Betting Talk

Betting Sports for a Living

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Comments

  • R40R40 Senior Member
    edited September 2018
    donny2 wrote: »
    Hi there. Yes i know they said 1 percent is what most pros bet. I get what you mean with having bet lot of games, then decide if you have edge and then start betting 2 percent or more.


    But let say you believe you found an edge. So let say bankroll is 10k to make it simple. You would bet 200 a game. Now let say after a day of betting, bankroll is now 10150 or 9850. Are you really going to make the next bets 2 percent of 10150 or 9850? Because wouldn't it be better idea... once the 10000 hits 15000... which would require 25 units at 200 per bet... then you bet 300 a game? Or is that incorrect.


    Now if you just want to make some money where you flat bet same amount every year, then flat betting whatever amount is fine right? Like how some ppl always bet 50 or 100 or 200 or even 500 a game. But if you want to be serious where you want to get a bigger bankroll where you could potentially make a lot, you have to increase bet size right? But is increasing bet size the way i described it still okay? Thus if you get bankroll from 10k to 15k while betting 200 a game, then you start betting 300 a game? Then if you get it to 20k , you bet 400 a game? And whenever you hit below 15k, you go back to 300 a game? And say if you dropped from 10k to 7500, go to 150 a game etc? So i like to know what is the right way to do it in terms of betting where eventually one could bet 500 a game or even more like 1k or 2k. Because unlike poker where the higher stakes you play, the tougher the competition, whether you bet 100 a game or 500 or 5000 a game, its not like its harder to win a 500 dollar bet vs a 100 dollar bet, its money. I think someone mentioned that sportsbetting is scaleable... is that the word because of that?

    You have to consider that if you are going to sit at a computer for 12 hours a day determining a good line then adjusting your bet size is a minor inconvenience.
  • donny2donny2 Senior Member
    edited September 2018
    Hi there. But is adjusting your bet size every single day really a must? So if you bet 200 a game with a 10k bankroll and bet that amount until you have 15k... then you start betting 300 a game is not good then?
  • RonbetsRonbets Senior Member
    edited September 2018
    donny2 wrote: »
    Hi there. But is adjusting your bet size every single day really a must? So if you bet 200 a game with a 10k bankroll and bet that amount until you have 15k... then you start betting 300 a game is not good then?

    Sounds like your work ethic is resembling your posts(lazy). With questions like above you/we ran off the wrong guy in Danshan.
  • R40R40 Senior Member
    edited September 2018
    donny2 wrote: »
    Hi there. But is adjusting your bet size every single day really a must? So if you bet 200 a game with a 10k bankroll and bet that amount until you have 15k... then you start betting 300 a game is not good then?

    It is not a must. You can just keep bet what you like. It would not be considered optimal. Don't let these things get in the way of your fun.
  • donny2donny2 Senior Member
    edited January 2019
    Okay so i like to get started on this pretty soon. This isn't some recreational fun to me. I play online poker as my income and im not making money from it which is why i want to bet sports. Overall, im down in sports if you factor everything.


    If i start out with 20k, would you say its way too conservative to do 1 percent or 200 dollars per game? I would say on average i might have anywhere from 2 to 10 plays a day. On weekends, i think i could have up to 20 plays at the absolute highest. Its probably more in the 10 play range area. But i say on average its probably like 2-7 plays a day.


    But if i do this, well its hard to make your bankroll grow. Seems like if you want to make 40-50k a year at least i sportsbetting, you need at the absolute minimum 1k units. And that would mean at least a 50k bankroll at the minimum if you want to bet aggressively. Because if you start out with 100 or 200 dollar units, it just seems way too hard to make much since people say roi is 2-3 percent if decent and it could be 6 percent if very good etc. But you are not going to have that much of an roi if you bet a lot of games from what ppl say. So if you bet 200 a game or 220 with juice. Say you bet 150 games a month on average. If you go like like 55% which is around 83 W and 67 L, well that is +9.3 units. So with 200 dollar units, that would be 1,860 profit a month. But 55% is already a high number since well over 95% of bettors lose. But if you increase the unit size to 500 dollars, that would be 4,650 profit a month which would hit the 50k a year goal. But of course, this is if you don't change your unit size which ppl here says its absolutely incorrect. My main issue here with increasing unit size is when you do good and build up your bankroll where you could bet higher, well the moment you start doing bad... well it would only take say 10 losses to go back to where you were betting previously since you had to have about 20 wins ... assuming to make it simple you increase your bet size by double.


    But still the suggestion would be say start with 20k, bet 200 or 400 dollar units and then increase bet size slowly as you go up right? I mean i could imagine going from 200 to 300 bet size etc but going from 200 to say 220 just doesn't make any sense. I could imagine 200, 300 and going slowly etc.


    Again the issue here is when you do bad, you are back to betting smaller units again... and the big issue is you going to need more wins than losses that way. Like bet 500 a game and down 10 games you are down 5k. Now you are betting 250 per game and you need to win 20 games just to get back to where you were etc.
  • gobucks2gobucks2 Senior Member
    edited January 2019
    donny2 wrote: »
    I play online poker as my income and im not making money from it which is why i want to bet sports.
    this is what is known in the business as a 'red flag'
  • donny2donny2 Senior Member
    edited January 2019
    Okay i will rephrase this. I want to transition to something else then. By your statement, i assume you mean someone who would then bet sports or play tables games and degen it up correct? I am down overall in sportsbetting and table games. I no longer play table games anymore because i lost a good amount of money years ago so i haven't went to play table games ever in a casino for a long time already.


    Also when i mention i play online poker as my income, im American but i relocated outside the US a while back to play on pokerstars and the sites americans can't play on. Thus i could play on the bigger sites and not like the sites only us players could play on such as say bovada/ignition or winning poker network which is full of bots etc. I have access to pinnacle and non us sites because of this.
  • jmjm Senior Member
    edited January 2019
    I’m coming in late to this, but since you’ve said you’re down overall in sports betting what makes you think you can beat it when your rent payment is on the line?
  • jets96jets96 Senior Member
    edited January 2019
    do you work , have steady money coming in from somewhere ?
  • donny2donny2 Senior Member
    edited January 2019
    Well the reason is because when i first started betting, i was a complete novice. I bet huge favorites, had no bankroll management and basically had no clue what i was doing. This was over 10 years ago. I was chasing etc. Then after a bit i started to read a bit etc and learn and then for a while even though i was losing still, i wasn't losing that much so it was not a big deal. Then to those of you know who know about black friday, well that happened. I was playing online poker in the us for income and did decent until this happened. Then after a while i went outside the us and thus could play on sites like pokerstars etc and could even get pinnacle account and accounts americans could not get.


    I did bet sports as well and made profit but issue was this was with arbitrage and bonuses. But i was still down from sportsbetting mainly because i was doing 2 things at once... playing online poker and betting sports. Thus its really hard to do good in one thing if you are focused on another. Like when im playing poker, i would look at the the odds online ... this would be during my tournament breaks online etc. I would place bets near gametime or not that far from it and my issue is when i do this, im playing poker as well so i cant give much concentration to sports. Thus what i typically do is i look at the card from all american sports. Then i put down what plays i like. Sometimes i would bet openers but rarely do i do that. Because i typically look at the line movement the next day especially on the games i circled and then not far from gametime, i would then bet all the plays i like. I actually did this for a short while a while back and did decent but the reason was b/c i wasnt playing any poker at the time and gave full concentration. But then later on i did this again and gave way too much time to it but lost a huge amount of money for myself and then stopped betting and took a very long break. I haven't made a wager in over a year already i think... if i did make a wager it was 1 or 2 bets. Because my thoughts were unless im betting at least 500/game, it would be hard to make decent profit. Like even online poker, its very hard to make 30-50k a year now. But with sports, i dont have the bankroll to bet 500 per game. And i think you probably need to bet 1k minimum if you want to average at least 30-50k a year. Also online poker has been stressing me out. Also im getting older and im not sure how long i could play online poker for. I play many tables at once... i could do this easily in my early-mid 20s but now its a lot harder. And with sports, well its not like okay if i bet a higher limit, its harder to win compared with poker where if you play micro stakes, its easier than low stakes and easier than midstakes etc.


    My rent is low where im located. Its basically under 500 dollars. You could find some very nice places for 1k month. No i do not have any money coming from anywhere else. Any money i made came from online poker... been doing it for a while but for some time, im not making much or any from it anymore. Im sure you heard of ppl from the us who relocated to canada, costa rica etc who were poker players or maybe even sportsbettors etc. Because back then, it would be hard to play for sole income with only bovada or whatever site that was left to americans. And if someone bets sports, it would be hard b/c back then it was only bookmaker etc.
  • jets96jets96 Senior Member
    edited January 2019
    my suggestion is to find a full time job , make money. Not sure why you would think you could win at betting sports ,especially long term.
    Unless i missed something , what history do you have betting sports.
  • RonbetsRonbets Senior Member
    edited January 2019
    "My rent is low where im located. Its basically under 500 dollars."

    Are you living with Mama or in the Projects? Buy a condo before you go completely bust.
  • jets96jets96 Senior Member
    edited January 2019
    see thats the thing , making a living there ,isnt the same as making a living in higher cost of living areas like say new york where i live.
  • donny2donny2 Senior Member
    edited January 2019
    I been betting sports for a long time but i was recreational bettor and nothing more.

    I relocated outside the US. Thus imagine costa rica, mexico, thailand and those type of countries.

    And yes making money outside the US is not the same as in the US. The rent in the US and everything would be at least 2x here minimum.
  • jets96jets96 Senior Member
    edited January 2019
    the rent for a house next door to me is 3,000 a month and you dont get dick with it....now you have to pay for your heat, electricity, water , cable/phone/internet ...its actually cheaper to rent then to own
  • RonbetsRonbets Senior Member
    edited January 2019
    jets96 wrote: »
    the rent for a house next door to me is 3,000 a month and you dont get dick with it....now you have to pay for your heat, electricity, water , cable/phone/internet ...its actually cheaper to rent then to own

    What's the square footing 1200? 3dimes don't get you much in good parts of the 5 NYC boroughs. Long term never cheaper to rent in most places.
  • jets96jets96 Senior Member
    edited January 2019
    i live right outside the city and if you have about 120,000 seating around for a down payment on a small house around me then thats great most dont , so renting is a better option or move to another country
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  • StackAttackStackAttack Senior Member

    mods? nope.

  • danshandanshan Senior Member

    yeah I think they took some time off. I am hoping this forum kinda wakes up again at some point

  • R40R40 Senior Member

    They don't have the ability to delete. We are just keeping this thing around in case SlackChat gets killed off.

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