betting football-baseball= a joke on you.

[Fort Fun Indiana]

More people go bankrupt betting on Stocks and opening up restaurants

There is for a percentage of sports bettors who make a living doing it

Which I am sure is roughly 0.01% at best. Probably ly.more like 0.0001%

I think the success rate is a little better with restaurants and stocks.

 

[kjw47]

Not everyone loses more than they win.

Few win, many lose.

 

[Fort Fun Indiana]

Few win, many lose.

"Few" is a huge overstatement.

 

[Andrew_Jackson_FTW]

Which I am sure is roughly 0.01% at best. Probably ly.more like 0.0001%

I think the success rate is a little better with restaurants and stocks.

I think it’s more like 10 to 20% last I checked

But most gamblers are not problem gamblers. Most people who walk through casino of that number 1% of them end up becoming problem gamblers. The number of people who go bankrupt in the brutal and often cutthroat stock market and business industry is much much higher.

It is out right hypocrisy to try and criticize people who gamble or even a casino or sports book, but not provide the same criticism toward the restaurant industry or the business industry. In a free market capitalistic society freedom prevail meaning that people should be allowed to open up casinos with regulations, restaurants and businesses with oversight and regulations.

 

[Fort Fun Indiana]

The number of people who go bankrupt in the brutal and often cutthroat stock market and business industry is much much higher.

I seriously doubt that, regarding personal bankruptcies.

Of course gambling for entertainment is just that... spending money on entertainment. Because you WILL be spending money. I spend money to go to the movies. I know when I leave the house my wallet will be lighter. Same for gambling for entertainment.

Over the long term, 10 to 20% is far too high a number. Sports books and casinos would go out of business. Go lower. MUCH lower. The more you play, the more you lose. It's not luck. It's mathematics.

It is out right hypocrisy to try and criticize people who gamble or even a casino or sports book, but not provide the same criticism toward the restaurant industry or the business industry.

Nobody did that. I criticized the expectation of winning. And your comparison is silly. The restaurant business is not an algorithm designed to take your money. Neither is the stock market.

 

[kjw47]

I seriously doubt that, regarding personal bankruptcies.

Of course gambling for entertainment is just that... spending money on entertainment. Because you WILL be spending money. I spend money to go to the movies. I know when I leave the house my wallet will be lighter. Same for gambling for entertainment.

Over the long term, 10 to 20% is far too high a number. Sports books and casinos would go out of business. Go lower. MUCH lower. The more you play, the more you lose. It's not luck. It's mathematics.



Nobody did that. I criticized the expectation of winning. And your comparison is silly. The restaurant business is not an algorithm designed to take your money. Neither is the stock market.

Yes all the greed run things on earth are corrupt to the core. Congress has a law that they can do insider trading=pure corruption, then turn their face and put others in prison for doing it. It doesn't get any more corrupt than that.

 

[odanny]

I feel good to be bucking the dire odds presented by people on this thread.

 

[Andrew_Jackson_FTW]

I seriously doubt that, regarding personal bankruptcies.

Of course gambling for entertainment is just that... spending money on entertainment. Because you WILL be spending money. I spend money to go to the movies. I know when I leave the house my wallet will be lighter. Same for gambling for entertainment.

Over the long term, 10 to 20% is far too high a number. Sports books and casinos would go out of business. Go lower. MUCH lower. The more you play, the more you lose. It's not luck. It's mathematics.



Nobody did that. I criticized the expectation of winning. And your comparison is silly. The restaurant business is not an algorithm designed to take your money. Neither is the stock market.

I understand that, but there are those in the United States, who view the gambling industry as evil, but the statistics show us that way more people go broke investing in the stocks and opening up restaurants. Most people don’t gamble on a regular basis.

30% of poker players are winning players. So I was using that 10 to 20% number for sports betting bc its within a reasonable range of something similar.

What Percentage of Poker Players Are Winners? (2023)

What percentage of poker players are winners over the long run? In this article I tell you exactly how many poker players actually win in the long run.

www.blackrain79.com

It’s been somewhat difficult to ascertain the numbers for what percentage of sports betters are winners. Taking like a sample size of one to three years of sports betting.

The fact of the matter is, there are those who make millions of dollars as professional sports better.

 

[Andrew_Jackson_FTW]

I seriously doubt that, regarding personal bankruptcies.

Of course gambling for entertainment is just that... spending money on entertainment. Because you WILL be spending money. I spend money to go to the movies. I know when I leave the house my wallet will be lighter. Same for gambling for entertainment.

Over the long term, 10 to 20% is far too high a number. Sports books and casinos would go out of business. Go lower. MUCH lower. The more you play, the more you lose. It's not luck. It's mathematics.



Nobody did that. I criticized the expectation of winning. And your comparison is silly. The restaurant business is not an algorithm designed to take your money. Neither is the stock market.

The restaurant industry is cutthroat. Restaurants compete with each other. Over 50% of restaurants fail the first year. People can lose a ton of money there.

“A study by Ohio State University on restaurant failure rates found that 60% of restaurants don’t make it past their first year and 80% close within five years of their grand opening.”

Why Do Restaurants Fail? Avoid These 12 Mistakes

Why do restaurants fail? We spoke with restaurant owners and experts to round up the biggest reasons for restaurant failure and how to avoid them.

www.lightspeedhq.com

 

[Andrew_Jackson_FTW]

screwed again by the corrupt sports gambling, just like in the baseball playoffs--keep on betting, they are very happy when you do.

I’m not even going to lie I bet against the Buffalo Bills on Sunday night. Around $60 back to win 550. Comes down to the final play of the game and some people are saying that there was a defensive pass interference on the giants wide receiver. There was no call , bills won.

Do you know how easy it would be for me to claim that the game was rigged.?


But it’s not rigged. Sometimes the referee simply miss a call. Sometimes a player drops a pass. You know how easy would be for somebody to say that the stock market is rigged because there have been a few instances of corruption. There you go, brother.

 

[odanny]

I’m not even going to lie I bet against the Buffalo Bills on Sunday night. Around $60 back to win 550. Comes down to the final play of the game and some people are saying that there was a defensive pass interference on the giants wide receiver. There was no call , bills won.

Do you know how easy it would be for me to claim that the game was rigged.?

Wait, what? You bet the Giants on the money line? The Giants were getting 15 and easily covered the spread. I had a 3 team parlay and I teased the Bills down to -8 and they still didn't cover the spread, it was my only loss on the day, and the best Sunday I've had all season. I rarely bet the Bills on large spreads because they rarely cover them, but the Giants had a backup QB.

 

[Andrew_Jackson_FTW]

Wait, what? You bet the Giants on the money line? The Giants were getting 15 and easily covered the spread. I had a 3 team parlay and I teased the Bills down to -8 and they still didn't cover the spread, it was my only loss on the day, and the best Sunday I've had all season. I rarely bet the Bills on large spreads because they rarely cover them, but the Giants had a backup QB.

Yes I did and I came very close to a Victory. I thought it was a solid bet . The bills are not up to par…. Too many injuries on defense and there’s other issues.

Tyrod Taylor has some athleticism he used to play for the Buffalo Bills. He got us to the playoffs for the first time and nearly 20 years

Nice job on your bets tho …. I had a losing weekend.

I stand with 6000 on the Arizona Diamondbacks on a $60 bet if they win the World Series. I could’ve cashed out the back for 850 but I’m not playing for them. I don’t mind losing 60 and I don’t really care about the 850.

But I do have a somewhat insurance beton the Phillies to sweep the Diamondbacks. And I plan on betting against the Diamondbacks when they go home for a hedge bet

 

[odanny]

Yes I did and I came very close to a Victory. I thought it was a solid bet . The bills are not up to par…. Too many injuries on defense and there’s other issues.

A road game, at night, in Buffalo, for a pathetic Giants team missing their starting QB?

You were lucky enough to even be close as the score was.

The Diamondbacks have a tall task beating Philly, who seem to me to be the hottest team in the playoffs. I would be cashing out if I were you. I bet the Rangers at +360 to win it all.

Props to you for betting the Giants too, you had a chance at the end.

 

[Andrew_Jackson_FTW]

A road game, at night, in Buffalo, for a pathetic Giants team missing their starting QB?

You were lucky enough to even be close as the score was.

The Diamondbacks have a tall task beating Philly, who seem to me to be the hottest team in the playoffs. I would be cashing out if I were you. I bet the Rangers at +360 to win it all.

Props to you for betting the Giants too, you had a chance at the end.

Just like you said, the fact of the matter is the game was close. And the Giants should’ve scored a touchdown or at least a field goal in the end of the first half. That was a total fluke. Very rare for it to happen

I actually have a small future bet on the Rangers to win the World Series that I placed months ago… so I’ll get something out of it if they prevail.

I agree the Philadelphia Phillies are a great team. They are on fire. But game one was not so much of a blow out. The Diamondbacks came back late in the game. They put up three runs. They showed that they can compete with Philadelphia. Game two should be very interesting.

 

[leftwinger]

I’m up about $1200 since I started betting on fanduel in 2021.

Sometimes I screw up though and I don’t play my future bets right. meaning I’m supposed to hedge and I don’t.

I just started this year. I make plenty of mistakes down about 60% overall. If it is all fixed? I could roll random numbers. EVEN for home and ODD for road. got a chance to end up 50%?

There are two sides. Bets can be placed either way. I suppose they could FIX a game if you knew VEGAS had 90% of the money bet on one side? But VEGAS adjusts payouts to try to get 50% on each side.


I lost a bunch on College football ouch! Won only 3 of 16 bets last SAT.

Did pretty good on NFL (this is what I opened the account for). Made some mistakes on NFL accepting buyout too early (when I had it right!). KC (NFL)_downed the ball in the last 30sec twice when they could have ran it in (cost me a huge 14:1 parlay).

I got killed on MLB when MIL, MINN, BALT, HOU could not score just 1 more run despite bases loaded no outs many time! I was really on the edge of seat over those losses.

I may have to stop...........as I am such a loser. ARG!

 

[leftwinger]

Wait, what? You bet the Giants on the money line? The Giants were getting 15 and easily covered the spread. I had a 3 team parlay and I teased the Bills down to -8 and they still didn't cover the spread, it was my only loss on the day, and the best Sunday I've had all season. I rarely bet the Bills on large spreads because they rarely cover them, but the Giants had a backup QB.

I won the UNDER on that one.

 

[leftwinger]

Over the long term, 10 to 20% is far too high a number. Sports books and casinos would go out of business.

Are you sure about that? That means 80%-90% of the bettors (80%-90% money invested) are losers.

 

[leftwinger]

Just like you said, the fact of the matter is the game was close. And the Giants should’ve scored a touchdown or at least a field goal in the end of the first half. That was a total fluke. Very rare for it to happen

I actually have a small future bet on the Rangers to win the World Series that I placed months ago… so I’ll get something out of it if they prevail.

I agree the Philadelphia Phillies are a great team. They are on fire. But game one was not so much of a blow out. The Diamondbacks came back late in the game. They put up three runs. They showed that they can compete with Philadelphia. Game two should be very interesting.

I told you I had not been betting TEAMS since I can't keep my BIAS out of it! If I like the underdog and hope they win it has messed up my thinking. It has worked for me in the NFL but I may have to go ahead and pick some teams to win in MLB instead of runs scored. I did take PHI first five innings -0.5runs earlier today at home with NOLA pitching. PHI BP got used up a bit last night....and exposed. AZ has a good shot late I would think.

 

[Andrew_Jackson_FTW]

I told you I had not been betting TEAMS since I can't keep my BIAS out of it! If I like the underdog and hope they win it has messed up my thinking. It has worked for me in the NFL but I may have to go ahead and pick some teams to win in MLB instead of runs scored. I did take PHI first five innings -0.5runs earlier today at home with NOLA pitching. PHI BP got used up a bit last night....and exposed. AZ has a good shot late I would think.

It’s tough to keep your bias out of it. People always say don’t bet with your heart

This is why I prefer Poker I’m up about 55K since 2021 so it’s been some good extra money from that. I had a hell of a year in Poker in 2021 and good years and 22 and so far this year doing solid.

Sports betting is a different animal. Because you could have your home team but you might want to bet on …:and it’s cost me a few thousand dollars betting on the bills to win the Super Bowl last year and the year before it.

I get what you’re saying with betting the
dog. You see a team is three to one or even 10 to one we think Wow I could bet small on it and win big. More often than not. It turns out to be a loss, but you can take the dog and if the game is close, you can cash out the ticket during the game and make a profit

But there are arguments against cashing out during the game. It’s there for a reason the sports books probably make money off of that option.

That’s why when it comes to underdogs I generally prefer to make those bets via future bets like betting a dog to win the championship. I made good money doing that the first year the Vegas Golden Knights reached the Stanley Cup they were 500-1 and also betting the St. Louis Blues to win the Stanley Cup the year they won at all. I got them at 300-1 on a small bet. And I had the Miami Heat at about 120 to 1 to win the NBA championship last year…. so I made some money on that as I cashed out some of my bet when they made the finals…. I would’ve made a hell of a lot of money if they would’ve won at all, and they certainly had a shot at it.

I read somewhere that the last time a team that was over 80 to 1 odds to win the World Series and won was the Minnesota twins in the late 1980s I believe. So if the Diamondbacks do it it will make some history.

 

[Andrew_Jackson_FTW]

I just started this year. I make plenty of mistakes down about 60% overall. If it is all fixed? I could roll random numbers. EVEN for home and ODD for road. got a chance to end up 50%?

There are two sides. Bets can be placed either way. I suppose someone could fix something if you knew VEGAS had 90% of the money bet on one side? But VEGAS adjusts payouts to try to get 50% on each side. Problem is, If any game is on I want to try to bet it. especially if I see what I think is good payback for the risk.


I lost a bunch on College football ouch! Won only 3 of 16 bets last SAT.

Did pretty good on NFL (this is what I opened the account for). Made some mistakes on NFL accepting buyout too early (when I had it right!). KC (NFL)_ downed the ball in the last 30sec twice when they could have ran it in (cost me a huge 14:1 parlay).

I got killed on MLB when MIL, MINN, BALT, HOU could not score just 1 more run despite bases loaded no outs many time! I was really on the edge of seat over those losses.

I may have to stop...........as I am such a loser. ARG!

These are really good points…. And it seems like you’ve had a tough go so far with a baseball postseason hopefully things turn around for you.

I’ve seen some times where 72% of bets are on one team. I think it’s pretty rare though like you said the sports books try to even it out