Does anyone do sport betting?

[Sombrero]

I do. I bet money on UFC fights. I've won 6 out of 9 bets and made $190 so far. If you win 52% of the time you are making money. I don't bet too much money, usually $15-$25 per fighter to win $20-$60.

 

[maidanez]

I do. I bet money on UFC fights. I've won 6 out of 9 bets and made $190 so far. If you win 52% of the time you are making money. I don't bet too much money, usually $15-$25 per fighter to win $20-$60.

This is wrong. It's not about how often you win it's about the odds you get paid out at when you do win. You need to be betting at the highest odds you can find. Most bookmakers overround will wipe you out in the end no matter what. In order to win long term those odds need to be wrong and the real probability of a win be something you know the odds of better than the market.

 

[Sombrero]

Yes, but you will lose time to time. You can win $1,000 a game and next time lose 2 games betting $500 now you are $0, next time you win $500 etc... The maths are there

 

[| ALIEN |]

Have you thought about arbing?

 

[Jonnn]

i made good money sport betting a few thousand college football for me i do parlays of 7,10,15 teams but its more of a hobby i know some guys making 6 figures per college football season

 

[Heiko]

I do about 12 million a month in turnover on sports betting.

The truth is that you won't make it. I can tell already and it will always be a hobby for you.

If you want to profit from sports betting you will need to :
- Learn to code to collect data no one else has
- Spend at least 5 hours every day analyzing data or watching games
- Spend every waking moment trying to work out how to do it better.

You could specialize in one sport. But then you need to bet big to make any real money. Specializing means you know everything about the sport and you have watched every game played every week of the year. You would need to know intricate details and think of angles that other people are not seeing which could be done if you dedicate to one sport. This method probably requires about 10 hours of work a day instead of 5 hours.

I didn't get to 12 million a month in turnover by playing around. I spent thousands of hours collecting data. Even though I do that amount of betting already I have spent a good 7 hours today working through more data to improve my edges. I love to do it. If you don't love it then find what you love and go make money there.

When I first started it was a challenge for myself and I gave myself a $100 limit. I have never lost that $100. To give you some perspective I was spending 2 hours before work looking at data, then working all day in a job then coming home and spending another 7-8 hours looking through data and then got some sleep. I then repeated it again the next day for about 2 years. Now I spend about 1-2 hours a day on most days looking at it unless I am trying to improve the results like I was today. Then its generally a week of about 5-7 hours a day going through billions of lines of data to find the gems which give me my profit.

What is your winning percentage on bets? 60-80 % or more? Also, i bet that you are getting banned from a lot of sites, since you are always/or mostly winning. How do you avoid that?

 

[PaulSmithAUS]

What is your winning percentage on bets? 60-80 % or more? Also, i bet that you are getting banned from a lot of sites, since you are always/or mostly winning. How do you avoid that?

I use betfair almost exclusively so I don't have to worry about bans. I say almost because there are some laws in my country meaning bookmakers have to accept a $1000 bet.

I have a win percentage which is a lot higher than 80%. I am a low risk gambler as I hate losing.

 

[seamate]

@mickyfu something that you might be interested in may be?

Leave tha man in peace, please