Anyone here make any significant money betting on sports?

20Five · #1 12-26-2005, 02:49 PM

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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 · #2 12-26-2005, 04:20 PM

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.