[Black Pill] the importance of knowing when to Cash Out

[Noonz]

I would have been Out over 500 bucks if I let the bet ride. I had a feeling in my bones the giants would Choke against the cubs or the Athletics against the Rockies.

[Iblameher]

Nice 👍

[Altruist]

Retard tax

[Noonz]

the athletics ended up winning

Retard tax

I've made $2,500 these past three weeks alone from betting, and it's not even the regular NBA season or football season

[miami_neet]

the athletics ended up winning


I've made $2,500 these past three weeks alone from betting, and it's not even the regular NBA season or football season

So you are only down 15k

[Noonz]

So you are only down 15k

up thousands since starting last year

[Busty Doll]

Retard tax

Porez na budale, a Nunz je Obveznik

[Altruist]

Porez na budale, a Nunz je Obveznik

Yep

[mogs_me]

most books take an insane house edge on cashouts
usually it's just best to hedge out if possible (becomes more complicated with multiple legs remaining tho)

[Altruist]

the athletics ended up winning


I've made $2,500 these past three weeks alone from betting, and it's not even the regular NBA season or football season

of course you have. the problem is you mentally ill retards are ignoring your losses and pretending those didnt happen. ironically, i'd bet all my possessions that you are DEEP in the red since you started betting. the bookies' luck is that most people are not smart enough to understand their odds and think they are way higher than they are, hence the profits.

if you lose 10k in bets, but win 2.3, your damaged brain will tell you that you are 2.3 in the positive. the case with every single gambling addicted moron i ve ever met. they are more psychotically delusional about this than the worst religious fundamentalists about the existence of god that loves them.

[Altruist]

most books take an insane house edge on cashouts
usually it's just best to hedge out if possible (becomes more complicated with multiple legs remaining tho)

didnt you make a thread related to this recently?

would you say the average gambler (not average, actually, but any of them) understands the odds of them winning a ticket combining coefficients of, idk, 1.5, 1.3 and 1.25?

[Altruist]

didnt you make a thread related to this recently?

would you say the average gambler (not average, actually, but any of them) understands the odds of them winning a ticket combining coefficients of, idk, 1.5, 1.3 and 1.25?

stupid question, though - 99% of them, including braindead op, can't even begin to attempt converting those (or those odds of other format) to statistical probability, they just memorized an outcome is more likely the closer the coefficient is to 1 (in the format i m using primarily)



today when i went to buy wine, i walked past some shit bar frequented by minimum wage alcoholics and overheard one of them spout that exact same "maaaaan, i just kneeeeeeeeew it was gonna end up like that, it was sooooooooo obvious from the start" negative iq garbage about some world cup game



the funny part (except to his wife and kids) is that he's gonna interpret this grotesque delusion (because he's had identical thoughts about 50 other outcomes, his brain is just cherrypicking them now without the fucking troglodyte realizing it on a conscious level) as a sign that ... he is closer than ever to getting rich off sports betting

absolutely insane. i wouldnt even ban it, i'd legally FORCE those morons to spend all their shitty income on betting and in casinos. at least we d have a horde of legit retards stopping respawning

[Altruist]

[Busty Doll]

Well my beef with sports betting is that the winnings pool is limited.

You cannot bet "a trillion dollars" and then win 3 or something

[Altruist]

Well my beef with sports betting is that the winnings pool is limited.

You cannot bet "a trillion dollars" and then win 3 or something

these retards talk about "almost winning" like there is an option to file a complaint and say "i almost got everything right, so can you at least give me some of the money?"