Topic: Who says you can't be a millionaire in sports betting? (Read 2038 times)

You identified important factors here but then there are exceptions and that is that it is possible to gather all the necessary information as you have noted and still get more lost than winning which is against your submission. Some gamblers are naturally greedy and so they accumulate so many games and stake with little. When you gamble this way there is every tendency that you will continue to lose regardless of the time spent researching the games. The reason is that the more games you include in a single bet, the higher the risk becomes. Each additional game introduces more uncertainty that can affect the outcome of the bet. If just one of the games in your accumulator bet loses, the entire bet is lost. Even when you are lucky to win it will not be consistent because of the bulk of risk you shoulder.

I prescribe gambling with larger amounts on fewer games. This is my strategy and it has been working for me for years now. I don`t win every day but I record more winnings than I lose and so I am profiting from gambling. By narrowing down the number of selections, a gambler can focus his research and analysis on those specific choices. This allows him to delve deeper into the statistics, form, and other relevant factors that can influence the outcome of the events he is betting on. With more focused research, the gambler may make more informed decisions and potentially increase his chances of winning. I think this can also be a form of risk management for some bettors. By concentrating your bets on a limited number of choices, you have more control over your risk exposure. This approach allows the gambler to be more strategic in managing his bankroll and minimizing potential losses.

That is my point, even if a person were to become an incredibly talented sport bettor, anyone that wants to achieve the dream of becoming a millionaire will need to have a great deal of capital already, and by the way the calculation I did will require for the person gambling to earn 50% each year, make no withdrawal and compound their profits every single year, conditions that even the best sport bettors will have trouble fulfilling, as they depend on that income in order to survive, so realistically it should take over a decade for someone that already had 100k to reach one million dollars through sport betting.

My bad for hyping up one lucky win without showing the whole picture. It's like bragging about finding a twenty on the street without mentioning all the times you walked away empty-handed. Not cool. People share their wins online, but the losses? Nah, those stay hidden like dirty laundry. But guess what? Most folks lose more than they win. Big shocker, right?

So, why am I telling you this? Because I don't want anyone thinking gambling is a get-rich-quick scheme. It's not. Those million-dollar wins are like finding a unicorn – rare and mostly mythical. And those betting platforms? They ain't handing out free money, they're businesses trying to make a profit.

Now, I'm not saying never gamble. You do you, boo. But be real with yourself about the risks. It's all about luck, not some secret winning formula. So, if you do take a spin, keep it casual, play with money you can afford to lose, and don't get sucked into the hype. Remember, responsible gambling is the only way to play this game.

And you think that it is easy like that, that everyone can conveniently have that $100,000 to start with? Regardless, gambling has never been easy, that is the truth, though, it is a means that one can make money, and that money could be made so big. But the two factors that will determine that are luck and efforts/expertise, and when the gambler is good with what he does, I think that this is more feasible. Nonetheless, I love the fact that you mentioned sports betting, and that is where I know that one can be practical with gambling earning, and not the casino branch of it if we have to be sincere here.

Not that people do not win in casinos too but it is too reliant on luck which is why I will not base my outcome on what will force me to rely on luck. I prefer to rely on my ability and efforts. Sports betting somewhat makes this possible, and anyone can still plan well on it and strive to make the plan work.

You say that you can make money through gambling, but the essence of the OP’s topic was to become a millionaire through gambling, and this can probably be equated to winning the lottery.

And besides, no one will risk a bet of $1000, with odds of 1001, you can try to do this in other currencies, where 1000 is not some kind of big money, but even in this case, I doubt that there will be many players who will be ready place bets at odds 1000.

You can bet $10 on odds 10,000 or 100,000, but it still seems pointless.

It is critical that anyone that is seriously considering becoming a professional sport bettor also keeps their expectations in check, for what I know a good sport bettor can earn up to 50% of their initial capital during a whole year, so someone that started out with 100k dollars will need 6 years to achieve their goal of becoming a millionaire, and as you can see a huge amount of money is needed for that to be true, so I would guess very few people actually have what it is necessary to become millionaires with gambling.

Those who place bets must have good analytical skills to make money. They cannot expect to win if they only depend on other people, so they must realize that they must be able to analyze every match. Many things must be learned before they can win at betting and having the ability to analyze is one of these things.

Besides that, they also have to know how to collect information about the performance of each team and player, where they can collect the information, how to process that information and so on. This is so they can find out which team has a greater chance of winning so you can place a bet on that team.

If they know about these things, they can win from their bets. They can also get big wins from these bets if they consistently improve their analytical skills to analyze every team that will compete. And don't forget about the luck factor because it still influences your winnings. If you are not lucky, you will not be able to win.

Every single sports bettor can't make a lot of money, but it's not impossible to achieve that as long as you know what you are doing. To get success in sports betting, one must know everything about a sport that they will use as their primary sport to make their bets on.

If you are good with football/soccer, you need to know every single team, every single player, every single manager, how each team and player perform in specific stadiums, how a team performs without a certain player, and there are a bunch of other things.

You can only become successful if you know all these things, and even if you know all that, don't expect to win every single bet because the luck factor is also present in between, and you are surely going to lose a few bets here and there for some reason, however, your overall winning percentage will be higher than your losing percentage.

Just like what I've always said before even though someone is able to do it on gambling, it doesn't really mean that it is going to happen to you as well, No body says that no one can be a millionaire on sports betting or gambling, I mean there only a few people for sure but there are people who win a lot of gambling and betting, as well as sport betting for sure.

The combo multiplier was surely popular and I do this kind of bet as well most of the time 1000pesos could easily be x10 or x20 you could make it up to 20kpesos or even more depending on how lucky you are, but a million for sure was really difficult to do and it's going to be a huge bet or risk aiming that kind of money, for sure it was just a lot of luck and little skill needed. This was probably a good bet since there is only very low risk here.

I've gonna say that is actually really lucky to win that kind of amount, It wasn't that big for someone but it might be life-changing for some people.

The excitement of gambling can indeed attract people to keep gambling and even though they are aware of the risks, they don't care because they can get that excitement.

Those who gamble using skill-based gambling continuously hone their skills so they can win their gambling games. They want to be someone who has good analytical skills so they can win their bets. And they think that gambling should be fun so they can win from their bets. And they will also continue to train their analytical skills to predict gambling games.

And it is those who really have better analytical skills who can win. This makes other people want good analytical skills, too, so they continue to practice them. But some people don't want to train their analytical skills and still depend on other people to place their bets. These people will never be able to develop their abilities and just wait for predictions from others.

Gamblers who use gambling as their main income will not be able to make money consistently because they are very eager to win a lot of gambling games. They forget that gambling is not a job where they can make money. No, that's not what gambling is like. They may only be able to place bets on matches they know so they can hope to win, but they shouldn't get their hopes up because they also have to realize that in a match, there will be surprises that they can't predict. And that is why gamblers cannot use gambling as a job due to such factors and can only use gambling as entertainment. When playing gambling, they also have to understand that they don't need to use a lot of money because that could cause them to lose a lot. Just use the money you need and enjoy the gambling game.

You can't. There, I said it.

The thing is that you can't reliably make money off of ordeals like these. Who goes out there gambling thinking they could be the next millionaire in the family bloodline all cause they placed a bet on SKT T1 for the world finals of League of Legends, can you see how stupid the precedent is? Plus it's a little predatory to inspire people to gamble by showing them your payouts. It's like showing people that you can earn money through ponzi schemes by showing them a cash checque you got from your MLM business while the rest of your bottomline is trying their hardest to sell their fucking soaps while you wallow upon the entrance fees that they paid you to get indicted into the organization. For the sake of everyone's sanity just gamble for your own sake and just be happy when you get the moolah, don't go out here talking about how gambling can make you a millionaire cause there's higher chances of you getting hit by a truck of tangerines before you even get rich from gambling.

Odds are 50:50? I dont think so. I would rather that odds on failing or failure is really that much more than with the success that you could really be able to obtain.This isnt really just that
too simple on achieving things specially on gambling field. In speaking about getting millionaire with sports betting then it is really something possible and we've been seeing those
extremely lucky kind of parlays. Although we cant tell that its pure luck since analysis could really be applied on sports betting on which it do really increase the odds on winning
but of course it wont really be that a guarantee and this is why it would really be just that depending on a certain individual on what are the things that they've been deciding into.

The gambler who use the way of the gambling and business in parallel can make the big winning in the gambling site.Because the gamblers who made the betting loss can use the money from the business.But the gamblers who do gambling as the primary income don’t have any more for the backup games.The gambler also use the gambling and the trading as the two way of the game.Because the gambling is not the easy money making one.The gamblers who takes risks in the gambling site can make the money using that risk of money.Many gamblers uses the money they afford to lose in the gambling site to make money by the tension free game.

The only way I see for a person to become a fan is to bet a lot of money on a sports bet, that is what is more common than what I see they can do , so when we do anything so that they can be taken into consideration a good Betting is that, in particular I am always going to do what is necessary so that they can generate anything so that we can have enough ways to play and win, it is difficult, because sometimes in sports betting things are something common that you can win easier, but I see it easier to win in sports bets than in a sltos session in a casino, this is a matter of taste, nothing more, when I get lucky I play dice, when I just want to have fun I put it in slots with 10usd no more no less, but the things I do are very different from what others do.

I am very discreet in casinos, I only like to play the Slots in online casinos , for some Reason I don't like to play the slots in physical casinos , Maybe it is that I enjoy online casinos the slots more, and I like to Play more in the roulette wheels of Physical casinos than online, now the dice and poker, I like all this more in the online casino, my bets for the casinos are like that , but when I Say bet on sports I like football, boxing and UFC, but more that everything because I know about those sports, I wouldn't do the rest, because the truth is I'm a big fan of soccer and I follow Almost all the leagues, except the MLS, which in truth, no matter how much I've tried to get it, I can't, no I know , maybe it's how they play or something, but I like it, I prefer the Mexican futbol a thousand times over the MLS, that's my way of betting, but obviously I don't do it with large amounts, but rather moderate amounts, but that's it I find it difficult to become a millionaire, as I said before, the only way is to Bet a lot.

Even though the chances are a straight split, the risk-reward dance is compelling. Excitement attracts people, even though they realize the risks.

Im fascinated by skill-based gambling. It shows human creativity, right? People improving their analytical skills to enjoy the game more. A win is merely icing on the cake for this mental workout. Gambling should be pleasant and exciting, so balance skill progress with realistic expectations.

Finally, I think gamblers for fun are right. They dont go to break the bank; they like the adrenaline thrill. A win is a welcome bonus. This attitude of gambling as a hobby rather than a competition keeps fun gaming alive. Enjoying the game for what it is is key.

Even though the odds are 50:50 between gambling and business, we can still get success from business rather than gambling. But even so, there are still many people who are still willing to take the risk of losing from gambling because they still see a chance to win the gambling game. And those with skills in analyzing a match will continue to improve their skills to increase their chances, even though it won't be easy. Those who are not serious about gambling just want to enjoy their free time and can get pleasure from gambling. Those who come to gambling in their spare time just want to experience the pleasure of gambling so they only gamble in moderation. And if they have analytical skills, they will try to place bets but don't expect too much because they just want to have fun at gambling. Getting that win was a bonus because they weren't chasing it either.

When it comes to gambling, everything that's financially related is just possible to achieve even with the least amount of money. I've been able to see someone win over $50,000 with a stake price of just $5 five year ago and even up to this very moment, we still hear reports of such outrageous wins from other parts of the world.
However the possibility of getting such wins are very slim and if a gambler starts sports betting just to become a millionaire through it, there's every possiblity that things might not turn out well the way he thinks of it. So it's very possible to become a millionaire from sports betting but the truth is that it's very rare to see people who achieve that especially low income stakers

success in gambling is not much different from success in business, the odds are always 50:50, for this reason, an effective strategy is needed so that someone can win big and be successful from gambling. high discipline and also obeying the rules in gambling are very important, often those who lose big in gambling are people who are careless and only rely on luck in gambling. don't waste your precious time, if you are not serious about gambling it is better for you not to play, unless you have good skills in skill-based gambling or lottery.

In the world of gambling, we do have the opportunity to win and also the opportunity to lose. But most gamblers will find that the chance of losing is greater than the chance of winning, so it makes them really emotional because they want to win. They will continue gambling and think their chances of winning will increase as more money is deposited. Even though that will not increase the chances of winning, it will increase the chances of losing. They should be able to understand this when they gamble because even though they can analyze well, if, in a match, there is a change in the situation that causes their chosen team to lose, they will not be able to win. They must also be able to understand that in gambling, there is uncertainty and not knowing when we will win. Maybe we can keep trying, but we have to consider whether it is worth it because it will cause us to lose a lot of money.

The point of this thread is only to proved that one can be a millionaire in gambling but you are right, the probably is low, that's the reality. So if anyone is inspired by this words in the OP without reading the real content, they might be mislead. Gambling doesn't guarantee a win, in fact as per reality, most gamblers losses because casinos have their advantage they used to run their business profitably, that's how it work, however there are times that a better got lucky (just like in the OP), so let's consider that as a lucky win which by its word lucky, it doesn't happen most of the time.