Anyone genuinely made money betting on sport

[sohohoho]

If his average winning odds are 5.06 then his losing odds are likely even higher.
Quite easy to win what he did when only hitting 24% of his bets when prices are this

 

[rumply]

I know whos losing money - ****ing Gill McLoughlin goes to Tabcorp & now we cant get bets on, for the 2nd time this week. Miniscule pools across the board today so someone will be getting their ass kicked up & down a plush carpet hallway.

 

[imtall]

I think long run it is very difficult to make money sports betting. A lot harder these days as bookies slash their odds due to increased taxes etc.

A few years back I had some mild success betting on greyhounds with pointsbet. They weren't pricing up their same race multis properly. Some dogs are great chasers, but never win...I was betting outsiders to place and did ok for a few weeks until I was banned from that specific market.

Some of the AFL odds I have seen this year have been borderline disgraceful, especially on the exotics. Players priced up as $1.50 to take 8 marks when this bet has copped 2 times out of the last 20, for example.

Anyone making money in one season is almost certainly due to luck. The edge is soon gobbled up by the bookies and their data miners.

 

[Jammer]

A slightly different angle to add to this. I did it for a couple of years more than a decade ago. If you are any good
you will be banned pretty much everywhere with the corp. bookies. Betfair for me was great but you do run
into issues with liquidity on markets you may have the edge in.
I made enough for those years which may look like a success on paper however here is the rub....

It was shocking for my relationship/family life. It takes so much time and commitment to get an edge. Most of the guys i knew who also did it were single or in pretty non committed relationships.... ( I would imagine the fellas on here who win are in a similar situation )

I moved onto learning/doing basic two lot subdivisions in real estate. Less time, risk, stress and far more lucrative when you skill up. In saying all this i still have the 'virus' the difference is i would only have about 6 bets a year now.

 

[superfraser]

A slightly different angle to add to this. I did it for a couple of years more than a decade ago. If you are any good
you will be banned pretty much everywhere with the corp. bookies. Betfair for me was great but you do run
into issues with liquidity on markets you may have the edge in.
I made enough for those years which may look like a success on paper however here is the rub....

It was shocking for my relationship/family life. It takes so much time and commitment to get an edge. Most of the guys i knew who also did it were single or in pretty non committed relationships.... ( I would imagine the fellas on here who win are in a similar situation )

I moved onto learning/doing basic two lot subdivisions in real estate. Less time, risk, stress and far more lucrative when you skill up. In saying all this i still have the 'virus' the difference is i would only have about 6 bets a year now.

That's a brilliant post and hits close to home.

Across the past 4 years I've won approximately 16x my starting stake, but I'd probably have made more money and spent less time on it if I'd taken a second job at McDonalds.

 

[juss]

A slightly different angle to add to this. I did it for a couple of years more than a decade ago. If you are any good
you will be banned pretty much everywhere with the corp. bookies. Betfair for me was great but you do run
into issues with liquidity on markets you may have the edge in.
I made enough for those years which may look like a success on paper however here is the rub....

It was shocking for my relationship/family life. It takes so much time and commitment to get an edge. Most of the guys i knew who also did it were single or in pretty non committed relationships.... ( I would imagine the fellas on here who win are in a similar situation )

I moved onto learning/doing basic two lot subdivisions in real estate. Less time, risk, stress and far more lucrative when you skill up. In saying all this i still have the 'virus' the difference is i would only have about 6 bets a year now.

Probably true, when I was betting my most, I was watching sport most of my free time, at a certain point your partner kind of wants more and you can't just be parked in front of the couch watching sport all day and night on weekends.