WHAT % OF PEOPLE ACTUALLY WIN AT SPORTS BETTING?

THE SHRINK

THE SHRINK

1
On an annual basis, what do you REALLY think the % of people is who net a PROFIT betting on sports?

I'd say it's higher on this forum than other places, but overall, my guess is 5% at most...

What do some of you think?

I know it's been asked before but my hunch is that the number is LOWER than most people think due to poor bankroll management, discipline, and other factors...

Also, let's not forget that the number one reason, IMO, that bookies and gamblers go broke is GREED...

THE SHRINK
 
THE SHRINK

THE SHRINK

1
Yes Sam, I do know a handful of forum posters personally who are WINNERS at sports betting each and every year...

THE SHRINK
 
Glaken

Glaken

1
I would agree that DISCIPLINED forum people do better than the average guy that walks up to the window...
 
BEANTOWNJIM

BEANTOWNJIM

Banned
REALLY SHRINK NAME ONE I CONSIDER MYSELF A SHARP GUY AND I CANT REMEMBER THE LAST TIME I PUT A BOOKIE OUT OF ACTION.MOST GAMBLERS COULD TURN A PROFFIT IF THEY STAUCK TO ONE SPORT HOWEVER WE ARE ALL DEADBEATS AND WE CANT STAY ON ONE SPORT.I THINK I COULD DO VERY WELL IN BASEBALL AND BASKETBALL TOTALS.FOOTBALL FORGET ABOUT IT I SHOULDNT EVEN BE BETTING FOOTBALL.CAN YOU GUYS BELIEVE I BET THE OVER 44 1/2 IN THE SEATTLE AND DALLAS GAME TODAY HOW DO YOU THINK I FELT WATCHING THAT GAME.:hung
 
Hache Man

Hache Man

"Seven Days Without Gambling Makes One Weak"
Glaken said:
I would agree that DISCIPLINED forum people do better tha the average guy that walks up to the window...
Click to expand...

Oh, no doubt about it....

However, not all......

Some just never catch on or will simply never have "it"........

"it" being something that can't necessarily be explained, as some of you know what I'm talking about............... I hope
 
Grand Master B

Grand Master B

2
I think the numbers are higher than 5-10 years ago. Quite a few things from reduced juice to more available information have given players advantages they didn't have before.
 
G

GamblingBrain

EOG Addicted
7-10% maybe. most important thing to win is large bankroll, second is money management, third is picking winners. Need all three and most people cant do all three. You really need to be in a position where you can bet 1-2% of your bank on a play. What percentage of handicappers really do that? Shrink also hit it right on the head that GREED is the number one reason people lose their entire roll, If people were satified to win small % over a long time their would be a lot more winners. That's the difference between the sucessful handicappers and the ones who just gamble. most just gamble.
 
Sound of Silence

Sound of Silence

2
I think it all comes down to discipline. Seeing as most don't hit over 55% long-term, one can assume most don't his below 45% long-term.

If you stay disciplined, shop for the best line, and use proper money management, there's no reason you can't be somewhat successful.

Of course, on weekends where I had Duke, Utah and the Texans, sometimes I feel like its all a lie :)
 
wantitall4moi

wantitall4moi

2
1-2%. I have to think less than 1% if any actually win betting opinionated plays i.e. one way without buying back or hedging.

That 1-2 % is made up of mostly guys buying back or out and out arbitraging the odds.

I have yet to be shown anyone that bets the games on one side, that has won year in and year out for an extended period of time. Maybe a year or two here andthere, but over alifetime guys that bet one way are losing.

Moneymanagement and getting the best number (for GAMBLING) purposes are vastly overrated.

The only way to win is to get odds that make you have a better than 100% probability of winning. And generally the only way to do that is to get 2 numbers that are unequal for the books.
 
BEANTOWNJIM

BEANTOWNJIM

Banned
GRAND MASTER B I KNOW YOU ARE A ROOKIE GAMBLER THE NEW SYSTEMS HAVE HELPED ONLY ONE GROUP AND THAT IS THE LOCAL BOOKIE IN THE OLD DAYS THE F-CKING IDIOTS WHO WERE RUNNING THESE LOCAL SHOPS NEVER EVEN KNEW WHAT TIME THE GAMES WERE ON NEVER MIND THE DON BEST SYTEM.NOW I HAVE NOTICED EVEN MY LOCAL BOY IS GETTING ALL THE CHANGES JUST LIKE THE OFFSHORE BOYS.THE LOCAL GUYS HAVE BENEFITED MORE THAN ANYBODY SINCE ALL THESE GUYS NOW HAVE COMPUTERS AND ADJUST THERE LINES ACCORDING TO THE OFFSHORE NUMBERS.THERE IS NO SUCH THING AS A LINE MOVE ANYMORE.
 
One Putt

One Putt

EOG Addicted
I think 5% is way high. You have to go way under 1% to be realistic. I took action for 15 yrs. and don't remember anyone who won if they played all sports year round. There was less information back then but the lines weren't as sharp either. Good luck to the winners but I have a feeling most of us had better learn how to control our losses and have fun with the betting.
 
Grand Master B

Grand Master B

2
Hache Man said:
Oh, no doubt about it....

However, not all......

Some just never catch on or will simply never have "it"........

"it" being something that can't necessarily be explained, as some of you know what I'm talking about............... I hope
Click to expand...

well said Hache, we all know a guy or two that have been playing for years, they lose every year, and they keep on coming back with the same plays(i.e. college teasers) time after time. In my opinion, you need to learn from your mistakes and evolve into a sharp player. Most people never learn.
 
BEANTOWNJIM

BEANTOWNJIM

Banned
WANTIALL4MOI YOU HAVE ALL THE PERCENTAGES FIGURED OUT WHATS THE % OF ME GOING TO THE BANK TOMORROW AND TAKING OUT 1800 DOLLARS TO PAY MY LOCAL BOY WITHOUT MY LOVELY WIFE FINDING OUT.HUH PAL WHATS THE PERCENTAGE THERE.OH MY WIFE IS GOING TO KILL ME WHEN SHE FINDS THE MONEY MISSING.
 
Grand Master B

Grand Master B

2
BEANTOWNJIM said:
GRAND MASTER B I KNOW YOU ARE A ROOKIE GAMBLER THE NEW SYSTEMS HAVE HELPED ONLY ONE GROUP AND THAT IS THE LOCAL BOOKIE IN THE OLD DAYS THE F-CKING IDIOTS WHO WERE RUNNING THESE LOCAL SHOPS NEVER EVEN KNEW WHAT TIME THE GAMES WERE ON NEVER MIND THE DON BEST SYTEM.NOW I HAVE NOTICED EVEN MY LOCAL BOY IS GETTING ALL THE CHANGES JUST LIKE THE OFFSHORE BOYS.THE LOCAL GUYS HAVE BENEFITED MORE THAN ANYBODY SINCE ALL THESE GUYS NOW HAVE COMPUTERS AND ADJUST THERE LINES ACCORDING TO THE OFFSHORE NUMBERS.THERE IS NO SUCH THING AS A LINE MOVE ANYMORE.
Click to expand...

you're right, James. I am a rookie. I'm probably 20-30 years younger than you. I am trying to learn though, Sir.
 
G

GamblingBrain

EOG Addicted
If you have a large enouhg bankroll, you can win just by playing Phil Steele powersweep plays in a martingale way. You wont get rich doing this but find a book with high enough limits and you can bring in some money for the season. I know he's not perfect but IMO over the last 15 or so years he has been as solid as anyone. Most people wouldnt have fun or be satified playing this way, but the object is to make money
 
wantitall4moi

wantitall4moi

2
BEANTOWNJIM said:
WANTIALL4MOI YOU HAVE ALL THE PERCENTAGES FIGURED OUT WHATS THE % OF ME GOING TO THE BANK TOMORROW AND TAKING OUT 1800 DOLLARS TO PAY MY LOCAL BOY WITHOUT MY LOVELY WIFE FINDING OUT.HUH PAL WHATS THE PERCENTAGE THERE.OH MY WIFE IS GOING TO KILL ME WHEN SHE FINDS THE MONEY MISSING.
Click to expand...

Unless you have $1500 stuffed in your mattress I have to think those odds are 100%

Percentage she literally kills you 0%. Percentage she has Johnny Knockdown give you a beating or run you up the flag pole 60/65%.
 
G

GamblingBrain

EOG Addicted
The problem is, you win $500 one week playing conservative, the next you want more. If your satisfied with a weekly win you can do it...Thier is enough info on the net that an experienced player can beat the house regularily. Making a living off of it is a totally different story
 
Chuck Sims

Chuck Sims

EOG Dedicated
97% of all sportsbettors lose. Thats straight from the Las Vegas Sportsbooks. I would say they would know more than anybody.

At most of the SHIT books its 100% of all sportsbettors lose. Winners are not allowed to play there. Those type of books should be boycotted.
 
Books Worst Enemy

Books Worst Enemy

EOG Addicted
I would guess that the small percentage of players who do win gambling are winning more, individually, than the recreational gambler.

In other words, if the recreational gambler's average wager is $200, the long term winner might be stinging the books for $2,000 per wager.

The difference is bankroll management. When the $200 recreational posts up, they do not post up "more than they can afford to lose." The mindset from the very beginnning is that they intend to lose the money but if they win, that is great. But if they lose it, it's ok too because they can afford to lose it. SO they post up a grand. Following the 2% rule, they would play $20 per play.

Why bother? If you can't win a mortgage payment by the end of the season it isn't worth betting on. So they end up betting 30% of bankroll on the play of the day. They lose. They risk another $330 to win $300 and win. They're now down 3% of bankroll with a 1-1 record. Next thing you know they run into the 1-5 Saturday and they're wiped out...bye bye bankroll.

I live by this rule: SCARED MONEY ALWAYS LOSES.

The player who knows what he's doing knows he can't afford to lose his entire bankroll. If he's going to make any money at all by risking less than 2% of bankroll on a single play the bankroll must be large which makes it something that the average american doesn't have access to...Long story short, it's a completely different mind set.

Later,
Books Worst Enemy
 
W

Wise Guy

EOG Addicted
you only live once

you only live once

GamblingBrain said:
If you have a large enouhg bankroll, you can win just by playing Phil Steele powersweep plays in a martingale way. You wont get rich doing this but find a book with high enough limits and you can bring in some money for the season. I know he's not perfect but IMO over the last 15 or so years he has been as solid as anyone.
Click to expand...

Gambling Brain: you are playing with fire
Phil sometimes goes on losing streaks



As for the percentage who win, I think you guys are all in the general ballpark. It depends upon your definition. In Las Vegas, no question that the number is less than 5%.
 
J

JJGOLD

1
Wanty hit it on the head. No one wins gambling long term betting one side. The 1% that do win do it with middles and scalps so then it is not gambling.
 
D

dogball

EOG Master
"LOWER than most people think due to poor bankroll management, discipline, and other factors..."

That is exactly it, the more i concentrate on this the better my chances of being in the 5% are. It is amazingly difficult losing a big bet on a 56 yd fg with 2 seconds left when u were up 17-0 to do the right thing, and yesterday i did not react professionally. Discipline is everything if you can pick winners
 
Hitman26

Hitman26

EOG Veteran
I would guess about .5 % over the course of their lives, if they give it at least 5 years. Some bookies around here have said that about 10% of their players win on any given football year.
 
ZZ CREAM

ZZ CREAM

EOG Master
Chuck Sims said:
97% of all sportsbettors lose. Thats straight from the Las Vegas Sportsbooks. I would say they would know more than anybody.

At most of the SHIT books its 100% of all sportsbettors lose. Winners are not allowed to play there. Those type of books should be boycotted.
Click to expand...
Are there ANY books left in Vegas Chuck? And if so,who? Thanks.
 
C

Captain Beefheart

EOG Member
What's the difference between a recreational gambler and a pro gambler??
A recreational gamber has a job.
A Professional gambler has a girlfriend who has a job.
 
J

JJGOLD

1
Most people bet for action and just flat out being competitive

Its not about winning

Most would never bbet if they won every week because there would be no rush
 
J

jwunderdog

EOG Addicted
"I would guess about .5 % over the course of their lives, if they give it at least 5 years. Some bookies around here have said that about 10% of their players win on any given football year."

I don't know who these bookies are, but either they don't know what they are doing, or they have the sharpest client base in the business.:+clueless
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rainbow

rainbow

EOG Master
I think I know more than my share of WISEGUYS that WIN longterm, I dont know many MIDDLERS, the people I know dont middle or SCALP games. WANTI, I will ARGUE with you till I'm 6 FEET undergound on this topic, I repeat LONGTERM if you beat the line you beat the game, noway you can lose, I've seen so many of these guys win longterm and got slow paid because they cleaned them out, if you think it's that easy, why dont you open up a book, take my advice it's alot tougher than you think, WISEGUYS can make MINCE MEAT out of you, I will be DEAD and gone oneday and you will say that guy RAINBOW was right about WISEGUYS.
 
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