do you know someone who makes all his money from sports betting ?
 

I mean someone sitting whole day comparing odds, reading sport news, having accounts at 10 different online bookers and spending huge amounts on it, to earn even more, and live just from that ?

Sure, I do. He sits home in front of his computer every day, makes lots of money and takes vacations every month. He has a PHD in math. Thats all I know.

it's called arbitrage...

but i don't know anyone who's seriously into it....

Kimmel used to have amazing pics. A few parlays on his good seasons and you would be rich.

boneprone did? ;)

I am gambler. I don't live from betting but I win $$$ that I must do something more ;) U can learn many great bets!!! Also I run my own betting portal (greek language) and I post picks to a big site with stats, odds, news etc...

i said "winning money"

betting gets you broke in the end... :(

:1orglaugh

I do know 1 guy though, he usually makes $5k+ a month from his sports betting, but he can take a $10k loose for a month too, I guess you have to be ready for that.....

I've heard about that arbitrage shit before but I'm not a real gambler myself

arbitrage called "sure bets" means that at one game ex. Chelsea - Barcelona u bet at 1-X-2 with the high odds from some bookies and u have sure winnings at any result, but this is difficult because u must find the bookies and register to them.... and some bookies are really craps!!!

damn, sounds nice but risky

About like poker.

yeah those phony sports touts with the 1-900 numbers that always have "the lock of the week" they try to sell :helpme

that sounds nearly impossible

Bookies have usually similar odds ( not the same but similar ) so lets say Chelsea plays against Barcelona at the odds are like on average

1.90 for Chelsea
2.80 for Draw
and 3.15 for Barcelona

now if you compare 10 different bookies you'll see that the best oofers overall are 2.0 for Chelsea, 3.30 for draw and 3.70 for Barcelona, but if you place same amounts, like f.e $1k on each of these possibilities, then if Chelsea wins, you win $2k, but you placed bets for $3k

so I assume you need to place different amounts on each result, so that everytime you have guaranteed winnings... but i guess that requires some formula so that you don't have to compare manually 50 different games at 10 bookies each day to find out the few games where odds are so different that using this strategy is actually possible

anyway, I never heard about that concept, but it sounds interesting

my original question was about someone following all the news and statistical data so closely that he has an advantage over the average player who is often driven by emotions when placing bets

no.... some bookies give more good odds...

check that sites.

www.betbase.info and http://www.oddsdna.com/

also u can bet on BETFAIR which is not a bookmaker ;) and had great odds because u bet against other bettors!!!

at BETFAIR u use Lay system ;)

oddsdna.com interesting site

it shows the best oddas offered for a particular game by comparing 9 bookmakers offers

but that doesnt equaly guaranteed winnings

also there I give my picks ;)

I think there's a lot of money in gambling or arbitrage whatever you might call it... roulette, poker, bets... I should try it myself, it might get me away from welfare.

If you choose the right odds there is guaranteed winnings in it, I've heard about this system and have seen examples of it working. I just can't do it since I'm located in NL and online gambling is not allowed. All the bookies deny access to Dutch surfers because they can get fined if they let us play.

Long live the government monopoly on gambling :disgust

Arbitrage is mainly for securities and the markets.

What you're referring to is scalping and it is extremely difficult to do and you need a huge bankroll and an excellent system to do it.

A lot the guys entered into the UHC http://www.ultimatehandicappingchallenge.com/ are professionals and make a living from Sports Gambling. Either handicapping themselves or selling their plays to amateurs.

djroof, u got ICQ?

or email: [email protected]

btw I twon today over $500 on a soccer game, now it's time to try arbitrage though, sounds like far less stress :winkwink:

Did..

Correction.

DOES.............

10k a month?

That for just about any sportsbook is in no way a VIP..
Ive been known to do 5 dimes a day on avarage.

And on football weekends 10k avarage is nothing.

Im talking per day.

Not per month.. LOL.

Boneprone ( or anyone else ) what are the most reputable companies ( international., not only America oriented )

i'd say Expect, William Hill, Ladbrokes, Betandwin... what else?

Add Olympic Sports, Pinnacle, BetCRIS and WSEX to your list.

I like Stats Junkies list better.

Pinnancle, BetCRIS are Boneprone Approved. Also to add to that is Betwwts.com

Those threee have the best reps to handle heavy action, and have the reps to pay..

On a personal level I like and use in addition to those betonusa.com and bodog.

Betonusa has to be my favorite right now, not just because they always pay me, but becasuse of all the "extras" they give me. I am on a real close personal basis with them it seems. They make me feel important. Have paid for my trips to Vegas, my hotel, my air, my car rental, send me gifts all the time, send me gift cirtificates for nice resturants in the area and such..

Ive lost about 30k in one week with betwwts and havent even gotten a email saying hello.

Both are great. Different strokes for different folks. But I kinda like the family touch a bit.

Also dont let those website sportsbook reviews mess with ya. They all say sportsbook.com doesnt pay.. Not true.. Ive cashed out 20k there before no problems. They also send gifts.

If you look at a lot of the sportsbooks vip areas on thier sites you will see my name on some of them as a monthly leader in wins, or as a VIP to one of thier trips..

Im still on sportsbook.com and betonusa.. Not sure about the others.

there are very few people on this planet who can make a living off sports gambling - Lem Banker an old guy from Vegas is the most famous one I know whose full time occupation is sports wagering. professional bettors only bet when they see the opportunity - they can pass on a whole NFL weekend if they don't like the games/lines offered - that's a pro - 99% of bettors don't have that discipline and it's that discipline that is necessary to turn consistently into a winner.

I used to gamble seriously (and profitably!) but to make it worth your while you need a sizeable betting bank - mine used to be about $40000. Was all going swimmingly until I needed the money for something else - now I'm building up the bank again.

Arbs are great, but you'll need accounts with at least a dozen bookies which spreads your bank so thinly it's not really worth it unless your bank is at least $100000. Arbs rarely result in a profit of more than 1% of your stakes. If you've got $100000 spread over 20 accounts then the maximum you'll be betting per arb is $10000 (the total value of accounts at two bookies) which, at 1% return, is a profit of $100 per arb. However, if you pool your money together with a group of likeminded (and VERY trustworthy) people returns of 15% per month are not uncommon - try doing that on the stockmarket!

I've done surebets for a living, but it didn't earn enough for a real good living so I quitted.

I see a tennis game with 35% profit being able to make of arbitrage... and some otehrs whetre you can make like 5%, that's still good profit IMO for 0 risk.

Well, there must be some risk.

One of the websites i saw says:

how much did you make with it? ah ok, you wont tell, and it solely depends on how much you spend anyway :)

but could you share the companies that u used and that are definitely trustworthy and reliable ?

Agreed.. To an extent..

Any good gambler knows that there is no sure thing, or a lock.

Any good gambler knows that they are going to loose a big chunk of games they have action on.. If they say they dont, or if a buddy tells a story of some guy who is nails week in and week out, they are full of shit. It does not exist.

But what does exist is the ability to pick a slim % ratio of winners to loosers over a set amount of given picks of action.

Its a naive gambler that waits around for that one big bet to put his money on skipping week after week for that one big bet. Shit happens. More often than not.

Most big betters and good betters, myself included (not saying im good but I share a simialr system) that is we can go in on a particualr day on a consistant basis and pick 5-6 games. Spread a nice even amount on each indivdual game, say if you have 30k in your account, then do 1k per game on 5-6 games.

If you know your shit, you can hist 4 out of 6 of the games and still be in the money.. Hit 5 out of the 6 and be big time green for that day.

Football weekends are good for this scheme. picking anywhere from 4-6 games to wager on. Having the discipline not to bet the farm on a particualr game you have a "feeling" about or have some emotions about. The times where you bet 1k on all the games and get emotional or in love with a team and dropping 8k on one game and 1k on all the others is where you get burned.

Everyone has a different style, mine, dispite what I post here at GFY is pretty conservatitive in nature.. I have have 10k of action going in one day, but its not all on one game. Its spread out. In 1-2k unit intervals per game for a given day or weekend.

Its almost like a Mutal fund of action if you will.

Sam Rothstein, best handicapper ever

If you really know your shit, hitting over 50% of your games picked for a given weekend isnt hard to do. And its that slim % margin that I bank on

Here's a little tip for anyone who uses Betfair.com - sticking with horseracing, watch the prices of low priced favourites about 10 minutes before the off. Compare them with the prices on bookmakers sites and you might see a pattern emerging. Careful use of this information will enable you to see when to back and lay the same horse at different prices on Betfair to ensure you make a tiny but safe profit... :thumbsup

I've used http://www.oddsandbets.com/ and earned about ?2000 on average.
I operated with a partner who worked night shifts, so we could place surebets all day long.
The most important part of surebets, is finding the right group of bookmakers with consistent betting rules. Another problem is that bookmakers sometimes screw you for really nothing. That was also one of the reasons for me to quit.

AH shit...... Careful. I used to do something very simialr to this..

Dont get too deep with this system.

But I like the horses. Never big unit betting on em, but more a puzzle or challenge betting it seems with them.

Dangerous.

the TOP handicappers, the best of the best, only hit high 50's percentage wise on the NFL, maybe a few might achieve 60-62% - the NFL is the worst bet - because each game is studied and gone over with a fine tooth comb by the linemakers. they don't do as good a job with NCAA, NBA, MLB, NHL etc - just too many games/teams to do the same kind of job so good bettors find much better values. but its the NFL everybody wants action on - as long as it's a hobby you can afford have fun - making a living out of it ain't going to happen.

Let's just say I did a LOT of watching before putting any money into this method, and then only small amounts :winkwink:

The first job I ever had was at the race tracks.. I was fired for gambling on the job.

The floor managers all liked my style though. They were doing it too. I never snitched on them and they took care of me. Everyone in the lane came to me for picks.

They fired me, 4 days later I was repositioned to work along side one of the handicappers at the park. For the rest of that season it was the best job I ever had.

Handicapper and I making picks for the programs.. My name was "Rusty" for an entire year of handicapping.. I still have the programs saved for the entire season with my picks!!

With the pressure on I can honestly say I was horrible. When I was just some paramutual clerk selling betting tickets and advice to the floor managers I was nails.

Strange how dynamics can change like that.

hey bone you heard of some metalic betting site or something simliar? One of my buddies mentioned something like that a week ago when I was drunk. I can't remember the full name though. Just thought I would ask ya.

How'd you do this since you're in the NL, bookies don't allow Dutchies right?

If you could hit me up on ICQ 181191 when you have time, I'm interested in this :)

i'd be interested in his booker list as well, as well as some more advice, i could even pay for that lol

It's probably better to "gamble" on the stock market...
- you eliminate the risk of "Will this gambling site pay me if I win?"
- it's 100% legal
- more "tools" -> stocks, options, bonds,commoditites...etc
- more information available
- ability to leverage your "bets" (borrow money from your broker to gamble with, and if you trade intraday you don't even pay any interest)
- and probably few other benefits

sounds like a great idea :Oh crap

Lemme sweet talk my fellow Dutchie and I'll share the goods with you :glugglug