See if you can follow this- I started my gambling career by looking at spreads and trying to predict them with no research. If I was off then thinking I was smarter than the books, I would bet that team. I was a loser for a long time until I realized the books were smarter than me. I admit it, I am Joe Public. I try to use this to my advantage though now by predicting lines and betting against myself. I have won the last 2 NFL seasons until this one (which did burn all those profits) but this year, Joe Public has been killing me, and the books. I only bet at 5dimes, I play no parlays, I gamble onNickel Lines and I play no teasers,
I will never be rich gambling but I can do it for very small profits and losses and one unit for me is 50, not a lot of money.
I feel like I may lose and the Birds are now looking like the sharp side but I really love this Patriot team. Bellichick and Brady are functioning at the highest level ever seen in the NFL, period. This is not about players, this is about schemes and coaching and the chance to set a record that may never be broken. The Birds are a great team but this is an awful big stage and 99% of them have never been there before, it takes a year to see what it is like before performing on this stage, imho
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See if you can follow this- I started my gambling career by looking at spreads and trying to predict them with no research. If I was off then thinking I was smarter than the books, I would bet that team. I was a loser for a long time until I realized the books were smarter than me. I admit it, I am Joe Public. I try to use this to my advantage though now by predicting lines and betting against myself. I have won the last 2 NFL seasons until this one (which did burn all those profits) but this year, Joe Public has been killing me, and the books. I only bet at 5dimes, I play no parlays, I gamble onNickel Lines and I play no teasers,
I will never be rich gambling but I can do it for very small profits and losses and one unit for me is 50, not a lot of money.
I feel like I may lose and the Birds are now looking like the sharp side but I really love this Patriot team. Bellichick and Brady are functioning at the highest level ever seen in the NFL, period. This is not about players, this is about schemes and coaching and the chance to set a record that may never be broken. The Birds are a great team but this is an awful big stage and 99% of them have never been there before, it takes a year to see what it is like before performing on this stage, imho
It's really a sickness of my brain (a disease...not so sure about that) that I can't watch the SB without some cash on the line. My logical brain tells me it's stupid to make -EV investments. That's why I will only bet $200.
If there is one lifetime earner here that gambles on sports for a living, I would wonder if they ever read covers, but who knows? I figure covers should have at least 1 right?
Gamble for entertainment, invest for wealth!
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It's really a sickness of my brain (a disease...not so sure about that) that I can't watch the SB without some cash on the line. My logical brain tells me it's stupid to make -EV investments. That's why I will only bet $200.
If there is one lifetime earner here that gambles on sports for a living, I would wonder if they ever read covers, but who knows? I figure covers should have at least 1 right?
Crash...I agree with you. I think the Pats are the right side. The experience factor combined with giving Bill 2 weeks to prepare for any team is a huge advantage . Plus you have Brady and the better defense. I also stick to strict money management when gambling , never putting more than $100 (110) on any one game.
Also I never parlay as I only had a success rate of 25 % when I played them. Bottom line is strict money management . Best of luck, glad we are on the same side.
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Crash...I agree with you. I think the Pats are the right side. The experience factor combined with giving Bill 2 weeks to prepare for any team is a huge advantage . Plus you have Brady and the better defense. I also stick to strict money management when gambling , never putting more than $100 (110) on any one game.
Also I never parlay as I only had a success rate of 25 % when I played them. Bottom line is strict money management . Best of luck, glad we are on the same side.
Your experiences with your friends worry me in terms of betting. I would think for sure that the average "Square" would definitely take patriots, easily. I'm thinking since you and your circle bet alot you might be underestimating the squares and overestimating the sharps.
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Your experiences with your friends worry me in terms of betting. I would think for sure that the average "Square" would definitely take patriots, easily. I'm thinking since you and your circle bet alot you might be underestimating the squares and overestimating the sharps.
Your experiences with your friends worry me in terms of betting. I would think for sure that the average "Square" would definitely take patriots, easily. I'm thinking since you and your circle bet alot you might be underestimating the squares and overestimating the sharps.
I tell you, despite what I am reading in good sources like Sports Insight, the squares continue to poor in on the Birds, it is just crazy.
For whatever reason, and maybe it is some weird Denver bias, in my circle of friends, it is all upside down and the squares love the Birds ML and all!
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Quote Originally Posted by krook1:
Your experiences with your friends worry me in terms of betting. I would think for sure that the average "Square" would definitely take patriots, easily. I'm thinking since you and your circle bet alot you might be underestimating the squares and overestimating the sharps.
I tell you, despite what I am reading in good sources like Sports Insight, the squares continue to poor in on the Birds, it is just crazy.
For whatever reason, and maybe it is some weird Denver bias, in my circle of friends, it is all upside down and the squares love the Birds ML and all!
I just heard on the radio that in the Belichick, Brady era, the Patriots have been to 6 Super Bowls, in those 6 games they have yet to score in the first quarter.
Wow, that is kind of hard to believe and not sure what true meaning it has but that is some kind of crazy arse stat for sure!
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I just heard on the radio that in the Belichick, Brady era, the Patriots have been to 6 Super Bowls, in those 6 games they have yet to score in the first quarter.
Wow, that is kind of hard to believe and not sure what true meaning it has but that is some kind of crazy arse stat for sure!
I am not sharp or square but I see that the Falcons won 2 games against the beat up Seahawks and Packers but really didn't beat quality opposition during their win streak. Pats will be much tougher and have experience. Also thanks to Roger Goodell , Brady has a chip on his shoulder the size of Texas. So I like Pats to cover still iffy on the total.....
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I am not sharp or square but I see that the Falcons won 2 games against the beat up Seahawks and Packers but really didn't beat quality opposition during their win streak. Pats will be much tougher and have experience. Also thanks to Roger Goodell , Brady has a chip on his shoulder the size of Texas. So I like Pats to cover still iffy on the total.....
I give Titan props here for hopefully ending this stupid thread or at least putting it in a proper perspective.
Laying 10%, 7% or even 5% at a reduced vig shop is nothing short of a HORRIBLE investment for your money. You can call it sharp or square or whatever other term you have for it, but if you are really concerned about making money then sports betting is certainly not the place for 99.9% of the population. I suppose there are 10 out of 1000 people that can make money at it due to statistical improbabilities, but everyone else is losing in the long run.
I am a lifelong investor in the markets as well as a lifelong recreational gambler. If the market has a meaningful correction beyond today, I might invest another 20k, 30k or even 50k in the stock market because I have the liquid cash to do so. However, come Sunday, I will have a meager $200 on the Super Bowl because any side you pick is going to be -EV after the juice (the entertainment fee).
You can argue you have a lock, but you still have -EV.
I have to say this has been an interesting thread. I disagree; this has not been a stupid thread at all and has been very helpful for all that have read it. And that is why we are all here really, for some helpful discussion that might give us a little bit of insight before we place our little nugget of hard earned gold upon the betting scale. That said, I'd like to ask you, when you're betting:
"20k, 30k or even 50k in the stock market because I have the liquid cash to do so."
Does this make you feel special? Do you feel empowered because you can gamble 50k on a whim? Like some pompous fool you have the power to be extra pompous with your extra fat pile of of extra crisp paper?
I'd like to pose a question to YOU Mr Pompous. Let's say you won the lottery and they handed you a check for 100 million dollars. While walking home that check slipped through your hands and fluttered into very busy and dangerous traffic. I ask YOU - is that 100 million dollars fluttering to and fro...or is it a piece of paper with some ink written on it? Wake up.
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Quote Originally Posted by gambleholic63:
I give Titan props here for hopefully ending this stupid thread or at least putting it in a proper perspective.
Laying 10%, 7% or even 5% at a reduced vig shop is nothing short of a HORRIBLE investment for your money. You can call it sharp or square or whatever other term you have for it, but if you are really concerned about making money then sports betting is certainly not the place for 99.9% of the population. I suppose there are 10 out of 1000 people that can make money at it due to statistical improbabilities, but everyone else is losing in the long run.
I am a lifelong investor in the markets as well as a lifelong recreational gambler. If the market has a meaningful correction beyond today, I might invest another 20k, 30k or even 50k in the stock market because I have the liquid cash to do so. However, come Sunday, I will have a meager $200 on the Super Bowl because any side you pick is going to be -EV after the juice (the entertainment fee).
You can argue you have a lock, but you still have -EV.
I have to say this has been an interesting thread. I disagree; this has not been a stupid thread at all and has been very helpful for all that have read it. And that is why we are all here really, for some helpful discussion that might give us a little bit of insight before we place our little nugget of hard earned gold upon the betting scale. That said, I'd like to ask you, when you're betting:
"20k, 30k or even 50k in the stock market because I have the liquid cash to do so."
Does this make you feel special? Do you feel empowered because you can gamble 50k on a whim? Like some pompous fool you have the power to be extra pompous with your extra fat pile of of extra crisp paper?
I'd like to pose a question to YOU Mr Pompous. Let's say you won the lottery and they handed you a check for 100 million dollars. While walking home that check slipped through your hands and fluttered into very busy and dangerous traffic. I ask YOU - is that 100 million dollars fluttering to and fro...or is it a piece of paper with some ink written on it? Wake up.
I just heard on the radio that in the Belichick, Brady era, the Patriots have been to 6 Super Bowls, in those 6 games they have yet to score in the first quarter.Wow, that is kind of hard to believe and not sure what true meaning it has but that is some kind of crazy arse stat for sure!
I like Falcons first QRT
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Quote Originally Posted by Crashdavis565:
I just heard on the radio that in the Belichick, Brady era, the Patriots have been to 6 Super Bowls, in those 6 games they have yet to score in the first quarter.Wow, that is kind of hard to believe and not sure what true meaning it has but that is some kind of crazy arse stat for sure!
jajnight......If you read my post you would understand that I am not gambling 50K on a whim. My point was that it's impossible to win in the long run so I would rather invest my money smarter. Sports betting is generally always a negative EV situation and in the long run is highly negative EV.
So like Titan said, a sharp is someone that loses his money slower than a square. That was the point. If you feel better calling me Mr. Pompus, so be it.
Gamble for entertainment, invest for wealth!
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jajnight......If you read my post you would understand that I am not gambling 50K on a whim. My point was that it's impossible to win in the long run so I would rather invest my money smarter. Sports betting is generally always a negative EV situation and in the long run is highly negative EV.
So like Titan said, a sharp is someone that loses his money slower than a square. That was the point. If you feel better calling me Mr. Pompus, so be it.
PS....I didn't answer your question as I have no idea what in the world you are asking. It would be nice to win the lottery though. I would make sure not to drop the check and would probably opt for a direct deposit.
Gamble for entertainment, invest for wealth!
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PS....I didn't answer your question as I have no idea what in the world you are asking. It would be nice to win the lottery though. I would make sure not to drop the check and would probably opt for a direct deposit.
Taking the 1st quarter under big. Will likely tke the 1st half under also. Not gonna choose a side to win it all. Tis too tough this year! Though I believe come Super Sunday, the hungrier and the more angrier animal wins the game. And there in lies a dilemna, because the Falcons for sure are hungry whilst the Pats are the angry ones!!
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Taking the 1st quarter under big. Will likely tke the 1st half under also. Not gonna choose a side to win it all. Tis too tough this year! Though I believe come Super Sunday, the hungrier and the more angrier animal wins the game. And there in lies a dilemna, because the Falcons for sure are hungry whilst the Pats are the angry ones!!
Gambleholic, speak for yourself. The stock market is a gamble too! I know plenty of people that have lost a fortune gambling on stocks.
Also, there are people that make money long term betting on sports. They can be defined as; intelligent, disciplined, and opportunistic sporting event investors. Or, in short - they can be called SHARPS. Why do you think the books refer to them as Wiseguys? I understand that you're not one of them, but to act like they don't exist is stupid.
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Gambleholic, speak for yourself. The stock market is a gamble too! I know plenty of people that have lost a fortune gambling on stocks.
Also, there are people that make money long term betting on sports. They can be defined as; intelligent, disciplined, and opportunistic sporting event investors. Or, in short - they can be called SHARPS. Why do you think the books refer to them as Wiseguys? I understand that you're not one of them, but to act like they don't exist is stupid.
You can absolutely make money long term sports betting. Yes it's rare, but how many people ever even try? Most people just casually throw down 30% of their bankroll on games they do no research and have no stats for. Obviously those people lose. The books are good, and it takes discipline, but to think that you can't find a couple games on any given day that give you over 53% is just naive. The people who succeed are the people who treat it as work and treat their money like investments. Does that mean there's ever a lock? No, but find 60-70% games all the time and you'll be swimming in the money with good discipline long term.
All that being said, this line seems to be right where it should be. I would agree that there's no +EV side play for the super bowl. However, with 100s of props and the total, there are quite a few +ev plays you can find.
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You can absolutely make money long term sports betting. Yes it's rare, but how many people ever even try? Most people just casually throw down 30% of their bankroll on games they do no research and have no stats for. Obviously those people lose. The books are good, and it takes discipline, but to think that you can't find a couple games on any given day that give you over 53% is just naive. The people who succeed are the people who treat it as work and treat their money like investments. Does that mean there's ever a lock? No, but find 60-70% games all the time and you'll be swimming in the money with good discipline long term.
All that being said, this line seems to be right where it should be. I would agree that there's no +EV side play for the super bowl. However, with 100s of props and the total, there are quite a few +ev plays you can find.
Gambleholic, speak for yourself. The stock market is a gamble too! I know plenty of people that have lost a fortune gambling on stocks.
Also, there are people that make money long term betting on sports. They can be defined as; intelligent, disciplined, and opportunistic sporting event investors. Or, in short - they can be called SHARPS. Why do you think the books refer to them as Wiseguys? I understand that you're not one of them, but to act like they don't exist is stupid.
I never said they didn't exist. I estimated that 10 of 1000 do succeed at sports betting for the exact reasons that you state. That leaves the other 99.9% that loses consistently in the long run. It's just math and I'm sure the .01% beating the odds put in a TON of WORK and treat it like a job. They are not on covers slinging as many insults as they can to people they don't know. And yes, in 2008 I lost an a$$ ton of cash in the markets....but I made it all back plus double in the past decade. I think it's undisputable that the markets are a more proven way to wealth than sports gambling. That has been my point all along. I'm just trying to point people in a better direction than moving to Vegas to "make a go of it".
Best regards!
Gamble for entertainment, invest for wealth!
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Quote Originally Posted by Kaufee:
Gambleholic, speak for yourself. The stock market is a gamble too! I know plenty of people that have lost a fortune gambling on stocks.
Also, there are people that make money long term betting on sports. They can be defined as; intelligent, disciplined, and opportunistic sporting event investors. Or, in short - they can be called SHARPS. Why do you think the books refer to them as Wiseguys? I understand that you're not one of them, but to act like they don't exist is stupid.
I never said they didn't exist. I estimated that 10 of 1000 do succeed at sports betting for the exact reasons that you state. That leaves the other 99.9% that loses consistently in the long run. It's just math and I'm sure the .01% beating the odds put in a TON of WORK and treat it like a job. They are not on covers slinging as many insults as they can to people they don't know. And yes, in 2008 I lost an a$$ ton of cash in the markets....but I made it all back plus double in the past decade. I think it's undisputable that the markets are a more proven way to wealth than sports gambling. That has been my point all along. I'm just trying to point people in a better direction than moving to Vegas to "make a go of it".
Gambleholic, I assure you that there are Sharps that visit Covers. They are likely not the 18 year old kids slinging insults, but they are here nonetheless. It's websites like Covers that offer them much of the information they're looking for.
I thought I saw you write that Sharps just lose their money slower than squares. Perhaps, you were quoting someone else. But, my point was that isn't true.
I completely agree that the stock market is a way to build wealth over the long haul. If you're patient and okay with a 7% return over the course of many years, you can't go wrong with the stock market. But, this is for mutual funds and/or 401K plans that you don't touch for a very long time.
I would argue that the average individual investor trying to pick individual stocks cannot return 7%. In fact, TD Ameritrade had a study that revealed these people return closer to 2%. And the reason was almost exclusively that they sell low and buy high. 2% can't even keep up with inflation. And if you're beating 7%, you are the exception, not the rule.
There are people referred to as Sharps that prefer a much greater return. Keep in mind that they're not trying to outsmart the book. They're trying to outsmart the other people betting on these games. After all, we the public are the ones ultimately setting the lines. If you really think about it, who would you rather try and outsmart...the guys running the hedge funds or your average Joe?
If one can master the latter, the return can be very lucrative and likely more substantial than 7% or better yet, 2% a year. To each his own
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Gambleholic, I assure you that there are Sharps that visit Covers. They are likely not the 18 year old kids slinging insults, but they are here nonetheless. It's websites like Covers that offer them much of the information they're looking for.
I thought I saw you write that Sharps just lose their money slower than squares. Perhaps, you were quoting someone else. But, my point was that isn't true.
I completely agree that the stock market is a way to build wealth over the long haul. If you're patient and okay with a 7% return over the course of many years, you can't go wrong with the stock market. But, this is for mutual funds and/or 401K plans that you don't touch for a very long time.
I would argue that the average individual investor trying to pick individual stocks cannot return 7%. In fact, TD Ameritrade had a study that revealed these people return closer to 2%. And the reason was almost exclusively that they sell low and buy high. 2% can't even keep up with inflation. And if you're beating 7%, you are the exception, not the rule.
There are people referred to as Sharps that prefer a much greater return. Keep in mind that they're not trying to outsmart the book. They're trying to outsmart the other people betting on these games. After all, we the public are the ones ultimately setting the lines. If you really think about it, who would you rather try and outsmart...the guys running the hedge funds or your average Joe?
If one can master the latter, the return can be very lucrative and likely more substantial than 7% or better yet, 2% a year. To each his own
I think the markets are VERY comparable to sports betting. All of the concepts transfer. The difference is the ceiling in the markets is just way higher. Because of betting limits, being a successful full time sports bettor even with a solid bankroll would net you low to mid 6 figures with no room for improvement. With the right bankroll in the market your ceiling is just infinitely higher, making it far superior for a full career. Why do the hard work in sports gambling when that same hard work could make you far richer in stocks? I absolutely agree with you as far as a full time job goes. Watching a stock go up or down isn't quite the same fun though, so for those who are fans of sports that take those stock concepts still make some good cash on the side.
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I think the markets are VERY comparable to sports betting. All of the concepts transfer. The difference is the ceiling in the markets is just way higher. Because of betting limits, being a successful full time sports bettor even with a solid bankroll would net you low to mid 6 figures with no room for improvement. With the right bankroll in the market your ceiling is just infinitely higher, making it far superior for a full career. Why do the hard work in sports gambling when that same hard work could make you far richer in stocks? I absolutely agree with you as far as a full time job goes. Watching a stock go up or down isn't quite the same fun though, so for those who are fans of sports that take those stock concepts still make some good cash on the side.
Excellent discussion fellas. I was quoting Titan I believe whom made the statement that "sharps lose their money slower that squares". He didn't say that exactly, but that was the meaning. I still agree with that statement except for that one tenth of one percent of professionals that do beat the books. It's a VERY narrow group of people and that can do that and they are not the guys selling picks. 99.9% of us are squares.
Gamble for entertainment, invest for wealth!
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Excellent discussion fellas. I was quoting Titan I believe whom made the statement that "sharps lose their money slower that squares". He didn't say that exactly, but that was the meaning. I still agree with that statement except for that one tenth of one percent of professionals that do beat the books. It's a VERY narrow group of people and that can do that and they are not the guys selling picks. 99.9% of us are squares.
Want to apologize to gambleholic63 - I was dealing with some stuff last night and took it out on you. I know you didn't mean to sound arrogant - I just took it the wrong way. We are cool. Good luck on the super bowl.
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Want to apologize to gambleholic63 - I was dealing with some stuff last night and took it out on you. I know you didn't mean to sound arrogant - I just took it the wrong way. We are cool. Good luck on the super bowl.
Want to apologize to gambleholic63 - I was dealing with some stuff last night and took it out on you. I know you didn't mean to sound arrogant - I just took it the wrong way. We are cool. Good luck on the super bowl.
It's all good JaJ. I had one of those nights tonight, as I am prone to, because I am the king of the Squares. I swear I am the worst capper in the history of squares. It can be very discouraging. Better luck to both of us.
Gamble for entertainment, invest for wealth!
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Quote Originally Posted by jajknight:
Want to apologize to gambleholic63 - I was dealing with some stuff last night and took it out on you. I know you didn't mean to sound arrogant - I just took it the wrong way. We are cool. Good luck on the super bowl.
It's all good JaJ. I had one of those nights tonight, as I am prone to, because I am the king of the Squares. I swear I am the worst capper in the history of squares. It can be very discouraging. Better luck to both of us.
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