Sports betting is the most legit moneymax

[LeftPegged]

A super low risk bet like 1/500 would return $500 if you bet $100,000.

That’s a 99.8% probability you will make $500 doing absolutely nothing. Imagine this with multiple bets or even more money like say one million (5K return).

Statistically someone that does this everyday with $1 million will only lose twice every three years, meanwhile they will make $5.5 million over these three years, guaranteeing a 3.2 million profit over these years.

I.e. 1 million dollar salary a year! And now if it’s a sport they know very well, the risk is even lower!

 

[LeftPegged]

@Harold O'Briеn thoughts on this? This forum thinks it’s too good to watch sports but all the moneymoggers are drinking beers watching Lebron lol

 

[Deleted member 27441]

Nah, man. Even attempting legit crime is less dumb than trying to get rich by betting on sports.

 

[LeftPegged]

Nah, man. Even attempting legit crime is less dumb than trying to get rich by betting on sports.

Cos the bookies rig the odds?

I don’t mean for getting rich, I mean for people that’s are already rich

 

[thereallegend]

the house wins

 

[LeftPegged]

the house wins

But what about capitalising on super unlikely odds.

If a football team is up 20 points halfway through the 4th, they’re going to win

 

[SecularIslamist]

Do matched and arbitrage betting nigger.

I used to do it but my accounts got restricted because I kept winning.

 

[thereallegend]

But what about capitalising on super unlikely odds.

If a football team is up 20 points halfway through the 4th, they’re going to win

won't make much money doing that

 

[thereallegend]

sports betting is a hobby

 

[LeftPegged]

Do matched and arbitrage betting nigger.

I used to do it but my accounts got restricted because I kept winning.

Niggas doing arbitrage, meanwhile I’m paying the refs

 

[LeftPegged]

won't make much money doing that

The point is if you already have a lot of money, then even with low odds you can get a bag

 

[LeftPegged]

@thereallegend i seen a few videos of fights breaking out between fans in these 2023 nba playoffs.

You think they’re fighting because muh free throw? No. They’re fighting cos they put their house on a spread

 

[AscensionMan98]

A super low risk bet like 1/500 would return $500 if you bet $100,000.

That’s a 99.8% probability you will make $500 doing absolutely nothing. Imagine this with multiple bets or even more money like say one million (5K return).

Statistically someone that does this everyday with $1 million will only lose twice every three years, meanwhile they will make $5.5 million over these three years, guaranteeing a 3.2 million profit over these years.

I.e. 1 million dollar salary a year! And now if it’s a sport they know very well, the risk is even lower!

Some guy tried this and lost a lot.



Original article

Bettor loses ‘sure thing’ $1.4M wager to win $11K on Chargers

The bet was placed on the live money line (-12,500) when the Chargers had a 27-0 lead over Jacksonville late in the first half of Saturday’s NFL wild-card playoff game.

www.reviewjournal.com

Basically the dude lost 1.4 million trying to win 11k. JFL. He already had the funds to retire and gambled it ALL for some chump change ( relative to what he had ) . 11k for normies is a lot.

So yes in the end house always win. A better strategy would be however to just stick to fixed % amounts and then hedge some after generating a decent portfolio . Hedging obviously would cut into the profits, maybe even negate the little gains from betting on high odd probability , so may not be viable but it would be best to do the math as if the odds are super high, then hedging for the other outcome is going to be relatively cheap.

 

[LeftPegged]

Some guy tried this and lost a lot.



Original article

Bettor loses ‘sure thing’ $1.4M wager to win $11K on Chargers

The bet was placed on the live money line (-12,500) when the Chargers had a 27-0 lead over Jacksonville late in the first half of Saturday’s NFL wild-card playoff game.

www.reviewjournal.com

Basically the dude lost 1.4 million trying to win 11k. JFL. He already had the funds to retire and gambled it ALL for some chump change ( relative to what he had ) . 11k for normies is a lot.

So yes in the end house always win. A better strategy would be however to just stick to fixed % amounts and then hedge some after generating a decent portfolio . Hedging obviously would cut into the profits, maybe even negate the little gains from betting on high odd probability , so may not be viable but it would be best to do the math as if the odds are super high, then hedging for the other outcome is going to be relatively cheap.

And this nigga didn’t cash out? serves him right for betting on the chargers

 

[thereallegend]

@thereallegend i seen a few videos of fights breaking out between fans in these 2023 nba playoffs.

You think they’re fighting because muh free throw? No. They’re fighting cos they put their house on a spread

Absolutely, sports betting is great for sports and overall great for the economy.