Sports betting chatter
Quote: VegasriderWhy would you risk betting $1000 to win $10! Most idiotic bet you can make.
I would bet $1000 to win $10 on a lot of things.
I will make the bet with you. My $1000 to your $10 that you can't flip a fair coin 25 times and have it come up heads each time.
Solid 99.9997% edge. But you will still lose 1 in 34 million betsQuote: DRichQuote: VegasriderWhy would you risk betting $1000 to win $10! Most idiotic bet you can make.
I would bet $1000 to win $10 on a lot of things.
I will make the bet with you. My $1000 to your $10 that you can't flip a fair coin 25 times and have it come up heads each time.
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Quote: VegasriderWhy would you risk betting $1000 to win $10! Most idiotic bet you can make. Why not wager $10 on a bet that has a realistic shot of winning that pays the opposite way?
I’ve been making a nice profit betting NASCAR.
The two techniques are not mutually exclusive. I’ve bet and won twice this year on NASCAR. Bet a favorite that ‘should’ have been 6-1 or so but got 10-1.
The most recent $1000 I was going to ‘bet’ would not have won me $10, it was going to get me 40 CENTS! The reason I was willing to do this is this…. Given the teams (Brazil and Tunisia), the score (4-1), the time remaining (30 minutes) and the added bonus that Tunisia was playing a man down, to me, for all intents and purposes there was a zero % chance of Brazil not winning. I looked at more this way……. Push this button and we deposit money into your account.
I also think that it will appear to increase the ‘action’ this website thinks I am giving them, but that’s a separate discussion.
Quote: AZDuffmanHeard a neat "pro tip" on IIRC "Against All Odds" yesterday.
If the line settles at 2.5, take the dog. If it settles at 3.5 take the chalk.
Thinking is if the favorite is not good enough to justify the full key number spread then they are a weak favorite.
Thoughts?
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I know of one pro who has kept records since 2011 of his sports bets, and he has said that he has historically won less money on bets with a -3.5 line than with any other point spread.
Quote: Ace2Solid 99.9997% edge. But you will still lose 1 in 34 million betsQuote: DRichQuote: VegasriderWhy would you risk betting $1000 to win $10! Most idiotic bet you can make.
I would bet $1000 to win $10 on a lot of things.
I will make the bet with you. My $1000 to your $10 that you can't flip a fair coin 25 times and have it come up heads each time.
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Yes, but by then I should have won $340 million dollars. I will gladly pay $1000
Quote: SOOPOOThe most recent $1000 I was going to ‘bet’ would not have won me $10, it was going to get me 40 CENTS! The reason I was willing to do this is this…. Given the teams (Brazil and Tunisia), the score (4-1), the time remaining (30 minutes) and the added bonus that Tunisia was playing a man down, to me, for all intents and purposes there was a zero % chance of Brazil not winning. I looked at more this way……. Push this button and we deposit money into your account.
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That’s outstanding SOOPOO. Can’t just leave $0.40 on the table.
Quote: SOOPOO
The most recent $1000 I was going to ‘bet’ would not have won me $10, it was going to get me 40 CENTS! The reason I was willing to do this is this…. Given the teams (Brazil and Tunisia), the score (4-1), the time remaining (30 minutes) and the added bonus that Tunisia was playing a man down, to me, for all intents and purposes there was a zero % chance of Brazil not winning. I looked at more this way……. Push this button and we deposit money into your account.
I also think that it will appear to increase the ‘action’ this website thinks I am giving them, but that’s a separate discussion.
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This is called "scalping" and should be moved to the investment thread.
Quote: AZDuffmanQuote: SOOPOO
The most recent $1000 I was going to ‘bet’ would not have won me $10, it was going to get me 40 CENTS! The reason I was willing to do this is this…. Given the teams (Brazil and Tunisia), the score (4-1), the time remaining (30 minutes) and the added bonus that Tunisia was playing a man down, to me, for all intents and purposes there was a zero % chance of Brazil not winning. I looked at more this way……. Push this button and we deposit money into your account.
I also think that it will appear to increase the ‘action’ this website thinks I am giving them, but that’s a separate discussion.
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This is called "scalping" and should be moved to the investment thread.
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Well…. I certainly might get caught doing one of these…. If there was such a bet against Leicester City winning the Premier League a few years back I could have lost that $1k.
I HATE that I bet on the Dolphins tonight! I’m hoping for an opening kickoff TD for the fish.
Quote: VegasriderNever heard of the term “Scalping” is it the same as a bridge jumper bet?
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MODERATORS: Move this to the investment thread if it is going off-topic.
Scalping is a shot term trade to make a small profit by taking advantage of a particular market. The "short time" can be from seconds to a few days. Seconds with stocks, days with options.
I will relate this to sports betting at the end.
Options have a thing called "theta" which is also called "time decay." Sometimes I can find am option expiring Friday (almost all expire on Friday) with 30 or more cents of theta. Lets pretend Ford is selling at $15 per share and I find an option with a strike price of $14.50 and it is selling for $0.80 and today is Thursday. (Yes, today is Thursday! But for those of you in Rio Linda I am using Thursday as an example.)
I do not think the stock will fall below $14.50 in a day and a half so I buy 100 shares and sell 1 of the aforesaid options so I am buying at a net price of $14.20. I then just wait for close of market on Friday. If the stock is above $14.50 then the option gets exercised and my stock gets sold at $14.50. But remember, I paid a net of $14.20 the day before. Giving me a nice $0.30 profit for holding it one day!
On stocks it is a little different. You need a fast connection and Level 2 quotes. In that case I look for lots of buy orders a little below the current price, indicating good support (or reverse that for short sales). I buy a few hundred shares, maybe 1,000 or more depending on my account size. I then hope for other buyers and the price popping a few cents. Then I sell and lock in that small profit. Then lather, rinse, and repeat.
For sports you would look for perhaps Robert Morris University football team in an early season jobber game to Notre Dame and bet the moneyline on Notre Dame. Small profit but almost a sure profit.
So scalping is taking a very strong position were you can make a small profit. Maybe similar to a bridge jumper bet.
