9) If you think that online casios (poker) give you fair odds just like a real casino. Stop it... just stop it fools. You are purley moronic if you still think you can win online poker over time. Most rigged of any of the more popular outlets for gambling. Try 3-card monte, you will have better results.
ive seen enough stories where inside people know your hole cards...and thats only the ones that were greedy enough to make it obvious.. in the long run you will run into someone who is cheating
0
Quote Originally Posted by kingme:
9) If you think that online casios (poker) give you fair odds just like a real casino. Stop it... just stop it fools. You are purley moronic if you still think you can win online poker over time. Most rigged of any of the more popular outlets for gambling. Try 3-card monte, you will have better results.
ive seen enough stories where inside people know your hole cards...and thats only the ones that were greedy enough to make it obvious.. in the long run you will run into someone who is cheating
# 1 and # 2 could not be more wrong. Anyone and I mean anyone that consistently lays -110 juice will never be a serious gambler. Why lay -110 juice when you can play at matchbook and lay -104 AT THE MOST juice on a daily basis .Not only do I lay -104 or less I usually take the spread the is a half point less and get plus money on it .I do this over 50% of the time. Do you realize I can go 50% doing this and make money? Anyone that lays -110 and doesnt know better should learn .Anyone that knows you dont have to bet -110 and does shouldnt be gambling
#2 is also wrong .You just need to know what info to process and which info to ignore. I can't tell you how many times I have read something on covers and other boards that is something I totally hadnt thought of which has helped me out. You just have to figure out who the dopes are and arent on sports forums
So you agree that -110 is not serious... that is the point here...
Covers might help you in your betting and that is fine,
BTW... so you consider yourself a serious gambler?
0
Quote Originally Posted by bowlwins:
# 1 and # 2 could not be more wrong. Anyone and I mean anyone that consistently lays -110 juice will never be a serious gambler. Why lay -110 juice when you can play at matchbook and lay -104 AT THE MOST juice on a daily basis .Not only do I lay -104 or less I usually take the spread the is a half point less and get plus money on it .I do this over 50% of the time. Do you realize I can go 50% doing this and make money? Anyone that lays -110 and doesnt know better should learn .Anyone that knows you dont have to bet -110 and does shouldnt be gambling
#2 is also wrong .You just need to know what info to process and which info to ignore. I can't tell you how many times I have read something on covers and other boards that is something I totally hadnt thought of which has helped me out. You just have to figure out who the dopes are and arent on sports forums
So you agree that -110 is not serious... that is the point here...
Covers might help you in your betting and that is fine,
BTW... so you consider yourself a serious gambler?
i'll put this into the simplest trms possible for you. You can win at sports betting if you have a clearly defined edge. Kust because you cannot win doesn't mean others cannot
and please explain the 10% house advantage to me in sports betting
I actually agree with you about the possibility of winning with sports gambling and historically in the last 10 years I have won more then lost (thats is why I continue to do this)... Please do not make the assumption that I have not won money on sports gambling... I see this as better betting then other types of gambling like video poker as you have seen on this thread...
But I am low stakes player with my max bet being a dime and my work and life always comes first before gambling, so I do not consider my self a serious gambler, but a recreational one...
-110 means that you pay 10% more on a loss then paid out on a win... if you want to really break it down I believe that the house edge is 11/10 so 9.09% is another way to think about it...
0
Quote Originally Posted by SecondAgain:
i'll put this into the simplest trms possible for you. You can win at sports betting if you have a clearly defined edge. Kust because you cannot win doesn't mean others cannot
and please explain the 10% house advantage to me in sports betting
I actually agree with you about the possibility of winning with sports gambling and historically in the last 10 years I have won more then lost (thats is why I continue to do this)... Please do not make the assumption that I have not won money on sports gambling... I see this as better betting then other types of gambling like video poker as you have seen on this thread...
But I am low stakes player with my max bet being a dime and my work and life always comes first before gambling, so I do not consider my self a serious gambler, but a recreational one...
-110 means that you pay 10% more on a loss then paid out on a win... if you want to really break it down I believe that the house edge is 11/10 so 9.09% is another way to think about it...
Hoopsstar, The problem is that you assume that because I am against white-trash wellfare parasites and the liberals who support them that some how I must be ignorant and uneducated... But if those lazy trailor trash would just get a job instead of waiting for their disability claim to come through for the government to pay off their debt and bail them out, perhaps social security would not even be an issue in this country...
Get an education, get a job, work, make money... Why is it that it is so hard for the white trash under belly of society to understand this... look at the numbers, most of the social security/wellfare dollars that goes to the ignorant white trash that are bringing this country down... Irony is that you call me racist but these trailor trash low lifes are the most racist people out there...
It is time to cut the fat... literally... as these turkey pot pie/Mcdonalds eating parasites are also the morbidly obese population of this country and now with Obama and universal health care, I will have to pay for their medical bills for their not only their false claims to get their pain medication, but their real problems with their being morbidly obese such as diabetes, sleep apnea, high blood preassue, COPD, and lung cancer from the cigarettes...
So it does not matter if McCain or Obama won, we all lose because of the real problem of these people in our country... Its not racist, it is simply and observation of reality while others talk politics...
Well then, am I clumped into the southern white trash category, because I live in the South, and collect unemployment?
I have 2 bachelor degrees, good experience, a 135 IQ, amongst other great qualities, yet I am unable to land a job that pays more than my unemployment...
Should hoops work for $8 per hour, or collect much more sitting here, and focusing on gambling, and making a shit load more money than he would make dressing up every day?
0
Quote Originally Posted by dl36:
Hoopsstar, The problem is that you assume that because I am against white-trash wellfare parasites and the liberals who support them that some how I must be ignorant and uneducated... But if those lazy trailor trash would just get a job instead of waiting for their disability claim to come through for the government to pay off their debt and bail them out, perhaps social security would not even be an issue in this country...
Get an education, get a job, work, make money... Why is it that it is so hard for the white trash under belly of society to understand this... look at the numbers, most of the social security/wellfare dollars that goes to the ignorant white trash that are bringing this country down... Irony is that you call me racist but these trailor trash low lifes are the most racist people out there...
It is time to cut the fat... literally... as these turkey pot pie/Mcdonalds eating parasites are also the morbidly obese population of this country and now with Obama and universal health care, I will have to pay for their medical bills for their not only their false claims to get their pain medication, but their real problems with their being morbidly obese such as diabetes, sleep apnea, high blood preassue, COPD, and lung cancer from the cigarettes...
So it does not matter if McCain or Obama won, we all lose because of the real problem of these people in our country... Its not racist, it is simply and observation of reality while others talk politics...
Well then, am I clumped into the southern white trash category, because I live in the South, and collect unemployment?
I have 2 bachelor degrees, good experience, a 135 IQ, amongst other great qualities, yet I am unable to land a job that pays more than my unemployment...
Should hoops work for $8 per hour, or collect much more sitting here, and focusing on gambling, and making a shit load more money than he would make dressing up every day?
6) You dont take advantage to being the HOUSE when you can. I take bets from friends, family, and co-workers. I don't go looking for it, but when someone brings it up I tell them I will take their bet. I almost always hold the bet myself, and just tell them that I laid it off. Then you have some leverage when it loses to collect. I'm certain my winning percentage for taking bets is better than my winning percentage for placing them. There is amazing power with the logic of novice gamblers.
0
Quote Originally Posted by kingme:
6) You dont take advantage to being the HOUSE when you can. I take bets from friends, family, and co-workers. I don't go looking for it, but when someone brings it up I tell them I will take their bet. I almost always hold the bet myself, and just tell them that I laid it off. Then you have some leverage when it loses to collect. I'm certain my winning percentage for taking bets is better than my winning percentage for placing them. There is amazing power with the logic of novice gamblers.
Think about it... I always laugh at people that mock teasers and parlays but then they put down 10% house advantage on their single bets as if some how in the gambling world they are playing smarter... They might be better off just betting Red or Black and spinning the wheel...
This just shows how little you know. -110 on single bets is a 2.38% house hold, not 10%. And no serious pro gambler pays -110, which is why you play offshore - you can bet in to very low spreads which equate to about -102 or so - which brings the house hold down to about .5%. If you cant beat a .5% house hold on handicapping sports you shouldnt be doing this.
Thanks for playing.
I could be wrong, but I think that the house edge on -110 bets is 4.54% and the house edge on -105 bets is 2.38%. If I make two $110 wagers, win one and then lose one, I would be at a net -$10. I made $220 worth of wagers and lost $10, so dividing 10 by 220 the result is 0.04545. I checked wizardofodds.com which is a fairly reliable website for house edge % on various casino games and it has the same results. The house edge on a -102 wager is 0.98%.
It's possible that we have a different definition of what "house edge" means. To me it means that with a house edge of 4.54% on -110 wagers a bettor needs to be successful on 52.27% of his wagers in order to be breaking even (assuming he is a flat bettor).
You've been the biggest advocate I've seen on various sports-betting message boards of the importance of offshore reduced-juice betting---I couldn't agree more. Even some fairly smart message board handicappers seem perfectly willing to pay -110 juice all of the time which I just don't understand. The difference of 5 cents of juice is actually very similar to playing on a single-deck blackjack table where you can double down on any two cards, double down after a split is allowed, dealer stands on a soft 17 and a blackjack pays 3/2------compared with playing blackjack on an 8-deck table, double down only on 10 or 11, no doubling after a split, dealer hits on a soft 17 and a blackjack pays 6/5. The difference of the house edge on these two different types of blackjack is immense, just like the difference of -110 to -105 wagering is immense.
You already knew that, but probably about 98% of the gambling public doesn't seem to care. A Vegas sportsbook right in the middle of the Strip could start offering -105 lines on all sporting events and I'm not sure it would receive much more business from the general public than the -110 sportsbooks next door to it---especially if the -110 sportsbooks offered free New Orleans-style bead necklaces with every wager.
0
Quote Originally Posted by vanzack:
1. WRONG.
2. WRONG.
3. WRONG.
6. WRONG.
Think about it... I always laugh at people that mock teasers and parlays but then they put down 10% house advantage on their single bets as if some how in the gambling world they are playing smarter... They might be better off just betting Red or Black and spinning the wheel...
This just shows how little you know. -110 on single bets is a 2.38% house hold, not 10%. And no serious pro gambler pays -110, which is why you play offshore - you can bet in to very low spreads which equate to about -102 or so - which brings the house hold down to about .5%. If you cant beat a .5% house hold on handicapping sports you shouldnt be doing this.
Thanks for playing.
I could be wrong, but I think that the house edge on -110 bets is 4.54% and the house edge on -105 bets is 2.38%. If I make two $110 wagers, win one and then lose one, I would be at a net -$10. I made $220 worth of wagers and lost $10, so dividing 10 by 220 the result is 0.04545. I checked wizardofodds.com which is a fairly reliable website for house edge % on various casino games and it has the same results. The house edge on a -102 wager is 0.98%.
It's possible that we have a different definition of what "house edge" means. To me it means that with a house edge of 4.54% on -110 wagers a bettor needs to be successful on 52.27% of his wagers in order to be breaking even (assuming he is a flat bettor).
You've been the biggest advocate I've seen on various sports-betting message boards of the importance of offshore reduced-juice betting---I couldn't agree more. Even some fairly smart message board handicappers seem perfectly willing to pay -110 juice all of the time which I just don't understand. The difference of 5 cents of juice is actually very similar to playing on a single-deck blackjack table where you can double down on any two cards, double down after a split is allowed, dealer stands on a soft 17 and a blackjack pays 3/2------compared with playing blackjack on an 8-deck table, double down only on 10 or 11, no doubling after a split, dealer hits on a soft 17 and a blackjack pays 6/5. The difference of the house edge on these two different types of blackjack is immense, just like the difference of -110 to -105 wagering is immense.
You already knew that, but probably about 98% of the gambling public doesn't seem to care. A Vegas sportsbook right in the middle of the Strip could start offering -105 lines on all sporting events and I'm not sure it would receive much more business from the general public than the -110 sportsbooks next door to it---especially if the -110 sportsbooks offered free New Orleans-style bead necklaces with every wager.
Think about it... I always laugh at people that mock teasers and parlays but then they put down 10% house advantage on their single bets as if some how in the gambling world they are playing smarter... They might be better off just betting Red or Black and spinning the wheel...
This just shows how little you know. -110 on single bets is a 2.38% house hold, not 10%. And no serious pro gambler pays -110, which is why you play offshore - you can bet in to very low spreads which equate to about -102 or so - which brings the house hold down to about .5%. If you cant beat a .5% house hold on handicapping sports you shouldnt be doing this.
Thanks for playing.
Thanks for commenting on this... I was hoping that my post would bring you out on the issue...you are actually one of the only people on covers.com who's opinion I really value...
I agree with you some what on #1, if you do it who am I to argue?... As another poster mentioned that with reduced juice and other opportunities, there is money to do be made in offshore...
#2 is debatable... It is you that have talked about how people use covers looking for the "play of the day"... My point on this is that a large percentage of posting is crap on this site and you really have to be on this a while before you learn how to use covers.com effectively...
#3 I think that the real serious gambler can gamble on credit... I know people that take out loans in vegas and if they lose they write off the losses for tax purposes like they would a business... I just would not advise it for covers.com members...
#6 I actually have seen the numbers on the -110 juice/vig, but other then you and fademe sucka, and cd329 who actually attempted to answer the question, no one could really speak to -110 not being 10%... Part of putting up #6 is to see if people other then you could address the issue and we saw alot people spout alot of stuff other then what -110 really means...
I think people are often quick to talk about odds and math, but when you ask them to figure out, these "135 IQ geniuses" will distract the issue to distract us from the fact that they don't get it...
Good thread
and I have more...
0
Quote Originally Posted by vanzack:
1. WRONG.
2. WRONG.
3. WRONG.
6. WRONG.
Think about it... I always laugh at people that mock teasers and parlays but then they put down 10% house advantage on their single bets as if some how in the gambling world they are playing smarter... They might be better off just betting Red or Black and spinning the wheel...
This just shows how little you know. -110 on single bets is a 2.38% house hold, not 10%. And no serious pro gambler pays -110, which is why you play offshore - you can bet in to very low spreads which equate to about -102 or so - which brings the house hold down to about .5%. If you cant beat a .5% house hold on handicapping sports you shouldnt be doing this.
Thanks for playing.
Thanks for commenting on this... I was hoping that my post would bring you out on the issue...you are actually one of the only people on covers.com who's opinion I really value...
I agree with you some what on #1, if you do it who am I to argue?... As another poster mentioned that with reduced juice and other opportunities, there is money to do be made in offshore...
#2 is debatable... It is you that have talked about how people use covers looking for the "play of the day"... My point on this is that a large percentage of posting is crap on this site and you really have to be on this a while before you learn how to use covers.com effectively...
#3 I think that the real serious gambler can gamble on credit... I know people that take out loans in vegas and if they lose they write off the losses for tax purposes like they would a business... I just would not advise it for covers.com members...
#6 I actually have seen the numbers on the -110 juice/vig, but other then you and fademe sucka, and cd329 who actually attempted to answer the question, no one could really speak to -110 not being 10%... Part of putting up #6 is to see if people other then you could address the issue and we saw alot people spout alot of stuff other then what -110 really means...
I think people are often quick to talk about odds and math, but when you ask them to figure out, these "135 IQ geniuses" will distract the issue to distract us from the fact that they don't get it...
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ive seen enough stories where inside people know your hole cards...and thats only the ones that were greedy enough to make it obvious.. in the long run you will run into someone who is cheating
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