[willyback]

[buztah]

I think most degenerates here would kill to break even. As far as professionals go, let's hear from JJ, LT and MJF.

[willyback]

[20Four7]

I know of several on this forum that make between 60K and 100K a year. I'll leave it to them to make themselves known if they wish. That is a completely realistic income to hit.

[Shark79]

Originally Posted by 20Four7

I know of several on this forum that make between 60K and 100K a year. I'll leave it to them to make themselves known if they wish. That is a completely realistic income to hit.

Wow .. I would've never thought that would be possible ... that is amazing!

[Deuce]

JJGold makes 6 figures.

[donjuan]

Wow .. I would've never thought that would be possible ... that is amazing!

How is that amazing? You can make almost that much a year from just arbing and bonus whoring.

[Shark79]

Originally Posted by donjuan

How is that amazing? You can make almost that much a year from just arbing and bonus whoring.

Amazing to me it is (I dont wager big amounts) ... I would've never thought it possible for someone to have that type of earnings in a year just by gambling on sports.

Unfortunately I am not into arbing or bonus whoring ... therefore I could careless bout it.

[donjuan]

Amazing to me it is (I dont wager big amounts) ... I would've never thought it possible for someone to have that type of earnings in a year just by gambling on sports.

Unfortunately I am not into arbing or bonus whoring ... therefore I could careless bout it.

Great way to grow a smallish bankroll.

[Shark79]

I started small ... now my account is pretty decent (at least for me) ... I have Cashed Out ... but leave enuff to keep increasing the balance

[durito]

Originally Posted by Shark79

Amazing to me it is (I dont wager big amounts) ... I would've never thought it possible for someone to have that type of earnings in a year just by gambling on sports.

$ is fairly meaningless. If your bankroll is $5,000,000 and you make $60,000 a year, you aren't doing so well.

[Salcas]

I would kill to break even

[TLD]

Kind of like asking “How much does the average successful businessman make?” Way too vague. Basically unanswerable.

As far as the 60K to 100K figure, I would say up until the hugely impactful events starting a little over a year ago (UIGEA, Neteller, Pinnacle dropping its U.S. customers, and on and on), for a person who had average to above average skill as a middler/scalper/bonus hunter, and worked it like a full time job—say, averaging forty hours or so per week all year—that range is probably about right, or even a little low.

If the person was handicapping successfully and could actually make money on the merit of his picks rather than just doing the arbing and bonuses and such, then add in more for that.

If the person also had a way of bearding and getting into books he had previously been booted from, getting sign-up bonuses multiple times, circumventing wager maximums, etc., then not only would he have made more, he would have made many times more. (Here I’m talking about either blatantly fraudulent things like creating entirely fictitious identities, or things that some people would regard as fraudulent and some wouldn’t, like teaming up with multiple real people who let you use their identities and more or less control their accounts for maybe a cut of the profits.) Full time work of this kind was certainly in the six figures, and probably way into the six figures.

Then the question is how much has the ugliness of the last year or so affected that? I’d really be guessing here, but if you put a gun to my head and made me give a figure, I’ll say for the identical skill level, identical effort, identical hours, etc., a person today would make 40% of the income levels I estimated above. Maybe it’s really 20%, maybe it’s really 70%; I just know a lot of stuff has happened to make it much harder to make money.

I think most people who were doing this successfully have either gotten out of it and moved on to other things, or they’ve had to get a lot more skilled at it, or they’re working much harder and longer, or they’ve had to loosen up about how far they’ll go with the “gray area” stuff of having multiple accounts and such, or they’re just settling for a significantly reduced income.

Caveat: The evidence I have only allows educated guesses. In no way are any of the above estimates to be taken as any more than that. Other more knowledgeable posters, if they choose, could give you more accurate estimates.

[Shark79]

Originally Posted by durito

$ is fairly meaningless. If your bankroll is $5,000,000 and you make $60,000 a year, you aren't doing so well.

I thought about that ... so .. how would one get to 100,000 a year? they had to start with a 10-20 0000 bankroll? For it to be considered a good year??

[Red_Sux]

Originally Posted by durito

$ is fairly meaningless. If your bankroll is $5,000,000 and you make $60,000 a year, you aren't doing so well.

so what is a good year durito? 15% profit? that beat the stock market.

[suzysuzy]

my average is around negative 115k

[katstale]

lolol But if you started with 5 Mil Suzy--you didn't do too bad.