doing this full-time. If they see a "half-scalp", they play the +EV side. This is why the big books in Vegas never have (for long) a +EV play against Pinny's no-vig line.
[QUOTE=CA_Bettor06]Fisheahd..how do you make $63K/month? Do you have a really large amount invested?
QUOTE]
It is easy for him making 63K a month, did'nt he have 3500 accounts funded?
scalping and making money is extremely difficult in my opinion...
SBR Founder Join Date: 8/18/2005
Aside from ascertaining if it's possible, just consider one thing.
Making money this way is dependent on not a great deal of other people doing it (do you really think that the industry can take 10,000 people making $40,000 a month for a whole year?). Therefore, if you're making $40,000 a month then why would you dilute your income by selling a cut-price ebook?
SBR Founder Join Date: 8/10/2005
If someone is actually making money scalping/arbing why don't they post some stuff immediately after making their wagers and we can check line histories to confirm their stories?
How about some advice and tutorials as well.. Thought we were here to help each other?
A lot of storytellers around..
Last edited by imgv94; 01-08-07 at 02:46 AM.
SBR Founder Join Date: 11/16/2005
If I knew how to make $40,000 a month scalping, there's no way I'd post in on a public internet forum. That's not being selfish, that's being smart.
SBR Founder Join Date: 8/10/2005
If you need some advice, the site arbforum.co.uk is a good beginning.
But don't expect anybody will speak about his specific way how he finds his arbs. Nevertheless the site will be interesting for you.
SBR Founder Join Date: 8/11/2005
I can post up some lines if you really want to check but no profitable arber is going to give you any tutorials
A very good arber is looking at a 100% or slightly more RPA of their bank so $40k a month would require a bank of $480,000.
This I suppose is possible with multiple duplicate accounts all over the place but knowing how hard I work with $150k it is too much work for one person.
The industry couldn't afford alot of people making $40k a month and it is irrelevant as that is an unrealistic figure,firstly most people don't have the funds to even make $4k a month and 99% aren't smart enough to do it full time anyway.
Last edited by tribet; 01-08-07 at 03:23 AM.
No one is making 40k a month doing this if they were they surely wouldn't be telling everyone the secret..
A guy I know on here had that ARB alert software and ihe told me all about it, it was a lot of waiting on the computer to be alerted of an 0.87% ARB and you had to have a ton of books a lot of them rated D or less on here..
SBR Founder Join Date: 11/16/2005
- Mabye your friend uses the wrong service?
- Maybe he is not fast enough to catch the arbs?
- Mabye he cannot write his own search software?
- Maybe he has not much experience finding his own arbs or
not so obvious arbs which an arb service cannot find?
- And perhaps he uses the wrong books?
I don't know, but I know arbing can be very profitable.
SBR Founder Join Date: 8/11/2005
I tried registering on that site it keeps giving me an error message..
Is Arbing profitable in NBA or College Basketball?
SBR Founder Join Date: 11/16/2005
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