Forum: Classic Threads From The Past - Visit here for a great "blast from the past" and view some terrific, informative and interesting "Classic Threads" posted by thousands of savvy sportsbettors over the years here at The Rx.com.....

Thread: can u really make a LIving SPORTS GAMBLING ?

Page 3 of 7 FirstFirst 1234567 LastLast
  1. #51  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    Quote Originally Posted by dr03 View Post
    The problem isn't winning. You can flip a coin and have a 50/50 chance you win. The problem is the general mental makeup of a gambler that prohibits them from winning longterm.


    You all are not thinking about the emotional juices that kick into your brain when you get pummeled and want to get back "at the man" like I see all the time, only to end up broke in the long run.
    Well this is your living. You can't afford to do this. 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.
    Reply With Quote  
     

  2. #52  
    Rx Wizard Iceman's Avatar
    Join Date
    Oct 2005
    Location
    LasVegas...okay?
    Posts
    11,732
    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.
    Reply With Quote  
     

  3. #53  
    RX Senior
    Join Date
    Oct 2005
    Location
    minnesota
    Posts
    1,808
    Quote Originally Posted by everythingthatsgreen View Post
    Well this is your living. You can't afford to do this. 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.

    The emotional juices are the main thing that prevents someone from making a living as a gambler. I've seen it a ton of times on this forum, losing bankroll to blackjack, chasing loss after loss. Gamblers are generally greedy people who hate to lose and always want more money. You basically have to be a robot to prevent those emotions from kicking into your head.
    Reply With Quote  
     

  4. #54  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    And like it has been said many times...

    This is something that is not for everyone, just like not everyone can be a brain surgeon or stock trader.

    If you chase, you lose over the long term...What more has to be said about that topic...Assuming said person were a professional, they would already know this and would not risk their business doing this..

    Chasing gambling losses w/ black jack....????

    How can you even argue that..?

    Again you are pointing out possible downfalls for someone who chooses to gamble for a living but that is not what is being asked. You don't have to be a robot, you have to be smart, lucky, have balls, and discipline. A set of rules and guidelines that you don't break. Losing 5k on CFB and trying to win it back tomorrow in blackjack is obviously not what I am talking about. I am talking about a professional who treats his job like a professional, not a degenerate.

    This is not like college where you have 60/300 people from the business school graduating with Accounting degrees. It is more like 1/15,000 or something higher that decide to be a professional gambler and make a living from it. I am the only person I know outside of the internet that has this desire to make a living gambling sports.
    Reply With Quote  
     

  5. #55  
    RX SemiGod WVU's Avatar
    Join Date
    Jan 2000
    Location
    WV/Florida
    Posts
    11,648
    you have a much better chance of winning by playing blackjack than by sports gambling so running to the casino may not be a bad thing for some.
    Reply With Quote  
     

  6. #56  
    RX Senior
    Join Date
    Oct 2005
    Location
    minnesota
    Posts
    1,808
    You can set all those rules and guidelines in place, but unfortunately you can easily break those rules and guidelines you set in place. You are your own boss, you ain't getting fired if you decide to chase losses, but I will get fired if I break company policy. So let's say you set these rules in place, and you do shitty, lose thousands of dollars, then what? Your a gambler for a reason, you will chase those losses, maybe you win, maybe you lose, probably you lose, but no way emotion doesn't kick in. You cannot hold back the animal instinct. This forum is my perfect example for that.
    Reply With Quote  
     

  7. #57  
    RX Senior glenrobinson's Avatar
    Join Date
    Dec 2005
    Location
    NYC
    Posts
    2,285
    its all about money management, extreme money management....my father has been doing it for 30+ years.....it takes a huge toll on a person and their family in my opinion
    Reply With Quote  
     

  8. #58  
    RX Senior
    Join Date
    Oct 2005
    Location
    minnesota
    Posts
    1,808
    Very very extreme money management. 95 percent of the people on this forum are wannabe's, including myself. These days if I place a bet and win anything substantiate, I will just cash it out right away.
    Reply With Quote  
     

  9. #59  
    Rx Wizard Iceman's Avatar
    Join Date
    Oct 2005
    Location
    LasVegas...okay?
    Posts
    11,732
    I do agree somewhat with the whole discipline thing. It is weird as I have a buddy who I have taken under my wing and he got beat pretty bad in Feburary doing almost the exact same thing as I am doing. After we reviewed things on a daily basis and I stressed the discipline this takes to win, he has had a winning month in March.

    You have to stay the course. Counting last year I have not had a losing basketball month doing this. I was put to the discipline test this month as I got down close to 30 units around March 10th but have won 36 units since than and am now up 8 units for March. It has been struggle but I honestly have not staryed from my plan that I know has won for me over a 7,000 bet sample size the past year.

    I think some people can handle the discipline and daily grind it takes with out doing something stupid in the long run. While some others almost just don't want to win. I always say to my buddy, you don't want to win do you after reviewing some question able plays on his part. Hard work is the key to anything.
    Reply With Quote  
     

  10. #60  
    EX BOOKIE ACE-ACE's Avatar
    Join Date
    Oct 2003
    Location
    Michigan
    Posts
    20,098
    I Have Been One That Has Beat The Nfl 10 Out Of The Last 13 Years...last Year Got Me...2004-2005 All Bets (ALL SPORTS BETTING)And Bonus $180k...this Year Doing Good In Bb...but Still Down For The Year

    So

    If One Wants To Do This For A Living....you Better Save Some From Those Years That You Will Loses!!!

    It Helps Having Other Thing Going...like A Few Rental Homes And A Business That Runs Itself...

    You Have To Ask Yourself How Much You Need To Live And Go From There...what Is Your Needs...for Me...once You Have Money You Dont Need It Any More...it Becomes A Game...I Feel Time Has More Value Than Money Some Days!!!!...I Live Good Because If I Make $10,000 I Live My Life As If I Made $6000....this Way You Alway Have Some For Those Bad Runs In Life!!

    Ace-ace
    Reply With Quote  
     

  11. #61  
    As in all forms of ganbling you have to get an edge. Find something that works and stick with it. Corrlated parlays, beating line moves are just two as both sean and Ice have stated. For years teasers were suppose to be a sucker bet until some looked outside the box and realized there was money to be made(BS teasers).
    Reply With Quote  
     

  12. #62  
    RX Member pj.sports's Avatar
    Join Date
    Jun 2006
    Location
    Canada
    Posts
    771
    i'm still learning and this is how i'm doing:

    1k is my bankroll and anytime it reaches $1.5k, i take out 0.5k and start fresh (I've been cashing out twice a month for the last 4 months.)

    what goes up must come down. if i have had a great day in gambling, i know it's really hard but i try not to gamble the next day and usually it works like a charm. well last friday was the best day of my gamblin life (won 7 teamer, 4 teamer and 4 x 3 teamer) and the next day i stayed off and luckily avoided 1-4 tragedy.
    Reply With Quote  
     

  13. #63  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    Quote Originally Posted by WVU View Post
    you have a much better chance of winning by playing blackjack than by sports gambling so running to the casino may not be a bad thing for some.
    Are you serious about that?

    You guys are making my head spin with this stuff.

    A better chance in BJ, a game where it is known that the house has the edge, than sports gambling where you can use a little skill and actually have 55%> of winning...

    If I am correct in saying this, you have a 43% chance of winning a hand of black jack.. That is laughable..
    Reply With Quote  
     

  14. #64  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    Quote Originally Posted by dr03 View Post
    You can set all those rules and guidelines in place, but unfortunately you can easily break those rules and guidelines you set in place. You are your own boss, you ain't getting fired if you decide to chase losses, but I will get fired if I break company policy. So let's say you set these rules in place, and you do shitty, lose thousands of dollars, then what? Your a gambler for a reason, you will chase those losses, maybe you win, maybe you lose, probably you lose, but no way emotion doesn't kick in. You cannot hold back the animal instinct. This forum is my perfect example for that.

    To get back to this.. You chase if your in a sprint..A professional gambler should not be sprinting ever! If you are skilled at this than the law of averages says at the end of the marathon you will end up @ your point, whether it be 55% or 60%. Its over the course of the season not 1 week.

    Which now goes back to how you bet your money.. If you got 40% of your bankroll on the line in 1 week than that is your own damn fault if you lose and decide to chase. You shouldn't have that much on the line. Rome wasn't built in a day and you won't be rich tomorrow.

    Sure you might have a few losing weeks but the key is not to panic.
    Reply With Quote  
     

  15. #65  
    RX Member billsfan's Avatar
    Join Date
    Oct 2005
    Location
    Las Vegas, NV
    Posts
    7,564
    Quote Originally Posted by everythingthatsgreen View Post
    Are you serious about that?

    You guys are making my head spin with this stuff.

    A better chance in BJ, a game where it is known that the house has the edge, than sports gambling where you can use a little skill and actually have 55%> of winning...

    If I am correct in saying this, you have a 43% chance of winning a hand of black jack.. That is laughable..

    Both are longterm winning activities.
    Reply With Quote  
     

  16. #66  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    I know a person who makes a living playing BJ...

    I am not disputing that it is possible. I am disputing your chances. You have a better chance capping sports if you are remotely decent at it than you do at winning in BJ..

    BJ might be the most popular game in the casino but it certainly does not have the best odds.
    Reply With Quote  
     

  17. #67  
    EX BOOKIE ACE-ACE's Avatar
    Join Date
    Oct 2003
    Location
    Michigan
    Posts
    20,098
    Quote Originally Posted by everythingthatsgreen View Post
    Are you serious about that?

    You guys are making my head spin with this stuff.

    A better chance in BJ, a game where it is known that the house has the edge, than sports gambling where you can use a little skill and actually have 55%> of winning...

    If I am correct in saying this, you have a 43% chance of winning a hand of black jack.. That is laughable..






    THE HOUSE HAS A 2% EDGES THE LOWERS ODDS AND THE BEST ONE TO BEAT...NOW CARD COUNT AND YOU CAN HAVE THE 2% ON YOUR SIDE

    THIS IS WHY THIS IS ON THE BACK OF MY TRUCK




    SO WHAT WVU SAID IS TRUE...

    AA
    Reply With Quote  
     

  18. #68  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    48%?

    I thought it was 43% but that is a wash anyway..

    Card count with 5decks or whatever the casino uses, that is incredible..

    Of course there is single deck black jack which ends up getting reshuffled quicker than you can turn around.

    It is possible but in no way do I agree that you have a better shot at BJ than you do handicapping sports if you are decent at what you do.

    You make money in BJ altering bets, counting cards, and whatever other method you got but if you tell me you win 58-60% of you BJ hands I will have to raise an eyebrow. Maybe you won 60% today but not over the course of the long term.
    Reply With Quote  
     

  19. #69  
    RX Senior everythingthatsgreen's Avatar
    Join Date
    Sep 2005
    Location
    New Jersey
    Posts
    1,549
    I have sat down at a table and lost 10straight hands of BJ before..

    I have never went 0-10 in capping sports ever in 1 day..

    "At the end of the day, it is the luck of the draw, the common sense and the sensible betting actions of the player which can give good results, together with the help of the strategy tables. Blackjack is a game of skill and luck and if played correctly, can be enjoyable and rewarding. "
    Reply With Quote  
     

  20. #70  
    RX Senior austintx05's Avatar
    Join Date
    Mar 2006
    Location
    Texas
    Posts
    4,706
    everythingisgreen - I agree with what you are saying...gambling for a living is not for everyone and thos who it is for is probably in the 1%, but 60% is outrageous. Maybe you have a year where you go 60%..but I would ask how many plays was this over? 20 or 200? I don't think most realize that if you were proven 55% on avg every season, one could do this for a living.
    Reply With Quote  
     

  21. #71  
    EX BOOKIE ACE-ACE's Avatar
    Join Date
    Oct 2003
    Location
    Michigan
    Posts
    20,098
    Quote Originally Posted by everythingthatsgreen View Post
    48%?

    I thought it was 43% but that is a wash anyway..

    Card count with 5decks or whatever the casino uses, that is incredible..

    Of course there is single deck black jack which ends up getting reshuffled quicker than you can turn around.

    It is possible but in no way do I agree that you have a better shot at BJ than you do handicapping sports if you are decent at what you do.

    You make money in BJ altering bets, counting cards, and whatever other method you got but if you tell me you win 58-60% of you BJ hands I will have to raise an eyebrow. Maybe you won 60% today but not over the course of the long term.

    ITS 2% EDGE FOR THE HOUSE...IT IS THE BET GAME IN THE CASINO TO WIN IN THE LONG RUN...SURE THE CARDS CAN TURN AGAINST YOU IN THE SHORT RUN...THE EDGE IS WHEN THE COUNT IS -15 AND THE DEALER HAS 16 AND YOU HAVE 13...THE RULES SAY YOU LET THE DEALER BUST....MY COUNT SAID TO TAKE THE HIT BECAUSE THERE IS 15 SMALL CARDS IN THE DECK...PLUS YOU CAN USE YOUR HEAD...IF THE COUNT IS -15 AND THE LAST 6 CARDS WAS 10 OR HIGHER...WHAT WOULD YOU DO...

    NEVER PLAY THE AUTO RESHUFFLE OR THE ONE HAND DECKS...YOU CANT COUNT ON THOSE....6 CARD DECKS WITH A CUT AT 52 CARD IS GREAT....WHEN THE SHOE IS ALMOST OVER AND THE COUNT IS HIGH...THIS IS WHERE YOU MAKE YOUR MONEY.....YOU WILL WIN OUT OF 100 HANDS 52...AND YOU TRY TO BET LOW VS MINUS AND HIGH VS PLUS COUNT...THERE IS A ART TO IT

    AA
    Reply With Quote  
     

  22. #72  
    RX Senior
    Join Date
    May 2006
    Location
    Miami
    Posts
    4,822
    To the person who asked about away dogs, yes, I bet every baseball away dog. I increase my wagers a little bit come late August/Sept when the public think some teams have quit.

    Up through 2005, if you bet every away dog over 20 or 25 years (I can't recall how many I checked) at an average line, you would be up 1 unit. Last year was better than that. I can generally get about 7-8cents on average better than an average line, so you can figure out how many units that is per year.

    Regarding needing $500,000 to make a living gambling, that is insane. If someone gave me $500,000 to start betting with today, I'd have 8 figures in less than a decade. With $100,000 I can comfortably make $100-200k/year. With $10,000 I can pretty easily make $50,000 in a year. With $200 I am pretty sure I could have $10,000 at year's end.

    But it's a grind - a big grind. I enjoyed gambling 10 years ago. Now it is a chore. But one that supports other things.

    Sean
    Reply With Quote  
     

  23. #73  
    RX SemiGod WVU's Avatar
    Join Date
    Jan 2000
    Location
    WV/Florida
    Posts
    11,648
    Quote Originally Posted by everythingthatsgreen View Post
    Are you serious about that?

    You guys are making my head spin with this stuff.

    A better chance in BJ, a game where it is known that the house has the edge, than sports gambling where you can use a little skill and actually have 55%> of winning...

    If I am correct in saying this, you have a 43% chance of winning a hand of black jack.. That is laughable..

    Blackjack has a 1/2 % house edge. Your 43% doesn't take into account pushes. Sports betting has a 5-10% house edge depending on the juice. Your money will last 10-20 times longer playing blackjack.


    for every 100 bucks playing blackjack you will lose 50 cents assuming you know basic strategy. For every 100 bucks you wager on sports you will lose 5-10 bucks to the house on juice.
    Reply With Quote  
     

  24. #74  
    RX Junior
    Join Date
    Apr 2006
    Location
    Woods
    Posts
    98
    March 25th will be exactly 32 months as a bankroll professional. Here is my story.

    I'm 43 and have been gambling on pro football with a local most of my life. For fun only, 50 to 100 a game, i've lost more than I've won. In 2003, everything changed. I finally decided to see what this Internet stuff was all about. At the age of 39, I logged onto the internet for the 1st time. I had seen bet on sports adds in magazines and was curious about internet gambling. I sent 329 to BOS and opened an account. My origional plan was to bet on pro football, but, after checking out the site, I found something that I thought I could be good at, NASCAR GAMBLING. I grew up a redneck in a redneck town and had been a NASCAR fan all my life. I grew up going to the local dirt track every saturday night. The 2003 Daytona 500 was coming up, so I made my 1st internet wager. Earnhardt JR. 100 to win 250 and Waltrip 50 to win 250. Waltrip won the race. I realized at that moment that I could make money off of Nascar. At the end of the season, I had turned a 329 deposit into a 2000 profit. By the start of the 2004 season, I had become pretty much obsessed with Nascar gambling. I started the season with 947 total deposit and played only 4 books ( greek,pinnacle,sportsbook.com and royal). I was having a really good year and so, on July 25th 2004, I quit my pizza delivery job, which I had for 4 years and went BANKROLL ONLY. At the time, I had about 3000 total in my pocket, about 3500 total in my accounts. In August, I moved out of my brothers house, bought a $350 camper, and moved to the National forest, just a 6 mile drive from my home town. I used a generator to study past race film, about 4 to 6 hours a week, and I used 2 candles to study hand written stats from my notebook each night. I used the library internet, 1 hour a day, and used a pay phone to place most of my early bets. I had weekend acces to a family members computer for pinnacle and race day wagers. I posted the entire 2004 season at majorwager Pit Lane (about 600 picks). I started the season with 947 and ended with a profit of 10,000. I started the 2005 season with about 3500 and ended with a profit of 14,000. From Aug 05, to dec. 05, I did deliver flowers 2 days a week for $7/hr. My only job the last 32 months. In 2006, I had a tough season. I also moved my camper into my sisters back yard. I have electricity and cable tv. I started with 3500 and ended with a profit of only 6500. I was barely making it financially. I got lucky, though. In October 2006, I was on my way to pick up a dominoes pizza and someone ran a red light and slammed the rear of my van. The $3500 insurance payment kept me from seeking employment. I started 2007 with 2000 in my accounts. I'm off to a really bad start, -1200 so far but I'm still BANKROLL ONLY, as of today. I will probably have to get a part-time job soon. I currently have about $500 in my pocket and $800 in my accounts. I AM A PROFESSIONAL NASCAR GAMBLER!!! This story is 100% true. So, yes, you can make a living betting on sports!!!
    Reply With Quote  
     

  25. #75  
    RX Senior
    Join Date
    Oct 2004
    Location
    buffalo
    Posts
    1,793
    thats a great story,"Heartman! Does ur sister have room in her yard for me and my tent because the way things are going for me that is where im heading.
    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •