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Dejange
CC Delija
Loyaler
I am not sure if it is possible to live from sports betting, but I know people who lives very well by offering slightly better odds from the bookies. They have their own sites for betting, pay winnings on regular basis, but instead of the official bookmakers - they do not pay taxes 
The scheme is very simple, each bet they receive they rebet to the bookmaker, so if someone hit - they are actually cover the winnings from the official bookmaker...
The scheme is very simple, each bet they receive they rebet to the bookmaker, so if someone hit - they are actually cover the winnings from the official bookmaker...
Marcwantstowin
Member of the T.S.T
Moderator
Hi Madd. I would say yes. I know of a friend of mine who used to make a good living from gambling on sports, in the UK, the football (soccer) market is very busy and highly profitable. Needless to say, he made the mistake of trying to set up on his own as a bookmaker, that caught him out because he then moved into horses, greyhounds and got done that way. I think if you want to make a living from any sort of gambling. (and yes I include poker in that) you need to make yourself a set of rules, and stick to them.
Good luck if you try it, trust me it is harder than you think. It's not all fun or a rush
P.s You need to complete your profile, make sure you include any poker site, usernames you may have. :top:
M
MaddB
Rising Star
Bronze Level
BiliousBetil
Legend
Silver Level
A few years ago, on the Gambler's Book Club podcast, the host, Howard Schwartz asked a professional football better how to be successful at sports betting. His answer: Pick up a copy of Ed Miller's "Getting Started in Holdem." The inference was that the average person can be more successful playing poker than betting sports.
Cheers!
Cheers!
M
Muzyka1996
Legend
Bronze Level
Yes. I know one forecaster that almost every month have positive income
Sometimes I put on his bets
FastOne
Legend
Loyaler
I would have said no... but after reading the previous posts I guess I have no idea anymore.
The thing is, it can't be easy at all. Sports are somewhat unpredictable and running into a series of losses must be tough if you don't have another income besides sportsbetting.
The thing is, it can't be easy at all. Sports are somewhat unpredictable and running into a series of losses must be tough if you don't have another income besides sportsbetting.
amazingriki
Enthusiast
Silver Level
It's just not worth the try imo. (Talking about long term)
Way higher chances of becoming a hard gambler and losing everything than actually making a decent living off of it.
However, if you do hit the "jackpot" once, it may serve you for the rest of your life. (if you fit this into your question, that is)
Way higher chances of becoming a hard gambler and losing everything than actually making a decent living off of it.
However, if you do hit the "jackpot" once, it may serve you for the rest of your life. (if you fit this into your question, that is)
99TERRANCE99
Legend
Silver Level
Daily studying of stats ,injury reports ,when did both teams play last ,home and away trends ,vs that team they are playing ,following all daily activity of sports and teams you are betting ,there actually is a mountain of information to check into daily when betting sports everyday is it possible to make a living ..sure but even if you get hot and win for awhile if you dont put the time into it everyday lomgterm they will get it all realistically .
OzExorcist
Broomcorn's uncle
Bronze Level
That's be the hard work involved in researching and then placing your bets.
That second bit, actually placing your bets, isn't always as easy as it sounds either. If you're just an average casual (ie: low stakes, prob losing or break even at best) sports bettor then it's probably not an issue for you. But if you're identified as a big winning player, then sportsbooks tend to limit or ban your accounts so it can be tough to get down the amount of action you want for the lines/prices/markets you want.
OzExorcist
Broomcorn's uncle
Bronze Level
FWIW this is absolutely not the way to approach sports betting. It's not the lottery*, and the only way you're ever gonna win some life-changing amount (let's say a million plus) in one hit is if you already had huge sums of money to bet with... in which case you were probably already set for life.
If you're able to do it, profitable sports betting is a grind much like profitable poker. Keep applying small edges repeatedly over time.
* lotteries are, of course, -EV too
ribbybruno
Skadoosh!!
Loyaler
Yes - I knew a gentleman in Las Vegas who would carry a duffle bag full of stats and data. He studied relentlessly and would win on a consistent basis. Bankroll management in sports betting is very important as in poker. A very slow process but can build wealth to those who are in it for the long haul.
TeUnit
Legend
Loyaler
think it would be extremely difficult, if you look at something like mma fighting its probably impossible to be a longterm winner after vig
the pros sports betters probably pick up around 5% of profit from getting the best odds from different books
the pros sports betters probably pick up around 5% of profit from getting the best odds from different books