What everyone needs to know is.....

Hands down raising funds enough to make a difference and be disciplined.

Realistically I view (and do not have) $100,000 as an exceptional bank roll.

assuming perfect management of 1%/5% for an unrealistic 300 days is 1.5 million wagered annually.  Assume 5% return $75,000.  Assume 7.5% return $112,000.  Finally if you hit 10% return, you're brilliant and don't need to bet but will make $150k.

However, it's not that 99% of bettors lose.  It's that 85% don't have sufficient startup funds to care enough to be disciplined and the other 14 % cant help themselves anyway.

One more nugget on the vig.  You're not actually playing against the book, truly understand that is the best place to start.

@BoutThatAction

 Money management is #1 for sure.  Just look at all the posts saying they are going all in on a game, or POY, etc.  

Idiot

In all seriousness for me its the money management that is the hardest. I can cap at winning percentage, but sticking to unit wagering and not chasing during bad slumps is what I find difficult to stay consistent with.

Sportsbetting can be very profitable if you can stay discipline with wagering.

1.  An executable handicapping + staking plan that makes sense and is repeatable to make +EV

2.  100% yes.  Very large majority lose, very small minority win.  A lot.

Find something else to do... with your time and energy.  

@worm23

1. Finding the sport to bet on that you are good at. Most do not and bet multiple units every day on every sport including things they have no clue about. I mean really how many people are really good at betting on 3 card monte! Advice, if you are a 100 dollar a unit bettor and have had success at NFL then continue. If you need action in the middle of July bet a 5-dollar 6 team baseball parlay.

2. Yes it can be done, and people can win in the long run. Not many you have to have really fantastic money management skills, discipline and as no one has mentioned yet you also need a little bit of luck from time to time.

Good luck with your project and ignore the haters as they just bet blindly every day and still have no clue because they are not successful.

I'll add a few things. Vig only gets you if you let it. There's books out there that offer -105 lines take advantage of them it makes a huge difference in the end. The other thing is that you can offset the vig by taking ml dogs. I see this all the time on these boards where guys will take +2.5 dogs -110 instead of taking the ml at +120- +130 and so on. I never understood this. So you're saying your confident enough that the team you're backing will lose by exactly 1 or 2 but not confident enough that they'll win outright? The data is out there if a small even medium dog covers the spread most likely they will win outright and that goes for all sports. This is the secret of getting that -105 -110 vig from the house back in your favor. And if the bet loses well you only lost +100 instead of -110. The other thing that I haven't seen mentioned is drinking/drug use and gambling There's a reason Vegas casinos comp drinks if you're playing. When your judgment is impaired you'll make plays/take risks that you won't normally make. Bet with a clear sober head as much as you can

@gotime

@Bigdoubleplay

 Thank you both for the responses. It really helps a lot. 

@unplucked_gem

 Thanks so much. Makes so much sense.