re: Man loses his hard earned money at the casino and loses it

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If you ever want a confidence booster, go to a Tunica Casino. You’ll feel like an OT-10

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Hells to the yes...they also USED to have unlimited free odds wagers on the pass, don't pass and come bets...and paid....wait for it...the actual mathematical odds. You could place a $5 pass wager and when the point was established you could bet as much on the odds as you dared....I never saw them flinch with people placing $5 pass bets and $500 odds bets. Most casinos limit the odds bets to, at best the mathematical odds, but given the amounts bet at the true odds they are actually limited to full numerical value. Some casinos simply say you can take like 5-1 odds...especially harsh. The odds of winning a don't pass bet is about 49.3%, slightly better than the pass bet BUT your table mates will hate you for betting against the shooter. Allowing to bet as much as you dare on the odds when the point is 6,7 or 8 is basically a mathematical advantage over time for the player. Unheard of in a casino. Most people were hesitant to do it and the dealers wouldn't tell you you could but if you just did it they would not flinch. If you did it consistently, especially betting significantly more on 6,7 and 8 the pit boss would start offering you free meals and rooms and all manner of things to get you away from the table. Tunica craos were like a printing press if you knew how to take advantage. It was literally mathematically advantageous..

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It’s far less than that. 1 in 100? It’s more like 1 in 1,000,000 or 10,000,000. Think how many gamblers have betting apps and you believe that 1 in 100 of those earn a living with their sports betting? I say 1 in 100 of those are not in the red long-term.

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You are trying to lump every single person that wagers on sports into that 1% category. I’m referring to individuals wagering enough money to actually earn a living wagering on sports. To be profitable, a sports bettor must win at least 52.4% of bets. For many, 55% is a good year, 60% a great year and 65% a career year. Hitting 55% is not easy. That’s why estimates are so low on who can actually win long term and profit. Me personally if that was my only way to earn a living I couldn’t handle the stress. The 1%er is a unicorn.

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You said this, not me. I’m going off of what you said.

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I should have been more clear. You are correct.

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Far, far less than that can actually make a living betting on sports.

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Now this I disagree with. When people are putting up $100,000 or more for their investment it’s no different than going to see your financial advisors. When wagering responsibly on .05% to 3% of their bankroll per wager those are the sharps that are moving the lines on a 220 billion dollar a year industry. That’s not little $50, $100 dollar bettors doing that. These guys hunt in packs. Manipulate lines. Share information and are viewed as a serious liability and threat to the books. Arun Shiva over here in Alabama has a Phd in biostatistics from the University of Alabama. He is a prime example of a guy that can win long term or go to work for the casinos and has a documented 19 years of wagers without a losing year when combining all sports bet in a calendar year. Legalized gambling in a lot of these states has turned it into a serious investment for individuals and groups alike and they aren’t messing around. Where the industry has become aggravating is casinos not letting you wager what you want. They will take a persons money that loses on the regular but soon as you start popping the books for chunks of money they reduce your size of wagers. That needs to be regulated.

Go to WagerTalk and look at their 3 top handicappers for 365 days. They are the degenerates special handicappers. It you wagered every single play of Lawrence Prezman he hits around 55% year after year. That’s making money albeit not what I call a great ROI. I picked one that is not the best to use as an example. Doc Sports has been in business since 1971 or 1972. If you wagered every play exactly the way August Young tells you to a $100 per unit gambler is up close to $29,000. Don’t believe me email them and ask the owner Wade to provide you with Young's last 365 days of documented wagers. I know doctors, lawyers, and many others that have money playing their wagers every single day like it’s the stock market and cashing tickets. You lose in the NFL so what they make it up elsewhere. You can make money at wagering off sports if it’s run like an investment in the form of a business. I’ve worked on the other side of the window on the books side when I was younger. If a person gets hooked up in the right circle, just like picking the right financial planner, you can win. There are risk just like in the stock market. But numbers don’t lie and I track this stuff weekly.

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But not as bleak as the guy sitting alone in his living room, whose ability to make this months car payment depends on the outcome of a 48 yard field goal.

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I have clinical OCD. I have never been inside of a casino in my life. If I tried smoking or drinking or gambling, I would not survive another five years.

Weird bump, just coming out of a 3 month coma?

Don’t wager what you can’t afford to lose

Had an employee that worked at the Beau Rivage as a personal concierge to high rollers. His stories are depressing. From guys weeping on his shoulder in utter despair to zombie gamblers who haven't slept for a few days a start stinking