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WorldIndustries
Dec 21, 2004

Sports gambling is pretty much the same as all other types of gambling. If you can find bets that are +EV, and make them more than -EV bets consistently over a long period, statistically your bankroll will increase. but depending on the type of gambling that ranges from difficult to impossible

With casino games it's obviously impossible because the house doesn't provide any +EV bets, just ones on a range of bad to insanely bad

In poker you can make decisions that are +EV based on the most likely cards in your opponents hands, but that can be offset by the behavior of opponents. It's difficult to learn how to be winning at poker and the ups and downs are brutal.

Sports gambling seems to be in the middle of those extremes. the odds are set such that every bet is supposed to be -EV, so you have to beat the vig somehow. Maybe the odds makers for some reason got things wrong on a particular bet and it's actually +EV, but maybe not.

Betting big on underdogs seems like a terrible system, those odds are already super unfavorable for the gambler

WorldIndustries fucked around with this message at 21:51 on Sep 15, 2022

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Head Bee Guy
Jun 12, 2011

Retarded for Busting
Grimey Drawer
So bet big on Nate Diaz, got it

Mr. Nice!
Oct 13, 2005

c-spam cannot afford



It is more difficult than it used to be with MMA betting, too. Bookies are more informed about fighters and lines are much tighter regardless of talent disparities.

Also, reminder that Jase hit bottom more than once over the years. Each time he did, he'd resort to pool hustling to build a bankroll back up again. I know that lifetime his gambling was positive, but he lost a loooooot to get there.

Marching Powder
Mar 8, 2008



stop the fucking fight, cornerman, your dude is fucking done and is about to be killed.

Head Bee Guy posted:

So bet big on Nate Diaz, got it

why bet a little to win a lot when you can bet a lot to win a little?

Bunni-kat posted:

For our mma brethren not in-the-know, betting on the Undertaker to beat Brock Lesnar is literally the safest sports bet possible. Story line is the Undertaker is 21-0 at Wrestlemania.

DannoMack posted:

Bet way more than I can afford to lose on the Undertaker.

Scapegoat posted:

I'm guessing there is also a size limit so the script writers can't drop a million on a sure thing?

DannoMack posted:

My site didn't have a limit.

Gyro Zeppeli posted:

They take bets on it so who cares.

Bet your loving CHILDREN on Taker winning.

His odds are only 1/100 though. Even the bookies know it's a safe-as-houses bet.

Fozzy The Bear posted:

Found his ticket

Mr. Nice!
Oct 13, 2005

c-spam cannot afford



Marching Powder posted:

why bet a little to win a lot when you can bet a lot to win a little?

loving :lol: I don't think I've ever seen this.

Marching Powder
Mar 8, 2008



stop the fucking fight, cornerman, your dude is fucking done and is about to be killed.
i just waded back through the thread to judge how i did as a degenerate. there used to be some amazing lines available every now and again, like i was fairly confident putting down 200 on rose to beat joanna and she was a +500 dog and that was a big bet for me and i hit that. unfortunately though i would regularly hit something big and then just squander in a fit of sheer degeneracy. like this time i put all the rose money on kelvin to beat jacare at +130. i won this one would you believe, but lost sooo many others.

my most success came in the way of parlays. some memorable ones include picking black beast to beat ngannou and dc to beat stipe and won 500 off of a 50 bet. also that time i put 2 dollars on a whole-card 12-fight parlay and hit it to win like 400.

ultimately though i was loving terrible lol

deposited: $5850

won: $2738

total loss: $3112

this thread cost me a bit over 3k. worth it.

on my travels, i found the post i recalled.

jase1 posted:

I had about 200k saved up from shooting pool over the years and I took that money and bought the company I was working for when the owner retired. I owned it for about 6 years and then sold it for just over 3.5 mil to a finance company in New York who just wanted my customer list. I now have a stock portfolio and was able to retire at the age of 40. I bought a house for cash in Florida and now have a financial advisor who helps make money from all of that. I pay myself a salary every month out of that and none of that money ever gets touched and never will get touched for gambling. I make more money a month than my salary I pay myself per month so I am doing fine. My gambling bankroll is about 200k give or take a few grand depending on how I am doing. Sports betting is just for fun and I made about 5k total overall last year from it. I bet about 10k a week on the NFL during the season and then I usually only place a few homer bets on the Cavs through out the season and then I will bet things like the world series or other major sporting events. If my bankroll gets low I just go back to shooting pool for awhile which is so boring to me it's like a job and I hate it. I could travel around and hustle dummies for a living and make great money but in this day and age with so many guns it's just not wise. I make most of my money from mid stakes omaha high low and NL holdem. The casino in Cleveland was gold mine and padded my bankroll so I could make fun bets on MMA. Anytime I won money at MMA I either bought my wife a present, bought myself into the main event of the WSOP this past year or wasted it all on Roulette and craps. If my bookie is hanging out with me when I win on MMA I mostly just blew the money in front of him it's like a tradition we have to gently caress with each other.

My gambling has got me everything I have in life, my company that sold for a huge profit, a wife that is way out of my league who also signed a prenup, a chance to play in the WSOP with the best poker players in the world a house close to the beach with an amazing pool and countless other things in life. I will soon be purchasing a small boat for 10k so I can learn how to fish. I don't have a gambling problem but I might have a drinking problem. I spend more money on high end scotch than most people do on food. It has not affected my health yet though. I am pretty fit because I exercise regular and I run every day. The doctor never believes me when I tell him how much I drink but he always tells me to cut it in half and I still don't listen.

RIP

Dirt Road Junglist
Oct 8, 2010

We will be cruel
And through our cruelty
They will know who we are
I am currently +$17 on my book. Two weeks ago, I was -$45 or so. I only wager in $5 increments, and mostly put money on live dogs and the occasional stupid parlay. I’ve also been able to restock a few times in the past year with free promo prop bets on dumb NFL poo poo, otherwise I’d probably be closer to zero.

My biggest regret was not paying close attention, and misclicking on Poirier vs McGregor 1. I thought I’d won big off of Dustin, and then looked at the drat slip and realized I’d wagered wrong. The line on the rematch wasn’t worth a poo poo. Missed opportunity.

The biggest win so far was putting 5 on Roxy to beat Antonina Schevchenko. Never underestimate a nerd fighting someone with an undeserved ego.

canoshiz
Nov 6, 2005

THANK GOD FOR THE SMOKE MACHINE!
My best wins probably came from Weidman beating Silva twice but I never put down a lot of money to begin with. I also lost money on every single McGregor fight up to the first Diaz fight. I also convinced my cousin to not bet the farm on Holm against Rousey. Needless to say I do not bet on MMA anymore.

Speaking of mass bets, I was not here for the Mark Coleman vs Randy Couture era of PSPMMA betting, but it seemed really funny from the stories.

Head Bee Guy
Jun 12, 2011

Retarded for Busting
Grimey Drawer

canoshiz posted:


Speaking of mass bets, I was not here for the Mark Coleman vs Randy Couture era of PSPMMA betting, but it seemed really funny from the stories.

https://www.youtube.com/watch?v=0cQOej9nuho

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe
i have an fairly good interest/understanding in statistical baseball/hockey prediction, and I do a lot of data stuff in my day job, so I've considered trying to build a basic model or trying to do some basic ML on it, but I don't think I would have as much fun as "209 bitch" and "Usman looka deflated" as my reasoning for betting, so I haven't looked into it further.

from what I know about gambling in general, the places to make serious money are probably on some of the weirder betting lines, like # of rounds and likelihood to finish and stuff like that. there's a good article about Haralabos Voulgaris, who was a pro NBA bettor and poker player and then got hired by Dallas:

https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler

one of the things he made a lot of his money on was just total points in basketball because Vegas didn't account for the halves of the game not typically having the same # of points.

I interviewed a VP of Data/Analytics from Caesar's a couple of years ago and asked him about how solid they have MMA down and he said basically yeah, the less known/popular/statistically studied a sport is, the more likely it is that the casinos haven't done a lot of that work either. So MMA is a decent candidate for building a model and getting an edge since there's not a lot of public statistical analysis on it and it's pretty new.

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe
what's everyone got for this weekend.

I can't decide if I really like Makachev at -190 or Charles at +160. One of those feels like a great bet, but I dunno if I'm smart enough to figure it out. Leaning towards Islam.

I like Sterling at -175, but not sure if I like it enough to bet yet

Definitely going to take O'Malley at +225, probably by decision, too.

Dariush at +160 looks great, too, as does Belal at +120.

Brut
Aug 21, 2007
Probation
Can't post for 30 days!
Can't bet on the main event until the weigh ins, you never know. Agree on Beneil and Belal. O'Malley is gonna get destroyed.

Shumagorath
Jun 6, 2001
I have a workout in the middle of the prelims so I can't even drink during the main card let alone gamble on it.

Might think about money on Makachev so if Oliveira wins I'm still happy. That was someone's play here for his last fight.

Shumagorath fucked around with this message at 02:40 on Oct 20, 2022

Fozzy The Bear
Dec 11, 1999

Nothing much, watching the game, drinking a bud

DO YALL WANT A BOXC posted:

what's everyone got for this weekend.

Definitely going to take O'Malley at +225, probably by decision, too.

I feel like that is your biggest miss. He's never beat a top 15 fighter, and now he's going up against the former champ? If he does win, its going to be an early KO.

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe

Fozzy The Bear posted:

I feel like that is your biggest miss. He's never beat a top 15 fighter, and now he's going up against the former champ? If he does win, its going to be an early KO.

completely get that, but it feels like: taller + younger fighter generally has a really good chance.

I also like Sean's mind games so far. Yan has that moron thing that I like to talk about where he might try and knock Sean out instead of just taking him down and grinding him out. If he tries that, Sean is a very live dog imo.

Shumagorath
Jun 6, 2001
Betting on MMA fighters to be dumb is a solid system.

Foul Fowl
Sep 12, 2008

Uuuuh! Seek ye me?
i bet a fiver on charles and a fiver on yan to win by finish. oliveira bet is pure homerism, while i think o'malley is either gonna be finished early, or late, depending on how sprightly yan is feeling. if there was a prop bet for o'malley to break his hands and possibly legs on yan's indestructible head and body i would have put my life savings on it.

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe
Parlay of Brady to win and Brady with most significant strikes @ +130, $10 to win $23
O'Malley to win @ +215, $20 to win $63
O'Malley by decision @ +500, $7.25 to win $43.50
Aljo to win @ -175, $20 to win $31.42
Dariush to win @ +170, $20 to win $54
Parlay of Makhachev to win, in round 1, with most takedowns and most significant strikes @ +700, $5 to win $40
Parlay of Dariush, O'Malley, Aljo, and Makhachev @ +2360, $20 to win $492.11


I think I might lose literally all of these lol. I feel bad betting against Do Bronx but I think the odds on Islam are really good and it's on his turf.

Fozzy The Bear
Dec 11, 1999

Nothing much, watching the game, drinking a bud

DO YALL WANT A BOXC posted:

O'Malley to win @ +215, $20 to win $63
O'Malley by decision @ +500, $7.25 to win $43.50
Parlay of Dariush, O'Malley, Aljo, and Makhachev @ +2360, $20 to win $492.11


How much did it cost to pay off the judges?

LobsterMobster
Oct 29, 2009

"I was being quiet and trying to be a good boy but he dialed the right combination to open the throw-down vault and it was on."

"Walter Foxx is ten times brighter than your bulb at the bottom of the tree merry xmas"

Fozzy The Bear posted:

How much did it cost to pay off the judges?

Probably just under $598.61

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe

DO YALL WANT A BOXC posted:

Parlay of Brady to win and Brady with most significant strikes @ +130, $10 to win $23
O'Malley to win @ +215, $20 to win $63
O'Malley by decision @ +500, $7.25 to win $43.50
Aljo to win @ -175, $20 to win $31.42
Dariush to win @ +170, $20 to win $54
Parlay of Makhachev to win, in round 1, with most takedowns and most significant strikes @ +700, $5 to win $40
Parlay of Dariush, O'Malley, Aljo, and Makhachev @ +2360, $20 to win $492.11


I think I might lose literally all of these lol. I feel bad betting against Do Bronx but I think the odds on Islam are really good and it's on his turf.

https://www.youtube.com/watch?v=deNk2qHA3FA

Marching Powder
Mar 8, 2008



stop the fucking fight, cornerman, your dude is fucking done and is about to be killed.
jase is with us this day

Digital Jedi
May 28, 2007

Fallen Rib

DO YALL WANT A BOXC posted:

Parlay of Brady to win and Brady with most significant strikes @ +130, $10 to win $23
O'Malley to win @ +215, $20 to win $63
O'Malley by decision @ +500, $7.25 to win $43.50
Aljo to win @ -175, $20 to win $31.42
Dariush to win @ +170, $20 to win $54
Parlay of Makhachev to win, in round 1, with most takedowns and most significant strikes @ +700, $5 to win $40
Parlay of Dariush, O'Malley, Aljo, and Makhachev @ +2360, $20 to win $492.11


I think I might lose literally all of these lol. I feel bad betting against Do Bronx but I think the odds on Islam are really good and it's on his turf.

way to go!

STING 64
Oct 20, 2006

gj

Mr. Nice!
Oct 13, 2005

c-spam cannot afford



Marching Powder posted:

jase is with us this day

Fozzy The Bear
Dec 11, 1999

Nothing much, watching the game, drinking a bud
Anderson Silva is showing up as a betting underdog with many places vs Jake Paul.

Might be worth it to throw a few $ on him.

But them again Silva is 47 years old.

DO YALL WANT A BOXC
Jul 20, 2010

HAHA! WOOOOOOO WOOO!
Fun Shoe

Fozzy The Bear posted:

Anderson Silva is showing up as a betting underdog with many places vs Jake Paul.

Might be worth it to throw a few $ on him.

But them again Silva is 47 years old.

Thanks for reminding me lol. He's +150 on DraftKings. I don't know how to handicap the odds on whether the fight is fixed. even at this age, I think Andy could easily purposefully lose over 8 rounds without taking too much damage. But how likely is he to do that?

if I knew it was a straight up fight I would jump at those odds, which makes me think it's not straight up.

Uriah Hall is only -390 against Leveon Bell, which seems like crazy easy money. Not sure if I'll bet on that though.

Marching Powder
Mar 8, 2008



stop the fucking fight, cornerman, your dude is fucking done and is about to be killed.
Yeah if I was sure it was a straight up fight I'd bet on Andy to put him away in less than 3

Shumagorath
Jun 6, 2001
Anderson himself could tell me the fight was fixed and I still would not allow myself to profit off the Paul brothers.

Fozzy The Bear
Dec 11, 1999

Nothing much, watching the game, drinking a bud


God drat! I know he's 47 years old, but its freaking Anderson Silva....

https://twitter.com/_FIGHTING_WORLD/status/1583947111594590209

Fozzy The Bear fucked around with this message at 22:08 on Oct 28, 2022

Scapegoat
Sep 18, 2004

Fozzy The Bear posted:



God drat! I know he's 47 years old, but its freaking Anderson Silva....

https://twitter.com/_FIGHTING_WORLD/status/1583947111594590209

Paul's team have shown they are quite astute at picking opponents for him. So while I agree they likely know something we don't know.

Eat This Glob
Jan 14, 2008

God is dead. God remains dead. And we have killed him. Who will wipe this blood off us? What festivals of atonement, what sacred games shall we need to invent?

anderson apparently said he got knocked out twice in sparring and changed it to knocked down twice when the comission got curious about it.

still, i can't avoid betting on old man anderson (old manderson?) to win. $23.68 (to round my account down to an even number when paul kills him) to win $68.67.

Brut
Aug 21, 2007
Probation
Can't post for 30 days!
Video I saw had him change it to "guys you know I joked (lied) about that to make my sparring partners sound good", I dunno what the timeline is on the stories.

I don't think he's gonna let himself get caught like Woodley but I also don't think he's gonna try very hard to do damage or win, we'll see though.

Edit:
Here's what I originally saw:
https://www.youtube.com/watch?v=uZgES6fmpRg
But I'm realizing now you can't hear poo poo in that video so here's a version with better audio:
https://www.youtube.com/watch?v=LCNVYkUKY1g

Further edit:

poo poo just realized what thread we're in, uh, yeah don't bet on this fight lmao.

Brut fucked around with this message at 02:40 on Oct 29, 2022

Shumagorath
Jun 6, 2001
I hope the fix is in, but Anderson bet on himself and wins, and the Paul bros vlog their clown-rear end attempt at a manhunt.

STING 64
Oct 20, 2006

$440 on jake.

Marching Powder
Mar 8, 2008



stop the fucking fight, cornerman, your dude is fucking done and is about to be killed.

JOHN CENA posted:

$440 on jake.

rad

Mr. Nice!
Oct 13, 2005

c-spam cannot afford



Eat This Glob posted:

anderson apparently said he got knocked out twice in sparring and changed it to knocked down twice when the comission got curious about it.

still, i can't avoid betting on old man anderson (old manderson?) to win. $23.68 (to round my account down to an even number when paul kills him) to win $68.67.

JOHN CENA posted:

$440 on jake.

I really hope the former bet is the winner tonight.

STING 64
Oct 20, 2006

i dont wanna win here guys,

Spokes
Jan 9, 2010

Thanks for a MONSTER of an avatar, Awful Survivor Mods!
they're not cashing in the undefeated jake paul train for anderson silva

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Fozzy The Bear
Dec 11, 1999

Nothing much, watching the game, drinking a bud
I put $200 on Silva, you guys are crazy.

I should have put money on Silva to KO, but I just spent all my money on my wedding anniversary dinner.

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