Is there anyone here that has "MADE" their monies from gambling?

[tatehill2000]

Im talking about starting out with 5-10 grand,,, and with Discipline and solid betting strategy and moneymanagement turned it into a REAL carrear,,, enough to quit any normal job,,

Just curious about the pipe dream,,,

I know its possible,,, anyone that can hit above 58% can, within 6-8 years, amass 6 figures to work with,,,,
the question is has anyone personally done it,,

thanks,,
tater

 

[PatrickMcIrish]

I'm usually modest but must confess I've got a small fortune derived from sportsbetting. Of course I started with a large fortune but who's counting.

On a serious note not many (if any) can hit 58% over the course of their career. If they can there is no reason it can't be what they do for a living from here on out. I'd settle for 56% and make do with that. Do you know someone that hits 58% Tate? Other than RPM who has informed us he hits 71% on off years I don't even know anyone in the 60% range. I know you have been hot of late Tate but don't know your normal win %.....

 

[tatehill2000]

I only play NBA ,,, I have never won anything long term in foots,,,, I am jsut curious about the possibilities,,, I am sure many have done it,,,

theoretically if anyone can leave any sport with a profit,,, this is possible,,,, I keep all of my gambling monies seporate from my others,,, In my mind I think,,, I can keep these here from year to year,,, In 10 years I can continue to have fun,,, and have a small income,,,
who knows,,,, thats why I ask the question,,,
tater

 

[tatehill2000]

bump

 

[drunk]

The answer to your question is yes. I have won a small fortune and have lost a small fortune. When disiplined I can do it for a living. But there are the days when you go off your money management and that is where you get in trouble. That's what has put me in my holes.But when playing correctly it can be done.

 

[Seymour]

Of course you can win over an extended period of time - I don't know about having no other source of income - i would think you'd need a 200k bank to have no other source of income

 

[teamrichie]

I don't make a living at it but do fairly well. With sound money management and an above 54% win, yep you could make your living doing it. But check this out...Only 30 of the 117
services, tracked by thesportsmonitor, wound up making money for their clients in college, is that amazing or what??? Thats a little over 25% of the nationally monitored services making money actually picking winners. Many were well below 50%. As a semi-professional handicapper, i prefer to grind out a winning %, instead of selling picks but who knows what the future might bring. I work witha friend though and he does sell some picks. total football plays for the year for us are 112-87...not to bad..pros went over 60% for the first time in a while. I have another friend who went 30-15 in college thru week 8 and by going big he tripled his initial 5000 roll. Well, needless to say he has since went on a losing streak after he got the"I can't be beat" fever. He is now 35-25 (up over "7 units") and down to about 3000 in his roll. Thats down 2000 going 35-25, which we would all take over the course of the season. Odds are -250 that he will be borrowing money from me to buy his girlfriend some flowers on valentines day. I tried to steal 5000 from him a while back, to keep it safe but know how that went. We can only give information. We can't force people to follow it

 

[heart222]

Weather its gambling or the stock mangement you need large amounts of capital to handle the draw downs that pop up occasionally. you also need a source of income pension,wife,wealthy parents or friends so that you arnt betting the rent money if you will.
On the other side of the coin i know of one person who has been doing this for 32 years and has been a winner for 31 3 years ago he had an ugly year and his bet size has gone from dimes to nickles making it even more difficult. i do believe his wife is gainfully employed so the i need to win for the rent money is neccessary.
the other issue is starting capital with $5000 what is your average size bet going to be? if you bet profootb and you bet 5 games a week are you going tobet a dime each nickle or say 200 thats 16X5 90 bets lets call it 100 bets you lose 4200 make 5800 you made 1600 thats nice that took 4 months now what? don think you can live on 1600 can you? i know your going to increase bet size etc. need more capital.
I noticed the comment on the professonal touts. in addition to that i enterthe vegea insider free football contest. with 4 weeks to go i was about 600th out of around 4000 my percentage was 53% so 58 sounds easy and we can do it for awhile but its pretty tough to grind out. I had a pro basket system first week 15-2 last wek 2-10 so 17-12 now what.
I know this is wordy but i think the real answer is you need more capital. I get the same typoe of question from people who want to trade futures full time with limited cpital also. good luck and thats hat makes america great that we can all try and do differant things to arriveat asuccess. regards bobk

 

[Fishhead]

Yes

Half and half between sports betting and slots/videopoker.

Main income for quite awhile now.

 

[DENIRO]

slots??????????????????????

 

[mvbski]

yes slots but not online,in vegas video poker is a very good earn,you must have a decent bankroll to weather out the ups and downs but in the long run a very decent earn

,best promotion I ever played was double pay on four of a kind when you cashed your paycheck,I would take my winning sports tickets and send them in for mail pay,they would send back a check and they didnt no that it wasnt a paycheck

 

[SSI]

tate ive been doing this for 17yrs, out of the first 13yrs, i had about 2-3 profitable ones, the last 4 have all been profitable.. it can be done but one must be disciplined and not chase. its best to make the wagers and dont look -- until the next day... 58% can be done, i can do it.. my record has been monitored here this entire year, starting with nba and 2nd half of hockey season, then into mlb and now baskets and hockey again.. im still a $100 bettor for the most part, because i believe in nothing over 1% of bankroll for a bet.. on rare occassions (maybe more)... i also keep my bankroll for sports wagering separate from my other money..... i flat bet, use 100-150 plays as a series, hitting 58% at $100 per, over 150 plays yeilds $2200 plus.. unlike you, i play all sports and to do this full time, i believe one would have to..... the trick is to do what bobk said, build a large bankroll, have some other source of income coming in,, (rental property).. then do this.. sorry for rambling but this is a subject that im wrestling with..

 

[D2bets]

Starting with 5-10G you will starve to death before you can make a living at it -- that is, assuming you're just doing normal straight betting trying to hit 58% or 60% or whatever. If you're serious about MM and don't want to risk losing you entire BR you'd have to be tremendous just to double your BR each year. 10 to 20, 20 to 40, 40 to 80, 80 to 160, it'd be until year 4 before you did well enough and this assumes doubling your $$ annually which is really not realistic betting straight.

However, it is possible eventually if you're diligent about doing middles and scalps, though even with that it's tough starting with just 5-10 grand, tough but definitely not impossible...well, at least it wasn't in the past, may be tougher these days.

 

[tatehill2000]

thnak you,,,
thanks to all of you,,, Ireally appreciate yoru insights,,,, this is a great thread,, I do have naother income,,, and i know I am on the 10 year plan,,,, to build my BR... I have the patience,, I think it can be doen also,,,

thanks SSI,,,,
thanks to all,,,
tater

 

[MudSlideSlim]

tatehill2000, you may have a chance. lookup general's post on his due theory

 

[SportSavant]

good thread, thanks for the insight...can someone posts Generals related thread here....

 

[Kiss1]

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[WildBill]

Depends on your financial needs, your lifestyle, your endurance, and just how much you want it.

I have an article that I am working on talking about this exact subject, should be out in the next week.

 

[jimbutorac]

bobk,

you sound like somebody i went to school with (who has same first name and last initial and works in same industry). Are you in the Denver area?

 

[sportsadvisory]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>58% can be done, i can do it.. <HR></BLOCKQUOTE>
Believe it or not, expert tennis handicappers do much better than that. Roughly 75%-85%

The key to winning money is to be very selective. Most gamblers just don't have this kind of discipline. Most aren't really interested in trying.

As an example, my last wager was on December 5th. During that week there were two tennis tournaments. I bet 7 matches over the course of the week and won 6.

There won't be another tournament until early January and I can assure you I WILL NOT be placing another wager until then.

There's many talented gamblers out there but the difference between someone who can do this for a living and those who cannot is the abiliry to resist the urge for "action".

The big difference for me happened when I just said enough was enough and vowed to never place another bet for "entertainment". The added plus is that not only do I not lose money but I have alot more time to spend watching a movie with the wife or doing something that just feels more productive to me and ultimately more satisfying.


Anyway, that's what works best for me.

[This message was edited by sportsadvisory on December 14, 2003 at 02:31 AM.]