/biz/ - Business & Finance

>>917096
The sun would obviously win

>>917096
i do sport bet. i do since 1 month. +20€. What do i wrong anon?

i guess you dont know. cause its all math...

>>917109

>its all math

wrong

>>917111
than tell me the truth.

>>917104
It doesn't specify it's a fight.

Maybe it's a chess tournament or whatever.

>>917136
The lions would burn up as they got anywhere near the sun and the chessboard.

>>917142
Maybe it's a checkers match played over the Internet

>>917096
I'd love to learn, but I'm not interested in sports, nor do I like the odds generally given to players. Maybe we should start a /biz/ thread like the one on /sp/, sports betting. But that kind of thread requires at least one tripfag who knows what he does (i.e. is right often enough that people can follow him without failing/grow the thread).

>>917144
The computer would burn up when near the sun and lions are incapable of using a computer. Furthermore a trillion lions would need to sync their decisions in tandem, because otherwise it wouldn't work. Besides the lions would crowd eachither out of the computer.

>>917104
Or buy shares in bettors like paddy power.

Guaranteed to print money

>>917149
If 100 monkeys can write hamlet given typewriters and time, then surely a TRILLION lions on keyboards can beat a non-living entity on an internet checkers match.

>>917147
>But that kind of thread requires at least one tripfag who knows what he does (i.e. is right often enough that people can follow him without failing/grow the thread).

which isn't going to happen - there are small edges in the competitive sports markets, people make a few percent ROI at best - it isn't just having a good model either, tis also getting the best prices you can - no one who actually has an edge has any incentive to share

the other way to make money is trading the movement in odds on exchanges like betfair... and again no one has any incentive to share there either. People giving 'tips' are either trying to sell a service because they can't make any money or are just deluding themselves.

>>917147
I know a lot about gambling :^)

>>917246

the other thing to consider is that any liquid markets are already dominated by people with more resources that you'll have. Football (soccer) betting is dominated by a billionaire who employs a whole bunch of statisticians, bet places, football watchers etc.. you might find a mis-pricing on a small match at some bookie where you can't get much money down but don't expect to find any large inefficiencies in the market as there are people out there with much more resources than you - if you get anywhere near creating a decent model you're better off approaching him for a job

>>917112
It's luck.

>>917246
>>917269

You are absolutely clueless. Dont talk about things you dont know.

I bet you think every successful bettor has an algorithm too lol

>>917096
>>917147
Absolutely awesome idea! Im think about see if I can throw ~250$ at a Bitcoin wallet (testing the waters at investing in bitcoin) and also use that to bet on sports with the help of /biz/ /sp/ and bar buddies. I'm not into sports at all so I can't fall into emotional team betting. MMA would be different thou. I'll think of how I can best keep track and update. I'll post my thoughts on Friday

>>917222
According to animism the Sun is a living entity.
The sun is smart enough to conduct nuclear fusion.
No amount of lions are that smart.

I have taken $750 and turned it into $2200 on Bovada. I've only placed 3 bets but those 3 bets were about as close as it gets to a sure thing. Every weekend I look over the the football odds. There's always a number of games I like but I'm not putting money down until I'm absolutely confidence it's a win. I could bet smaller amounts and more often but then I'm just gambling.

>>917571

no but the most successful ones do.. plenty of smaller betters doing line shopping or betting based on years of knowledge/experience

however if you think there is a large edge in the most liquid betting markets for major sports then you're the one who is clueless - aside from insider information there isn't... if you don't understand why that is then again you're clueless (and also innumerate)

>>917779
That's presumptuous. Clearly you haven't spoken to a trillion lions.

>>917783
>I only bet on sure things
>bet 3 games that had lower than -200 odds
>thinking any bet is a sure thing regardless of odds

>>917779
The wisdom of 1 trillion lions > the sun. Fool. I bet you invested in MJMJ.

>>917863
>>917222
Lmfaoo this conversation is the best I've read today.

>>917096
>why dont you just learn to bet on sports?

Because:

1. Bookmakers have greater expertise and better access to information
2. Using this expertise and information, bookmakers will only offer prices that on average will be profitable for them.

So unless you've got access to information which the bookies don't, then on average you're going to make a loss from gambling.
It's pretty fucking simple.

The only real way to make money from gambling is through arbitrage, but you're barely ever going to find any real arbitrage opportunities nowadays.

>>917096
>>917104
the lions will win if they attack at night

>>917893
>The only real way to make money from gambling is through arbitrage,

no that ins't the only way, the biggest sports betters have good handicapping models

Tony bloom is a billionaire and made it from being a good soccer handicapper - he employs teams of statisticians.

Billy Walters bets on US sports and is worth a few hundred million at least - also a handicapper.

Ditto to Bill Benter - another handicapper - HK horse racing, worth a couple of hundred million.

They've also got plenty of competitors - there are a couple of other football syndicates out there to rival bloom's one of them set up by a former employee of his.

>>917136

The sun has been around for trillions of years. It is greater and wiser than any lion in all respects.

>>917096
Spoken like a true DraftKings employee pilfering FanDuel. Kek.

Well being active on the US stock market as a private investor is gambling anyways... not much differences

>>917899

>>917874
>>917863
>>917779
>>917222
>>917149
>>917144
>>917142
>>917136

what the fuck are you talking about