I'm not knocking what this kid did, "running promotions." What I want to do is put numbers in context.
When someone does this, assuming he did, for some reason the "making millions" becomes a remarkable story worthy of being publicized. Well, lots of people "make millions." There are literally thousands of illegal bookmakers in this country who "made millions," and many who currently "make millions." I know some.
Now for some reason, mickey respects the "APs" who flip the odds via promotions and arbitrage and so on, but he doesn't respect the bookmakers who, in reality, are using the same skills and concepts and math to do the same thing, namely make millions, while bookmaking.
Point one is that "making millions" is not that rare. Point Two is that what's rare is the skill set to out-handicap the oddsmakers and win sans the arbitrage and promotions and so on.
What mickey is missing is that anyone who relies on promos and so on to "make millions" is basically doing what bookmakers do, and there are tens of thousands of bookmakers in this country.
When I won the Race to the Super Bowl a few years back and had to use 25K in SB wagers, I shopped props day and night for two weeks because many had $300 limits. So the biggest holes and arbitrage opportunities and plain old "bad lines" had to be scouted, compared with a dozen other sites, and coordinated. It was a torture-fest, basically, and I would never wish that assignment on my worst enemy, yet it sounds as if that's what these guys were doing. All the time.
The thing is, and I'm not knocking these guys, that is not what I do. If that's what I was doing, I'd quit tomorrow. I'd rather work at Wendy's, assuming they'd have me. What these guys were doing is just an accounting grind. If I wanted to do that, I'd have been an accountant.
And mickey, as per usual, misses the gist of why these kinds of bettors get their accounts yanked. How can you not grasp this? Any "accounting-skill" is not something anyone else can piggyback, so of course you are always at risk of being shut down. That's what I've been preaching for decades. Do you not grasp reality? Have you not read Gambling Wizards?
Of course, they were shut down running all these accounts with the style of what they were doing. Now it's an unforeseen bitch that legal bookmakers would screw them like this, but welcome to the jungle. And really, 20 years ago most sites had banned multi-accounting. It doesn't take a genius program to figure out what accounts are linked. And if you are coordinating multiple accounts, you are breaking terms of service, and then, when you get shut down, you are at risk of being screwed. None of this is new or a surprise.
Reply With Quote