Can you become a Millionaire by Sports betting?

Yes--bet 550,000 straight bet and win moronic question

@knockon

I don't want to say anything about your puffery in your post but if you and your "wife" are flying out to Las Vegas in Nevada in the United States to bet MORE $ on Trump to further build your bankroll by loading up on "bet" on Trump,you are simply a liar and and a blowhard.You do not have any bet on Trump,you can not load any more $ on Trump,and if Wife isn't the name of your dog I doubt if she exists.

No one can bet on any US election in the state of Nevada unless he is betting Offshore.

Real bettors are discussing real matters...don't interrupt

I managed to achieve this and just wrote a book about how I did it which is now available on Amazon.com. But I started in 1999, and things were much easier then, as many sportsbooks were poorly run and opportunities were aplenty. It is more difficult now, but it can be done provided you have the knack for identifying +EV opportunities and the bankroll to take advantage of them. 

Logan Fields "20/20 Sports Betting: Think Like a Pro" 

Yes, if you had bet $1,000,000 on every Floyd Mayweather fight when he had -1000 lines that never lost.

ez peasy baby....become a Bookie!

There’s no need to make a million. Make $50,000, then buy some good real estate or Tesla stock. 

I remember reading Larry Grossman's book ''You Can Bet On It'' many years ago and in it he had a chapter about how much it would take to win a $100,000 a year 

It was based on a set number of plays this case a 100, your bet size ranging from 110 to 550 and your winning percentage 

a quick example based on the chart (let's aim for a modest half mil)

A $550 bettor who bets 100 bets a week (I know a lot but just an example)and who is somehow able to hit 60%  would make $8000 a week and a paltry $400,000 over a 50 week period (let's say you take 2 weeks off  ) 

here's a link to the chart from google books 

You Can Bet On It - Google Books

Martingale. gotta win at some point

I'm livin your dream..67 acres bordering the Pike National Forest...Its like I own a hundred square miles

@ActionMagnet

 I was a top 0.1% poker pro before Black Friday hit and 95% of the players weren't good enough to beat the spread and the remaining 5% most had other leaks and blew their profits. We spent years collecting data and learning how to win at sportsbetting and built Moneyballerz.com Most don't want to do the work and give up their profits on a hunch or gut feeling instead of sticking to data driven picks. Gl

From my personal experience, I can prove that it is possible to earn a lot of money as a professional better but you need to spend as much time for this as for daily work and it is much riskier than work. I'm betting for almost 6 years and I thought I'm in a huge plus and recently I checked out my data and recognized that my profit from winning is hilarious. For 6 years I earned 1k dollars :D Thank God I didn't lose anything but that's not a sum you should earn for 6 years. The reason of such feeling is that emotion from winning much more brighter and keep in mind more than emotions while losing.

You probably need a system 

"You probably need a system."

I had a saying at my casino, "Blessed are the system guys, for they know how to beat us."

I'm not saying no system works, just saying that most guys who come up with them lose.

A lot of back and forth in this thread, I'll add what I know.

Can it be done? Yes.

Is it likely? No.

Some posters here talk in absolutes, but it's variable - what works for one may not work for another. But the relevant point is it doesn't work for most.

I didn't keep a tally of other hotels, but I can speak from experience from ten years at mine, one of the most popular books on the strip. Year after year new faces would show up, former tourists turned locals. I can't think of one of them who lasted more than six months, most were gone in about three.

Again, I'm not saying it's impossible, I know a few who do it. But along with discussing the odds on what win % is required to maintain a profit some consideration should be given to the odds of making a living betting sports before you pack up and relocate to Vegas (or any other place gambling is legalized now.)

As mentioned, a sufficient bankroll that will allow you to ride out the variances is necessary, combined with the discipline to not vary your wager size. The downfall of many comes when they increase their standard unit size thinking they have a "best bet." Or, worse, when they are chasing losses.

The other downfall that I witnessed is forcing bets out of necessity, rather than patiently choosing spots where they had an advantage. But rent is due, they need money, so they force their bets. And the downward spiral begins.

It was tragic to see, people betting thousands per game, then hundreds, then reduced to asking for dinner comps because they're going broke, then disappearing never to be seen again. It grates on you after a while, and was one of the reasons I left when a new opportunity presented itself (everyone thinks running a book is great, and it is in many ways. I enjoyed it, but it's like if you love to fish, and buy a charter boat, what ends up happening is you lose one of life's pleasure because it becomes a job. After a while, I wanted Sunday's off, to go back to sending a quiet day lounging around on the couch watching games, or with buddies at the Meadowlands, rather than dealing with employees, customers, drunks, and bettors who don't understand that you can't change your wager if the line moves and you now want the better number.)

Last note, as Mr. Vanzack advised - if you think lines are made to trap you, don't attempt sports betting as a living. Bet as a hobby (and wager only small dollar amounts.) I can't count the number of games I made odds on, we were not a hub that got its lines from a central location, or a place that just copied lines off of LVSC or DB. We made our own numbers, games and props. In all of the years of meetings where we presented our numbers and then argued about which to put up on the board, not ONCE was the word "trap" ever spoken, never was the concept of trapping the public part of the discussion.

It's always about getting equal action.

There are a lot of ex-oddsmakers in Vegas who took positions on games and gambled with house money.

That's why they're ex-oddsamakers.

If anyone reading through this thread is considering making the leap to full time betting - good luck. I hope it works out for you.

Just be sure to have a Plan B.

Sports betting is too unpredictable IMHO. Making money playing card games is much easier. You just have to know exactly what you are doing. It took me a couple of months to learn all the tricks and tactics before I started winning more than losing. It’s also important to choose a fair and reliable online casino where you can cash out real money. Best of luck!

You can become a millionaire

but you need 2 million to start with.

How do.make a small fortune gambling 

Start with a large fortune and watch it diminish...

Sorry that is the reality of most gamblers.

To be successful you have to independently determine the lines. If you saw the lines what the are and how those are configured their is a niche

That puts so much more money the fans on one side or the other the accurate line becomes askew.

By maybe a couple of points and bet accordingly

100 percent no not happening. But it gives and edge and to be profitable you must achieve a 56% long term win rate. 

 If the askew is so far out of each them you have to research why are these extra bets being placed outside usual is their are star player down has one returned... these outside factors are in play. 

These I usually pass. Do to time considerstions.

If taking 3 hours to cap a game think that you need to materialise 60 gain in the action to cover the time... you could of been doing something else.

Finally your roll isn't yours it the cash flow needed in the business you are engaged with. At some point you must make money to support your life outside what you materialized gaming...

Best of luck. It is possible just not favorable.

@VeritasAlways

 Plan B would be “system B” 

Ginx - funny, and true.

You're right, for many, they move on to the next system. But some can't - I'll tell you one of Vegas' dirty little secrets.

I'm outside the casino/hotel, heading to my office one morning around 6 am. I see a bunch of our security guys standing around a large sheet on the ground with what was obviously a body underneath it. I walked past, thinking robbery-gone-wrong shooting victim or something like that. I didn't say anything. Later, I asked one of them about it. He said, "Jumper," and explained it to me.

On Friday, a guy sneaks the kid's college fund out of the bank, or "borrows" corporate money, and flies to Vegas for the weekend because - he has a system.

The plan is to use the "system," make some cash, put the money back Monday morning before anyone realizes it's missing, and keep the profits.

That's the plan anyway.

But, as Robert Burns said, "The best laid schemes o' mice an' men gang aft agley" (sometimes go awry.)

When the systems lose they are faced with going home and facing jail time for embezzlement, or worse - an angry wife.

Some opt to do a full gainer out of the window of their upper floor hotel room.

Being new to the city, and unaware of some of its peculiar traditions, I said, "That's not good. Bad publicity for us."

He said, "Nah, no one will ever know," and he explained to me how the local news outlets bury these stories whenever they can. And he was right - no mention on TV news that night, or in the Review Journal the next day. He said they average one jumper one per year, but I don't know, I only saw the one. And, luckily, I wasn't earlier on my way to work by about twenty minutes that day.

Thousands of American's are reported missing each year in the United States. Here in Las Vegas, an average of 5-7 adult persons are reported missing each day, and more than 200 a month.

Myths still prevail that you must wait up to 72 hours before reporting any person missing. The fact is, there is no waiting period to report a person missing to police. There are also myths that all adult missing persons are the victims of kidnaping, murders or some other criminal act.

Source. http://www.lvmpd.com/en-us/Pages/MissingPersons-Adults.aspx

Avoid the pork in the buffet line.

Is is possible but you will never find the outlets to take your action. You will have to bet $5,000 a game, and hit 20 units profit per month consistently. You will have insane turnover. Once you start winning betting 5k a game you will get limited fast. It is no different then a doctor saying I want to make 1 million a year. The best doctors only make 150-350k a year.

A more realistic goal is to aim for $100,000 a year, and have a second job as a business owner doing something you love. If you can profit 20 units a month, bet $500 a game, and have the discipline to flat bet, and ride the waves of variance, with a solid model in 2-3 different sports, with 50 games a week bet, then you have a shot at 100k a year.

Most of you here need to grow the hell up. Take this seriously. Give it your all and be honest with yourself. This is why most of you fail. No discipline or honesty.

Only in your dreams !!!!!!!!!!

@josbran

 So true!!!

A few years back the Detroit Tigers had a 19 game streak with every game total score Over. If you took $220 and kept rolling it over, double or nothing, in 15 games you would have $1.7 million. ($700,000 for taxes!!) There's your million. 

GOOD LUCK finding that again!!!

Indiana Hoosiers went 7-0 ATS in the regular season, Northwestern Wildcats 6-1-1. Having the vision to see these coming (or luck!) makes the difference.

I gamble for entertainment, would die of ulcers if I depended on gambling winnings!!

GL 

Best way to become a millionaire sports betting?

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