My roommate told me about a method his uncle taught him which, according to him, is a guaranteed way to win money in a casino. I'm skeptical and I'd appreciate it. I'm skeptical and I'd appreciate it if someone smarter than me could do the math. The key to long-term profit in sports betting is arbitrage.
Your goal is to invest as much money as you can with guaranteed profits and 0% risk. Sports betting is a hobby, not a source of income. As soon as you deposit money in a sports bookmaker, treat it as if you spent it. Reduce your losses and get out of here.
Play a game of odds with a good amount of change to begin with. Bets on horses, roulette, craps, black jack you name it. Most gamblers lose money, as all games accumulate against players and casinos, which are large and expensive to build and maintain, are financed by the losses of taxpayers and players. When you bet “IN”, you can split your money between MANY different numbers as long as the sum of all bets is greater than the table minimum and less than the table maximum.
You're going to need a betting counter to tell you more about this, but you're going to have to figure taxes somehow. It's still not worth it in general, except now you make money most of the time if the pot is beggar enough. You are guaranteed to always win if you have an infinite amount of money but you are destined to go bankrupt if your money is limited. I'm not looking for people to tell me how bad this idea is, but advice from people who play (to a certain extent) for a living.
I'm not your typical Pay and Pray player, but every once in a while I distort my numbers so that 1 team becomes a “Break Even” bet and the other has 100% of the winnings. Clearly this person is lying and expects some benevolent redditor to send them money OR that it is a bitzino ad. Even though I'm mainly focusing on poker as a secondary income, taxes and gambling mentality are still applicable. Over a long period of time, any bet with an expected value lower than the entry will almost always lead to a net loss.
And finally, if you get into craps and you like it, and you want to win some money, not by playing craps, but by betting on a business idea related to the game I have, then look for me. Usually the game doesn't give enough time for the variance to be removed, so luck is who gets their lucky share of the variation at the right time. I've been to many casinos (I'm only 25 years old and I don't have much money to play) but I've never been able to get craps.
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