Can someone explain sports betting for me?

[Brooke Shields]

I just used one for the first time last night for the superbowl, i broke even since i took some riskier/less likely higher pay off bets, then my easier ones kept me even


What's to stop me from just putting $10 on some bet that says -500 or whatever and then I gain 50 cents? Is the only downside for those times when it doesn't hit so you lose all the meager gains from the little bets?

Just someone help me find out if i'm too retarded for this stuff cause when I hear someone say the world parlay my eyes glaze over and I reminisce of Pirate of the Caribbean

 

[Coonskin]

It’s what bored people do to make games more exciting because they’re usually boring to begin with

The concept is you put money down and if things go the right way you may make more money. On the other hand, you could also lose the money you put down.

This is the essence of gambling

 

[BonnieMcFarlaneMe2]

I forgot where I saw it but someone bet like 100k to win 7k that an NFL team wouldn’t come back from being down by like 28 points after the 3rd quarter then lost. Edit: I think NEPhilly correctly explained what I was talking about.

 

[Peckas]

I forgot where I saw it but someone bet like 100k to win 7k that an NFL team wouldn’t come back from being down by like 28 points after the 3rd quarter then lost.

I read that too I think last year maybe but yeah somebody definitely did that ESPN was listing this years bets apparently the sports books took quite a hit offering SF 49ers -1.5 and OT was worse for them

 

[NortheastPhilly]

By the time you make any kind of profit off of risking $10 to win 50 cents, you’ll just lose it all. The upsets bound to come around.

Some guy this year bet over a million to win $11k on a 4th quarter live bet that seemed a guarantee but the Jags had a miracle comeback.

 

[Turk February]

I just used one for the first time last night for the superbowl, i broke even since i took some riskier/less likely higher pay off bets, then my easier ones kept me even


What's to stop me from just putting $10 on some bet that says -500 or whatever and then I gain 50 cents? Is the only downside for those times when it doesn't hit so you lose all the meager gains from the little bets?

Just someone help me find out if i'm too retarded for this stuff cause when I hear someone say the world parlay my eyes glaze over and I reminisce of Pirate of the Caribbean

so the closer you get to random chance the more money you make. About 3 events on one ticket is the best way to bet.

 

[guest]

I just used one for the first time last night for the superbowl, i broke even since i took some riskier/less likely higher pay off bets, then my easier ones kept me even


What's to stop me from just putting $10 on some bet that says -500 or whatever and then I gain 50 cents? Is the only downside for those times when it doesn't hit so you lose all the meager gains from the little bets?

Just someone help me find out if i'm too retarded for this stuff cause when I hear someone say the world parlay my eyes glaze over and I reminisce of Pirate of the Caribbean

Yes you will lose. Its never a sure thing. I lost like that. I researched the hell out of this and theres no point in sports betting.

Once in a blue moon youll get a hot tip and win big (like if a horse likes the slop and his mother was a mudder) but thats all.

 

[TheUserRedditBanned]

In the 30 for 30 documentary about the night Buster Douglas knocked Mike Tyson out, the head guy at one of the Vegas sportsbook was interviewed. He said he opened the line at something crazy, like 42 to 1 for Buster to win. Immediately a ton of money started coming in on Tyson to win pennies. He had to adjust the line to get any action on Buster Douglas and reduce the risk for the book.

Of course, all those bettors lost on the "sure thing" Tyson victory.

 

[StlakerFatti]

The only bet you are sure to win is that you add upon your sins. And God is uncorruptible.

 

[TheUserRedditBanned]

The sportsbooks themselves tell you that only 3-5% of their customers win money. Given their incentive to make that number as large as possible, a dive into the statistics would probably show a real number of 1-2%.

In order to even have a shot at being in that 1-2%, one has to almost completely divorce themselves from enjoying the games and look at every Sunday as an intelligence-gathering operation. (The big guys are grading players based on performance and feeding each Sunday's info into a computer model that generates what they believe to be a better and more accurate point spread for next weeks games.)

I hate to be one of those "grindset" guys, but there's no easy money hanging off the bookies. Chiseling out a few shekels is a lot of work. Given the hours I spend thinking about the NFL and my paltry winnings, I'd be better off in a sweatshop. (And just because I'm up at the end of this season doesn't mean I'll repeat that next year.)

 

[BonnieMcFarlaneMe2]

The sportsbooks themselves tell you that only 3-5% of their customers win money. Given their incentive to make that number as large as possible, a dive into the statistics would probably show a real number of 1-2%.

In order to even have a shot at being in that 1-2%, one has to almost completely divorce themselves from enjoying the games and look at every Sunday as an intelligence-gathering operation. (The big guys are grading players based on performance and feeding each Sunday's info into a computer model that generates what they believe to be a better and more accurate point spread for next weeks games.)

I hate to be one of those "grindset" guys, but there's no easy money hanging off the bookies. Chiseling out a few shekels is a lot of work. Given the hours I spend thinking about the NFL and my paltry winnings, I'd be better off in a sweatshop. (And just because I'm up at the end of this season doesn't mean I'll repeat that next year.)

I know what I’m doing though. I have a system.

 

[Jesse Ventura]

It’s a method to bilk beer-drinking sports fan losers out of their meagre earnings. Sports betting is a retard’s pursuit. You will lose over the long haul.

If you want to gamble, learn to count cards.

 

[IGotATreeOnMyHouse85]

I do it but I don’t wager big money, just couple bucks on a game if it’s on that night. Makes a game you wouldn’t care much about more fun and since I’m not putting big money down it isn’t the end of the world if I lose.

 

[midwit]

If you live in states that allow online sports betting, it really is worth it to take advantage of the new account bonuses. At least it was a year ago. I remember making a few K.

Obv retarded to keep going after that.

 

[Uncle Floyd]

If you live in states that allow online sports betting, it really is worth it to take advantage of the new account bonuses. At least it was a year ago. I remember making a few K.

Obv retarded to keep going after that.

I got a free $200 (in eight $25 bets) from DraftKings for depositing some amount of cash. I somehow ended up winning seven out of those eight bets and walked away with about $800. Took the money and never went back.

If you want to gamble, learn to count cards.

Casinos have made it hard to win much with 6:5 blackjack payouts and automatic shufflers. But, you're right, if you count cards well, play basic strategy, know the deviations, and can find a casino that still does 3:2 and two-to-six-deck shoes you actually have an edge. It's slight but over time you will win.

 

[NIGGER_ANNIHILATOR_1488]

What's to stop me from just putting $10 on some bet that says -500 or whatever and then I gain 50 cents?

Nothing. This is boring though and most people don't do it, which is why the online sports betting companies make their money. There are people who try to bet 100s of thousands on only -500 and the sports betting sites just ban them.

 

[BonnieMcFarlaneMe2]

Nothing. This is boring though and most people don't do it, which is why the online sports betting companies make their money. There are people who try to bet 100s of thousands on only -500 and the sports betting sites just ban them.

Being able to get banned for doing too well is such bullshit. Same when casinos do it.

 

[LingerLonger]

The sportsbooks themselves tell you that only 3-5% of their customers win money. Given their incentive to make that number as large as possible, a dive into the statistics would probably show a real number of 1-2%.

One of the big reasons why the losing number is so high is that when someone loses all of their money they are never going to make back. They are simply done. They are on the loser list for the rest of the year. But if someone wins their first eleven months of the year....they can still lose it all in the last day of the year. This often happens with stuff like the Super Bowl. Where people piss away their entire bankroll in one day.

Artie Lange was infamous for this. He would bet like $500K across the entire NFL season and have like $100K left at the end of a good season of betting for him. Then he would throw down $2million on just the Super Bowl bets no matter what. Betting everything from the coin toss, scores after each quarter, longest punt, longest punt return, longest field goal, shortest field goal, longest drive. Practically every aspect of the game had a bet on it. Guys will make bets about the half time show and the announcers even.

 

[TheUserRedditBanned]

One of the big reasons why the losing number is so high is that when someone loses all of their money they are never going to make back. They are simply done. They are on the loser list for the rest of the year. But if someone wins their first eleven months of the year....they can still lose it all in the last day of the year. This often happens with stuff like the Super Bowl. Where people piss away their entire bankroll in one day.

Artie Lange was infamous for this. He would bet like $500K across the entire NFL season and have like $100K left at the end of a good season of betting for him. Then he would throw down $2million on just the Super Bowl bets no matter what. Betting everything from the coin toss, scores after each quarter, longest punt, longest punt return, longest field goal, shortest field goal, longest drive. Practically every aspect of the game had a bet on it. Guys will make bets about the half time show and the announcers even.

I didn't do anything quite that stupid, but I would have been up 40% for the season if I had just told myself that there's no hidden value in the playoffs and stopped betting Week 17.

 

[IGotATreeOnMyHouse85]

I didn't do anything quite that stupid, but I would have been up 40% for the season if I had just told myself that there's no hidden value in the playoffs and stopped betting Week 17.

I was up and down all season but had a nice run at the end taking who ever the 49ers were playing getting points. They were favored for 3 games and didn’t cover once.