Quote: (04-21-2014 03:05 PM)whoishe Wrote:
I don't want to see this topic into going "gambling is dangerous" territory or something, but I was wondering if there are any members here who are bettors on professional level (not necessary with huge bankroll, but taking their bets seriously).
With my plans to move to FSU country from Poland hopefully sooner than later betting in methodical and organized way I am trying to implement is one of the things I hope will give me decent income from "working" online. It isn't passive income, as it requires a lot of work, but experimenting with it since last year gives me an idea what I could expect. And early results are encouraging.
Not going now into details, but my goal is to multiple my bankroll 10 times until end of 2015, which would allow me to multiple my stakes 5 times and play it in very safe way (less than 1% of bankroll on bet). I play really low stakes (my current bankroll is only 5k USD and it's money generated exclusively from previously won bets), but I play plenty of them based on research I am doing and closed forums I am part of.
Only obstacle at the moment is that I still have to work for now at my current office and it limits my time and effort I can put into betting. But at the moment I am still far away from being able to go into full betting mode (meaning=my bankroll isn't big enough to generate enough income), so there is no other choice, but just to be patient and do things step by step.
Anyone want to discuss it?
When I was younger I was big into gambling, craps and baccarate in the casinos and sportsbetting as well. I actually used to have a website giving sports handicapping advice and selling picks. My buddy and I used to spend a lot of time at the casino. We were probably early 20's met this cab driver in his 40s who used to drive us home from the boat all the time. Kinda became friends and gambled together. This dude is crazy but also a good gambler...well good and bad.
The guy is either broke as a joke or he's got hundreds of thousands in his pocket. I dont know how he does it but he'll go to the Casino with like $500 in his pocket and stay for 3 days straight and walk out with over 100k. I can't tell you how many times this guy has run a few hundred up to a couple hundred thousands and then blow it all and be back to driving a cab.
A few years back he was up a little over 200k. Me him and another buddy went to vegas for the superbowl, plan was he was going to put all his money on the steelers and they were like +120, the payout on his bet woulda been almost 500k. We got out there Friday night at like 10pm and by 5am the same morning all the money was gone.
Another funny story, just a few months ago he was flying out to vegas with like 180k in his suitcase and got stopped going through security. Got pulled into a room with homeland security or whoever runs that stuff. He explained his money was from gambling but they saidd they were gonna tell the irs and let them deal with it. The guy never reports his winnings so that could land him in some trouble.
I have a business that needed a cash infusion, successful business but due to merchant holds to teh tune of 150k needed cash to operate. He could have made a ton of money off investing with myself and my buddy but he never wants to do anything smart with his money, also because he doesn't report it he can't really buy anything or make investments on paper as he hasn't worked or done taxes in years.
Long story short to be a professional gambler you need balls to not give a crap and risk big to win big but at the same time if you have that mentality you dont have the self control to walk away when your up big and to do smart things with your money.
Very few people have that perfect mix of self control and risk. Also pretty much every casino game besides craps, poker nad sportsbetting is setup for you to lose and even those games even the best smartest most knowledgable and controlled gambler is still up against luck basically