onondaga
Ukraine
Bronze Level
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Ahoy
Legend
Silver Level
Well I would say it is possible... IF you know how to and when to bet, it may work. But as someone above mentioned, you gotta know your limit and never cross the line. I think this is the biggest problem. gambling is a serious, lets say, illness... I love it, but I must take care not to get overwhelmed... Its easy in poker, and even easier in sports betting I think...
Some of my friends bet a lot. However they only bet a low amount of money and accumulate many matches, so If they win they can win some nice amount cash. Youre right if you think they miss like 95% of the time
Some of my friends bet a lot. However they only bet a low amount of money and accumulate many matches, so If they win they can win some nice amount cash. Youre right if you think they miss like 95% of the time
OzExorcist
Broomcorn's uncle
Bronze Level
Actually it's probably a little easier with something like MMA if you're really good at handicapping it because it's lower volume and much less "solved" than other sports - as opposed to something like say baseball, where you've got people with powerful and sophisticated computer modelling that can get down big sums quickly and take the value out of the market in the process.
Of course it's an unpredictable sport and you're right, if often does have higher vig than the major sports. For example the vig at Pinnacle on this weeks Thursday Night Football moneyline is 2.3%, while the vig on this weekend's Pettis v Holloway moneyline is 2.84%. But higher vig doesn't have to be the end of the world IMO, as long as it's not bigger than your edge and there's still value to be had (I'm a lot more confident that Holloway will win that fight than I am that the Cheifs will beat the Raiders, for example).
TeUnit
Legend
Loyaler
while it is less "solved" the sportsbooks often make up for it by making odds with "leaks" if connor is favored -500 parity would be achieved if his opponent is +500(football if the Cowboys are -7 the Giants are +7) but in the connor fight his opponent may only be at +180
so over the course of many many fights the casino is picking up all the "leaks"'
the guy who wrote fightnomics claims he has an edge, he should hes one of the biggest experts, but he didnt look at the vig and the leaks(and his edge was small before those considerations)
OzExorcist
Broomcorn's uncle
Bronze Level
That's... exactly what I said, yeah.
Higher vig doesn't mean you'll automatically be a loser, just like if you play in a poker game with higher rake you won't automatically be a loser - but you do need to be better in order to profit.
On a side note American-style +550 / -110 odds are so stupid. Decimal makes way more sense
antonis32123
Legend
Loyaler
Here in Greece we have some guys/managers that set up some football matches , go and bet on foreign bookmakers or sometimes here on our local biggest betting agency , if I say it correctly , and collect profits thanks to these rigged games . So yes , some people can live from sport betting for sure .
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rdwr33
Legend
Platinum Level
For those who have undergraduate, postgraduate, technical courses, or in any way is an expert in some profession, there is already a great difficulty in getting a good job. Sports betting is democratic because it does not require you to have much study, extensive experience in previous jobs, or have a large network of contacts in your area. If you take the bets seriously, your past will not matter! But it's worth reinforcing that there is no easy money. The watchword is dedication and care!
GRANDPAPA929
Legend
Silver Level
Possible. Bet in the sport bring in a good income. I'm doing football weekly summary games in European and Russian leagues with my colleagues. And it helps me a lot. But the main work (favorite) I'm not leaving.
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OzExorcist
Broomcorn's uncle
Bronze Level
I'm genuinely interested in the angle here: why do you think pre-match betting isn't profitable, but live betting is?
C
cheeeer
Visionary
Bronze Level
Cause I did it? On pre-match you usually bet on strong team vs weak team(all others - higher risk). Even here can be defeat or draw. Ratios for strong team are too low: 1.5-1.8(sometimes 1.2 or 2.1). You win usually in 40-60% cases.
Ratio 1.5 means 1.5 buy in. So you will win only 0.5 buy in, but lose 1. Let's see:
you win 0.5
you lose 1
you win 0.8
you lose 1
Summary: slowly lost 0.7 buy in. And you need to win 2 matches straight just to be around 0.
On live events ratios even after 5 mins of game are becoming 3.5-6. Or those moments when weak team is wining but you see strong team can easily beat them. Ratios can be up to 100-120. Not sure they will pay you though
And even with my lowest bets and 50% winnings they started asking for my identity card.
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