Here are my thoughts on sports betting: it can be done! Haha this is contrary to all I’ve said so far but still I won’t delude myself into thinking sports betting is the way I should take in my life!
What I mean by it can be done is that any experienced sports bettor more or less is in position to double his/her bankroll but the problem is we never stop there. We gamble till we really win so big that we start to realize wow this is a hell of a lot money or till the balance becomes $0.00! In 98% of the cases it’s the latter!
I’m 100% sure that if I have really big bankroll like $100,000 by betting professionally 1 bet = 1%-3% of my bankroll within 1 season which lasts 9 months (in football(soccer)) I can turn that $100,000 into $200,000. In fact it could only take me a few month and not full season. I know it’s doable because in 90% of the cases I manage to at least double or go x5 of my deposit before things start to spiral out of control due to losing streak and attitude “heck, it’s not a lot of money anyway I’ll bet more aggressively and recoup my losses or simply die like a hero”.
I’ve tried to bet professionally and indeed I managed to come out as a winner (even on losing streaks I would remain super cool and calm) but the thing is it’s not worth it if the bankroll is small like it was in mine case and I assume in majority cases. You can’t turn $100 or $1,000 into $100,000 and that’s exactly what we sports bettors want hence that’s why we always lose in the end! To earn a living from sports betting you need savings of $150,000 to live comfortably, pay bills etc. have a plan B in case betting career fails + $50,000 bankroll exclusively for betting. In such instances I’m gonna make it lol. Now we come to the 1 million dollar question: is it going to be worth it in the end? Gambling is a lonely profession. Bankroll swings are surely going to cause some stress, the social life is going to be affected, I don’t think any wife would like to have a gambler for husband, constant lies about our profession (even winning bettors are reluctant to admit to others they are professional gamblers because they know they’ll get judged by people).
In the grand scheme of things there are more reasons not to do sports betting for a living than to do it! Anyone who is in position to have a bankroll of $50,000 or $100,000 for sports betting is probably doing good in life and does not need to gamble!!! Such amount of money can be invested in much smarter and less riskier business though everything in life is a risk more or less!
Anyway, I’m not talking myself nor you or anyone else into giving a shot at sports betting! I’m giving reasonable reasons why we fail – because we want too much! It is not necessarily greed but an illusional desire to deposit small and win huge. Basically we bet with money we can’t afford to lose. Scared money never win in sports betting!!!
Here is my awesome philosophy regarding sports betting: give me a bankroll of $500,000 and I’ll turn it into $1,000,000, put me on a bankroll of $10,000 and I will 100% fail to turn it into $510,000 although in both cases the profit is +$500,000. The reason for this is simple: money loves money. The math is also very simple: from half a million to 1 million you need to win x2 of your bankroll, from $10K to $510K you need to win x51 of your bankroll.
It may seem like I’m still delusional and like I don’t want to learn the lesson lol but it’s not like that at all! Bookmakers are vulnerable when it comes to sports betting. They can’t control or fix any game, they do take a good beating on some games!
“The sportsbook doesn’t beat you. It just gives you the opportunity to beat yourself.” I love this quote it is 100% true! 🙂
Anyway I can write volumes on the subject of sports betting, just dare to challenge me. 🙂
For now I’m staying with clear and sharp mind: all bets are off for me for indefinite time!!! If I ever return to sports betting I’ll post in this journal.
I do realize even if I’m successful in sports betting it will not give me the life I will get by simply being a non-gambler! That’s one reason plus all bets to stay off for a very long time, preferably for life!