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re: Man loses his hard earned money at the casino and loses it
Posted on 6/28/23 at 11:12 pm to Vandyrone
Posted on 6/28/23 at 11:12 pm to Vandyrone
quote:
No. Only 1% are profitable long term. Very very few of those are actually making a living on their bets alone.
Only 1% of the sports gamblers in this country in my opinion earn their living strictly off wagering on sports and I mean specifically long term. It’s too hard to consistently beat the books long term to earn a living. However, there are some that can do it, and when they place significantly larger wagers down soon as the lines open, the lines move immediately because oddsmakers are scared of the well respected gamblers. These sharps are the ones that immediately tell the oddsmakers they have their lines set wrong and they quickly adjust. When the books identify a person that wins too often long term, they view them as a threat and reduce their wager sizes. Circa Sports and just a couple other books in this country cater to those type of players. Those are the rare 1% sharp players that have a bankroll big enough to give a casino a bad day.
This post was edited on 6/29/23 at 2:43 am
Posted on 6/29/23 at 9:36 am to Earthquake 88
I bet it's less than 1%. Even those card counter guys have trouble when they get recognized or get on a roll. The casinos in the area they get caught let the other ones know.
Posted on 6/29/23 at 2:37 pm to Earthquake 88
quote:
Only 1% of the sports gamblers in this country in my opinion earn their living strictly off wagering on sports and I mean specifically long term.
It’s far less than that. 1 in 100? It’s more like 1 in 1,000,000 or 10,000,000. Think how many gamblers have betting apps and you believe that 1 in 100 of those earn a living with their sports betting? I say 1 in 100 of those are not in the red long-term.
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