Behind the scenes of the gambling industry

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  • Optional
    Administrator
    • 06-10-10
    • 61405

    #36
    Originally posted by Nate rasta
    Only way to win are futures and spot parlays.get in and get out
    If you treat gambling as a hobby and only bet with money you would spend on some other leisure activity anyway, then I agree lottery ticket odds parlays and spot plays are the way to go.

    No need to make your hobby a grind when you "know" you are good enough at it to hit a few big scores each year. And all wins are profit when you are only paying a normal entry fee to play.
    .
    Comment
    • Nate rasta
      SBR MVP
      • 05-30-22
      • 2953

      #37
      Originally posted by Fishhead
      Lots of sarcastic posts in this thread, add this one to the list.
      Trying to grind out a 5% profit only works if your a wealthy professional. Us average Joe's have to really pick and choose our spots and hammer it when the iron is hot
      Comment
      • veriableodds
        SBR Hall of Famer
        • 08-22-17
        • 5093

        #38
        Originally posted by Fishhead
        It's really not a hard concept to grasp, but some will never get it.

        It appears Circa will be in ILLINOIS come AUGUST 1st, enjoy.


        That would be great to see this happen, bring competitive on lines to everyone. But why would success still need to chase a few extra pennies more? Which scene in cool hand luke does this remind you of?
        Comment
        • KVB
          SBR Aristocracy
          • 05-29-14
          • 74817

          #39
          Originally posted by Nate rasta
          Trying to grind out a 5% profit only works if your a wealthy professional..
          No, 5% is 5%.

          Even wealthy professionals had to start somewhere. Instead of looking at how little 5% of a current bankroll is, one should remember that...

          Comment
          • Fishhead
            SBR Aristocracy
            • 08-11-05
            • 40179

            #40
            Originally posted by veriableodds
            That would be great to see this happen, bring competitive on lines to everyone. But why would success still need to chase a few extra pennies more? Which scene in cool hand luke does this remind you of?
            Circa is fine, this will be their 4th state.

            They know how to operate a sportsbook successfully, all the while giving their clients excellent customer service and tremendous betting opportunities.

            They are one of the best books on the planet, and have always been #1 or #2 here in Nevada, most times at #1.
            Comment
            • Nate rasta
              SBR MVP
              • 05-30-22
              • 2953

              #41
              Originally posted by KVB
              No, 5% is 5%.

              Even wealthy professionals had to start somewhere. Instead of looking at how little 5% of a current bankroll is, one should remember that...

              True that
              Comment
              • d2bets
                BARRELED IN @ SBR!
                • 08-10-05
                • 39995

                #42
                Originally posted by Nate rasta
                Trying to grind out a 5% profit only works if your a wealthy professional. Us average Joe's have to really pick and choose our spots and hammer it when the iron is hot
                People hear 5% and they think it's not much. But the thing to understand is that this is not a 5% per annum interest rate. It's 5% of wagers. Now imagine if you spread it out and bet half of your bankroll per day. That's +2.5%...per day. Now multiple times 365 or however many days you do this. And compound. Of course results are never neat like that, but you get the point. 5% is huge if you bet volume.
                Comment
                • Fishhead
                  SBR Aristocracy
                  • 08-11-05
                  • 40179

                  #43
                  Originally posted by d2bets
                  People hear 5% and they think it's not much. But the thing to understand is that this is not a 5% per annum interest rate. It's 5% of wagers. Now imagine if you spread it out and bet half of your bankroll per day. That's +2.5%...per day. Now multiple times 365 or however many days you do this. And compound. Of course results are never neat like that, but you get the point. 5% is huge if you bet volume.
                  1-2% could even be considered huge................
                  Comment
                  • pavyracer
                    SBR Aristocracy
                    • 04-12-07
                    • 82750

                    #44
                    Name one guy that became a millionaire by betting sports exclusively and not having another job.

                    I rest my case.
                    Comment
                    • stevenash
                      Moderator
                      • 01-17-11
                      • 65478

                      #45
                      *off topic*

                      If a laptop priced at 749 dollars is on sale at 25 percent off, what percentage would be needed to restore that laptop to it's original 749 dollar cost?
                      Comment
                      • Optional
                        Administrator
                        • 06-10-10
                        • 61405

                        #46
                        33%
                        .
                        Comment
                        • stevenash
                          Moderator
                          • 01-17-11
                          • 65478

                          #47
                          Originally posted by Optional
                          33%
                          Yep, most people's knee jerk reaction is "25 percent, well duh"?
                          Comment
                          • pavyracer
                            SBR Aristocracy
                            • 04-12-07
                            • 82750

                            #48
                            Originally posted by stevenash
                            *off topic*

                            If a laptop priced at 749 dollars is on sale at 25 percent off, what percentage would be needed to restore that laptop to it's original 749 dollar cost?
                            It's the same with stocks. If a stock is $50 per share and it dropped to $25 a share it lost 50% of it's value but in order to go back to $50 it needs to double up or gain 100%.
                            Comment
                            • Nate rasta
                              SBR MVP
                              • 05-30-22
                              • 2953

                              #49
                              Originally posted by pavyracer
                              Name one guy that became a millionaire by betting sports exclusively and not having another job.

                              I rest my case.
                              I agree I always thought that whatever size bettor you are or whatever your bankroll is, is just a product of where you are financially in life and how good of a career you have. There might be a rare exception but betting size is just a reflection of what size income you have from a job
                              Comment
                              • d2bets
                                BARRELED IN @ SBR!
                                • 08-10-05
                                • 39995

                                #50
                                Originally posted by Fishhead
                                1-2% could even be considered huge................
                                Over a massive sample size, sure. The larger the sample, the more relevant and accurate. An edge is an edge. If you can bet "unlimited amounts" then even 1-2% of an "unlimited amount" is quite nice.
                                Comment
                                • Nate rasta
                                  SBR MVP
                                  • 05-30-22
                                  • 2953

                                  #51
                                  A while back a tout kept calling my phone trying to sell me pics. And he said you been doing this for 10 years and you're still only betting $100 a game something is not right. And I thought the only way you'll see me betting a thousand game is if my income triples or quadruples..... I gave the guy a hundred bucks and he went on 0-5 on the weekend. I'll never do that again LOL
                                  Last edited by Nate rasta; 05-01-23, 02:33 PM.
                                  Comment
                                  • d2bets
                                    BARRELED IN @ SBR!
                                    • 08-10-05
                                    • 39995

                                    #52
                                    Originally posted by pavyracer
                                    Name one guy that became a millionaire by betting sports exclusively and not having another job.

                                    I rest my case.
                                    I can name one, and it's actually not me, because I do have another job.
                                    Comment
                                    • stevenash
                                      Moderator
                                      • 01-17-11
                                      • 65478

                                      #53
                                      Originally posted by pavyracer
                                      It's the same with stocks. If a stock is $50 per share and it dropped to $25 a share it lost 50% of it's value but in order to go back to $50 it needs to double up or gain 100%.
                                      The previous posts about five percent this, and two percent that was the reason why that 'pop quiz percentage question' popped into my mind.

                                      *Open question*

                                      If your buddy said to you "I'll take heads, you can take tails, and we'll flip 100 times. Because I'm forcing you tails I'll pay you +130 everytime tails is the result, you have to pay me just even money (+100) everytime heads comes up, we stop after the 100th toss"

                                      Would you accept that prop?

                                      If so, how is that any different than me seeking out MLB spots where I think the game should be +100 but the books are offering me +130 on the team I like?
                                      Comment
                                      • lakerboy
                                        SBR Aristocracy
                                        • 04-02-09
                                        • 94379

                                        #54
                                        Cool thread. If you have been on this site for 10 years and still aren't winning im not sure what to say. I'm not saying the advice or plays on here will help you win but you should have picked up a few things along the way.


                                        For me the biggest thing is

                                        PATIENCE

                                        You can turn a few bucks into thousands in a matter of minutes. Also you probably need to expand your portfolio. Sports betting isn't just NBA, NFL and MLB.
                                        Comment
                                        • KS1986
                                          SBR Wise Guy
                                          • 05-20-17
                                          • 558

                                          #55
                                          Originally posted by pavyracer
                                          Name one guy that became a millionaire by betting sports exclusively and not having another job.

                                          I rest my case.
                                          Comment
                                          • Fishhead
                                            SBR Aristocracy
                                            • 08-11-05
                                            • 40179

                                            #56
                                            Originally posted by pavyracer
                                            Name one guy that became a millionaire by betting sports exclusively and not having another job.

                                            I rest my case.
                                            ..............quite a few that never became millionaires did however make ONE MILLION+ betting sports.
                                            Comment
                                            • stevenash
                                              Moderator
                                              • 01-17-11
                                              • 65478

                                              #57
                                              Originally posted by lakerboy
                                              Cool thread. If you have been on this site for 10 years and still aren't winning im not sure what to say. I'm not saying the advice or plays on here will help you win but you should have picked up a few things along the way.
                                              Agreed, it's a real cool thread, and most helpful to lazy fuks that refuse and won't put in the time to break down games and write them up on occasions... Like myself.
                                              Comment
                                              • KVB
                                                SBR Aristocracy
                                                • 05-29-14
                                                • 74817

                                                #58
                                                Originally posted by pavyracer
                                                Name one guy that became a millionaire by betting sports exclusively and not having another job.

                                                I rest my case.
                                                You have no case. You just think you do.

                                                Comment
                                                • KVB
                                                  SBR Aristocracy
                                                  • 05-29-14
                                                  • 74817

                                                  #59
                                                  Originally posted by d2bets
                                                  I can name one, and it's actually not me, because I do have another job.
                                                  I wonder what pavy would think if he realized that there so many things he doesn't know about this topic.

                                                  Might shatter his world.

                                                  Comment
                                                  • pavyracer
                                                    SBR Aristocracy
                                                    • 04-12-07
                                                    • 82750

                                                    #60
                                                    Originally posted by Fishhead
                                                    ..............quite a few that never became millionaires did however make ONE MILLION+ betting sports.
                                                    My lifetime wages are more than 2 million. That does not mean I'm a millionaire. Everyone in their lifetime will make more than 1 million even if they are flipping burgers every day!
                                                    Comment
                                                    • 2Sweeet
                                                      SBR MVP
                                                      • 08-31-22
                                                      • 1209

                                                      #61
                                                      Originally posted by Swaggy P
                                                      It's still a foolish way to spend money as opposed to say investing in solid blue chip companies that pay out dividends.
                                                      Then what the hell are you here for. Go fckkk off Faggy P
                                                      Comment
                                                      • milwaukee mike
                                                        BARRELED IN @ SBR!
                                                        • 08-22-07
                                                        • 26914

                                                        #62
                                                        Originally posted by pavyracer
                                                        My lifetime wages are more than 2 million. That does not mean I'm a millionaire. Everyone in their lifetime will make more than 1 million even if they are flipping burgers every day!
                                                        but you said nobody ever became a millionaire by only being a professional gambler

                                                        my son will probably get there, unless he gets a real job, not just sports though

                                                        some people have always been narrow minded, and think the only thing you can bet tonight is phx +3.5 or den -3.5

                                                        if that was the case, then yes nobody could have enough of an edge to make a living
                                                        Comment
                                                        • KVB
                                                          SBR Aristocracy
                                                          • 05-29-14
                                                          • 74817

                                                          #63
                                                          Originally posted by lakerboy
                                                          Cool thread...


                                                          It just reflects the already devastatingly low gambling IQ at SBR. Something many of us have always lamented.
                                                          Comment
                                                          • hehfest
                                                            SBR Hall of Famer
                                                            • 09-28-08
                                                            • 7934

                                                            #64
                                                            Originally posted by d2bets
                                                            Not really. Every professional has losing streaks. It's inevitable. I think the hard thing might be "getting started" and trusting the process. If it's from scratch and you start on a losing streak, it's easy to see how one could lose faith. But if you don't have multiple losing streaks per year, you aren't a professional. If those losing streaks fukk you though, you're doing something wrong.

                                                            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.
                                                            Correct. Losing streaks are a guarantee. The only thing one can get good at is when they know they aren't running good to back the bets down and the coin. There is nothing wrong with a 100 buck bet or even 200 either. I had a losing streak for about 5-6 days about a week and a half ago and took a bath, but it turned right around. So, I backed off until I got back on track.
                                                            Comment
                                                            • d2bets
                                                              BARRELED IN @ SBR!
                                                              • 08-10-05
                                                              • 39995

                                                              #65
                                                              Originally posted by hehfest
                                                              Correct. Losing streaks are a guarantee. The only thing one can get good at is when they know they aren't running good to back the bets down and the coin. There is nothing wrong with a 100 buck bet or even 200 either. I had a losing streak for about 5-6 days about a week and a half ago and took a bath, but it turned right around. So, I backed off until I got back on track.
                                                              Wrong. I don't change anything when variance goes bad. It can turn the other way at any moment. If I get +110 to bet heads and it comes up tails 5 times, do I back off because I'm running bad? Hell no.
                                                              Comment
                                                              • Ksherm
                                                                SBR MVP
                                                                • 07-13-10
                                                                • 1067

                                                                #66
                                                                He must work for Cashbet or Betagame..
                                                                Comment
                                                                • milwaukee mike
                                                                  BARRELED IN @ SBR!
                                                                  • 08-22-07
                                                                  • 26914

                                                                  #67
                                                                  Originally posted by d2bets
                                                                  Wrong. I don't change anything when variance goes bad. It can turn the other way at any moment. If I get +110 to bet heads and it comes up tails 5 times, do I back off because I'm running bad? Hell no.
                                                                  poker/casino/sports/etc, you're absolutely right

                                                                  too many people are outcome-based rather than decision-based... if you're making the right decisions then the outcomes will eventually work themselves out, especially with your high volume approach

                                                                  like the twin spires racing promo, they give you $10 refund if you bet that on a horse to win and it gets 2nd/3rd... over 20 races i lost $120 yesterday, but i'm right back at it today... over a million bets if it's gonna be ahead then keep grinding
                                                                  Comment
                                                                  • KVB
                                                                    SBR Aristocracy
                                                                    • 05-29-14
                                                                    • 74817

                                                                    #68
                                                                    Originally posted by milwaukee mike
                                                                    ...too many people are outcome-based rather than decision-based... if you're making the right decisions then the outcomes will eventually work themselves out, especially with your high volume approach...
                                                                    I've been saying for a long time that bettors should stop trying to make the bet that wins and start focusing on making winning bets.

                                                                    It seems not many understand that concept and even fewer have the ability to abide by it.
                                                                    Comment
                                                                    • veriableodds
                                                                      SBR Hall of Famer
                                                                      • 08-22-17
                                                                      • 5093

                                                                      #69
                                                                      Originally posted by KVB
                                                                      I've been saying for a long time that bettors should stop trying to make the bet that wins and start focusing on making winning bets.

                                                                      It seems not many understand that concept and even fewer have the ability to abide by it.


                                                                      True that.
                                                                      Comment
                                                                      • Nate rasta
                                                                        SBR MVP
                                                                        • 05-30-22
                                                                        • 2953

                                                                        #70
                                                                        Originally posted by KVB
                                                                        I've been saying for a long time that bettors should stop trying to make the bet that wins and start focusing on making winning bets.

                                                                        It seems not many understand that concept and even fewer have the ability to abide by it.
                                                                        Well let me ask you this,I seen in one of your videos you're talking about building a bankroll from scratch.it's not possible. If it's possible then tell me how? This is a rich man's game.the only way to small guys can win is to pick and choose and hit Futures and rollover bets, cash out and start over and repeat. The books know it, you know it, the Grind long game is for the rich. the quick game is for the poor.
                                                                        Comment
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