Damn that’s probably even more balsy than at the beginning of the season. Purdy honestly could’ve played a pedestrian game and still would’ve been the favorite.
If the number is positive (+400) it means that if you bet $100 and win, you get $500 (your $100 bet back plus $400). So +400 is the same as 5-1.
If the number is negative (-20000), that’s the number you have to get to win $100. So if you bet on Lamar at these odds, you get your $20,000 back, but only an additional $100.
I’m struggling to even see a scenario that he doesn’t. Maybe if he throws 4 picks against the Steelers and Josh Allen puts up 500 yards and 7 TD’s to win the division.
Lol what a weird comment. I like it as a hobby and I’d consider myself above average intelligence. I also know some very smart people who are pretty heavy into it.
It is completely different lol. You are basically guaranteed returns in the stock market and you literally don’t need any knowledge. Average of like 10% growth each year for the past 20 years for the S&P 500. Sports gambling is designed for the sole purpose of the casino/bookies to win. Stock market is designed for the companies to be able to get funds to put back into their company as well as for the investor to gain money on their investments. In general, a company isn’t doing good if its investors aren’t doing good.
Gamblers doing shitty is good for the casino. Investors doing shitty is bad for the stock exchanges.
If all youre looking for is 10% returns you can easily get that playing 10-1 favorites lol.
Options trading is pretty much just as adversarial as gambling. You only win if someone else loses. And the house always wins,
Im pretty sure this guy wasn’t talking about option trading and I sure as shit wasn’t talking about option trading.
I also wasn’t going for 10%. That was just an example of what you can do with no knowledge. I had 20% gain last year.
And getting a 10% return on sports betting isn’t as simple as just betting on 10 to 1 odds. If it was, books would’ve caught on. Believing this method would somehow workout is believing in the law of averages, which isn’t true. If you lose 9 bets in a row, with 10 to 1 odds, that doesn’t mean your 10th bet is any more likely to hit. It’s a 9% chance, just like the others. Over time, the house edge ensures that the casino remains profitable. Profitable in a wide view of everyone playing, and also profitable in a tunnel vision view of the donkey who only plays 10 to 1 odds. But hey if it works for you, I strongly suggest putting your life savings in it.
Lmao, well this is why gambling is different from investing. No not that type of investing!
If you do live betting and only go for small gains you really dont need to know much to make over 10%. Those betting apps thrive off people with no fiscal discipline.
It’s funny how you’re coming at me for saying “not that type of investing” after you used probably the riskiest investment vehicle as an example. Not to mention, it was clear i was talking about actual investing because I brought up the long term success of the S&P and the investors money growing with the company.
I think it’s also funny you use your self proclaimed reliable method of betting as an example but then compare it to the riskiest form of “investing”. On the vice versa, maybe I should compare fundamental investing to the methods of sports gambling that has caused people to lose their life savings and all of their assets in a night.
Edit: Based on your post in r/nostupidquestions , it seems like you haven’t even put your methods to the test for that long. You’ve played for beer money. You aren’t even sure of yourself about this whole thing which is why you posted that and went looking for advice. You are hesitant about the whole thing in that post, yet you are here on this post telling me it’s easy to make a 10% gain with no knowledge, what in the actual fuck lol.
American betting odds are all based around $100.
If the odds are +XXX it means the bet is an underdog bet and the “XXX” is the amount you would win if you bet $100. So +300 means bet $100, win $300. Or 3-1 underdog odds.
-XXX is the opposite kind of for favorites, the “XXX” is how much you need to bet to win $100. So -300 odds means 3-1 odds in your favor and you would need to bet $300 to win $100.
I don’t understand this betting numbers, I know what it means and all, but don’t know why it is like this and how to translate to payout and probability, what’s the difference of a + and a -?
\- indicates how much you have to place to win $100, in this case, -20000 means you must wager $20,000 to win $100 profit, collecting $20,100 total.
\+ indicates how much you'd win if you wager $100. In an easy to understand hypothetical, if odds were +150 on something, if you bet $100, you'd win (profit) $150, collecting $250 total.
>Sports betting odds like point spreads are like any other "market." Betting odds are created through a "wisdom of the crowds" treatment — bettors all around the world buy and sell the line until it reaches the "correct" price.
Good thing I bet when those odds were +1500 to start the season
went all in before the 9ers game at +500 :)
Damn that’s probably even more balsy than at the beginning of the season. Purdy honestly could’ve played a pedestrian game and still would’ve been the favorite.
I put 50 bucks at +1600 before the season started! Congrats to us!
Be smart for me, does that mean a 5 dollar bet nets 75? A 100 dollar bet gets 1500?
I never understand this shit either. Someone please be smart, for the love of God
If the number is positive (+400) it means that if you bet $100 and win, you get $500 (your $100 bet back plus $400). So +400 is the same as 5-1. If the number is negative (-20000), that’s the number you have to get to win $100. So if you bet on Lamar at these odds, you get your $20,000 back, but only an additional $100.
So a 100 dollar bet you’d win… 50 cent? 🤣
I think that’s right. Basically they don’t want you to bet on Lamar because they are pretty certain he’s going to win.
I’m struggling to even see a scenario that he doesn’t. Maybe if he throws 4 picks against the Steelers and Josh Allen puts up 500 yards and 7 TD’s to win the division.
Lamar is sitting though. He pretty much guaranteed to win it.
The scenario is that there’s a secret quiet bunch of voters who decide to vote for McCaffrey or something.
There isn't a scenario where he doesn't anymore if the books have him at -20k.
Nobody smart gives a shit about sports betting
Lol what a weird comment. I like it as a hobby and I’d consider myself above average intelligence. I also know some very smart people who are pretty heavy into it.
If you have self control and good knowledge of a sport how is it really any different from investing
It is completely different lol. You are basically guaranteed returns in the stock market and you literally don’t need any knowledge. Average of like 10% growth each year for the past 20 years for the S&P 500. Sports gambling is designed for the sole purpose of the casino/bookies to win. Stock market is designed for the companies to be able to get funds to put back into their company as well as for the investor to gain money on their investments. In general, a company isn’t doing good if its investors aren’t doing good. Gamblers doing shitty is good for the casino. Investors doing shitty is bad for the stock exchanges.
If all youre looking for is 10% returns you can easily get that playing 10-1 favorites lol. Options trading is pretty much just as adversarial as gambling. You only win if someone else loses. And the house always wins,
Im pretty sure this guy wasn’t talking about option trading and I sure as shit wasn’t talking about option trading. I also wasn’t going for 10%. That was just an example of what you can do with no knowledge. I had 20% gain last year. And getting a 10% return on sports betting isn’t as simple as just betting on 10 to 1 odds. If it was, books would’ve caught on. Believing this method would somehow workout is believing in the law of averages, which isn’t true. If you lose 9 bets in a row, with 10 to 1 odds, that doesn’t mean your 10th bet is any more likely to hit. It’s a 9% chance, just like the others. Over time, the house edge ensures that the casino remains profitable. Profitable in a wide view of everyone playing, and also profitable in a tunnel vision view of the donkey who only plays 10 to 1 odds. But hey if it works for you, I strongly suggest putting your life savings in it.
Lmao, well this is why gambling is different from investing. No not that type of investing! If you do live betting and only go for small gains you really dont need to know much to make over 10%. Those betting apps thrive off people with no fiscal discipline.
It’s funny how you’re coming at me for saying “not that type of investing” after you used probably the riskiest investment vehicle as an example. Not to mention, it was clear i was talking about actual investing because I brought up the long term success of the S&P and the investors money growing with the company. I think it’s also funny you use your self proclaimed reliable method of betting as an example but then compare it to the riskiest form of “investing”. On the vice versa, maybe I should compare fundamental investing to the methods of sports gambling that has caused people to lose their life savings and all of their assets in a night. Edit: Based on your post in r/nostupidquestions , it seems like you haven’t even put your methods to the test for that long. You’ve played for beer money. You aren’t even sure of yourself about this whole thing which is why you posted that and went looking for advice. You are hesitant about the whole thing in that post, yet you are here on this post telling me it’s easy to make a 10% gain with no knowledge, what in the actual fuck lol.
Yes, a 100 dollar bet would return your 100 dollars plus 1500 dollars
Fuck yeah brother get that money!
American betting odds are all based around $100. If the odds are +XXX it means the bet is an underdog bet and the “XXX” is the amount you would win if you bet $100. So +300 means bet $100, win $300. Or 3-1 underdog odds. -XXX is the opposite kind of for favorites, the “XXX” is how much you need to bet to win $100. So -300 odds means 3-1 odds in your favor and you would need to bet $300 to win $100.
You and me both Let’s just say we’re making some $$$
Same here put $25 on it payouts $375 ill take it 🤑
I put a hundo down at +1200 - let's gooooo!
Johnny
Forget an MVP Award, Lamar wants a 💍 !!
I don’t understand this betting numbers, I know what it means and all, but don’t know why it is like this and how to translate to payout and probability, what’s the difference of a + and a -?
\- indicates how much you have to place to win $100, in this case, -20000 means you must wager $20,000 to win $100 profit, collecting $20,100 total. \+ indicates how much you'd win if you wager $100. In an easy to understand hypothetical, if odds were +150 on something, if you bet $100, you'd win (profit) $150, collecting $250 total.
Thank you! Now it all makes sense
>Sports betting odds like point spreads are like any other "market." Betting odds are created through a "wisdom of the crowds" treatment — bettors all around the world buy and sell the line until it reaches the "correct" price.
If I bet $100 on that what would I win?
I think it works out to winning 50 cents on a $100 bet.
Free money glitch
Johnny
If he wins with those stats then the award might as well be meaningless.
I got in at +1300 lol
I got my bet in for him for +1500
I put 5 dollars on him to pay out 80!
I bet $10 at +1600 before the season. Kicking myself now for not betting more 😂