I heard lots of stories online that there are people who are making a living in sports betting, and honestly it really inspires me that's why I'm still gambling now. So I'm just curious, do we have members of the forum here that are making a living in sports betting? Can they share some inputs on how to be successful like them?
I hope they will share so we will know if it's really possible. I mean, as the saying goes, casinos always win because they have the advantage, so how come people are making a living in sports betting?
There is a difference between sports betting and casino games, in the casino all the games are designed with a house edge. Which means that the chances for the casino to win is higher than our chances. With that the casino ensures to be profitable long term as the more people gamble the more closely will the profit be to the expected values of the games. In sports betting we are placing bets against our people, the bookmaker takes a fee for each bet but he doesn't care much which team is going to win or lose. The bookmaker wants as many people to place bets as possible. So far I haven't met anybody who is making a living out of sports betting. Some friends of mine have been very successful with sports betting in the past and made a nice profit, but none of them would consider making it their career. Having a normal job guarantees we are getting paid every month our fixed salary, with gambling and sports betting our income will fluctuate a lot. In my opinion we need to have another form of income that at least lets us cover our fixed monthly costs, and use sports betting or gambling as a side business for making additional money.