Money to be made?

NL Newbie · #1 12-13-2006, 06:39 AM

Hi guys,
Just trying to gauge how profitable sports betting is. Who are the losers, since arn't most bets Vs the house?

Also with a bankroll of say $100, what profits can you expect on that? How about $1000? Is it a fixed percentage or would profits be exponantial?

Thanks - Just widening my "Gambling" range from just poker.

vexel77 · #2 12-13-2006, 08:42 AM

ROI is around 1-3% dont get too exicted.

LargeCents · #3 12-13-2006, 08:52 AM

With a BR of $100, you might as well just use "play money".

With a BR of $1000, you're just barely starting to get maximum value from initial signup bonuses online.

With a BR of $10k, you're getting closer to optimal, using multiple books so you can shop for the best line, as well as making some worthwhile arbs.

I bet some guys here are using a $100k BR.