All Forums | Las Vegas

Minimum needed to live the dream

...
Participants:
Search
Views: 283609
Posts: 495
 
Prospect
Participation Meter
Joined: Oct, 2012
Posts: 2
Posted: #126
just stumbled upon this thread, hope you are doing well and succeeding newyorkslim. I have watched sports my whole life and have played poker since i was about 11 or 12. I havent played poker for money in about 2 years. I am now a senior in college and as a sophomore i played some cash games about 3-4 times a week against 25+ year olds and made some good money over course of the winter. Ive always wanted to get into sports betting and i finally just started with the start of the nfl season. I am up $600 so far with $50 bets (sometimes $100 bets) in 1 months time. My win rate is 60%. this dream you are living newyorkslim would be my dream as well. i am 8 months away from graduating with an accounting and finance degree and my parents are expecting me to become a cpa and sit in a cubicle all day being bored out of my mind. I have about $20k in my savings account, which my parents would probably be extremely dissapointed with me if i decided to try and make it in vegas and live this lifestyle. they have always dissaporved of me playing poker but they stopped nagging me over it when i usually came home with more money then i left the home with. man, i just dont feel like the 9-5 lifestyle is meant for me i feel different than most ppl in that regard. im going to keep betting through the nfl/ncaaf/nba/ncaab and also i go to school in delaware and online gambling will be legal come january so ill probly do some poker and maybe a little blackjack during my last semester before graduation. hey man i hope you make it out there and live a great life, i hope to join you come 1 year from now as a 22 yr old thats never been on his own doing something most ppl would consider crazy. good luck man.
 
Captain
Participation Meter
Joined: Nov, 2002
Posts: 7112
Posted: #127
Post your picks and posters here will advise if you should leave or not.  Personally I would not.  If you have on line gaming then stay where you are, make a living in some career and save money while at home.  Gambling can be a side hobby and you can always go to LV or Atlantic City for fun.  I go to LV three to four times a year and quite enough for me.  I get to gamble through local books on line and stay in paradise although lots of locals move to LV becauseof the high cost of living here.  Will be there visiting in late Oct. to visit classmates and to see a neighbor who moved away.  Got family that moved there also but not so close with them, cousins but hardly know them.  Every trip I bump into people from here.  Most say home is where you make it.  LV gets hot and cold.  Both climate and gambling.
 
Prospect
Participation Meter
Joined: Oct, 2012
Posts: 2
Posted: #128
Quote Originally Posted by ShadowWarrior:

Post your picks and posters here will advise if you should leave or not.  Personally I would not.  If you have on line gaming then stay where you are, make a living in some career and save money while at home.  Gambling can be a side hobby and you can always go to LV or Atlantic City for fun.  I go to LV three to four times a year and quite enough for me.  I get to gamble through local books on line and stay in paradise although lots of locals move to LV becauseof the high cost of living here.  Will be there visiting in late Oct. to visit classmates and to see a neighbor who moved away.  Got family that moved there also but not so close with them, cousins but hardly know them.  Every trip I bump into people from here.  Most say home is where you make it.  LV gets hot and cold.  Both climate and gambling.


Yeah I haven't decided anything yet, I guess I just want to go to LV really bad, maybe going 3-5 times a year would be enough to itch that scratch. As for betting I will only be able to gamble online in Delaware for about 4 months before graduate and go back to NJ. I hear they are trying to make online gambling legal in NJ soon so that would be great. I also bet through a local bookie cuz he pays me in cash every single week and there are no withdraw fees and I get 100% of my winnings. Also he has good lines for me.
 
Veteran
Participation Meter
Joined: Feb, 2009
Posts: 4681
Posted: #129
Quote Originally Posted by Qncyk1:

you have to open a 5dimes account.

i dont even want to tell you how much youve lost playing vegas lines. im with matchbook and pinnacle.

you cant do this on a dialy basis and bet vegas lines.

you just cant.

 

 

Have to disagree. Vegas lines are good, sometimes better than the online, you just have to shop around

Also, I know lots of people making a living, only betting at Vegas books

 
Prospect
Participation Meter
Joined: Oct, 2009
Posts: 321
Posted: #130
Quote Originally Posted by mafioso:

If you are going to rent an apartment the cheapest you will find is maybe a studio for around 500 a month

so thats 6500 for the year including security deposit

You will have Bills

I will not have bills.

I will have "the Bills at + 7.5" 

 
Prospect
Participation Meter
Joined: Mar, 2009
Posts: 85
Posted: #131
Quote Originally Posted by mbialowas:

Have to disagree. Vegas lines are good, sometimes better than the online, you just have to shop around

Also, I know lots of people making a living, only betting at Vegas books


What time do LV books put up lines for NFL/NCAAFB  ? Sunday night? or Monday morning?
and do early lines have a smaller limits?
 
Veteran
Participation Meter
Joined: Oct, 2006
Posts: 3051
Posted: #132
Quote Originally Posted by vlps5122:

just stumbled upon this thread, hope you are doing well and succeeding newyorkslim. I have watched sports my whole life and have played poker since i was about 11 or 12. I havent played poker for money in about 2 years. I am now a senior in college and as a sophomore i played some cash games about 3-4 times a week against 25+ year olds and made some good money over course of the winter. Ive always wanted to get into sports betting and i finally just started with the start of the nfl season. I am up $600 so far with $50 bets (sometimes $100 bets) in 1 months time. My win rate is 60%. this dream you are living newyorkslim would be my dream as well. i am 8 months away from graduating with an accounting and finance degree and my parents are expecting me to become a cpa and sit in a cubicle all day being bored out of my mind. I have about $20k in my savings account, which my parents would probably be extremely dissapointed with me if i decided to try and make it in vegas and live this lifestyle. they have always dissaporved of me playing poker but they stopped nagging me over it when i usually came home with more money then i left the home with. man, i just dont feel like the 9-5 lifestyle is meant for me i feel different than most ppl in that regard. im going to keep betting through the nfl/ncaaf/nba/ncaab and also i go to school in delaware and online gambling will be legal come january so ill probly do some poker and maybe a little blackjack during my last semester before graduation. hey man i hope you make it out there and live a great life, i hope to join you come 1 year from now as a 22 yr old thats never been on his own doing something most ppl would consider crazy. good luck man.


Interesting post.  It doesn't really matter, but your story is very similar to the path I followed....10 years ago.  I graduated college with a degree in Business Finance at age 22.... I bet on college football regularly and enjoyed it...then had a big decision to make.  I wanted to go to Vegas and set up shop betting college football and bartending...taking the proceeds and investing in the stock market and commodities markets.  My parents wanted me to become involved in the family construction business, and they did not believe there was any future in betting for a living.  So, I stayed local and went to work in the family business.

It is funny, because sportsbetting and stock/commodity trading is always looked at as being hugely risky... basically, a fools game....  and 10 years ago building residential houses for resale was looked upon as a no-risk proposition.  Well, fast forward 10 years.  The family business is now defunct, and the assets that we worked so hard to build have been hugely devalued.  But the worst part is the time that was wasted doing something that was supposed to create a solid future, even though it made for a very unhappy present.

In closing, I am not intending to give anyone advice here.  I am the last guy who's opinion is relevant on career path topics. What I will say is that absolutely NO ONE but you knows what is best for you.  If you do not want to work in a cubicle from 9-5 5 days a week, then fuck that.  Your parents will understand...it may take awhile, but they will get used to the idea.

Good luck with your future, and your picks.   
Never Make A Winner A Loser. Never.
 
Prospect
Participation Meter
Joined: Sep, 2009
Posts: 85
Posted: #133
Wow, I'm amazed this thread is still kicking.

Hope nyslim is still okay.

vlps5122,

There is no better time than once you first graduate to take a huge risk like that. Make a deal with your parents that you'll give yourself a year and see what happens. If it doesn't work out, you can always get a job in Vegas and gamble in your free time.
 
MVP
Participation Meter
Joined: Dec, 2007
Posts: 15772
Posted: #134
big vern good post-

 
Prospect
Participation Meter
Joined: May, 2008
Posts: 48
Posted: #135
Living the dream. Code for want to be a degenerate gambler. Its not different from an alcoholic who wants to live the dream by owning a tavern. The "dream" should be to use your skills to make a comfortable living. Doing what you want to do. 

If you "need" to live in vegas to do this, you should rethink what it is you really want. 
 
Prospect
Participation Meter
Joined: Nov, 2010
Posts: 5
Posted: #136
Here is a thought,

If you have 100k to start with, open a small retail business such as a tobacco/smoke shop with about 50k.  The money will not be great but most of the time, a tobacco/smoke shop will turn a profit.  Use the other 50k as your bankroll.

I personally own a liquor store and I wager for fun.  I admit that I did not know about bankroll management in my early onset but the present is a gift and I am on my way to increasing my bankroll.  My one unit plays are $25 and I now stick to it.  I have imagined the "pro lifestyle" and I have accepted that it is not for me.  To those who chose to pursue gambling as to make a living, best of luck!
 
Prospect
Participation Meter
Joined: Oct, 2012
Posts: 244
Posted: #137
To sit at a poker table and expect to make money long term, you first have to be good & play a game on par w/ your skill. A basic rule of thumb is that you need @ least 100 x's the max bet to weather the unavoidable ups and downs and have the cash on hand to take advantage of favorable conditions when they DO arise, i.e. $1000 to sit 5/10 Hold 'em 

I don't even know what kind of a bankroll you'd need to play poker to try to make a living at it, for instance, which is why I didn't specify the game. 

I appreciate your replies, though, at least you put some thought into it. 
[/Quote]
 
Prospect
Participation Meter
Joined: Aug, 2012
Posts: 293
Posted: #138
A couple people mentioned winning $100 a day is not reasonable.  I could win $100/day without a problem.  Hoping to figure out a way to get it down on paper so others can benefit from it sometime soon.

Best of luck to you beergut.  I hope that you can live the dream at some point!!


 
Captain
Participation Meter
Joined: Nov, 2002
Posts: 7112
Posted: #139
Please show us how to win 100 dollars a day. In sports wagering I would say not possible.  If you are speaking other ventures like poker, horse racing, black jack then I may see it but everyday.  Not likely to me.  I have had winning weeks and losing weeks and winning months and losing months, but never only winning weeks and winning months.  If you have the formula, I suggest you do not share it because you would be banned.
 
Prospect
Participation Meter
Joined: Aug, 2012
Posts: 293
Posted: #140
It's definitely not possible in sports betting.  You can average $100/day in sports betting but you can't consistently win $100/day.  You can do it at any game where you can get close to 50% odds....BJ, craps, etc.  BJ is the easiest way to do it.
 
Rookie
Participation Meter
Joined: Sep, 2009
Posts: 659
Posted: #141
Quote Originally Posted by jecht:

If you have a lifetime 24hr fitness membership there will be no rent expenses.



 
Rookie
Participation Meter
Joined: Sep, 2009
Posts: 659
Posted: #142
Great topic... I too share this vision of "Living the Dream". I've been planning on moving out to Vegas for a few years now. I heard about the Griffin Book or Blacklist data base that is held by Griffin Investigations. Does anyone have feed back on this? I assume that if your going to different casino's and only winning a few hundred dollars a day you shouldn't have to big a target on your back. Also read on Wikipedia that the more you win in a casino the less comps they give you or they start to take away your comps. Wikipedia has a wealth of information about this. Somewhere it specifically says that Sharp bettors, advantage betters, and arbitrage bettor can get on this list. 

This is str8 from wiki

"In the Griffin Book, published by Griffin Investigations, listed individuals are generally suspected of being, or known to be, either advantage players or outright cheaters at the casino games themselves. Thus, casinos find it in their own economic best interest to exclude such individuals. Those listed may be anyone perceived as a threat to the casino's profits, including those that use legal and illegal means, such as card counters, people who mark cards, those who try to cheat slot machines or anyone else considered a threat to a casino, including players that the casinos believe are winning too much or too often."

Please advise?
 
Veteran
Participation Meter
Joined: Aug, 2009
Posts: 1331
Posted: #143

 
Rookie
Participation Meter
Joined: Nov, 2009
Posts: 847
Posted: #144

1. He's not gonna get blackbooked unless he's cheating at some sort of game...

2. Nobody who's target goal is a bill a day is gonna fall under their category as a 'sharp' period.

3. I'm not sure what the OPs intentions are.  When you say $100 a day, do you mean 100 each and every single day, or like an average over the course of a year.  If you're betting for a single goal that day you're in shit.  You should be betting when you see value and the plays are good.  Chasing money is just a poor idea.  If your end game is just an average, then the people telling you it isn't possible are just dumb.  Lets assume 100 is 1 unit.  On a given saturday you can clear several units.  Other than money management there's no system.  Just know your shit and its more than possible.

 
Prospect
Participation Meter
Joined: Jan, 2011
Posts: 53
Posted: #145
about to visit vegas next week is LVH hotel & casino a nice spot. flight & room 685 for a week is that a good deal from detroit to vegas
 
Prospect
Participation Meter
Joined: Jun, 2007
Posts: 118
Posted: #146

LVH is only good for weekend sportsbetting. Way too far from the strip and all the action. You will waste $30-40/day on cabs to leave the hotel. Terrible location. My advice is to change to a strip hotel even if it costs you a few more dollars, well worth it. You will regret having to go back to the Hilton every day you are playing on the strip.

 
Prospect
Participation Meter
Joined: Jan, 2011
Posts: 53
Posted: #147
thanks lou, do u know anything about imperial palace or super8 koval there off strip & pretty cheap
 
Prospect
Participation Meter
Joined: Aug, 2012
Posts: 293
Posted: #148
Harrah's is cheap and right in the middle.  I will be out there the 26-29th.
 
Rookie
Participation Meter
Joined: Oct, 2008
Posts: 688
Posted: #149
The LVH is not that far away.  There is a tram that you can take back and forth from several spots on the east side of the strip.  Enjoy your trip.
 
 
Banned
Participation Meter
Joined: Sep, 2012
Posts: 6659
Posted: #150
Quote Originally Posted by mafioso:

Let me clarify

If you are going to rent an apartment the cheapest you will find is maybe a studio for around 500 a month

so thats 6500 for the year including security deposit

You will have Bills

Electric,gas,cable and or satalite, phone and internet with the summers and winters lets say your total for these bills is another 300 per month

thats 3600 per year

You will need a car, Lets say your car is payed off just to be nice with insurance and gas and maintenence you are looking at 300 per month

thats another 3600 for the year

now food, dining in dining out going out to movies, dating once in a while if you have a life say another 400 per month, Im being ultra conservative here on a tight ass budget

thats 4800 per year

add medical insurance another 150 per month thats 1800 per year

from bottom to top

1800

4800

3600

3600

6500

thats 20K to 23K depending on your life style

Now in order for you to have a chance in hell of being successfull You will need that money just to live on for 12 calender months

Now you need a bankroll

trying to win 100 per day is not feasable Its just not

You will have to be ultra selective and bet a nickle a game until you reach a desired goal for the month a desired goal would be 3k

Pay attention here its the most valuable lesson in this reply

You need to come up atleast 7 wagers won over the wagers you lost.

You are giving yourself 30 calender days to reach this goal, its the only way to make this type of move without going bust

so 500 a day is what you must have for wagering with the swings of wins and losses you need 500 a day x 60 days atleast 30K

so I was wrong when I said 100K You need atleast 50K

thats my opinion and in my case if I ever decided to do something so irresponsible I have a family, I would need atleast 150K because my expenses are double to tripple.

But good luck.


Well the portion you wrote about making $100 per day not being possible...This is simply untrue.

Anyone can make an easy $100 per day out here (or much more)if you have a professional system as I do.

In other words, the minimum to live the dream would be $0. You do not need a dime to start. But obviously unless you wish to be homeless I'd recommend enough to rent a place, as well as for food and bankroll. The bankroll required for my Holy Grail system is only $150 to start. 

I have never lost in the long term with it. It works consistently, so the problem with most people out here is that they don't know how to play or win. That is why it costs them so much. Las Vegas is actually one of the cheaper places to live in the country, so if you're not a loser, this is a good place to come and live.
All Forums | Las Vegas
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Privacy Choices Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo PCI DSS logo Logo
Copyright © 1995 - 2026 Genius Sports. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.