American Ex Bookie friend of mine (dead now) made a living from Sports Betting, he used to put some serious cash every bet was at least $1000, he used to take advantage of different offers across diff american sports betting websites. He tried explaning it to me a few times but i could never quite get my head around it, plus i knew fuck all about american sports.

On another note
If you are serious enough to put the time in you can make a living from playing online poker, it will drive you mental however.

With another Yank i wrote a program to play online POker for you automatically, it made me quite bit of cash and got me featured in the Mail on Sunday newspaper.

so i guess the point is-- you can either work ahrd on tried and tested methods to make money or you can search for that magic bullet and make lots of money..might never happen though