I think I may have figured this out. I think those such as DraftKings were probably lobbying behind the scenes to get sports exchange betting legalized, with them acting as the exchange.
Then DraftKings wouldn't have to worry about setting odds, moving the lines, etc. Just let the bettors bet against each other, and DraftKings would take a small cut for the transaction services rendered. Sort of in the same manner that online poker websites rake each pot without caring who wins or loses the pot.
Oh well. In any event, the feds seem to have nixed it, so that's that.
I think I may have figured this out. I think those such as DraftKings were probably lobbying behind the scenes to get sports exchange betting legalized, with them acting as the exchange.
Then DraftKings wouldn't have to worry about setting odds, moving the lines, etc. Just let the bettors bet against each other, and DraftKings would take a small cut for the transaction services rendered. Sort of in the same manner that online poker websites rake each pot without caring who wins or loses the pot.
Oh well. In any event, the feds seem to have nixed it, so that's that.
DraftKings stock price dropping like a rock. Even with the exchange betting ruling against them, I'd have thought with the proliferation of legalized sports betting in the US, that the stock price would still continue to rise. Oh well, perhaps the states in which it is now illegal, are intent on keeping it that way, and there's no room now in the US market for a bookie like DraftKings to grow?
Sorry, I probably should have started a separate thread about this. I will do that if any further info pops up.
One quick note about Galaxy. Win or lose, he's got the stones to publicly show his calls, and ya gotta respect that.
right off the bat i feel the need to correct you. it's not win or lose, it's lose or lose. 😅
in all seriousness, this has been a fun thread for me. come Sept 21 it will be two years worth of bets! i almost reached 2k at one point, but it's been a hard slog ever since. and even though i'm currently stuck, in a weird sort of way i still feel like a winner. lol
the key for me is a) not losing more than i can afford to, and b) not being afraid of making a complete fool out of myself. i mean, my girlfriend says i do it on an everyday basis, so why should i stop now? 😆
now let's discuss last weekend's wagers. i said in another thread that Spieth isn't the same player he once was, yet i turned right around and dropped some coin on him. and promptly made a donation. but my thought process was as follows: he had a stellar track record at the Schwab, and i was trying to time a resurgence perfectly. i won't be betting on him again until i see some signs of life. guaranteed.
i took a stab on Morikawa. he had a good tournament, but not first-place good, which is what i needed.
the Finau bet really pissed me off. a terrible beat. he was near the top all four days, including the final round when he birdied his first hole and was tied for third. all i needed was top 20, thus all i really had to avoid was a meltdown. and melt down is exactly what he did, bogeying 3 of his final 4 holes. but wait, he finished T17 so you won your bet, right galaxy? not exactly. now to educate you on a type of wager you probably weren't aware of.
when you take a golfer to finish in the top 20, for example, there's a set of rules called dead heat that apply. you've probably seen that verbiage at the bottom of some of my screenshots. when Finau missed a 9-footer on his final hole of the tournament and ended up finishing tied for 17th, the dead heat rules triggered. here's why, and here's how it's calculated:
my sportsbook (and most every other one) employ these dead heat rules. in their eyes, when you bet on a golfer to finish in the top 20, there are 20 possible winning spots. so when Finau tied for 17th with 6 other golfers, there were 7 total golfers vying for 4 available winning positions (17th, 18th, 19th, 20th). as a result, a fraction is created: 4/7. you take that fraction and multiply it by the original bet, which in my case was 100$, and the product is 57$. that's my "new" bet for grading purposes. so, 57 times 1.5 (Finau was +150) = 85.5. i originally wagered 100$, but because of the dead heat reduction i only received 142.50 back (57 plus 85.5). in other words, i ultimately won only $42.50 instead of $150 because Tony decided to shit his pants on his way to the house. and had he thrown away just one more stroke coming in, i would have lost my entire bet.
and i undoubtedly would have broken the nearest breakable object.
One quick note about Galaxy. Win or lose, he's got the stones to publicly show his calls, and ya gotta respect that.
right off the bat i feel the need to correct you. it's not win or lose, it's lose or lose. 😅
in all seriousness, this has been a fun thread for me. come Sept 21 it will be two years worth of bets! i almost reached 2k at one point, but it's been a hard slog ever since. and even though i'm currently stuck, in a weird sort of way i still feel like a winner. lol
the key for me is a) not losing more than i can afford to, and b) not being afraid of making a complete fool out of myself. i mean, my girlfriend says i do it on an everyday basis, so why should i stop now? 😆
now let's discuss last weekend's wagers. i said in another thread that Spieth isn't the same player he once was, yet i turned right around and dropped some coin on him. and promptly made a donation. but my thought process was as follows: he had a stellar track record at the Schwab, and i was trying to time a resurgence perfectly. i won't be betting on him again until i see some signs of life. guaranteed.
i took a stab on Morikawa. he had a good tournament, but not first-place good, which is what i needed.
the Finau bet really pissed me off. a terrible beat. he was near the top all four days, including the final round when he birdied his first hole and was tied for third. all i needed was top 20, thus all i really had to avoid was a meltdown. and melt down is exactly what he did, bogeying 3 of his final 4 holes. but wait, he finished T17 so you won your bet, right galaxy? not exactly. now to educate you on a type of wager you probably weren't aware of.
when you take a golfer to finish in the top 20, for example, there's a set of rules called dead heat that apply. you've probably seen that verbiage at the bottom of some of my screenshots. when Finau missed a 9-footer on his final hole of the tournament and ended up finishing tied for 17th, the dead heat rules triggered. here's why, and here's how it's calculated:
my sportsbook (and most every other one) employ these dead heat rules. in their eyes, when you bet on a golfer to finish in the top 20, there are 20 possible winning spots. so when Finau tied for 17th with 6 other golfers, there were 7 total golfers vying for 4 available winning positions (17th, 18th, 19th, 20th). as a result, a fraction is created: 4/7. you take that fraction and multiply it by the original bet, which in my case was 100$, and the product is 57$. that's my "new" bet for grading purposes. so, 57 times 1.5 (Finau was +150) = 85.5. i originally wagered 100$, but because of the dead heat reduction i only received 142.50 back (57 plus 85.5). in other words, i ultimately won only $42.50 instead of $150 because Tony decided to shit his pants on his way to the house. and had he thrown away just one more stroke coming in, i would have lost my entire bet.
and i undoubtedly would have broken the nearest breakable object.
I saw that bet yesterday, and just with a little bit of knowledge, not really thinking it thru, figured you were going to win 1/7 of $100 meaning around $14 profit. But I didn't think about the three other places which meant it was really 1/7 of $400 considering your $100 bet size, meaning the $57 profit that you mentioned.
I also thought you had hit on the nice long shot bet of $350 because you had been playing the top twenty. Then sadly, I took another look at it and saw you had played the guy to win. Not following the PGA, but I know now that particular golfer wouldn't have had odds that high to finish in the top twenty.
I wonder what the odds were on a player such as Scheffler to finish in the top twenty? My guess it would be similar to a 1-9 short price horse at the track.
I wonder what the odds were on a player such as Scheffler to finish in the top twenty? My guess it would be similar to a 1-9 short price horse at the track.
steep. he was -400 to crack the top 20 last weekend. he's the only sure thing in golf, as sure as Tiger was in his prime. one of these days I'll wise up and bet on him. if I had more money than I knew what to do with I'd go crazy on him every single week.
I wonder what the odds were on a player such as Scheffler to finish in the top twenty? My guess it would be similar to a 1-9 short price horse at the track.
steep. he was -400 to crack the top 20 last weekend. he's the only sure thing in golf, as sure as Tiger was in his prime. one of these days I'll wise up and bet on him. if I had more money than I knew what to do with I'd go crazy on him every single week.
That -400 this season is a license to print money. But of course knowing that bookies aren't about to offer their customers a license to print money, I thought about it some more.
The -400 would mean that ya'd have to hit on 4 out of 5 bets just to break even. That being said, that posted record on Scheffler this season sure looks like a license to print money. As long as he stays in form.
I have to imagine the whales who love making huge bets on short price odds, are having a field day this season with Scheffler on this top 20 bet. Gotta wonder at some point if the books might decide to privately cap the amount these whales can bet on situations such as this?
Pendrith with a good round today. You're still in the hunt.
He's hanging in there, still in the top twenty after 5 holes today.
Can he hold on for the stretch run? We shall see.
didn't see any action today, but I checked the final leaderboard and saw T21. i then tortured myself and looked up how he finished, and sure enough, he bogeyed his last hole to light my wager on fire. a par would have triggered dead heat again, but I still would have had 86% of my original bet in play, and that would have resulted in a 176$ winner.
so the bogey on 18 effectively cost me 251$
losing always sucks, but being on the wrong side of a 4-day tease job that comes down to the final hole is astronomically worse
So I'm having a bad day & night at the track. What else is new? Last thoroughbred race of the night, I think it was one of the Texas tracks. Bet around $50 on some supers. Watching the race, I catch the first three horses easily, by daylight, and my fourth place horse is dueling with another for that fourth spot. Well, you see it coming. Photo finish for fourth. I get beat by the smallest dam nose maybe in horse racing history. I would have gladly taken a dead heat, and split the pool. I'm guessing based on the tri payout, the super would have been around 10k for a buck.
Well i walk out of the track, little bit of a walk to the car, get in, start the engine, and for some reason pull on the steering wheel in anger over that lost bet, and break the steering wheel in half. Now I'm so hissed off, I can't even get hissed off.
I did manage to still drive home, and of course the cost of replacing the steering wheel was rubbing salt in the wound.
Unfortunately, I got a lot more of these type of stories, but maybe for another time. LOL
Ok. Group effort in willing this to be a winning ticket to cash 🍀🙌💯
from the tips of your fingers to the eyeballs of the karma gods
are you going to hit the NBA Finals?
My NBA finals.
So I had a futures bet with UCONN mens. South Carolina Woman AND the Celtics
I hit UConn and SC and had a cash out option for $250 ish. If the Celts won and I kept the ticket it was going to be a Thousand Dollar cash but I knew I'd hedge so probably would have won $500 or so after all was said and done so I cashed out for the 250 and promptly put it on one Bryce Koepka to finish top 10 in masters which would have paid over $600
Galaxy if you lose this bet, you should sell all your worldly assets, donate the money to charity except for a one way plane ticket and cab fare, swear off gambling, women and all bad habits, fly to Tibet, a cab will take you to the nearest Monastery, and the Monks will welcome you in joining them for a lifetime of cleansing.
Galaxy if you lose this bet, you should sell all your worldly assets, donate the money to charity except for a one way plane ticket and cab fare, swear off gambling, women and all bad habits, fly to Tibet, a cab will take you to the nearest Monastery, and the Monks will welcome you in joining them for a lifetime of cleansing.
i would definitely do all of that. if i could. what i will do, however, is create the most ingenious shank the prison system has ever seen.
hey Viktor, could i please -- ahem -- get your autograph?
steep, to be sure, but all but guaranteed with the run he's on. and especially when it's a truncated field (only 73 players in this tournament).
trust me if i owned a money tree orchard instead of the .12/hour i'm currently earning, i'd back up the brink's truck
The way he is playing, the amazing consistency, it does seem like a license to print money.
I'd be sure there are some whales out there who have pounded the bookies this season with short odds, huge bets on Scheffler.
I think I may have said this before, in my opinion, privately, the bookies may have or probably have capped the wagering amount on Scheffler with these whales. The bookies don't mind sometimes losing money on some props, that's part of the game. But then again, they don't like giving it away either.
for the 3rd week in a row i had the outcome of a golf wager decided on the 72nd hole. i couldn't do that again if i tried. thankfully Hovland made a par and i didn't have to bomb this penitentiary
let's see if the Mavs can at least keep in close in G2
The whales who loaded up on that low odds, top twenty bet on Scheffler, are sure going have to sweat it out tomorrow. Scheffler is probably going to need to shoot at least -3, on a course from which I've read is very tough. But if anyone can do it, Scheffler can.
Possible very interesting situation with Matsuyama. If he can vault into second place, and DeChambeau can bogey a few, you'll of course be more than happy to sacrifice a winning bet on DeChambeau, to hit the very nice long shot.
Win or lose, that is some excellent handicapping having two live players, one a 45-1 shot, going into the final round.
worst case: none of them win and almost 250$ up in flames
next-best case: one of the three big guns wins (DeChambeau, Rory, Aberg) and a marginal profit
absolute best case: Hideki goes crazy and turns it into Christmas in June for moi. he went low in the 2nd round and he's gonna have to replicate that feat for it to happen. he's on the edge of contention 5 shots back looking up at 4 guys, and you've gotta think that at least one of them is going to play well. so i don't at all expect it to happen, but i do have a puncher's chance
should be a great final round. very interested to see what Rory does. it has been TEN years since he won a major, and he has a real shot tomorrow to finally put an end to the drought
Comments
-292.50
Hope you smash it brother
DraftKings
41.90 USD
−1.48 (3.41%)today
DraftKings stock price down again today.
I think I may have figured this out. I think those such as DraftKings were probably lobbying behind the scenes to get sports exchange betting legalized, with them acting as the exchange.
Then DraftKings wouldn't have to worry about setting odds, moving the lines, etc. Just let the bettors bet against each other, and DraftKings would take a small cut for the transaction services rendered. Sort of in the same manner that online poker websites rake each pot without caring who wins or loses the pot.
Oh well. In any event, the feds seem to have nixed it, so that's that.
Hope you score$$$$.
I have one bet on the Schwab. Did not post it here in time before tee off time.
DraftKings stock price dropping like a rock. Even with the exchange betting ruling against them, I'd have thought with the proliferation of legalized sports betting in the US, that the stock price would still continue to rise. Oh well, perhaps the states in which it is now illegal, are intent on keeping it that way, and there's no room now in the US market for a bookie like DraftKings to grow?
Sorry, I probably should have started a separate thread about this. I will do that if any further info pops up.
One quick note about Galaxy. Win or lose, he's got the stones to publicly show his calls, and ya gotta respect that.
100%
I've shown many rear end frosting losses, I haven't been doing much since NFL so my bets are just small dart throws so they are pretty much irrelevant
right off the bat i feel the need to correct you. it's not win or lose, it's lose or lose. 😅
in all seriousness, this has been a fun thread for me. come Sept 21 it will be two years worth of bets! i almost reached 2k at one point, but it's been a hard slog ever since. and even though i'm currently stuck, in a weird sort of way i still feel like a winner. lol
the key for me is a) not losing more than i can afford to, and b) not being afraid of making a complete fool out of myself. i mean, my girlfriend says i do it on an everyday basis, so why should i stop now? 😆
now let's discuss last weekend's wagers. i said in another thread that Spieth isn't the same player he once was, yet i turned right around and dropped some coin on him. and promptly made a donation. but my thought process was as follows: he had a stellar track record at the Schwab, and i was trying to time a resurgence perfectly. i won't be betting on him again until i see some signs of life. guaranteed.
i took a stab on Morikawa. he had a good tournament, but not first-place good, which is what i needed.
the Finau bet really pissed me off. a terrible beat. he was near the top all four days, including the final round when he birdied his first hole and was tied for third. all i needed was top 20, thus all i really had to avoid was a meltdown. and melt down is exactly what he did, bogeying 3 of his final 4 holes. but wait, he finished T17 so you won your bet, right galaxy? not exactly. now to educate you on a type of wager you probably weren't aware of.
when you take a golfer to finish in the top 20, for example, there's a set of rules called dead heat that apply. you've probably seen that verbiage at the bottom of some of my screenshots. when Finau missed a 9-footer on his final hole of the tournament and ended up finishing tied for 17th, the dead heat rules triggered. here's why, and here's how it's calculated:
my sportsbook (and most every other one) employ these dead heat rules. in their eyes, when you bet on a golfer to finish in the top 20, there are 20 possible winning spots. so when Finau tied for 17th with 6 other golfers, there were 7 total golfers vying for 4 available winning positions (17th, 18th, 19th, 20th). as a result, a fraction is created: 4/7. you take that fraction and multiply it by the original bet, which in my case was 100$, and the product is 57$. that's my "new" bet for grading purposes. so, 57 times 1.5 (Finau was +150) = 85.5. i originally wagered 100$, but because of the dead heat reduction i only received 142.50 back (57 plus 85.5). in other words, i ultimately won only $42.50 instead of $150 because Tony decided to shit his pants on his way to the house. and had he thrown away just one more stroke coming in, i would have lost my entire bet.
and i undoubtedly would have broken the nearest breakable object.
I liked that fat ticket ya had that time at the track.
That was a beauty!
I saw that bet yesterday, and just with a little bit of knowledge, not really thinking it thru, figured you were going to win 1/7 of $100 meaning around $14 profit. But I didn't think about the three other places which meant it was really 1/7 of $400 considering your $100 bet size, meaning the $57 profit that you mentioned.
I also thought you had hit on the nice long shot bet of $350 because you had been playing the top twenty. Then sadly, I took another look at it and saw you had played the guy to win. Not following the PGA, but I know now that particular golfer wouldn't have had odds that high to finish in the top twenty.
I wonder what the odds were on a player such as Scheffler to finish in the top twenty? My guess it would be similar to a 1-9 short price horse at the track.
steep. he was -400 to crack the top 20 last weekend. he's the only sure thing in golf, as sure as Tiger was in his prime. one of these days I'll wise up and bet on him. if I had more money than I knew what to do with I'd go crazy on him every single week.
That -400 this season is a license to print money. But of course knowing that bookies aren't about to offer their customers a license to print money, I thought about it some more.
The -400 would mean that ya'd have to hit on 4 out of 5 bets just to break even. That being said, that posted record on Scheffler this season sure looks like a license to print money. As long as he stays in form.
I have to imagine the whales who love making huge bets on short price odds, are having a field day this season with Scheffler on this top 20 bet. Gotta wonder at some point if the books might decide to privately cap the amount these whales can bet on situations such as this?
What we'd all like to see is Galaxy wager 400 dimes on Scheffler for top twenty, in an upcoming tourney.
Pickup a cool, quick 100k, and have him impress the girlfriend with a new luxury car. 😊
really can't believe the Wolves are on the verge of extinction and haven't won a game in this series
we'll see if they have any heart
-375
(and stevek if i had perkdog money I'd do it ☝️lol)
(and stevek if i had perkdog money I'd do it ☝️lol)
Perkdog could buy all of us combined on this forum, ten times over. 😉
Haha I wish I had this "Perkdog Money" that you fellas speak of
Now that's a result for the debit ledger.
let's see if i can win one of these
-275
gonna ride with the Wolves again tonight
-275 (w/ a pending golf bet)
Uhk Minnesota cost me as well
As I said I been unable to hit a game.
Lost $200 on Yankees
Lost $100 on Bruins
Lost $100 on Panthers
Lost $100 on Minnesota
Finally hit the Yankees last night with multiple bets.. -2.5, -3 and -4 runs
Got back $170
Pendrith with a good round today. You're still in the hunt.
He's hanging in there, still in the top twenty after 5 holes today.
Can he hold on for the stretch run? We shall see.
Pendrith had to bogey the final hole.
Unfnbelievable. ☹️
didn't see any action today, but I checked the final leaderboard and saw T21. i then tortured myself and looked up how he finished, and sure enough, he bogeyed his last hole to light my wager on fire. a par would have triggered dead heat again, but I still would have had 86% of my original bet in play, and that would have resulted in a 176$ winner.
so the bogey on 18 effectively cost me 251$
losing always sucks, but being on the wrong side of a 4-day tease job that comes down to the final hole is astronomically worse
one would think that i'd knock off the top 20s after getting screwed the past two weeks
but I'm obstinate like that
-447.50.........this figure is starting to get ugly
Ok. Group effort in willing this to be a winning ticket to cash 🍀🙌💯
from the tips of your fingers to the eyeballs of the karma gods
are you going to hit the NBA Finals?
i'm telling you right now if Hovland is on the cusp and goobers his final hole of the tournament on Sunday, this is gonna be me
picking up the largest object i can find, pirouetting like a mother and launching that bad boy as far as it will go
So I'm having a bad day & night at the track. What else is new? Last thoroughbred race of the night, I think it was one of the Texas tracks. Bet around $50 on some supers. Watching the race, I catch the first three horses easily, by daylight, and my fourth place horse is dueling with another for that fourth spot. Well, you see it coming. Photo finish for fourth. I get beat by the smallest dam nose maybe in horse racing history. I would have gladly taken a dead heat, and split the pool. I'm guessing based on the tri payout, the super would have been around 10k for a buck.
Well i walk out of the track, little bit of a walk to the car, get in, start the engine, and for some reason pull on the steering wheel in anger over that lost bet, and break the steering wheel in half. Now I'm so hissed off, I can't even get hissed off.
I did manage to still drive home, and of course the cost of replacing the steering wheel was rubbing salt in the wound.
Unfortunately, I got a lot more of these type of stories, but maybe for another time. LOL
@stevek
so brutal
for crying out loud, can you at least lose by 50 lengths instead of a freaking inch
Absolutely AWESOME post 😂😂😂😂
My NBA finals.
So I had a futures bet with UCONN mens. South Carolina Woman AND the Celtics
I hit UConn and SC and had a cash out option for $250 ish. If the Celts won and I kept the ticket it was going to be a Thousand Dollar cash but I knew I'd hedge so probably would have won $500 or so after all was said and done so I cashed out for the 250 and promptly put it on one Bryce Koepka to finish top 10 in masters which would have paid over $600
So I screwed myself nicely if the Celts win
😊
Lemme tell ya Brent...I like what I see...
V. Hovland T2
Galaxy if you lose this bet, you should sell all your worldly assets, donate the money to charity except for a one way plane ticket and cab fare, swear off gambling, women and all bad habits, fly to Tibet, a cab will take you to the nearest Monastery, and the Monks will welcome you in joining them for a lifetime of cleansing.
i would definitely do all of that. if i could. what i will do, however, is create the most ingenious shank the prison system has ever seen.
hey Viktor, could i please -- ahem -- get your autograph?
btw @stevek
Scheffler was -600 for a T20
(forgot the price for T10 and T5)
steep, to be sure, but all but guaranteed with the run he's on. and especially when it's a truncated field (only 73 players in this tournament).
trust me if i owned a money tree orchard instead of the .12/hour i'm currently earning, i'd back up the brink's truck
The way he is playing, the amazing consistency, it does seem like a license to print money.
I'd be sure there are some whales out there who have pounded the bookies this season with short odds, huge bets on Scheffler.
I think I may have said this before, in my opinion, privately, the bookies may have or probably have capped the wagering amount on Scheffler with these whales. The bookies don't mind sometimes losing money on some props, that's part of the game. But then again, they don't like giving it away either.
for the 3rd week in a row i had the outcome of a golf wager decided on the 72nd hole. i couldn't do that again if i tried. thankfully Hovland made a par and i didn't have to bomb this penitentiary
let's see if the Mavs can at least keep in close in G2
-317.87
When it comes to gambling, always better to receive than to give.
pushed my G2 bet
win or die for the Mavs in G3
-317.87
I was going to bet the Mavs as well. Was hoping they would be home dogs
U.S. Open
-390.37
Let's go @galaxy27
Silly me thinking that the Celts were going to show up last night and close it out
T42
United States
S. Scheffler
+1 F +6
The whales who loaded up on that low odds, top twenty bet on Scheffler, are sure going have to sweat it out tomorrow. Scheffler is probably going to need to shoot at least -3, on a course from which I've read is very tough. But if anyone can do it, Scheffler can.
T5
Japan
H. Matsuyama
Possible very interesting situation with Matsuyama. If he can vault into second place, and DeChambeau can bogey a few, you'll of course be more than happy to sacrifice a winning bet on DeChambeau, to hit the very nice long shot.
Win or lose, that is some excellent handicapping having two live players, one a 45-1 shot, going into the final round.
Looking good for you galaxy. Nail it.
currently have 4 out of the top 6
worst case: none of them win and almost 250$ up in flames
next-best case: one of the three big guns wins (DeChambeau, Rory, Aberg) and a marginal profit
absolute best case: Hideki goes crazy and turns it into Christmas in June for moi. he went low in the 2nd round and he's gonna have to replicate that feat for it to happen. he's on the edge of contention 5 shots back looking up at 4 guys, and you've gotta think that at least one of them is going to play well. so i don't at all expect it to happen, but i do have a puncher's chance
should be a great final round. very interested to see what Rory does. it has been TEN years since he won a major, and he has a real shot tomorrow to finally put an end to the drought