This idea that most of the guys betting on sports every weekend are “pretty much breaking even” is wrong. Anyone can get lucky on a long shot, but as soon as you demonstrate the ability to get the real edge – the one that understands that odds pricing is the only thing that matters, you are kicked out for life.
oh so it’s like having a reddit account
I’m surprised that the narrative is apparently that people are breaking even. Everyone I know views, say, casinos as 100% rigged, and the expectation is that the typical person loses consistently. Considering the business model this should be obvious?
I think the barrage of ads and the promise of “free money” lures people into thinking they don’t have much risk
“The house always wins,” is a well-known phrase for a reason. Mathematically, games in casinos are rigged in their favor. Games that are more favored towards the player have lower payouts. Blackjack, for example, is a solved game and therefore doesn’t pay out as much as poker, which has no limits and the house takes a cut of the pool one way or another. Slots are another good example of a rigged game. The odds of a jackpot are so horrendously low, casinos can afford to give players free drinks and rooms for playing penny slots.
I always wondered how people could lose at sports betting when all you have to do is find MMA and wager on a Russian Muslim every time. I guess they ban you for being too good.
Like the video says, it doesn’t matter if you can mathematically prove that your guy will win 90% of the time if it’s priced like they will win 91%
Because the good ones (everyone trained by Abdulmanap basically) are always heavy favorites. You will have to risk large sums to win a pittance and all it takes is one loss to wipe out all your previous winnings.
