www.vox.com
Saw that. Incredibly dumb on those involved but I'm interested in what the bets were and the payout. College Baseball gets very little action even during the College World Series. An odd bet would stick out much more than in other sports. But that also may be why this has somewhat been solved rather quickly. I'm guessing the payout wouldn't have been more than a single check he was receiving as coach. Hope it was worth it.
www.espn.com
Did the Special Olympic Committee approve? Or do they have to? I’m not a gambler. Definitely seems wrong, but I’m not sure of the details. Read an article, but it did not mention any comments from the Special Olympics.
www.forbes.com
We just opened gambling, which is addictive, to a bunch of unsuspecting people. There will be an uptick.
Great post. Like any other thing in life - gambling should be treated as a hobby, a likely expensive one. It’s not something you should be doing in hopes of getting rich. When I do gamble, which isn’t often, I view it no different than paying for a movie, video game, ticket to a sporting event. Im paying for entertainment and expect no money back. Anything I do win is just icing on the entertainment cake. Unfortunately most view it as a get rich quick play.
I use your same model when betting. Basically if I'm going to sit down and watch I game that really interests me I'll throw $10-25 down...that's about what I'd spend going out. If I win great. If I lose then I'm not too upset. I don't start chasing money if I lose a couple in a row. This is my hobby
Funny thing about these cases are... if they bet smaller amounts they could've made money and probably never noticed. But $100k on a college BASEBALL game... yeah. That's a gigantic red flag. And then dumb enough to not know the casino cameras could read his phone screen... OR that he actually told the sportsbook employees that he had insider info... so f'n dumb.
I laughed at this whole article when I read it. I was guessing the guy tried to throw a couple grand down...which would've still raised alarm. $100 grand would've stood out no matter what he was better on. Especially at a small, slightly used, gaming window at GABP. May be the dumbest gambler of all time
1. Don't do it. Value your money more than that. If you don't want it, give it to charity. They'll make better use of it.
You sure about that? Look up most charities on how much they pay out vs. what they spend on administrative and promotional costs.
Still better than giving your money away. At least some of that money will help people.
Thing is, sportsbooks aren't looking to bet against their customers. They're putting half their customers against the other half and collecting a small fraction.
That is correct, a sports book is only worried about splitting the play equally and "irregularities" that can affect the outcome a with big betting swings tied into it ala the 'Bama baseball case. On the other hand the balance of a casino is all about the house edge, you might think that the house advantage at a popular game like blackjack at .28% is not bad but remember that a casino is open 24/7, 365 so over the course off all that play .28% still pays for some bills plus not everyone follows the rules to maximize odds; don't split or double down when advantageous. Craps is a great example to look at too. Pass Line + Odds is basically no house advantage. Yet I rarely see a player at craps only make this play, eventually a unit or two gets thrown to the stickman for those hard ways which have house advantages of 9% for 6/8 and 11% for 4/10. Ouch. If you want to know what is the best games to play in a casino note below link:
Really, the best odds at a casino are going to be blackjack if you're counting cards (but that's usually easy to spot by the casino and they can 'ask' you not to ever come back. And craps if you're betting on the Don't Pass/Don't Come. Funny, though, that the rest of the table really doesn't like people better against them.That is correct, a sports book is only worried about splitting the play equally and "irregularities" that can affect the outcome a with big betting swings tied into it ala the 'Bama baseball case. On the other hand the balance of a casino is all about the house edge, you might think that the house advantage at a popular game like blackjack at .28% is not bad but remember that a casino is open 24/7, 365 so over the course off all that play .28% still pays for some bills plus not everyone follows the rules to maximize odds; don't split or double down when advantageous. Craps is a great example to look at too. Pass Line + Odds is basically no house advantage. Yet I rarely see a player at craps only make this play, eventually a unit or two gets thrown to the stickman for those hard ways which have house advantages of 9% for 6/8 and 11% for 4/10. Ouch. If you want to know what is the best games to play in a casino note below link:
House Edge of Casino Games Compared
What is the house edge? A guide to the actual house edge, standard deviation and bets per hour of major casino games including Blackjack, Baccarat, Pai Gow...wizardofodds.com
Did you see the link I posted? Casinos have internal formulas on what the actual odds are based off of all the betting errors suckers make when in a casino. Outside of the insurance business casinos are the most stats driven industry out there.
Yeah. And casinos don't consider counting cards 'optimal'. They'll kick you out of they suspect it. it's why most non-NV casinos use an 8-deck shoe where the shoe has nearly two full decks after the cut card. Really hard to get an advantage that way. Most NV casinos are two deck, and it's much easier. Even then, they'll still stop after about 1.5 decks. They're not letting the end of the shoe be played.
1. That's for me to decide (disclaimer: I give far more to charity than my handful of $5 bets, but it's all my money to spend how I see fit).
