| Right so today we are going to look at the ins and | | | | at what they do so they wont be wrong? While the |
| outs of being a professional gambler. We are going to | | | | bookmakers are smart at what they do they are not |
| look at whether it really is possible for anyone to truly | | | | exactly setting the odds on any game properly. What |
| earn a decent living just gambling and then we take a | | | | sportsbooks do is set the odds at such a level to |
| look at how you can make this happen. | | | | maximise profit based on what they think the public will |
| The first lesson in becoming a professional gambler is | | | | do. It's that line that is crucial 'based on what they think |
| to keep out of the casinos. Unless you are a world | | | | the public will do' because the public are generally |
| class card counter or a pro poker player the casino | | | | stupid and have no idea about the real odds of teams. |
| has nothing to offer you other than a life of failure, | | | | This is where the professional gambler comes in. What |
| sure you may enjoy it while it lasts but you will crash | | | | any professional gambler does (in his own particular |
| and burn if you think playing casino games is a long | | | | way) is study all of the form and know all of the stats |
| term money spinner. Even if you are a world class | | | | and sets his own odds in his head and then when the |
| card counter that life is dangerous as one false move | | | | sportsbook makes their odds he sees if there is profit |
| and you will be blacklisted for life from every major | | | | to be made. For example a horse racing pro thinks a |
| casino. | | | | certain horses odds are 6/1 to win the race, but when |
| So why do we go with the sports? Because with | | | | the bookies make their odds available the horse is |
| sports betting people set the lines. In a casino the odds | | | | available to back at 10/1. |
| of everything happening is set by probability, with | | | | This is a position professional gamblers find |
| sports betting there is a grey area. One man could | | | | themselves in all the time. Now all this gambler needs |
| think that a certain horse is 100/1 while others think it is | | | | to do is steam in with a bet and in the long run he is |
| 50/1 is a basic example. But where these anomolies | | | | guaranteed to profit given that his assessment was |
| exist there is the opportunity for profit. | | | | correct. |
| But aren't the sportsbook or bookmakers really smart | | | | |