Topic: Can we really make a living in sports betting? - page 2. (Read 816 times)

For a while I watched several bloggers who claim to live only from betting, in fact it is difficult to verify whether this is true, or they cooperate with bookmakers for advertising. But what they earn from advertising is for sure. Perhaps the truth is that the total income received from advertising and monetization from YouTube is enough to make a good living from it, but if it was only betting, then the result would be different.

We all know that casinos never lose, so imho, I dont believe that someone can make a living in sports betting. This wont be a normal life, it will be more like a survival. The life of sports better is to much unstable, to many risks, to much instability.

There is only one way to make a living through sports betting - becoming famous and selling betting predictions, signals, suggestions. But that is a scam way to earn money. One day the number of people who trust you or who you can cheat will end, and you will end broke.

I heard stories from friends too on how they make money from gambling but it's not a recommended type of making a living. Most of them have managers backing them up and they share the money after a win. A loss though is like a loan to the managers and if you are able to win again you will pay parts of it.
It's like a contract so he would fund your hobby, but this could become troublesome in the long run. The good side about having a manager is you are controlled on how much you will spend unlike when you do it by yourself were there will be times you will try to chase the losses.

I have seen people make a living just through spot betting, so my answer is yes, one can make a living out of sports betting. Those who make a living from sports betting are very familiar with a lot of clubs; they know the capabilities of most clubs and their players. Most times, they are so lucky with their predictions. Sometimes, if a game has three or more options, the person can decide to bet on all the options if they are not too certain. These people (like the guy you are referring to) have developed sports betting as a skill and an occupation. He bets all the time; he is watching football news and some live matches all day long, and he is betting continuously, so he also wins a lot. 

But one thing I must say is that it's possible to be inspired by a story but not always possible to do something best like the person in that story. There are some people who are best at doing what they know how to do, and that's because they have been doing it for a long time and have different strategies and logics they use.

Playing gambling as a hobby only gives pleasure and sadness because we manage to win money or lose money playing gambling. And that won't allow us to make a living from gambling because to be able to do this, we have to learn many things that can support us to earn money from gambling. But I believe some people can make a living from gambling and these are professionals with experience in gambling. But they won't tell us how much money they make because that's their secret.

It means you would have to be professional. To know everything there is to know about the players / fighters. Follow recent news and eat and breath sports. And even with that you won't get nearly all the bets right because some games can't be predicted. But that knowledge gives you an edge that can lead to profits if you are using it correctly.

Also if you aren't doing it purely by instict, it would be good if you had the latest data on spreadsheets to make some cold calculations that would give you a clear view over your feelings and preconception.

It's a sort of self-proclamation, but there's no evidence. I, too, only saw it in a documentary, but I never saw anyone who truly made a living from gambling, as we all know that the risk in gambling is very high, and it is very likely that you will not win anything at all. But I'm sure if there is one, we won't find it here in the forum, on social media, or in documentaries like the ones I've seen, but I haven't followed any gambling celebrities because following them is like triggering yourself to gamble whenever you see a post from them. 

If you want to make a living from sports betting, you should look at ways besides just betting, which is hard to consistently win at. For example, some casinos offer referral programs. You can advertise their services and when people use them after following your link, you can get paid. Some people take out ads and really try to get referrals. Over time that can be one way you could make a living from sports betting.

Only what may likely happen is a person that is rich that got no other way to make money than to be gambling and lost all his money and become poor. If you have money, use it for other things like businesses that can be profitable instead of using it for gambling. Just like you said, it is hard to see someone that will be living with gambling, that is not possible because that person's life is in danger. Gambling is not for any other thing than having fun but some people will take it to extra level of using it to make money and which can lead to a regret.

If we are talking about money where it's be sensitive to expose all the winning here, I think it could be hard to know and find a member who won and lives with sports betting. I often to see members who always prove the sport winning but rarely to see prove how much money has he won. then I believe a few of them live with that but it's not as the main job.

usually if we play as a hobby with small bets of course that cannot be a guarantee for making a living in gambling, because playing is limited to a hobby just for fun nothing more, playing gambling for a living is sometimes a difficult combination

For me, one way I think you can make a living on sports betting is by always staking on games that seem to have a higher percentage of winning. By that I mean staking on live matches, i.e on the side that is already winning in its second half of the game while staking with a huge amount on its small sure odds (e.g 1.10, 1.20, 1.09, 1.32 etc.). But thou this method is not always risk-free, which is why you just have to be very selective on the matches you gamble on.
For example, as you can see in the image below, you can notice that the match is been played at Leicester 2 - 0 Chelsea, with Leicester having an odd of 1.10 while Chelsea has an odd of 36.5, so since Leicester is already winning with 2 goals to nill, so the best strategy will be to bet on the winning side which is Leicester with a huge fund,  that is, stake $1000 to get $1100 ($100 profit) or stake $2000 to get $2200 ($200 profit)



But moreover, this is not financial advice, please endeavour to DYOR

At best, that is the best advice for the OP instead of thinking about how he could be someone else.
I hope that whatever other people are capable of doing with a high level of risk doesn't make us too interested when we don't fully have the knowledge and experience and abilities. Losing at gambling when they gamble for a living is bad, it changes everything including emotions running high. So definitely not something to recommend for anyone who can't control their emotions yet.

You can make a living but you have to be very careful not to end up totally rekt. The best advice is to always only gamble with amounts that you can afford to lose. It should be fun, the moment it stops becoming fun is when you have a problem.

There are people who make a living in sports gambling but don’t assume you can also do that unless you have real expertise & thorough knowledge in multiple sports. You also need a strong resolve, don’t have any emotions in your gambling patterns & don’t chase losses.

As I said before though, it’s best to gamble as a hobby with no pressure, using smaller amounts.

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For you me i can’t make much profit on sports betting and i never had like a crazy win that would cover my losses in betting, i bet for fun and for my favorite team but not with large amounts of money. But i must say that it’s really possible for someone to make a living over sports betting if that person is very familiar with specific sport and has interest in that he will follow a team or a player very well that he will guess the correct score and bet most of the time and can be profitable after every end of month. But he should have a great amount of money to start with and high risk of losing over time.
And for the casino always win i think sports betting is a bit different even that yes the casino wins but less than games. And also the quote is for like 90-95% of people and the small rest of people are winning

Gamblers who have other businesses outside and they still bet, we can conclude that they gamble just for fun hoping for a win, but not entirely expecting a big profit from betting.
Very different from a gambler who really spends their life in the world of gambling and of course they only rely on money from playing and betting.
This thinking is usually only owned by a few people and even then they are supported by the skills and analysis strategies of gambling games that are already experts.

Yeah, and that's why those that are thinking that it's only about being the gambler alone, there are some ways that they can do while being the gambler themselves.

With the numbers that I've seen, I think the highest that I've seen last year was $10k and yeah that's all just casino referrals and commissions and I can imagine how happy they are with that profit in a year by just having the commissions alone.

Sports betting is not advisable that one use it as a source of income, but can be associated when one is less busy or during the weekends, one of the best time to place bets. Gambling have it's advantages and disadvantages, left for one to know what's good for him or her. Gambling id a form of addiction when you keep placing bet and it's getting cuts of slip, I often place bets on games knowing fully well that gambling is not my thing. I've seen many gamblers that are good with matches statistics and still yet, end up losing, so it's either luck by guessing which team wins or following top football prediction groups that gives almost average scores of games.

It is true that the higher the risk that we could take the higher the rewards that we could gain but that doesn't always work for everyone, especially for small-time bettors who only have limited allocation for gambling. There are really lucky gamblers who can generate huge profits through sports betting. They are the gamblers who can deal with all the possible risks but if you are talking about sports betting as a primary source of income, it isn't always idealistic. You could have it as a side hustle but not a source of living.

At the very least, one should be an expert in the field. really know the ins and outs of sports, even as detailed as possible. for example in the type of sport of football, like observers who are experts in their assessment of a team that will compete. whether it's from the coach, the players, the formation, the pattern of play, whatever it is, all of which become a reference in an assessment.

I have a reference to one of the observers in my country, the analysis is really cool. whether it's reviewing the coach, players, patterns and strategies. he can analyze it in depth. In fact, he even admitted that he once made a living from betting on football and it worked for him which eventually led him to become famous as a commentator on a football event.

So, what each of us are telling here is that there are actually people who do make a living from sports betting. but, not everyone is able to do it. because to become an expert, it takes a lot of knowledge related to everything in the world of sports. at least, it requires high knowledge and insight and love for sports and not everyone is able to do it. apart from it all. in football betting, all we can do is analyze it to reduce the potential for defeat and increase the chances of victory. but one thing is for sure, we will know the result after the match starts until one of the teams wins the battle.