Scalping could be a ridiculously easy way to A) become a bonus whore and B) make real easy money. I did it this year with baseball for about 60% of the season or so, with money scattered around many many sportsbooks... Let's see... Pinnacle, 5Dimes, Olympic, Bet365, BetJamaica, Millenium, *gasp!* SIA, CanBet, and I think there were a couple more that I can't remember the names of. I wouldn't drop 150K into offshore sportsbooks, but whatever you're comfortable with, you can figure my results into, and note that I NEVER took a side in a game. I would put about 40% of my money into Pinnacle, as they have lines that move a hell of a lot faster than anyone else does. I just scalped these based off of what was available at the current moment. Get a live odds service too. That'll help with your abilities to scalp other sports overnight.
On the average week in baseball, I netted right around 1.32% on my base. Without stating my size bankroll, we'll assume it was a $10K bankroll, which is what a lot of gamblers use. That's $132 a week. Also keep in mind that this was scalping baseball only. With $150K bankroll, I'd put probably $1000 into a couple crappy sportsbooks that offer golf and Nascar matchups. Most have really small limits (like $50 or $100) on these events, but I can recall seeing a particularly crappy book make it so 70% of the matchups offered were scalpable with Pinnacle, because Pinnacle updates their lines religiously and the other books don't (and don't have the action to warrent moving the lines). Tennis isn't as easy, but particularly on day 1s and day 2s of tournaments that are in Asia that start at 2:00 eastern time, the crap books won't update overnight lines in all likelihood, while Pinnacle is constantly updating. Very often you can find both sides +105 or higher, which is a GREAT scalp. Tennis limits are usually much higher than these Nascar matchups.
All in all, I wouldn't expect too much out of scalping in, what I refer to as "the offseason" (non-baseball season), but they're out there for those willing to look. With whatever you're comfortable with putting into offshores though, put into the offshores. Nothing is 100% safe, but between collecting some of those bonuses and scalping baseball, you can take the pressure off yourself as a gambler, and probably just have to shoot for 0.75% profit a month or so, or in your case $1125 a month in gambling, something that I believe with your capping skills is attainable on a month-to-month basis.
Greatest thing about scalping... you're not losing. Now if you become good enough at it to take sides, you can really make a mint. But even just sitting there right as some of the lesser books open their lines in the mornings (usually around 9:30-10:00 eastern) with your Pinnacle live lines open, you can find some great scalps available.
Not saying this is the answer for you, but it's a start.
--AFLGuru:toast:
On the average week in baseball, I netted right around 1.32% on my base. Without stating my size bankroll, we'll assume it was a $10K bankroll, which is what a lot of gamblers use. That's $132 a week. Also keep in mind that this was scalping baseball only. With $150K bankroll, I'd put probably $1000 into a couple crappy sportsbooks that offer golf and Nascar matchups. Most have really small limits (like $50 or $100) on these events, but I can recall seeing a particularly crappy book make it so 70% of the matchups offered were scalpable with Pinnacle, because Pinnacle updates their lines religiously and the other books don't (and don't have the action to warrent moving the lines). Tennis isn't as easy, but particularly on day 1s and day 2s of tournaments that are in Asia that start at 2:00 eastern time, the crap books won't update overnight lines in all likelihood, while Pinnacle is constantly updating. Very often you can find both sides +105 or higher, which is a GREAT scalp. Tennis limits are usually much higher than these Nascar matchups.
All in all, I wouldn't expect too much out of scalping in, what I refer to as "the offseason" (non-baseball season), but they're out there for those willing to look. With whatever you're comfortable with putting into offshores though, put into the offshores. Nothing is 100% safe, but between collecting some of those bonuses and scalping baseball, you can take the pressure off yourself as a gambler, and probably just have to shoot for 0.75% profit a month or so, or in your case $1125 a month in gambling, something that I believe with your capping skills is attainable on a month-to-month basis.
Greatest thing about scalping... you're not losing. Now if you become good enough at it to take sides, you can really make a mint. But even just sitting there right as some of the lesser books open their lines in the mornings (usually around 9:30-10:00 eastern) with your Pinnacle live lines open, you can find some great scalps available.
Not saying this is the answer for you, but it's a start.
--AFLGuru:toast:
well thanks for the responses guys.
World, i couldnt get $1000 where i live, probably looking at $500 month.. southern tenn, about 30 miles north of huntsville ala... I can build 2 new ones (brick) for $150k and expect a return of 2k per month.. my living expenses (here) are very low and i dont owe much, 3k per month would be great... only debt is house in which i have a substantial amount of equity.. also owner of a convenience store (just business)...
i could also borrow 150k -- against my 150k for a cost of only 2% yearly, this is a great option -- if your turning over properties, which is another option for me,,,, where i am at, i can buy houses in the 30-40k range and flip them or if getting stuck with them,, simply rent them out...
also would consider a : check cashing/money loaning business, the people here--that do them, make a killing.. about 100% yearly on all you loan out. loan $200 payback $34 every month -- and still owe the original $200.. but you have to realize the kind of people that your dealing with..
anything else?
World, i couldnt get $1000 where i live, probably looking at $500 month.. southern tenn, about 30 miles north of huntsville ala... I can build 2 new ones (brick) for $150k and expect a return of 2k per month.. my living expenses (here) are very low and i dont owe much, 3k per month would be great... only debt is house in which i have a substantial amount of equity.. also owner of a convenience store (just business)...
i could also borrow 150k -- against my 150k for a cost of only 2% yearly, this is a great option -- if your turning over properties, which is another option for me,,,, where i am at, i can buy houses in the 30-40k range and flip them or if getting stuck with them,, simply rent them out...
also would consider a : check cashing/money loaning business, the people here--that do them, make a killing.. about 100% yearly on all you loan out. loan $200 payback $34 every month -- and still owe the original $200.. but you have to realize the kind of people that your dealing with..
anything else?
As far as risk free ideas go, zero coupon bonds can net you around 0.6% non-compounding on a 10 year bond. That doesn't really sound like what you're looking for, though. For 2% you're going to have to take risks.
The duplex idea is good, first thing that came to my mind. I've had a lot of experience developing and managing real estate, so I can speak to some of your expectations.... I don't think a duplex is going to give you the kind of return that you want. We got around 3,400/mo from one we sold in austin recently, the 2 residences (5 beds, 3 of which we added through remodels). After property taxes and insurance, the profit was around $1400 per month. The value of the property aside, that's 0.6%, right on what you're looking at for zero coupon bonds.
For the kind of return you're looking for, I would seriously consider buying and remodeling houses. If you shop for awhile, you can get some very reasonable deals on moderately distressed homes. Make sure to get your contractor to come with you as he can spot foundation problems and give you an estimate on any repairs. Get him to teach you everything he can.
If you want some representative examples...bought a house built in the late 60's for 30K, spent about 2 1/2 weeks redoing the floors, repainting it and cleaning the exterior. Sold it a month later for 50K.
Make friends at the bank, occasionally there are large developments that go under. Bought 5 "modular" houses that a group had moved onto various properties around the area. They brought them down in pieces from somewhere up north and assembled them. Average price was around 80K, highest was 120K. Sold them for %200 after finishing them out ourselves, most of the work was landscaping, a fair bit of interior trim/paint/floor work.
So long as you're willing to get your hands dirty, this kind of real estate development is the best investment I can recommend to you.
a post script on that property you have, if it is large enough consider developing a mobile home park. They can be cash cows.
The duplex idea is good, first thing that came to my mind. I've had a lot of experience developing and managing real estate, so I can speak to some of your expectations.... I don't think a duplex is going to give you the kind of return that you want. We got around 3,400/mo from one we sold in austin recently, the 2 residences (5 beds, 3 of which we added through remodels). After property taxes and insurance, the profit was around $1400 per month. The value of the property aside, that's 0.6%, right on what you're looking at for zero coupon bonds.
For the kind of return you're looking for, I would seriously consider buying and remodeling houses. If you shop for awhile, you can get some very reasonable deals on moderately distressed homes. Make sure to get your contractor to come with you as he can spot foundation problems and give you an estimate on any repairs. Get him to teach you everything he can.
If you want some representative examples...bought a house built in the late 60's for 30K, spent about 2 1/2 weeks redoing the floors, repainting it and cleaning the exterior. Sold it a month later for 50K.
Make friends at the bank, occasionally there are large developments that go under. Bought 5 "modular" houses that a group had moved onto various properties around the area. They brought them down in pieces from somewhere up north and assembled them. Average price was around 80K, highest was 120K. Sold them for %200 after finishing them out ourselves, most of the work was landscaping, a fair bit of interior trim/paint/floor work.
So long as you're willing to get your hands dirty, this kind of real estate development is the best investment I can recommend to you.
a post script on that property you have, if it is large enough consider developing a mobile home park. They can be cash cows.
SSI, I have an answer for you. That is SCALPING. I have been doing this for about 2 months and with the bankrole of 5K, I've been making about $500 a month. I'm using a software right now which will go out there and find the holes in diff books. It has a server that will log on to 70 diff books, and whenever there 's a hole(trade) it will let you know. Here are a few thing that software will do for you:
1. Will pop up on your computer screen whenever there's a trade.
2. Will tell you what is the % of the trade, the smaller the %, the more money you'll make.
3. will tell you which books have the diff lines, and what are the lines.
4. Will tell you exactly how much to put in those 2 books and how much profit you'll make out of that trade.
This is exactly what AFLGuru was talking about, but he was doing it by himself. That will take a lot of time to search for diff books, and he basically just based on the line movement of Pinn. This software have 70 diff books and it get updated every minute.
The 10% profit that I made for the last 2 months were only for Football. I only have to do it on Sat and Sun. And I could have made much,much more if I had a bigger bank role. Every weekend, I have to sit and watch all of the trades availble but couldn't do anything because I don't have enough money. Now, with Hockey, NBA and NCAA basketball starting to heat up, I can see that 10% could increase as high as 15 or even 20% due to every day trading. And all of the people who have done this for a while told me that Football is nothing compare to Tennis. I can't wait till Feb come when Tennis starting up again.
SSI, I have been followed your Baseball picks and appreciated for all the info that you have given to this forum. This is something I want to help you and show you my appreciation. It will make you at least 10% a month RISK FREE. Your money won't be tied up for emergency. You don't have to work that hard with all of your system.
If you are interested, let me know or ask the Mod for my email. I will be more than happy to let you know all the details about this.
PS. Think about this, 10% profit monthly. Compounding the profit and bankrole for 24 months, now you can do the math.
:money: :money: :money: :money: :money:
1. Will pop up on your computer screen whenever there's a trade.
2. Will tell you what is the % of the trade, the smaller the %, the more money you'll make.
3. will tell you which books have the diff lines, and what are the lines.
4. Will tell you exactly how much to put in those 2 books and how much profit you'll make out of that trade.
This is exactly what AFLGuru was talking about, but he was doing it by himself. That will take a lot of time to search for diff books, and he basically just based on the line movement of Pinn. This software have 70 diff books and it get updated every minute.
The 10% profit that I made for the last 2 months were only for Football. I only have to do it on Sat and Sun. And I could have made much,much more if I had a bigger bank role. Every weekend, I have to sit and watch all of the trades availble but couldn't do anything because I don't have enough money. Now, with Hockey, NBA and NCAA basketball starting to heat up, I can see that 10% could increase as high as 15 or even 20% due to every day trading. And all of the people who have done this for a while told me that Football is nothing compare to Tennis. I can't wait till Feb come when Tennis starting up again.
SSI, I have been followed your Baseball picks and appreciated for all the info that you have given to this forum. This is something I want to help you and show you my appreciation. It will make you at least 10% a month RISK FREE. Your money won't be tied up for emergency. You don't have to work that hard with all of your system.
If you are interested, let me know or ask the Mod for my email. I will be more than happy to let you know all the details about this.
PS. Think about this, 10% profit monthly. Compounding the profit and bankrole for 24 months, now you can do the math.
:money: :money: :money: :money: :money:
thx guys, just found this thread again... i am on vacation at the moment, in oklahoma for the holidays....
mhk, yes im real close to giles county, go to "sarge's shack" and eat quite often..
ive decided to open a cash advance business, within my existing convenience store... before anyone says anything, ive been in business for 11yrs now and lived in the community all my life... my return --bottom line-- is 5% weekly..
barberiese, love the suggestion and thanks... sounds like something that id definately be interested in.... no reason that i cant do it also... will ask you some more questions when i return home -- next week............ i have always been a little uneasy about having large amounts offshore...
mhk, yes im real close to giles county, go to "sarge's shack" and eat quite often..
ive decided to open a cash advance business, within my existing convenience store... before anyone says anything, ive been in business for 11yrs now and lived in the community all my life... my return --bottom line-- is 5% weekly..
barberiese, love the suggestion and thanks... sounds like something that id definately be interested in.... no reason that i cant do it also... will ask you some more questions when i return home -- next week............ i have always been a little uneasy about having large amounts offshore...
