Can we really make a living in sports betting?

[Maslate]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

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[bittraffic]

You have to be very good at it so that you can accurately predict the likelihood of a match outcome. It is not easy to have this skill.
Generally, successful bettors have a deep understanding of the sport they bet on combined with a disciplined approach to managing their money and their bets.

What I noticed about sports pickers is that they find exploit any discrepancies in the odds being offered by bookmakers. Making them really good at what they do and a bit of luck of course. Hope someone wilk share methods of doing so.

[rhomelmabini]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

I guess you can but have we asked ourselves how they get into that position? Maybe they are skillful enough to have a good win rate but I think most of them spend lot of time and spend a lot of money before they made it this far. Would really be a good thing if someone in here really make a living into sports betting and what can he/she advice.

[bitbollo]

Is an interesting question and the answer is not trivial.

if you invest a substantial amount and dedicate a lot of time to this activity, it can become a full-time job, like any other job...

But you have to consider several aspects at least in the setup phase:
- study sports/events/team players/type of gambling/odds/websites
- have more internet lines to connect (can you risk having a connection problem during a live match?)
- possibility to travel and bet live in some events (therefore including food and lodging expenses, sports tickets)
- funds to bet with (you must have enough money to cover a wide range of matches)
- working at any time (even at night!) and having to follow dozens and dozens of sports news/updates etc
- betting software (like geek toys for betfair...)
- create various accounts on the various bookmakers, therefore bureaucratic procedures, etc
- manage taxes/fiscal aspects
other things to be counted on, like devices, office, general expenses...

In short, living off betting is a job like any other.
It requires experience, financial investments, investments in terms of time...isn't easy at all, achieving a result requires a lot of effort

[Gozie51]

I'm just curious, do we have members of the forum here that are making a living in sports betting?

Not only members here. People have really gone into gambling because of lack of jobs and some have been successfully cashing out heavily from it especially on soccer on a daily basis.

Can they share some inputs on how to be successful like them?

Do not wait for people to tell you exactly how they make their money because if you are waiting for that you might have been wasting your time yourself. People will give you clue and not exactly how they are making their money after all you are not their family member. The clue is yes it is possible.

I hope they will share so we will know if it's really possible.

I know that people are cashing out in soccer betting and doing it as daily business. One strategy I have heard is to bet on few games or 1 or 2 games and they bet hugely on it to increase the potential winning. Also some rely on betting numerous game but they cash out at a particular time that they have a reasonable cash out.

[Oshosondy]

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

Do not be inspired, rely on other things, not gambling. If you want to gambling responsibly, use the amount of money you can afford to lose and the amount shluld not be above it.

If you want to be gambling for a living, you will use more amount, remember that as you can win you can lose, but you have more chance to lose, it is called house hedge.

You have to be very good at it so that you can accurately predict the likelihood of a match outcome. It is not easy to have this skill.
Generally, successful bettors have a deep understanding of the sport they bet on combined with a disciplined approach to managing their money and their bets.

But if you have nothing that you are doing but rely on gambling to make money, it would only result to loss, life frustration and depression.

[Kelvinid]

What I noticed about sports pickers is that they find exploit any discrepancies in the odds being offered by bookmakers. Making them really good at what they do and a bit of luck of course. Hope someone wilk share methods of doing so.

I think that's another thing, it's called no risk betting because they are using arbitrage betting taking advantage on odds differences of different bookies. I think what OP would like to know is on how to win in sports, like your win rate should be over 52% to be profitable.

I read in some forums asking the similar question, some said that 52% is the key and with a good bankroll management, it's possible to be profitable.

[libert19]

If you are really passionate about the sport and know it's insides out you have more chances to make living out of it.

Also, I consider sports betting to be different than gambling, it's different than sheer luck spotted in gambling games.

[swogerino]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

I am going to give it a try.In my latest experiments that I am making I am seeing that 75-90% of the games I have placed a bet both teams to score yes by judging team forms and in depth analysis from all the predictions,news and reviews sites I think I am ready to test this,I don't mean to make a living literally but to try and see how long I will keep up this rate.For this I am starting today by not playing the usual slot machine with my weekly bankroll of 100 dollars but converting it to Litecoin and start my attempt.

I know this is huge what I am trying here but so far from my analysis when I have not bet they have come true,let's see when I bet now  .Will be reporting after a week or a bit more or earlier depending,I will start with 0.20 Litecoin or a bit less as a beginning as I can't really quit slot machines that easily.

[bisdak40]

I heard lots of stories online that there are people who are making a living in sports betting

If there is one telling this kind of story, this could be one in a million and i don't think that we have users here that rely on sports betting for a living. You may have a winning streak but in the long run, you will have a losing streak as well and eventually lose some money in the process.

Unless you are doing "arbitrage betting" which i have not tried myself as this is a complicated thing, sports betting is just for us to win some money if we are lucky and enjoy the sports that we are betting.

[tokeweed]

What I noticed about sports pickers is that they find exploit any discrepancies in the odds being offered by bookmakers. Making them really good at what they do and a bit of luck of course. Hope someone wilk share methods of doing so.

I think that's another thing, it's called no risk betting because they are using arbitrage betting taking advantage on odds differences of different bookies. I think what OP would like to know is on how to win in sports, like your win rate should be over 52% to be profitable.

I read in some forums asking the similar question, some said that 52% is the key and with a good bankroll management, it's possible to be profitable.

It's 52.4% win percentage you're decent, around 55% you're doing great, around 60% over a decent sample you're a sports betting god. 

But here's the thing, to make a living out of sports betting, you gotta have a large enough bankroll.  That's why when somebody asks they want to make 100k in betting sports in a year, how do they do it?  The answer is they should have a 100k bankroll to win 100k.   

And by bankroll, it's the money used just for betting.  If anybody wants to bet sports or play poker for a living, you gotta have at least 6 months worth of living expenses in your bank account separated from your bankroll.

[Ahli38]

I think it can indeed be done by some people. but I guess it only works for some people only. sometimes I think the same thing. but I realize that I am not sufficiently skilled in this area. so I only do it for refreshment and to release the burden of stress on my head which every day has to deal with market fluctuations on the monitor. And I only bet on the games I am absolutely sure enough to win. and to be honest I've been having a lot of luck lately. so that I become more active in betting. But still I just consider this as just for fun not for a living  even though I earn more from this.

[boyptc]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

I'm not living with it but I know people, friends of friends that are really living through sports betting. With many sportsbook that have come into the market, they're not even in the forum.

But, they're making a lot of money through commissions not just from literally gambling alone but also by having referrals. So, that's two way for them.

You now have the idea that it's not only about gambling with your money but also by having people you attract to gamble for the casino you're affiliated.

[madnessteat]

I agree with those who believe that you can make money in sports betting, but you need to have a lot of initial capital and a desire to spend most of your time doing research, watching sports events, etc.

If you want to make money from sports betting, you need to put a lot of effort to achieve this. Unfortunately I have never been able to develop my skills for that, so for me, sports betting is a hobby I enjoy.

[Strongkored]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

I do think that in sports betting the slogan house always wins is not true because the results of wins or losses that punters get really depend on the results of the match and the punters' ability to analyze a match and the luck factor doesn't really play a role just a little.
Don't know if there are members here who can really make a living from betting on sports betting, but I've seen several bettors who share the winnings of their bets and it's worth quite a lot in my opinion because they also use big money to bet.
The amount he won could cover a year or more of living expenses if he lived in a developing country but it might only be enough to cover a few months' living expenses if he lived in a developed country.
So I think there are people who can indeed make a living from sports betting but that person must also have other activities that generate income and not just depend on one income.

[YOSHIE]

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

One thing you should know: gambling is high risk, despite the fact that some people you know make their living, in sports betting, I would bet the percentage of such people is small, maybe 1%, if at all.

I already know many friends who are involved in gambling, they spend their time in the world of gambling for 24 hours, without working, the fact is I don't see them being able to cover the needs of their families, what happens is fights in the household, so why do they keep on gambling if this happens, the biggest factor is addiction and lazy work, hoping to get big wins.

To be honest, I've made a lot of bets in sports betting, you really can't bet 100% accurately with the guesses or teams you bet on, sports are competitive, situations and conditions will determine wins and losses, even though the team or player is the strongest player & team in the world, the fact is that in the 2022 world cup, many bettors lose because of the team they are defending, what is the story if what happens like this can be said to make a living.

Sports gamblers, if you hear anything on the internet they can make a living in sports betting, it's all illusion and fairy tales, If someone says something to me, for sure I will hear with my shoulder, not with my ears.

[panjul07]

You can if you know how to do it effectively and wisely.
It is not only about how much money you can risk but also about how far you know about the sports you are going to bet (knowledge).
Great money management also needed as well as emotion management.
If you are just a recreational sports bettor and you want to be professional sports bettor for living, it is possible but it is not that easy.

[Solosanz]

@OP it was already discussed before in this thread Anyone making 4 or 5 digits (USD) monthly from Crypto Sports betting?

Actually I don't understand why you can say the casino has an advantage in sports betting? sports betting isn't like slots where the casino has house edge and it will make the gamblers has lower chance to win the game. While sports betting you're the one who choose the betting option and which event you're want to bet. The only advantage that the casino will earn is when you withdraw your winnings, they will charge more fee.

[qwertyup23]

I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?

I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?

Like what most have mentioned, it can be really difficult making gambling as your main source of income due to its nature being unpredictable and unstable. Unlike getting a job where it pays you monthly, gambling totally relies on your partial skill + luck for you to profit. You may earn huge amounts of winnings in a day but you may also lose large amounts if your luck is not on your side.

If you plan on making sports betting as a source of income, make sure that you have a contingency plan in the event that it fails. Rather than depending on gambling as your main source of income, you may also want to venture into business, etc.

[cabron]

Not all can make a living through sports betting. This is still gambling and even the seasoned sports gambler loses so the need to have bankroll for months. With a big bankroll, you are able to weather losing streaks that will be on your way at some point. Money management is an important aspect of sports betting.