2 ms·
Is it possible to be a profitable bettor long term? By long term I mean thousands of bets? For example, guy like Picks office on Twitter is profitable, but I d
by chistev 1y ago
Is it possible to be a profitable bettor long term? By long term I mean thousands of bets?
For example, guy like Picks office on Twitter is profitable, but I don't know if that's a large enough sample size.
- kelnos 1y agoI would expect so. Some types of sports betting, like parlays, are mostly (entirely?) games of chance, so you avoid those. But the published odds of a team winning a match are subject to the research done and models made by the person setting the odds. If you have a better model, or somehow have access to better information, you could certainly end up with a profit in the long term.
- Rastonbury 1y agoThere was some academic work that says if you and the bookie have similarly accurate models with random noise, the bettor will come out ahead because the bookie has to make the market and accept all bets, whilst the bettor can chose when to play and only bets when they believe they have an advantage.