Fu Manchu
The Insidious Doctor
- Since
- Jan 27, 2010
- Messages
- 12,507
- Score
- 12
- Tokens
- 0
Didn't see it, guess I should research my potential purchases better.
What sort of secrets were there? I could use some secrets right about now before I lose my whole roll.
11. Learn how to quit winners. It does you absolutely no good to have a big win if you just gamble it all back. Remember that gambling is streaky, and you can have short term winning streaks because of standard deviation. Go spend some of the money before betting all your winnings. Because if you keep playing, the house will always eventually catch up with you.
I knew I should have quit for the month on July 7th.
I feel I should warn you, durito, before you run with any of that advice, that it's possible that George didn't write all of those secrets. In fact, it's possible that he didn't write any of them. They could even be stolen, for all we know.
92. Don’t cheat. Ever. Cheating is far more serious to a casino than you can probably imagine. Not only do you risk bodily harm from unethical casino employees who are trained to handle cheaters, you risk actual problems with the law. Do you really want to go to jail for cheating at a casino game?
Example of The Money Line
Lets say that the Yankees are playing the Red Sox and the Yankees are the favorite. The money line may be listed as:
Yankees -140 Red Sox +120
In this example, if you wanted to bet on the Yankees who are the favorites you would be putting up $140 and if you win you would collect $240 giving you $100 profit. In other words, you risk $140 to make $100.
If you wanted to take the underdog Red Sox you would wage $100 and collect $220 if you won. This means that you risk $100 to make $120.
The Vig
The casinos/sportsbooks make their money on sports bets by collecting a commission on every bet made. This is called the Vigorish or Vig for short. The Vig is the difference between what is wagered and what is won. In baseball betting the sportsbook make their money when the favorite team loses. In the example above, if the Yankees lost the sportsbook would make $20. They are collecting $140 for the losing bet but only paying out $120 for the winning bet. The sportsbook will adjust the line if one team is heavily favored to make it more enticing to bet the under dog.
Georgie, I saw you on SBR trying to give your site away. I said hi. Don't be rude. Say hi back.
Wow. That is dynamite (and should be blown up immediately).
17. Bet more when you’re winning and less when you’re losing. Not because the odds have changed in some miraculous way, but because if you’re winning, you have a bigger bankroll, and you could experience some standard deviation.
Georgie, I saw you on SBR trying to give your site away. I said hi. Don't be rude. Say hi back.