Some advice for the younger folks

First I’ll give you a little of my background. I’m 40, gambling for 27 years, degenerate in my teens and early 20’s, bookie for a few years, now I don’t get involved much in sports gambling. I was friendly with a guy who was the biggest bookie in the Boston area before he got indicted. He had thousands of customers. I would go to the local bar and let people bet horses for the big horse races each year. You might as well lite your money on fire instead of betting on horse races. I know and handful of bookies and hundreds of gamblers. 

Do you know who wins gambling on sports? Nobody. 

It’s easier to become a well paid professional athlete than it is to become a professional sports gambler. 

If you’re young, and you like to gamble, always be the house. Be the bookie. When you go to party’s on Friday and Saturday nights be the blackjack dealer. 

Do you know who wins investing in stocks and real estate? Everyone. Literally every single person. 

I’m not sure if this thread was immediately moved here or if I posted it here by mistake instead of in General Discussion. 

Either way this probably isn’t the thread Covers wants getting attention at the beginning of the football season. 

If you know all this and make 20 million a year ....Wtf happened with those 4 horrific picks you made this week ?

Thoughts ?

Your post doesn’t make any sense. Put your broom down, think about it, and try again a little later. 

Not sure what was too complicated about it . Gamblers never win you say ...its easier to be a pro athlete ...yet you gambled on 4 terrible games trying to be a hero . I know you like to hear yourself talk ...but please explain ?

Pea brains like yourself always have to add an untruth to their arguments. 

I never said I make $20 million a year. 

I didn’t try to be a hero. 

I took 4 pretty big underdogs and all 4 bets lost. I lost $2,000 for the weekend. So what? 

Try arguing the overall point. 

Maybe I’ll follow your picks posted in the PB closely and prove that you’re a loser?  

Don’t get embarrassed when I prove it, everyone reading it is a loser as well. 

I never said I make $20 million a year. 

I don’t need a time machine. I’m 40, good looking, healthy, and made over $20,000,000 this year. 

Ive held gambling contests in the penalty box and paid the winners a few hundred. I’ve given away thousands worth of crypto. I have threads telling people to buy real estate in 2012. I have threads trying to explain that a crypto boom was coming.

What do you do? Post shamrocks under people’s gambling picks?

Have fun staying poor 

Wallstreet - Page 2 - Penalty Box | Covers

Thoughts ?

That’s all the truth.

I invested $700,000 in crypto over the last 4 years and cashed out $21,000,000 this year.

I don’t make $20,000,000 per year. 

Do you want me to talk slower and break it down further or is this breakdown sufficient for your little pea brain to comprehend? 

Thoughts? 

This is too easy 

It warms my heart that my truth is unfathomable to you. 

I try to help people like yourself all the time but their pea brains just can’t grasp it. 

In 2010 I told everyone I know to buy real estate. One of my friends listened and bought a 3 family instead of renting. He has around $500,000 in equity. I have a thread somewhere on this site from 2011. 

In early 2020 I told everyone crypto was going to pump. Not a lot of people listened. 2 people in my real life (both plus high six figures) and maybe a few people in my crypto thread here from 2017 with 3,600 posts. 

Now let’s get back to the original topic that seems to have hit a nerve with you… Everyone that gambles on sports is a loser. 

Quick question ....Hows your life ?

Have you thought of selling your story to Amazon prime or netflix ?

Any chance you have a good line on a 1988 Ford Escort Gt with low mileage ?

Oh man I had a 88 eacort in 94 ...Lasted 2 weeks ..Facking lemon 

Pretty good 

Tom Vu never had one 

He wasn't a loser like me and my friends 

Apparently it is not too easy. 

Would you say the same things if you he had picked 4 of the 5 or 6 underdogs that did win?  Of the 4 he tried, only one was never in doubt.  One went to OT, one wasn't decided until last 3 minutes or so, another wasn't decided until after midway of the 4th Q.

So, instead of going to that thread and 'making fun' of him losing, you come to this thread and do it.  Why not attempt to address what he is talking about in this thread?

It is not so easy then, I guess. 

A lot of people gamble on sports and very, very few win consistently.  But nearly every 'investor' will 'win' consistently.  Try addressing this part of the thread instead of proving his point about the gambling on sports part.  Address the psychology of why -- even knowing you are mostly going to lose -- you still bet.  Or, why people do not invest consistently for long-term.

Or show your consistent winning bets on here. 

This thread could go in several good, productive directions.  Instead you chose to take it down this path -- which, was unfortunate.

Now it looks more like jealousy.  Wait for a real estate dip or crypto dip and buy you some next time.  Or suggest to others what you are investing in. 

First off....WTF are you talking about .....Let the adults talk that have history .....stop sticking your nose where it doesnt belong big brother 

“Let the adults talk” 

This guy is 9-7 +$200 and he thinks he’s something 

Raiders22 was teaching me how to trade options in the crypto thread during the Covid crash. 

It always amazes me where people put the time and attention. Raiders22 has a ton of real knowledge about making real money… he’ll get no attention. Some idiot in the NFL forum will manipulate bets and post a fake record and get tons of attention. 

Basically everyone just wants to make money. 

One person has real knowledge of how to make real money. And if you listen to him, you’ll make real money as well. 

One person has no real knowledge. And if you listen to him you’ll go broke. 

The psychology involved is fascinating. 

This guy cant remember what he says because he cant keep his lies and truth in order ....George Costanza and Tom Vu are terribly embarrassed 

Ok scrub move along. I’ll keep an eye on your bets going forward. 

My prediction is that you’ll be in hiding by week 10. 

I’ve read a few articles today on the psychology behind sports betting. I think they’re accurate for the most part. 

The one thing I can’t understand is why people don’t feed that same beast by investing in stocks or real estate instead of sports gambling? With one you’ll win and with one you’ll lose. 

Maybe it’s too slow? Not enough of a high? Ignorance? 

I post honest and accurate records for a decade ......win or lose ....I dont tell people I make a billion dollars a year and stay on a gambling website spouting lies and stories from 2012 ....bol moving forward