Let me clarify
If you are going to rent an apartment the cheapest you will find is maybe a studio for around 500 a month
so thats 6500 for the year including security deposit
You will have BillsAnd any 500$ a month pad is going to be a dump in crime infested area--of which Vegas has many--alot of other folks who tried to"live the dream" and ended up donating to Steve wynn(orwhoever)
Electric,gas,cable and or satalite, phone and internet with the summers and winters lets say your total for these bills is another 300 per month
thats 3600 per year
You will need a car, Lets say your car is payed off just to be nice with insurance and gas and maintenence you are looking at 300 per month
thats another 3600 for the year
now food, dining in dining out going out to movies, dating once in a while if you have a life say another 400 per month, Im being ultra conservative here on a tight behind budget
thats 4800 per year
add medical insurance another 150 per month thats 1800 per year
from bottom to top
1800
4800
3600
3600
6500
thats 20K to 23K depending on your life style
Now in order for you to have a chance in hell of being successfull You will need that money just to live on for 12 calender months
Now you need a bankroll
trying to win 100 per day is not feasable Its just not
You will have to be ultra selective and bet a nickle a game until you reach a desired goal for the month a desired goal would be 3k
Pay attention here its the most valuable lesson in this reply
You need to come up atleast 7 wagers won over the wagers you lost.
You are giving yourself 30 calender days to reach this goal, its the only way to make this type of move without going bust
so 500 a day is what you must have for wagering with the swings of wins and losses you need 500 a day x 60 days atleast 30K
so I was wrong when I said 100K You need atleast 50K
thats my opinion and in my case if I ever decided to do something so irresponsible I have a family, I would need atleast 150K because my expenses are double to tripple.
But good luck.
Let me clarify
If you are going to rent an apartment the cheapest you will find is maybe a studio for around 500 a month
so thats 6500 for the year including security deposit
You will have BillsAnd any 500$ a month pad is going to be a dump in crime infested area--of which Vegas has many--alot of other folks who tried to"live the dream" and ended up donating to Steve wynn(orwhoever)
Electric,gas,cable and or satalite, phone and internet with the summers and winters lets say your total for these bills is another 300 per month
thats 3600 per year
You will need a car, Lets say your car is payed off just to be nice with insurance and gas and maintenence you are looking at 300 per month
thats another 3600 for the year
now food, dining in dining out going out to movies, dating once in a while if you have a life say another 400 per month, Im being ultra conservative here on a tight behind budget
thats 4800 per year
add medical insurance another 150 per month thats 1800 per year
from bottom to top
1800
4800
3600
3600
6500
thats 20K to 23K depending on your life style
Now in order for you to have a chance in hell of being successfull You will need that money just to live on for 12 calender months
Now you need a bankroll
trying to win 100 per day is not feasable Its just not
You will have to be ultra selective and bet a nickle a game until you reach a desired goal for the month a desired goal would be 3k
Pay attention here its the most valuable lesson in this reply
You need to come up atleast 7 wagers won over the wagers you lost.
You are giving yourself 30 calender days to reach this goal, its the only way to make this type of move without going bust
so 500 a day is what you must have for wagering with the swings of wins and losses you need 500 a day x 60 days atleast 30K
so I was wrong when I said 100K You need atleast 50K
thats my opinion and in my case if I ever decided to do something so irresponsible I have a family, I would need atleast 150K because my expenses are double to tripple.
But good luck.
Places here are not as cheap as they were a year ago. Low inventory and investors have raised prices. The prices could still seem low to you depending on where you live now, but the prices here are on the rise.
I bought here in Aug 2012 partly to bet sports. I think the best way to do this is to have a full time job that covers everything including saving for retirement. With "extra" money build a bankroll and start betting as a % of bankroll. Keep adding to bankroll through winnings and extra savings. We saved $10k and I started my bankroll with that. I'll add a few k to that every year and hopefully increase through winnings also. I plan on working for 5 more years then retiring. Hoping to have my bankroll at $50k or more at that time, then use the sports betting gig as a supplement to my income in retirement.
I'd love to be able to walk away now and just bet sports (living the dream), but my bankroll is not large enough to bet enough to make a living and I have yet to prove that I can win every year. I'm giving myself 5 years of working full time in Vegas, betting as if I had no other job and seeing what happens. The worst that can happen is losing my $10k stake, I'll still retire in 5 years. BOL to all that try to make a living betting on sports.
Places here are not as cheap as they were a year ago. Low inventory and investors have raised prices. The prices could still seem low to you depending on where you live now, but the prices here are on the rise.
I bought here in Aug 2012 partly to bet sports. I think the best way to do this is to have a full time job that covers everything including saving for retirement. With "extra" money build a bankroll and start betting as a % of bankroll. Keep adding to bankroll through winnings and extra savings. We saved $10k and I started my bankroll with that. I'll add a few k to that every year and hopefully increase through winnings also. I plan on working for 5 more years then retiring. Hoping to have my bankroll at $50k or more at that time, then use the sports betting gig as a supplement to my income in retirement.
I'd love to be able to walk away now and just bet sports (living the dream), but my bankroll is not large enough to bet enough to make a living and I have yet to prove that I can win every year. I'm giving myself 5 years of working full time in Vegas, betting as if I had no other job and seeing what happens. The worst that can happen is losing my $10k stake, I'll still retire in 5 years. BOL to all that try to make a living betting on sports.
It really all comes down to preparation and discipline. Never overbet your stake, 2% of bankroll should be the maximum bet size per wager. Its imperative you manage your bankroll and only increase bets as bankroll grows. if you have 10k your max bet should be 200$ to ensure the swings dont bankrupt you, and ther WILL be swings. Never chase losses and never double up. Take a loss and come back tommorrow. It is VITAL to keep accurate records of your results in order to make adjustments to your strategy and to keep losses to a minimum. Be very selective do not invest in 8-12 games a day, 3-5 plays are more than enough if you have experience and consistently hit between 54-60%.
GL to all, this is not impossible and many make a great living of of investing in sports. Sports wagering when pursued sensibly involves the same deductive reasoning skills as trading a put or a call option in the financial markets. Realizing an attractive risk adjusted retrun whether it exists in the stock market, treasury bond or a baseball game is a prudent investment.
It really all comes down to preparation and discipline. Never overbet your stake, 2% of bankroll should be the maximum bet size per wager. Its imperative you manage your bankroll and only increase bets as bankroll grows. if you have 10k your max bet should be 200$ to ensure the swings dont bankrupt you, and ther WILL be swings. Never chase losses and never double up. Take a loss and come back tommorrow. It is VITAL to keep accurate records of your results in order to make adjustments to your strategy and to keep losses to a minimum. Be very selective do not invest in 8-12 games a day, 3-5 plays are more than enough if you have experience and consistently hit between 54-60%.
GL to all, this is not impossible and many make a great living of of investing in sports. Sports wagering when pursued sensibly involves the same deductive reasoning skills as trading a put or a call option in the financial markets. Realizing an attractive risk adjusted retrun whether it exists in the stock market, treasury bond or a baseball game is a prudent investment.
It really all comes down to preparation and discipline. Never overbet your stake, 2% of bankroll should be the maximum bet size per wager. Its imperative you manage your bankroll and only increase bets as bankroll grows. if you have 10k your max bet should be 200$ to ensure the swings dont bankrupt you, and ther WILL be swings. Never chase losses and never double up. Take a loss and come back tommorrow. It is VITAL to keep accurate records of your results in order to make adjustments to your strategy and to keep losses to a minimum. Be very selective do not invest in 8-12 games a day, 3-5 plays are more than enough if you have experience and consistently hit between 54-60%.
GL to all, this is not impossible and many make a great living of of investing in sports. Sports wagering when pursued sensibly involves the same deductive reasoning skills as trading a put or a call option in the financial markets. Realizing an attractive risk adjusted retrun whether it exists in the stock market, treasury bond or a baseball game is a prudent investment.
Great advice.
It really all comes down to preparation and discipline. Never overbet your stake, 2% of bankroll should be the maximum bet size per wager. Its imperative you manage your bankroll and only increase bets as bankroll grows. if you have 10k your max bet should be 200$ to ensure the swings dont bankrupt you, and ther WILL be swings. Never chase losses and never double up. Take a loss and come back tommorrow. It is VITAL to keep accurate records of your results in order to make adjustments to your strategy and to keep losses to a minimum. Be very selective do not invest in 8-12 games a day, 3-5 plays are more than enough if you have experience and consistently hit between 54-60%.
GL to all, this is not impossible and many make a great living of of investing in sports. Sports wagering when pursued sensibly involves the same deductive reasoning skills as trading a put or a call option in the financial markets. Realizing an attractive risk adjusted retrun whether it exists in the stock market, treasury bond or a baseball game is a prudent investment.
Great advice.
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