Yes, you can make a living betting sports. I have multiple systems...yes, I said SYSTEMS...that work over the long haul in college football. These systems are back tested. Some sample sizes are larger than others. My most lucrative SYSTEM is back tested to 1987, produces around 15 plays every week during the college football season and has a total sample size of just under 4,000 events.
The problems with making a living at gambling are many:
1.) Bankroll: If you're gonna make a living at this, you have to win a lot of money. In order to win a lot of money, you have to bet large amounts of money on individual events. In order for me to eek out an average of $35,000 per year in college football, I need to risk $2,000 per event. Believe me when I tell you, risking 4% of bankroll on a single event is a recipe for disaster...at $2K per event, that requires a BR of $50,000. It was great for me when I was winning, but with any SYSTEM you are bound to have losing seasons. 1% of BR is what I would recommend and that means tying up $200,000 of cash in order to make $35K per year with sportsbooks that are constantly going under. When you hit that losing streak, where you only win 2 of the last 20 bets, and that WILL happen eventually, you don't want to be sitting there with a BR that is down 72%...it will cause you to make decisions that you shouldn't...you'll probably be downsizing your unit just when the losing streak ends.
2.) EMOTION: I find it completely impossible to follow my systems 100% at all times. If there is a good college football game on ESPN on Thursday night, I want to have action on it. When your standard unit is $2K, betting $200 on a game just doesn't get it done. You have to risk an entire unit on a recreational wager in order to get the "thrill" of a bet. This leads to disaster. If you enjoy gambling on sports, this can kill you.
As for me, I am pretty much done with all my systems. Typically, on a normal Saturday, I'll have 25 games I'm betting on. It isn't nearly as much fun as just plunking 2 or 3 thousand down on the featured ABC game right before kick off and enjoying a good game. That is my new MO now...I just bet for fun. If a good game happens to be a system play for me, sure, I'll take it. But as for trying to watch Army vs Tulane on channel 778 AND Cincinnati vs Rutgers on channel 206 AND Baylor vs Texas on channel 243 all at the same time...I am done with that...I'll just watch the good game on ABC or CBS or ESPN. No more of this 6 bets going on at once for me. I am in it for the entertainment.
Later,
Books Worst Enemy
The problems with making a living at gambling are many:
1.) Bankroll: If you're gonna make a living at this, you have to win a lot of money. In order to win a lot of money, you have to bet large amounts of money on individual events. In order for me to eek out an average of $35,000 per year in college football, I need to risk $2,000 per event. Believe me when I tell you, risking 4% of bankroll on a single event is a recipe for disaster...at $2K per event, that requires a BR of $50,000. It was great for me when I was winning, but with any SYSTEM you are bound to have losing seasons. 1% of BR is what I would recommend and that means tying up $200,000 of cash in order to make $35K per year with sportsbooks that are constantly going under. When you hit that losing streak, where you only win 2 of the last 20 bets, and that WILL happen eventually, you don't want to be sitting there with a BR that is down 72%...it will cause you to make decisions that you shouldn't...you'll probably be downsizing your unit just when the losing streak ends.
2.) EMOTION: I find it completely impossible to follow my systems 100% at all times. If there is a good college football game on ESPN on Thursday night, I want to have action on it. When your standard unit is $2K, betting $200 on a game just doesn't get it done. You have to risk an entire unit on a recreational wager in order to get the "thrill" of a bet. This leads to disaster. If you enjoy gambling on sports, this can kill you.
As for me, I am pretty much done with all my systems. Typically, on a normal Saturday, I'll have 25 games I'm betting on. It isn't nearly as much fun as just plunking 2 or 3 thousand down on the featured ABC game right before kick off and enjoying a good game. That is my new MO now...I just bet for fun. If a good game happens to be a system play for me, sure, I'll take it. But as for trying to watch Army vs Tulane on channel 778 AND Cincinnati vs Rutgers on channel 206 AND Baylor vs Texas on channel 243 all at the same time...I am done with that...I'll just watch the good game on ABC or CBS or ESPN. No more of this 6 bets going on at once for me. I am in it for the entertainment.
Later,
Books Worst Enemy
