As in all forms of ganbling you have to get an edge. Find something that works and stick with it. Corrlated parlays, beating line moves are just two as both sean and Ice have stated. For years teasers were suppose to be a sucker bet until some looked outside the box and realized there was money to be made(BS teasers).
i'm still learning and this is how i'm doing:
1k is my bankroll and anytime it reaches $1.5k, i take out 0.5k and start fresh (I've been cashing out twice a month for the last 4 months.)
what goes up must come down. if i have had a great day in gambling, i know it's really hard but i try not to gamble the next day and usually it works like a charm. well last friday was the best day of my gamblin life (won 7 teamer, 4 teamer and 4 x 3 teamer) and the next day i stayed off and luckily avoided 1-4 tragedy.
1k is my bankroll and anytime it reaches $1.5k, i take out 0.5k and start fresh (I've been cashing out twice a month for the last 4 months.)
what goes up must come down. if i have had a great day in gambling, i know it's really hard but i try not to gamble the next day and usually it works like a charm. well last friday was the best day of my gamblin life (won 7 teamer, 4 teamer and 4 x 3 teamer) and the next day i stayed off and luckily avoided 1-4 tragedy.
Are you serious about that?
You guys are making my head spin with this stuff.
A better chance in BJ, a game where it is known that the house has the edge, than sports gambling where you can use a little skill and actually have 55%> of winning...
If I am correct in saying this, you have a 43% chance of winning a hand of black jack.. That is laughable..
To get back to this.. You chase if your in a sprint..A professional gambler should not be sprinting ever! If you are skilled at this than the law of averages says at the end of the marathon you will end up @ your point, whether it be 55% or 60%. Its over the course of the season not 1 week.
Which now goes back to how you bet your money.. If you got 40% of your bankroll on the line in 1 week than that is your own damn fault if you lose and decide to chase. You shouldn't have that much on the line. Rome wasn't built in a day and you won't be rich tomorrow.
Sure you might have a few losing weeks but the key is not to panic.
I know a person who makes a living playing BJ...
I am not disputing that it is possible. I am disputing your chances. You have a better chance capping sports if you are remotely decent at it than you do at winning in BJ..
BJ might be the most popular game in the casino but it certainly does not have the best odds.
I am not disputing that it is possible. I am disputing your chances. You have a better chance capping sports if you are remotely decent at it than you do at winning in BJ..
BJ might be the most popular game in the casino but it certainly does not have the best odds.
48%?
I thought it was 43% but that is a wash anyway..
Card count with 5decks or whatever the casino uses, that is incredible..
Of course there is single deck black jack which ends up getting reshuffled quicker than you can turn around.
It is possible but in no way do I agree that you have a better shot at BJ than you do handicapping sports if you are decent at what you do.
You make money in BJ altering bets, counting cards, and whatever other method you got but if you tell me you win 58-60% of you BJ hands I will have to raise an eyebrow. Maybe you won 60% today but not over the course of the long term.
I thought it was 43% but that is a wash anyway..
Card count with 5decks or whatever the casino uses, that is incredible..
Of course there is single deck black jack which ends up getting reshuffled quicker than you can turn around.
It is possible but in no way do I agree that you have a better shot at BJ than you do handicapping sports if you are decent at what you do.
You make money in BJ altering bets, counting cards, and whatever other method you got but if you tell me you win 58-60% of you BJ hands I will have to raise an eyebrow. Maybe you won 60% today but not over the course of the long term.
I have sat down at a table and lost 10straight hands of BJ before..
I have never went 0-10 in capping sports ever in 1 day..
"At the end of the day, it is the luck of the draw, the common sense and the sensible betting actions of the player which can give good results, together with the help of the strategy tables. Blackjack is a game of skill and luck and if played correctly, can be enjoyable and rewarding. "
I have never went 0-10 in capping sports ever in 1 day..
"At the end of the day, it is the luck of the draw, the common sense and the sensible betting actions of the player which can give good results, together with the help of the strategy tables. Blackjack is a game of skill and luck and if played correctly, can be enjoyable and rewarding. "
everythingisgreen - I agree with what you are saying...gambling for a living is not for everyone and thos who it is for is probably in the 1%, but 60% is outrageous. Maybe you have a year where you go 60%..but I would ask how many plays was this over? 20 or 200? I don't think most realize that if you were proven 55% on avg every season, one could do this for a living.
ITS 2% EDGE FOR THE HOUSE...IT IS THE BET GAME IN THE CASINO TO WIN IN THE LONG RUN...SURE THE CARDS CAN TURN AGAINST YOU IN THE SHORT RUN...THE EDGE IS WHEN THE COUNT IS -15 AND THE DEALER HAS 16 AND YOU HAVE 13...THE RULES SAY YOU LET THE DEALER BUST....MY COUNT SAID TO TAKE THE HIT BECAUSE THERE IS 15 SMALL CARDS IN THE DECK...PLUS YOU CAN USE YOUR HEAD...IF THE COUNT IS -15 AND THE LAST 6 CARDS WAS 10 OR HIGHER...WHAT WOULD YOU DO...
NEVER PLAY THE AUTO RESHUFFLE OR THE ONE HAND DECKS...YOU CANT COUNT ON THOSE....6 CARD DECKS WITH A CUT AT 52 CARD IS GREAT....WHEN THE SHOE IS ALMOST OVER AND THE COUNT IS HIGH...THIS IS WHERE YOU MAKE YOUR MONEY.....YOU WILL WIN OUT OF 100 HANDS 52...AND YOU TRY TO BET LOW VS MINUS AND HIGH VS PLUS COUNT...THERE IS A ART TO IT
AA
To the person who asked about away dogs, yes, I bet every baseball away dog. I increase my wagers a little bit come late August/Sept when the public think some teams have quit.
Up through 2005, if you bet every away dog over 20 or 25 years (I can't recall how many I checked) at an average line, you would be up 1 unit. Last year was better than that. I can generally get about 7-8cents on average better than an average line, so you can figure out how many units that is per year.
Regarding needing $500,000 to make a living gambling, that is insane. If someone gave me $500,000 to start betting with today, I'd have 8 figures in less than a decade. With $100,000 I can comfortably make $100-200k/year. With $10,000 I can pretty easily make $50,000 in a year. With $200 I am pretty sure I could have $10,000 at year's end.
But it's a grind - a big grind. I enjoyed gambling 10 years ago. Now it is a chore. But one that supports other things.
Sean
Up through 2005, if you bet every away dog over 20 or 25 years (I can't recall how many I checked) at an average line, you would be up 1 unit. Last year was better than that. I can generally get about 7-8cents on average better than an average line, so you can figure out how many units that is per year.
Regarding needing $500,000 to make a living gambling, that is insane. If someone gave me $500,000 to start betting with today, I'd have 8 figures in less than a decade. With $100,000 I can comfortably make $100-200k/year. With $10,000 I can pretty easily make $50,000 in a year. With $200 I am pretty sure I could have $10,000 at year's end.
But it's a grind - a big grind. I enjoyed gambling 10 years ago. Now it is a chore. But one that supports other things.
Sean
Blackjack has a 1/2 % house edge. Your 43% doesn't take into account pushes. Sports betting has a 5-10% house edge depending on the juice. Your money will last 10-20 times longer playing blackjack.
for every 100 bucks playing blackjack you will lose 50 cents assuming you know basic strategy. For every 100 bucks you wager on sports you will lose 5-10 bucks to the house on juice.
March 25th will be exactly 32 months as a bankroll professional. Here is my story.
I'm 43 and have been gambling on pro football with a local most of my life. For fun only, 50 to 100 a game, i've lost more than I've won. In 2003, everything changed. I finally decided to see what this Internet stuff was all about. At the age of 39, I logged onto the internet for the 1st time. I had seen bet on sports adds in magazines and was curious about internet gambling. I sent 329 to BOS and opened an account. My origional plan was to bet on pro football, but, after checking out the site, I found something that I thought I could be good at, NASCAR GAMBLING. I grew up a redneck in a redneck town and had been a NASCAR fan all my life. I grew up going to the local dirt track every saturday night. The 2003 Daytona 500 was coming up, so I made my 1st internet wager. Earnhardt JR. 100 to win 250 and Waltrip 50 to win 250. Waltrip won the race. I realized at that moment that I could make money off of Nascar. At the end of the season, I had turned a 329 deposit into a 2000 profit. By the start of the 2004 season, I had become pretty much obsessed with Nascar gambling. I started the season with 947 total deposit and played only 4 books ( greek,pinnacle,sportsbook.com and royal). I was having a really good year and so, on July 25th 2004, I quit my pizza delivery job, which I had for 4 years and went BANKROLL ONLY. At the time, I had about 3000 total in my pocket, about 3500 total in my accounts. In August, I moved out of my brothers house, bought a $350 camper, and moved to the National forest, just a 6 mile drive from my home town. I used a generator to study past race film, about 4 to 6 hours a week, and I used 2 candles to study hand written stats from my notebook each night. I used the library internet, 1 hour a day, and used a pay phone to place most of my early bets. I had weekend acces to a family members computer for pinnacle and race day wagers. I posted the entire 2004 season at majorwager Pit Lane (about 600 picks). I started the season with 947 and ended with a profit of 10,000. I started the 2005 season with about 3500 and ended with a profit of 14,000. From Aug 05, to dec. 05, I did deliver flowers 2 days a week for $7/hr. My only job the last 32 months. In 2006, I had a tough season. I also moved my camper into my sisters back yard. I have electricity and cable tv. I started with 3500 and ended with a profit of only 6500. I was barely making it financially. I got lucky, though. In October 2006, I was on my way to pick up a dominoes pizza and someone ran a red light and slammed the rear of my van. The $3500 insurance payment kept me from seeking employment. I started 2007 with 2000 in my accounts. I'm off to a really bad start, -1200 so far but I'm still BANKROLL ONLY, as of today. I will probably have to get a part-time job soon. I currently have about $500 in my pocket and $800 in my accounts. I AM A PROFESSIONAL NASCAR GAMBLER!!! This story is 100% true. So, yes, you can make a living betting on sports!!!
I'm 43 and have been gambling on pro football with a local most of my life. For fun only, 50 to 100 a game, i've lost more than I've won. In 2003, everything changed. I finally decided to see what this Internet stuff was all about. At the age of 39, I logged onto the internet for the 1st time. I had seen bet on sports adds in magazines and was curious about internet gambling. I sent 329 to BOS and opened an account. My origional plan was to bet on pro football, but, after checking out the site, I found something that I thought I could be good at, NASCAR GAMBLING. I grew up a redneck in a redneck town and had been a NASCAR fan all my life. I grew up going to the local dirt track every saturday night. The 2003 Daytona 500 was coming up, so I made my 1st internet wager. Earnhardt JR. 100 to win 250 and Waltrip 50 to win 250. Waltrip won the race. I realized at that moment that I could make money off of Nascar. At the end of the season, I had turned a 329 deposit into a 2000 profit. By the start of the 2004 season, I had become pretty much obsessed with Nascar gambling. I started the season with 947 total deposit and played only 4 books ( greek,pinnacle,sportsbook.com and royal). I was having a really good year and so, on July 25th 2004, I quit my pizza delivery job, which I had for 4 years and went BANKROLL ONLY. At the time, I had about 3000 total in my pocket, about 3500 total in my accounts. In August, I moved out of my brothers house, bought a $350 camper, and moved to the National forest, just a 6 mile drive from my home town. I used a generator to study past race film, about 4 to 6 hours a week, and I used 2 candles to study hand written stats from my notebook each night. I used the library internet, 1 hour a day, and used a pay phone to place most of my early bets. I had weekend acces to a family members computer for pinnacle and race day wagers. I posted the entire 2004 season at majorwager Pit Lane (about 600 picks). I started the season with 947 and ended with a profit of 10,000. I started the 2005 season with about 3500 and ended with a profit of 14,000. From Aug 05, to dec. 05, I did deliver flowers 2 days a week for $7/hr. My only job the last 32 months. In 2006, I had a tough season. I also moved my camper into my sisters back yard. I have electricity and cable tv. I started with 3500 and ended with a profit of only 6500. I was barely making it financially. I got lucky, though. In October 2006, I was on my way to pick up a dominoes pizza and someone ran a red light and slammed the rear of my van. The $3500 insurance payment kept me from seeking employment. I started 2007 with 2000 in my accounts. I'm off to a really bad start, -1200 so far but I'm still BANKROLL ONLY, as of today. I will probably have to get a part-time job soon. I currently have about $500 in my pocket and $800 in my accounts. I AM A PROFESSIONAL NASCAR GAMBLER!!! This story is 100% true. So, yes, you can make a living betting on sports!!!
The fallacies in this thread are amazing.
In blackjack, the house does not have a 2% edge. Depending on where you play, the number of decks, and exact rules, the edge can be from about .19% to upwards of 1%... There are plenty of games in the -.4% range. THere is also one game in LA or MS (I can't remember) that is actually +EV without counting but has a $500 minimum and 0 tolerance for counting. The casino makes their real money in blackjack because most people do not know how to play...
By counting, hypothetically, if you had an endless bankroll, and there were no table limits or pit bosses to throw you out, you could vary your bet such that your edge was infinite. In reality, the very best players in the world get about a .5-.7% edge. If anyone was getting a 2% edge, they'd be a multimillionaire in no time at all.
In sports, the house edge is not 5-10%. If every book had the same line and lines were infinitely exact, the edge would be between 2.5 and 5% depending on the vig. But since every book does not have the same lines, it is fairly easy to give yourself a +EV without even knowing the teams or how a sport is played.
Sean
In blackjack, the house does not have a 2% edge. Depending on where you play, the number of decks, and exact rules, the edge can be from about .19% to upwards of 1%... There are plenty of games in the -.4% range. THere is also one game in LA or MS (I can't remember) that is actually +EV without counting but has a $500 minimum and 0 tolerance for counting. The casino makes their real money in blackjack because most people do not know how to play...
By counting, hypothetically, if you had an endless bankroll, and there were no table limits or pit bosses to throw you out, you could vary your bet such that your edge was infinite. In reality, the very best players in the world get about a .5-.7% edge. If anyone was getting a 2% edge, they'd be a multimillionaire in no time at all.
In sports, the house edge is not 5-10%. If every book had the same line and lines were infinitely exact, the edge would be between 2.5 and 5% depending on the vig. But since every book does not have the same lines, it is fairly easy to give yourself a +EV without even knowing the teams or how a sport is played.
Sean
I never said I was a professional gambler hitting 60%... I was giving an example to show the % of return on investment of someone who is really good at what they do, a person who should be a professional gambler..
Then I gave an example of someone who doesn't do as well but still does well enough to make a living, also a more realistic number for most, 57%..
But I agree the people saying no it is not possible have no clue about the approach one must take to making this a living. It is plenty possible to make a living if you can pick CFB, NFL, March Madness, & Baseball. That would give you about 2 months off a yr and plenty of cash a yr. Of course there are so many sports you could bet and be good at that is just an example of a good setup
