45 thoughts on “Ask the Experts: How To Make A Living Sports Betting

  1. in work today i was thinkin bout gamblin & my stragety
    its quite simple & quiet so i think such things at times

    but im tempted to do alot of $3-$5 bets alot nxt year $100-$500+ no more $10s & $20s
    + i also wana look at pokies & weird thought of it & type of day if target $50-$100 a week at times & alot of other things like night time sports

    alot of american sports r durning the day
    3am-3pm mlb,nhl,nfl,nba r on round those times i need some night time stuff maybe poker in future

    but definity 2023 i wana raise more & more i cant stand doing a 9-5 im already burnt out its just ego now im not suppose to be at work havin minor mental lapse + my self estem isnt honest in there that takes a toll also
    so im raising nxt year

    + i wana save alittle
    $3-$5 bets nxt year
    starts with nrl & super rugby then mlb & afl at times

    & NHL fixture isnt up the douch bags i checked espn & it hasnt been up yet its now 10pm & starts 10am 2moro

    & i noticed the NPC RUGBY wellington +5 is up
    but the $3 isnt up for the win like it was yesterday its been taken down like the lions $6 won wasnt up just the line +13 line

    i wana start lookin at alot of other punters apps in future doesnt seem right

    & i wont bother uz til nxt year most likely mlb season 2023 june or september

  2. True degenerates are not betting 20 bets a week. They go for the big money betting 6 to 10 team parlays multiple times a day. We know how that can go. It's hard for degenerate gamblers to have bankroll management.

  3. Millions of people gamble overall in all various gambling venues only an estimated 3pct make a living out of it 97pct don't the greatest sports handicapper I ever knew the late great lem banker use to say 40pct goes thru the window 40pct comes back to you its the remaining 20pct that separates the winners from the losers I myself don't believe in mass betting you have to picks your spots over several decades I personally seen too many people go bust from mass betting

  4. TC at his best.
    But a way to make that grow a tad faster is variable bet sizing based on BR.
    Plus you can bet a little more than 1% and withstand the variance.

  5. STEVE STEVENS JUST GOT A TERRIBLE HAIR TRANSPLANT AFTER Vegas Dave CALLED HIM THE BALDING HANDICAPPER. VD IS GOING TO ROAST HIM HARD. THE DUDE IS SAYING HE SHAVED HIS HEAD FROM LOSING A GOLF MATCH. MY BROTHER IS A DR THAT DOES HAIR PROCEDURES. STEVE TOOK DOWN HIS VIDEO OF HIM BEING BALD BECAUSE HIS TRANSPLANT SCABS ARE SO BAD.

  6. nba is hard as balls. nhl is impossible. nfl and college football you can win sometimes. nfl sometimes can be hard if you are giving points. The only reason I am up overall is because i won one big bet of 100,000. The most i lost is 1200 on one game. Betting small is the only way to win overall and maybe once a year betting big, it is possible to win. I only pick 53 percent winners in all sports and i am up 92,000.

  7. Do I have to include the wager when reporting my winnings? I would never do this, but say I bet $1000 to payout $1100 on a Sportsbook app. Do I have to report $1100 or just $100 to my total at the end of the year?

  8. I love these types of videos. Kelly and Teddy are two of the best too. Sports betting for a living is very similar to the stock market. You either have a ton of capital to invest for slow and steady returns, or you help those with a ton of capital and take a commission.

  9. It is possible to profit on betting so long as a) You only bet what you can afford to lose  b) Doubles, triples and accumulator bets are the easiest way to profit and c) use the excel app to practice on first so that eventually you come up with the system without it costing you a penny

  10. Let me give some insights from an experienced Sports Trader's (20 years) perspective.

    1. Almost all sports have handicaps and more importantly handicap opening odds. If the bookmaker things a team is going to win (E.g. for Soccer/Football), they will offer 1.85 for one team and 2.00 for the other. Of course they are thinking that the team with 1.85 odds is going to win and hence winning a 15% spread, or what we term as water money in Asia.

    2. Market Consensus. Without knowing what is the opening odds and tracking the odds movement, one is clueless about the marketing movement. Only by knowing how to track opening odd, odds movement transition and market consensus from multiple sources can a person estimate what is really happening behind the scenes.

    3. Trading Signals. Most people like to use machine learning or deep learning to try to use past results to figure out what is a good trading signal. Unfortunately things doesn't work out that way for trading. What you do in paper trading and actual trading are totally different. In paper trading, one would take on more risk or less risk compared to actual trading or vice versa. In real trading, it has got to do with the information that was present at that moment, the execution of the trade, trading psychology, capital (bankroll) management and much more. So in short, successful traders are only able to derive strong golden trading signals from real successful trading executions from thousands of trades. Not by running probability tests using machine learning or deep learning. These are only tools that are meant to enhance the probabilities of trades rather than trying to find out trading signals from the scratch.

    4. Trading psychology. Without understanding the limitations of human trading, e.g. Emotional trading, Trading Euphoria (God Mode), it is hard to factor in the different aspects of risk taking into an automated A.I. trading bot for any kinds of trading instruments.

  11. Sports betting makes more sense than betting on the lottery. Not long ago my lottery ticket didn't win me the jackpot ONLY because the difference between five of my numbers and the winning numbers was 1! I only matched one number and I missed the other five by just one number each.

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