Behind the scenes of the gambling industry

Optional · 05-01-23, 10:43 AM

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.

Nate rasta · 05-01-23, 11:48 AM

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

veriableodds · 05-01-23, 12:26 PM

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?

KVB · 05-01-23, 12:29 PM

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...

Fishhead · 05-01-23, 12:31 PM

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.

Nate rasta · 05-01-23, 12:54 PM

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

d2bets · 05-01-23, 12:56 PM

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.

Fishhead · 05-01-23, 12:59 PM

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................

pavyracer · 05-01-23, 01:04 PM

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

I rest my case.

stevenash · 05-01-23, 01:08 PM

*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?

Optional · 05-01-23, 01:12 PM

33%

stevenash · 05-01-23, 01:20 PM

Originally posted by Optional

33%

Yep, most people's knee jerk reaction is "25 percent, well duh"?

pavyracer · 05-01-23, 02:01 PM

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%.

Nate rasta · 05-01-23, 02:23 PM

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

d2bets · 05-01-23, 02:28 PM

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.

Nate rasta · 05-01-23, 02:29 PM

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

d2bets · 05-01-23, 02:29 PM

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.

stevenash · 05-01-23, 02:32 PM

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?

lakerboy · 05-01-23, 03:08 PM

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.

KS1986 · 05-01-23, 03:45 PM

Originally posted by pavyracer

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

I rest my case.

Fishhead · 05-01-23, 03:53 PM

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.

stevenash · 05-01-23, 04:01 PM

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.

KVB · 05-01-23, 04:53 PM

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.

KVB · 05-01-23, 04:54 PM

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.

pavyracer · 05-01-23, 05:38 PM

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!

2Sweeet · 05-01-23, 05:43 PM

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

milwaukee mike · 05-01-23, 07:35 PM

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

KVB · 05-01-23, 07:40 PM

Originally posted by lakerboy

Cool thread...

It just reflects the already devastatingly low gambling IQ at SBR. Something many of us have always lamented.

hehfest · 05-02-23, 05:16 AM

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.

d2bets · 05-02-23, 07:50 AM

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.

Ksherm · 05-02-23, 11:51 AM

He must work for Cashbet or Betagame..

milwaukee mike · 05-02-23, 12:12 PM

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

KVB · 05-02-23, 01:29 PM

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.

veriableodds · 05-02-23, 02:31 PM

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.

Nate rasta · 05-03-23, 12:49 AM

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.