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Does anyone bet sports for a living here (Not Arbing)? (page 4)

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Author Topic: Does anyone bet sports for a living here (Not Arbing)?  (Read 3613 times)
johnsmith
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« Reply #45 on: September 06, 2016, 12:09:56 AM »

i make my living betting greyhounds.

I was an arber back in the glory days before this forum and the old uk one  before moving to the dark side and for the past 3-4 yrs have been on the dogs full time

my bank is 200 units, turned over 5 times a month approx with a pot of between 5 and 10% , which is on the higher side of those that bet for a living. my unit size is currently $250/u and is adjusted in $50 increments up or down after +-/50 unit swing.

I experience the usual constant limiting across multiple accounts and gnomes and have to spread bets around multiple books and exchanges to get set.

i tend to take advantage more so in the place market with the majority of my bets 1/2 (1u win 2u place) , taking advantage of the value in a particular dogs chances to place being better than the correlated odds the books offer on those markets relative to its win price.
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maletaja
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« Reply #46 on: September 06, 2016, 10:14:57 AM »

Im not profesional(i have daily job) but im quite active over 100bet per week. Due to searching and finding static bookies for me first month havnt been easy(errors,deposit-limitation-documents procedure-withdrawal,bad soft)But each day i make fewer mistakes
Now its been stabilized for me-i have around 5 soft bookies. Some of them had limiting me, but i can still do up to 100eur bets. My terms for soft bookie is 1)no void bets without reason 2)min 100 bets 3) lots of action
My arbing is changed somehow valuebetting. I dont cover anymore pinnacle up to 100 bets. I dont see any reason to take insurance from pinnacle for  60$ bet. And biger bets i take partial event risk just to reduce pinnacle exposure
What im missing?Mayby some good partner(s) who will do  same thing and can share experience. I think it could have lot of synergy
« Last Edit: September 06, 2016, 10:18:14 AM by maletaja » Logged

De Graaf
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« Reply #47 on: September 06, 2016, 06:55:24 PM »

Been doing straight value betting since October last year, as a side thing, manual, flat stakes, tuning the bank at least once a week.
I am above 10% average and have no concrete idea why. Would not do it for a living. 
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Bubbles
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« Reply #48 on: September 06, 2016, 10:41:02 PM »

I know a few pro punters, it's not an easy game, most of them have an edge of some description.  One person that springs to mind is a professional in running horse player on Betfair.  He's getting crucified by their Premium Charge but still makes a decent living.
If you mean Dave he bets only only the place market. Otherwise he's trading, entirely different beast than betting
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Offshore Insider
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« Reply #49 on: January 10, 2017, 01:28:17 AM »

I believe the number of smart minority who are making money by sports betting over long haul is "definetely" less then %1.

I used to be a Professional Handicapper too. I remember the day, I had quit my day job and started to work Full Time Professional Handicapper. I had my own service, had many clients from different parts of the world. It's a tough job. Bad swings, unfortunate losing streaks are unavoidable.

After I started arbing, I lost my motivation to handicap games and terminated my handicapper service. Time to time, I take some bets too but not often. When you full focused on arbing, you lose your motivation for handicapping.

However, I don't think we should not be betting. Value betting/Dropping Odds (or another profitable angle/system) can be a "good addition" to your arsenal. Just be careful with stakes!

My advice to people who want to make a living by betting on sports. Bankroll is important. Your bankroll is your inventory, it's your lifeblood. When you run out of blood, you're out of game. You must have a large bankroll and the Three Steels. Nerves of steel, Heart of steel and BALLS of steel :D

You should not get upset after a bad losing run. You must have nerves of steel.
You should always bet with your head, never with your heart.
And finally, you should always be ready to take the risk!

Money management is very important. I suggest to bet %1 or %2 each bet. Think it like a snowball. As your bankroll increases, your profits will increase too. When your bankroll is 50k, you're betting 1000€ each game. When your bankroll increased to 60k, you will be betting 1200€ every game. If you can increse your bankroll by %10 ever month, your 100,000€ will turn into 314,000€  after 12 months. Bet limits shouldn't be so much problem as long as you have access to Betfair, Pinnacle and Asians. Good luck!

Couldn't of said it better myself...

The question posed by OP has many variables...

line shopping
soft books & high limit shops
different sports / markets
bankroll size / management 
dicipline.....

It's definitely possible but the bookmakers operate due to those who lose longterm. If one employs good money management whilst using a decent sized bankroll as they shop around for the best price and find an EDGE on a sport/market the can profit for sure... Biggest thing is dicipline... I find myself struggling with this on a daily basis... you can win 5 straight bets but what good does that do to your bankroll if you bet x5 as much on your 6th bet and lose? It's all about dicipline as it ties into each one of the points I listed above..

Shopping for the best price, betting into soft/or high limit shops, finding an edge within a particular sport/market, using your bankroll wisely all take dicipline... if it was easy everyone would be Billy Walters... the older I grow the more I learn and it's a pleasure of mine realizing that the game we play is tilted in the bookmakers favor... I do this cause I enjoy it... every dog/mut has his day.
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