Is it possible to make a living of sports betting???

investment

Is it possible to make a living of sports betting???

upinthesky

investment wrote: »

Is it possible to make a living of sports betting???

i think it is if your betting big as in 100s and not 10s

or become the bookmaker lol

macman2010

build a time machine, go "back to the future" and buy a 2011 sports almanac. Return to the present and gamble away.
Simples!

upinthesky

macman2010 wrote: »

build a time machine, go "back to the future" and buy a 2011 sports almanac. Return to the present and gamble away.
Simples!

sounds very good if only:D

Tarquin1970

investment wrote: »

Is it possible to make a living of sports betting???

Ask Ivan Yates..

PCPhoto

the answer is yes.... and no !!

Yes you can make a living from sports betting (from the betting side) ....but no it wont last long because .... most bookmakers will claim because you are winning too much you must have inside knowledge and close accounts/refuse to take bets.

its a funny system they have - they dont mind you giving them money regularly but if you are regularly taking it from them they don't want to know.

macman2010

lisar816 wrote: »

sounds very good if only:D

I have a spare flux capacitor in the shed if your interested.
Here's a photo

upinthesky

macman2010 wrote: »

I have a spare flux capacitor in the shed if your interested.
Here's a photo

LMAO!!

investment

I have been reading this thread,
but is day trading on shares etc not the same??

Except your betting on sport

ft9

It is possible, discipline being the main attribute required, something which most gamblers lack.

Check out PyRos log, he is doing brilliantly.

PEACEBROTHER

It certaintly is possible put you need a big bank to start with and always be prepared to lose.
If your going to try it , set up a log here so nosey boardsies can keep an eye on you

Vurnon San Benito

Certainly, sports trading is the way to go if you want earn a residual income

slattsteen

Its hard to keep track on what u win/loose, i feel like im getting better(maybe 55/45),i only back on soccer/football/snooker and check for best odds on oddschecker

myflipflops

It's made very difficult because of how hard bookmakers make it to get bets on. Getting your bets layed is the biggest challenge.

slattsteen wrote: »

Its hard to keep track on what u win/loose, i feel like im getting better(maybe 55/45),i only back on soccer/football/snooker and check for best odds on oddschecker

It's incredibly easy to track your progress. Open an excel document and enter every bet into it. It's a must for any serious gambler. In my experience, any gambler not keeping a record will be completely wrong with his guess of profitability. I've met guys losing 5 and 6 figure sums who think they are profitable gamblers.

OutlawPete

If you had of asked me in July, I would have said yes.

Then august came

ValueSeeker

investment wrote: »

Is it possible to make a living of sports betting???

Yes.

ValueSeeker

If anyone is looking to become more serious about their betting, I've written an article outlining some fairly basic steps to take that will help you adopt a much more professional approach:

Anyone interested can read the article here: Sports Betting Advice

Juwwi

ValueSeeker wrote: »

Yes.

Hi Valueseeker is gambling your main income ?if u dont mind me asking.

Kod-box

I would say it depends by what means you are willing to live by :pac:

some good advice by Valueseeker there btw, just read through, i am guilty of chasing losses and betting too much with winnings but have curbed that in the last few months.

Cartel Mike

Nah. Your accounts apart from betfair will be closed sharpish.
If you manage to elude them for a while you're still too dependent on luck and 50-50's eg penalty shoot outs,tennis tie breakers, horse racing photo finishes etc .
If your betting two way spreads only you'd need to be winning pretty much all the time.
If your a serial odds on better you need to win all the time!
Its not possible , eventually your gonna slip up badly, afterall your trying to predict the future at a worthwhile price, which is almost a contradiction in itself.
Makes you wonder why we do it at all really!

cards

I've studied a few professional gamblers and what I've learned is that the most successful ones are experts in their field that happen to bet on what they are experts on.That might sound obvious but I think people generally greatly underestimate what is needed to make a living long term betting and I think people also very much underestimate what is meant by being an expert in your chosen discipline of study.How long does it take a doctor etc..to become an expert.I don't bet on sports that often but was trialing a few advsiory services earlier on this year and here is one guys email for the first round games of the world cup.Its this kind of indepth knowledge,abilty to think outside the box and use of stats which are some of the qualities needed to become a successful sports bettor.These are the kind of people that you are ultimately betting against and if you can't compete, be honest with yourself and save yourself a lot of pain because this isn't a world to tread lightly in.For the record, after sending many similar emails and doing lots of bets this guy broke exactly even on the world cup.I have no doubt that he would be highly likely to make a profit each season but having a relatively poor tournament shows what other qualites are called for like,belief,discipline and patience.

The first round of group games are tricky for betting purposes. After these first games are over there are more angles we can take but for now we are almost betting blind.

A primative but possibly effective strategy may well be to simply oppose every favourite in these first 16 games. The theory behind that being that as we have yet to see any of the sides in action and their last competitive game was back in qualifying around 6 months ago then we dont truly have an idea of what we are dealing with, hence there will enevitably be a few underated and overated sides in there.

Favourites dominated in 2006 with 12 of the 16 opening group games going to the fave. In the 5 World Cups before that though upsets have been a pretty frequent occurence:-

2006 - 12 out of 16 winning faves in opening group games
2002 - 8 out of 16 winning faves in opening group games
1998 - 8 out of 16 winning faves in opening group games
1994 - 5 out of 12 winning faves in opening group games
1990 - 5 out of 12 winning faves in opening group games
1986 - 6 out of 12 winning faves in opening group games

Its not a terrific record considering the average odds of a favourite in an opening group game is around 1.7.

I want to be a bit more selective than that though. An angle we may be able to take is opposing the really short priced favourites in the handicap market. Since 1986 there have been 40 sides priced under 1.5 (ie real strong favourites) in their opening game. Only 12 of those 40 sides won by more than 1 goal and only 5 won by more than 2. These are real big favourites so that is a pretty low rate.

Back in 2006 we had 4 sides priced under 1.5 - Sweden drew 0-0 with Trinidad and Tobago, Portugal beat Angola 1-0, Brazil beat Croatia 1-0 and Germany beat Costa Rica 4-2. On the even money handicap (if we were betting on the asian handicap that pretty much gives evens the pair) that would have produced roughly a 1.50 pt profit from 4pts staked. Its a similar story most years. 2002 would have made a 1pt-ish loss but the other years since 86 would have made between 1.5 and 4 pts profit using that strategy. Obviously that is a bit of an estimate as Asian handicaps back in 1986, 1990 and 1994 weren't top of peoples betting habits so I dont have official odds but you can make a pretty good estimate and there were plenty of big favourites who either came a cropper or only just squeaked a win.

To add a little bit of weight to the small sample size it is a similar story in opening group games in European Championships, Copa America and African Nations tournaments too. I only have past odds from the last 4 European Championships and the last 2 African Nations and Copa Americas but they show the same pattern in opening group games. 5 Euro faves at odds of less than 1.5 and just one 2+ goal winner. 6 African Nations faves under 1.5 and just one 2+ goal winner and 5 Copa America faves under 1.5 and two 2+ goal winners.

To add a bit more weight, if looking at Premier League games in the last 10 years there have been 22 occasions when a side has been under 1.5 on the opening day of the season. Only 8 out of those 22 sides have won by 2 goals or more and covered the even money handicap.

Personally I think it is an angle worth taking. My guess as to why the value is there is a combination of opening game cautiousness and a general underestimation of the underdog in the first game. Another factor may be that the occasions when a side does take a good hammering (the 8-0 Germany Saudi Arabia game for example) sticks in the mind whereas the numerous occasions when a side doesn't get the expected smashing is soon forgotten by the next round of games. Who remembers Holland only squeaking past Saudi Arabia 2-1 in USA 94? Or Argentina only beating Japan 1-0 in France 98 at odds of 1/6 on? Or Sweden being held to a 0-0 by Trinidad in 2006 at 1/4 on? As a result of this selective memory the odds (or in this case the handicap) are a bit shorter than they should be for the fave to dish out a hammering.

Its a bit of an obscure strategy but I reckon there is a profitable angle in there. This years qualifying games are Slovenia v New Zealand, Brazil v North Korea and Spain v Switzerland.

Advised Bets
1pt on New Zealand (v Slovenia) in the +1.25 Asian handicap market @ 1.95 with 188bet -- 1.94 Ladbrokes -- 1.93 SBObet, Bet365, Betinternet
-- NZ win or draw = + 0.95 pts
-- NZ lose by 1 goal = + 0.48 pts
-- NZ lose by 2+ goals = - 1.00 pt

1pt on North Korea (v Brazil) in the +2.25 Asian handicap market @ 2.07 with Betinternet -- 2.05 SBObet, 188bet, 12bet, Mansion88
-- NK win, draw or lose by 1 goal = + 1.07 pts
-- NK lose by 2 goals = + 0.53 pts
-- NK lose by 3+ goals = - 1.00 pt

1pt on Switzerland (v Spain) in the +1.5 Asian handicap market @ 2.02 with Pinnacle, 188bet, Betinternet -- 2.01 12bet, Mansion88
-- SW win, draw or lose by 1 goal = + 1.02 pts
-- SW lose by 2+ goals = - 1.00 pt

mickey1979

the simple answer to what you ask is no as you would be talking a unique ability to maintain disipline and nerve. There are those out there who do make a living from it. We are talking 40k plus here but betfair will tell you that the amount of winning punters is tiny and even less are winning serious amounts. I have a friend who is a winning gambler but he is more of an arb specialist than a punter and the level of bets is huge but his problem is stake size he finds it hard to get on. get a job and enjoy it as a pasttime i most certainly do not win at gambling but not losing awhole lot either i enjoy the past time

jive

mickey1979 wrote: »

the simple answer to what you ask is no as you would be talking a unique ability to maintain disipline and nerve. There are those out there who do make a living from it. We are talking 40k plus here but betfair will tell you that the amount of winning punters is tiny and even less are winning serious amounts. I have a friend who is a winning gambler but he is more of an arb specialist than a punter and the level of bets is huge but his problem is stake size he finds it hard to get on. get a job and enjoy it as a pasttime i most certainly do not win at gambling but not losing awhole lot either i enjoy the past time

good post. unless you have some inside info on a frequent basis then i don't think you could make a 'good' living out of it. if you have a cold streak what do you do then? nobody can win all the time without a decent edge such as insider information. it is definitely possible to win, but i don't think i'd enjoy making a living out of it because i imagine it would be extremely stressful! Having said that, im sure its possible!

mbiking123

Ask Ivan Yates..

he said it is a very hard market now

Trampas

As said already.

Do your research before placing any bets.

I have given up backing soccer as you will have teams who don't bother trying to score and can be hard to break down and always the chance of a 0-0.

I prefer backing scores where points are certain (e.g. American Sports). I find the likes of europe bookies can be very slow to move the lines on markets and you can find holes

mike65

You couldn't do it with a trad bookies I'd say as they will restict your bets to the point where returns are too small to live off, so exchanges would be your man.

Mellor

there are plenty of professional sports bettors, so yes it is possible.

Is it possible for you?
Well, seeing as you asked the question, then the answer is no. Not an insult, but if you were good enough to make a living at it, then you'd be aware of this

Tobyglen

Mellor wrote: »

there are plenty of professional sports bettors, so yes it is possible.

Is it possible for you?
Well, seeing as you asked the question, then the answer is no. Not an insult, but if you were good enough to make a living at it, then you'd be aware of this

Couldn't agree more with this advice. You generally need to be a very cocksure guy who's independent of other peoples opinions and you need to have expertise in a particular field or have some excellent inside info.

Kod-box

https://www.youtube.com/watch?v=mykCYNNhZs0

mickey1979

I would completely disagree on your last statement there are a few large pro sports bettors. There are many who would say they make money sports betting but as most work to margins of 2-3 percent on turnover "sports not horses" I find it hard to believe that there are many as most simply would not be able to do turnover. To win 40K I would reckon turnover has to be in the region 1,200,000 and for that sort of turnover you cannot be specialist so you are paying experts thus your expenses would mean that you need to make 150k plus as expert advice does not come cheap and you have to make a living so that makes you needing to do 4-5 million turnover not easy to do. Just to make a 100k a year living if you are that bright become an dentist or doctor. I know many will disagree but profits of 10% simply do not exist and by pro i mean around for 5 years plus making a living

Bumsex

my experience is completely different to te above post so have to disagree with everything said,yet i take it on "boards"..:pac:

investment wrote: »

Is it possible to make a living of sports betting???

Yes,,,

you will see in my next log the approach i take which i have been doing on paper along with my normal log,small enough bank needed with a guaranteed 3-400 per week.have been doing it the past month and i will now be trying it out with money..