GAMBLING 101 TRUE OR FALSE QUIZ?

Re: GAMBLING 101 TRUE OR FALSE QUIZ?

Mentally prepared? Yes,100%!

Treat him like an enemy? Perhaps. Depends on your definaition of enemy I suppose? Dictionary.com uses the word 'hate' in regards to having an enemy. By that logic, I'd say 'no' don't see your bookie as your enemy because it involves the very strong emotion of 'hate' and emotions cloud judgement. I also think you're a fool to think your BM is your friend though. Again, friendship is an emotion and emotions will cloud your judgement. A professional business relationship is the only way to go.

Should you lie to your bookie? Presuming your bookie is legit, 'No' you shouldn't lie to them. Coming from the other side of the counter I can tell you that generally the pros are straightforward because, well they're pros and they know you are too. Conversely and again, I'm speaking in generalities it's the wanna-be pros who don't have the real skills to hack it who have to resort to lying and taking shots.

Rape? That's a heavy-duty word. You're equating Spiro, Henry, Mickey et al to rapists? Really? That seems a little over-the-top to me.

You choose to search out a sportsbook, you choose to post up your money, you choose whether or not to bet the line given, you choose the amount, you choose the method to get paid when you win and yet they are raping you because of your choices? Or raping your wife? Sheesh.

Well said, Mason.

I am glad some one else sees it the way I do.

I was a little confused by the "raping" analogy. I guess that is a way to blame the BM instead of yourself. If anybody thinks their BM is raping them then they need a new book or need to quit gambling altogether.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I still maintain that it is necessary to have the MINDSET that the bookmaker is NOT your FRIEND and he wants to RAPE you of your money...

Mason is a Bookmaker and he is entitled to his opinion...

I disagree with it...

THE SHRINK
 

BigDaddy

EOG Master
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I still maintain that it is necessary to have the MINDSET that the bookmaker is NOT your FRIEND and he wants to RAPE you of your money...

Mason is a Bookmaker and he is entitled to his opinion...

I disagree with it...

THE SHRINK

agree

the bookie is not your friend no matter how nice you might think he is the only thing he wants is your money.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I think you need to maintain a business relationship. That doesn't mean you need to be a friend. Your BM is providing a service to you. Just like in sales, people will buy from people they like and/or trust. To lie would probably depend on the circumstances.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

How ridiculous many of these posts are. The books are merely outlets, very few want to rape you. Smart books operate with the mindset that they are truly earning their money on a percentage of handle. Someone will win and someone will lose. He shouldn't worry who does what. A few of course do get greedy and think if they kick out winners they will get more money, but it doesn't really work that way. Smart bookies know sharper players help balance out the book. However as fewer weak bettors remain this will become a bigger problem and we shall see how it shakes out. But smart bettors and smart books realize they often are partners. Books need players to drive volume and players need books to give them outlets. To employ enemy thinking is foolish and short sighted. No you don't need to be friends or buddies, but the real enemy of a bettor comes from other anonymous bettors. They are the ones who are keeping you from getting a better number, not the books.

To say the bookie is an enemy is as foolish as saying your local grocery store your enemy. They provide you a way to get food and in turn they rely on you to stay in business. Neither can survive without the other.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

TRUE OR FALSE?

IN ORDER TO HAVE ANY CHANCE AT BEATING A BOOKMAKER, YOU MUST BE MENTALLY PREPARED. HE IS THE ENEMY. YOU MUST TREAT HIM LIKE AN ENEMY AND NOT A FRIEND. IF YOU MUST LIE TO HIM, THEN DO SO...

Interesting question........
You are correct about the enemy part......
Would love to see an example of what kind of lie you would
be telling to a book. I could see if you were "ghosting" "bearding"
placing bets for someone else but otherwise......
Lying is just cheating with words instead of money right?
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

To say the bookie is an enemy is as foolish as saying your local grocery store your enemy. They provide you a way to get food and in turn they rely on you to stay in business. Neither can survive without the other.

I think that you are correct about most books, but I know a few books
that will do anything to get the best of you. Some books are like
Sharon Stones character in the movie Casino. Very greedy and evil.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I think that you are correct about most books, but I know a few books
that will do anything to get the best of you. Some books are like
Sharon Stones character in the movie Casino. Very greedy and evil.

No doubt there are bad apples out there, straight up thieves. But they are mostly in it to be thieves and not just greedy operators. The sharper books who will be around a long time understand how the math works and will survive over the years because of it.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

How ridiculous many of these posts are. The books are merely outlets, very few want to rape you. Smart books operate with the mindset that they are truly earning their money on a percentage of handle. Someone will win and someone will lose. He shouldn't worry who does what. A few of course do get greedy and think if they kick out winners they will get more money, but it doesn't really work that way. Smart bookies know sharper players help balance out the book. However as fewer weak bettors remain this will become a bigger problem and we shall see how it shakes out. But smart bettors and smart books realize they often are partners. Books need players to drive volume and players need books to give them outlets. To employ enemy thinking is foolish and short sighted. No you don't need to be friends or buddies, but the real enemy of a bettor comes from other anonymous bettors. They are the ones who are keeping you from getting a better number, not the books.

To say the bookie is an enemy is as foolish as saying your local grocery store your enemy. They provide you a way to get food and in turn they rely on you to stay in business. Neither can survive without the other.

With all due respect, Billy Walters taught me to think this way and he is the most succesful sports bettor this industry has ever seen...

Sorry, but to employ enemy thinking is a prerequisite in order to be succesful at sports betting according to BW...

At first I didnt get it and I thought as you do...

It took some time to sink in but once it did, I haven't had a losing year...
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

With all due respect, Billy Walters taught me to think this way and he is the most succesful sports bettor this industry has ever seen...

Sorry, but to employ enemy thinking is a prerequisite in order to be succesful at sports betting according to BW...

At first I didnt get it and I thought as you do...

It took some time to sink in but once it did, I haven't had a losing year...

If that is what it takes for one to get serious enough to win then so be it. I just don't buy it though and it takes one's mind off the true theoretical edges you should be focused on. The way to find and exploit true value in sports betting comes from remembering it is public opinion that truly makes the number, not the guy who takes your bet.

But definitely one should do what he personally needs to do to be effective.
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

Shrink, why do you let all of your enemies advertise with you? :+clueless

J/k. I know what you are saying, and I see where you are comming from. I think being mentally prepared and choosing the right spots are more important than treating the book like the enemy tho.

But, I guess BW knows ALOT more than me. I am winning so I won't change now but if I start losing I will try this approach. :cheers
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

"Sorry, but to employ enemy thinking is a prerequisite in order to be succesful at sports betting according to BW..."

Can you explain to us, as BW did to you why this 'enemy'/'rape' mindset is a pre-req? I'd like to hear the logic. Educate us please.

I'm also curious where you were going with the part about lying to your bookmaker? You threw that out there in capital letters and bold font so I have a feeling there was a lesson to be learned there as well.

Thanks!
 
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

Interesting question........
You are correct about the enemy part......
Would love to see an example of what kind of lie you would
be telling to a book.
I could see if you were "ghosting" "bearding"
placing bets for someone else but otherwise......
Lying is just cheating with words instead of money right?

?
 

Wazzup

EOG Member
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I am reminded of a story where a guy placed a substantial bet on an NBA Total. I believe he bet the Over, only to have the Bookie call him back and say his line was wrong by 1 point (a single point on an NBA total!!!). The bettor had every right to keep his bet at the original line but relented for the whining Bookie and took the worse line. "Sure enuff", he ended up losing by 1/2 point instead of winning by the same. So yes, the Bookie is your enemy. By all means be civil to him, but don't be a "nice guy" and end up screwing yourself.
 

Wazzup

EOG Member
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

I am reminded of a story where a guy placed a substantial bet on an NBA Total. I believe he bet the Over, only to have the Bookie call him back and say his line was wrong by 1 point (a single point on an NBA total!!!). The bettor had every right to keep his bet at the original line but relented for the whining Bookie and took the worse line. "Sure enuff", he ended up losing by 1/2 point instead of winning by the same. So yes, the Bookie is your enemy. By all means be civil to him, but don't be a "nice guy" and end up screwing yourself.

PS As far as lying to your Book...why not? In this case I would have said I had the same line elsewhere...the bet stands. Excuse the double post; I didn't mean to quote myself.
 

Bucky

EOG Dedicated
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

Define friend and enemy for this thread. How good a friend - how big of an enemy?

I don't want the money that bad that I am willing to lie, cheat, or steal for it. I am willing to accept the best offers in the marketplace and collect the payoffs if any.

There are a lot of bookmakers/sportsbooks that I respect and some I do not care for but I do not feel any are my enemy. My definition of an enemy is someone who is trying to fight me or kill me. I consider the sportsbook/ bookmaker to be my opponent or adversary. As such it is unlikely I would ever be friendly enough to socialize beyond a hi - how's it going.

If I win money at a sportsbook? Am I taking money out of the man's pocket? Whose money am I getting? Whose money is the bookmaker going to get when I lose? (What if I just won 10k somewhere else?). Whose money did Billy get? What exactly did he do to get it? Did he lie, cheat, or steal for it? Or did he rape, pillage, and plunder the industry? Could he do it again - could he teach his brother, son, friend how to do it? Or is it genius or talent like being able to hit a curve ball or write a hit song? (can you lose the talent?) What I am saying is maybe what worked for him may not work for you and I?


What they say about a friend being able to get in your pocket way deeper than a complete stranger is probably true. Maybe, what Billy means is just a hard - cold - persona that doesn't consider the brutality of taking money out of someone else's pocket. Be a meat hunter - not in it for the sport but because you want to eat those rabbits???

I guess it is just different terminology - I see sportsbetting as the willingness to compete with the bookmaker and the desire to win which translates in to discipline and learning how to win. The offshore bookmaker is the best invention in my lifetime next to the internet and I hope he is successful marketing his product so I can play in his game (with his ball).


:pop: :smokesmal :pop: :smokesmal
 

Bucky

EOG Dedicated
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

PS As far as lying to your Book...why not? In this case I would have said I had the same line elsewhere...the bet stands. Excuse the double post; I didn't mean to quote myself.


I see that as a two way street if that bookie let's you correct YOUR mistakes. The bet at the brand new number has to have value and stand on it's own two feet or else just cancel everything. Not sure what the circumstances were or the elapsed time involved (5 or 10 minutes max on mistake corrections) - but if the player was trying to pound salt up the bookie's butt time after time after time the bottom line is it is his game and his ball when it comes time to collecting. In this case, I think I would be concerned about the stability of a book that either makes mistakes or sweats it like this and I would cash out instead of worrying about the joint going broke. On the other side of it - if you are getting value -getting paid - live to play another day - cancel it make them happy and maybe they will not run you for winning???

I just don't see that sportsbetting is the same as war with true enemies. Is it worth it to win at all costs? What are the possible consequences of the act? Let's say the player won't relent - the linesmaker who made the mistake gets fired - goes off the deep end - drives into a bridge. Now, if a player can go through that and not blink an eye - that is one cold hearted SOB that is involved in war games.
 

Nascar_Bobby

EOG Addicted
Re: GAMBLING 101 TRUE OR FALSE QUIZ?

TRUE OR FALSE?

IN ORDER TO HAVE ANY CHANCE AT BEATING A BOOKMAKER, YOU MUST BE MENTALLY PREPARED. HE IS THE ENEMY. YOU MUST TREAT HIM LIKE AN ENEMY AND NOT A FRIEND. IF YOU MUST LIE TO HIM, THEN DO SO...

This is almost like a blackjack player beating the dealer kinda of question.
 
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