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Journey to Full Time Passive Income from SPORTS BETTING

Discussion in 'My Journey Discussions' started by thebubblefish, Jan 13, 2015.

  1. thebubblefish

    thebubblefish Newbie

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    Hello Guys,

    This journey is about my commitment to create a full time passive income from Sports betting.

    I will post my bets and earnings here to document my journey, and to help myself to stick with my goal.


    My Story & Philosophy Behind

    I have been betting for about 5 years now. In these 5 years I lost more than $4000!

    You could say it was stupid of me and I have a gambling problem, but in my opinion I've learned a huge amount from my mistakes, so nothing really lost.

    I gained so many skills which you can't buy for money. I "traumatized" myself to let go of the betting outcome, and always keep my head calm, and stick to my strategy, no matter how bad it goes.

    I learned to let go of greediness and be happy for what I got. I learned that you never know how a game will go, it's unpredictable as a dice. You just have to go with the flow. I learned that I don't win every time, and that sports betting is much like trading stocks, and life in general. It goes a lot up and down, but if you follow your strategy and have a detailed plan for how to get to where you want to go, you will in the end get there, although some times not in the way you predicted.

    The last year or so my betting travel have only been profitable. It shows me that I finally learned enough to turn the numbers from negative into plus. it still goes up and down, but it's more like two steps forward and one step back.


    My Betting Strategy

    I use 2 strategies.

    Strategy 1
    I handpicked some professionel tipsters, which I followed for some time now. I chose the most profitable of them, and today I make all the bets they pick. All bets here are placed before a match start. The bets are mostly around football (soccer) and basketball.
    I will post these bets here in this thread, before a game starts.

    Strategy 2
    Second strategy is an in-play football (soccer) strategy. It's a high risk strategy, and it demands a lot of skills and experience to be profitable, so I won't go into details with this strategy here. I will only post results.

    I always bet the same amount of money for each bet I make with both strategy 1 and 2.


    My Goal with this Journey

    At the moment I use a fairly small amount for betting. In the nearest future I will scale this up, so I am able boost my betting income, and make a living from my profits.


    Wish me luck. :)
    Jean
     
  2. Hawkster

    Hawkster Jr. VIP Jr. VIP

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    Will you be betting on a particular sport or all sports?

    I do a bit of betting myself, mainly football/soccer
     
  3. thebubblefish

    thebubblefish Newbie

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    I will mainly bet on Football (soccer) and basketball.
     
  4. Hawkster

    Hawkster Jr. VIP Jr. VIP

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    Ok kool be sure to update the thread with bets you are going to place, and update us on wins/losses

    Good Luck.

     
  5. TeKn1qu3z

    TeKn1qu3z Jr. VIP Jr. VIP Premium Member

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    Is sports betting legal in USA? I've heard mixed things about this.
     
  6. thebubblefish

    thebubblefish Newbie

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    I will do my best. :)

     
  7. thebubblefish

    thebubblefish Newbie

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    I'm a resident in Europe, so as such I'm not expert in USA betting laws.

    But try to Google "is sports betting legal in us" and you'll find the answer. :)

     
  8. thomansfel

    thomansfel Jr. VIP Jr. VIP

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    Its doable, to earn a living but you have to learn and be a pro yourself. What happens when the tipsters you follow stop sharing stuff ? No more income.
     
  9. Aatrox

    Aatrox Supreme Member

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    Saw a journey like this one, didn't work out. I wish you luck :)
     
  10. thebubblefish

    thebubblefish Newbie

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    New Bets Update

    ​Basketball


    • Atlanta Hawks VS. Philadelphia 76ers: End Result= Atlanta Haws -12.5
    • S.A Spurs VS. Washington Wizards: End Result= Washington Wizards -1.5
    • S.A Spurs VS. Washington Wizards: End Result= Over 193.5
    • Cleveland Cavaliers VS. Phoenix Suns: End Result= Cleveland Cavaliers +4
    • Dallas Mavericks VS. Sacramento Kings: End Result= Dallas Mavericks -4.5


    Football


    • China VS. Uzbekistan: Half time result= Draw
    • China VS. Uzbekistan: End Result= Under 1.5 goals


    I bet the same amount of money on each bet.

    I will let you know about the outcome.
     
  11. thebubblefish

    thebubblefish Newbie

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    You are right, and that could become a problem. But I do have more than one leg on my "betting table", so of one tipster is shutting down, I have other profitable tipsters in my portfolio. They are maybe just not as profitable as the ones I follow and use now.

    Betting strategy 2 is my own developed strategy, so that one will not disappear.

     
  12. thebubblefish

    thebubblefish Newbie

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    Thanks!

    I saw others too. I do though believe I do things different, so hope this thread will end very different.

     
  13. TayaX

    TayaX Jr. VIP Jr. VIP

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    Goodluck on your journey!

    I have some questions rgardings your tips :
    - Can you tell us how you manage your bankroll ? (How big is it, what percentage you put on each bet).
    - Who are the professional tipster you picked ? Did you pay for them ?

    Instead of putting your bets here in text, just screencap (hiding your infos of course) your screen once its done, easier for people.
    Or if you dont want for any reason, at least how much you ebt and at what odds.
     
  14. thebubblefish

    thebubblefish Newbie

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    Result Update


    Not the best start, but never mind. I'll try again.

    I bet $50 per bet.

    ​Basketball


    • Atlanta Hawks VS. Philadelphia 76ers: End Result= Atlanta Haws -12.5 WIN
    • S.A Spurs VS. Washington Wizards: End Result= Washington Wizards -1.5 WIN
    • S.A Spurs VS. Washington Wizards: End Result= Over 193.5 WIN
    • Cleveland Cavaliers VS. Phoenix Suns: End Result= Cleveland Cavaliers +4 LOST
    • Dallas Mavericks VS. Sacramento Kings: End Result= Dallas Mavericks -4.5 LOST


    Football


    • China VS. Uzbekistan: Half time result= Draw LOST
    • China VS. Uzbekistan: End Result= Under 1.5 goals LOST


    Total:
    -$60 (LOST)
     
  15. thebubblefish

    thebubblefish Newbie

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    New Bets Update


    ​Basketball

    • New Orleans Pelicans VS. Detroit Pistons
      End result= New Orleans Pelicans +4.5

    • Dallas Mavericks VS. Denver Nuggets
      End result= Dallas Mavericks +2.0
     
  16. thebubblefish

    thebubblefish Newbie

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    Thanks a lot!

    Regarding your questions:

    - Can you tell us how you manage your bankroll ? (How big is it, what percentage you put on each bet).
    I bet 2% of my bankroll on each bet. Each bet is $50 at the moment, with a bankroll of $2.500.

    - Who are the professional tipster you picked ? Did you pay for them ?
    My tipsters are both free and paid tipsters. I prefer to keep them to myself for now, sorry. Maybe I will tell more about them later.

    - Instead of putting your bets here in text, just screencap (hiding your infos of course) your screen once its done, easier for people.
    Or if you dont want for any reason, at least how much you ebt and at what odds.

    I sometime post from my phone, so not easy to take and post screenshots, but I will try to add odds to my bets in the future.

     
  17. Tiddlywink19

    Tiddlywink19 Regular Member

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    Technically, it is not illegal for you to place a bet on a game, however it is illegal a majority of the time for someone to 'run' a gambling operation of the sort.
    I have literally been sports betting in the US for 9 years, I have never found it difficult, and what I am doing is not illegal either. It is quite easy.

    Some states also do offer sports books (Vegas and Jersey off the top of my head), and the new fantasy one week sports "betting" online is really just picking and betting on a fantasy lineups against other people in a contest; also a lot of fun and is becoming quite popular.

    As to you OP, the way you speak still sounds like you have that gambler's fallacy running through your head, which is not a good thing. I wish you luck, but do not have much hope.

    Beating the books takes a lot of work, and the ones that do it, although few and far between, make a lot of money. Good Luck!!
     
    Last edited: Jan 15, 2015
  18. thebubblefish

    thebubblefish Newbie

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    Result Update


    ​Basketball

    New Orleans Pelicans VS. Detroit Pistons
    End result= New Orleans Pelicans +4.5 WIN +$38

    Dallas Mavericks VS. Denver Nuggets
    End result= Dallas Mavericks +2.0 LOST -$50


    Total: -$72 LOST
     
  19. thebubblefish

    thebubblefish Newbie

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    New Bets Update


    (All bets are placed at Bet365.com)


    ​Football (16. January)

    ​Stade Lavallois MFC VS. Dijon FCO
    End result= Draw (Odds 3.0)
    --------------------

    Nimes Olympique VS. Valenciennes
    End result= Draw (Odds 3.0)
    --------------------

    Amiens VS. Dunkerque
    End result= Draw (Odds 3.2)
    --------------------

    Cobreloa VS. Universidad Catolica
    End result= Cobreloa Win (Odds 3.1)
    -----------------------------
     
  20. Vic Sage

    Vic Sage Jr. VIP Jr. VIP

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    When did Sport Betting became part of IM? Point me to a link if I missed something in the past 2 hours of my absence in work (IM). Anyway, wishing you bad luck with your rubbish venture.