This is a great post. Thx to the OP, this has turned into a great thread. Some great replies in here.
Start with where Sports-Gambling falls in your personal Financial Statements. I think there are really two categories but I'll add a 3rd:
1) Sports-Gambling = Entertainment Expense.
...This category is very common. And there's nothing wrong with it.
...Some guys like to go to the movies with their girl. Between the ticket and refreshments, that might be $50 (per week). The $50 might be similar to the average weekly losses your average gambler takes.
...You enjoy watching the games. You have to be in action on Sunday & Monday.
...But the preparation is limited. How are you generating plays? Not much science.
2) Sports-Gambling = Net Income.
...Not many guys fall into this category. Strict requirements to qualify.
...A sports-gambling expert is putting in the hard yards. They're studying the game. They do the preparation.
...They're carving out an edge and submitting +EV plays. There's volatility in results, but they win over time. They turn a profit almost every calendar year.
3) Sports-Gambling = Break-even venture.
...Guy is some mix of #1 and #2. Doe
Is There Really Any Point to NBA Betting? Or Betting at all?
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Arie, To put it in its simplest form it's ENTERTAINMENT. When it no longer becomes fun get out. I've been around this for over 50 years. In the old days it was pen and paper breaking down one match-up would take me countless hours, to most people this would be boring which it is at times.
No way do you get rich quick, long slow grind. And you'll question your judgement like you are doing now, over and over the longer you stay in the game.
Wishing you all the best of luck
Getch
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2) things are always changing. First year fulltime it was football because of how bad opening lines were on Sunday mornings. Then it was basketball just because of how many games there are. Right now it is baseball for obvious reasons. Past 12 months it was hockey because of some problems sportsbooks had with their samegameparlays. Can only speculate about the future.Last edited by TommieGunshot; 05-24-25, 10:59 AM.Leave a comment:
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1) How much bank you make on Sports?
2) What is your top sport to bet?
3) I agree w/ one aspect of your comment. Being your own boss trumps a lot of the value of holding a good-paying job (where you work for someone else).Leave a comment:
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The books have been telling us for 100 years that all they want is an equal amount of money on both sides of the action; this way, the books are guaranteed a ten percent profit, to which I call 'bullshit' on.
If the book could pay off a key referee and a player, then why settle on a crappy ten percent percent when they can clear 50 percent?
The history books are littered with NCAA college basketball betting scandals.
Boston College and NYU come to mind; there are a dozen other examples
In the 1940s, there wasn't a worldwide web.
The only forms of information came from rotary telephones, newsprint, and transistor radios.
The television had just been invented, and they were just crude black and white sets that cost around a thousand dollars.
Only the filthy rich could afford them.
The point being that somebody had to blow the whistle, there wasn't much recorded evidence to prove any subterfuge.
Last year, I did some research about the original owners of the NFL. The list is a who's who of unsavory characters.
Grandpa Mara, the original owner of the NY Giants, used to book bets at Aqueduct Race Track in New York City, which is common knowledge. My grandfather used to tell my father that he used to see Mara at the track frequently.
One of the original owners of the Arizona Cardinals, originally out of Chicago, was Al Capone's attorney.
There are other examples, this shit still goes on.
Jimmy Haslam, owner of the Browns, owns Pilot Corporation.
Pilot's business offices were raided by the FBI about 20 years ago on suspicion of tax fraud.
Twenty-five years ago, Eddie DeBartolo, the then-owner of the 49ers, pleaded guilty to paying off Louisiana's Governor to help him secure a Louisiana casino license.
That's not really a good look for the NFL.👍 2Leave a comment:
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I find the combination of pay and working conditions to be far better than other job I could be doing.😀 1Leave a comment:
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NBA is rigged so the true art of gambling it is to be on the same site of the fix before you place your bet.Leave a comment:
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Gambling fallacies are misconceptions about how random events like coin flips or roulette spins work. The most common fallacy is the belief that past events influence future independent events, leading people to believe that a "hot hand" or a "cold hand" exists when none does.
The Gambler's Fallacy:- This fallacy is also known as the Monte Carlo fallacy or the fallacy of the maturity of chances.
- The most well-known gambling fallacy is the belief that past events, like a coin landing on heads multiple times in a row, make the next event less likely to occur, even though each flip is independent.
- For example, someone might believe that after several heads in a row, tails is "due" to occur.
Other Gambling Fallacies:- Hot Hand Fallacy:
.
This fallacy is the belief that a winning streak will continue.
- Belief in Luck:
.
This is the belief that luck is dispositional, meaning that certain things (people, times, numbers, etc.) are consistently favored or disfavored by luck.
- Perceiving Patterns Where None Exist:
.
People might mistakenly see patterns in random events, leading them to believe they can influence the outcome of games of chance.
- Belief that Random Events are Predictable:
.
Humans tend to dislike randomness and try to rationalize it, leading them to believe they can predict random events.
Leave a comment:
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Gambling fallacies are misconceptions about how random events like coin flips or roulette spins work. The most common fallacy is the belief that past events influence future independent events, leading people to believe that a "hot hand" or a "cold hand" exists when none does.
The Gambler's Fallacy:- This fallacy is also known as the Monte Carlo fallacy or the fallacy of the maturity of chances.
- The most well-known gambling fallacy is the belief that past events, like a coin landing on heads multiple times in a row, make the next event less likely to occur, even though each flip is independent.
- For example, someone might believe that after several heads in a row, tails is "due" to occur.
Other Gambling Fallacies:- Hot Hand Fallacy:
.
This fallacy is the belief that a winning streak will continue.
- Belief in Luck:
.
This is the belief that luck is dispositional, meaning that certain things (people, times, numbers, etc.) are consistently favored or disfavored by luck.
- Perceiving Patterns Where None Exist:
.
People might mistakenly see patterns in random events, leading them to believe they can influence the outcome of games of chance.
- Belief that Random Events are Predictable:
.
Humans tend to dislike randomness and try to rationalize it, leading them to believe they can predict random events.
Leave a comment:
-
Gambling fallacies are misconceptions about how random events like coin flips or roulette spins work. The most common fallacy is the belief that past events influence future independent events, leading people to believe that a "hot hand" or a "cold hand" exists when none does.
The Gambler's Fallacy:- This fallacy is also known as the Monte Carlo fallacy or the fallacy of the maturity of chances.
- The most well-known gambling fallacy is the belief that past events, like a coin landing on heads multiple times in a row, make the next event less likely to occur, even though each flip is independent.
- For example, someone might believe that after several heads in a row, tails is "due" to occur.
Other Gambling Fallacies:- Hot Hand Fallacy:
.
This fallacy is the belief that a winning streak will continue.
- Belief in Luck:
.
This is the belief that luck is dispositional, meaning that certain things (people, times, numbers, etc.) are consistently favored or disfavored by luck.
- Perceiving Patterns Where None Exist:
.
People might mistakenly see patterns in random events, leading them to believe they can influence the outcome of games of chance.
- Belief that Random Events are Predictable:
.
Humans tend to dislike randomness and try to rationalize it, leading them to believe they can predict random events.
😀 1Leave a comment:
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Also, I would reduce the frequency of betting and avoid relying on those gambling fallacies like it’s going win b/c it hasn’t come up yet. But honestly, I do like betting on streaks or trends you catch. When something is hot, it’s hot and I’m betting it. But it took me awhile to grasp the understanding that it doesn’t happen every day nor every week. And there is where money and time management comes into play.
As Getch has stated you should approach it as entertainment. But also we’re here to win money so I would generally ease up on my wager amount. It’s definitely smaller than years ago and though not making the big wins, I’m also not making the big losses. It generally is more entertaining and fun this way when betting at a lower amount and less frequencies.Leave a comment:
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Arie, To put it in its simplest form it's ENTERTAINMENT. When it no longer becomes fun get out. I've been around this for over 50 years. In the old days it was pen and paper breaking down one match-up would take me countless hours, to most people this would be boring which it is at times.
No way do you get rich quick, long slow grind. And you'll question your judgement like you are doing now, over and over the longer you stay in the game.
Wishing you all the best of luck
Getch
The point of betting is IMO, like solving a puzzle. If you enjoy the game, play it. But this stuff about making money that most people equate to the same thing has having a job and an income is nonsense.
This should be fun. This should be what you enjoy on a Sunday afternoon or a weekday.
The game of betting is great. But the place people take it to is stupid.
If you enjoy it, treat it like any form of entertainment. Like going to the movies. But you don't go to 5 movies or double up or more and watch 8 movies.
It's not betting that is the problem. It is where people take it that IS the problem.
So, you can control it. It's all a out the outlook. But when it controls you, it is no longer enjoyable. It becomes an addiction .
Own it Arie.
And if you find it owning you, step back and do not allow that. You are smarter than that.
Good ,luck sir.Last edited by str; 05-23-25, 02:22 PM.Leave a comment:
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Arie, To put it in its simplest form it's ENTERTAINMENT. When it no longer becomes fun get out. I've been around this for over 50 years. In the old days it was pen and paper breaking down one match-up would take me countless hours, to most people this would be boring which it is at times.
No way do you get rich quick, long slow grind. And you'll question your judgement like you are doing now, over and over the longer you stay in the game.
Wishing you all the best of luck
Getch
👍 4Leave a comment:
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Is There Really Any Point to NBA Betting? Or Betting at all?
I wouldn't call myself a gambling addict - though I won’t pretend I’m immune to the behavior. I’ve been around this forum for years, mostly betting on NBA totals. I’ve never liked spreads, sides, or moneylines. Totals always felt like the purest angle to me.
But here’s the truth: I’ve reached a point where I’m seriously questioning if this can ever be more than just a side hassle. I know some treat betting like a side hustle or even a job, but is it really any different from roulette?
You see a total at 215, it jumps live to 235, you take the under - final score? 270.
Next time, you think you're being smart: "buy low, sell high," right? You take the under at 265 - still loses.
Or the line goes to 220, you grab the over - it ends at 214. It’s like chasing shadows.
And then the classic gambler’s fallacy: two games go under, so the third has to go over, right? Just like watching roulette hit black five times, betting black again - and it lands on red.
After years of doing this, seriously - does it make sense to keep betting? On NBA? On anything?
Would appreciate genuine, no-BS input from people who’ve been around. Let’s keep it real.Tags: None
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