How much have you lost betting sports ?

[redietz]

Monet, I'm well aware of people who laid 105 instead of 110 routinely on everything they bet when they bet it, but that was for 50K on up per game. I'm also aware of the occasional 5K in free play that could be used towards sports bets if one chose (M used to do that). I think when all is said and done, if you are completely diligent and organized, yeah, you could manage to make a profit winning 50 to 51% of your bets.

Where Ivey got in some trouble (and Mickelson) was hooking up with a certain high stakes sports bettor originally from my neck of the woods. That was a whole 'nother world.

You can make 2% -3% knowing absolutely nothing about sports using a simple formula tracking lines that are off/line shopping. Multiple online accounts+ time and dedication and you could make a living. If you were really motivated, dedicated and added more tools such as odds boosts, bonuses, rebates promos, etc, and had lots of friends and family accounts you could do quite well. No fancy handicapping or knowledge about any of the sports. Just some math that shows you either have a +EV bet or you dont.

The people I’m talking about do none of this.

I’m also not talking about multi accounting signup bonus’s or working the online bonus / freeplay system like we do in physical casinos. I’m talking about the majority who can beat certain casino games then blow it betting on sports. It’s Just something I have been noticing lately.

I just think most APs would have more success if they tripled down on what they are good at instead of trying to master multiple disciplines.

Exactimundo. My phrase is "stay in your lane." People become all full of themselves. They think a little genius and narrow expertise can be applied broadband. You can't master multiple disciplines unless you're Dracula or Jesus and you've got forever to learn.

A little intellectual arrogance is the quickest way to bury yourself.

I mean, really, I cannot imagine me thinking I could make a contribution to my earnings playing blackjack. LOL. I'd feel like a blithering idiot. And I could count cards 40 years ago.

I hang out with a lot of academics, and one thing they know is that it's all specialization. Say what you will about academics, but almost none of them think they are geniuses-of-all-trades.

Seed, I think the phrase "situational leadership" is helpful here. You have to recognize when you're nowhere as expert as the real experts.

Like the saying goes, "A little expertise is a dangerous thing."