Sports betting and Earning Supplemental income
Basketball is the "new frontier" so to speak, but good luck getting a clean data set. Someone also mentioned Hockey as a possible play, but I have no idea if that's realistic or not.
On "riding someones coattails": you won't find an advantage player on the planet willing to just give up valuable information for nothing in exchange. The second other people start making the same bets as them, they lose some of their edge due to exposure.
To be a successful advantage player, especially in sports betting, you really need to have some stats/analytics abilities to crunch numbers yourself. It's a lot more work than most people think. The only serious/successful sports bettors I know are really prominent math guys like the Wizard, or PHDs with immense coding/machine learning knowledge.
Quote: Pinit2winitJust to reiterate I did say I could work a % deal out and that I guarentee if someone is afraid of my small bets effecting the spread in any way they are way too paranoid. Thanks for the other info though man I do appreciate the timely response.
Again though, why would they give you the information for a % of the profit when they can make the bets themselves and keep all of the profit? Sure they mitigate a bit of risk but it's not worth giving out the information.
Quote: DRichGo bet as much as you can on Michigan St -3 and on Iowa +3.5. Those numbers are available in Vegas as I write this.
Why if they play eachother...
EDIT: My book offers only 3.5 for both
EDIT: Assuming MI wins by 3 you push and iowa pays?
Quote: Pinit2winitAssuming MI wins by 3 you push and iowa pays?
Yes, I think it is a good low risk play. At most you can only lose the juice and if Mich St wins by a field goal you collect.
Now you owe me 10% of your wins.
Quote: DonutsI don't sports bet but the people I know who do tell me Baseball/Football aren't the best opportunities anymore because everyone and their mother has access to the data and analytics power to gain an edge, the bookies know it, and they'll stop taking your action once they see you're a winner.
Basketball is the "new frontier" so to speak, but good luck getting a clean data set. Someone also mentioned Hockey as a possible play, but I have no idea if that's realistic or not.
On "riding someones coattails": you won't find an advantage player on the planet willing to just give up valuable information for nothing in exchange. The second other people start making the same bets as them, they lose some of their edge due to exposure.
To be a successful advantage player, especially in sports betting, you really need to have some stats/analytics abilities to crunch numbers yourself. It's a lot more work than most people think. The only serious/successful sports bettors I know are really prominent math guys like the Wizard, or PHDs with immense coding/machine learning knowledge.
I don't think you need to be that smart in todays age with all the software out there that can crunch your numbers for you. Google
Rebelbetting
Quote: DonutsAgain though, why would they give you the information for a % of the profit when they can make the bets themselves and keep all of the profit? Sure they mitigate a bit of risk but it's not worth giving out the information.
I would have given the Wizard a BR the beginning of this year and asked him to bet me right along with him on the half-point parlays (since I can't do it from here) for some agreed-upon %age if he would. However, I don't know how many times he's said he has trouble putting down all the money he wants to bet as it is, so I never asked. I can vicariously enjoy that he seems to be well ahead on them this year, though. Go, Mike!
