[ramkobe]

Originally Posted by Raiderman

I watched a YouTube video on this today that did the basic math...

IF you could win 55% of your games (which would make you one of the best bookers in the world), and wanted to make $50K profit per year (a reasonable amount to live on if you didn't need any frills), you would need to have about $30,000 to start at a 3% bankroll bet, and bet about 3 times per day. I can't find the video at the moment, but the math seemed to make sense.

So as long as you are one of the best sports gamblers in the world, have at it!

I'm beginning to think maybe I should delay the move until I can get my bankroll over $20k.

[ScoopLV]

Originally Posted by ramkobe

I'm beginning to think maybe I should delay the move until I can get my bankroll over $20k.

The only difference is that you'll end up losing more that way. Face it, the casinos take 100% of your money when you lose, and they return less than 100% when you win. Individuals can make gains for awhile. But if you want to become a professional gambler, first take (and pass) a bunch of probability and statistics classes.

If you do, you won't want to become a professional gambler anymore.

[MSchu]

Originally Posted by ramkobe

I'm beginning to think maybe I should delay the move until I can get my bankroll over $20k.

to be brutally honest, 20k BR is pretty small...

+1 for game theory/probability classes or studies if you are serious, and you can do that from California.

[Willy702]

Originally Posted by ramkobe

All touts are losers in the long term. Which is why they charge for picks cause they know they never win.

Afterall, if they won as much as they claim, why do they need to charge for picks?

Most, but not all are losers. Those who heavily market are mostly big liars, at least you have figured that out. There are some who do a decent job and win more than they lose. Unfortunately they get drowned out by the true touts saying they win 80%.

[MSchu]

They make money the old fashion way... they EARN IT.

[BBMW]

You should move to Vegas, get set up, and GET A JOB, so you have a source of income BESIDES the sports betting. THEN give it a shot. If you have a job that minimally covers your expense, and you can also get the income from the sports betting to the point where it could minimally cover your expenses, you'd actually be doing pretty well.

Originally Posted by ramkobe

I'm beginning to think maybe I should delay the move until I can get my bankroll over $20k.

[BBMW]

There are advantage plays in sports betting (line arbitrage, getting inside info on teams, etc.), but one guy trying pick winners and losers isn't using them.

Originally Posted by ScoopLV

The only difference is that you'll end up losing more that way. Face it, the casinos take 100% of your money when you lose, and they return less than 100% when you win. Individuals can make gains for awhile. But if you want to become a professional gambler, first take (and pass) a bunch of probability and statistics classes.

If you do, you won't want to become a professional gambler anymore.

[MSchu]

use a dart board... I bet it's more accurate.

[Onlyliveonce]

Approximately 25% of my NFL wagers are Middle wagers. There is sooooo much value middling 3 points in the NFL. I will also wager on other numbers, but the 3 offers the most value.

[Geneyus]

You live with your family and you go to Vegas to gamble 2-3 times per week?

How about getting a job and moving out on your own? You also said you often blow money as soon as you win it, which sounds like poor money management and lack of responsibility. I hope you're a teenager.