I doubt there is anybody here making a living from betting sports .

[omahamoneymaker]

I made very good money doing live betting on hoops. You have to have a fast internet connection though. I played exclusively at matchbook. Take a side as they are making a 3 and then if you want take the other side afterwards for an instant profit. Or let it ride for a couple of trips up and down the court. Did this very well in college hoops and with almost as good of success in the pro's.

I have not tried scalping on hoops but I am sure it can be done. You probably will want a couple of books with -105 wagering though to make it easier. I have 2 or 3 books that have certain nights that they offer this and a couple of books that offer it all the time.

Iceman, I do find that I cruise through the money at certain books but I also try to play that way sometimes. For example if I want to get more money moved to a certain book I just bet the sides so that: Mets -100 500 to win 500 and the book I want to move money to Pirates +105 500 for 525.

This isn't even factoring in small bonuses, loyalty wagering, etc.

If you want to make any significant money you will need a good bankroll though and with it being tougher to move money in and out you need to have money in the accounts. Nothing worse than looking for scalps, finding a good one and not have any money or enough money to do anything.

 

[Fishhead]

Before Neteller went down, there were hundreds of individuals making $100,000+ a year offshore.

Hell, there were probably at least one hundred on this forum.

 

[omahamoneymaker]

Quantum or any others. If you are seriously interested in doing this simply get 4 or 5 books and just do some research by watching lines. You don't have to make any wagers just watch, keep some information on a spreadsheet on what you could have won, etc. You will need to figure out what kind of bankroll you have available and divide that with at least 3 books with one of them being matchbook. Be prepared to lose at one book and win at another. You might run up a high balance at one and need to redeposit at another. If you like bonuses try to lose at the one offering bonus money and win at the one's that don't such as matchbook. Problem is that to withdrwal from matchbook they charge you. I think that I was having them send me checks in the amount of 3k, cost was $9 and I would usually get them in a couple of days. I think that equates to .1% so a small price to pay if you are making 2-3% on your scalps.

 

[omahamoneymaker]

Fishhead,

I know that you used to do this. Do you still?

 

[whalewager]

what happens when one of the books u been scalping with folds up

 

[omahamoneymaker]

Don't play with books like that. I only keep significant balances with books that I trust. Do some research and you can find out who they are.

Olympic (Greek), BetJamaica, Matchbook, Bookmaker, Skybook, etc. There are plenty. Don't play at the fly by night shops that offer you huge bonuses unless you are prepared to lose it if they go under. If you want to be risky go ahead at those places and TRY to place your losing bets there. :toast:

 

[quantumleap]

Quantum or any others. If you are seriously interested in doing this simply get 4 or 5 books and just do some research by watching lines. You don't have to make any wagers just watch, keep some information on a spreadsheet on what you could have won, etc. You will need to figure out what kind of bankroll you have available and divide that with at least 3 books with one of them being matchbook. Be prepared to lose at one book and win at another. You might run up a high balance at one and need to redeposit at another. If you like bonuses try to lose at the one offering bonus money and win at the one's that don't such as matchbook. Problem is that to withdrwal from matchbook they charge you. I think that I was having them send me checks in the amount of 3k, cost was $9 and I would usually get them in a couple of days. I think that equates to .1% so a small price to pay if you are making 2-3% on your scalps.

Thanks OMM. I like your idea of watching lines and using a spreadsheet to find out if things are going well before actually jumping in.

:toast:

 

[BradtheBloke]

i think the only thing that would suck is if you kept on winning at the book you were placing the even bet at and losing at the book you got the +105

 

[omahamoneymaker]

Yes Brad but it wouldn't suck so much if the book that you have the +105 at is also one that is giving you 10% bonuses, loyalty points, etc. Remember that the +105 book would be the book that is the least desirable of the books to keep a balance at. I just went through 2k at B level book and got 10% on top of that. I snapped up an extra $200 in bonus and basically just moved it over to my matchbook account.:nohead:

 

[Illini]

i think the only thing that would suck is if you kept on winning at the book you were placing the even bet at and losing at the book you got the +105

Well if you do that, you aren't truly scalping. Scalping is when you lock in profit no matter the outcome.

 

[kermit16]

With the IRS and our Government sticking their noses into everything We do...... Why would anyone admit that they were making $$ gambling ? I've been losing my -ss for years now !:toast::tongue2::finger:

































































































































































_

 

[Iceman]

Yes Brad but it wouldn't suck so much if the book that you have the +105 at is also one that is giving you 10% bonuses, loyalty points, etc. Remember that the +105 book would be the book that is the least desirable of the books to keep a balance at. I just went through 2k at B level book and got 10% on top of that. I snapped up an extra $200 in bonus and basically just moved it over to my matchbook account.:nohead:

OMM,
I would think you have to be working with a bankroll of close to 20k for you to be making decent money to do this.

 

[mrhognuts2]

I have often thought about giving it a go but just have been too conservative to give it a try.

And you can still find scalps available you just have to look harder now. Every day with a full baseball schedule just using 2 books you can find a minimum of 4 scalps. You have to work at it though. Watching line movements several times a day. I am currently using matchbook and one other book. Betting 1k per side. I only do it if I can find a minimum of 4 cent difference. Example: Mets -105 at Matchbook and Pirates Even at other book. Matchbook takes 1% on winning baseball wagers. Guaranteed $20 per game, no risk. I am averaging over $75 per day. That's $2250 per month of free change. I've been too busy at my real job and with an infant and one on the way or I would get a couple of more books active and get myself a few more scalps with possibly some better percentages on them also.

If I had a couple of other books I could easily clear $200/day but it would have to be treated like a job, constant watching of line movements at multiple books.

did you intend to say mets +105?......'keep the continue'

 

[DennizdaMenace]

Those who are making a living betting sports tell nobody, cry the blues, and laugh all the way to the bank..they are out there..the good ones..under the radar..

Sssssssh..You are smart MFer

 

[omahamoneymaker]

Mets -105 and Pirates Even. Maybe that's why I have been losing so much gambling over the years, I am getting scalped. :missingte

This is all purely hypothetical of course :nohead:

 

[omahamoneymaker]

:toast:Iceman,

You are correct. To do this and make decent money you would need a large bankroll, I am not. I am currently working with 10-15K and only with 3 books. It is not ideal betting the amounts I am. I have been winning at my matchbook account and losing at the other two and then having to redeposit at the others.

To be able to make $200 per day I would estimate that you would need a bankroll much larger 40-50K minimum or the constant movement of money, withdrawls and deposits would be too time consuming and costly.

For the first time last night I also realized that my Hollywood Account offers in game betting on MLB games between half innings. I was able to find constant opportunities between my matchbook account and my Hollywood Account and some of them at 30%. At one point last night I took WSox +140 and took the Red Sox (matchbook) at -109. Only did it for 400 though as that was what was offered at Matchbook and I am not yet sure on the live betting limits at Hollywood.

 

[VIEJODINOSAUR]

Omahamoneymaker....you need a few credit shops with a good agent...bypass the deposits...

 

[omahamoneymaker]

VD,

I was talking with a buddy awhile ago about this. Do you know of any?

 

[VIEJODINOSAUR]

I know a bunch...the problem is them knowing you, you need references...

 

[REDEYE]

Before Neteller went down, there were hundreds of individuals making $100,000+ a year offshore.

Hell, there were probably at least one hundred on this forum.