Realistically, you can’t expect to make any money whatsoever from sports betting. That’s just the cold, hard reality of it. For the vast majority of people that bet on sports, it is pure entertainment for them. That is all they can ever hope to get out of it. Just entertainment.
They go with their gut. They remember last week’s game and how good their team was, and they bet emotionally. They fall for handicapper’s marketing claims, spending their hard-earned money on somebody else’s opinion (an opinion which was never any better than what you can come up with on your own), and they inevitably lose … yet again.
That’s the reality of sports betting. That’s why Las Vegas exists. That’s why sportsbooks exist. They exist because it’s a business designed to take your money, and provide a thrill in return. Entertainment. An adrenaline rush. It’s no different than you paying money to get drunk, or drive a fast car, or go bungee jumping.
Hey, I’m just being honest here. The cold, hard truth, no matter how tough it may be to hear. And ya know what? For the majority of people that bet on sports, they are completely okay with that. They see it as a form of entertainment. It’s their drug of choice. And there’s nothing wrong with that. But I want more.
Every single sports bettor in existence has wondered at one time or another if they were good enough to actually be able to bet on sports for a living. What kind of life would that be, huh? No bosses to worry about, no traffic to deal with, no co-workers, no endless meetings. Just wake up, do whatever you want to do, place your bets for the day, maybe watch a game or two. Have a couple of drinks. Fuck your wife. Sleep. Do it all over again the next day. Sounds great, right?
But then reality sets in. It always does. Betting on sports is one of the hardest ways to make an “easy” living. But it can be beat. It can be done. It will require an edge. It will require discipline. But it can be beat. This blog is an experiment to do just that.
To make the kind of income that it requires to live a relatively stress-free lifestyle, from sports betting, requires a significant bankroll. You will never be able to make a living from betting on sports if all you have to invest is $1,000. It can’t be done. You would need to win a parlay that paid out a huge return on your buy-in, just to build the bankroll needed to sustain your business.
I know that I’m starting with a $2,000 bankroll, but I’m also fully aware that it will take years before I will be able to quit my job and do this for a living full-time. As long as you’re aware of what a realistic time-frame is, and you have the patience and maturity that is required to make it in this business, then you have a shot at making it.
It’s not a game. It’s not a hobby. It’s not something you get drunk and do. It’s a business. It has expenses, and it has income. You must treat it as such. You wouldn’t show up drunk at your day job; you would probably get fired over it. Sports betting is no different. You almost have to erase the thought of gambling from your mind. You’re not betting on sports. You are trading assets. You’re buying low and selling high. It’s no different from investing in the stock market.
Handicappers would have you believe that you can make $10,000 in a weekend. No doubt, it’s absolutely possible – if you’re starting with a $25,000 bankroll and go on one hell of a streak. They do happen, definitely, but get ready for the losing streak that’s coming up right after it that’ll take away half of what you made.
That’s where discipline comes into play. There’s no place for emotions in sports betting. Only discipline. You don’t have discipline, you don’t play the game. It’s that simple.
Just this past weekend, I went on a crazy winning streak. Every thing that could possibly go right, went right. The moon and stars aligned perfectly. It was like getting served a plate of ribs, with a rum n coke on the side, and getting your dick sucked, all while watching Rambo. It was that kinda weekend. I won 70% of my bets, made 4 hundred bucks profit and close to a 37% ROI. I could’ve just as easily lost $400, though.
I’m fully prepared for that losing streak to happen. I do not bet emotionally. I have discipline. I follow the rules that I laid out in the beginning. They don’t let me down. Math never lies. It can’t. I put my trust in math. Always trust numbers.
I started this blog/experiment with a $2,000 bankroll. It hasn’t even been 2 weeks yet, and my bankroll has grown nicely. I made a grand in 2 weeks. That feels awesome just saying that out loud. If I can keep growing this steadily, I’ll easily be able to quit my day job, working as a cubicle monkey, asking for permission to go eat, and when I can go home.
My total cumulative ROI right now, as of the date of this article, sits at 46.45%. There is no way on God’s green earth that I can sustain that number. That would mean that if I put $100,000 into action (and that’s the total amount of risked money added up over time), that I would net $46,450 in profit, based on current ROI.
Let me further explain real quick what I mean when I say that you’re risking a total amount of money over time. Let’s say you bet $100 on one game, every day, for a month. You risk $100 on the first day, $100 on the 2nd day, etc. After 30 days, you’ve risked a total of $3,000. You never risked $3,000 at any one time. Hell, your bankroll might just be $500. But you’ve still managed to put into action a total of 3 grand. And going with my 46.45% ROI, that would produce a net profit of $1,393.50. Math’s great, ain’t it?
There’s another blog that I follow, Daily25.com, and he’s doing the exact same thing that I am, except he’s over in Australia, more focused on different sports. I focus on the American sports, because, well, I’m an American. His ROI, over the past 6 years, is 1%.
Over the past 6 years, he’s risked a total of 28.4 million dollars, and he’s made a net profit of $284,000. His average daily profit currently sits at $126.45. That’s $3,800 a month. 45 grand a year. You can definitely make a living on 45 grand a year, and it will only get better year after year, as your bankroll increases over time.
So back to what I was saying. I’ve been following along Steve over at Daily25, and his initial goal was to make $25 a day from betting on sports. Now his goal is $250 a day in profit. He started with a $50,000 bankroll. Over the past 6 years, he’s turned that $50,000 bankroll into almost $285,000. That’s just crazy.
To put that into perspective, based on the numbers on his site, if he had put that same $50,000 into an index fund, he would now have about $77,000. If he had put the $50,000 into a regular savings account that paid interest, he would now have $62,500.
As you can see, sports betting can definitely pay off, provided that you have a few tools at your disposal:
You need all 3. Not 2/3. All of them. 100% is what it takes to make it in this business. Not 75%. 100%. You can’t half-ass it. You’re either in, or you’re out. I’m in. I’m 100% in. If Steve at Daily25 can do it, then I damn sure can do it, too. He did it by paying for picks from 1 handicapper that developed a killer system. I developed my own killer systems, and I pay for picks from 1 handicapper (so far; I will be adding on 2 additional handicappers in the coming year).
I will most definitely update this article in the future, as I get more concrete numbers for you. I’ve given you the stone-cold facts. I’ve shown you an example of a guy that’s done it for the past 6 years and now makes a very respectable income from his blog.
[su_highlight background=”#fff717″]I’m next. If another man can do it, so can I.[/su_highlight]
[su_highlight background=”#fff717″]And if I can do it, so can you.[/su_highlight]
Steve firmly believes that most meals can be improved with mac n cheese. When he's not helping people make money betting on sports, Steve loves mountain biking, playing video games with his son, & annoying his wife. Oh, and he's a big Dallas Cowboys fan. Don't hate.