Now multiply that by someone earning minimum wage, see who makes more money from the profits of the results of those lines.
Just some food for thought, opinions are welcome.
CHUBNUT
SBR Sharp
06-30-09
321
#2
Your post is one of the sharper on here. your obviously a smart person. Congrats.
Comment
Maverick22
SBR Wise Guy
04-10-10
807
#3
Is that sarcasm?
Comment
egzacto
SBR Wise Guy
01-02-10
502
#4
this week a burger flipper
Comment
Mr. Peepers
SBR MVP
09-22-09
1425
#5
i bet somone working mini wage makes more then 90% of the people on this site.
Comment
JOHON8
SBR Hall of Famer
01-28-10
7712
#6
Originally posted by Maverick22
Is that sarcasm?
how is that sarcasm?
I'm making a point. I see a lot of cappers on this forum spending every single day, hours upon hours discussing lines. At the end of the day they are fighting hard to break even or make a small profit. A small profit that someone making minimum wage would beat.
I know a lot of peopel gamble as a hobby, and for the action, but how many are seriously trying to use sports betting as a way of making real money?
You can make 60% win rate or better. But for example, if you spend 200k winning 20k profit at the end of a couple years, the guys flipping the burgers already made more money.
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JOHON8
SBR Hall of Famer
01-28-10
7712
#7
For those who care:
Life is short, spend it doing other things than looking at adjusted lines bookmakers made you hours on end. If you say "f*ck you Johon I know what I'm doing", I'm not denying that maybe you have the experience to beat the lines from time to time. But keep in mind, the same bookmakers who make the lines, make millions a day without spending a cent on a sports team.
The people who make the money IMO are those who adjust the lines, and those who have inside information that takes teh edge away from the bookmaker.
Maybe I'm drunk, it's halloween party weekend, but being drunk makes me care mroe for the peoplee.
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jgilmartin
SBR MVP
03-31-09
1119
#8
Originally posted by JOHON8
being drunk makes me care mroe for the peoplee.
Awesome
Comment
Peregrine Stoop
SBR Wise Guy
10-23-09
869
#9
Originally posted by JOHON8
For those who care: Life is short, spend it doing other things than looking at adjusted lines bookmakers made you hours on end. If you say "f*ck you Johon I know what I'm doing", I'm not denying that maybe you have the experience to beat the lines from time to time. But keep in mind, the same bookmakers who make the lines, make millions a day without spending a cent on a sports team. The people who make the money IMO are those who adjust the lines, and those who have inside information that takes teh edge away from the bookmaker. Maybe I'm drunk, it's halloween party weekend, but being drunk makes me care mroe for the peoplee.
once you have enough money, it's better to watch the lines
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byronbb
SBR MVP
11-13-08
3067
#10
It's a good point but I think I have OCD so nothing is more intriguing to me than line shopping and entering numbers into a spreadsheet.
Comment
Salamander
SBR Sharp
12-25-09
397
#11
Originally posted by JOHON8
At the end of the day they are fighting hard to break even or make a small profit. A small profit that someone making minimum wage would beat.
Hey I just thought of something. If I can make a small profit doing the things I'm doing, maybe if I bet twice as much I'll make twice as much profit.
sbr
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xu2x3t
SBR Hustler
10-02-10
80
#12
Originally posted by Mr. Peepers
i bet somone working mini wage makes more then 90% of the people on this site.
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HoulihansTX
BARRELED IN @ SBR!
02-12-09
30566
#13
But the problem with those with a minimum wage job, is the fact they have a shit job. And hate it along with their bosses, and lives.
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the shadow
SBR High Roller
07-02-09
120
#14
Plus you can click on porn at anytime!
Comment
sharpcat
Restricted User
12-19-09
4516
#15
Originally posted by JOHON8
For those who care:
Life is short, spend it doing other things than looking at adjusted lines bookmakers made you hours on end. If you say "f*ck you Johon I know what I'm doing", I'm not denying that maybe you have the experience to beat the lines from time to time. But keep in mind, the same bookmakers who make the lines, make millions a day without spending a cent on a sports team.
The people who make the money IMO are those who adjust the lines, and those who have inside information that takes teh edge away from the bookmaker.
Maybe I'm drunk, it's halloween party weekend, but being drunk makes me care mroe for the peoplee.
This is wrong.
Bookmakers gamble on every single game on the board the only difference between them and you is that they are getting better odds.
And no books do not get 50/50 action on anywhere near as many games as you may think.
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GiveMeaBJ
SBR Hall of Famer
09-08-09
8449
#16
Out of each day I dedicate maybe three hours to gambling whether it be lines, placing bets, capping, or watching for 2H's. As long as having some guys over or going to a bar and watching some games doesn't count then it's only 3 hours.
I could get $8/hr anywhere nowadays. $8x3=$24x7 is $168.
What am I going to do with $168 a week? I spend that in three days.
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Trucker George
SBR High Roller
01-09-10
194
#17
If you have fun doing it or are making money doing it, then it is fine. Who cares what the money earned from getting a job at a fast food restaurant would be vs. the time you spend betting on sports. What other thing do you do that others may find to be a "waste of time"? Should you judge your other free time activities (whether they be playing Farmville, exercising, learning new things, etc.) by using a minimum wage metric? No. If you disagree, then you better quit having sex and devote that time to flipping burgers.
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Trucker George
SBR High Roller
01-09-10
194
#18
LoL, actually that sums your point up quite well: Quit having sex and start flipping burgers, there's more money to be made from burger flipping.
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Borat38
SBR High Roller
10-15-10
177
#19
Less capping, more math = steady wins
I know doing the math pregame also counts as handicapping, but I'm referring to cutting out the "angles" like "bounceback", revenge angle, etc. The less of these hard-to-quantify factors, coupled with more reliable things like forecasting totals based on recent scoring streak and opponent defense, for example, will be more profitable in the long run.
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suicidekings
SBR Hall of Famer
03-23-09
9962
#20
If this argument is directed at recreational gamblers with a sufficient bankroll to be considered a legit gambler and a few years of experience, then you have to factor in that a lot of the time spent handicapping is actually done while at work for many of us, while getting paid at a rate that is most likely much higher than minimum wage, thereby leading to the disposable income available for betting in the first place.
If you're talking to the professionals that earn the majority of their income from sports betting (enough to live off of), then the argument is even less valid as they are people successfully pulled themselves up into the 99th percentile of bettors and have to be considered successes as they are no longer dependent on working for someone else.
If you're talking to the small time gambler with a bankroll of a few hundred dollars that does it primarily for fun, then this argument is completely invalid as its about entertainment, and/or dipping their toe into the industry while learning how it works.
If none of these categories really apply to a bettor, then I'd say you're correct about the person being better off working than spending their time on gambling.
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Yi
SBR Wise Guy
03-19-09
646
#21
"Money won is twice as sweet as money earned"
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frognose20
SBR High Roller
04-09-10
249
#22
I do all my handicapping at work while getting paid well above minimum wage and im profitable in my pick so i must be a real winner!
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Peregrine Stoop
SBR Wise Guy
10-23-09
869
#23
I outsource my line thinking
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jds07v
SBR MVP
10-19-09
1335
#24
I have thought about this before. The difference is that I go to work because I have to. I bet on sports because I want to. Each way adds some extra money into my bank acct. The thing about it is, I make money doing what I would do anyway, on my free time.
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uva3021
SBR Wise Guy
03-01-07
537
#25
For football season, 30 seconds on sat and sun morning fading beat the prick, wagerline, and services
baseball is a different story, almost like a full time job