The pitfalls of being a PROFESSIONAL gambler!!

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FEZZIK............the only thing WILDBILL was wrong about was the 5-10% rate that succeed at gambling for a living....

the stress and strain of the lifestyle is what beats most of them.......

even the best on SCOTTS list.......have been busted,
 
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BTw the biggest pitfall to being a pro,

is that you are instantly a member of the world's greatest underachievers.

I have yet to meet one yet that couldn't have done multiples better for themself by doing something else.

Long hours for meager pay.
 

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as a gambler, who pays your rent,car payment,car insurance so on and so on. unless your living along the vegas wash you need to clear atleast 30,000-40,000 a year in profit to lead a decent life,sure sounds easy to me
 

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Charlie, he's healthy, been ten years. What a blessing, thanx for asking. Thank heavens he didn't listen to me and he got out of the sportsbook business. He's one very successful commercial land dealer.....ScottyS
 

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Scotty,dont you think Dick the pick and Hungry Hal belong on your list of greats ?
 

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and one more,Blackie my pick for the greatest dog player in baseball
 

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SODIUM............Quote "you have to be brain dead not to win...........in today's day and age"

come on guy, thats the dumbest statement i have heard in a long time......is this what you really meant to say?

1. betting sports.........scalping right??

2. betting poker........the dealer is cold decking, i win all
the time...

3. betting ponies.......past posting huh??

4. betting bj.........basic strategy is keeping me on the # side
barely.....but the cards are marked...

winning using the above methods isnt a given........
but since its a "player friendly environment" and "information" is readily available.........i will win........ok
 

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Charlie, I've got the spelling right. Not many people know that he was an alternate heavyweight boxer on the US Olympic team, I don't know what year.

mvbski, Dick and Big Hal certainly are among the successful LV sports gamblers. I kept the list to whom I consider the elite. It's just my opinion.

Toledo Blackie may have had other income, legit of course. He's also super successful, rated much higher than Dick or Hal, IMO only
.....ScottyS
 

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How could I have forgot Richard Klamian on the handicapper list. Among the VERY best. He also makes my nice guy list.....ScottyS
 

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Sodium, the only one from West of the Mississippi is my old boss Harry Gordon, from San Diego. Also, Roxy is from Canada. Good point....ScottyS
 

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Along those lines my lists are LV only. I know many elite are in the locals market and off shore. I know of a couple GREAT ones in this group but of course can't go any further.....ScottyS
 

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Fezzik makes good points in his post, even he has to sell his picks to supplement his income, though.
But he is way more accurate than the article is.
 

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Rsponse to Sodium Pentathol:

From what I observe at least 99.9% plus of all gamblers ARE brain dead.
 

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scotty,are you still with LVSC and speaking of nice guys how about nice guy Jack you know who I'm referring to
 

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Ok maybe 5-10% isn't a perfectly accurate number but I think he was just trying to get a point across that not everyone is gonna be able to do it and otherwise I thought it was a good article. Flaming over minutae like the exact percentages is missing the point of the article.

Becoming a professional gambler is very hard. The exact percentage isn't important. Handicapping games and horse races, and playing cards, are pretty easy games to master with some experience. The hard part is training your inner self, your subconcious, to achieve what can be described as a zen state and turn your mastery of the games into financial gain. One bad beat is meaningless in the overall scheme of things, and the professional has trained himself to ignore the circumstances of his loss and concentrate on running his game and letting the long run put money in his pocket.
 
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Scott it is folks such as yourself that still make the boards a worthwhile dialy visit, best to you and yours for the holidays.

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>SODIUM............Quote "you have to be brain dead not to win...........in today's day and age"

come on guy, thats the dumbest statement i have heard in a long time......is this what you really meant to say?<HR></BLOCKQUOTE>

I have a wide berth of friends at all niche's in teh food chain, their success is at an all time high regardless of the gaming vocation, incl BJ.

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>1. betting sports.........scalping right??<HR></BLOCKQUOTE>

Scalping? why bother it is too easy to id the weak price. Still, there are plenty of sports to bet where it is not tough to know more than the linesmakers. Certainly alot more now than anytime before, and at less juice than ever before. This of course excludes bonuses.
Even if you only consider the mainstream sports, there are more betting options, more props, basically more ways to win than ever. The only time that was better for sports betting was the mid to late eighties.

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>2. betting poker........the dealer is cold decking, i win all
the time...<HR></BLOCKQUOTE>

kidding right? TV exposure has made poker probably the easiest earn unseating BJ. I have turned at least 100 folks onto poker in the last 5 yrs and not a single one has ceased playing. Which is what inevatibly happens to losers. The fish are in greater supply now than eevr before and are available 24 hrs a day worldwide.

[q]3. betting ponies.......past posting huh??[/q]

There are alot of folks that have been in the lose 3.5%-5% range the last ten yrs. For decades you pd $5 a day for a form and 19% avg takeout. Now forms are free, can bet upto 35 tracks a day, thousand dollar software that was only available to whales is now $25 for the regular folks and lastly anyone and everyone can get a healthy rebate now. I have been a loyal racing guy for close to 30yrs, the 70's b4 Beyer sold out may have been a better time, but your earning capacity was limited to the tracks you could get down on, now you can get down on any continent at any track anytime and get 7% or more back.

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>4. betting bj.........basic strategy is keeping me on the # side
barely.....but the cards are marked...<HR></BLOCKQUOTE>

I goto AC a handful of times a yr to play poker and BJ, times are alot tougher than 10yrs ago, however still can run small teams at them. play below radar and win. Three of us took $4500 from the trop last month and drew zero heat.

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>winning using the above methods isnt a given........
but since its a "player friendly environment" and "information" is readily available.........i will win........ok<HR></BLOCKQUOTE>

If you cannot win now, you should find something else to do, I am not speaking to you DPO, but to anyone else.
 

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Lived in Vegas for 20 years.

Worked behind the counter for 10 years.

Been a pro for last 13 years.

Having said that, I would be willing to lay 2-1 that less than ONE in 1,000 that come to Vegas to be a professional gambler succeed for any reasonable length of time.

This is not to say that there are MANY MANY MANY that do. But the ones that dont outnumber them at LEAST 1,000-1.
 

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Wild Bill actually contradicts himself IMO.

He states 5-10% of people trying to become successful bettors make it.

Now, to win at sports one needs to make pretty accurate prob. estimates given incomplete and imperfect information.

The fact THAT AN ACCOMPLISHED EXPERT WRITER so botches such an estimate IN A PUBLISED ARTICLE is pretty strong evidence how hard it is for the average person.

Mixing up .2% and 7.5% may not seem like a big error to you guys, but it's pretty enormous in mine. If I was interviewing a guy that claimed to be an expert and he spoke that I'd shake my head. But to go through the time and trouble to actually write an article (which I assume Wild Bill is paid for) and put such a horrible estimate just shows how bad all Americans are at probability and basic estimates.

.......don't shoot the messenger.
 

Another Day, Another Dollar
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Pro = Money Management, best numbers, and discipline = Simple

discipline
 

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if you can pick a high % of winners all the other factors are easy. I have made over $250,000.00 betting sports over the last 4 years. And now because of the soon to be ex-wife I dont have a pot to piss in. But I will recover soon.
 

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