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  1. #16
    NBA lottery pick Overdrive's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by ZenMaster View Post
    Not really, unless you are very 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.
    I strictly did combination bets. Of course it's harder to guess, but it basically went like this: 1Ä on all favourites, rest different combinations up to 9Ä and 1Ä 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 15Ä. Sometimes you hit more and take home some hundred euros.

    Highest win was 632Ä off of 1Ä from 10 combi bets.

    Always had strict rules:
    If I lose twice I don't bet for the ongoing month.
    If I hit 100Ä+ 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.

  2. #17
    NBA Legend and Hall of Famer tpols's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by FreezingTsmoove View Post
    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
    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.

  3. #18
    Whap'em ZenMaster's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by Overdrive View Post
    I strictly did combination bets. Of course it's harder to guess, but it basically went like this: 1Ä on all favourites, rest different combinations up to 9Ä and 1Ä 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 15Ä. Sometimes you hit more and take home some hundred euros.

    Highest win was 632Ä off of 1Ä from 10 combi bets.

    Always had strict rules:
    If I lose twice I don't bet for the ongoing month.
    If I hit 100Ä+ 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.
    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 https://www.espn.com/blog/playbook/d...op-nba-gambler

  4. #19
    NBA Legend FKAri's Avatar
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    Default Re: Is there money to be made by sports betting

    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.

  5. #20
    Sixers|Eagles|Phillies GOBB's Avatar
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    Default Re: Is there money to be made by sports betting

    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.

  6. #21
    NBA Legend and Hall of Famer tpols's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by GOBB View Post
    Being knowledgeable on sports isnít 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. Itís ruined people who brag about how much they are up in betting. Itís 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 Iím not bashing them but betting isnít that simple. They made a profit already in games you didnít. 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. Donít 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.
    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.

  7. #22
    O LA DI PO ItsMillerTime's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by tpols View Post
    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.
    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:

    https://kenpom.com/
    https://www.teamrankings.com/nba/trends/ou_trends/
    http://www.nflsavant.com/
    https://www.sportsbookreview.com/
    https://www.oddschecker.com/us/

  8. #23
    Whap'em ZenMaster's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by GOBB View Post
    Being knowledgeable on sports isnít 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.
    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.

  9. #24
    Sixers|Eagles|Phillies GOBB's Avatar
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    Default Re: Is there money to be made by sports betting

    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

  10. #25
    Cobra Kai Commander Patrick Chewing's Avatar
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    Default Re: Is there money to be made by sports betting

    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.

  11. #26
    NBA rookie of the year FultzNationRISE's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by ItsMillerTime View Post
    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:

    https://kenpom.com/
    https://www.teamrankings.com/nba/trends/ou_trends/
    http://www.nflsavant.com/
    https://www.sportsbookreview.com/
    https://www.oddschecker.com/us/

    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?

  12. #27
    Is it in you? hateraid's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by FultzNationRISE View Post
    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?
    Lol, ouch

  13. #28
    Is it in you? hateraid's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by GOBB View Post
    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
    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.

  14. #29
    Whap'em ZenMaster's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by GOBB View Post
    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
    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.

  15. #30
    NBA lottery pick Overdrive's Avatar
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    Default Re: Is there money to be made by sports betting

    Quote Originally Posted by ZenMaster View Post
    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 https://www.espn.com/blog/playbook/d...op-nba-gambler
    Quote Originally Posted by GOBB View Post
    Being knowledgeable on sports isnít 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. Itís ruined people who brag about how much they are up in betting. Itís 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 Iím not bashing them but betting isnít that simple. They made a profit already in games you didnít. 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. Donít 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.
    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.

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