4 ms·

I don't think he has. You've equated regular gambling with losing. Casino games, against the house, and computerised "slots" are gambling games which can't be

I don't think he has. You've equated regular gambling with losing. Casino games, against the house, and computerised "slots" are gambling games which can't be beaten long term. Sports gambling is very different, and can be beaten. There are many, many sports bettors and traders who make steady, serious income from their bets. This is true especially when using betting exchanges, where one is betting against other people, rather than a single bookmaker. Individual bookmakers are notorious for closing winning punters' accounts. On the betting exchange, the house just take their commission from all your winnings. The successful trader factors into their strategies the platform commission. The key for successful sports betting is the concept of value. The bettor needs to find prices which are incorrect, and over what they believe the true odds should be. If the strategy is correct, continually placing value bets will lead to long term profit. http://formbet.co.uk/value-betting-101/ http://formbet.co.uk/value-betting-101/ http://formbet.co.uk/saturday-review-6k-banked/ http://formbet.co.uk/saturday-review-6k-banked/

n0us 11y ago
I think you are drawing a distinction between games where the odds are constant and built into the game, (eg roulette), and games where there is a degree of skill involved but still an element of chance, eg. sports betting where a person with extraordinary insight or privileged information will win more often in the long run than a person who just bets on their favorite team every Sunday. Arguably stock trading and poker fall into this same category. For some people though this is just plain betting. They don't have a strategy or an angle, they just believe they might get lucky and for these people this form of behavior equates games with skill to rote gambling.

n0us 11y ago

I think you are drawing a distinction between games where the odds are constant and built into the game, (eg roulette), and games where there is a degree of skill involved but still an element of chance, eg. sports betting where a person with extraordinary insight or privileged information will win more often in the long run than a person who just bets on their favorite team every Sunday. Arguably stock trading and poker fall into this same category. For some people though this is just plain betting. They don't have a strategy or an angle, they just believe they might get lucky and for these people this form of behavior equates games with skill to rote gambling.