Who says you can't be a millionaire in sports betting?

[EarnOnVictor]

I just saw this betslip shared by someone on social media and he was bragging that he turn his builder bet to Php 1 million pesos or equivalent to over $18k. The bet is only Php 1k or ($18)... see the bet slip below. (check the outcome to see the winning)....

When you go to Twitter and search for bet slips, you will see bet slips  like this with exactly the same story. This would generate a lot of engagements but I begin to suspect once that type of winnings is consistent. No gambler have such impressive wins every time. It is either he will bank rolled by the bookies to promote them and bring more customers or he wants to people to sign up for his paid betting telegram signal group.

I entirely disagree with you, maybe you are talking about the casino side of gambling though. If it's about sports betting, you will even see a better result than this. Gambling is risky, that is a fact, but if you wisely approach it and also play only the aspect of gambling that can't be rigged by the house, then you can actually achieve a very good result. I do not have the very best gambling experience in sportsbooks, yet I am reasonably winning to the point that I can confidently say that people can consistently win with their sports betting, and they must only ensure that they manage their bets and portfolios well for this to happen. There are career gamblers if you do not know, and if it is not possible that they have such an outstanding performance, why are they building their careers upon it?

Also, I agree with your idea that all that we see is not genuine, this is very correct, especially with celebrities. I have seen a whole lot of gimmicks when it comes to sales and marketing, this is why we shouldn't believe all that we see. But if we can't still 100% verify an allegation, we shouldn't argue it as a fact, which also applies to this allegation of yours. I believe that outstanding results are possible in gambling even despite that it could be doctored or otherwise, and when it's about betting on sports, anything is possible as I have seen some spectacular wins too. Many outstanding results are all over the place, but as always, the majority will always cry foul simply because they couldn't achieve it, but in reality, it is so. I experience this mostly in trading.

[Silberman]

Professional gamblers for sure have sponsors to support them in their game, for sure they are skilled and talented which is why they are considered professional which is why some companies sponsor them. Sure they cannot be rich overnight but if you have the funds and can continue to play, you could still get rich in a long period of time, the downside is no matter how much you win, you will still split it with your sponsors. With that, you can say you can make a living with gambling, but you won't be a millionaire with that method cause gambling still rely on luck despite on your skills and talent, you just reduce the risk of losing with your skills.

If you talk about sponsors to support gambler, it's not professional gambler, but they're a streamer or paid actor. Such people are sell their soul and privacy to make money, they don't mind to mention their name, what they do, their house, their family etc in front of people in this world.

Anyone can be like that including you, it just depends on our choice to pick it or not.

Even professional gamblers have sponsors, if you take a look at some of the most famous poker players around the world you will see that when they are playing they have shirt or a cap with the name of a casino in it, they do not do this because they are good-natured people that just want to support that casino, they wear that because they are being paid to do it, and some of them even appear on ads promoting that casino, not that there is anything wrong with that, but it is clear they are being paid for this.

[Westinhome]

Even professional gamblers have sponsors, if you take a look at some of the most famous poker players around the world you will see that when they are playing they have shirt or a cap with the name of a casino in it, they do not do this because they are good-natured people that just want to support that casino, they wear that because they are being paid to do it, and some of them even appear on ads promoting that casino, not that there is anything wrong with that, but it is clear they are being paid for this.

The casino will sponsor mostly the professional gamblers because their game will be seen by most of the public around them in the casino.The casino which sponsors them only for the benefit for the name and some followers of the professional gambler will do the bidding on that gambling site.Finally both the gamblers and the casino get money by just wearing the cap of that casino.The gamblers who had huge experience will get the chance from the casino and the average gamblers may not win the game.They also can’t afford the loss in the gambling sites.The money benefit for the average gambler will be low in all aspects.

[wallet4bitcoin]

Millionaires are birthed on a daily in the gambling space, so are millionaires wrecked also. It works both ways, if luck shines on you as a gamer, it will spin you into the other side of the divide financially and that's just how it works but keeping you constantly as a millionaire isn't the responsibility of the gambling luck to handle, meaning that you can also find yourself on the other side of the coin a few minutes after you are transformed.

Obviously, this accounts for why we don't see much millionaires come out of the gambling space as their new status don't last very long because it requires more than just luck to maintain a millinaire status.

[Quidat]

Even professional gamblers have sponsors, if you take a look at some of the most famous poker players around the world you will see that when they are playing they have shirt or a cap with the name of a casino in it, they do not do this because they are good-natured people that just want to support that casino, they wear that because they are being paid to do it, and some of them even appear on ads promoting that casino, not that there is anything wrong with that, but it is clear they are being paid for this.

The casino will sponsor mostly the professional gamblers because their game will be seen by most of the public around them in the casino.The casino which sponsors them only for the benefit for the name and some followers of the professional gambler will do the bidding on that gambling site.Finally both the gamblers and the casino get money by just wearing the cap of that casino.The gamblers who had huge experience will get the chance from the casino and the average gamblers may not win the game.They also can’t afford the loss in the gambling sites.The money benefit for the average gambler will be low in all aspects.

Once you do already have that popularity and fame then it would really be normal that you would really be hired or would really be get to be part of their market and this is where they do make money  too out of those popular gamblers who would really be giving out that kind of exposure. They could make out money on different angles or aspects on which we can tell that not everyone would really be able to reach out this kind of particular state for them to do so.  You would really be having those kind opportunity to make more money and this is something typical.
Speaking about on the situation that we are seeing on OP, Making out some small peanut bets and making yourself a millionaire? it is indeed possible with sports betting or even with those luck based ones but the thing suggest on which it would really be needing up that extreme luck of course.

[pawel7777]

You don't win if you don't try, this gambler for sure kept trying on playing "bet builder", probably even on "parlay", and finally one day he made himself a millionaire. This is a significant success already as not everyone can win a huge amount in gambling, considering the bet was only less than $20.

What can you say about this? Are you willing to risk your $18 to win $18k, or a million in PHP pesos?

When people say they want to be millionaires, they don't mean PHP millions. $18k is a nice win, but it's nowhere near a life-changing amount (even in poor countries).

Wins like that are actually not as rare as many could think. Plenty of people around the world make crazy bets with low stakes even just for fun. But no one in their right mind would risk any serious money on such bet, so this is hardly a proof of "making it" by sports betting.

[Hirose UK]

~snip~

The ability to analyze is very important in sports betting to be able to produce good predictions, even though they are not necessarily accurate and guaranteed to win, but at least if predictions are based on analysis then gamblers can increase their chances of winning.
But the ability to analyze also requires knowledge and experience, and even then the knowledge must also be really broad or you could say knowledge of all aspects of the type of sport that will be bet on.
Most gamblers, especially novice gamblers who want to bet on sports betting, usually just rely on Odds or also rely on their favorite favorite players or team.
And most betting options especially beginners are only about winning or they bet by selecting the superior team on winning.

Mindset, everything depends on the gambler own mindset, if they think about having fun with every bet then they will definitely have fun.
But if the mindset is wrong or is only about money, it is about making win, then loss or even win but in small amount cannot make them feel joy.
So far, the biggest mistake that always threatens gambler ruin is an inappropriate mindset.

Do you really believe that betting is all about the numbers, the research, and the team stats? Allow us to be honest. This isnt a stock market game; its about sports. A lot of bettors, especially new ones, are like kids in a candy store: they cant focus on anything but the odds or their favorite team. The catch is that they're not playing the game right. Its not about loving the "win" or breaking down every number.

Picture this: a gambler who knows just enough to be dangerous bets on a hunch instead of a chart. You can feel the excitement. In the end? Not expected. Thats what sports betting is all about: the thrill of the unknown, not making money. It should be about the ride, not just the end goal when you bet. Playing is not work. Be silly, deal with things as they come, and remember that the thrill of the bet is more important than the size of the win.

Of course I will believe in research, team statistics and knowledge because these are the basics that every gambler needs to have if they want to bet on sports and be able to make predictions that can really increase their chances of winning.
And I know there are always many bettors, even those who are new, but if you bet for a long time just about odds and your favorite team or player, it will not be able to minimize losses and increase your chances of winning.
In sports, winning is based on the ability or quality of the teams or players competing and if you only bet on odds and what is favored then defeat can be closer.
Sports betting has different way of working from casino games where the odds may depend on luck and also the game chosen so playing carelessly will also win if luck comes.
Look at the many novice gamblers who always fail in betting because they bet incorrectly, there are many betting options and if you only bet based on winnings you will lose more often.
There is draw in the match and when this happens what can they gain? only defeat to the favorite team.

It not just about winning but also about experience and knowledge.
Are you just going to enjoy it and accept all the losses?
I know sports betting is not just about the money but also about the thrill that can be gained but no gambler wants to experience losing continuously.
Gamblers who in sports betting do not care about experience and knowledge are just money machine for the house edge because every bet will only lose.

All gamblers must start learning that knowledge is very important and of course knowledge is not just for betting but can be shared with other people.
After all, truly great gambler is one who can minimize large losses, even if they don't often win, at least they bet based on knowledge not just about opportunities.

[angrybirdy]

Only a risk-taker could do that, someone who can afford it even if they lose, or at least has the courage to try betting that amount. And it seems the bettor really knows the game of basketball; he probably thought this through. If it were me, I probably wouldn't do it, knowing that there's no guarantee of winning. I can't imagine myself getting lucky, especially in sports betting. I would likely hesitate and regret it if I ended up losing. But it's also really nice to try something new from time to time.

Yes, only a risk taker can do that and those people who has a lot of money because they didn't even care if they will win or not. What"s important to them is to place a bet and let them see what happens. As you've said, gambling is about luck with a little bit of strategy and familiarization that's why there's a small possibility of winning but there's no 100% guarantee.

[Suzume]

It's not impossible to be an millionaire detective in sports betting. Sports betting is a game of experience and an experience gambler can play bet high amount. Because experience sometimes give surety to win. In those sure match's gambler place high amount bet and makes huge profit. That huge profit makes a gambler one day millionaire.

[Odusko]

What most of the people who are preaching that gambling/sports betting cant make you a million winning is based on the reality that many of those who are currently running into gambling are doing so because of a false mentality that they will become a millionaire in the fastest way, so seeing gambling as a get rich quick scheme is what most people are preaching against.
But that doesn't mean that, one can not hit a jackpot through gambling or win a million through sports bets, so for clarity's sake, the bet you shared is very possible and we have experienced such winnings before in our individual gambling life.

[Accardo]

Only a risk-taker could do that, someone who can afford it even if they lose, or at least has the courage to try betting that amount. And it seems the bettor really knows the game of basketball; he probably thought this through. If it were me, I probably wouldn't do it, knowing that there's no guarantee of winning. I can't imagine myself getting lucky, especially in sports betting. I would likely hesitate and regret it if I ended up losing. But it's also really nice to try something new from time to time.

Yes, only a risk taker can do that and those people who has a lot of money because they didn't even care if they will win or not. What"s important to them is to place a bet and let them see what happens. As you've said, gambling is about luck with a little bit of strategy and familiarization that's why there's a small possibility of winning but there's no 100% guarantee.

Before the publicity of Op's friend's winnings, he must have been through a series of losses. Then shows up his win after a big win. It's common for gamblers to share their big wins. However, gamblers take risks in games they're able to analyze. Can't predict correctly any basketball games, but would watch and enjoy the games. A lesser guarantee of winning is what brought him the wins despite numerous cases of losing money, which may not have been unveiled. Hence, it's to anybody's detriment to gamble because of the result of this gambler, they may not be able to go through the challenges of gambling in the early stage. Gambling and not minding the result is a good quality for responsible gamblers but with some criteria that may interest any gambler to practice; self-control, splitting bankrolls, and time limits. A gambler who focuses on having fun can easily wager money without minding his results, while a risk taker who doesn't follow the criteria listed above can experience a gambling problem.

Those criteria can serve as a gambling strategy and also require a bit of luck on the player's side. When in lose it's still okay to hold on before continuing to gamble again. It'll only help in stabilizing our gambling urge and also keep regrets at a minimal level. Regretting after losing in gambling is not wrong, but continuously doing it is quite not recommended for any gambler. Getting to a point where the gambler doesn't regret anymore could be possible and that's a well-known symptom of addiction. Since the gambler is required a long time of play, most the times, to gain a big win like Op's friend. If he doesn't control his emotions, he may not be able to get to that point, of winning big. When the player is prepared to try new things, especially, he's required to follow due routines and understand at first the new game, then keep to a low pace of consistent gambling in the game.

[pinggoki]

No one in their right mind has said that there's no way that someone can win in gambling, you're creating an enemy and an argument that doesn't exist. What they mean to say is that it's difficult to win in gambling so they just try to simplify it into something which unfortunately makes you and others who agree with your claim get the idea misunderstood. Also, that bet is a parlay and not everyone can get the right bets when you're parlaying because there are multiple conditions that you need to predict correctly.

[Silberman]

No one in their right mind has said that there's no way that someone can win in gambling, you're creating an enemy and an argument that doesn't exist. What they mean to say is that it's difficult to win in gambling so they just try to simplify it into something which unfortunately makes you and others who agree with your claim get the idea misunderstood. Also, that bet is a parlay and not everyone can get the right bets when you're parlaying because there are multiple conditions that you need to predict correctly.

Correct, after all regardless of how unlikely it is there is always someone out there which wins the lottery and earns millions of dollars by doing nothing, so it stands to reason the same can happen with sport betting as long as a person can hit a parlay with a high enough bet, however even for an expert sport bettor this is too hard, and a person should not depend on that kind of outcome, because even if they were certain to accomplish it they have no idea how long it could take them to actually do it.

[Oilacris]

No one in their right mind has said that there's no way that someone can win in gambling, you're creating an enemy and an argument that doesn't exist. What they mean to say is that it's difficult to win in gambling so they just try to simplify it into something which unfortunately makes you and others who agree with your claim get the idea misunderstood. Also, that bet is a parlay and not everyone can get the right bets when you're parlaying because there are multiple conditions that you need to predict correctly.

Correct, after all regardless of how unlikely it is there is always someone out there which wins the lottery and earns millions of dollars by doing nothing, so it stands to reason the same can happen with sport betting as long as a person can hit a parlay with a high enough bet, however even for an expert sport bettor this is too hard, and a person should not depend on that kind of outcome, because even if they were certain to accomplish it they have no idea how long it could take them to actually do it.

When we do speak about betting whether on sports or making those lotteries or even on casino games on which we know that there's always that jackpot thing. So the main thing that you would really be needing for you to be able to hit up those things is to have that extreme luck.  We do know that luck factor would be always that main thing in gambling but since we are talking about sports betting on here then it would really be just that fine that you would really be that able to say that analysis and knowledge will really be that relevant when making up some choices.
Somewhat its true that we could only barely to see these kind of hits on which a long parlay bet that not everyone could be able to pull it out easily.

[dothebeats]

Just going back to this thread again as this was brought up by a friend yesterday. This type of win doesn't usually happen, and you have to be extremely lucky to have all of your bets align and win. One bad leg and your bet is over. It's true that you can be a millionaire with bet builders and parlays, but how much money will you be able to burn before you get to that amount? It takes a lot of time, effort, money, and luck before you get substantial gains from sports betting, that the same effort you spent working yields more consistent results.

[Iroh]

I don't believe win slips I see on social media, if the wins are big numbers my doubt increases. Most individuals that win from betting love to stay private so they can enjoy their money and not be disturbed by family members and close relatives for their share of the money won. Also for security they won't come out of the open to announce their victory therefore all those bet slips we see on social media are always altered to attracting gamblers.

I sometimes think along the same lines as you do. Sometimes, I’m skeptical of the outcomes of some bet slips showing big wins I come across on social media.
It’s possible that a lot of these are fakes just chasing clout and trying to get some attention online of being a successful person that plays and wins big. In a lot of cases, these big wins are consistent too that I had thoughts of all that being some sort of scam thats out to get gamblers to part with their money.
A whole bunch of scams and fakes are out there online. Getting harder to differentiate made up stores from the real ones.

[Onyeeze]

One about betting is that betting is one of the things that make a way for someone that lacks hope again and also fade up for employment opportunities, but sometimes gambling or betting in rise someone that doesn't have hope again, so I believe that what we need to understand concerning gambling and concerning betting is luck, some can use it's last ten dollars to gamble and luckily the gambles turns out millions, so what ever that is happening with gambling is grace and opportunities, when you have the luck gambling can turn hopeless human being to millionaire and billionaire depends your luck in gambling

[boyptc]

That's a huge leap of faith with his sportsbetting skills. I'm willing to take risk with small amounts when the potential reward is high.

There's no problem with that but this requires so much luck that I think won't happen to me in my life time. Whoever is the one that shared that winnings, he's proud for sure.

But I hope that he'll take care of that money very well and won't let it back to the bookie so spend that money wisely.

[pawel7777]

That's a huge leap of faith with his sportsbetting skills. I'm willing to take risk with small amounts when the potential reward is high.

There's no problem with that but this requires so much luck that I think won't happen to me in my life time. Whoever is the one that shared that winnings, he's proud for sure.

But I hope that he'll take care of that money very well and won't let it back to the bookie so spend that money wisely.

According to OP, the stake was an equivalent of only $18, that's not a massive amount of money even in the Philippines, and pretty much any working person could afford it say once a month.
The winnings are also not life-changing (meaning he could not retire with that amount alone), so there's nothing wrong in putting some of it back and hoping for even bigger win. Especially if we consider that the guy was pretty skilled in analysing odds rather than relying on a pure luck.

[EluguHcman]

What can you say about this? Are you willing to risk your $18 to win $18k, or a million in PHP pesos?

I am always responsible for my gambling emotions and don't get moved or enticed by the interesting and appreciative games played so, I can't risk my $18 on such instead I would rather make stakes according to my gambling budgets and of course stake according to my faith.