[Skittle's No Hat Trick.]

Re: Skittle's No Hat Trick. Hi Skittle! AMAZING STUFF! Are these ALL live bets?

[Money management on sports betting ?]

Re: Money management on sports betting ? Nice thread with lots of solid points. As far as the MOST scientific, mathematical way to grow your bankroll -- KELLY CRITERION is the answer. It's a simple formula based on your ESTIMATED EDGE, the actual odds and your bankroll. Here's the key point: ESTIMATED EDGE. As it's been alluded to by Data Punter, it takes MANY, MANY BETS before you KNOW if you have ANY edge. Once you know you have an edge, then you can start using this formula. Also -- it's much better to bet HALF-KELLY then full kelly in terms of risk management. And I would recommend starting with QUARTER-kelly in the beginning. So to be clear: PHASE 1: Keep it simple by betting a small % of bankroll (0.2% to 2% is a good system to start). PHASE 2: Make enough bets to know your edge. MINIMUM: 500 BETS. PHASE 3: Use the Kelly Criterion where you have an edge. Start with QUARTER-kelly (25% of what's it's recommending) and only go up when your edge is proven out even more over time. ** IMPORTANT**: By keeping a nice spreadsheet, you will notice that you have an edge in certain things and NO EDGE in other things. For an example, you might have an edge in soccer and no edge in rugby. This is critical because you should AVOID betting things where there's no edge. I was making good gains on a few sports and LOSING the gains in others until I ran a spreadsheet and figured out where the "profit leaks" were coming from. Hope this helps! >

[The reality of sports betting/trading for a living.]

Re: The reality of sports betting/trading for a living.

What portion of offered bets are 3% expected yield? I would say it's close to 2%' date=' but let's say 10%. That means you would need to be offered 500 to 1000 bets per week to find 50 to 100 3% expected yield bets. Do you know of any sport (or any combination of sports that a single person would find it possible to follow to the necessary degree) that offers 500 to 1000 bets per week, in other words 70 to 140 bets per day? Certainly not. Your math doesn't add up.[/quote'] The ANSWER to your question was already answered on the first page of this thread. I'll let you re-read that page because it's the elusive obvious. Here's 2 hints... Here's hint #1: VERY few people can PROFITABLY handicap a sport. VERY, VERY few people can PROFITABLY handicap more than 1 sport. Personally, I can profitably handicap 2 sports that are relatively related because I trained in that sport for years. That's my EDGE. So I have to go OUTSIDE my own opinion to find 100 to 200 bets. And here's another hint: I BET ON OVER 10 SPORTS. That's how you find VOLUME. Hope this helps.

[The reality of sports betting/trading for a living.]

Re: The reality of sports betting/trading for a living. Nice thread. I know a couple of PRO gamblers that make a fulltime living. I'm certainly not there yet, so but here's what I've learned from them and I'm working on applying. 1. FIND VOLUMES of SOLID SOURCES OF EV+ BETS. You can become VERY wealthy if you find good sources of 3%+ YIELD. 2. Can you make 50 to 100 of these bets per week??? 3. Bank roll management.