Can you making a living gambling in vegas?

Quote Originally Posted by flyp:

Topper Chris - I'm attempting to make a living off of sports gambling myself, but I'm working as a mortgage broker to increase my bankroll.  Unless you have a couple years of experience doing this (I have about 8) and know which lines to touch and which ones to stay away from, I wouldn't do it as my soul source of income.  Have about $10-$20k to blow or to win, and use that money only to bet with.  Anything less than $10k bankroll, or anything less than $200 a game is almost a waste of time.  Do it, and commit to it, and don't change your course no matter what.

Quote Originally Posted by gunonenic:

this is very true, about two years back I ran into a guy at the rio, and I saw him put $100 into a poker machine, playing $25 per, he went through the $100, got another one, two tries later won back $357 and change (don't remember the exact amount) I didn't get the chance to ask him for more details, he grabbed the ticket and left in a hurry.

the only problem- provided you have it down pat- is sooner than later they will catch you in an audit and the casino will probably either ban you or reduce your take. no way they'd let you come in year in and year out and haul away 6 figures.

99, thanks for sharing your insight

Quote Originally Posted by gunonenic:

speaking of roulette, I've used just about every system there is, and I learned the hard way. my old system was following the trend, say if it's red I'd bet red on the next spin. this strategy served me well until one night at the bellagio, that night I gave back all the money I won in previous sessions at other casinos plus some.  my base bet was $25, then 50, 100, 200, 400, 800, 1600, then 3200.... when I lost that $3,200 bet I reached into my pocket to get all the money I had left and I was ready to bet it all. before I could floorman came over to me and asked to see my id. I showed him my id, but the dealer had already spun. had I put that bet down in time I would have lost it too. I got this sick feeling in my stomach and just got up and left. that floorman saved me another $6k. now if I play roulette I play small and have a loss limit, and I don't sit there and play spin after spin. I walk around and look for patterns like red, red, red, blk, red, red, red, blk, red, red ,red...here I would jump in and bet on red to break it. same with high/low, odd/even. sometimes you'll see h/l/h/l/h/l/h/l/h/l/h/l...here I would bet l to break it. to play like this you must have the patience to wait for a pattern to develop, and it works best in casinos with at least 5-6 busy tables. another roulette play is to break down the wheel into 3 sections. if you do that you'll have group a 9,10,11,12,25,26,27,28,29,30 group b 5,6,7,8,17,18,19,20,31,32 group c 1,2,3,4,13,14,23,24,35,36 the only numbers left are 15,16,21,22,33,34. I like to walk around and look for a table without 15,16,21,22,33,34 in the last 15 spins, sometimes the reader will misread so it's best if you're there to keep track with your own eyes. so after 15 soins without those numbers you bet 1 unit on each, now you do the math, you can keep betting the one unit for 6 hands and not have to raise it, if you win the seventh bet you'd break even. 8th, 9th and tenth would be 2 units, then 3, 4, 5, 6, 7, 8, 10, 12, 14, if you lost every hand you're down $510. for that to happen it means those 6 numbers didn't show up in 35 spins. I have yet to see it happen yet.

Quote Originally Posted by gunonenic:

Let's say your goal is min $3k a month, 4-6k on a really good month. So that's anywhere from $100-200 per day on average, grinding it out 7 days per week, making different rounds around town, keeping a low profile by betting table min or greens....or if you're an advantage player bet higher denomination (hit and run) and be extremely selective. What kind of bankroll would you need for that type of return (I'm thinking around $10k for greens and $25k for blacks), what would be the loss stop (per session/per day), and what kind of table games would the most versatile and beatable in the long term?   I know many of you are thinking if it was that easy then there will be no casinos. But remember, your goal is $100-200 per day. You're not a tourist looking to make a killing on your trip. True, somedays you will make that in one minute, and somedays after 2 hours you're only breaking even, or might be down a couple of hundred.    Yes, as someone have said, "it's a hard way to make an easy living". But can you make a living at it, year in and year out, and if yes, are the sacrifices worth it?