The Truth Behind Sports Betting

I gave up work to bet on horses. This Youtube is an extremely one sided anti-gambling piece. Yes it is true a "typical (average bet of all the people betting) Moneyline gets a profit for the bookie of between 5 and 6%". However, with sports betting the fair odds are not known. They are not a fact, it is only an opinion. So if a knowledgeable gambler is good at evaluating form into chance better than the betting market he / she makes an overall profit. ie By betting only when the percentage chance of winning is greater than the odds available... Then yes, you "CAN REALLY MAKE MONEY BETTING ON SPORTS".

eg If I work out the chance of A beating B is (imo) 25% then the fair odds of a 25% chance is 3/1 (4.00). So adding a margin of error, if A is available @ 4/1 (5.0) it is a good bet because only a 20% strike rate is needed to make a profit on 4/1 (5.0) bets.
I believe in the USA there are betting taxes which also need to be taken into consideration when calculating what the fair odds are.

Yes you can but you need to find your market and make smart bets using parlays when it’s an edge and with this you need to have numerous outs as retail books will limit you once you win so you’ll have to goto offshore soon enough

I've made over 1500 betting on boxing over the last 5 years. They constantly misprice fights. I only bet 10-20. Yes you can make money sportsbetting but probably not on the major sports since they are so well researched that it's tough to find a mispriced line.

Can you make money gambling? Sure, but the odds are that you will lose money in the long run.

I think the fact that people are using money that they really need for betting says more about public education than anything. I'm not smart at all but even I've never touched betting once.

what is with american and dream of getting rich overnight? dumb americans

In theory you can, it’s very difficult and it’d be based on math, and historical averages… not your favorite team or “vibes”.

You can also make money playing poker, and even blackjack, but again, very hard and math based.

This is just a terrible take. I've put in 25 bucks this year, been up and down, but never had to put more money in. After last night, I don't need to put any money in ever again, and if Derrick Henry scores a TD, I got money to pay off some bills. Also, sure they have those error clauses, but the other beauty of doing betting on a smartphone is you can share that immediately, drum up a ton of negative response to a bet app not paying out, and they tend to reverse those decision. It's kind of like you say about the worry about the integrity of sports, who's going to bet on an app where you KNOW they won't cash out on a big win? You won't. That's why they have to pay out or they'll just be dumped in favor of the more honest bet apps. If none of them payout big, what would be the point in using it? That's the dream of using the apps. 18 leg 13858295+ odds parlays that grant* you thousands on a 1 dollar bet

People fail to make the (small) mental leap that the enormous profitability of gambling organisations is entirely financed by net player losses. And the odds are set explicitly so that players, as a group, WILL make a net loss.
Every time you see a $100k ad on television for sports gambling, that was financed by $100k in player losses.
It is POSSIBLE to make money betting on sports, it just requires either enormous expertise or enormous luck - and it's usually the latter

Online betting should be required to display the total money you've LOST whenever using it. People will quit sooner when they are constantly reminded of how much money they've given to the bookies.

I just did

Great vid. Bring the stash back 😭

The worst thing of all is that if you really win they will block your account as you end up not being profitable for them.

They won't share the profits made off gambling addicts even if you defy their own odds.. another loss for the working class

Sure, the state knows what is better for you.

No you will lose all your money

If you could know all the variables perhaps

You can make money from sports betting. It's called matched betting. It involves placing bets on both outcomes of a game

As a winning bettor I selfishly want it to expand and grow and for more books to be available for use. However, I see it’s such a massive problem for so many and sports books love preying on weak and addicted people. On the same hand, if you show you are making sharp bets that beat the market over time they limit you and prevent you from placing substantial bets or even anything over $10 — but provide incredible promos to degenerate gamblers to literally entice them to keep coming back.

Of course you can make money, but the odds are against you.

Never gave it a thought but after this video it kinda sounds fun lol

Anyone who doesn’t care about sports should not be making a video about this. 🤦‍♂️

Gambling in general is 430 credit score behavior. Put it into SPY or BTC and forget about it

It is just a marketing expense that on occasion actually makes me a little extra cheddar.

Been sports betting for 6 years have won over 200k but now I’m banned by the books Vegas hates winners

If u can bet u can bet it's rigged.

What a ridiculous video! Total piece of crap! You did not even attempt to answer the question you posted yourself. This was just an ad against sports betting and gambling.

As a small time bettor I make 2k-4k a month😂 just straight bets no parlays, no prop plays, no live betting. My bets are in MLB, college football, NFL, NBA which ever sports I have some knowledge of. All the information about the game can be seen online for free. Just find a local bookie. Select your bets and MANAGE YOUR BANKROLL! been doing it for 2 years now.

I won't lie I got addicted but ive been LUCKY not skilled, but LUCKY to be up a couple of hundred of dollars. It's a weird sensation.

The final line "You would have made more money investing in Draft Kings stock than betting on its platform" really drives home the message.