The article breaks down the top 10 stories of 10 different gamblers who all won big. What do they all have in common? They all won by winning multiple huge parlays and most of them sell their picks on twitter.
Why does this matter? This is the exact reason why the betting community loses. They see these guys and every single bettor starts to only place +3000 parlays. These guys and this article are trying to showcase their stories but in reality, they are about to ruin the lives of so many people. You and me might be smart enough to not bet parlays, but the average guy who reads that article on one of the biggest websites is going to start only placing massive parlays to try and be like them.
This is a massive L for the betting community and a big W for Vegas. I am already seeing this type of thing take into effect, barely anyone only places straights anymore.
The article breaks down the top 10 stories of 10 different gamblers who all won big. What do they all have in common? They all won by winning multiple huge parlays and most of them sell their picks on twitter.
Why does this matter? This is the exact reason why the betting community loses. They see these guys and every single bettor starts to only place +3000 parlays. These guys and this article are trying to showcase their stories but in reality, they are about to ruin the lives of so many people. You and me might be smart enough to not bet parlays, but the average guy who reads that article on one of the biggest websites is going to start only placing massive parlays to try and be like them.
This is a massive L for the betting community and a big W for Vegas. I am already seeing this type of thing take into effect, barely anyone only places straights anymore.
I agree on the prevalence of longshot parlays, but I think it has more to do with gambler fallacies than seeing other people win them. The prevalence of betting kiosks and the internet let them sit there for 30 minutes fine-tuning a 10 teamer, buying points, etc for 3 bucks. You could never do this over the phone....And the shady internet betting sites of the 2000s cap payouts at 100K or another number...and they probably would find a reason not to pay anything.
Also, greed and impatience. No one is going to get rich straight betting in a hurry.
But I do agree books don't mind it when one of these parlays hits and publicize it for the reason you said...why do you think slot machines make so much noise when they hit?
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I agree on the prevalence of longshot parlays, but I think it has more to do with gambler fallacies than seeing other people win them. The prevalence of betting kiosks and the internet let them sit there for 30 minutes fine-tuning a 10 teamer, buying points, etc for 3 bucks. You could never do this over the phone....And the shady internet betting sites of the 2000s cap payouts at 100K or another number...and they probably would find a reason not to pay anything.
Also, greed and impatience. No one is going to get rich straight betting in a hurry.
But I do agree books don't mind it when one of these parlays hits and publicize it for the reason you said...why do you think slot machines make so much noise when they hit?
I agree on the prevalence of longshot parlays, but I think it has more to do with gambler fallacies than seeing other people win them. The prevalence of betting kiosks and the internet let them sit there for 30 minutes fine-tuning a 10 teamer, buying points, etc for 3 bucks. You could never do this over the phone....And the shady internet betting sites of the 2000s cap payouts at 100K or another number...and they probably would find a reason not to pay anything. Also, greed and impatience. No one is going to get rich straight betting in a hurry. But I do agree books don't mind it when one of these parlays hits and publicize it for the reason you said...why do you think slot machines make so much noise when they hit?
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
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Quote Originally Posted by thorpe:
I agree on the prevalence of longshot parlays, but I think it has more to do with gambler fallacies than seeing other people win them. The prevalence of betting kiosks and the internet let them sit there for 30 minutes fine-tuning a 10 teamer, buying points, etc for 3 bucks. You could never do this over the phone....And the shady internet betting sites of the 2000s cap payouts at 100K or another number...and they probably would find a reason not to pay anything. Also, greed and impatience. No one is going to get rich straight betting in a hurry. But I do agree books don't mind it when one of these parlays hits and publicize it for the reason you said...why do you think slot machines make so much noise when they hit?
I think it's just the get-rich-quick mentality is much more so pervasive these days. Combine that with new legalized gambling in so many states now. Honestly, a lot of people don't give a rip about turning $110 into $210 - that's boring to the millennials and gen z - you know, the ones who play a game, text with their friends, watch a movie and place bets, all at the same time. They want to risk a lot less to win a lot more, and do it a lot more often. So instead of waking up Sunday morning and capping some NFL games and putting in a couple straight bets, they'd rather throw the same amount of money at 40 different parlays that each pay out at +3000. It will take them forever to figure out they are getting far worse odds on parlays, if they figure it out at all.
There's a way to capitalize on this for the rest of us - buy stock in MGM and Caesars, who appear to be the best positioned companies to profit from this.
God is great, beer is good, and people are crazy.
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I think it's just the get-rich-quick mentality is much more so pervasive these days. Combine that with new legalized gambling in so many states now. Honestly, a lot of people don't give a rip about turning $110 into $210 - that's boring to the millennials and gen z - you know, the ones who play a game, text with their friends, watch a movie and place bets, all at the same time. They want to risk a lot less to win a lot more, and do it a lot more often. So instead of waking up Sunday morning and capping some NFL games and putting in a couple straight bets, they'd rather throw the same amount of money at 40 different parlays that each pay out at +3000. It will take them forever to figure out they are getting far worse odds on parlays, if they figure it out at all.
There's a way to capitalize on this for the rest of us - buy stock in MGM and Caesars, who appear to be the best positioned companies to profit from this.
A part of this is that in the United States, various states are legalizing only these forms of sports betting. I don't know which states at this point, but I remember reading that such carve-out laws were trying to make it more like lotteries, which states (as the books for lotteries) clean up at running.
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A part of this is that in the United States, various states are legalizing only these forms of sports betting. I don't know which states at this point, but I remember reading that such carve-out laws were trying to make it more like lotteries, which states (as the books for lotteries) clean up at running.
I think it's just the get-rich-quick mentality is much more so pervasive these days. Combine that with new legalized gambling in so many states now. Honestly, a lot of people don't give a rip about turning $110 into $210 - that's boring to the millennials and gen z - you know, the ones who play a game, text with their friends, watch a movie and place bets, all at the same time. They want to risk a lot less to win a lot more, and do it a lot more often. So instead of waking up Sunday morning and capping some NFL games and putting in a couple straight bets, they'd rather throw the same amount of money at 40 different parlays that each pay out at +3000. It will take them forever to figure out they are getting far worse odds on parlays, if they figure it out at all. There's a way to capitalize on this for the rest of us - buy stock in MGM and Caesars, who appear to be the best positioned companies to profit from this.
Ceasars is coming into NY this week ...They've been running commercials on ever channel on the box here for months ...
We're probably far better off investing in them than wagering on the shady National Football Sports Entertainment Business league
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
0
Quote Originally Posted by bluecompass:
I think it's just the get-rich-quick mentality is much more so pervasive these days. Combine that with new legalized gambling in so many states now. Honestly, a lot of people don't give a rip about turning $110 into $210 - that's boring to the millennials and gen z - you know, the ones who play a game, text with their friends, watch a movie and place bets, all at the same time. They want to risk a lot less to win a lot more, and do it a lot more often. So instead of waking up Sunday morning and capping some NFL games and putting in a couple straight bets, they'd rather throw the same amount of money at 40 different parlays that each pay out at +3000. It will take them forever to figure out they are getting far worse odds on parlays, if they figure it out at all. There's a way to capitalize on this for the rest of us - buy stock in MGM and Caesars, who appear to be the best positioned companies to profit from this.
Ceasars is coming into NY this week ...They've been running commercials on ever channel on the box here for months ...
We're probably far better off investing in them than wagering on the shady National Football Sports Entertainment Business league
I just personally get frustrated with people consistently doing dumb things and thinking that what they are doing is smart. Sports betting can be a real thing, like the stock market. Sports betting can turn into a field where people actually analyze and develop claims to place their money. Instead, these parlays "winners" being showcased put a bad wrap on sports betting.
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Agree with everything you all of have said.
I just personally get frustrated with people consistently doing dumb things and thinking that what they are doing is smart. Sports betting can be a real thing, like the stock market. Sports betting can turn into a field where people actually analyze and develop claims to place their money. Instead, these parlays "winners" being showcased put a bad wrap on sports betting.
I agree with all of you. I usually don't understand people who tend to think that money is easy to earn and invest millions in casinos thinking there are not so many risks. Why do that when you can simply try the safest online casino canada ? There are plenty of casinos that go for free. Usually, in casinos, the chances of winning are few, and plenty of loss chances. So why lose your money when you can go for the free versions and have the possibility to earn and not lose?
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I agree with all of you. I usually don't understand people who tend to think that money is easy to earn and invest millions in casinos thinking there are not so many risks. Why do that when you can simply try the safest online casino canada ? There are plenty of casinos that go for free. Usually, in casinos, the chances of winning are few, and plenty of loss chances. So why lose your money when you can go for the free versions and have the possibility to earn and not lose?
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