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I consider myself pretty knowledgeable on the game of basketball and I just curious if anyone here has made decent profit on betting on sports
Like I was looking at some of the bets and it seems easy money if you know basketball like Lebron scoring more than 21 points tonight or Gobert getting more than 10 rebounds which are both very likely to happen
[QUOTE=Manny98;14259571]I consider myself pretty knowledgeable on the game of basketball and I just curious if anyone here has made decent profit on betting on sports
Like I was looking at some of the bets and it seems easy money if you know basketball like Lebron scoring more than 21 points tonight or Gobert getting more than 10 rebounds which are both very likely to happen[/QUOTE]
If u have the world sports almanac
Try it man. I bet on a few NBA games a night. Small bets. But I’m turning a profit.
[QUOTE=Manny98;14259571]I consider myself pretty knowledgeable on the game of basketball and I just curious if anyone here has made decent profit on betting on sports
Like I was looking at some of the bets and it seems easy money if you know basketball like Lebron scoring more than 21 points tonight or Gobert getting more than 10 rebounds which are both very likely to happen[/QUOTE]
Used to do combination bets on the daily games. Betting 1€ each. 10€ a day. Usually made a profit of around 20€ a day sometimes would hit 2 or 300€ bets, but it became to unpredictable for me tbh.
Yup most on ISH would be good at it. Wouldn't recommend it though as it's a gateway to addiction
That'd be ridiculous if you bet your life on it
I've been a pretty serious gambler for 25 years. Betting frequently makes it difficult to win. The vig you have to pay out means you have to win at 55 to 60 percent. So it's always been my theory to save your money for a game you really like and go heavy on it.
I for example spread a bunch of money around on the Super Bowl. I had Tampa Bay winning on the money line, which got me about 120 for every hundred I bet, and the under. But then I spread a bunch of money around on prop bets, mostly longer shot MVP bets on defensive players from Tampa, a Mahomes MVP bet as a hedge, and a few other things, and wound up giving almost all my big money winners back.
I admittedly have not gotten into the online gambling world. Where I am in CT it's still not legal, which I know I can work around with a VPN, but that's a lot of work when I have a guy I can go to for the type of stuff I do anyway, single game things, playoff series. I know there may be bigger efficiency holes than I'm used to. I have a buddy who swears that the second half lines are wildly out of whack and there's a lot of money to made there. Basically the team with the lead is given a big number because, well ... they've been better, but then there's always a comeback, or they lay off later. the underdog is winning that bet at a pretty big rate apparently. It makes sense that the houses haven't figured out some of these numbers yet as they're really new bets without a ton of history, and they have to come up with these numbers so quickly. At the same time you've got to make decisions on those things pretty quickly as well.
There's definitely money to be made, but you have to be disciplined. Been gambling pretty heavily since it became legal in Indiana. There are several reputable sportsbooks in my area so the competition is fierce and they like to throw out promos to entice you. Take advantage of all the promos you can.
I'm not making astronomical money or anything but it has been enough to pay for a family vacation last year and my upcoming Vegas trip this year. NFL is my favorite sport to bet on.
[QUOTE=ItsMillerTime;14260086]There's definitely money to be made, but you have to be disciplined. Been gambling pretty heavily since it became legal in Indiana. There are several reputable sportsbooks in my area so the competition is fierce and they like to throw out promos to entice you. Take advantage of all the promos you can.
I'm not making astronomical money or anything but it has been enough to pay for a family vacation last year and my upcoming Vegas trip this year. NFL is my favorite sport to bet on.[/QUOTE]
:roll: :roll: :roll:
I have a fanduel account with like 1200 dollars in it from gambling NFL mostly. I've won some off basketball too. You've got to look for value bets. Like when Golden State played Brooklyn a couple weeks ago... Brooklyn was at like -180 odds or something, basically light favorites when they should've been heavy favorites. And of course they won and I made ~70+ bucks off a 100 dollar bet. Another favorite strategy of mine is if you see a favorite go down early in a 1st quarter, watch the line. It will move as people panic sell, and some start to bet the underdog. But the big favorite usually wins. I remember I think it was a Packer game where they went down by a little bit to the Bears and the line went from like -300 to -200 pretty quick. Hopped on that and won a value bet with a significantly bigger payout than someone else would've got betting from the start.
If you bet a dollar on the Mavs, Nets, Knicks, Grizzlies, Nuggets, and Bucks winning tonight in a parlay you can win $34. Take that $34 and do the same parlay bet the next day and you can be up $1167. Take that $1167 and do the same 6 team parlay bet again and you can be up $40,000 . All in 3 days off 1 dollar. Just picking who is going to win a game
[QUOTE=FreezingTsmoove;14260227]If you bet a dollar on the Mavs, Nets, Knicks, Grizzlies, Nuggets, and Bucks winning tonight in a parlay you can win $34. Take that $34 and do the same parlay bet the next day and you can be up $1167. Take that $1167 and do the same 6 team parlay bet again and you can be up $40,000 . All in 3 days off 1 dollar. Just picking who is going to win a game[/QUOTE]
If only it were that easy.
Fund your own addiction. I've had several friends ask for loans of $1000 or more. The track record is not so good
Although I do have a friend that sports bets as a main source of income and he does fairly well. ($80,000 to $100,000 a year). He has no attachment to any team and he's like a sports almanac. Be extremely knowledgeable and unbias. Have a side hustle PT that has a good base like bartending or stay at home work.
Not really, unless you are [I]very[/I] knowledgeable on a specific league/sport don't expect to make any money in the long run.
Betting should only be for fun, so don't hesitate to set an honest weekly or monthly deposit limit before you start.
Don't ever bet more than you can afford to lose, it will stress you out.
Here's something that should be cardinal rule of yours: Never ever bet a parlay or any other kind of combination bet, it will be luring because of the multiplier, but your ROI drops significantly. I've only ever heard of one or two gamblers who made substantial profits in the long run while doing parlays. I don't who came up with these names for various combination bets, but it was someone smart, kind of like "99 cents" for retail.
Most good bettors are good at finding upsets, but it requires more patience and you have to be cool with seeing a lot of red coupons.
I've worked for multiple sportsbooks and another might be on the horizon, feel free to ask anything specific.
[QUOTE=FreezingTsmoove;14260227]If you bet a dollar on the Mavs, Nets, Knicks, Grizzlies, Nuggets, and Bucks winning tonight in a parlay you can win $34. Take that $34 and do the same parlay bet the next day and you can be up $1167. Take that $1167 and do the same 6 team parlay bet again and you can be up $40,000 . All in 3 days off 1 dollar. Just picking who is going to win a game[/QUOTE]
wat site lets u do this parlay?
[QUOTE=ZenMaster;14260268]Not really, unless you are [I]very[/I] knowledgeable on a specific league/sport don't expect to make any money in the long run.
Betting should only be for fun, so don't hesitate to set an honest weekly or monthly deposit limit before you start.
Don't ever bet more than you can afford to lose, it will stress you out.
Here's something that should be cardinal rule of yours: Never ever bet a parlay or any other kind of combination bet, it will be luring because of the multiplier, but your ROI drops significantly. I've only ever heard of one or two gamblers who made substantial profits in the long run while doing parlays. I don't who came up with these names for various combination bets, but it was someone smart, kind of like "99 cents" for retail.
Most good bettors are good at finding upsets, but it requires more patience and you have to be cool with seeing a lot of red coupons.
I've worked for multiple sportsbooks and another might be on the horizon, feel free to ask anything specific.[/QUOTE]
I strictly did combination bets. Of course it's harder to guess, but it basically went like this: 1€ on all favourites, rest different combinations up to 9€ and 1€ on all underdog wins.
I almost never missed all of the bets. A full favourites win is very rare in the NBA and you'd usually lose money here. Usually you hit one slip with 2 to 4 ousider wins which nets you 5 to 15€. Sometimes you hit more and take home some hundred euros.
Highest win was 632€ off of 1€ from 10 combi bets.
Always had strict rules:
If I lose twice I don't bet for the ongoing month.
If I hit 100€+ also.
Never let emotion guide you.
Never bet under 6 games per evening.
I honestly don't advocate gambling even if it might seem like it. Aside from the addiction factor it also might push you into some bad company.
[QUOTE=FreezingTsmoove;14260227]If you bet a dollar on the Mavs, Nets, Knicks, Grizzlies, Nuggets, and Bucks winning tonight in a parlay you can win $34. Take that $34 and do the same parlay bet the next day and you can be up $1167. Take that $1167 and do the same 6 team parlay bet again and you can be up $40,000 . All in 3 days off 1 dollar. Just picking who is going to win a game[/QUOTE]
So that means you're betting on 18 games where each team is the favorite.
Even if it were an unheard of 80/20 split chance of each favorite winning, the chance they ALL win is .8^18. Which is .018.
Meaning you have a 98.2% chance that strategy fails.
[QUOTE=Overdrive;14260368]I strictly did combination bets. Of course it's harder to guess, but it basically went like this: 1€ on all favourites, rest different combinations up to 9€ and 1€ on all underdog wins.
I almost never missed all of the bets. A full favourites win is very rare in the NBA and you'd usually lose money here. Usually you hit one slip with 2 to 4 ousider wins which nets you 5 to 15€. Sometimes you hit more and take home some hundred euros.
Highest win was 632€ off of 1€ from 10 combi bets.
Always had strict rules:
If I lose twice I don't bet for the ongoing month.
If I hit 100€+ also.
Never let emotion guide you.
Never bet under 6 games per evening.
I honestly don't advocate gambling even if it might seem like it. Aside from the addiction factor it also might push you into some bad company.[/QUOTE]
I think you're talking about system bets, I'd sure as he'll hope that you don't miss most of your bets when including favorites.
In the long run you also lose more on these compared to single bets.
I think if you were as successful as it sounds like on your bets, you wouldn't have such strict rules for yourself to not make bets, instead you'd have fat stacks on your account like this guy [URL="https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler"]https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler[/URL]
If I was knowledgeable and current on sports enough to profit from gambling on it then I'd have to reevaluate what I'm doing with my life. But then again, I post on ISH almost every day.
Being knowledgeable on sports isn’t the main reason why you would win bets. There are a ton of factors one has to research. And the one thing no one can predict is flat out...luck. It’s ruined people who brag about how much they are up in betting. It’s not easy but people who brag about how much they are up, never being in the negative you need to turn a deaf ear too. And I’m not bashing them but betting isn’t that simple. They made a profit already in games you didn’t. So to think the games you bet on will hold the same results is silly. And everyone who has made a profit hit a rough streak. Don’t let anyone tell you otherwise. Sifting thru replies I think Thor made the best point in that you should pick one game and bet big on a game you really like.
[QUOTE=GOBB;14260636]Being knowledgeable on sports isn’t the main reason why you would win bets. There are a ton of factors one has to research. And the one thing no one can predict is flat out...luck. It’s ruined people who brag about how much they are up in betting. It’s not easy but people who brag about how much they are up, never being in the negative you need to turn a deaf ear too. And I’m not bashing them but betting isn’t that simple. They made a profit already in games you didn’t. So to think the games you bet on will hold the same results is silly. And everyone who has made a profit hit a rough streak.[B] Don’t let anyone tell you otherwise. Sifting thru replies I think Thor made the best point in that you should pick one game and bet big on a game you really like[/B].[/QUOTE]
Thats the worst thing you can do. You can look it up anywhere, you never bet more than 5-10% of your bank roll. Betting big is how people eventually lose everything in one fell swoop. You have to slowly work upwards, and take a break if you hit a rough stretch. Thats why Casinos make money... people keep making big bets riding the high until they lose one and now theryre back to square one, and eventually in the negative.
[QUOTE=tpols;14260764]Thats the worst thing you can do. You can look it up anywhere, you never bet more than 5-10% of your bank roll. Betting big is how people eventually lose everything in one fell swoop. You have to slowly work upwards, and take a break if you hit a rough stretch. Thats why Casinos make money... people keep making big bets riding the high until they lose one and now theryre back to square one, and eventually in the negative.[/QUOTE]
This.
I spend about 1-2 hours daily researching what I like, then sprinkle $5 - $15 on my picks. Some of my favorite websites to research on:
[url]https://kenpom.com/[/url]
[url]https://www.teamrankings.com/nba/trends/ou_trends/[/url]
[url]http://www.nflsavant.com/[/url]
[url]https://www.sportsbookreview.com/[/url]
[url]https://www.oddschecker.com/us/[/url]
[QUOTE=GOBB;14260636]Being knowledgeable on sports isn’t the main reason why you would win bets. There are a ton of factors one has to research. And the one thing no one can predict is flat out...luck. [/QUOTE]
What a bunch of gibberish. No one can predict luck, no shit, that's why you want to be knowledgeable within whatever event you're betting on. You're likely to be just as lucky/unlucky as anybody else, so over time your good decisions and knowledge cuts through whatever luck or unluck you might have had. Looking at this from a professional point of view, it's called variance and not referred to as being lucky or unlucky, you simply experience variance.
Yeah no luck in sports betting. Gotcha.
The best thing about gambling threads from my experience is everyone is an expert. Everyone is making good money. It’s hilarious. Especially people who feel they are knowledgeable and very well just may not be as knowledgeable as they think. People are full of themselves.. Gamble at your own risk. Expect to lose. If you can handle that then Godspeed
Placed a bet on a Megan Anderson (+750) upset of Amanda Nunes (-1400) at UFC 259.
Megan towers over Nunes and has a punchers chance. Nunes has never fought a woman of Megan's size.
[QUOTE=ItsMillerTime;14260766]This.
I spend about 1-2 hours daily researching what I like, then sprinkle $5 - $15 on my picks. Some of my favorite websites to research on:
[url]https://kenpom.com/[/url]
[url]https://www.teamrankings.com/nba/trends/ou_trends/[/url]
[url]http://www.nflsavant.com/[/url]
[url]https://www.sportsbookreview.com/[/url]
[url]https://www.oddschecker.com/us/[/url][/QUOTE]
Do you call the sports books and tell them theyre a bunch of misogynistic white supremacists who arent paying fair share and are disrespecting the memory of George Floyd?? Do you tell them they deserve covid just like the rest of America for not taking it as seriously as you and Bill Gates want them to??
Are you going “full intelligent” on gambling like you do with everything else?
[QUOTE=FultzNationRISE;14260817]Do you call the sports books and tell them theyre a bunch of misogynistic white supremacists who arent paying fair share and are disrespecting the memory of George Floyd?? Do you tell them they deserve covid just like the rest of America for not taking it as seriously as you and Bill Gates want them to??
Are you going “full intelligent” on gambling like you do with everything else?[/QUOTE]
Lol, ouch
[QUOTE=GOBB;14260809]Yeah no luck in sports betting. Gotcha.
The best thing about gambling threads from my experience is everyone is an expert. Everyone is making good money. It’s hilarious. Especially people who feel they are knowledgeable and very well just may not be as knowledgeable as they think. People are full of themselves.. Gamble at your own risk. Expect to lose. If you can handle that then Godspeed[/QUOTE]
I agree. The people who probably have sustained a true living hit 1 big bet and managed the supplement their habit. The majority of sports betors I know are constantly trying to hit me up for $1000 on a sure thing. It's a small percentage that anyone can become a success at it.
[QUOTE=GOBB;14260809]Yeah no luck in sports betting. Gotcha.
The best thing about gambling threads from my experience is everyone is an expert. Everyone is making good money. ItÂ’s hilarious. Especially people who feel they are knowledgeable and very well just may not be as knowledgeable as they think. People are full of themselves.. Gamble at your own risk. Expect to lose. If you can handle that then Godspeed[/QUOTE]
No you obviously didn't get me, I said that luck can go both ways and that it does, so from the pov of making money in gambling it's referred to as variance and something that's out of your control.
E.g you can have a 40% chance of winning a bet and win 10 times in a row, and you can have 60% chance of winning a bet and lose 10 times in a row. All that stuff can happen in any way imaginable, and if you bet enough, chances are that it will at some point.
You're right that there's a lot of people giving bad advice about parlays or betting in general, making it sound like easy money to make when it's not, but that's not me. I work with this stuff, can't disclose exactly what I do out of fear of getting doxxed, but I'm an expert on player behavior within gambling, no BS.
[QUOTE=ZenMaster;14260394]I think you're talking about system bets, I'd sure as he'll hope that you don't miss most of your bets when including favorites.
In the long run you also lose more on these compared to single bets.
I think if you were as successful as it sounds like on your bets, you wouldn't have such strict rules for yourself to not make bets, instead you'd have fat stacks on your account like this guy [URL="https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler"]https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler[/URL][/QUOTE]
[QUOTE=GOBB;14260636]Being knowledgeable on sports isn’t the main reason why you would win bets. There are a ton of factors one has to research. And the one thing no one can predict is flat out...luck. It’s ruined people who brag about how much they are up in betting. It’s not easy but people who brag about how much they are up, never being in the negative you need to turn a deaf ear too. And I’m not bashing them but betting isn’t that simple. They made a profit already in games you didn’t. So to think the games you bet on will hold the same results is silly. And everyone who has made a profit hit a rough streak. Don’t let anyone tell you otherwise. Sifting thru replies I think Thor made the best point in that you should pick one game and bet big on a game you really like.[/QUOTE]
I was successful because of the strict rules. I avoid the rough stretches GOBB describes because I end betting the moment it doesn't work out twice or I win enough.
The biggest problem about gambling is when people don't know when to stop. If you win you got what you wanted. It would be retarded to reinvest. If you lose stay away, you'd dig yourself into a bigger hole if you keep on losing.
[QUOTE=Overdrive;14261096]I was successful because of the strict rules. I avoid the rough stretches GOBB describes because I end betting the moment it doesn't work out twice or I win enough.
[B]The biggest problem about gambling is when people don't know when to stop. If you win you got what you wanted. It would be retarded to reinvest.[/B] If you lose stay away, you'd dig yourself into a bigger hole if you keep on losing.[/QUOTE]
This doesn't make sense unless you only gamble once in your life. Gambling two days apart or two weeks apart does not affect your odds of winning or losing on aggregate. If you win a hundred bucks, you have the same odds of losing it or doubling it on your next bet, whether it's placed 15 minutes later or 3 weeks later.
So he's right, you would only need rules for spacing out the timing if you're losing, to make sure you lose [I]less[/I] money over time. If youre winning it would be immaterial.
Sports betting is pretty difficult. Vegas with their spooky accurate odds and the vig make it a hell of a grind. Vegas is good but no one is perfect though...as some posters have already stated, it’s best to sit and wait while watching carefully for a good game. Once you find it, hammer it hard. Live betting can be interesting too. A lot of the time they will give huge odds for comebacks when it’s not that much of a stretch, like when one team is up a good amount but have caught all the breaks in the game up to that point. I’ve always had the most success with football.
Parlays are sucker bets but they are still fun to mess around with every once in awhile.
[QUOTE=FultzNationRISE;14261142]This doesn't make sense unless you only gamble once in your life. Gambling two days apart or two weeks apart does not affect your odds of winning or losing on aggregate. If you win a hundred bucks, you have the same odds of losing it or doubling it on your next bet, whether it's placed 15 minutes later or 3 weeks later.
So he's right, you would only need rules for spacing out the timing if you're losing, to make sure you lose [I]less[/I] money over time. If youre winning it would be immaterial.[/QUOTE]
The limit are the funds. Even if it's in your favour you might go on a losing streak. It's not like NBA games are random events. They used to be fairly predictable, doesn't mean you couldn't lose and get your funds taken away. I'm sure with infinite money you could make quite some money betting on NBA games.
[QUOTE=Overdrive;14261205]The limit are the funds. Even if it's in your favour you might go on a losing streak. It's not like NBA games are random events. They used to be fairly predictable, doesn't mean you couldn't lose and get your funds taken away. I'm sure with infinite money you could make quite some money betting on NBA games.[/QUOTE]
This is a big part of it, not just sports betting but gambling all together.
Vegas wins because they have the biggest banks. Meaning they can ride out the toughest of cold streaks and have enough bankrolling that eventually things will regress towards the mean.
Nadda
Your winnings is just capital on the next game. The real juice is the highs and lows.
Been grinding halftime spreads on/off since those Poker sites exploded back around 2007, regardless how much played it always broke even. Vegas lines are too consistent and they hire the best. Online forums with thousands actively sharing info cant break em. If they could we'd all be rich but then there would be no fun because without the lows of losing you stop experiencing the euphoria from the highs of winning
The only winners are people like my dad who trip to Vegas once a year, go with $1000 limit and walk away up $300 or down $300 in Blackjack. It's just cards with play money, there's no squirts of dopamine and no rush. Whether he wins $300 or loses the $1000 the feeling is always the same. Some people can just enjoy an 8ball once a year.
never been a gambler but if i were to bet on sports i would go to showgun for advice
[QUOTE=Overdrive;14261205]The limit are the funds. Even if it's in your favour you might go on a losing streak. It's not like NBA games are random events. They used to be fairly predictable, doesn't mean you couldn't lose and get your funds taken away. I'm sure with infinite money you could make quite some money betting on NBA games.[/QUOTE]
Of course you'd be able to make money if you had infinite money to bet, you could always just double your next bet after loosing. You're not the first to think of this, a French guy came up with this as a betting strategy many years ago. [URL="https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/martingale-strategy/"]https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/martingale-strategy/[/URL]
What you could do is take whatever amount of money you have, split it up into small units of 1% each and then have a strict system for how many units you can put down per bet depending on the odds levels - bankroll management.
From the start of the 2019 USO until 2 months ago, I made +14 K (after historical loss of -6 before), since dropped down to 8, but one match short of 5 K coming in (would be my 2nd biggest win ever).
But yea, like 98% of gamblers lose long term.
I bet football, basketball and tennis.
Last night taking the Raptors, Clippers and Warriors, more than doubled your money (2.26), all hit, but still missing a leg in footy.
[QUOTE=FultzNationRISE;14261142][B]This doesn't make sense unless you only gamble once in your life. Gambling two days apart or two weeks apart does not affect your odds of winning or losing on aggregate.[/B] If you win a hundred bucks, you have the same odds of losing it or doubling it on your next bet, whether it's placed 15 minutes later or 3 weeks later.
So he's right, you would only need rules for spacing out the timing if you're losing, to make sure you lose [I]less[/I] money over time. If youre winning it would be immaterial.[/QUOTE]
It does though. Momentum is a powerful thing and when you're on a losing streak it's likely to continue. You'll be more rash in your decisions, emotional, basically enter fight or flight mode trying to dig out but it's quick sand. Step back. Breathe. And evaluate. What he said is absolutely true.