Sharps bet on sports futures. Squares bet on sports regular season. If you have lost money gambling it's because you were betting regular season against other gamblers and degenerates that's smarter than you.
Futures betting is delaying gratification for greater reward kind of like long term hold of stocks and Bitcoin. Betting daily on regular season is a get rich quick for lesser reward.
All of my Sportsbook payouts get re-directed to a stock account where I largely buy Apple stock, with some other higher dividend paying stocks.
The Apple stock does nothing but grow and split, so it has turned out to be a solid money generator over the last 12+ years of my strategy, and a couple of the dividend generators have started generating nice totals.
Doubt I’ll get to millionaire status, but it will be close when all is said and done. And the dividends should fund a comfortable retirement no matter what.
I don't think it is possible to become rich of sports betting. However, I made a living for about 5 years only betting (while, more like "trading) tennis matches while living in Europe. I was making about 2k per month in euros, so about $2300 USD. Obviously not having to pay taxes so it was 100% profit and living in a small town in Spain where the average income was about 1200 euros, I had a nice life.
I find it more that if you are smart in sports betting, you should try to translate those skills into things like trading and investing. It takes the same resources and mentality, but there are much higher probabilities of making good money. In better, remember we are always at a disadvantage against the house due to the vig, unless you bet on exchanges only.
Appreciate it. Means more than you will know. This is why I stick around this wasteland.
The suggested odds are 100% algorithm based. Then sometimes adjusted by a human monitoring them. But not in smaller markets. There are definitely holes to exploit.
The problem is that live betting is a classic case of pigs eat, and hogs get slaughtered. Limits are low. If you win consistently, you will 100% be limited and it is a challenge and requires strategy to get outs and accounts.
GL
Oops, I read this message late just now. I had hedged Warriors into several parlays when the Warriors had +300 futures.
Now I am hedging Celtics and Heat as both of these teams are at +300 futures.
@Wizerguy
Hi there Wizerguy I read your statement and you are right about having the right method. Now that is exactly what I have got. Problem is I stay in South Africa and can't bet directly in the States . Have you ever heard of Bill Enter and his method, that's exactly what I have got. I am very shrewdly with the numbers and the way the bet must be taken. The thing is this , I get the superfecta almost consistently in the US I don't like Australia or England because they don't pay well. The US the way to go. Another thing is I don't play horses but I do play Greyhounds because you dont have to worry about outsiders and when you play with outsiders the superfecta will cost much more to play. I will tell you a little secret , there is no such thi g as form and it has all got to d o with numbers , that is why very few people win on horse racing . They are made to believe that for me will make you rich and that is definitely not true . I have got a brilliant method but to find someone who will believe me and just take the time to see what I am talking about is so difficult . Everyone wants to become rich but nobody want to believe because they have never seen what I am talking about . I will tell you straight that I am genuine and unique and nobody knows what I know. Like I have told you I work those Greyhounds out so Well and I see what they pay and it kills me to not be able to play in the States because it is illegal for me . I can get a VPN but because I will win so consistently the Tote will want to see me and because I am not an American citizen they will put the law on me. I need to do it legally. I need someone there in the States to play for me and then split the money . Firstly if you really want to make good money do some dry runs with me and don't pay out any money when you see the thousands of dollars that can be made for every meeting then we can really talk . I promise you what I am saying is true don't disbelieve and take that chance and I promise you your life will change for the better. I know that you get all these scams and whatever but I am the real deal. Look it is not going to cost you a cent to see what I am about , believe me when you do you will be as happy as a pig in shit. They say whey your ship comes in hop aboard because it will never come again. I know that you get arrogant people who will say impossible the reason is because of scams and like I said before don't spend a cent and I will give you the superfecta numbers before they run for many races and see how much money you can make every single day .Trust me. Please if you have faith and want to never be short of Mo no ey again get back to me and we can make a day so that I can give you examples of what I am talking about. My name is Glenn.
The question should be posed differently is my first thought. This is America and ANYTHING is possible with the exception of two things....avoiding death and not paying taxes.
But the statistical odds of becoming a millionaire for practical purposes is zero. Yet, we have lottery winners every few months where similar odds are in in place, but that is not wagering on sports with bookies.
The simple answer to your question is yes, but YOU won't ever accomplish it. The amount of people that have the discipline accomplish this, you can probably count on your fingers. They guy in the movie "Vegas" comes to mind. The 2 key things to making a million in sports betting is having a few to start with as others have pointed out. You also need to have the DISCIPLINE to only place 3-4 wagers a year. These two things alone probably eliminates 99% of us.
The realistic answer to your question is "NO"
Just some random thoughts
Hep
There was a guy over the weekend who had $7 on a 25 play parlay to win just over a million and cashed out after the first 23 teams had clicked taking just over $252K
the remaining two plays went on to win
https://twitter.com/ActionNetworkHQ/status/1571329554081357825/photo/1
@ActionMagnet
Of course you can, it's like if you ask, can you win the lottery. If you are very very lucky on all you 10K bets you can. I think a question like "If I start with $100.00 bankroll today what are the odds I would be over $1M in a year"? Is maybe more what you are looking at, I would estimate that to be about 0.0001% I could make it to $500.00 guaranteed in a year, but it's hard work.
So you could "guarantee" you could turn 100 in to 500 in a year.
But you cant turn 200k in to a 1m?
Do tell.
The world of eSports is rapidly growing and developing, so it is not surprising that betting companies have seen new business opportunities for themselves. Betting on eSports and gambling in online casinos no longer seem like something strange, because eSports competitions are already officially recognized almost all over the world. For example, in 2021, the prize fund of The International 10 tournament for the Dota 2 computer game exceeded $40 million, which was an absolute record! There are often no such prize pools in classical sports. The popularity of betting on computer games is growing, so many betting companies are trying to catch the trends and be the first to gain a foothold in new frontiers. This opens up opportunities for new business in this area. However, betting on eSports at the legislative level does not differ from regular bets, so bookmakers still need a license for their activities in accordance with the law. Precisely because of this, CS:GO remains the most popular betting game, geography plays an important role in this business. In China, betting is illegal, and gambling is banned in many states of America, but Europe is more attractive for this kind of business. However, not only the presence of tournaments can provide profit, the possibilities of this business are much wider, this can be seen on the example of the platform that we developed for the European customer - Gaming Stars.
Established in 1995,
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