probably not too any but I know a couple.Are there ppl that actually live soley based on their gambling income.
small problem with some of the above calculations.
even if one could accurately define one's edge (roi,
which is very difficult to do with a small sample size),
there is no guarantee that the linemaker or your
competition won't pick up on this angle and reduce
or eliminate that edge at any point in the future.
to be successful, one has to adapt and continuously
find new betting edges in the face of intense competition
and sharper linemakers. this is no easy task.
and were talking over 100's of thousands of plays hereI agree with you and thats why I stay away from profitable angles or trends. Beating the closing line (If you can do it) Seems to be the closest thing to a constant as one can find in sports betting. Studies have shown that the closing line is the sharpest and most accurate.
and thats why overkill is alway a good thing. Instead of having an exact bankroll amount of what your edged is go bigger. For example so far this year I've had about 5% edge over 500 plays yet I'm only betting 1% of bankroll on any given play. I never sweat a losing play or even a losing month.simple algebra works well with constants, if the edge % continuously changes then
the formula is overmatched and likely to lead to erroneous conclusions.
and thats why overkill is alway a good thing. Instead of having an exact bankroll amount of what your edged is go bigger. For example so far this year I've had about 5% edge over 500 plays yet I'm only betting 1% of bankroll on any given play. I never sweat a losing play or even a losing month.simple algebra works well with constants, if the edge % continuously changes then
the formula is overmatched and likely to lead to erroneous conclusions.
I bet into early numbers usually about 8:30 am I'm at 5% with just over 500 plays since Jan which is a good amount of plays, whether or not it can be sustained is yet to see. My bank roll is fairly small and so are my bets. Last year I finished around 2.4% but I was betting a little later at noon on my lunch break. I work grave yard now, which has done wonders for me. A lot less sleep but getting better numbers.5% edge is spectacular, however it's easier to achieve when one
is betting relatively small, early, and into weak numbers.
betting late and large after the obvious line weaknesses have
been gobbled up, which is what the big groups do is just
amazing.