Being a professional gambler

I'm not sure if anybody on this site can actually provide proof for my questions but I figured I'd raise some points that I think many people think about when considering betting sports for serious money (having a bankroll of near 100,000). Particularly if you started taking 40 or 50 or even 100 G's a year from them. I'm talking serious, steady professionals here. Are there such players? It seems like it is feasible to reach that point just from perusing what appear to be more legitimate professional services who don't come across as touts and actually back up their claims.

First off, while I realize theoretically most reputable, online books with big action (Pinnacle, Wsex to name a couple) would not care whether a small collection is winning at the expense of a large number (since they collect the VIG if the action is balanced), I have my doubts that: a) they would pay you back your bankroll and b) would allow you to keep taking 40 or 50 G's from them every year.

I realize many of the high-end ones are required to have a license but, seriously, what sort of legal action can you take if they do A and/or B from above?

Much of this thought has occasionally popped into my mind over the years of being a smaller gambler (Bankroll of <10 G's) but was made more glaring when I started reading the book the Smart Money where this guy discusses his constant issues - similar to the ones named above - with online books (WSEX among a bunch were named).

Any insight into this would be appreciated. If sports betting is viable even as a part-time "job" once you become confident and refined with your skills, is it really feasible with the way online books are set up today? If I could manage to become a bigger time player, I just don't get a warm, fuzzy feeling knowing I'm about to withdraw that much money every year.

Any insight, experience, speculation would be great.

I don't get this warm, fuzzy feeling for many reasons. Including the fact that these books offer online casinos where they rip you off with basically rigged versions of games! Honestly, maybe it's just bookmakers in general that gets me nervous, maybe it's the fact that I am sending my money halfway around the world to someone I don't know, I don't trust and have no assurance of any sort of protection.

Um, then don't

 

YOU HAVE TO CHOOSE THE RIGHT ONES TO DEAL WITH..........

Use matchbook and you will never have to worry about whether they will let you win a big amount year after year or not. Matchbook takes 2% of the winning side so the more you win the more commission they receive

Don't use Hollywood sports book.  Unless you are looking for
a real bad experience.  They give a big bonus and have "easy
credit card deposits".  The catch is they don't pay.

Vanzack, is there a point where they would blink? At what level of winning do you surmise a book would give someone the boot for winning if at all? I'm just trying to get a feel for what pros would go through. Likely pros would pull well more than 40 or 50gs but just am curious if books, even as big as the ones I mentioned, can be trusted when someone is consistently winning a ton of money?

I have never heard a verified story of anyone being limited or cut out of:  Cris/Bookmaker, Greek, WSEX, Pinnacle - and certainly Matchbook.

I have had 6 figure balances at all of those books and have never worried, and I know others too.

There have been some stories lately about Pinnacle limiting some guys who hit NCAAB totals and other things - but I dont personally know about them other than people making claims.

I dont think there has ever been a single report of any of those listed books EVER stiffing anyone.

One thing you should know - no matter how big you think you are - there are tons of guys bigger.  I realize its hard to believe.... but pinnacle has 50k limits on NFL games for a reason.  People actually bet that much.  Now if pinny is going to take 50K at a time on an NFL game, how much is that guy going to win or lose in a year?

Also, matchbook will never ever ever under any circumstances kick you out for winning, and it is the lowest juice out there.

how can you possibly be that stupid?

Vanzack, Bookmaker cut my betting limit from $5000 to $300 in horses so they will limit you, depending upon on what you wager on.  I was told by a former employee that if you stick to sides and totals where you lay -110 then you will never be limited.

Get the managers of any of those books on the phone and ask them if they want to set up an account for Billy Walters

Hey Vegas, did you know Billy Walters?  What was the story
about the roulette wheel?

You think the avg everyday handicapper wins 53%?  Eh, no.  If done correctly, 53-54% can be very world-class.  Don't forget the juice aspect.  53% at -110 is barely profitable, but it is profitable.  53% at -105 is extremely profitable.

did?  dude he aint dead,  and that story is in a book called Beating the Wheel.  And for all those with blind faith in books and casino's  he won over a million playing roulette in atlantic city and the casino stiffed him.