BarryJones
Member
You can only beat a bookie out of the money you win.
He’ll win overall. He wouldn’t be taking illegal bets from trusted individuals if it wasn’t a very profitable business for him. Ninety-five % of the people who bet with him are going to lose a lot of money over the course of 20 to 30 bets.
The very few bettors who win consistently over the long term won’t be a concern to him. Many people have lucky streaks of 10 or 15 bets, but eventually they’ll give it all back and much more. If there weren’t a few clever bettors who win year over year, he wouldn’t be in business. He probably piggybacks off their bets.
If you were the best odds maker in the world, you’d win big overall, but you’ll still lose big on occasion. That’s just the nature of odds and betting. No matter how good a bet looks you can lose. A freak injury or lucky punch will upset your apple cart.
Betting big, when the odds are the juiciest, and being better at deducing true odds than the bookie and most other bettors is how you win. Another way is by betting very late to prevent others from piggybacking off your bets if you tend to win a lot.
He’ll win overall. He wouldn’t be taking illegal bets from trusted individuals if it wasn’t a very profitable business for him. Ninety-five % of the people who bet with him are going to lose a lot of money over the course of 20 to 30 bets.
The very few bettors who win consistently over the long term won’t be a concern to him. Many people have lucky streaks of 10 or 15 bets, but eventually they’ll give it all back and much more. If there weren’t a few clever bettors who win year over year, he wouldn’t be in business. He probably piggybacks off their bets.
If you were the best odds maker in the world, you’d win big overall, but you’ll still lose big on occasion. That’s just the nature of odds and betting. No matter how good a bet looks you can lose. A freak injury or lucky punch will upset your apple cart.
Betting big, when the odds are the juiciest, and being better at deducing true odds than the bookie and most other bettors is how you win. Another way is by betting very late to prevent others from piggybacking off your bets if you tend to win a lot.