spending money is a neccesity just like gettin laid .....a girlfriend or a hooker costs the same.
but if i can make a living in the gambling industry in some way ,i ddon't mind spendin on a girlfriendor a gfe ...having said that, you are right...i would blow right thru my nest roll / bankroll.
hno:
Too much is made out of making a living at gambling, most of it glamourous, the truth is its a lifestyle very few could cope with longterm. The first thing is the discipline needed to overcome the percentages makes for fairly standard procedures which eliminate the fun and buzz of normal betting. Besides the boring hours on the PC ducking and diving one tends to become solitary, as your only real interest is gambling and parodoxically you dont want to get into discussing your methods. After a while even a harmless fun bet turns your guts as you know your being mugged for the price and letting your guard down.
All in all its a life I've always thought would suit a lifer in Prison, as He has left the mainstream Public as well. :drink:
All in all its a life I've always thought would suit a lifer in Prison, as He has left the mainstream Public as well. :drink:
Why not?
Follow this example....
If your starting bankroll = $50,000
Your standard bet for the season is 2% which is $1250 a bet to win $1125 (that accounts for the standard 10% juice).
For example it is CFB season and you make 100 plays over the 14weeks and you hit 60% (someone who is does this living should be able to hit that mark).. All flat betting, never adjusting your bet, every single one @ 2% of 50k...
60 x 1125 = $67,500
40 x 1250 = ($50,000)
Result over CFB = $17,500, a 35% return on your investment..
Where else are you going to get a 35% return in 14weeks?
Now someone who does this for a living might bet CFB, NFL, March Madness, MLB and achieve 60% over the course of the season in all of these sports.
Follow this example....
If your starting bankroll = $50,000
Your standard bet for the season is 2% which is $1250 a bet to win $1125 (that accounts for the standard 10% juice).
For example it is CFB season and you make 100 plays over the 14weeks and you hit 60% (someone who is does this living should be able to hit that mark).. All flat betting, never adjusting your bet, every single one @ 2% of 50k...
60 x 1125 = $67,500
40 x 1250 = ($50,000)
Result over CFB = $17,500, a 35% return on your investment..
Where else are you going to get a 35% return in 14weeks?
Now someone who does this for a living might bet CFB, NFL, March Madness, MLB and achieve 60% over the course of the season in all of these sports.
Well that would be the difference between doing this for a living and sitting at home on the computer as a recreational gambler. I gave 60% as a guideline, surely if you hit 57% you would still return...
57 x 1125 = $64,125
43 x 1250 = ($53,750)
Result over the season: $10,375, a 20.75% return on your investment in 14weks.
The problem isn't winning. You can flip a coin and have a 50/50 chance you win. The problem is the general mental makeup of a gambler that prohibits them from winning longterm.
You all are not thinking about the emotional juices that kick into your brain when you get pummeled and want to get back "at the man" like I see all the time, only to end up broke in the long run.
You all are not thinking about the emotional juices that kick into your brain when you get pummeled and want to get back "at the man" like I see all the time, only to end up broke in the long run.
Well this is your living. You can't afford to do this. It is not for everyone, it take a lot of discipline. Not sure why you are bringing these emotional juices into the equation. The question was asked if someone could make a living as a gambler. Now if they stick to a set of guidelines, are not a degenerate, treat it like an investment and not "gambling" and don't chase, don't mess with their bet size, than you will see that yes it is possible, the numbers don't lie.
Not trying to brag so please dont take it that way but I think with 20k bankroll I could make 50k or so a year betting.
I started with around 15k or so betting $100 a unit and up to 3 units a game and have made 27k since Sept 1st. It's all about high volume. Churning your bankroll and having 8+ outs.
I bet on average 40 units a day and 1,200-1,500 units a month. Since Jan 1st I am up over 11k, it has worked out close to 1k a week. I know I am putting 40 hrs a week into though. I have not taken off more than 2 days in a row since the beginning. IT is work but the stress level since I bet small is not that high. Win around 2-5% of bankroll bet.
I follow somewhat the same things Sean1 does. Exploiting weak lines, not weak as much as off lines. Not sure how I will do during bases but have heard it is easier for guys like me for what I am doing. The best part is I have been able to sustain this with less and in a offshore world that is alot less easier to beta than before.
So to answer your question. YES, without a doubt but realize there are no shortcuts and you must work at this as if it were a job to reap the rewards.
I started with around 15k or so betting $100 a unit and up to 3 units a game and have made 27k since Sept 1st. It's all about high volume. Churning your bankroll and having 8+ outs.
I bet on average 40 units a day and 1,200-1,500 units a month. Since Jan 1st I am up over 11k, it has worked out close to 1k a week. I know I am putting 40 hrs a week into though. I have not taken off more than 2 days in a row since the beginning. IT is work but the stress level since I bet small is not that high. Win around 2-5% of bankroll bet.
I follow somewhat the same things Sean1 does. Exploiting weak lines, not weak as much as off lines. Not sure how I will do during bases but have heard it is easier for guys like me for what I am doing. The best part is I have been able to sustain this with less and in a offshore world that is alot less easier to beta than before.
So to answer your question. YES, without a doubt but realize there are no shortcuts and you must work at this as if it were a job to reap the rewards.
The emotional juices are the main thing that prevents someone from making a living as a gambler. I've seen it a ton of times on this forum, losing bankroll to blackjack, chasing loss after loss. Gamblers are generally greedy people who hate to lose and always want more money. You basically have to be a robot to prevent those emotions from kicking into your head.
And like it has been said many times...
This is something that is not for everyone, just like not everyone can be a brain surgeon or stock trader.
If you chase, you lose over the long term...What more has to be said about that topic...Assuming said person were a professional, they would already know this and would not risk their business doing this..
Chasing gambling losses w/ black jack....????
How can you even argue that..?
Again you are pointing out possible downfalls for someone who chooses to gamble for a living but that is not what is being asked. You don't have to be a robot, you have to be smart, lucky, have balls, and discipline. A set of rules and guidelines that you don't break. Losing 5k on CFB and trying to win it back tomorrow in blackjack is obviously not what I am talking about. I am talking about a professional who treats his job like a professional, not a degenerate.
This is not like college where you have 60/300 people from the business school graduating with Accounting degrees. It is more like 1/15,000 or something higher that decide to be a professional gambler and make a living from it. I am the only person I know outside of the internet that has this desire to make a living gambling sports.
This is something that is not for everyone, just like not everyone can be a brain surgeon or stock trader.
If you chase, you lose over the long term...What more has to be said about that topic...Assuming said person were a professional, they would already know this and would not risk their business doing this..
Chasing gambling losses w/ black jack....????
How can you even argue that..?
Again you are pointing out possible downfalls for someone who chooses to gamble for a living but that is not what is being asked. You don't have to be a robot, you have to be smart, lucky, have balls, and discipline. A set of rules and guidelines that you don't break. Losing 5k on CFB and trying to win it back tomorrow in blackjack is obviously not what I am talking about. I am talking about a professional who treats his job like a professional, not a degenerate.
This is not like college where you have 60/300 people from the business school graduating with Accounting degrees. It is more like 1/15,000 or something higher that decide to be a professional gambler and make a living from it. I am the only person I know outside of the internet that has this desire to make a living gambling sports.
You can set all those rules and guidelines in place, but unfortunately you can easily break those rules and guidelines you set in place. You are your own boss, you ain't getting fired if you decide to chase losses, but I will get fired if I break company policy. So let's say you set these rules in place, and you do shitty, lose thousands of dollars, then what? Your a gambler for a reason, you will chase those losses, maybe you win, maybe you lose, probably you lose, but no way emotion doesn't kick in. You cannot hold back the animal instinct. This forum is my perfect example for that.
I do agree somewhat with the whole discipline thing. It is weird as I have a buddy who I have taken under my wing and he got beat pretty bad in Feburary doing almost the exact same thing as I am doing. After we reviewed things on a daily basis and I stressed the discipline this takes to win, he has had a winning month in March.
You have to stay the course. Counting last year I have not had a losing basketball month doing this. I was put to the discipline test this month as I got down close to 30 units around March 10th but have won 36 units since than and am now up 8 units for March. It has been struggle but I honestly have not staryed from my plan that I know has won for me over a 7,000 bet sample size the past year.
I think some people can handle the discipline and daily grind it takes with out doing something stupid in the long run. While some others almost just don't want to win. I always say to my buddy, you don't want to win do you after reviewing some question able plays on his part. Hard work is the key to anything.
You have to stay the course. Counting last year I have not had a losing basketball month doing this. I was put to the discipline test this month as I got down close to 30 units around March 10th but have won 36 units since than and am now up 8 units for March. It has been struggle but I honestly have not staryed from my plan that I know has won for me over a 7,000 bet sample size the past year.
I think some people can handle the discipline and daily grind it takes with out doing something stupid in the long run. While some others almost just don't want to win. I always say to my buddy, you don't want to win do you after reviewing some question able plays on his part. Hard work is the key to anything.
I Have Been One That Has Beat The Nfl 10 Out Of The Last 13 Years...last Year Got Me...2004-2005 All Bets (ALL SPORTS BETTING)And Bonus $180k...this Year Doing Good In Bb...but Still Down For The Year
So
If One Wants To Do This For A Living....you Better Save Some From Those Years That You Will Loses!!!
It Helps Having Other Thing Going...like A Few Rental Homes And A Business That Runs Itself...
You Have To Ask Yourself How Much You Need To Live And Go From There...what Is Your Needs...for Me...once You Have Money You Dont Need It Any More...it Becomes A Game...I Feel Time Has More Value Than Money Some Days!!!!...I Live Good Because If I Make $10,000 I Live My Life As If I Made $6000....this Way You Alway Have Some For Those Bad Runs In Life!!
Ace-ace
So
If One Wants To Do This For A Living....you Better Save Some From Those Years That You Will Loses!!!
It Helps Having Other Thing Going...like A Few Rental Homes And A Business That Runs Itself...
You Have To Ask Yourself How Much You Need To Live And Go From There...what Is Your Needs...for Me...once You Have Money You Dont Need It Any More...it Becomes A Game...I Feel Time Has More Value Than Money Some Days!!!!...I Live Good Because If I Make $10,000 I Live My Life As If I Made $6000....this Way You Alway Have Some For Those Bad Runs In Life!!
Ace-ace
