$$$—Sports Betting Thread—$$$
- Thread starter Fryowa
- Start date
Scott Van Pelt from ESPN said on a podcast once (referring to football, specifically): You are either a fantasy football guy, or you are a spread guy. Most people don't have an equal interest in both.
In high school and college, I was a fantasy football guy. I had more disposable time, it was fun to play GM, I had a bunch of buddies we could do that with.
Now I am a spread guy. I don't bet, but I am much more interested in "how good is this team vs. that team." Fantasy football counts stats whether they contribute to winning or not, and that just seems sillier to me the older and crankier I get. But I would still probably do fantasy if I had any friends (sadly sighs and gets back to work).
It definitely takes away from it. It's kind of like when mtv stopped playing music and started putting on stupid shows.
But it affects everything else as well.
We have a conference game this week and Rob's article about it was getting buried.
I hate to break the news to people but gambling is not an easy get rich fast thing. That's what the lottery pushes. Get rich fast? Lottery, inheritance/given to you or illegal. The first two? I don't see people beating down anyone's door to make them rich and the last isn't very appealing.
Everyone seems to be fishing for tips and especially now that we can do it legally in Iowa. Well for starters, if you want to make $ at it, Iowa's sports books are giving worse odds than Vegas. Secondly, just like I said you are going to have to commit time and work at it.
I don't give a shit what Fry says, he doesn't have the temperament to be as successful as others. The dude argues about everything. Always thinks he's right. Assumes and is easily excited.
Going back to what I said and it was argued about, then Mopkins proved with the story about his buddy making 14k in a year, that #1 the bets were spread out over the season. #2 it's easier to make 14,000 with more money. (50,000 stocks compared to 5000). Duh.
He is also wrong about the 50%. Literally every single business or person would go broke no matter what they are doing if they were at 50% of what they did.
In Mopkins friends story he had about a 5.8% return. However if the year before he avg a 14% return and the year after a 6% return, now his 3 year return is 8.6%, which is better but still low. Keep in mind that return was over a 3-4 month period.
So without knowing if 5.8% is his avg or high or low it's really hard to say how he is doing.
Quite frankly it's non of our business and we don't have enough information to speculate or even have an intelligent thought about someone else's business.
But the fact is #1 it's easier when you have a little bank. #2 unless you are going to put it all on one bet, you are going to spread it out anyway.
Your choice, do you walk in and bet it all on one hand of black jack, or do you play for awhile. If a successful night is $1000, is it easier if you go with $100 or $700?
But that is all common sense. But of course there is more to it than just this.
But back to the subject.
All this coverage on lines and betting isn't for people that already know. It's to entertain people who don't. Which is actually a disservice, because they should be learning more about the game. If they are not interested enough in the content of a subject then they shouldn't be betting on it anyway.
I don't know crap about basketball (that was my dad's gig) and I don't bet on it. I don't know the game. I may as well go buy lottery tickets.
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Fryowa
Administrator
Now this one is just plain stupid, even by your standards, lol. The “Iowa sports books” you’re imagining are getting their lines from Vegas—because they’re based in Vegas! There is absolutely no one in an Iowa casino making any sports odds, whatsoever. They literally take Vegas’ consensus odds and roll with it. Every casino in Iowa uses an out of state book, McFly (Elite, for example). And if you’re still under that delusion, can you show us where a particular casino in Iowa is offering meaningfully worse odds than Vegas consensus? You’re talking out of your ass and everyone here is aware of it because you’re making it so obvious. I mean, where do you come up with this shit? You’re like Walter Mitty or something.
Would you show us where anyone here said it was? People here are talking betting for entertainment and nothing anyone has posted would indicate otherwise
Again with this manure...
This is a total fallacy, Burton Malkiel (a Harvard economist) addresses the topic at length in his book, “A Random Walk Down Wall Street.” I know you “don’t give a shit” what someone smarter than you says or writes, but just keep in mind that that’s the rebuttal ignorant people use when they aren’t able to prove their point intelligently.
Same thing with your ridiculous “50,000/5,000” thought exercise.
okeefe4prez
Well-Known Member
Look, idiot, if you would rather have 5,000 shares of Berkshire class A stock instead of 50,000 shares of good old rock solid General Electric, then you are beyond redemption. Think about it, McFly, 50,000 is bigger than 5,000. If that GE stock goes up a measly single dollar, bam, you just made $50k. FOR NOTHING. But if that BRK.A share goes up a dollar, you only made $5k and you left $45k on the table. Did you eat lead paint chips as a kid or something?
Fry you assume that he is smarter than me.
Fry you brought up professional gamblers and your vast knowledge of how they do it.
Fry yesterday Vegas was giving Nebraska -3.5, today -4 and Iowa book is -4.5
Fry you still want to argue.
You just don't get it.
I don't give a crap what you think you know.
You are like arguing with a drunk person.
Fry you brought up professional gamblers and your vast knowledge of how they do it.
Fry yesterday Vegas was giving Nebraska -3.5, today -4 and Iowa book is -4.5
Fry you still want to argue.
You just don't get it.
I don't give a crap what you think you know.
You are like arguing with a drunk person.
Fryowa
Administrator
Read the whole thread, “idiot.” You make that mistake a lot.
The 50,000/5,000 thing had nothing to do with his last post.
You told us you got off the Vicodin and Coor’s.
okeefe4prez
Well-Known Member
Damn, this might be the biggest "whoosh" I've ever managed to get on HN. Thank you, xir.
mopkins
King Kong
WindsorHawk
Well-Known Member
Make a handful of Future bets every year. Like getting a team at 30-1 before going 3-0 and dropping to 8-1. Bet on coaches and avoid favorites. It’s inexpensive entertainment that lasts an entire season.
But I agree that being disciplined each week is the way to go if trying to get ahead. Avoid random bets and stick with 2 or 3 solid bets. Nothing wrong with the occasional 2 team parlay IMO.
But I agree that being disciplined each week is the way to go if trying to get ahead. Avoid random bets and stick with 2 or 3 solid bets. Nothing wrong with the occasional 2 team parlay IMO.
Yup.^^^^
I also will put a little on futures if I think the line is where I can live with it. I'm still just absolutely floored Iowa was 2-1 to win the west. At 4-1 (given there are basically 4 favored teams) I would have taken it. Maybe even a little at , 3-1. But 2-1??
I think they can win it, but the juice just isn't worth the squeeze to put $ on it.
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Fryowa
Administrator
I put up a thread here where everybody can post their Week 2 bets if you wanna toss it up there.
https://www.hawkeyenation.com/forum/threads/official-week-2-bets-only-thread.87597/
Interesting to see what everyone is putting money on.
WindsorHawk
Well-Known Member
Made a ML bet on army 20 minutes before KO...10-1. Half way home.
JoeyLabasForPresident
Well-Known Member
fwiw I like that bet.
Fryowa
Administrator
Dammit dudeIowa letting me down.
Well not Iowa but Rutgers punter.
mopkins
King Kong
Ya I still won money...bet each one individually...but missed the gusto
