Anyone here make any significant money betting on sports?

[playersare]

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I honestly don't think sports betting is worth it if money is your main motivation. there are many easier ways to make money then sports betting (casino whorring, poker, even possibly the stock market).

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I think what you mean to say is sports HANDICAPPING isn't worth it for making money long term. sports BETTING can mean a variety of different strategies that may or may not have anything to do with actually picking winners, and can most definitely be easier than poker, casino, and the stock market (though I personally do well with all of these, and continue to do all four combined for variety sake). the long-term profit potential for sportsbetting with a large bankroll beats any other form of traditional investing that I can possibly think of.

[20Five]

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the long-term profit potential for sportsbetting with a large bankroll beats any other form of traditional investing that I can possibly think of.

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I agree

As with most ventures, it takes money to make money.. and this is one of the reasons I'm not exactly killing the books. My plays are all pretty small, as I'm not made of cash, and Im still not relatively confident with playing at bigger stakes. It has been a good December though, and I think any month can be just as profitable.. so to answer your question, yes.. you can make substantial amounts of money doing this.

GL!

[Recliner]

I started sports betting 3 months ago and in that time I have won $171.81! I started to get the paradise chip set, so $10 on football games, and then I made some larger bets that came through, (Thanks White Sox and USC!).

Handicapping isn't worth the time IMO and I believe with my skill level Poker will likely continue to be more profitable for me. However, Sports Betting does hold a great place. There is no reason to keep your entire BR in a poker site or neteller. ING or Emigrant Direct is a set up from these options but the best option for your excess BR money is in scalping and middling sports. You should have no problem finding a scalp or middle that should return .5% to 2% every couple of weeks. Annualized that is approx. 13-52% return on your money which blows ING and ED out of the water. I'd imagine you can generate much more by spending a larger amount of time doing it. Or you can spend almost no time doing it and still beat ING/ED.

Went from $100 to $2k in December. Football only.

[MyTurn2Raise]

I'm a loser

It's impossible [img]/images/graemlins/wink.gif[/img]

[homedog]

I've made decent money betting home dog moneylines. I love situations where the game is basically a coinflip but I'm getting the positive side of the vig. Makes me feel like the house.

[Indiana]

Wanna beat sports? Then you gotta narrow down and get to know a sport well like I know boxing. I read all the mags, attend the fights, and make friends w/ trainers so I can hang out around the training camp.

Holla,

Indy

[Indiana]

Dont you think its harder to beat a game like football, as the entire public knows the game so well? People suck at boxing which is why I got 6:1 on tyson's last fight.

Indy

Wayne Root and Jim Feist don't wear those shiny suits for nothing.

[MyTurn2Raise]

serious answer:

Yes, people make significant money. I'm small time and add 4 figures per month to my lifestyle.

So far, read the FAQ. Use bonuses from the sportsbooks. Look for profitable middles/arbs/etc. Pay attention to posters who know what they are talking about and ride their coattails. For example, Null's picks, NoChance's system, and NajdorfDefense's system are carrying me through college basketball. Mr Baseball was hot at the end of the baseball season. The bar stool pundits picks were good for NFL. I carried my own weight in college football. Just look for who's hot and who has a history and ride them. Also, like Warren Buffet's investing, bet what you know. I'm fanatical about Illini bball and major conference college football. I look for the gaps there. I pay attention to people who seem to be betting what they know real well.

I started following this forum in Late July and it's been very sweet since.