Are there long-term profitable sports bettors?

[AmoreJaz]

There are certain long-term profitable sports bettors who have achieved success by disciplines, techniques, and of course, efficient bankroll management, even though a majority of bettors may not be continuously profitable.  Of course, there are many more obstacles in your way if you want to succeed in achieving your goal. In order to be successful when you bet, you should become familiar with each player and the flow of the game, keeping in mind that sports betting is unexpected and that there are certain doubtful games where the games you are betting on are being cheated.

It's likely that the bookies will place restrictions on your winnings, particularly if you win big amounts of money on a regular basis. This could be done to protect their profits.  

quick search for these popular sportsbettors that are already rich or at some point in their lives earned huge sum of money owed to sportsbetting will give you some popular names:
https://oddsmatrix.com/top-sports-bettors/?gad_source=1
- Parlay Patz > developed a moneyline parlay strategy
- Billy Walters > implemented Walter's computer modelling
- Tony Bloom > known as “The Lizzard” due to his cold-blooded approach to betting
- Steve Fezzik > “The best NFL sports betting tournament player in the world”
- So Money / Sonny Banks > has Twitter which gathers over 24,000 followers interested in his views and picks
- Bill Benter > known for “deep state” handicapping
- Zeljko Ranogajec > known for his horse-betting activities
- Marco D'Angelo > betting style is based on a percentage system
- Gadoon "Spanky" Kyrollos > use calculations and formulas to ensure his bets are sound
- Teddy "Covers" Sevransky > strategy involves identifying what he calls “morphing teams”
- Charles Barkley > known for limiting his wagers
- Haralabos "Bob" Voulgaris > betting in basketball and poker
- Jimmy Snyder > had been the host of “The NFL Today,” CBS’ Sunday morning show, bringing betting tips to live TV

Celebrity Sportsbettors
- Floyd Mayweather > betting on everything from college basketball to the NBA, the NFL, and boxing
- Michael Jordan
- Ashton Kutcher > bets mainly on college football and focuses on the games where he has all the data necessary to win
- 50 Cent > putting his money into boxing and American football
- Pete Rose > bet daily on football
- Charlie Sheen
- Wayne Rooney
- Brian "Birdman" Williams
- Charles Barkley

though we don't know if some of them become rich owed to sportsbetting, but they are popular names who are known to be sportsbettors and are rich on their own accord. some also gained their fortune from years of sports betting spanning decades of this activity.

i can add Drake on this list, as he is a known stake ambassador as well as a high roller betting huge amount of money, posting bets on his social media platform instagram

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[lombok]

This seems more reasonable. And maybe I've had it, when a player is complacent and I feel that myself, I place bets only based on the odds displayed on the gambling site without looking at and analyzing the soccer team, even though there are some who lose, there are also those who win. However, if this is a matter of luck and in addition, this is just a guess in a football game, it is normal if the results do not match predictions, because on the field anything can happen.

Betting blindly using odds as reference is just missing the point of playing on the sportsbook. Just simply place bet on dice game and set odds to your desired amount instead of having trouble on betting to sportsbook that has a much higher house edge if you will just bet based on odds.

If you will just rely on your luck then make sure to do it on low house edge games that will give extra boost on your winning chance rate. 

Jahaha you are totally right. Wherever it is, if we walk blindly there will only be losses. Yes, this is an important lesson for me who often gambles on sports, especially football. After I experienced something ridiculous like that for a relatively long period of time, I changed my way of placing bets a little, looking for a little information and analysis of players as well as strategies for each club and player performance. This helps a little in my way of looking at odds and placing bets.

[DaNNy001]

I wanted to open a new discussion on this issue. I recently watched a video about gamblers. There was a presenter who helps gambling addicts get out of the dark streak in their lives. He worked in the bookmaking business for many years. He believes that there are no long-term profitable players in sports betting. This is impossible by definition. If you start to win often, the bookmaker company begins to cut your odds, either reduce your winnings or block your accounts. It's as if the bookmaker is telling you, "You're not here to get rich." The presenter claims that he does not know any profitable players over a period of several years. There are rumors that such players allegedly exist. But where are they and who saw them? What do you think? Are there profitable players in sports betting?

Very true mate, that's on the aspect of the bookmakers trying to block your account if the winnings are too much and I say this because of an experience a friend of mine actually had on a particular local sportbet site. He found an interesting way to actually win on only this particular site and it was as if their system actually had some glitches because it was on a particular odd he kept following up although the odd isn't always found but whenever he see it he always play it with lots of cash atleast that's from what he told me but the real talk is that he won so big and frequently that the casino had to block his account for no reason reason claiming that he does cheat in his account to get those winnings which made me wonder how true is this because I now came to understand that the casino actually wants gamblers to actually lose on a steady.

[BITCOIN4X]

~Snip

Jahaha you are totally right. Wherever it is, if we walk blindly there will only be losses. Yes, this is an important lesson for me who often gambles on sports, especially football. After I experienced something ridiculous like that for a relatively long period of time, I changed my way of placing bets a little, looking for a little information and analysis of players as well as strategies for each club and player performance. This helps a little in my way of looking at odds and placing bets.

Spearing in the dark is the best way to lose money on sports betting. I mean, betting without you analyzing it is just absolute luck. Some gamblers have low odds with a large number of matches on parlay bets, which allows them to win large bets without caring about potential losses. They hope for luck, not victory.

I've definitely seen that kind of thing done by my colleagues who are famous for sports betting. He doesn't care at all which team is playing the match, he only cares about the odds and the probability of winning the parlay. He picks 13 to 15 games to parlay, which is crazy in my opinion.

[sana54210]

If you start to win often, the bookmaker company begins to cut your odds, either reduce your winnings or block your accounts. It's as if the bookmaker is telling you, "You're not here to get rich." The presenter claims that he does not know any profitable players over a period of several years. There are rumors that such players allegedly exist. But where are they and who saw them? What do you think? Are there profitable players in sports betting?

Because sports betting is unlike normal gambling, that means we are going to see some people be able to do this. I am not saying that it's easy to do or anything like that, but I can say that it is not going to be that tough to handle this at all. It just means that you are going to have to work really hard and be also a bit lucky as well.

Even the ones that make money on the long term end up doing that very rarely because they do end up losing as well, so it is not really that common for a person to be staying at long term profit. I have seen plenty of people who bet on things that would be unlikely to hit, with a decent chunk, like thousands of dollars and they win sometimes, so that makes it worth for all the times they lost.

[Julien_Olynpic]

I know some of these names. They are described in Nate Silver's book. (Haralabos "Bob" Voulgaris). Well, perhaps they really are. But these are just a few dozen people in a million-dollar industry. Some of these names were likely either rich before betting, or betting was not a key factor in their wealth. When it comes to famous people who became famous not because of bets, then this is obvious to me.
     This is what is interesting to me. If at least some of these people got rich from sports betting and they earned significant sums, then it turns out that the successful players took this money away from the bookmaker companies? And here is a very important question: how did bookmaker companies allow players to take away their money? After all, it is well known that these companies have excellent risk management. And they have many tools to limit the player's profits. Up to account blocking.
     Or maybe these bookmakers are so rich that they can afford to lose millions?

[crwth]

That's when you are actually IRL right? I don't think that it will affect the online players with the odds unless they do it per account right? It's going to be a weird thing to do if you see the odds given to different accounts be different.

Maybe gambling is mostly for that one-time big time payouts.

[EarnOnVictor]

I wanted to open a new discussion on this issue. I recently watched a video about gamblers. There was a presenter who helps gambling addicts get out of the dark streak in their lives. He worked in the bookmaking business for many years. He believes that there are no long-term profitable players in sports betting. This is impossible by definition. If you start to win often, the bookmaker company begins to cut your odds, either reduce your winnings or block your accounts. It's as if the bookmaker is telling you, "You're not here to get rich." The presenter claims that he does not know any profitable players over a period of several years. There are rumors that such players allegedly exist. But where are they and who saw them? What do you think? Are there profitable players in sports betting?

I say a capital YES to this and I am a typical example of it. If it is a casino, I would say I don't know, but for sports betting, this is very possible, only that most people are not good in some kind of proper betting style and they do not manage their betting and the account properly. Taking too much risk while betting is one of the reasons why bettors lose easily, they will try so hard but will continue to lose due to greed and lack of good plan. If you are betting on sports, there are some games you don't think of betting on, once the risk is too high, you do not waste your money on them unless you prepared to waste money or use a very small amount of money to try your luck.

My style is to be betting on straight winnings that are independent of each other. I might bet 5 games but they will be independent of each other. So that if one loses, it won't affect the others. Even if some would be dependent on each other, I make sure that it is either 2 games or 3 at most so that I will not painfully lose these games. The money to earn through this approach is not as high as the money people expect from the ones that are dependent of each other. But I can assure you that you win more regularly than them even if they are better forecaster than you, while most of them might not have a single winning for months.

I think you are the only one in this thread who explicitly claims that he has been a profitable player for several years. The rest of the users just write uncleaned things. There are probably profitable long-term players, but I do not know them. Could you share some statistics about your winnings? How much do your winnings exceed your losses? During what period do you make a profit? Does your profit allow you to give up employment and live as if you were living as an employee?
Excuse me for my curiosity, it's just that such people are probably a big anomaly.
And another thing: I would like to ask users in this topic to name specific names, and not just "maybe they are, but I do not know them." There are profitable long-term games in poker. There you can name specific names.

It is a free world bro, that is why I do not like to be elaborating on some things so that people will not be seeing them as if they are too good to be true. This goes for my trading activities as well so that it will not be some kind of showoff. Well, I only try my best, it can't be easy and it is not all the time that success is being made. What is there is that I just try to discover my strength and weakness in gambling and I play safe as I bet. For example, casinos part of gambling has never been a winning avenue for me, I lose most times, and at time, it would be losses and winning to the extent that I would not have a distinct winning over a long period of time or even lose and redeposit the account. Only that I ensure that I do not deposit much into my casinos account because I know that I might only lose it. For this same reason, I bet with a small amount and I catch my fun most times, so I regard my casinos as a weakness and I try as much as possible to play smart and be careful with it.

But for sports betting, I see it as the fairest betting means that not even the house can manipulate (at least the ones I play), so I often give it a better shot and use a good amount to bet it. But still, I do not bet anyhow, I carefully select my bettings. The odds of 1.5 and above are good, but the highest I go for is less than 3 to avoid betting on the wrong side. I also bet only straight winning and if there are 100 games that I could bet in a day, I might only go for just 3. They would however be the carefully selected ones, not that I will just jump into it. All these are not even the strength of my betting idea, but the independent betting of my games, and I make sure that I only bet on straight winning, not the other ways that people will be betting on difficult conditions with disregard for the risks. By this, I can still be proud of 75% winning in average.

[ethereumhunter]

People who succeed in winning a lot of money from gambling can indeed get it, but the amount is not as much as people who lose. Even though they win a lot of money, they will not gamble at one casino too often. But they will go to other casinos to gamble. So when they win at one casino, they will not gamble for a while and return to gambling but not at the previous casino. They will gamble at other casinos, and they may not be able to win because this is gambling, and they will not always be able to win.

Having players win a lot of money at a certain casino will make other gamblers come to that casino because they think they can also get big wins. That has entered their subconscious and that is what makes them gamble at the casino because they want to be the next winner at the casino. But that won't always happen and when gamblers are emotionally triggered because they haven't won, they will continue to use their money to gamble because they still can't win a lot of money. And that will benefit the casino because there will be more gamblers like that.

[Hirose UK]

Usually bookies will fool gamblers by giving unreasonable odds and this is very effective in making gamblers make mistakes when choosing the team or player to bet on.

This seems more reasonable. And maybe I've had it, when a player is complacent and I feel that myself, I place bets only based on the odds displayed on the gambling site without looking at and analyzing the soccer team, even though there are some who lose, there are also those who win. However, if this is a matter of luck and in addition, this is just a guess in a football game, it is normal if the results do not match predictions, because on the field anything can happen.

In reality, there are many gamblers who bet only based on the odds given by the bookie, especially beginners who often make this mistake.
They think that the favorite team is always at the top with very big chance of winning and the key to their betting is that the favorite team is always at low odd and they continue to bet in this way for the long term, but all they get is defeat.
There are lots of matches that will pit superior teams against weaker teams and of course this will entice bettors to be able to risk their money by choosing the superior team, but they forget that in football matches there will be many surprises.
Moreover, predicting does not only mean predicting each team and getting what to bet on, but also predicting the risks and what betting options are truly appropriate to use.
Those novice gamblers always make mistakes and don't want to learn, they just make every bet carelessly and without any basic experience or knowledge because sports betting is not completely like casino games which only rely on luck so they can just guess and bet.

You have to learn from this experience and you have to increase your information and knowledge if you want to be able to bet well.

[Gozie51]

A gambler wins once in a while in his life time but whether it is consistent is debatable. Just very few people have that consistency and probably in a month time not daily. We need to know it that it is difficult to keep a consistent winning streak but from time some fair winners get to hit the jackpot to pick up the money lost by losing gamblers. Casinos make more profit than the gamblers who patronize them and that is why we are having more casinos opening up.

[Julien_Olynpic]

I wanted to open a new discussion on this issue. I recently watched a video about gamblers. There was a presenter who helps gambling addicts get out of the dark streak in their lives. He worked in the bookmaking business for many years. He believes that there are no long-term profitable players in sports betting. This is impossible by definition. If you start to win often, the bookmaker company begins to cut your odds, either reduce your winnings or block your accounts. It's as if the bookmaker is telling you, "You're not here to get rich." The presenter claims that he does not know any profitable players over a period of several years. There are rumors that such players allegedly exist. But where are they and who saw them? What do you think? Are there profitable players in sports betting?

I say a capital YES to this and I am a typical example of it. If it is a casino, I would say I don't know, but for sports betting, this is very possible, only that most people are not good in some kind of proper betting style and they do not manage their betting and the account properly. Taking too much risk while betting is one of the reasons why bettors lose easily, they will try so hard but will continue to lose due to greed and lack of good plan. If you are betting on sports, there are some games you don't think of betting on, once the risk is too high, you do not waste your money on them unless you prepared to waste money or use a very small amount of money to try your luck.

My style is to be betting on straight winnings that are independent of each other. I might bet 5 games but they will be independent of each other. So that if one loses, it won't affect the others. Even if some would be dependent on each other, I make sure that it is either 2 games or 3 at most so that I will not painfully lose these games. The money to earn through this approach is not as high as the money people expect from the ones that are dependent of each other. But I can assure you that you win more regularly than them even if they are better forecaster than you, while most of them might not have a single winning for months.

I think you are the only one in this thread who explicitly claims that he has been a profitable player for several years. The rest of the users just write uncleaned things. There are probably profitable long-term players, but I do not know them. Could you share some statistics about your winnings? How much do your winnings exceed your losses? During what period do you make a profit? Does your profit allow you to give up employment and live as if you were living as an employee?
Excuse me for my curiosity, it's just that such people are probably a big anomaly.
And another thing: I would like to ask users in this topic to name specific names, and not just "maybe they are, but I do not know them." There are profitable long-term games in poker. There you can name specific names.

It is a free world bro, that is why I do not like to be elaborating on some things so that people will not be seeing them as if they are too good to be true. This goes for my trading activities as well so that it will not be some kind of showoff. Well, I only try my best, it can't be easy and it is not all the time that success is being made. What is there is that I just try to discover my strength and weakness in gambling and I play safe as I bet. For example, casinos part of gambling has never been a winning avenue for me, I lose most times, and at time, it would be losses and winning to the extent that I would not have a distinct winning over a long period of time or even lose and redeposit the account. Only that I ensure that I do not deposit much into my casinos account because I know that I might only lose it. For this same reason, I bet with a small amount and I catch my fun most times, so I regard my casinos as a weakness and I try as much as possible to play smart and be careful with it.

But for sports betting, I see it as the fairest betting means that not even the house can manipulate (at least the ones I play), so I often give it a better shot and use a good amount to bet it. But still, I do not bet anyhow, I carefully select my bettings. The odds of 1.5 and above are good, but the highest I go for is less than 3 to avoid betting on the wrong side. I also bet only straight winning and if there are 100 games that I could bet in a day, I might only go for just 3. They would however be the carefully selected ones, not that I will just jump into it. All these are not even the strength of my betting idea, but the independent betting of my games, and I make sure that I only bet on straight winning, not the other ways that people will be betting on difficult conditions with disregard for the risks. By this, I can still be proud of 75% winning in average.

Thanks for the answer, these are really good elements of the strategy. In general, this is similar to what I use in trading. I myself am far from betting, the topic is new to me. I'd like to try it, but only for research interest. I would say that there are general laws for all games in order not to lose money. Many of these rules are quite banal and I am surprised that some players do not apply them.
Here are just a few of these simple rules:
- Do not play with your entire capital, but only with a small amount. This way you will ensure that your capital will live for a long time.
- Always withdraw part of your profits.
- Increase your chances of winning in every way.
If you have the opportunity, insure yourself against failure. In trading, this can be done by diversifying into opposite assets or options... perhaps someone can tell you how this can be done in sports betting.
- Conduct thorough match research.
      I think everyone can add something.

[maydna]

~snip~

Usually bookies will fool gamblers by giving unreasonable odds and this is very effective in making gamblers make mistakes when choosing the team or player to bet on.
So far there are no various ways that gamblers can actually make bookies suffer massive losses unless there is luck factor that is on the gamblers side, there are also some things that are quite annoying, namely placing limits on gamblers who often win the bet.
Isn't this very unfortunate thing because bookmakers always use various methods to prevent gamblers from winning, but even so, I still believe that big bookmakers will never disappoint gamblers, especially loyal customers.

But you are right that no one will admit that they have carried out various betting activities that are often carried out, what more, for win they will always hide every win they get, apart from avoiding requests for tips and also to avoid bad things such as blackmail or robbery.
Moreover, there are many smart people like hackers who can break into the private wallets that we use.

It is difficult for gamblers to cause losses to the bookie because the bookie owns the business. Gamblers can only try to win by using their analysis to choose teams or players who can win. The problem is that gamblers try to win, so they become greedy, bet beyond their limits, and do not pay attention to their self-control. And if we talk about bettors who can get profits in the long term, it exists, but unfortunately, we will never know how many bettors can get it or which bettors can. And if the bookie limits gamblers who often win, that is normal because the bookie doesn't want to lose in too many games, even if it doesn't make the bookie completely bankrupt.

Winners will mostly hide their winnings from the public and will not share them with many people unless they are people close to the winning gambler. They must be able to protect their privacy from bad people who would do evil to them. They also have to avoid having their wallets or accounts hacked by hackers, so it would be better if they kept themselves hidden from the public.

[Natsuu]

A gambler wins once in a while in his life time but whether it is consistent is debatable. Just very few people have that consistency and probably in a month time not daily. We need to know it that it is difficult to keep a consistent winning streak but from time some fair winners get to hit the jackpot to pick up the money lost by losing gamblers. Casinos make more profit than the gamblers who patronize them and that is why we are having more casinos opening up.

Yeah. Gambling is a bit like every chaos because some folks get lucky here and there, but scoring wins all the time is pretty tough. Casinos make bank because, overall, the odds are in their favor. Even if a few players hit the jackpot now and then, most end up losing. That's how casinos keep raking in profits and why there are more of them popping up. It's kind of a game where the house usually comes out on top.

[danherbias07]

A gambler wins once in a while in his life time but whether it is consistent is debatable. Just very few people have that consistency and probably in a month time not daily. We need to know it that it is difficult to keep a consistent winning streak but from time some fair winners get to hit the jackpot to pick up the money lost by losing gamblers. Casinos make more profit than the gamblers who patronize them and that is why we are having more casinos opening up.

Yeah. Gambling is a bit like every chaos because some folks get lucky here and there, but scoring wins all the time is pretty tough. Casinos make bank because, overall, the odds are in their favor. Even if a few players hit the jackpot now and then, most end up losing. That's how casinos keep raking in profits and why there are more of them popping up. It's kind of a game where the house usually comes out on top.

That's for casino games and not sports betting.
In sports betting, you can somehow increase the chance of winning through analysis. Well, as long as you know the game you are playing with. Some are trying to just guess the winners or will only follow the favorites but for me, that is entirely wrong. If one person wants to be a successful sports gambler then he will need to have deep knowledge about the game that he will be for. Blind guessing won't take us anywhere especially if we aiming for long-term profits.
I have seen members in this community that have a high percentage of winning although they are rare to share their bets. But at least they have done their jobs to first do the research to increase their chance of hitting the bet they made.
I know sometimes we are lazy to do that because I have been there, but we must make effort to read what the possible results are so that we won't regret it later.

[bitvalak]

It's clear there are definitely players like that, even though there aren't many. Many factors influence it, especially if he has a close relationship with the dealer.
We cannot deny this because he will definitely bet consistently to win. A small player like me will definitely find it difficult to do that.
If you are an outsider, it will seem impossible to win the match. But the chance of winning in the long term will always be there, even if the percentage is only small.

[Westinhome]

Jahaha you are totally right. Wherever it is, if we walk blindly there will only be losses. Yes, this is an important lesson for me who often gambles on sports, especially football. After I experienced something ridiculous like that for a relatively long period of time, I changed my way of placing bets a little, looking for a little information and analysis of players as well as strategies for each club and player performance. This helps a little in my way of looking at odds and placing bets.

The sports betting was not the predictable one,because the game of the individual player will change daily based on their physical health.The sports betting people mostly use the less money for the betting,because the sports betting site allow the player to start with the less amount.The gambling site rank up also based on the sports bet wager x3 for the sports betting and the casino with the x1 wager to their rank.So the many gamblers use their game in the sports betting ,but the game in the gambling based on the luck as compared to the skill.Because the skill should be change many times in the casino game by the gamblers.

[Oilacris]

Jahaha you are totally right. Wherever it is, if we walk blindly there will only be losses. Yes, this is an important lesson for me who often gambles on sports, especially football. After I experienced something ridiculous like that for a relatively long period of time, I changed my way of placing bets a little, looking for a little information and analysis of players as well as strategies for each club and player performance. This helps a little in my way of looking at odds and placing bets.

The sports betting was not the predictable one,because the game of the individual player will change daily based on their physical health.The sports betting people mostly use the less money for the betting,because the sports betting site allow the player to start with the less amount.The gambling site rank up also based on the sports bet wager x3 for the sports betting and the casino with the x1 wager to their rank.So the many gamblers use their game in the sports betting ,but the game in the gambling based on the luck as compared to the skill.Because the skill should be change many times in the casino game by the gamblers.

Even if you do stick yourself into those favorites most of the time, it wont really be giving out that assurance that you could really be that profitable because of several factors on which it could really affect
those outcome basing up into the things that will really be that resulting into different result on which we know that upsets could really happen. Long term profitable bettors?
For sure there is, it is really just that they are lowkey and wont really be boasting up themselves into the public. Usually these are  the people who do easily or commonly
be kicked out by bookies on the time that they do make out those good winning rate. They dont really like those people.

[Julien_Olynpic]

It's clear there are definitely players like that, even though there aren't many. Many factors influence it, especially if he has a close relationship with the dealer.
We cannot deny this because he will definitely bet consistently to win. A small player like me will definitely find it difficult to do that.
If you are an outsider, it will seem impossible to win the match. But the chance of winning in the long term will always be there, even if the percentage is only small.

This is what I'm talking about. Profitable long-term players exist and among them there are even many little-known players, not just famous ones. But I think that sports betting is still one of the most difficult types of earnings. If we compare this with trading, then I believe that in trading the percentage of profitable players is much higher. Even if we take intraday trading and even scalping, then even there there are 3-5% successful players in the long term. And in sports betting... I got the feeling that there are no more than 1% of them.