Sports betting: is it worthwhile.
if your good at it
>>1154244
To give you a quick answer; no, it's not worth it.
I've tried it pretty seriously for a few months now, even buying tips from a pro bettor. It's ridiculously hard to make money.
Of course it's possible, but I think it's way harder than most people think.
Like gambling, it's for degenerates.
>>1154244
Balkan reporting.
Pretty much national sport here,only way to earn is to find the fixed matches usually Chinese or Japanese league for football,please note that they have limited time to bet since bet shops know and close down the betting.
Ive seen people making serious money doing this.
>>1154988
latvian/Lithuanian
>>1154244
If you have more of an edge over your fellow betters than the house has over you it could be aight. This edge can I suppose come from insider info, having amazing knowledge of the game in question, etc.
My friend has made over 1000 in the last 3 months utilizing free bets.
Look into matched betting, and open lots of accounts to get the free bets.
Well it's fun, but you'll lose money in the end.
Lose a bet, lose all your money.
Win a bet, more often than not don't even make double your money.
>>1155012
How is this allowed?
Also, 1000USD in 3 months doesn't seem worthwhile for the time...
>>1154988
>find the fixed matches
How????
>>1155013
This. also it's very very stressful
>>1155360
By being tipped by a friend, who is tipped by his friend, who is tipped by his friend, who is tipped by his friend who has a cousin in Italy, who is tipped by his friend who is involved in the fix.
If it works out:
>HEHE, I TOLD YOU SO MAN!! BEER'S ON YOU!
If it doesn't:
>Shit, man, I got fucked over as well.
Overall, it's the same as regular gambling as if you've had no information at all, but your typical Balkanfag is biased and convinced he's making progress.
t. Balkanfag watching his friends throw away money.
>>1155370
Why we don't have on /sp/ or /biz/ sports beting?
>>1155381
Because no one has any reliable information apart from 'knowing my way around competitive'. If they did, it wouldn't be free.
All we have is speculations like:
>This guy's girlfriend broke up with him, so he won't be in the mood.
>This guy's leg is still healing.
You can find plenty of blogs, with tips, and a table of past guesses with 95% success rate or whatever. Then they try to sell advert spaces, but can't, so all blogs just swap and link each other. You get a blog tip site with 10 other linked on the front page, none of which reliable.
i know how to make a huge profit from football betting, the problem is when you win X amount they limit your stakes or shut your account down.
bet365 is key to make money from football betting, they 2nd guess alot of info which gives you an edge in some games.
>>1155387
If you had to create a formula for successful betting what would it be?
Gamble for entertainment only. Never gamble expecting to profit. Never gamble an amount you'll regret losing. Never gamble if you aren't financially stable.
>>1155391
I've heard ebookies get salty when you are 'unprofitable'. Whats the average threshold of winnings before they limit you?
>>1154244
Sure, if you're the one taking the bets. Especially with tote betting, because then you cut 5-10% out the pool before distributing it among the winners as your margin.
>>1155450
I'm not the person you asked but I've had my account with Coral limitted after making £3000 profit with 0 lost bets.
I can now only make bets upto a maximum of £2 on sports excluding horse racing.
>>1155429
Couple of things come to mind. We need binary outcomes, e.g. Tennis or a 'Back'+'Lay' bets on the same event.
1. Use bet bonuses websites use by making as many accounts as possible, switching your IP, using 10minute emails etc. There are guides for this on the internet.
2. Bet on different websites in different countries that might have different favourites. E.g. Bitch and Whore are playing tennis. Bitch is from America, Whore is from EU. Whore is unpopular in America, getting decimal odds above 2.00 on an American website, while the same holds for Bitch in the EU.
(Demands time-consuming research, you might be better off getting a job at McDonalds)
3. Something similar to 2., but you use 'live betting' to your advantage. E.g. bet on the underdog with coefficient above 2.0. As they start winning, bet on the currently losing favourite whose odds have just became above 2.0. You have 100% of success in this scenario, but whoever you bet on initially needs to start winning. Which is more or less like gambling.... You might be better off putting everything on Black in the casino.
In fact, you might be better off getting a job and investing. You can reliably bet, because you control the outcome, because you control your own decision making....
>>1155450
yeah mate they are really bad, cause they are clueless about reserve football and like womens football etc. ive had my account limited to £3 after 2 bets before
Balkans also reporting in
a friend of mine makes a solid amount of dosh, he found a guy who's religious about NBA players and knows them like the back of his hand, he pays him around 200 euros/month and so far the guy has had a consistent 60-65% guess rate on points (+/-)
the friend gets the info from him, then bets only "singles", ie single matches and puts down like 50e per match
he profits about 400-450e/mo if I remember correctly
People offering or talking about fixed games are idiots. Fixed games need a lot of preparation and money, so nobody who is involved in this would risk his investment and offer this information.
Sports betting is not worth it
>you get limited as soon as you win
>you need countless accounts because you get limited
>you have only a short period of time to bet decent stakes, because you get limited
>did I mentioned you get limited?
>you could pay some Asian guys as a middleman so you could bet with Asian bookies, but you limited by the Asians as well as soon as you make good money (but it is a lot better than european bookmaker)
So if you are good at sportsbetting the best thing you could do on the long run is offering advice. Start a blog with affiliate links or just sell your tips.
sounds very interesting, i know a site that never limit people and they are huge on basketball
>>1155526
Which Balkan paradise you from? I want to say Croatia/Serbia
>>1155391
Bet365 are pathetic thieves. They scam anyone that wins claiming that it is fraud. Hold the players' money for months.
Stay away.
I hope you realize the irony of asking this question during March Madness, a tournament notorious for proving the unpredictability of sports.
You will lose more than you win, and when you do win your bookie will limit you because he hates losing money more than you do.
>>1155449
The only sound advice in the thread. If you lost your bankroll, would you have enjoyed the betting anyways?
Think baseball, esp in regard to the pitcher match ups. Pete Rose had some thoughts.. MLB a 50/50 game of chance.
if youre good at it
>>1154244
baseball bet
I bet you one million dollars that if i add total runs for a team of your choice and you multiply runs for team of your choice for a whole year that i will have more runs
only through arbitrage
http://www.baseball-reference.com/
I turn 15 dollars to 200 daily using 3 or 4 single bets, end up on about 217, withdraw the 200. Start again with the remaining 17
Safest bet is to bet on teams with shit defence, e.g a leauge, most Mexican leagues, and definatly MLS.
Bet on the faveroute team to win, but with BTTS(both teams to score)
Odds are 99% above 2.0.
Faveroute team wins as there attack is the best but defence is shit so they let in 1 or two goals but score about 4. If they can not stay consistent the whole game cash out before the losing team equalises. Profit
>>1156495
Nice.
But what do you mean 'cash out'?
>>1156495
Bullshit.
Do you really think bookies are idiots? If it is really that common that both teams score you'll never get odds over 2.0.
You need to find odds with value.
If both teams have a 50% chance of winning (we just ignore the draw for this example) bookies will offer you odds around 1.9 for both teams. No matter who wins, the bookie is making cash.
Sometimes bookies give teams with a 30% chance of winning odds over 4.0, because they are playing against a popular team or some other shit. These are the picks you bet on. You bet on value! This is how you make money on the long run.
For example:
We have today a game in Serbia, Super League.
FK Novi Pazar vs. Crvena Zvezda Belgrade
Bookies offer odds for the home team over 8.0.
In my opinion the chances of winning are around 20%, so the odds should be around 5.0.
This is an extreme example, most games have smaller value.
A few other examples for today.
Value on home team (odds first offered by bwin, probably changed now):
Zelezarny Trinec - 1. SC Znojmo (3.75)
Mickleover Sports - Workington AFC (4.33)
Colwyn Bay - Buxton FC (4.00)
Merstham FC - Metropolitan Police (2.45)
ITT: Temporarily embarrassed experts.
ITT: poorfags outside of the UK that have only access to online bookies
Just get a fixed game.
>>1154244
is online sports betting illegal? Can i even spend the money if I win or would the IRS start hatein?
Btw best site for gambling bitcoins?
>>1154244
no dude. but sports brokering is
>>1155918
Not him but betting in Serbia is 99% full retard. Bet on Djokovic on Swiss betting sites and make 5% a month until his knee explodes.
>>1156821
>not fixing the game yourself
>>1155009
this
>>1155449
There are pros who make a living off of sports betting.
>>1155450
>>1155499
Good bookies will not do this as long as they have a good line and the money balances on both sides they will have to reason to limit you.
>>1155564
No he doesn't the best pro win 53-55% even harder at a league like the NBA. He would be a millionaire if he had that percentage.
>>1155831
Absolutely right very few fixed games and people like us aren't in on it.
>>1156108
Not true and very hard to find this day and age without a strong program.
>>1156994
If you bet in Vegas you have to report your winnings. If you do it online you're good because its illegal anyways
>>1154981
This.
It's the spreads that kill you.
You ONLY win by betting underdogs, and even then you have to be one hell of a predictor.
I've never seen or heard anyone making any money at it.
A few people do make a lot, but hey people win the lottery too. People win the world series of poker.
>>1155008
Balkan =/= Baltic
not worth it. Even if you win most games youll make minimum returns because of odds. then eventually youll lose and lose it all
>>1156750
>You need to find odds with value.
>If both teams have a 50% chance of winning (we just ignore the draw for this example) bookies will offer you odds around 1.9 for both teams. No matter who wins, the bookie is making cash.
Bookies always make cash. Doesn't matter if it 90% chance for a team to win...that is why the line will move. It is just market value, will you risk 100$ knowing that you have to say the Shitskins will win by 22 after line just move up a point and a half?
Doesn't matter, bookie will get x amount of money from both sides of the bet.
As for finding odds with value?! That's really just being smarter than the handicapper who gives vegas sportsbooks the starting lines. You know they can't go through every game and every detail, they generalize often because they know that they'll get that loot from both sides, like I explained. You just have to know when they are dead wrong on an outcome and bet the house..
won a 100/1 bet on the tynesyde derby
wish I put on more than a pound
and that is where the problem starts
>>1154244
Betting companies get teams of highly skilled mathematicians, engineers, actuaries and statisticians to calculate the odds of each team winning and how far they should push returning price down to maximise profit.
You are competing against the elite.
>>1161952
traders only have a GCSE B grade in maths..
