Behind the scenes of the gambling industry
Collapse
X
-
Swaggy PSBR MVP
- 01-28-14
- 1091
#1Behind the scenes of the gambling industryTags: None -
Pacific SquareSBR Sharp
- 12-08-12
- 313
#2He's probably referring to typical casino games like slots, blackjack, roulette, craps, etc..Comment -
bjb7223SBR Posting Legend
- 11-03-12
- 10349
#3A William Hill snitchComment -
agendamanSBR MVP
- 12-01-11
- 3727
#6billy walters beat bookies up for 36 yearsComment -
Swaggy PSBR MVP
- 01-28-14
- 1091
#1199.99 % lose in sports betting as well. If you are one of the 0.01% who makes a consistent profit and is up overall then you are a rare unicorn my friend.Comment -
stevenashModerator
- 01-17-11
- 65461
#12IMO
Spot play underdogs is the recipe for success.
Volume bettors and chalk layers are bankroll killers.
Like I said, just my opinion.
I've been spot playing MLB dogs for years, I'm not a millionaire with a mansion and a yacht (as the great philosopher Elmer J. Fudd once said) but I ain't in the poor house either.Comment -
d2betsBARRELED IN @ SBR!
- 08-10-05
- 39995
-
d2betsBARRELED IN @ SBR!
- 08-10-05
- 39995
#14IMO
Spot play underdogs is the recipe for success.
Volume bettors and chalk layers are bankroll killers.
Like I said, just my opinion.
I've been spot playing MLB dogs for years, I'm not a millionaire with a mansion and a yacht (as the great philosopher Elmer J. Fudd once said) but I ain't in the poor house either.Comment -
Swaggy PSBR MVP
- 01-28-14
- 1091
#15IMO
Spot play underdogs is the recipe for success.
Volume bettors and chalk layers are bankroll killers.
Like I said, just my opinion.
I've been spot playing MLB dogs for years, I'm not a millionaire with a mansion and a yacht (as the great philosopher Elmer J. Fudd once said) but I ain't in the poor house either.Comment -
veriableoddsSBR Hall of Famer
- 08-22-17
- 5093
#16IMO
Spot play underdogs is the recipe for success.
Volume bettors and chalk layers are bankroll killers.
Like I said, just my opinion.
I've been spot playing MLB dogs for years, I'm not a millionaire with a mansion and a yacht (as the great philosopher Elmer J. Fudd once said) but I ain't in the poor house either.
disagree with the volume betting. so many factors for volume + reduced wager size when volume betting. Multiple angles/systems/theories at one time ect ect. I tend to also agree with underdogs albiet just not the spot plays, more like value, bias ect ect.
Anyone that has had success talking overall knows almost 1/3 of all bets should be underdogs regardlessComment -
stevenashModerator
- 01-17-11
- 65461
-
Swaggy PSBR MVP
- 01-28-14
- 1091
#18Comment -
veriableoddsSBR Hall of Famer
- 08-22-17
- 5093
#19Comment -
KVBSBR Aristocracy
- 05-29-14
- 74817
#20
disagree with the volume betting. so many factors for volume + reduced wager size when volume betting. Multiple angles/systems/theories at one time ect ect. I tend to also agree with underdogs albiet just not the spot plays, more like value, bias ect ect.
Anyone that has had success talking overall knows almost 1/3 of all bets should be underdogs regardless
They don't want to understand because they are lazy and would rather do no work and just "bet underdogs" or "invest in a blue chip".
It's a common theme in this industry and is why the lazy lose their money in sports betting to those who put the work in, while the book just facilitates the transaction.
Comment -
stevenashModerator
- 01-17-11
- 65461
#21Nobody in this thread understands what you guys are trying to say.
They don't want to understand because they are lazy and would rather do no work and just "bet underdogs" or "invest in a blue chip".
It's a common theme in this industry and is why the lazy lose their money in sports betting to those who put the work in, while the book just facilitates the transaction.
Comment -
stevenashModerator
- 01-17-11
- 65461
#22
At -108 reduced juice you need to win 52 percent of your coin flips just to break even.
How many are good enough to win 52 or more out of 100?
That's my point about volume betting.Comment -
d2betsBARRELED IN @ SBR!
- 08-10-05
- 39995
-
d2betsBARRELED IN @ SBR!
- 08-10-05
- 39995
#24
Number one, you have to bet with an edge. And then if you do bet with an edge, you need as much volume as possible to reduce variance. Bet with an edge over 100 plays you might lose. Bet with an edge over 1,000 plays and you will not lose.
So that's when I shake my head when someone says just bet your two best plays per week, or some nonsense like that.Comment -
stevenashModerator
- 01-17-11
- 65461
#25That's why you don't bet coin flips.
Number one, you have to bet with an edge. And then if you do bet with an edge, you need as much volume as possible to reduce variance. Bet with an edge over 100 plays you might lose. Bet with an edge over 1,000 plays and you will not lose.
So that's when I shake my head when someone says just bet your two best plays per week, or some nonsense like that.
I'm seeking out MLB dogs what should be slight favorites in my opinion.
I'm not betting flips per se, but I'll bet what I believe should be an even money prop if I can get, say, +135 or so.
Clearer?Comment -
hehfestSBR Hall of Famer
- 09-28-08
- 7934
#26
Yeah I did, and you don't listen, I tell you to play within your means, you risk your whole bank roll, I tell you not to over extend yourself, to rebuild, so you don't have to hock for more, I was giving you a living, showing you the playbook I put together off my beats and that wasn't enough for you.
Stones? you little punk, I'm not playing for the thrill of penetrating victory here, I owe rent, alimony, child support, I play for money, my kids eat, I got stones enough not to chase card actions of penetrating pipe dreams of winning the world series on ESPN, but about the money I've gotto turn my back, I've got to say no.
--- I've lived for 5 years starting with about a 5k bankroll to my name. Mortgage back to normal, pay all my bills, and I eat. Don't have to pay child support right now thankfully since I have a deal with the X. But, the margins are tight. I don't have another income. That's why when I get punks saying to me "Why don't you bet more?" Listen little punks, because I have to play it tight to survive.Comment -
Swaggy PSBR MVP
- 01-28-14
- 1091
#27And I like that line from the movie Rounders which fits me to some extent like I'm Joey Knish:
Yeah I did, and you don't listen, I tell you to play within your means, you risk your whole bank roll, I tell you not to over extend yourself, to rebuild, so you don't have to hock for more, I was giving you a living, showing you the playbook I put together off my beats and that wasn't enough for you.
Stones? you little punk, I'm not playing for the thrill of penetrating victory here, I owe rent, alimony, child support, I play for money, my kids eat, I got stones enough not to chase card actions of penetrating pipe dreams of winning the world series on ESPN, but about the money I've gotto turn my back, I've got to say no.
--- I've lived for 5 years starting with about a 5k bankroll to my name. Mortgage back to normal, pay all my bills, and I eat. Don't have to pay child support right now thankfully since I have a deal with the X. But, the margins are tight. I don't have another income. That's why when I get punks saying to me "Why don't you bet more?" Listen little punks, because I have to play it tight to survive.Comment -
veriableoddsSBR Hall of Famer
- 08-22-17
- 5093
#28Nobody in this thread understands what you guys are trying to say.
They don't want to understand because they are lazy and would rather do no work and just "bet underdogs" or "invest in a blue chip".
It's a common theme in this industry and is why the lazy lose their money in sports betting to those who put the work in, while the book just facilitates the transaction.
Its quite unfortunate to see a lack of motivation, drive, rebellion, inspiration, freedom ect ect which has become today's society light of industry...lol Genuinely you would think SBR is the place to come together for knowledge and thought sharing for the thinking out-side the box to for improvement, but I could be wrong.Comment -
d2betsBARRELED IN @ SBR!
- 08-10-05
- 39995
#29
Let's say, for example, you grinded daily for $1 million profit over the past 3 years on $25 million volume, averaging over $25,000 profit per month. Within that, you are going to find 5-8 losing streaks of $20-30k, or something along those lines. If you have a consistent process and see results over time, it's not as stressful. Not going to say it's not stressful at all, because even when you've won a lot, falling back a bit is annoying at best.Comment -
stevenashModerator
- 01-17-11
- 65461
#30^
If I were to hang a number on this I would say 98 percent of gamblers when on a heater expect to remain on a heater that's not sustainable.
It's human nature.
I take exception to the passive/aggressive types with their vague posts here that assume I'm lazy and don't do the work, yadda, yadda, yadda, where nothing could be further than the truth.Comment -
OptionalAdministrator
- 06-10-10
- 61373
#31I don't agree with this at all.
UK regulated books are much much less "fair" minded than I have seen from any US state regulator so far.
In fact I would say the UK is the gold standard of a corrupted licensing and regulation system. They are a little better in 2023 than they were from 2000-2020, but still the worst model of all "respected" jurisdictions imho..Comment -
FishheadSBR Aristocracy
- 08-11-05
- 40179
#32That's why you don't bet coin flips.
Number one, you have to bet with an edge. And then if you do bet with an edge, you need as much volume as possible to reduce variance. Bet with an edge over 100 plays you might lose. Bet with an edge over 1,000 plays and you will not lose.
So that's when I shake my head when someone says just bet your two best plays per week, or some nonsense like that.
It appears Circa will be in ILLINOIS come AUGUST 1st, enjoy.Comment -
Nate rastaSBR MVP
- 05-30-22
- 2953
#33Only way to win are futures and spot parlays.get in and get outComment
SBR Contests
Collapse
Top-Rated US Sportsbooks
Collapse
#1 BetMGM
4.8/5 BetMGM Bonus Code
#2 FanDuel
4.8/5 FanDuel Promo Code
#3 Caesars
4.8/5 Caesars Promo Code
#4 DraftKings
4.7/5 DraftKings Promo Code
#5 Fanatics
#6 bet365
4.7/5 bet365 Bonus Code
#7 Hard Rock
4.1/5 Hard Rock Bet Promo Code
#8 BetRivers
4.1/5 BetRivers Bonus Code