quote:
using that fraudulent account, to place thousands of different bets including some on LSU football. The wagers and payouts involved “several hundred thousand dollars,”

Sounds like he was acting as a bookie through one of the gambling platforms. Doesn't necessarily mean that HE was specifically making thousands of bets more so he was betting for other minors

Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)

I highly doubt he was wagering hundreds of thousands of dollars.

This post was edited on 1/25/24 at 12:40 pm

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Posted by Forever

Member since Dec 2019

5788 posts

Posted on 1/25/24 at 12:51 pm to 225Tyga

quote:
Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)

I highly doubt he was wagering hundreds of thousands of dollars.

Wtf?

learn some basic stats.

The average bettor loses money and their payout per dollar spent is <1:1. The odds of him only putting down $10,000 and hitting multiple huge parlays to accumulate hundreds of thousands of dollars in his account is astronomically low.

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Posted by SG_Geaux

Beautiful St George

Member since Aug 2004

78240 posts

Posted on 1/25/24 at 12:53 pm to 225Tyga

quote:

Sounds like he was acting as a bookie through one of the gambling platforms. Doesn't necessarily mean that HE was specifically making thousands of bets more so he was betting for other minors

Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)

I highly doubt he was wagering hundreds of thousands of dollars.

This is actually worse

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Posted by skullhawk

My house

Member since Nov 2007

23451 posts

Posted on 1/25/24 at 12:55 pm to 225Tyga

quote:
Sounds like he was acting as a bookie through one of the gambling platforms. Doesn't necessarily mean that HE was specifically making thousands of bets more so he was betting for other minors

Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)

I highly doubt he was wagering hundreds of thousands of dollars.

The Advocate is reporting the account placed 8900 bets. This was a group of people working together, and it was definitely an illegal book hedging their action.

This post was edited on 1/25/24 at 12:56 pm

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Posted by wahoocs

Lafayette, LA

Member since Nov 2004

22408 posts

Posted on 1/25/24 at 1:03 pm to 225Tyga

quote:
Sounds like he was acting as a bookie through one of the gambling platforms. Doesn't necessarily mean that HE was specifically making thousands of bets more so he was betting for other minors

Likely laying off the difference, keeping the juice

But I really won't be surprised to hear if it turns out to be more

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Posted by plance

Baton Rouge

Member since Jan 2007

1600 posts

Posted on 1/25/24 at 1:11 pm to 225Tyga

quote:
Hundreds of thousands of dollars on Wagers / Payouts is extremely misleading. You can have multi hundred thousand dollar payouts with like 1-5K wager (multi leg parlay)

Sorry, this takes too much energy to investigate.

We’d much rather have a splashy headline, make assumptions, and drag people through the mud before having all the facts.

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Posted by moneyg

Member since Jun 2006

56939 posts

Posted on 1/25/24 at 1:14 pm to 225Tyga