i'm finished. retiring from sports betting

red007 · Mar 27, 2011

this will be my last post at rx. i
will be cashing out my small balance monday morning at the only book where i have funds remaining at.
not making money at this anymore so its time to retire from this career.
lost a bit over 11k so far this year.
last year i lost a bit over 56k.
year before that i lost a bit over 26k.
year before that i made a bit over 21k.
year before that i made a bit over 20k.
year before that i made a bit over 75k.
year before that i made a bit over 47k.
year before that i made a bit over 118k.
year before that i made a bit over 191k.
year before that i made a bit over 70k.
year before that i made a bit over 92k. that was my last year of grad school.
graduated and never got a "real" job. this was my job.
but its not fun when you don't make money. i should have just quit after last year but tried to grind w/ small bankroll and didn't work out. now i know its time to stop. would i do it again? i don't know. working from home w/ no boss, no commute and wearing a tshirt and shorts was great until i stopped winning.
now i can see if my degrees are worth anything in the "real world"
time to make a resume.
good luck to you all.
and as a legal disclaimer all my bets were make believe
using monopoly money and imaginary sportsbooks.

KingofNicotine · Mar 27, 2011

Good luck. See you next week. Look forward to your Final Four picks.

seanm0520 · Mar 27, 2011

If you've actually made that much, and lost so little, why would you retire? The numbers prove you make money at and make good money at it. That is, unless of course you've pissed every cent away that you won so now you're paying losses out of your pocket. Either way, best of luck in your life endeavors.

And share some secrets first, of course.

oldirtyku · Mar 27, 2011

seanm0520 said:
If you've actually made that much, and lost so little, why would you retire? The numbers prove you make money at and make good money at it. That is, unless of course you've pissed every cent away that you won so now you're paying losses out of your pocket. Either way, best of luck in your life endeavors.

And share some secrets first, of course.

b/c he does not have another job/source of income and has not made a crap in the last 6 years.

Kruser6 · Mar 27, 2011

Obviously a lot has changed in the sportsbetting world in the past few years which has made it a lot harder for professionals to make money at this. The difficulty of transferring money alone and the closure of a books/casinos to the US are 2 big factors making it hard to make money in this game.

TomGshotput · Mar 27, 2011

an average net of over $50k per year was a truly great run, red

if you invested (especially since most of the earnings came early in your run) and didn't buy shit, you should be set to use that half million to live ok even just sitting around in your underwear all day without having to work for a boss

best wishes (since you know it isn't luck) in whatever path you take next

quantumleap · Mar 27, 2011

I've enjoyed your posts red. It seems as though you were one who backed up your statements as opposed to those who were bullshitting.

Good luck in the corporate world.

bucsfan67 · Mar 27, 2011

red's a good guy, have met him at the bashes, i like him.....he is probably just burnt out, more than a financial thing, thats just my guess...

i think we'll see him back some day, even in a smaller role......he'll work it all out

best of luck

eoghater · Mar 27, 2011

the lines are sharper, the options are more limited, and watching the same shit over and over again will get you burnt out.

Don't blame you at all.

Scoops · Mar 27, 2011

Best Wishes Red
:toast:

PatsFan1283 · Mar 27, 2011

I never got that serious into sports betting to be doing it full time but I have been betting on sports/high stakes fantasy sports since I finished college and Im pretty burnt out by it too. It just bores me now and anyone smart enough to do it could make so much more $ doing something else. Just got other interests ive always wanted to do and finally want to pursue rather than waste 20-30hours a week following sports.

FairWarning · Mar 27, 2011

Good luck Red. Heck of a run.

wilheim · Mar 27, 2011

Best of luck Red in whatever the future holds for you. I want to extend an invitation to what should be a great Rx Bash this August at our most impressive venue to date. I expect Sportsavant to post complete details in the very near future..

All the best, wil.

Doug · Mar 27, 2011

Winning is now impossible, great timing !

GOLFINGMAUMELLE · Mar 27, 2011

PatsFan1283 said:
I never got that serious into sports betting to be doing it full time but I have been betting on sports/high stakes fantasy sports since I finished college and Im pretty burnt out by it too. It just bores me now and anyone smart enough to do it could make so much more $ doing something else. Just got other interests ive always wanted to do and finally want to pursue rather than waste 20-30hours a week following sports.

What he said :103631605

GREENHEAD · Mar 27, 2011

You never get burnt out IF you're winning.
You will get burnt out if you're losing.

fred12 · Mar 27, 2011

You are not a loser until you quit

bigbet1234 · Mar 27, 2011

Bonus whoring ain't what it use to be.

Good luck

red007 said:
this will be my last post at rx. i
will be cashing out my small balance monday morning at the only book where i have funds remaining at.
not making money at this anymore so its time to retire from this career.
lost a bit over 11k so far this year.
last year i lost a bit over 56k.
year before that i lost a bit over 26k.
year before that i made a bit over 21k.
year before that i made a bit over 20k.
year before that i made a bit over 75k.
year before that i made a bit over 47k.
year before that i made a bit over 118k.
year before that i made a bit over 191k.
year before that i made a bit over 70k.
year before that i made a bit over 92k. that was my last year of grad school.
graduated and never got a "real" job. this was my job.
but its not fun when you don't make money. i should have just quit after last year but tried to grind w/ small bankroll and didn't work out. now i know its time to stop. would i do it again? i don't know. working from home w/ no boss, no commute and wearing a tshirt and shorts was great until i stopped winning.
now i can see if my degrees are worth anything in the "real world"
time to make a resume.
good luck to you all.
and as a legal disclaimer all my bets were make believe
using monopoly money and imaginary sportsbooks.

stale · Mar 28, 2011

give us a glimpse of your new resume

PatsFan1283 · Mar 28, 2011

GREENHEAD said:
You never get burnt out IF you're winning.
You will get burnt out if you're losing.

Totally disagree. Trust me I've won a decent amount of $ over the past few years but it isn't easy and just isn't worth the time investment. Between neteller gone, matchbook closing and fantasy sports getting harder (lets face it sites like rotoworld and espn make it much easier for the idiots in my leagues to narrow my EV)

Why do you think you can't get burnt out if your winning? You can win and it still not be worth your time. Not like I said I was getting rich or anything, just made a decent supplemental income that compromised other aspects of my life and I'm growing out of (didn't mean to hijack the thread or anything)

Also, I'm just kindof bored by sports to be honest. Don't get me wrong I love it as entertainment but to win at sports betting you really need to follow it on a crazy level.

i'm finished. retiring from sports betting

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