[Crate Mayne]

Alright so after I reloaded my account for the NBA Playoffs, and found myself basically losing every sure thing big bet, and winning every small bet... It got me wondering:

Tell me you guys don't gamble on sports as your sole means to earning extra income? I'm pretty sure no professional gambler is hanging out around these forums, and sure gambling is fun, but stock market is where I make my money. I'll gladly take earning a $100 for every cent a stock price rises, instead of the consistent heartbreak that is sports gambling. I was hitting damn near 85% during college bball season, and can't wait for football... But overall, I don't look at gambling as a means to make me, or anybody rich. And that's why I really hope some of you peeps don't expect it to be your sole outside income generators.

You put 1/10th the time and effort into researching a stock that some of you already put into crunching the numbers to arrive at backing a losing sports bet, and you'll make money in the market. Only people that hate the stock market are those who aren't in it, those who don't do one ounce of research on a stock, or tards that play penny stocks and lose everything.

So basically I guess I'm saying, I hope some of you are smart about how you let your money work for you. Lose a sports bet and you lost that money for good. Whereas a bad day in the market means you didn't lose anything until the day you decide to sell.... And if you don't sell, it's likely bouncing back up within few hours, days, or week.

I'mma continue to bet on games to make them more interesting, but only a fool uses all his extra income towards gambling. And if your one of those fools, enjoy your retirement dead broke while I'm enjoying monthly dividend checks for $1,000s.

This sounded like a PSA, but really though, just tryna gauge if everyone here is just a straight up degenerate or not.

[greenhippo]

Crate good post

Crate no doubt there are fewer than 5 posters here to make consistent money year after year

Crate I need two points for 1700 help me out

[Boner_18]

I'mma continue to bet on games to make them more interesting, but only a fool uses all his extra income towards gambling. And if your one of those fools, enjoy your retirement dead broke while I'm enjoying monthly dividend checks for $1,000s.

Most publicly traded companies go ex-div quarterly. Jeeezus.

[Crate Mayne]

Most publicly traded companies go ex-div quarterly. Jeeezus.

Keyword being "most"... check some REITs and such, and then you find monthly dividends. But yes, I'll admit I stated monthly so that straight up degenerates wouldn't try to downplay my comments by saying, "you only get paid 4 times a year"

[Ralphie Halves]

Semi-Pro forex trader hoping to go full-time in the next year or so.

[Smoke]

Crater nobody here really wins long term except for doughboy22 and the lion

Crater off the forum billy walters is only one

Crater I am down 20K lifetime

Crater only way to win is become a tout or bookie

[greenhippo]

Crater gets it

Smoke gets it

Hippo has a slight understanding

Hippo is down about 5k lifetime

[redsoxfreak91]

I sell my body for funds....its fun and makes good money. A weekend in vegas racks me about 3 grand. Not to shabby for banging.

[Crate Mayne]

Semi-Pro forex trader hoping to go full-time in the next year or so.

No doubt, props on that. Tried a couple times myself, but just wasn't my thing. Found it much easier sticking to stocks and options.

Crater nobody here really wins long term except for doughboy22 and the lion

Crater off the forum billy walters is only one

Crater I am down 20K lifetime

Crater only way to win is become a tout or bookie

And no doubt Smoke and Hippo, atleast you guys are honest... Always fun to gamble with un-needed money, but in the end it just isn't a profitable venture for 99% of the people doing it. I loaded my 5dimes account back up because I figured I'd make some quick dough before putting it back into my stock account... and of course that proved a dumb choice. lol

[TheCentaur]

A big difference in sports gambling and the stock market is the volatility. Sports betting is much more volatile, while stock markets tend to be overall bearish and bullish.

Sure there are a bunch of people who are making good money now, it's at an all time high. Back in 2008 there were a bunch of stock market horror stories while everyone was saying sportsbetting is a better investment and those markets are more easily exploited.

[Crate Mayne]

True, but overall its a safer "bet" in the market then using all your income towards hoping you hit some wild gambling streaks. And can't lie, that crash in 2008 is sole means for me sitting extra pretty right now. All my bank stocks were literally bought at their lowest point, and up around 200% these past two years, and will keep growing. Then add in future dividend increases, and I can pretty much expect 100% yearly gains from dividends alone from some of the stocks.

So that's basically what I'm getting at. Short-term sports betting might make you some nice coin, but long-term you wont be better off if any of the people on here are using it as their sole means to make extra money.

I'd rather plop 5k down on a stock bet that gets me 5k every year, then a 5k bet that might earn me 5k once, and then never again.

[BBall Bet]

I make money through businesses I own. I also have a few invested in a few etf that is hitting 25% to 30?% per 3 months.

Will my success in other investment/business translate to sports gambling? I don't know, because I'm new to it. When I started a few days ago, I was a dart throwing monkey, losing money.

But now I'm on a winning roll. I know that small sample size yields high variance, but so far I've doubled by bankroll in a few days using a system that I created. Will it be successful in the long term? I don't know, maybe I can sustain it or maybe not. But I'd like to try.

One thing is for sure: I would be happy to hit 58-59% a year from now, and compound my bankroll using half-Kelly method. That is my goal.

[NYSportsGuy210]

A big difference in sports gambling and the stock market is the volatility. Sports betting is much more volatile, while stock markets tend to be overall bearish and bullish.

Sure there are a bunch of people who are making good money now, it's at an all time high. Back in 2008 there were a bunch of stock market horror stories while everyone was saying sportsbetting is a better investment and those markets are more easily exploited.

STFU guey

Anyone who calls sports betting an "investment" (OP included) needs to stop betting sports period.

[manny24]

I sell my body for funds....its fun and makes good money. A weekend in vegas racks me about 3 grand. Not to shabby for banging.

freaker gets it

also crater cool looking thread did not read too long but tto broke for investing

crater beleib in yourself

crater give us a winner boss

[Crate Mayne]

STFU guey

Anyone who calls sports betting an "investment" (OP included) needs to stop betting sports period.

I didn't title the thread the best, but regardless, sports betting is still considered an "investment". Usually a losing one, but still an investment.

[ChalkyDog]

Trying to get into the education racket.

Stacking chips right now. The buy in is ridiculous.

[itchypickle]

You are correct that it's only a loss once you sell....however the opposite side of that coin remains as well - your "I earn $100 every cent the stock goes up" is an unrealized gain until you sell.

And if you're putting all of your cost basis solely in 'stocks' as a retirement plan then you are in the minority.

[UntilTheNDofTimE]

True, but overall its a safer "bet" in the market then using all your income towards hoping you hit some wild gambling streaks. And can't lie, that crash in 2008 is sole means for me sitting extra pretty right now. All my bank stocks were literally bought at their lowest point, and up around 200% these past two years, and will keep growing. Then add in future dividend increases, and I can pretty much expect 100% yearly gains from dividends alone from some of the stocks.

So that's basically what I'm getting at. Short-term sports betting might make you some nice coin, but long-term you wont be better off if any of the people on here are using it as their sole means to make extra money.

I'd rather plop 5k down on a stock bet that gets me 5k every year, then a 5k bet that might earn me 5k once, and then never again.

Although i agree with everything you say, and i dont sportsbet anymore myself, please enlighten me as to how you make a 100% annual return solely off dividends and stocks. You are obviously trading futures and options correct?

[rm18]

crater i am up a good amount over my 9 years but not going very well recently it gets harder when you lose your bonuses and comps or limits or get banned and I think the lines are more accurate too. Mostly going to bet props and futures and play more poker now unless I build my bankroll back.

also if you have betfair, matchy, pinnacle etc. it would be easier if you live outside the USA. If I was selfish and just worried about my bankroll would of done a lot better

[No coincidences]

crater i am up a good amount over my 9 years but not going very well recently it gets harder when you lose your bonuses and comps or limits or get banned and I think the lines are more accurate too. Mostly going to bet props and futures and play more poker now unless I build my bankroll back.

also if you have betfair, matchy, pinnacle etc. it would be easier if you live outside the USA. If I was selfish and just worried about my bankroll would of done a lot better

More information is available than ever before thanks to the Internet. Bettors are armed with knowledge and angles they've never had. This has forced the books to get creative with their lines and what they do with them.

[NYSportsGuy210]

I didn't title the thread the best, but regardless, sports betting is still considered an "investment". Usually a losing one, but still an investment.

Correct.

[floridagolfer]

Keyword being "most"... check some REITs and such, and then you find monthly dividends. But yes, I'll admit I stated monthly so that straight up degenerates wouldn't try to downplay my comments by saying, "you only get paid 4 times a year"

Plenty of bond ETFs out there that'll keep sending that dividend check every month. This is the easiest money you'll ever make.

[k13]

Keyword being "most"... check some REITs and such, and then you find monthly dividends. But yes, I'll admit I stated monthly so that straight up degenerates wouldn't try to downplay my comments by saying, "you only get paid 4 times a year"

Yes but $100k at 10% does not even give you $1k a month.

Most people don't have $100k lying around, if they do they are unlikely to put in a high risk "stock"
Good luck finding 10% + consistent returns long-term these days.

Used to get 15% from energy funds but those days are long gone.

[k13]

I'd rather plop 5k down on a stock bet that gets me 5k every year,

LOL

Sounds like the gambling people on here.

I BET you can't. (it would be the easiest money ever)
I'll bet you EVERY year you won't make 100% on your stock "bet".

[dontknowhowtobet]

Hi Crate,

This and last year I made more profits from betting on NBA and the US elections:

http://www.sportsbookreview.com/forum/players-ta...ey.html?slf=27

But, it did lead me a few times to place £1,000 bets and I told myself that's it, it's too much.
So I self excluded myself until October from 32Red and Pinnacle which allowed me to place huge bets and took bookies that don't allow me to bet big amounts (such as TheGreek, RedKings and others).

I found self-exclusion to be a useful tool for a better, likewise a cooling off period.
Soon I will try SkyBet back again and bet £200 there.

But basically, I don't know much about stocks market, but I do understand that the NBA, Baseball and all these US Sports are run by Vegas ... they set a line of 12 in Baseball just to make everyone go UNDER and the few ones betting the over as well as Vegas itself make money.

I don't believe the Sports are nowadays played with pure heart and pure win ... it's a show, lots of it a show ....

For example,

I told myself based on patterns I've seen before, Memphis - OKC ended 184 pts, just around that line .... so I figured the other line would be OVER between Knicks and Pacers and that one won't be close to the line ... so I waited 1st-2nd quarter to confirm it's heading this way, placed the over bets in live and made my £400 ($600) there.

My problem is not with that....

My problem is to stay in control ... see this thread?

http://www.sportsbookreview.com/forum/players-ta...oney-line.html

Why would I risk $1400 US Dollars just to win $140? It's stupid, right?

Well for me it's not ... I didn't wanna find myself betting with this money on Tennis or other stupid things and I told myself this is going to be my way to not touch the money ...

See?

If I could, be in full control, I wouldn't even place any bet, I would take the £967 back (not betting on the Baseball neither) and just wait for a good opportunity ....

But this is the problem...

If you have control you can make money out of this, I'm talking from experienced, and based on pure facts from my own life, not others!

[Russian Rocket]

Hi Crate,

This and last year I made more profits from betting on NBA and the US elections:

http://www.sportsbookreview.com/forum/players-ta...ey.html?slf=27

But, it did lead me a few times to place £1,000 bets and I told myself that's it, it's too much.
So I self excluded myself until October from 32Red and Pinnacle which allowed me to place huge bets and took bookies that don't allow me to bet big amounts (such as TheGreek, RedKings and others).

I found self-exclusion to be a useful tool for a better, likewise a cooling off period.
Soon I will try SkyBet back again and bet £200 there.

But basically, I don't know much about stocks market, but I do understand that the NBA, Baseball and all these US Sports are run by Vegas ... they set a line of 12 in Baseball just to make everyone go UNDER and the few ones betting the over as well as Vegas itself make money.

I don't believe the Sports are nowadays played with pure heart and pure win ... it's a show, lots of it a show ....

For example,

I told myself based on patterns I've seen before, Memphis - OKC ended 184 pts, just around that line .... so I figured the other line would be OVER between Knicks and Pacers and that one won't be close to the line ... so I waited 1st-2nd quarter to confirm it's heading this way, placed the over bets in live and made my £400 ($600) there.

My problem is not with that....

My problem is to stay in control ... see this thread?

http://www.sportsbookreview.com/forum/players-ta...oney-line.html

Why would I risk $1400 US Dollars just to win $140? It's stupid, right?

Well for me it's not ... I didn't wanna find myself betting with this money on Tennis or other stupid things and I told myself this is going to be my way to not touch the money ...

See?

If I could, be in full control, I wouldn't even place any bet, I would take the £967 back (not betting on the Baseball neither) and just wait for a good opportunity ....

But this is the problem...

If you have control you can make money out of this, I'm talking from experienced, and based on pure facts from my own life, not others!

cool story bro

[BBall Bet]

If you have control you can make money out of this, I'm talking from experienced, and based on pure facts from my own life, not others!

Good post man.

Somethings I've learned the past few days:

1. Risk is inherent. No teams win 100% on the season. Sooner or later they will incur lost. So avoid parlays.
2. The higher the risk, the better the reward, the less likely you would win. If the lines are too good to be true, it probably is.
3. High vigorish will make you bankrupt because of higher break even percentage. So avoid favorite moneyline with very low returns.

So I think the key here is patience and discipline. There are two ways to go about it:

Be very conservative and invest just 1% to 2.5% of your bankroll every betting day.

Or go half-Kelly which is riskier but has the power of compounding interest.

Either way, you must have a self-control not to go all-out on "sure bets," and avoid chasing your lost.

[dontknowhowtobet]

cool story bro

Thanks m8

[dontknowhowtobet]

Good post man.

Somethings I've learned the past few days:

1. Risk is inherent. No teams win 100% on the season. Sooner or later they will incur lost. So avoid parlays.
2. The higher the risk, the better the reward, the less likely you would win. If the lines are too good to be true, it probably is.
3. High vigorish will make you bankrupt because of higher break even percentage. So avoid favorite moneyline with very low returns.

So I think the key here is patience and discipline. There are two ways to go about it:

Be very conservative and invest just 1% to 2.5% of your bankroll every betting day.

Or go half-Kelly which is riskier but has the power of compounding interest.

Either way, you must have a self-control not to go all-out on "sure bets," and avoid chasing your lost.

That's right.
If you are able to put all this into practice then you can be making money out of gambling.

I am not posting here every day and you won't see me here on a daily basis and the reason is I come here to post when I feel like I found an opportunity ... as I said my problem is I've already found it, and I am just trying to stay in control now ... it's hard, but if you use the right tools you would get there.

Otherwise, if you keep on betting and losing then you're chasing and not betting because you analyzed the game ... those who bet day by day simply lose it ... those who look for opportunities, even if they lose here or there ... they make money long term ... but being in control is the key ...

Usually it's much much easier for the bookie to be in control because they don't really risk anything, they take bets from both sides and making money on the "juice" / "vig".

[JayLA]

Good post man.

Somethings I've learned the past few days:

1. Risk is inherent. No teams win 100% on the season. Sooner or later they will incur lost. So avoid parlays.
2. The higher the risk, the better the reward, the less likely you would win. If the lines are too good to be true, it probably is.
3. High vigorish will make you bankrupt because of higher break even percentage. So avoid favorite moneyline with very low returns.

So I think the key here is patience and discipline. There are two ways to go about it:

Be very conservative and invest just 1% to 2.5% of your bankroll every betting day.

Or go half-Kelly which is riskier but has the power of compounding interest.

Either way, you must have a self-control not to go all-out on "sure bets," and avoid chasing your lost.

[JoeyBagels]

You can make money gambling and investing although based on this thread you are most likely not going to. You'll lose your money with more immediacy sports betting but both endeavors will reach the same outcome eventually.

So do yourself a favor, liquidate all your positions, go to a fee only financial planner and invest in a variety of index funds with low MERs and forget about non recreational gambling altogether because you have no edge in either.

[BBall Bet]

You can make money gambling and investing although based on this thread you are most likely not going to. You'll lose your money with more immediacy sports betting but both endeavors will reach the same outcome eventually.

So do yourself a favor, liquidate all your positions, go to a fee only financial planner and invest in a variety of index funds with low MERs and forget about non recreational gambling altogether because you have no edge in either.

For the average consumer, who don't have time or the know how to choose and analyze, the low-cost index fund is great for long term investment. "You can't beat the market" is a good motto.

But as with anything in life, there's always exception. I know etfs that have beaten my index fund investment for many years now. Also, if you have the entrepreneurial bent, good business is the way to go, sure it's riskier and not passive like index fund, but the earnings are like Lebron isoing a d-leaguer point guard.

Those who don't know money management or the discipline or the sports know how or the statistical inclination, should probably stay away from sports betting. But I'd like to find out if armed with a model if that will give me an edge, if I can have advantage.

If I have followed advice of people who said "it can't be done," I would probably live a life of regrets. I can accept defeat, or even mediocrity, what I can't accept is not trying to succeed.

[Dollars2Donuts]

I make money through businesses I own. I also have a few invested in a few etf that is hitting 25% to 30?% per 3 months.

Will my success in other investment/business translate to sports gambling? I don't know, because I'm new to it. When I started a few days ago, I was a dart throwing monkey, losing money.

But now I'm on a winning roll. I know that small sample size yields high variance, but so far I've doubled by bankroll in a few days using a system that I created. Will it be successful in the long term? I don't know, maybe I can sustain it or maybe not. But I'd like to try.

One thing is for sure: I would be happy to hit 58-59% a year from now, and compound my bankroll using half-Kelly method. That is my goal.

Lol, are you sure? You would be happy with 58-59%?

Christ, the best around do not hit those numbers.....but honestly, best of luck.

As for the original posting.....

I just bought myself 400 ounces of beautiful Silver.....and as the market has bottomed out now is the time to get into heavy metals boys, especially those used in production....some very smart men have manipulated the metals market down so that they could make a killing....and those guys are slowly starting to buy again.....QUIETLY.


D2D

[BBall Bet]

Lol, are you sure? You would be happy with 58-59%?

Christ, the best around do not hit those numbers.....but honestly, best of luck.

Just look at what would have happen if I followed my model from day 1:

April 20: Celtics Under 189.5 (2X Win)
April 21: Spurs -8, Heat -13 (2X Win)
April 22: Grizzlies +5.5 (Win)
April 23: Pacers -7, Spurs -8.5 (2X Win)
April 24: Heat -7, Grizzlies -4.5 (2X Win)
April 25: Pacers -7 (Win)
April 26: Knicks +3 (Win)
April 27: Hawks (Win)
April 28: Heat -8.5 (Win)
April 29: Hawks ML (Win)
April 30: Grizzlies +5 (Win), Nuggets -7.5 (Lost)
May 1: Pacers -7 (Win)
May 2: Warriors ML (Win)
May 3: Pacers +1.5 (Win)
May 4: Bulls +7 (Win), Under (Lost)
May 5: Grizzlies +3, Pacers ML (2X Win)

21 Wins, 2 Lost (91% Win)

Early on, I went against this model, and lost money. But since finding out that I may have a winner here, I tweaked my model, and it's going good so far.

Is it just lucky streak? The answer is no. Am I bullshiting? No, search my previous game threads.

So, the real question is, will it be sustainable in the long run? Also is it scalable for many picks per day?

I don't know, maybe not.

Like I said I would be happy with a 58-59% a year from now.

[Ralphie Halves]

I just bought myself 400 ounces of beautiful Silver.....and as the market has bottomed out now is the time to get into heavy metals boys, especially those used in production....some very smart men have manipulated the metals market down so that they could make a killing....and those guys are slowly starting to buy again.....QUIETLY.


D2D

I wish you the best with that. There is a major chart pattern taking shape that may have silver dropping down to $9 before rebounding. No idea what the actual chances of that are happening, but that $9 target is burned in my head just in case. Did you buy boullion or coins?