Is there money to be made by sports betting

[GrayGoat]

Op quickly going down a dark path. Already gave up a college degree looking for a quick buck. I know the nets are bad man but come on lol

[Thorpesaurous]

I have had an excellent run since the start of this past football season. I had UConn to win the national title a couple months ago, and because I live in CT, I had to hop a train into NY just to place a bet on them when their number got big enough.

I stand by my previous logic, which I've been subscibing to for decades, which is to not spread your money around too much. However, with what's available online, there feels like there's just more options to hedge on, and to take advantage of boosted odds.

Fanduel throws out these "profit boost" tokens that allow you to boost the odds of a single bet by some percentage. They're usually capped out at 50 bucks or so as well. Problem is you only usually get one to use on some specific event. I've buddied up with a friend, and we now pool our tokens, and each take a piece to split up. We've had huge payouts on golf. Odds are usually decent even on top end golfers. Rahm for example this past weekend you could still get almost +400 on. Just so much variability. Now usually it'd be a nice spot to hedge, but if you play too many, you're just giving the money back. But with the boosts, we can get four or so guys at the top of the board where if any one of them wins we turn profit.

They handed out three boost tokens open baseball opening day if you placed a straight bet on a World Series winner. Rather than play opening day games with those, you can apply them to futures. Take the NL West where it feels like a two team race between SD and LA, you can boost both of them just to win the division, and if either comes out you make money. And on top of that, you can bet against them late in the season to hedge your money back out of them if you want. Applying the boosts to futures has been a really good strategy so far.

FanDuel also is partnered with Mohegan Sun Casino in CT, and I've found that they're just giving money away if you go through the Mohegan app directly instead of through the FanDuel app. It's the same account and everything. But they have promotions three or four times a week where it's "deposit 50 get 10 in free bets". Just today I think was deposit 100 get 25. Now you can't withdraw the free bets. You have to play them. But if they give you 10 in free bets, you can just go to roullette, take your 10 free bets, play 5 on red and 5 on black, and so long as you don't hit the green, you've converted the free bets into real money. Sometimes you have to bet to get the free bets. Like bet 100 get 20, which is obviously a bigger risk, but if you can stomach it, you can do 50 black and 50 red, again, no green, and you've just bet your 100 without losing anything, take your free bets, and do it again to turn it into real money. It's gotta be 50 bucks a week. And I generally don't play anything on the casino side other than that free stuff.

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[marcotuck]

Hey, I totally get that the allure of quick money can be tempting, especially with sports betting. But it's crucial to approach it with caution. Sports betting can be unpredictable, and the risks are real.

[baudkarma]

I was successful because of the strict rules. I avoid the rough stretches GOBB describes because I end betting the moment it doesn't work out twice or I win enough.

The biggest problem about gambling is when people don't know when to stop. If you win you got what you wanted. It would be retarded to reinvest. If you lose stay away, you'd dig yourself into a bigger hole if you keep on losing.

I was reading through this thread, and was reminded of a joke I heard years ago.

A guy comes into an unexpected windfall. He decides he'll bet on some football games and make even more money. So he lays down some small bets on Friday HS games. He loses every wager.

"No problem" he thinks. "I'll make it all back on the NCAAF tomorrow." So the next day he places some sizable wagers on college football. And loses every one.

By now he's getting desperate. He's burned through half of his found money. "Got to make it all back on the NFL" he tells himself. And he goes nuts... bets the rest of his money wagering on point spreads, over/unders, parlays, prop bets... you name it. And loses all of them.

One last chance to recoup his losses. He empties out his back account, gets a title loan on his house and bets it all on MNF. And loses.

He figures his losing streak has to end sometime. He gets a second mortgage on his house and goes to his bookie. "I have to will all that money back!" he tells the man. "What have you got for me tonight?"

The bookie looks doubtful. "Well... there's a hockey game tonight, and..."

"Hockey!" the gambler explodes angrily. "What do I know about hockey?"

[marcotuck]

Hey, I totally get that the allure of quick money can be tempting, especially with sports betting. But it's crucial to approach it with caution. Sports betting can be unpredictable, and the risks are real.

It's essential to prioritize responsible financial decisions and consider alternatives like exploring apps that pay you to play games. They can be a fun way to make some extra cash without the same level of risk.

[Manny98]

I have developed a strategy that could earn me serious money through sports betting

Once I have built enough to make larger bets I'll be earning 100-150 dollars a day easily

[egokiller]

I have developed a strategy that could earn me serious money through sports betting

Once I have built enough to make larger bets I'll be earning 100-150 dollars a day easily

You’d be better off learning and perfecting the game of poker.

[John8204]

It depends on the sport...Football unless you are betting dogs it's a waste of time. Basketball live betting is the way to go(I make so much money on trash time with the point spreads start hitting 20 pts). But the best sport to bet is MMA. The most important thing about sports betting is to keep a good bankroll, let the money build over time.

[Nanners]

Theres huge money to be made if you know what you are doing...

[berwexin]

The world of sports betting can be quite a rollercoaster, but yes, some folks do manage to make some extra cash. It's all about understanding the game and setting limits.

Speaking of making the most of opportunities, have you ever considered exploring financial options like Equity Release Leeds? They might have some insights to help you navigate the game of finances with a winning strategy!

[Hoon]

Yes, but it's a dangerous one.