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Forum » Why do retards gamble on sports so much? (serious thread)
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Thread: Why do retards gamble on sports so much? (serious thread)

post 1692581493 10-30-2023, 07:27 PM
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Why do retards gamble on sports so much? (serious thread)

Why do all my friends constantly gamble on Draftkings and FandDuel?

It makes no sense. No one I know is up money. One kid I know is down 10K lifetime. Just an absolute idiotic way to lose money.
post 1692581603 10-30-2023, 07:29 PM
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2 main reasons:

1 - Makes watching games more exciting.
2 - They think they actually know the game.

One of my mates is the king of horse racing, always on forums, knows 3/4 of trainers in the state, can tell you everything about each and every horse in every race, and yet he still loses money.
post 1692581633 10-30-2023, 07:30 PM
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my brother degens pretty hard into it but seems to always make decent $ from it

think he made like 30k+ from it last year
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post 1692581733 10-30-2023, 07:31 PM
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Originally Posted By DrugsToGetBig⏩
my brother degens pretty hard into it but seems to always make decent $ from it

think he made like 30k+ from it last year
How? Literally everyone I know is down money

Sports gambling is 50/50. How does anyone profit from this? It's like profiting 30K from betting a coin toss the whole year
post 1692582023 10-30-2023, 07:38 PM
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they're searching to feel something in life
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post 1692582093 10-30-2023, 07:39 PM
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tried it with the free bonus and uninstalled immediately after losing $10

it's a huge scam, many times they make up a bs excuse even if you win the bet to not pay you, look at reddit
post 1692582143 10-30-2023, 07:41 PM
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I'm up on MMA many times the initial investment, it's the only sport on which I bet. I put time into watching and studying film, tho.
post 1692582213 10-30-2023, 07:43 PM
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post 1692582233 10-30-2023, 07:43 PM
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Originally Posted By Rebal012⏩
How? Literally everyone I know is down money

Sports gambling is 50/50. How does anyone profit from this? It's like profiting 30K from betting a coin toss the whole year
well, to be fair it's a combination of sports betting & online gambling like blackjack and ****

he either is lucky or knows what hes doing lol
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post 1692582373 10-30-2023, 07:47 PM
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I always do pretty well with late regular season and playoff NBA. I don't even do any arbitrage or shop lines or anything like that. Just use one book and know the game.
post 1692582503 10-30-2023, 07:50 PM
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Sports is really the only thing you can gamble on because you have "superior information" like the equity markets, etc.

Cards, slots are for dumbasses.

I've been able to build models to predict O/U for prop bets in the Superbowl, basically I know what that # should be before the line is released. Example, Joe Burrow a few years ago passing. You get in early before the lines adjust where there is value.

You have to be systematic and have a rigorous process, otherwise you are throwing your money away.

I'm reading Billy Walters book now. A lot of what he says is how I approach it and this was before even opening the book.
post 1692582573 10-30-2023, 07:52 PM
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Originally Posted By Rebal012⏩
How? Literally everyone I know is down money

Sports gambling is 50/50. How does anyone profit from this? It's like profiting 30K from betting a coin toss the whole year
It's not. You forecast points for each team and if you have it differently than Vegas you put your $ where you have an advantage and value.
post 1692586233 10-30-2023, 09:22 PM
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Just lol at sports gambling
post 1692586583 10-30-2023, 09:31 PM
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I only gamble a few $'s here and there and to play DFS with my friends. Makes watching sports more exciting.
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post 1692586753 10-30-2023, 09:34 PM
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Never got into sports betting,probably because I never followed sports and would have no idea how to play.
I do however waste money on lottery tickets. I have a running subscription, and it’s the only way I’m going to be able to start Misc island
Back with my Fam
post 1692586793 10-30-2023, 09:36 PM
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last year i was betting a lot on baseball games and i dont even watch baseball.

probably lost like 20k
post 1692588463 10-30-2023, 10:47 PM
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because if you're actually decent and you're not an addict and pick your spots and don't gamble every day/every game you can make decent $.

Some kid I know tho blew his 2.6M inheritance gambling tho lmao one of the craziest downward spirals Ive ever seen.
post 1692588583 10-30-2023, 10:51 PM
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Originally Posted By 6gorillion⏩
because if you're actually decent and you're not an addict and pick your spots and don't gamble every day/every game you can make decent $.
because idiots like this think they'll be the one to win even though the odds are inherently stacked against you.
See SuperHercules' sig
post 1692588923 10-30-2023, 11:06 PM
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Originally Posted By skier!⏩
Sports is really the only thing you can gamble on because you have "superior information" like the equity markets, etc.

Cards, slots are for dumbasses.

I've been able to build models to predict O/U for prop bets in the Superbowl, basically I know what that # should be before the line is released. Example, Joe Burrow a few years ago passing. You get in early before the lines adjust where there is value.

You have to be systematic and have a rigorous process, otherwise you are throwing your money away.

I'm reading Billy Walters book now. A lot of what he says is how I approach it and this was before even opening the book.
This is a fair point, tbh.

With casino games, you are competing against the rules of each game, and they are set so that you are statistically guaranteed to lose.

With stock trading, you are competing against the gigantic financial institutions playing counterparty to your order, and the deck is so stacked against you that you're all but guaranteed to lose. The big boys have spent millions if not billions of man-hours scoping out every edge against you that they could find.

With sports betting, you are competing against Joe Public, and he's basically a fukktard. Draft Kings wants to balance both sides and take a vig, so you are essentially betting that you are right ~10% more often than the public is. It's tough to find a consistent 10% edge, but it's not literally impossible like in those other situations.
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post 1692589293 10-30-2023, 11:21 PM
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There's absolutely nothing wrong with it if you're in complete control of your money and whatever you gamble, you can afford to lose. So for me, betting $20 on a major game is nothing, whilst for Bill Gates, putting $10,000 on a game is also nothing and he wouldn't miss it at all if he lost all of it.

It's fine if you're doing to simply make a game more enjoyable.


If you do it as a form of income or out of desperation, you are stupid. You are up against people whose entire job it is to stack the odds against you. Their 9-5 is research, analytics, models, algorithms etc. to keep the profits coming in for the betting company, and NOT you.

To beat them and turn this into a long-term source of income you need to be better at the game than them. You'd better be an autistic savant. If you're making winning bets without any number crunching, models or simulations you're on a lucky run and the law of averages will straighten your ass out over time.


All in all, if you had that kind of knowledge to make reliably predictable bets you'd be way better of investing that money in the stock market. Why do wealthy people invest in stocks rather than sports betting?
Back off, Warchild.

Seriously.
post 1692589393 10-30-2023, 11:24 PM
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Originally Posted By ShakeBrah⏩
because idiots like this think they'll be the one to win even though the odds are inherently stacked against you.
I'm up 30K YTD. lol keep up the cope.

Sports Betting and Poker are the two "gambling" forms where you can actually have an edge.
post 1692590253 10-31-2023, 12:19 AM
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Originally Posted By Rebal012⏩
Why do all my friends constantly gamble on Draftkings and FandDuel?

It makes no sense. No one I know is up money. One kid I know is down 10K lifetime. Just an absolute idiotic way to lose money.
Car Salesman was down 6 figures

His hot, sexy wife is a heifer

His purebread pit bull is actually an American staffie
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post 1692590633 10-31-2023, 12:51 AM
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They're just retarded and in denial

They tell themselves that they're winning (they're not)

They tell themselves that they know the game (they don't)
post 1692590933 10-31-2023, 01:24 AM
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It's the same as buying crypto, stocks, options, lottery tickets, NFT's, whatever.

Appeals to our ape brains. Nothing feels better that cashing a W.
post 1692590983 10-31-2023, 01:27 AM
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Originally Posted By Bodhy⏩
There's absolutely nothing wrong with it if you're in complete control of your money and whatever you gamble, you can afford to lose. So for me, betting $20 on a major game is nothing, whilst for Bill Gates, putting $10,000 on a game is also nothing and he wouldn't miss it at all if he lost all of it.

It's fine if you're doing to simply make a game more enjoyable.


If you do it as a form of income or out of desperation, you are stupid. You are up against people whose entire job it is to stack the odds against you. Their 9-5 is research, analytics, models, algorithms etc. to keep the profits coming in for the betting company, and NOT you.

To beat them and turn this into a long-term source of income you need to be better at the game than them. You'd better be an autistic savant. If you're making winning bets without any number crunching, models or simulations you're on a lucky run and the law of averages will straighten your ass out over time.


All in all, if you had that kind of knowledge to make reliably predictable bets you'd be way better of investing that money in the stock market. Why do wealthy people invest in stocks rather than sports betting?
Aristocrat has slots all over the world. How big is gambling in Australia since you have one of the most popular company that makes slot machines?
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post 1692591093 10-31-2023, 01:35 AM
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betting on sports is very profitable as long as you aren't an idiot. you must use unit betting and profitability calculations though. the reason it's such a lucrative industry is so many drunk casuals do it. if you take a analytic approach it's fairly easy to win long term
post 1692597513 10-31-2023, 07:42 AM
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bump
post 1692597713 10-31-2023, 07:45 AM
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My lifetime balance on FANDUEL is net positive, and I've cashed profitable for the last 5 weekends of wagering in a row.

Gambling is the most fun and cheapest (even profitable) form of entertainment if you aren't a chronic loser at it.

EDIT: just checked, lifetime ROI is 52%. COMPLETELY unsustainable, obviously I'm on a heater. But still.

The annoying part is that you have to pay tax on this chit in the USA.

brooooootal.
post 1692598083 10-31-2023, 07:55 AM
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Slightly better than buying lottery ticket.
post 1692600633 10-31-2023, 08:49 AM
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Originally Posted By Bodhy⏩
There's absolutely nothing wrong with it if you're in complete control of your money and whatever you gamble, you can afford to lose. So for me, betting $20 on a major game is nothing, whilst for Bill Gates, putting $10,000 on a game is also nothing and he wouldn't miss it at all if he lost all of it.

It's fine if you're doing to simply make a game more enjoyable.


If you do it as a form of income or out of desperation, you are stupid. You are up against people whose entire job it is to stack the odds against you. Their 9-5 is research, analytics, models, algorithms etc. to keep the profits coming in for the betting company, and NOT you.

To beat them and turn this into a long-term source of income you need to be better at the game than them. You'd better be an autistic savant. If you're making winning bets without any number crunching, models or simulations you're on a lucky run and the law of averages will straighten your ass out over time.


All in all, if you had that kind of knowledge to make reliably predictable bets you'd be way better of investing that money in the stock market. Why do wealthy people invest in stocks rather than sports betting?
The sports betting companies aren't researching and betting on the outcomes of games. Their goal is avoid exposure to the outcomes of games, by finding a line that gets equal money on both sides of the bet. Then they take a percentage of the action.
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