I earn a great living solely off Sports Betting in a family full of Alcoholics and Complusive Gamblers. Young entrepreneur, mathematically profiting off of the same Vice that has destroyed many people in my family. The key to long term profit in Sports Betting is through Arbitrage. Here's an example of how it works.

Hypothetically speaking say the Chicago Cubs were playing the Chicago White Sox tomorrow I'm a Chicago guy, what can I say , the initial line could look something like this. For those of you unfamiliar with "Vegas Lines", it's really simple. Everything is base The lines will look like this: Look at Book 4 and Book 5. There's a formula too so you can change the wagers to be guaranteed equal profit no matter who wins. You need to write a book on how to make money off of gambling on sports man.

I would surely read it. Thanks, I appreciate it. I've always loved math and statistics, strategy games was a pretty good Chess player back in the day , Sports, and, of course, making money. It just kind of all fell into place. Yeah, you have to definitely do some work to find an edge.

It's not just Log On, Find Sure Thing, Go back to bed. Here's an example of a bet I just made today. In the below link, you can see that Houston started off this morning as a Favorite over Portland.

Since Portland is battling injuries and got destroyed last game, I figured the public would be on Houston. Once Portland's line surpassed Houston's initial , I had a guaranteed profit.

Here's a crude MS Paint Line Graph below to explain kind of what I'm talking about. The difference in odds between favorite and underdog will always be there. Nearly all of the time, other books will have similar, if not, identical odds. When you allow the lines to move and shift, once the underdog line or vice versa passes the initial plane of the favorite line, you'll be guaranteed a profit.

Since there's very little in the total pot, the lines tend to dance around in the early stages. Clearly, everyone is on Houston, just more magnitude at Book C. Once the Money Lines drop, I'm going to make, as you said, an educated bet on Houston's Moneyline which corresponds to -6 on the assumption that Houston will become a -7 or higher in time thus creating an opportunity to bet the underdog.

Sportsbooks offer ONLY Spread Lines for a few hours that one can use to analyze the direction and magnitude of line movement before the Money Lines drop. Shoot me a PM if you have any questions about Aussie bookmakers. I work for one here and have accounts with most of them.

Make money on football betting - Is it possible?

I've analysed nine separate betting agencies Australia on a few occasions across a variety of fields, and I'm yet to come across a bankable combination. Let me fix that for you automated comment unflipper FAQ. Anything I can make guaranteed profit on. It is a Catch 22 though. The bigger leagues NFL, NBA, MLB, NHL have more people wagering on them, so the odds of finding lines that differ between sports books is tougher.

This is because the betting line only moves when too many people are wagering on 1 side. As long as Vegas has close to equal action on each side, they profit every time. The lesser known sports, have less money wagered on each game, so it's easier to spot vastly different lines between different sports books.

The problem though, is that I really don't know a whole lot about Russian Soccer, Cricket, or any other obscure sport, so it become harder to predict which way the line could potentially move in those sports.

Major Sports - Harder to find an initial guaranteed Arbitrage, easier to predict future line movement. Obscure sports - Easier to find a guaranteed Arbitrage, harder to predict future line movement.

For every 21 bets, you need to win 11 just to break even. Keep sports betting as "Entertainment" and you will be fine. I don't have experience with it personally, but it sounds like a good way to hedge your bets, if I'm reading it correctly.

You either get the line you want, or you have no obligation to bet? So, hypothetically, if the Line is , I could set my odds for "" and anyone who still wants to take my line can then bet against me? Australia is home to countless betting agencies offering action on just about every sport on the planet.

No matter where you live, youre only a 10 minute drive from a betting terminal, not to mention phone services. As i understand it, sports betting is only legal in some U. Do you do most of your business in Vegas? I'm guessing you mean 'Fun' as different or unique. Get 3 buddies together and list the teams.

Draw the 4 names out of a hat. You guys all write how much you think each team will win by or lose by on a piece of paper. It's like a silent auction. Another method, agree upon a number, say 10 points. You and your buddies have to pick the Final 4, but also use up the 10 points. Miami was dealing with minor injuries and I felt like the line would move in that direction.

Then out of NOWHERE, both Dwyane Wade and LeBron James are out for the game Easily the 2 best players on Miami, and arguably in the whole NBA.

Miami went from an 8 point favorite to a 2 point underdog. To say I shit myself would be an understatement.

I earn a great living solely off Sports Betting in a family full of Alcoholics and Complusive Gamblers. AMA : IAmA

I knew the line would move, but a 10 point swing is unheard of. Not bad for a few hours of work, but you have NO IDEA how hard it was to not just "Let It Ride" with New York.

How To Make $250,000 Betting On Sports

Not too often do you get better than 3-to-1 odds on a favorite with that much money in the ring. I'll usually do this when I'm going to a game, or watching a big game with friends Or if I'm doing something boring with the girlfriend to give me an excuse to check my phone for scores every 2 minutes. Back when Derrick Rose Now PG of the Bulls was on the University of Memphis, they played the University of Tennessee that year.

Memphis was undefeated 1, Tennessee was 2. They ended up winning in thrilling fashion. The funny this is, he couldn't watch the game because he had to work a 4 hour shift for minimum wage. I asked him what he would do if he lost, and he just said, "I never thought about that.

I'm just getting into sports betting and really don't know where start. Think of it like this: Basically this has to do with Risk Management, and the fact that most people have no idea how to figure out the probability of sequential events. What are your go-to sports? I know that it must be hard to find meaningful differences between the lines of sports books for major sports and events.

What smaller sports tend to give you the ability to do what you do? Believe it or not, College Basketball has given me some great lines recently. It's a combination of people having little to no knowledge of the Small schools playing Think Florida Gulf Coast combined with the sheer magnitude of frantic March Madness Betting.

I have no statistics to back up this claim, but I'd be willing to bet the average March Madness Tourney Game gets at least 10xx the amount of action that a regular season game does, especially for some of these smaller schools. Go to the 'Live Odds' under whichever sport you want to look at and they show the current lines at like different sports books.

They also show what the Opening Line was so you can kind of see how much the average line moves, and they also offer a Line Graph to plot the change in line over time. Best thing to do is to understand line movement. Most lines move in one direction, reach and surpass the even point, then settle back.

So you wake up to So if you were to see the Line Quickly move from to , you can after awhile realize that it's going to keep moving. So you hop on at and hop off once you see it start to bend back the other way at If so, you're guaranteed money! This is quick and kind of explains the Money Line: This says it all - http: I hardly ever see a line where the underdog payout is more than the favorite is ie.

I assume this is where multiple books and paying attention to line movement is key? There's 2 types of bets, there's the "Sure Things" and the one's that rely on Movement. Sure Things make up most of my bets and are the least exciting of all wagers.

The profit is extremely low, but zero risk, so why complain? The movement bets are a little more tricky. Prior to commiting to a game, you always want to pick a book that offers the best value for the favorite along with another that offers the best value on the underdog.

Most of the time, the lines will move equally between books, once the betting starts i. One more for ya You mentioned Russian Soccer, or any soccer or NHL for that matter, I'm curious how that plays out.

NHL brought back the penalty shootout, so no more ties there. I know a team gets a point for losing the shootout still, but it's still considered as a loss in terms of betting. I always loved sports and my parents are big gamblers. My Sundays as a kid involved me watching football while my dad had his picks in front of him with his red pen circling all his losers.

I majored in Economics in college, and I absolutely dominated this Stock Market Game we did one semester, then realized really quickly, trading stocks is just like watching Sports lines move. Buy low, sell high. I wouldn't say were disliked. Also, we're not doing anything wrong. You didn't lie, steal, or cheat the system in anyway.

You just found 2 people with different demands for the same product and made a profitable business decision. Lastly, all each book will see is 1 bet on the given game. One casino will get your full bet when you lose, and the other will still collect "Juice" on your willing wager. I'm in bed, but the short of it is this. By arbing you are continuously taking 'over the odds'. Profitable in the long run for the bettor, not for the bookie.

It's bad business for the bookie to keep these kind of punters around. Sorry about the short answer, but I'll explain this in further detail tomorrow. Look forward to it.

Seems like to me just buying a commodity and selling at a profit at the same time, which I've done, where everyone wins? Now keeping in mind, I am speaking from the point of view of an Australian Bookie whose main focus is Horse Racing. A lot of this won't be applicable to some sports and anything American as from what I understand, Vegas drives most of the lines and don't really take Betfair into consideration.

But here it goes:. Betfair is a place in which you can BACK a horse bet for it to win or LAY a horse take on the role as bookie, taking peoples stakes on various horses, offering them odds. Keep the money if horse loses, payout if horse wins.

Now in Australia, Betfair is the strongest indicator of the market price. It's the best guide and pretty much all bookies and most bettors with half a clue will be referring to Betfair when deciding on what to back.

So as a bookie, I am always looking at Betfair when offering prices on a race. I make sure to stay under whatever Betfair is offering, because if I am giving 5. The following can occur:.

Punter BACKS Horse A with my bookie company: If Horse A wins: If Horse A loses: Now that's traditionally known as a 'back to lay' proposition. It's essentially a free bet, because worst case scenario you will square up, if the horse wins you make a small profit. So in this case:. So just depending on how much you stake and the price you can back and lay, you can either just keep having 'free bets' or ensure small profits each time.

NOW, in saying all of this, you are probably wondering why bookies don't appreciate people who bet like this. Bookies have the right to either restrict someones account eg: This may some unfair and what not, but at the end of the day, bookmaking is a business like any else.

So in saying that, why is arbing so bad? In Australia, if a horses price dramatically shortens on Betfair, that's usually a good indicator that it is going to be running quite well. Obviously it isn't a formality that the horse wins as anything can happen in horse racing or any sport , but considering the amount of sharp punters on Betfair, if people are lining up to take a price about a certain horse, it will more than likely run a good race.

SO, by punters taking a price with a bookie and then laying it back much shorter on Betfair, this proves worrying for the bookie because a The horse has a good chance of winning, and b The punter has taken a much larger price than what the horse started the race at 'Starting Price', which is a much more accurate indication of what price the horse "should have been".

It's 'true price' I guess you could call it. So to have someone continuously take bigger prices than what the SP is, it's pretty obvious that it can't be profitable for the bookie in the long run. If you've got anymore questions, shoot: I hear you, and that's why I was curious.

When you wrote about this I was fascinated so I started a-googlin' and found a few articles on how arbers were being prevented from plying their rather FUCKING AWESOME trade. Just wondering why that was. I really don't know what else I can do or show to "Prove" this. Hopefully what I've written so far and the fact that I have another Website with Sports Info and that I played college football are more than enough to convince you that I love sports and have had success betting on them.

Based on the college sports wagering are you American? And if so what are your feeling on the taxman having his cake and eating it too? How do you feel about the typical sports book gambling vs exchanges? Are they for you any different?

Or do you find neither offers any more real advantage over the other! Sorry I missed this AMA when it was posted. Hope you can still answer some of my questions. How much do you make in a month doing this? And how many games are you able to place bet on each week? After reading this AMA there seems to be some risk involve still. Have lose any money using this method? Thanks for doing this AMA. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.

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I am also a founding member of the Grammy-nominated band Tonic. This is an archived post. You won't be able to vote or comment. Step 1 Watch the lines on multiple Sports Books The lines will look like this: Here's what it would look like Book A: Hou -6 Book B: Hou -7 Since there's very little in the total pot, the lines tend to dance around in the early stages.

I heard about a guy who bet lots of money on 3rd tier Scottish teams and did very well I follow the NFL really closely and I'm considering betting this fall.

Just want to make sure I'm reading this correctly. All on the Internet.

How to Make a Living from Sports Betting - Ways to Make it Possible

Your list could look like: State - Lose by less than 8" "Syracuse - Win by 2" Michigan - Win by 1" The highest bidder gets that 'Team' and corresponding line.

Louisville over Wichita State by 6 points. Michigan over Syracuse by 2 points. Louisville over Michigan by 2 points. Adds a new wrinkle to the basic bracket. Miami went from an 8 point favorite to a 2 point underdog To say I shit myself would be an understatement. Of course, they won too, pretty convincingly. Any teams you stay away from? Since I don't have a crazy story for you, I'll share my old college roomates. Came home, payed off college, and went to sleep.

Create a mental 'Account' and just see how you'd do. But here it goes: The following can occur: So in this case: Incidentally I checked out a website that does automatic arbitrage and was a little confused. Posts are automatically archived after 6 months. Nikhil Sonnad, Thu-Huong Ha. Matt Groening, David X. Cohen, Billy West, John DiMaggio.

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