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    All Forums | NBA Betting Forum

    How many of you here making money from gambling?

    «First Previous 234 ... 678 Next Last»
    dontknowhowtobe
    ncaawizard
    Nba718ghost
    arbitrage09
    ChodeStain
    ...
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    «First Previous 234 ... 678 Next Last»
     
    dontknowhowtobe
    dontknowhowtobe
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    Posted: May. 5, 2014 - 11:26 AM ET #26

    Quote Originally Posted by Bleakhouse:

    I am up 100 units this year and 98% of that is from college basketball. I treat it like a business with a bank roll, 5-10% only each wager, I keep track in an excel spreadsheet of every pick, and i go back and research my picks and what went wrong and right etc. etc.

    It can be done with discipline and not wanting to get rich quick. Get rich slowly and follow and plan and it is amazing what this can do for you.



    Can I ask how much is each unit?

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    Quote Originally Posted by Bleakhouse:

    I am up 100 units this year and 98% of that is from college basketball. I treat it like a business with a bank roll, 5-10% only each wager, I keep track in an excel spreadsheet of every pick, and i go back and research my picks and what went wrong and right etc. etc.

    It can be done with discipline and not wanting to get rich quick. Get rich slowly and follow and plan and it is amazing what this can do for you.



    Can I ask how much is each unit?

     
    ncaawizard
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    Posted: May. 5, 2014 - 11:38 AM ET #27

    I'm 100% in the positive the last 2 years. I found a small edge, charging back cc on varies sites and then stiffing a couple local books. Fairly shady I know but I'm way ahead recently. If done the right way this can turn losing years into winning years!!
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    I'm 100% in the positive the last 2 years. I found a small edge, charging back cc on varies sites and then stiffing a couple local books. Fairly shady I know but I'm way ahead recently. If done the right way this can turn losing years into winning years!!
     
    dontknowhowtobe
    dontknowhowtobe
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    Posted: May. 5, 2014 - 11:57 AM ET #28

    Quote Originally Posted by ncaawizard:

    I'm 100% in the positive the last 2 years. I found a small edge, charging back cc on varies sites and then stiffing a couple local books. Fairly shady I know but I'm way ahead recently. If done the right way this can turn losing years into winning years!!


    lol ... that's not a way to make money from gambling ... that's a way to make money from stealing!
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    Quote Originally Posted by ncaawizard:

    I'm 100% in the positive the last 2 years. I found a small edge, charging back cc on varies sites and then stiffing a couple local books. Fairly shady I know but I'm way ahead recently. If done the right way this can turn losing years into winning years!!


    lol ... that's not a way to make money from gambling ... that's a way to make money from stealing!
     
    ncaawizard
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    Posted: May. 5, 2014 - 12:50 PM ET #29

    Haha I'd rather look at it from my point of view that the bookies are stealing from us. I go to work every day and pay my taxes. They use all the perks of the system without paying into it. The only difference between bookies and drug dealers is that the drug dealer my use force to get his money......I don't make a habit of this anyway, I've only done it when I've been stuck big
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    Haha I'd rather look at it from my point of view that the bookies are stealing from us. I go to work every day and pay my taxes. They use all the perks of the system without paying into it. The only difference between bookies and drug dealers is that the drug dealer my use force to get his money......I don't make a habit of this anyway, I've only done it when I've been stuck big
     
    Nba718ghost
    Nba718ghost
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    Posted: May. 5, 2014 - 12:53 PM ET #30

    Lost 2k last year and 2k this year

    Smh..
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    Lost 2k last year and 2k this year

    Smh..
     
    dontknowhowtobe
    dontknowhowtobe
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    Posted: May. 5, 2014 - 1:16 PM ET #31

    Quote Originally Posted by ncaawizard:

    Haha I'd rather look at it from my point of view that the bookies are stealing from us. I go to work every day and pay my taxes. They use all the perks of the system without paying into it. The only difference between bookies and drug dealers is that the drug dealer my use force to get his money......I don't make a habit of this anyway, I've only done it when I've been stuck big


    I am not saying no to that ... I think what you do is "OK" in my eyes, and I would regard those who disagree with me or you as idiots, fools and scumbags who should have their mouth shut in regards to that.

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    Quote Originally Posted by ncaawizard:

    Haha I'd rather look at it from my point of view that the bookies are stealing from us. I go to work every day and pay my taxes. They use all the perks of the system without paying into it. The only difference between bookies and drug dealers is that the drug dealer my use force to get his money......I don't make a habit of this anyway, I've only done it when I've been stuck big


    I am not saying no to that ... I think what you do is "OK" in my eyes, and I would regard those who disagree with me or you as idiots, fools and scumbags who should have their mouth shut in regards to that.

     
    arbitrage09
    arbitrage09
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    Posted: May. 5, 2014 - 1:16 PM ET #32

    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 
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    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 
     
    dontknowhowtobe
    dontknowhowtobe
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    Posted: May. 5, 2014 - 1:19 PM ET #33

    Quote Originally Posted by Nba718ghost:

    Lost 2k last year and 2k this year

    Smh..


    Thanks for being honest!

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    Quote Originally Posted by Nba718ghost:

    Lost 2k last year and 2k this year

    Smh..


    Thanks for being honest!

     
    dontknowhowtobe
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    Posted: May. 5, 2014 - 1:22 PM ET #34

    Quote Originally Posted by arbitrage09:

    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 


    That's a good record.
    However would you be able to say that gambling can become a "job" for you, or you only do it from the side?

    Are you aware of the fact this balance can go down same way it can go up?

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    Quote Originally Posted by arbitrage09:

    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 


    That's a good record.
    However would you be able to say that gambling can become a "job" for you, or you only do it from the side?

    Are you aware of the fact this balance can go down same way it can go up?

     
    dontknowhowtobe
    dontknowhowtobe
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    Posted: May. 5, 2014 - 1:24 PM ET #35

    Quote Originally Posted by arbitrage09:

    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 


    And by the way ...
    It's $12,635 over 3 years ....

    Which is $4000 approx per year, or $333 a month.
    It's not bad, but you can't become a millionaire from gambling, can you?

    It won't turn you into next Bill Gates and likely if your bets were $10,000 - $50,000 each then no one would have taken them, or games could have been rigged against you when a large amount is at stakes, agreed?

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    Quote Originally Posted by arbitrage09:

    I started betting NFL (my fav by far) in 2011. I bet NBA after the all star break and playoffs. First NFL season I lost but since I have been profitable. I bet $100-$500 a game depending how I am doing that given week or day. I have kept track of every bet and money I have won and lost since day 1 and I am currently at +$12,635. $7,500 of that I won this past NFL season. 


    And by the way ...
    It's $12,635 over 3 years ....

    Which is $4000 approx per year, or $333 a month.
    It's not bad, but you can't become a millionaire from gambling, can you?

    It won't turn you into next Bill Gates and likely if your bets were $10,000 - $50,000 each then no one would have taken them, or games could have been rigged against you when a large amount is at stakes, agreed?

     
    ChodeStain
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    Posted: May. 5, 2014 - 1:37 PM ET #36

    I'm probably down $10K lifetime but bet like I'm up $1 million
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    I'm probably down $10K lifetime but bet like I'm up $1 million
     
    ncaawizard
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    Posted: May. 5, 2014 - 1:49 PM ET #37

    Good deal dontknowhow, you know whats up. It's these small edges that can turn a losing season into a winning one. 99% of people are going to lose without some sort of system edge. It's a shady business on both ends, you just have to beat them at their greediness. We all know they prey on anyone(a lot of degenerate parents) who they can profit from......

    I was a problem gambler with 2 kids for a couple years and they would take my last $100 regardless if I needed to put food on the table. Now they're mad I turned this around on them. So far the last 2 years I'm +3500 or more each year. You just have to hangout at different bars/poker clubs and use other peoples cc's(of course cut them in) so you don't get a bad image
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    Good deal dontknowhow, you know whats up. It's these small edges that can turn a losing season into a winning one. 99% of people are going to lose without some sort of system edge. It's a shady business on both ends, you just have to beat them at their greediness. We all know they prey on anyone(a lot of degenerate parents) who they can profit from......

    I was a problem gambler with 2 kids for a couple years and they would take my last $100 regardless if I needed to put food on the table. Now they're mad I turned this around on them. So far the last 2 years I'm +3500 or more each year. You just have to hangout at different bars/poker clubs and use other peoples cc's(of course cut them in) so you don't get a bad image
     
    becky123
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    Posted: May. 5, 2014 - 2:55 PM ET #38

    u just have to have good luck sometimes

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    u just have to have good luck sometimes

     
    thorpe
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    Posted: May. 5, 2014 - 3:41 PM ET #39

    Quote Originally Posted by dontknowhowtobe:



    Tell me ...
    Can discipline help me to know whether the Pacers and Washington would score OVER or UNDER a total points of 183.5 ?

    Could discipline help you to know that San Antonio would win by over 20 points?

    What discipline has to do with any of this?
     

    Discipline doesn't help you pick winners.  Discipline keeps you in the game the longer when you lose.

    For example,:

    Let's say you win 55-60% of your wagers.  If you make 4 bets a night, and put 25% of your bankroll on each, then that is a lack of discipline.  Eventually (after a month or so), you will go 0-4 one night, and your bankroll will be 0.

    If you bet a small percent of your bankroll each night, the chance of going bust is almost non-existant, and your 60% winners will make you a lot of money over the long run.
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    Quote Originally Posted by dontknowhowtobe:



    Tell me ...
    Can discipline help me to know whether the Pacers and Washington would score OVER or UNDER a total points of 183.5 ?

    Could discipline help you to know that San Antonio would win by over 20 points?

    What discipline has to do with any of this?
     

    Discipline doesn't help you pick winners.  Discipline keeps you in the game the longer when you lose.

    For example,:

    Let's say you win 55-60% of your wagers.  If you make 4 bets a night, and put 25% of your bankroll on each, then that is a lack of discipline.  Eventually (after a month or so), you will go 0-4 one night, and your bankroll will be 0.

    If you bet a small percent of your bankroll each night, the chance of going bust is almost non-existant, and your 60% winners will make you a lot of money over the long run.
     
    StAnLeYxD
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    Posted: May. 5, 2014 - 3:42 PM ET #40

    Down -$2,000 last month
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    Down -$2,000 last month
     
    risktaker
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    Posted: May. 5, 2014 - 4:23 PM ET #41

    i keep losing my behind even when i win i lose
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    i keep losing my behind even when i win i lose
     
    dontknowhowtobe
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    Posted: May. 5, 2014 - 6:10 PM ET #42

    Quote Originally Posted by thorpe:


    Discipline doesn't help you pick winners.  Discipline keeps you in the game the longer when you lose.

    For example,:

    Let's say you win 55-60% of your wagers.  If you make 4 bets a night, and put 25% of your bankroll on each, then that is a lack of discipline.  Eventually (after a month or so), you will go 0-4 one night, and your bankroll will be 0.

    If you bet a small percent of your bankroll each night, the chance of going bust is almost non-existant, and your 60% winners will make you a lot of money over the long run.


    Try flipping a coin 100 times, guessing whether it would be heads or tails ... but each time you flip deduct 10% from your betting unit.

    For instance if you bet $50 each time then deduct $5 ... why? because when you bet on NBA or similar sports you automatically lose that 10% each time you bet.

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    Quote Originally Posted by thorpe:


    Discipline doesn't help you pick winners.  Discipline keeps you in the game the longer when you lose.

    For example,:

    Let's say you win 55-60% of your wagers.  If you make 4 bets a night, and put 25% of your bankroll on each, then that is a lack of discipline.  Eventually (after a month or so), you will go 0-4 one night, and your bankroll will be 0.

    If you bet a small percent of your bankroll each night, the chance of going bust is almost non-existant, and your 60% winners will make you a lot of money over the long run.


    Try flipping a coin 100 times, guessing whether it would be heads or tails ... but each time you flip deduct 10% from your betting unit.

    For instance if you bet $50 each time then deduct $5 ... why? because when you bet on NBA or similar sports you automatically lose that 10% each time you bet.

     
    TreyInventor
    TreyInventor
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    Posted: May. 5, 2014 - 6:14 PM ET #43

    I cashed out 1k two weeks ago and thx to floyd Mayweather cashed out 1400 today. I have lost in the past but honestly have had a positive yr thus far. Gambling has its ups and downs. I am a 50-100$ gambler most of the time so even if I lose a LOT its usually all my house $ and maybe I'll lose my $100 deposit until I reload again. Im not one of those guys who bets 1k a game so if I lose my attitude is so what, fuk it, its just money and if I lose a few hundred thru the yr at least it was fun!
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    I cashed out 1k two weeks ago and thx to floyd Mayweather cashed out 1400 today. I have lost in the past but honestly have had a positive yr thus far. Gambling has its ups and downs. I am a 50-100$ gambler most of the time so even if I lose a LOT its usually all my house $ and maybe I'll lose my $100 deposit until I reload again. Im not one of those guys who bets 1k a game so if I lose my attitude is so what, fuk it, its just money and if I lose a few hundred thru the yr at least it was fun!
     
    oilers4eva
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    Posted: May. 5, 2014 - 6:27 PM ET #44

    I started around march madness a new bankroll of 100. I got up to 600  and cashed out 400. I had 200 and have built it up to 1120
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    I started around march madness a new bankroll of 100. I got up to 600  and cashed out 400. I had 200 and have built it up to 1120
     
    oilers4eva
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    Posted: May. 5, 2014 - 6:31 PM ET #45

    I work 8 hours a day and don't expect to get rich. but if im careful I can regularly get paid like I have a second job
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    I work 8 hours a day and don't expect to get rich. but if im careful I can regularly get paid like I have a second job
     
    Michail1990
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    Posted: May. 5, 2014 - 6:40 PM ET #46

    I am on the University at my 23 age. I bet a lot, the most NBA because I love basketball. I don´t have work, I have everything I want not thx to my parents. I have about 50 000 bucks per year as a profit. My highest bet was for 30 000 bucks (4x times) and I lost 2times that amoung of money on tennis at grand slam. I am scorpio and I destroy chairs in the kitchen after that lost.

    Nice to meet You :D
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    I am on the University at my 23 age. I bet a lot, the most NBA because I love basketball. I don´t have work, I have everything I want not thx to my parents. I have about 50 000 bucks per year as a profit. My highest bet was for 30 000 bucks (4x times) and I lost 2times that amoung of money on tennis at grand slam. I am scorpio and I destroy chairs in the kitchen after that lost.

    Nice to meet You :D
     
    Michail1990
    Michail1990
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    Posted: May. 5, 2014 - 6:43 PM ET #47

    I do bet on bet365, pinnacle and at my bookies at my country, but It´s almost impossible because they limited you so much.
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    I do bet on bet365, pinnacle and at my bookies at my country, but It´s almost impossible because they limited you so much.
     
    CaptYossarian
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    Posted: May. 5, 2014 - 6:54 PM ET #48

    from age 14 to 21, I'm pretty sure that I was a losing player. Whatever profits I'd make off of poker would be lost to sports and vice versa. But ever since then,  I was able to put together a 45k bankroll (30k for sports and 15k for cards) through work, savings and money from my grandparents. I haven't looked back since. 

    I've been in the positive for the past four years and a half but it still hasn't made up for a lifetime of not managing my bankroll, tilting, carelessly spending bankroll money on frivolous sh!t teens and folks in their early 20s spend on.


    In conclusion. Just live below your means for a 2-3yr period and pinch every penny where ever you can in order to build up a proper bankroll. The sort of bankroll that'll allow you to wager $400-600 a unit. Otherwise, you're wasting your time.
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    from age 14 to 21, I'm pretty sure that I was a losing player. Whatever profits I'd make off of poker would be lost to sports and vice versa. But ever since then,  I was able to put together a 45k bankroll (30k for sports and 15k for cards) through work, savings and money from my grandparents. I haven't looked back since. 

    I've been in the positive for the past four years and a half but it still hasn't made up for a lifetime of not managing my bankroll, tilting, carelessly spending bankroll money on frivolous sh!t teens and folks in their early 20s spend on.


    In conclusion. Just live below your means for a 2-3yr period and pinch every penny where ever you can in order to build up a proper bankroll. The sort of bankroll that'll allow you to wager $400-600 a unit. Otherwise, you're wasting your time.
     
    GeneCam27
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    Posted: May. 5, 2014 - 8:03 PM ET #49

    Quote Originally Posted by dontknowhowtobe:



    Sorry to hear what you went through.
    How are things better now?

    I'm not mad at all..... it was my fault I'm kinda glad it happened. It was a good experience. 

    I'm betting less like an idiot and trying to pick correct spots. I knew about sports and all that shiit but never bet because there was no need to. I would make steady money on side playing poker after work.... no need to do anything else. Now no more poker.... its coming back soon I believe. I really hated playing in grimey shady under ground spots around NYC. AC was pretty close but i got tired of spending my weekends at the tables all the time. 

     If you start betting too loosely you're going to experience a higher rate of variance. It's really up to you if you can take the swings then you can bet more games, if not then have a much tighter approach and limit your bets. Parlays and all that stuff is made to sucker you in as it severely decreases your odds at winning.... which is what they want. 

    Again you need to really understand your style. The number one thing is to learn how to lose money. If you're willing to part with your money and not have it change your mood then that's a really good thing. I learned that through years and years of playing poker. Took a break after i gave away my money to the bookie and started rebuilding my bankroll. I think im about a little over 5K since January.... that's when I was completely cleared of whatever I owe. I don't bother with records and all that shiit. i'm not playing against anyone. You start following a record it starts swaying from makign proper decisions. you won't even know but now you're gonna be pressured to try to stay at 60% or whatever you wanna be around at and it might hinder your thought process to make a proper decision. 

    The Captain is right^^^. Aside from discipline the other most important thing is to have a bankroll. Without a roll you're pretty much dead in the water. Doesn't matter how good you are at picking winners. No money means scared money. Scared money dont make money. Nothing is ever gauranteed. You can flop the nut flush to be runnered by a straight flush..... the dumbest shiit will happen and a huge bankroll lets you not even worry about when it does happen. 
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    Quote Originally Posted by dontknowhowtobe:



    Sorry to hear what you went through.
    How are things better now?

    I'm not mad at all..... it was my fault I'm kinda glad it happened. It was a good experience. 

    I'm betting less like an idiot and trying to pick correct spots. I knew about sports and all that shiit but never bet because there was no need to. I would make steady money on side playing poker after work.... no need to do anything else. Now no more poker.... its coming back soon I believe. I really hated playing in grimey shady under ground spots around NYC. AC was pretty close but i got tired of spending my weekends at the tables all the time. 

     If you start betting too loosely you're going to experience a higher rate of variance. It's really up to you if you can take the swings then you can bet more games, if not then have a much tighter approach and limit your bets. Parlays and all that stuff is made to sucker you in as it severely decreases your odds at winning.... which is what they want. 

    Again you need to really understand your style. The number one thing is to learn how to lose money. If you're willing to part with your money and not have it change your mood then that's a really good thing. I learned that through years and years of playing poker. Took a break after i gave away my money to the bookie and started rebuilding my bankroll. I think im about a little over 5K since January.... that's when I was completely cleared of whatever I owe. I don't bother with records and all that shiit. i'm not playing against anyone. You start following a record it starts swaying from makign proper decisions. you won't even know but now you're gonna be pressured to try to stay at 60% or whatever you wanna be around at and it might hinder your thought process to make a proper decision. 

    The Captain is right^^^. Aside from discipline the other most important thing is to have a bankroll. Without a roll you're pretty much dead in the water. Doesn't matter how good you are at picking winners. No money means scared money. Scared money dont make money. Nothing is ever gauranteed. You can flop the nut flush to be runnered by a straight flush..... the dumbest shiit will happen and a huge bankroll lets you not even worry about when it does happen. 
     
     
    greengrocer
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    Posted: May. 5, 2014 - 8:08 PM ET #50

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