|
|
Gambling City Forums
»
General Gambling
»
Gambling Debates
»
Is it possible to earn a living by betting on Sports?
Joined: 7/2/2011(UTC) Posts: 611 
|
Is it possible or not to be an overall winner year after year when betting on sports? And here I am not talking about arbitrage betting.
Subjects like this will always split opinions in at least two groups of people. One group saying "no way a player can beat the house which has an edge of 3% to 10%, mathematically is not possible (without bonuses at least)".
The other group (a much smaller one for sure) will tell you they know someone, or there are themselves making a living from sports betting.
I believe it is absolutely possible to overcome the house edge in sports betting! But you need to be sedulous, have a good money management and always be up with the latest news (who is injured, how is the weather and many more details) to be successful in sports betting. Remember that the ones who set the odds are people as well and they might not always get the true odds of an event happening.
I can detail way more but I'd like to hear some opinions from the other group too. All I am saying is, it is possible to make a living from sports betting (even though not anyone have the skills to do it). Are you with me?
|
 1 user thanked Constantin for this useful post.
|
|
|
|
Joined: 12/2/2011(UTC)
Posts: 290
|
I think that if someone took one or two sports and studied them constantly, that person could make a living at sportsbetting. However, the "work" required to keep up on even one sport in detail would be as much work as anything else one works at.
And even then, sports or other forms of betting can be fickle and that might mean all that work goes without a paycheck. Just building a bankroll that can stand the ups and downs of gambling can be a tough thing to do.
By far, the best way to make a million betting on sports is to start out with two million!
Katt
|
|
|
|
|
|
Joined: 7/2/2011(UTC) Posts: 611
|
There are quite some websites which do provide most of the info needed... The hardest part is to put everything head to head, and ofcourse have/build a big enough bankroll to support swings. Applying Kelly Criterion one would need about 100 units to bet on profitable games at odds of around 2.00 -- for going in super safe, a 200 unit bankroll would be enough to support the worst downswings. But of course if the odds are higher, there will be a need of a much bigger bankroll. As we as for lower odds, a lower bankroll. Doable :-) Edited by user Wednesday, February 01, 2017 7:57:06 PM(UTC)
| Reason: Typo
|
|
|
|
|
|
Joined: 12/2/2011(UTC)
Posts: 290
|
You make a point Constantin. Either type of bankroll and getting through downswings would work, mostly to keep being able to bet. But, how can a punter do that and pay the bills , rent a house, etc. He would have to have a giant bankroll so he could make large enough bets to keep that giant bankroll, while draining off money to live on. This person would have to be extremely up to date on his sport of choice and have a good bit of luck to go with it.
I think I would like to try it by starting with the 2 million. LOL
Katt
|
|
|
|
|
|
Joined: 7/2/2011(UTC) Posts: 611
|
If your selections will provide a 10% profit and you are able to find 100 selections to bet on per month, a $10,000 bankroll, should provide you with a $500 income per month. Keep increasing your bankroll by adding all your profits to it and in two years you'll be looking at over $1,200 income per month... keep doing this one more year and things will look great... Once you are happy with your income, cash out your profits once at 3-4 months and manage it in a way live on that for the next 3-4 months until you are going to cash out your profits again.
Betting bankroll shouldn't be associated with day to day expenses. That bankroll stays strictly for betting until you happy with the profits.
|
|
|
|
|
|
Joined: 12/2/2011(UTC)
Posts: 290
|
Ok Constantin, you have just made my eyeballs roll around in my head.... MATH.... But, I do understand now that you have to take a few years to build up a bankroll that would withstand the ups and downs and allow one to live on the winnings. That makes sense to me. I had been envisioning that one would need to start with a huge bankroll. Thanks!
Katt
|
|
|
|
|
|
Joined: 7/2/2011(UTC) Posts: 611
|
Yes... one need either a very big bankroll to start and live on the profits made with that right from the start, or a decent big bankroll and grow that up within a few years... Starting with $500-$1,000 wouldn't do it. Still, I see it worthy if one manage to put it all head to head.
|
1 user thanked Constantin for this useful post.
|
|
|
|
Joined: 5/28/2019(UTC)
Posts: 7
|
Well , also it's important on what kind of sport do you bet. For me I find that baseball is the most profitable where I could predict every game using my personal algorithm which is good just for baseball.I must to know that the first thing prospective baseball bettors need to do is understand how the money line works. The run line is essentially a combination of the point spread and the money line rolled into one. You do not need to worry if it looks hard just make sure that you are betting from the right site as this MLB중계
|
1 user thanked Jorik228 for this useful post.
|
|
|
|
Joined: 7/5/2019(UTC)
Posts: 4
|
Originally Posted by: Jorik228  Well , also it's important on what kind of sport do you bet. For me I find that baseball is the most profitable where I could predict every game using my personal algorithm which is good just for baseball.I must to know that the first thing prospective baseball bettors need to do is understand how the money line works. The run line is essentially a combination of the point spread and the money line rolled into one. You do not need to worry if it looks hard just make sure that you are betting from the right site as this MLB중계 Wow bro , thanks for sharing
|
|
|
|
|
|
Joined: 5/7/2020(UTC)
Posts: 41
|
I think its most certainly possible to make a living from sports betting but from what I know its only really possible when you the one that is taking the bests or laying the bets rather than full on punting them in hope of a win , and the only site i know of where this can be done is Betfair although they do have very strict conditions on who can and cannot utilize this function within their sportsbook section and its mainly Location based , that being said its the only way I have seen people not only make a living but a very good one at that
|
1 user thanked Gambinobit for this useful post.
|
|
|
|
Joined: 12/21/2020(UTC)
Posts: 1
Location: United States
|
In my personal opinion, you can earn a living from betting, I've been betting for 4 years and I can say that sometimes it's a complex domain, and you need to know a lot, but it's worth it. When I started betting, I have already understood that I can't earn anything, so I used Google in order to find some pieces of advice for beginners in betting domain, I was searching for some time and one guy on a forum recommended me to use the tipsters help, so I according to the reviews, I used the service from here: https://www.bettinggods.com/tipsters/. I can say that from this very moment I started earning money and now everything is okay with my money amount. Edited by user Wednesday, January 06, 2021 4:30:25 PM(UTC)
| Reason: Not specified
|
1 user thanked Ababyy23 for this useful post.
|
|
|
|
Joined: 11/12/2015(UTC)
Posts: 18
|
You need your own angle these days
|
1 user thanked Flex for this useful post.
|
|
|
|
Joined: 3/26/2023(UTC)
Posts: 1
|
|
|
|
|
|
|
Joined: 10/8/2023(UTC)
Posts: 8
|
Yes, you can make a living by betting on sports, but it's tough and there's no guarantee of success but there are risks involved. why? because anytime you can lose a lot of money here and because you lose that might be a reason for you to increase your bet and continue playing to recover your lost money, so there is no guarantee that it will earn a living
|
|
|
|
|
|
Joined: 11/29/2023(UTC)
Posts: 10
|
Betting on sports can be a decent source of income, but it comes with significant challenges and risks. The unpredictability of sports outcomes means losses are inevitable, and the temptation to chase losses by increasing bets can be a slippery slope. Success in sports betting requires careful strategy, discipline, and a realistic understanding that there are no guarantees. It's a tough game, and one should approach it with caution and a clear understanding of the potential financial pitfalls.
|
|
|
|
|
|
Gambling City Forums
»
General Gambling
»
Gambling Debates
»
Is it possible to earn a living by betting on Sports?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|
|