Topic: Can we really make a living in sports betting? - page 5. (Read 744 times)

You can in theory but the ways you are going to use to achieve this goal are all forbidden. There are strategies like EV betting, arbitrage betting and these are banned by the casinos usually. The casino owners don't want you to make a living from gambling. That's not your job. It is their job to make money as they are the house.

If you make a constant streaming income from gambling, then you are effectively competing with the casino owners. They don't want that.

When they find out about your intentions (making money) they will lock your account and show you the door.

It is not worth the trouble find yourself a rl job.

There are people I have come in contact with who have made so much fortune from gambling, but it took them so many years to hit their jackpots. Gambling is not like the regular business that has a high level of success guarantee if ventured into. For gambling, it takes patience, commitment and discipline to make a good living out of it, and it is never a guarantee most of the time it takes more than luck to make a living because for toxic gamblers they end up losing even more than they have ever won through gambling.

I think of Poker as a 90% skill game and only 10% luck based so in Poker it all depends on your knowledge,the ability to have patience which amount for 90% of skill and that 10% of luck is how good you are at reading adversaries face expressions during the tournament.We have seen Pokerstars in Tv how some of the most skillful players have bluffed hard and has won a big hand in Texas holdem poker specifically with only 2 and 3 as their cards.

In sport betting you have skill yes but the problem is that you cannot really predict the outcome of the game if the referee impacts the game a lot,you have in no way control over such happenings and this makes me think that here we are in 50-50 equal percentage of skill and luck so it is difficult to make a living out from something with only 50% chance.

We shouldn't take gambling as an occupation,or see it as a means to make profit,if not you will end up being an addict, instead we should see it as a means of entertainment, this is the only way that will make you enjoy gambling. There is no logic or strategy that you can use to predict sport bet accurately, gamble is a game of luck. My brother loves gambling on sports especially on football but he wins once in awhile after so much lost. It is not advisable to take gambling as a means of earning a living, because it is the same thing with gambling with your life.

Just think of those professional poker players that have been making a living from that profession. Then, it's truly possible that someone can be an expert in sports betting.

Since sports betting isn't all about luck, someone can learn and study how the chosen sports to be as a bettor would work.

Just like any thing that we do like trading or investing, the struggle is there at the beginning. But if you're passionate about it, you'll get to learn from your losses.

I absolutely agree with you. In my opinion earning money by betting on sports is much more difficult than working as a manager, engineer in a company or a sales clerk. Betting on sports is not only a very time-consuming activity, but also a huge risk, which from time to time will significantly reduce your financial component. That's why I, too, prefer to have a stable job with minimal risk of losing my money.

If I will say, what the OP is saying might be true or not true. Why I said it is true because there are some gamblers that are winning games every week and they are using to pay their bills and other stuff in their house and why I said not because it is not easy for a gambler to win every time to feed his family so get a living from gambling is not true.

Even the addicted gamblers can not tell me that they are winning every day to feed their family.

It is definitely hard work that goes beyond simple hobby bets. It requires a lot of dedication from the bettor, available time, reading the news looking for "loopholes" that give some advantage to a certain team or athlete that the bookmakers have not yet seen, a lot of money, persistence, technique and, obviously, luck.

What I can say is that this is possible: "make money only with sports betting.
But it's something that works for some people and not for others, you have to have the gift for it, just like any job, where only the best can really benefit from it.

Also, it may be that in some months or seasons it will give you a lot of money, in another, it may only give you a loss.

No matter how good the bettor is, I would never recommend anyone to dedicate themselves only to earnings from sports betting. It is important to look for other sources of income in order to have some financial guarantee.

Sports betting is a rather rare source of income for most people. It's not simple to make a living off of sports betting; otherwise, you would be aware of the amount of money you have invested or lost in the gambling industry. It costs a lot of money to use sports betting as a source of income. My friend regularly places large bets on sports each week. He selects a few games each week that he is confident in and places large bets on them. Every week, he always conducts himself in such a manner. He is succeeding, though.

Most people making a living are matched betting, rather than being your average punter. Technically, that's against the rules of most betting companies, and you'd like to think that there's a particular lifespan to it, since you'll eventually get found out. Obviously, nothing illegal about matched betting though so a ton of people do it.

As for just betting casually, very likely not. If it was easy, then the gambling industry wouldn't exist. It's basically guaranteed profit for them. That's why they can offer ludicrous bonuses quite frequently. Anyone making a living will be playing skill based games rather than traditional casino games, that's for sure.

You do t need to be that curious mate because there are many people even those that are not serious gamblers cashing out big from betting especially sport bets where the house does not have the power to decide on the outcome of the result. It all depends on how you are making your bets and how you tend to bet, whether with big fund and small fund depending on your risks.
Try and join any sport bet prediction grow and see for yourself how people are making and earning big from betting even though it's not always consistent. Some many things are happening and you need to take a look on that.

It's true that not everyone can make a living from sports betting. Sports betting sites from casinos are very risky. I have seen from my own experience that sometimes winning teams lose. I bet on a few games where I won but lost at the last moment. There was a draw in the last minute. So those who bet on sports betting sites are losers most of the time. For example, those who bet on sports betting focused on the game between Argentina and Saudi Arabia in the World Cup, but all of them bet on Argentina and they lost a lot of money there. Sports betting is exactly where the winning team sometimes loses. That's why you have to bet carefully when taking a bet in sports betting.

Why should these people share their stories just to prove that's possible? It's not their responsibility and I don't see any reason why should they shared it.

Let's put it this way, it's really possible to make a living in sports betting but not all are capable of doing that.

They surely undergo lots of failures and losses before reaching that status where they can make a living now thru sports betting. Besides, surely these bettors are able to gather more profits by now since they started their journey in sports betting that's why there's no pressure at all if they lose a certain match.

Actually, we have a lot of discussion related to your question. I will answer it, it depends on the ability you have. So, the answer is very relative depending on one's insight ability, how does he know the ins and outs of the world of sports that he studies, we take the example of football.

to become a professional gambler. you need a lot of knowledge, high insight regarding football itself. coach patterns, coach strategies, team strengths, injured players, teams that are on fire, whatever it is, you have to know as much detail as possible to be a benchmark in your betting. you also have to do an analysis, and for sure it takes up a lot of your time. moreover, you should watch the matches of the leagues that concern you. there are various things that a person needs to know if he wants to become a professional, how is it different from a football observer. at least, you have to have what I said in this post as basic capital.

even so, in every bet no matter how observant you are in terms of analyzing. still, the end result will be very closely related to the luck factor, even though it is based on various knowledge. so, I can't say that sports betting can be a place to make a living.  because I haven't reached that stage yet, my knowledge is still very limited regarding analysis. in fact, there are many people who are involved and become professional gamblers in the world of sports.

Truly there are plenty gamblers in third world countries who makes a living via sport betting due to the high rate of unemployment in their countries thus are full time gamblers, of course they are very skillful in analyzing matches and they usually have a group chat where they suggest pick of the day, I came across one of their forum where many of them do table their present condition in term of reliance on betting to make end meet or for a living, consequently they make money and some reasonable profits from winnings from their bettings, however I don't think this is applicable in advance countries where people gamble just for fun at times do earn extra income from it.

I can say based on my knowledge that if you were able to control your emotions and have limits on the amounts and number of bets you take, you could make reasonable profit as there is always a level of risk you could choose considering there are different odds, so you can stay with the small odds that provide high winning probability, but I think it's not an easy matter as the greed always steps in to force you to make additional bets or high odds bets, which usually results in losing your money.

I don't really know how people are making leaving from gambling, but to be honest most addicted gamblers believe if they keep on gambling, they are going to win big that's why it's always difficult for addicted gamblers to stop gambling, if you are gambling because you are looking for money, then the amount you might endup losing will be more than the amount you will win whenever you are going to win because you will definitely be desperate for the money.

If you depend on gambling for leaving, what will happen when you don't win within a particular time, am not asking people not to gamble, but we shouldn't depend on gambling for leaving, I think that's just my suggestion.

I don't think so because to make a living you need consistency. You're not talking about winning big one time and living the rest of your life on that win, we're talking about winning monthly, maybe weekly.
That's something nobody can guarantee you and you or anybody else should not live worrying if they will have money to pay the rent next month.

Gambling can be good supplementary income especially when it only takes an hour or two a day to make predictions and place new bets. What are you going to do with the rest of your time?

Don't try to make a life as a gambler. Be a professional in something and then a gambler in your free time.

I have seen gamblers that won big and used the wins to establish a viable business that is currently sustaining them. But relying on wins from gambling for daily or monthly expenses might not be the right decision. This is because income from gambling is unpredictable and unreliable. You might be lucky to win this month and might not win for many months, how would you survive? The best option still remains that gambling should not be recognized as a main source of income but it could give some side or passive income. All gamblers should have stable jobs to avoid gambling addiction and other health issues. It is also important to invest or make good use of the money that is won from gambling it shouldn't be spent on luxuries as many gambler do.

There are many fake stories online, don't believe everything you read.

There are people who have made it through sports betting, they were lucky once and won a huge sum of money that changed their life, that can be a target for someone who sport bets, not making a living off sports betting which means depending on it fully to survive, that can be very unreliable, unless you plan to become a tipster, which also does not guarantee financial security.