This seems to be a Stu Unger type degenerate gambler recipe for disaster.
I'm fully in this to make money and not to satisfy any degenerate craving for action.
If you're really good at playing poker, where the skill is in your court, why would you want to spend 5 hours a day on sports betting?
-Skill matters in sports betting too-Unlike poker, I can increase the stakes in sports betting without having to face any tougher competition. -Its a constant struggle for poker pros to keep things fresh and exciting. This lets me do that.-Poker may not always be there, especially online. Branching out and increasing my options is a good thing imo.-After a while it won't take nearly 5 hours per day to do this, so if we're(me and a team of two other guys) successful then we can make huge profits without much work
I know some of the poker players are also fiends at the sports book, but how many are successful?
If I had to estimate I'd say that its far less than poker. I'd say poker is probably 90% losers/10% winners while sports betting is closer to 98%/2% or so.
Wouldn't you be better off just playing poker?
I don't think so for the reasons listed above.
Seems that the sports betting could put you on tilt at the poker table.
Definitely. Sweating sports can suck so much at times. So many brutal losses. Some pros that I know refuse to watch games they bet on. With that said, poker can be brutal at times too and I've gotten used to that.
No worries, always appriciate advice. With that said, I probably wasn't clear on how serious I take it and how good our team is. I fully expect to be successful here.
Ride it out and enjoy it Assani. Just don't burn yourself out and become a junkie, gambling or otherwise. When the party's over go get yourself a degree and a job.
Don't think I'll become a junkie only because I have a fairly non-addictive personality and am insanely competitive(meaning if I'm constantly losing in something then I'd stop playing it because I'd hate losing so much).Funny story about the whole degree thing.....I had finished my degree except for 6 credits of foreign language, which I thought I could take the test(CLEP I believe) and get out of because I already knew it pretty well from HS. Failed that test miserably and had to take two more 3 credit courses of it, so I went to the local community college because it was much cheaper. Took the classes there and passed. But I think I was supposed to tell my old school about it in order to get full credit for them and to get my degree. But I was busy playing poker and being the stupid kid that I am, and I never got around to it. I worked one "real job" and said that I had graduated from college on my application....not sure if they looked it up or not. After that, obviously havn't needed it for anything. So despite paying for and completing all of college, I'm not even sure if I have officially graduated.I'm sure I'd have no trouble getting staked by a ton of people if I ever needed it, but lets assume worst case scenario of me losing all my money and losing the staking money...then I'd probably get a job in the casino of some sort. I know the poker room staff very well at the Wynn, and dealers actually do make decent money so maybe something like that.
,S? Seems like it's easier to beat ADD college kids out of money that professional linemakers. How have you been doing so far? What factors do you look at? Totals or sides?
Basic overview of what we're doing:Team of 3 people who specialize in NBA Totals. We also bet some NBA point spreads too.I've found that among the pro sports betting community, most people specialize in very niche areas such as taking one small DI college basketball conference and crushing those lines all season long. And what they do is share information/picks with other people who are sharp in other areas. Living in Vegas, I know a few people who do this for a living and they give me the benefit of the doubt since they know I'm a pretty astute poker player, and once they saw that we were beating the closing lines(will explain below) on a fairly regular basis, they let us in. So even if our system fails miserably, at the very least I can follow the picks of some other sharp people.Regarding beating closing lines(feel free to skip this paragraph if you already know)- The easiest way to tell if you're winning before you get a huge sample size(you need about 2000 bets in order to be 99% sure that you're a winner) is to see if you're beating closing lines on a consistent basis. If the line for Wednesday night's games opens at 195 on Tuesday evening at 9PM and I jump on the over, and by tipoff the line is at 198 then you can be pretty damn sure that you made a solid bet. Tracking all of this is extremely important, as you can't be overly results oriented with a small sample size because the variance when you're pushing small edges(55/45 edge when you're laying -110 juice is miniscule) can be crazy.As for our method, we take the play by play data from nba.com and input it into a system. We have done this for every game last year and every game this year. This gives me a great idea of the pace of every team. Lets take the Washington Wizards this year so far for example since they're my favorite team:On offense they've had a total of 965 possessions and on average its taken them 11.96 seconds before shooting the ball. But I can go one step further and tell you that they've had 212 possessions (21.97% of their total possessions) after a defensive rebound and its taken them 11.21 seconds on average to get a shot there. Or they've had 72 possessions(7.46% of their total possessions) after forcing a turnover and its taken them 6.42 seconds on average to get a shot after that.The 6 major possession types are dead ball, made FG/FT, defensive rebound, offensive rebound, turnover(where ball is still in play, not out of bounds), and after winning jump ball. I also have league average data, so I can compare each team to each other and the league average. Moreover, I can see how many of each type of possession each team has compared to their total possessions.I also have this data for each team defensively, although its important to note that the offense is much more vital to the pace when they have the ball than the defense. The exception being that some teams are much better at not turning the ball over, giving up offensive rebounds, etc. so we can antipate their opponents having less of those types of possessions against them.Obviously for some teams like the NY Knicks, last year's data is practically useless(due to Diantoni radically changing their pace). With those sort of teams we must rely upon the very small sample size we have so far this year, and we are therefore less likely to bet on them until we gather more data unless we believe the line is way off. With teams who havn't changed as much, we can rely upon last year's data a bit more.All of that is only pace. Obviously efficiency is also important. So for the Wizards I could tell you that they've averaged 78.13 points per 100 possessions overall, and I can also break it down into each possession type. I also have their defensive stats too.Moreover, something we just added was home and away splits for each team.All of this combined gives us a good idea on what the projected final score of each game will be. The efficiency numbers aren't nearly as accurate on a small sample size as the pace numbers are, so that is why we've been betting many more totals than point spreads early in the season. As the data gets more accurate and with a bigger sample size and less SOS variables, we expect our results to be even better.I would give out a few picks today, but I hate to be judged on such a small sample size, and I know people are prone to doing that(i.e. If I give you 5 picks and go 5-0 then everyone comes in here praising me tomorrow but if I go 0-5 then everyone tells me how I'm making a huge mistake to waste time like this....when in reality its just variance EITHER WAY).I will tell you that we thought the Indiana Pacers were by far the most undervalued team at the beginning of the year and we have bet on them in every game except against OKC because we thought the Pacers could be ahead by quite a bit and garbage time would come into play and we don't have great numbers on anticipating and dealing with garbage time just yet. So far we're 5-3 betting them, and we have them -2 at home against ATL tonight.One other thing we're looking into is coaches substitution patterns which may help us beat quarter lines, although those are often -115 which is extremely tough to beat(we all get -105 on the great majority of our bets). Other than that line shopping is the biggest key, which is why its important to have multiple online sportsbooks(and someone like me in Vegas if you can) in order to always get the best price. If you're consistently betting lines when you could get a better one at another book, then its very very hard to be a longterm winner.Feel free to ask any other questions about it. I'm certainly not sure that we'll be successful, but I feel pretty good about it.Also these past few days I've gotten back into poker. Playing a lot of $5/10 heads up PLO. Have no desire to grind 12+ tables these days anymore though.