My best advice on how to make 30k a year betting sports.....

Iceman · Oct 12, 2007

BET 1 MILLION DOLLARS A YEAR. I know this may sound stupid but it is that simple and is the first step to having a chance on making that kind of money betting. You can't make X amount of dollars with out putting X amount of money into play. I remind myself this all the time.

One of the things I have added to my monthly record keeping is how much money I put into play a month.

I think alot bettors have unrealistic expectations when they bet. This is along the same lines as money management to me. If you are going to bet seriously you should have an idea of how much you bet and how much you expect to win and this will help you from chasing and going on tilt.

Record keeping is a must I believe in being a winning player and keeping track of how much you bet is something I dont think most put enough emphasis on.

Realisitcally a 3% ROI is about 53.8% against -110 lines, which is very good.

harrington · Oct 12, 2007

Iceman said:
BET 1 MILLION DOLLARS A YEAR. I know this may sound stupid but it is that simple. You can't make X amount of dollars with out putting X amount of money into play. I remind myself this all the time.

One of the things I have added to my monthly record keeping is how much money I put into play a month.

I think alot bettors have unrealistic expectations when they bet. This is along the same lines as money management to me. If you are going to bet seriously you should have an idea of how much you bet and how much you expect to win and this will help you from chasing and going on tilt.

Record keeping is a must I believe in being a winning player and keeping track of how much you bet is something I dont think most put enough emphasis on.

Realisitcally a 3% ROI is about 53.8% against -110 lines, which is very good.

You need money to make money. Agree.

jjgold · Oct 12, 2007

All you do is invest all that money in the market or real estate (apt rentals) and you will be rich long term with ZERO risk.

boatboatboat · Oct 12, 2007

I know this is not what you are talking about.

But in live betting my goal is to get a win locked up on either side of the line.

It is not uncommon at all for me to wager 3k a game, and only have 150 bucks won on either side.

My wife will ask me after the game how much I bet, and when I tell her 3k, she always gets a shocked look on her face and asks "did you win".........when I tell her, that I won, 147 dollars, she gets an odd look on her face.

Seymour · Oct 12, 2007

JJ, most people don't have the one million in cash - but they might have 50k cash and bet $500 a game - before you know it you've bet 1 mil.

Seymour · Oct 12, 2007

But yes, anyone who has a million dollars and does nothing but hoard it for their bankroll would be a total idiot as the stock martket will out perform this.

Iceman · Oct 12, 2007

Seymour said:
JJ, most people don't have the one million in cash - but they might have 50k cash and bet $500 a game - before you know it you've bet 1 mil.

EXACTLY.

Maybe I should have stressed that point. I obviously dont have $1,000,000 to my name but sportsbetting allows leverage to put that much into play with say a 10k-20k bankroll.

SSI · Oct 12, 2007

you know im going to disagree.......

viking611 · Oct 12, 2007

bet one game...30K all in. Wait for your lock city.

blueedwards · Oct 12, 2007

viking611 said:
bet one game...30K all in. Wait for your lock city.

that's what i'm talkin' about.

viking611 · Oct 12, 2007

blue edwards said:
that's what i'm talkin' about.

illini currently holding on to some money he owes me...he wants me to lose it...i'm thinking about doing one of these!

blueedwards · Oct 12, 2007

viking611 said:
illini currently holding on to some money he owes me...he wants me to lose it...i'm thinking about doing one of these!

i hear he is taking all the iowa bets that come his way...you could run him into hiding if you take the moneyline.

Iceman · Oct 12, 2007

SSI said:
you know im going to disagree.......

Not sure what you mean.

A 3% ROI is realisitic and attainible.

If you can do better that is great but my point is most people never think of how much they have to bet to win a certain amount of money.

I remember a few years back betting the NFL with a buddy and after a long season he seemed dissapointed in how much we were ahead, which wasn't much. If I remember correctly we were up around 1k combined for the whole year and after we figured it out and looked at it realistically we actually overacheieved a little. I think he thought betting $50 a game that we would be way up for the year.

MrJ · Oct 12, 2007

You need money to make money. Agree.

He's saying turnover of one million dollars, not one million dollars of capital. Making 2000 bets of $500 a year gets you there.

All you do is invest all that money in the market or real estate (apt rentals) and you will be rich long term with ZERO risk.

You won't get anywhere near the return that betting at 3% ROI would give.

Realisitcally a 3% ROI is about 53.8% against -110 lines, which is very good.

Sure, but we both know you don't have to be a "~54% vs WA -110" bettor to make 3% ROI.

just_me_sam · Oct 12, 2007

viking611 said:
bet one game...30K all in. Wait for your lock city.

I agree.... but it takes the patience of a ninja

:money8:

fhmesq44 · Oct 12, 2007

start w/ $63,000 and put $30k on each side?

MrJ · Oct 12, 2007

start w/ $63,000 and put $30k on each side?

It would be possible to make 30k by betting both sides of a game

boatboatboat · Oct 12, 2007

Mr J said:
start w/ $63,000 and put $30k on each side?

It would be possible to make 30k by betting both sides of a game

That is what fish head does.

You can turn a 2% profit a day, if you look for the right juice at various books.

Seymour · Oct 12, 2007

Neteller's collapse really fucked things up for alot of people.

paftraft · Oct 14, 2007

So far this week I bet 15,593 & am ahead about 550 with Sunday to go.

My best advice on how to make 30k a year betting sports.....

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