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Old 02-04-2003, 09:41 PM
gamblingwoman gamblingwoman is offline
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Default Question for Professional gamblers

How much money do you think a smart player would need to gamble for a living - say if they need to make $25,000 a year ?

Do you spread your money out in several different books , or do you leave the bulk of it in the safer books like Olympic, Las Palmas, etc ?

Do you play futures a lot ? It seems they often have great value, but you have to tie your money up for longer periods ?

Could I become a full time professional player if I only have a beginning bankroll of $25,000 ?

Thank you.
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Old 02-05-2003, 12:10 AM
Machiavelli Machiavelli is offline
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In my opinion and experience:

How much money do you think a smart player would need to gamble for a living - say if they need to make $25,000 a year ?

It all depends on how good you are and what your style of play is. I think it can range from 20,000-200,000.

Do you spread your money out in several different books , or do you leave the bulk of it in the safer books like Olympic, Las Palmas, etc ?

Unless your style involves some sort of special circumstance (perhaps you are exclusively a tennis bettor or something like that and are only finding useful numbers at 3 or 4 places), you need the ability to shop for numbers with at least a dozen outs, at the bare minimum. Think of it like this; most pros have a single-digit percentage return on their money, which means in a certain sense they are barely squeaking by. If these guys are shopping for lines at every book on the planet and are barely squaking by, how are you going to refuse this advantage and still be a winner?

Do you play futures a lot ? It seems they often have great value, but you have to tie your money up for longer periods ?

I personally don't play futures but some people do. You have to tie your money up, and there is usually a high hold percentage associated with them. Basically you have to catch the book sleeping (see also L'ville future bet at Intertops).

Could I become a full time professional player if I only have a beginning bankroll of $25,000 ?

You would have to be extremely talented, but it is possible. I don't think you can do it betting full-game pointspreads and totals, you would have to dominate some obscure sport, or props, and produce win rates approaching 60%.

Good luck.
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