1. #1
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Are gamblers who do a ton of legwork smart or suckers?

    I was thinking about this tonight after a ridiculous weekend in which I somehow cashed big plays on Penn State and the Patriots and another on the Red Sox. None of them really had any business cashing; I suppose you could say PSU and NE were in control for more of the game than not, but they were both dead in the water near the end until their opponents fvcked it all up. Boston, meanwhile, was just a total fluke.

    Anyway, between the three plays, I had close to a $1,000 swing -- crazy for a guy who bets $20 per unit. So I'm sitting here looking at my account balance thinking about being on the "right" side of the "wrong" play three times. This, one week after having Northwestern and a bunch of other shitty beats that had me wondering WTF I was doing, feeling like I was on the "wrong" side of the "right" play.

    I know bettors who break down a game every which way. They have systems, study matchups, analyze data, trends, etc. I put a lot of time into capping games, but these guys are workaholics when it comes to research and doing their homework. I don't go anywhere near that far. Sometimes I feel like I should. Sometimes I think it's a huge waste of time.

    The smart response here is probably to not worry as much about the end result -- that in the long run, if you put the time in and don't take short cuts, you will be rewarded for making the right play more often than not. The longer I'm in this game, though, the more I question and wonder if you can legitimately be a "sports investor," as LTA liked to call it back in the day, as opposed to a guy who is either a lucky schmuck or an unlucky sonofabitch on any given play no matter how much effort you put into preparing for a bet.

    Anyway....
    Last edited by No coincidences; 10-14-13 at 12:12 AM.

  2. #2
    Darkside Magick
    Black Box Algorithm
    Darkside Magick's Avatar Become A Pro!
    Join Date: 05-28-10
    Posts: 12,586
    Betpoints: 1258

    Suckers......occam's razor!!!!

  3. #3
    Gee
    Gee's Avatar Become A Pro!
    Join Date: 04-08-10
    Posts: 4,547
    Betpoints: 2327

    If your legwork is showing a positive result (and enough of a positive result to offset the time you put into it, unless you genuinely enjoy doing the legwork as a hobby, which is fine too) after 1000 plays, then I'd say it is worth it.

  4. #4
    peacebyinches
    pull the trigger
    peacebyinches's Avatar SBR PRO
    Join Date: 02-13-10
    Posts: 1,108
    Betpoints: 7802

    put dat work in homie. regardless of whether you win or lose, you gonna keep your self-respect for dat work bro.


    Damned if I don't, and damned if a homie do
    Now watch a young mothafnucka pull the trigger too
    RAISE UP, and don't let them see ya cry
    Dry your eyes, young homietime for do or die
    I pack a pistol in my pocket, ready on my Glock
    Ain't no time for a homie to even kok shit
    I done seen a motha fnuka peep pain
    at point blank range cause he slept on the game
    Ain't a damn thing changed, they shakin the dice
    Now roll em if you can't stand pain better hold em
    Cause ain't no tellin what ya might roll
    You might fold catch AIDS from a slight cold
    You better live ya life to the fullest
    Be quick to kill a bull got a pistol
    mothafnuka better pull it
    And even if they kill me
    They can never take the life of a young G

    do dat work homie. get that work in.
    Last edited by peacebyinches; 10-14-13 at 01:45 AM. Reason: really bad curse words

  5. #5
    Ra77er
    Ra77er's Avatar Become A Pro!
    Join Date: 06-20-11
    Posts: 10,969

    As I take a swig of my scotch, I must say I too ponder these sentiments Mr Coins.

  6. #6
    peacebyinches
    pull the trigger
    peacebyinches's Avatar SBR PRO
    Join Date: 02-13-10
    Posts: 1,108
    Betpoints: 7802

    yeah everyone who's answered so far must be drunk and high as all hell

    good advice from that peacebyinches fellow though
    Points Awarded:

    Ra77er gave peacebyinches 100 SBR Point(s) for this post.


  7. #7
    Cuse0323
    Cuse0323's Avatar Become A Pro!
    Join Date: 12-09-09
    Posts: 30,169
    Betpoints: 87

    The research and legwork is the best part of gambling to me.

  8. #8
    Ernie Mccracken
    Ernie Mccracken's Avatar Become A Pro!
    Join Date: 09-11-11
    Posts: 1,986
    Betpoints: 4304

    I look over stats for fun, but recognize it's a waste of time to think I'm going to beat the books with math and statistical models. I'd have a better chance at beating Lebron 1v1 or going yard on Verlander. NFL lines are sharp as diamond coated diamonds with diamond filling.

  9. #9
    Deuce
    Eddie Mush
    Deuce's Avatar Become A Pro!
    Join Date: 01-12-08
    Posts: 29,843
    Betpoints: 3519

    Staring at lines for 12 hours a day is a waste of time, yes.

  10. #10
    Ralphie Halves
    Ralphie Halves's Avatar Become A Pro!
    Join Date: 12-13-09
    Posts: 4,507
    Betpoints: 15084

    Even if I had the time, it's better spent on other things. I tail people that do all that, use labby lines, and I'm actually a winning sportsbettor. I win at too slow a rate for most people's taste, but screw it, it's so worth it.

    Time > Money

  11. #11
    seaborneq
    It's time to collect
    seaborneq's Avatar Become A Pro!
    Join Date: 09-08-06
    Posts: 22,556
    Betpoints: 13422

    Know the basics, some trends, injuries, historical data, and a few side stories, go with your gut feeling, then let the chips fall where they may.

  12. #12
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    These Penn State, Patriots and Red Sox close winners are part of our 'game'... Just like all of those close losers


    .
    Last edited by Sam Odom; 10-14-13 at 06:29 AM.

  13. #13
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Quote Originally Posted by No coincidences View Post

    The longer I'm in this game, though, the more I question and wonder if you can legitimately be a "sports investor,"

    There is more to it than picking winners

  14. #14
    t-wizzle
    t-wizzle's Avatar Become A Pro!
    Join Date: 12-18-09
    Posts: 38,099
    Betpoints: 2191

    All that legwork is unnecessary. Guys like Louisvillekid who don't have a life and can afford to sit around all day breaking down games and doing writeups are wasting time.

    Just look at how the line moved, consider situational factors, and go with your gut.

  15. #15
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Its just a numbers game and pure luck

    Breaking down games mean nothing as you cannot predict turnovers and injuries which decide most games as far as point spread covers

  16. #16
    Russian Rocket
    Kleptoman
    Russian Rocket's Avatar Become A Pro!
    Join Date: 09-02-12
    Posts: 43,910
    Betpoints: 533

    Quote Originally Posted by jjgold View Post
    Its just a numbers game and pure luck

    Breaking down games mean nothing as you cannot predict turnovers and injuries which decide most games as far as point spread covers
    JJ how the fukk can you predict injuries...c'mon now

  17. #17
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    не можем предсказать, обороты и травм

  18. #18
    Russian Rocket
    Kleptoman
    Russian Rocket's Avatar Become A Pro!
    Join Date: 09-02-12
    Posts: 43,910
    Betpoints: 533

    Quote Originally Posted by Sam Odom View Post
    не можем предсказать, обороты и травм

  19. #19
    Reload
    Winning Aint Easy
    Reload's Avatar SBR PRO
    Join Date: 03-23-08
    Posts: 12,183
    Betpoints: 14778

    Have cashed just as many tickets with three minutes of thought compared to three days of thought. Still better to put work in when you can, but it can be pretty unrewarding thanks to how these games play out.
    Points Awarded:

    Russian Rocket gave Reload 2 SBR Point(s) for this post.


  20. #20
    Russian Rocket
    Kleptoman
    Russian Rocket's Avatar Become A Pro!
    Join Date: 09-02-12
    Posts: 43,910
    Betpoints: 533

    Quote Originally Posted by Reload View Post
    Have cashed just as many tickets with three minutes of thought compared to three days of thought. Still better to put work in when you can, but it can be pretty unrewarding thanks to how these games play out.


    always put work in

  21. #21
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Just wait til college baskets & NBA get into full swing... It will be 'shoot from the hip' time

  22. #22
    billysink
    billysink's Avatar Become A Pro!
    Join Date: 03-29-09
    Posts: 5,172

    "Legwork" is simply a means to quantify value or lack thereof. "Legwork" will never be reflected in a won lost record, it is only a piece of that puzzle.

    If "Legwork" in its pure form gives as many reasons to walk away from a bet as no value was recognized; no win or loss can be realized. It is just as often the events you do not play that make or break you.

    Value is everything. Wins and losses are merely a bi-product of that process.

    Those that can quantify value in three minutes are forgetting the myriads of work done previously to lead to that perception. This is a job; years of experience and oversite are retained and utilized at any given moment. The thought process in those three minutes was likely developed over quite a period of time.

    There is no way to play this cheap. Coin flippers and dart chuckers never win. They did not take the time or possess the requisite knowledge to make an assessment of value.

  23. #23
    wantitall4moi
    wantitall4moi's Avatar Become A Pro!
    Join Date: 04-17-10
    Posts: 3,063
    Betpoints: 3834

    Quote Originally Posted by Sam Odom View Post
    There is more to it than picking winners
    you know better than that. Pick a Su winner youre going to cover the vast majority of the time and with enough ML dog winners that will easily overcome the fav that win SU but do not cover for you.

    That being said putting a lot of time into 'handicapping' is a waste of effort. The only 'legwork' you need to do is looking for the best vig and odds on the team you like.

    I used to put hours into that shit a week. Total waste of time, now I put less than an hour a week in and do just as well as I used to. But then again I am not a big football bettor nor am I betting to make a living anymore just 'for fun'. But I dont think that matters either.

    Seriously just look at the match up the week before WITHOUT SPREADS and circle teams you think will win, if you cant pick a winner in a particular game pass on it, you will have more than enough circles to have plenty of action.

    Then you just take those circles and bet them, if you circled a fav lay the points, unless it is 7.5 or more then you have to evaluate it a little more. If you circled a dog find the best ML you can and bet it, dont dick around with points.

  24. #24
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    Quote Originally Posted by Sam Odom View Post

    There is more to it than picking winners

    Quote Originally Posted by wantitall4moi View Post

    you know better than that.


    wanti , most of us have to take advantage of the offshore perks to show a profit. Sammy said most of us

    Sammy is one of them

  25. #25
    Scratch 23
    Scratch 23's Avatar Become A Pro!
    Join Date: 09-20-13
    Posts: 175
    Betpoints: 193

    You can find gems in the rough sorting through numbers. For an example, I've had one 3 star play this yr in college football and two 2 star plays. First week of season, Ark. ST. was playing Ark.Pine-Bluff. Line opened at 26 and got steamed up to 35-36. Looking at my handy Phil Steele college annual i saw that ARk st. had a 200-10 pt edge(3 games) while facing like opponents over the last 3 yrs. They won easily. The following week, ARk ST. traveled to ARkansas. The step up in class either was overlooked or just ignored. Arkansas smashed them. This last week i was looking at the Bama game. Huge number 28. And Bama had just come off of two non covers of huge numbers (colorado st, georgia st). But again looking at my handy Phil Steele magazine, I saw that when Saban plays weak SEC foes, he has no problem running it up. So anyway, some data is very useful and takes time to find. Othertimes, like saturday, i look at a line like NIU -23 over the Zips and think there is no way they dont beat them by 30 if they play their game. A couple fluke plays in the 1st quarter and it didnt matter what angle i had, it was wrong. Part of the game. One thing im assured of though after many years of gambling. Right or wrong, good or bad, go contrarian (take the vegas side) of all the prime time games. I'm sure this has been a solid winner over the years, not even a doubt in my mind.

  26. #26
    artyfudgepacker
    artyfudgepacker's Avatar Become A Pro!
    Join Date: 01-06-13
    Posts: 2,205
    Betpoints: 6480

    i think the key finding the rite source of information . i used to spend to much to capping to many games .now bout 2 to 3 hr a day is good .

  27. #27
    artyfudgepacker
    artyfudgepacker's Avatar Become A Pro!
    Join Date: 01-06-13
    Posts: 2,205
    Betpoints: 6480

    hell yea thats gona be fun sammy
    Quote Originally Posted by Sam Odom View Post
    Just wait til college baskets & NBA get into full swing... It will be 'shoot from the hip' time

  28. #28
    v1y
    v1y's Avatar Become A Pro!
    Join Date: 05-02-11
    Posts: 1,138
    Betpoints: 1633

    my five figure profit for three straight years means i'm clearly a sucker for actually watching the sport i bet on.

  29. #29
    TPowell
    TPowell's Avatar Become A Pro!
    Join Date: 02-21-08
    Posts: 18,842
    Betpoints: 331

    can't handicap games, way too many variables. Have to use your intuition mostly. You HANDICAP (or what I like to call price) PROP bets. It is by far the easiest money you can make for your time invested

  30. #30
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Quote Originally Posted by Deuce View Post
    Staring at lines for 12 hours a day is a waste of time, yes.
    Your reading comprehension sucks.

  31. #31
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Quote Originally Posted by Sam Odom View Post
    These Penn State, Patriots and Red Sox close winners are part of our 'game'... Just like all of those close losers


    .
    I agree, but therein lies the question.

    Can you imagine correctly spending the time capping a Northwestern cover, a Saints cover, or a Michigan cover, only to have the rug pulled out from under you all three times? I had the NW game nailed and lost a pretty decent amount of money. I didn't have the angle I thought I did to go big on the NE or the PSU games -- just got bailed out by flukeish situations. It's all part of the "game," true, but why put so much blood and sweat into something that, in the end, winds up being a coin flip either way more often than it should?

  32. #32
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Quote Originally Posted by Reload View Post
    Have cashed just as many tickets with three minutes of thought compared to three days of thought. Still better to put work in when you can, but it can be pretty unrewarding thanks to how these games play out.
    Succinctly put. That's what I'm getting at for the guys who are real workhorses with their systems, charts, graphs, etc.

  33. #33
    No coincidences
    Baseball at The Corner
    No coincidences's Avatar Become A Pro!
    Join Date: 01-18-10
    Posts: 76,300
    Betpoints: 16541

    Quote Originally Posted by billysink View Post
    "Legwork" is simply a means to quantify value or lack thereof. "Legwork" will never be reflected in a won lost record, it is only a piece of that puzzle.

    If "Legwork" in its pure form gives as many reasons to walk away from a bet as no value was recognized; no win or loss can be realized. It is just as often the events you do not play that make or break you.

    Value is everything. Wins and losses are merely a bi-product of that process.

    Those that can quantify value in three minutes are forgetting the myriads of work done previously to lead to that perception. This is a job; years of experience and oversite are retained and utilized at any given moment. The thought process in those three minutes was likely developed over quite a period of time.

    There is no way to play this cheap. Coin flippers and dart chuckers never win. They did not take the time or possess the requisite knowledge to make an assessment of value.
    Quote Originally Posted by wantitall4moi View Post
    you know better than that. Pick a Su winner youre going to cover the vast majority of the time and with enough ML dog winners that will easily overcome the fav that win SU but do not cover for you.

    That being said putting a lot of time into 'handicapping' is a waste of effort. The only 'legwork' you need to do is looking for the best vig and odds on the team you like.

    I used to put hours into that shit a week. Total waste of time, now I put less than an hour a week in and do just as well as I used to. But then again I am not a big football bettor nor am I betting to make a living anymore just 'for fun'. But I dont think that matters either.

    Seriously just look at the match up the week before WITHOUT SPREADS and circle teams you think will win, if you cant pick a winner in a particular game pass on it, you will have more than enough circles to have plenty of action.

    Then you just take those circles and bet them, if you circled a fav lay the points, unless it is 7.5 or more then you have to evaluate it a little more. If you circled a dog find the best ML you can and bet it, dont dick around with points.
    The angel and devil on our shoulders in a nutshell.

  34. #34
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR PRO
    Join Date: 04-12-07
    Posts: 82,189
    Betpoints: 410

    I walk around the neighborhood for 30 minutes before I place a bet. I just need to gather my thoughts without being in front of a computer screen so I can go back and hit the button to submit the bet.

  35. #35
    t-wizzle
    t-wizzle's Avatar Become A Pro!
    Join Date: 12-18-09
    Posts: 38,099
    Betpoints: 2191

    Quote Originally Posted by No coincidences View Post
    I agree, but therein lies the question.

    Can you imagine correctly spending the time capping a Northwestern cover, a Saints cover, or a Michigan cover, only to have the rug pulled out from under you all three times? I had the NW game nailed and lost a pretty decent amount of money. I didn't have the angle I thought I did to go big on the NE or the PSU games -- just got bailed out by flukeish situations. It's all part of the "game," true, but why put so much blood and sweat into something that, in the end, winds up being a coin flip either way more often than it should?
    That's all part of the game.

    The part you don't seem to get is that nothing is ever supposed to happen.

12 Last
Top