Sports Betting



  • I've never done it.
    Interested to hear your experiences
    Best sites/apps?
    Break even?
    Bit of fun?
    Adds to the watching experience?
    Pitfalls for young players?
    Easy to get too carried away?
    Worth a lark?
    Thanks



  • You're not young ūüėČ



  • You live in New Zealand? TAB website & app works just fine.
    What I can say about gambling on rugby specifically is that if you have discipline and show restraint you can make good money. But that's nearly impossible for most people because most people who gamble aren't really going in to win, and they don't know when to not take chances or walk away.
    Back in 2007 I made an absolute fortune backing both the Sharks to make the semi-finals ($4 - they finished top of the table) and backing the Springboks to win the Rugby World Cup ($8.50 in January). I was calling those two as near sure things to everyone I knew. Schalk Burger was near the best player in the world at that time and was returning from injury to bolster the Springboks and so on so I thought Jake White would have a plan. Pretty much paid for any world travel I wanted to do as an early-20's.
    But haven't had nearly that luck since and week-to-week bets often went astray so I decided on only backing teams paying $1.80 or more and only if I had strong feelings about it. Don't think I'll ever have a year like 2007 again though.
    It is easy to get carried away and I'd advise people to stay away rather. Seen too many people gamble a weeks pay on what they thought was a sure thing and then need to borrow money. Crazy stuff. Not sure why it's legal.



  • Back in 2007 I made an absolute fortune backing ... the Springboks to win the Rugby World Cup ($8.50 in January). I was calling those two as near sure things to everyone I knew.¬†But haven't had nearly that luck since and week-to-week bets often went astray.

    Subsequent lack of success at identifying "sure things" may throw doubt on previous "sure thing" predictions.



  • I used to put tge odd bet on mumble years ago when I was single. Just for entertainment. 5 bucks here and there.
    Didn't win much. I do recall a couple i won: Northland winning 2nd Div (1998??) and got half and full time result in the 2000 Bledisloe where there was the option of draw at either half or full time (24 all at the half).
    I worked out it was a mugs game after an AB tour to the UK one year when i used to put two bets on each game. One "serious" with the aim of covering costs and one sort of hopeful with higher odds on first try scorer.
    Basically the second bet was throwaway entertainment. But I was pissed off the result bets were either paying $1.10 or less, or i kept fucking up the margin by one score (ABs would either run out of gas needing one more try to get into the range of my prediction, or find some gas and score once more).
    Decided i knew far less about rugby than i thought. That there was a massive element of it still being a lottery. That the returns of betting on favourites were FA. And you'd need about 10 wins on favourites to balance one loss.
    Haven't had a sports bet since. Think I've only bet on a horse race in a pub with built in TAB for shits and giggles when Mrs boo says something like "oooh what a beautiful horse... "



  • Subsequent lack of success at identifying "sure things" may throw doubt on previous "sure thing" predictions.

    Thanks for that haha.
    Rather my point is that if you can hit the upsets consistently then you can do well in theory.... But nobody gonna get rich off it.



  • Yeah TAB app all good for if you are NZ.
    I do a lot of sports betting. No large amounts but enough to have some fun and make a withdrawl of fund every once in a while. I havent put any money in for a long time, probably almost 10 years.
    Mainly bet on NRL (as quite predictable) and go for head to head win, occasionally points start rather than margins etc. Really like livebetting too as can get somegood odds, especially if the non-favoured side scores first. Also bet a lot of golf and rugby and will run a multi each week.



  • I don't tend to bet on sports much at all. ¬†If you are serious about it, get into BetFair - it's a bet matching service, and you can either back or lay (ie take either side of the bet). ¬†The TAB just lets you back.

    TAB odds tend to be 10% or so worse than betfair as they make the book and have to make money off it. ¬†Don't forget the betfair odds don't include their commission if you win the bet ūüôā
     
     
    I bet very intermittently. ¬†Cleaned up when Tua fought Lewis back in the day - TAB got so much money on Tua they were offering ridiculous odds on Lewis. ¬†Lost a flier when the SA rugby team went to Brisbane and were priced at $7. ¬†$7 in a two horse race - well they got flogged. ūüėź
     
    So, as someone else says, good luck, but don't expect to win.  If you gamble long term, the only winner is usually the bookmaker... otherwise they'd be out of business (by definition)



  • I have a mate who makes good money off it, took 8 months off work last year to pursue it as a career.
     
    He's the most boring person in the world to watch a game with, he'll have his laptop, Ipad and I phone all in front of him checking odds and watching other games that are on at the same time.
     
    He's signed up to 4 different sites.... NZ TAB, William Hill, Bet fair and Bet 365 I think.
     
    Bets regularly on Rugby, NRL, Darts, NBA, NFL, Cricket, Tennis and many other sports. I'd say he watches upwards of 35 hours of sport a week so it's a full time job in  itself.
     
     
    He doesnt speak too highly of the NZ TAB, who often deny larger bets,are slow to pay out,  and their in game options are so slow to update compared to the other sites
     
    In game options are when he makes a lot of money, total points in game, total tries etc. Reckons the NRL is really predicable in this regard. He's really good at weighing up odds in his mind and covering his losses if things get tight.



  • I have a mate who makes good money off it, took 8 months off work last year to pursue it as a career.
    He's the most boring person in the world to watch a game with, he'll have his laptop, Ipad and I phone all in front of him checking odds and watching other games that are on at the same time.
    He's signed up to 4 different sites.... NZ TAB, William Hill, Bet fair and Bet 365 I think.
    Bets regularly on Rugby, NRL, Darts, NBA, NFL, Cricket, Tennis and many other sports. I'd say he watches upwards of 35 hours of sport a week so it's a full time job in itself.
    He doesnt speak too highly of the NZ TAB, who often deny larger bets,are slow to pay out, and their in game options are so slow to update compared to the other sites
    In game options are when he makes a lot of money, total points in game, total tries etc. Reckons the NRL is really predicable in this regard. He's really good at weighing up odds in his mind and covering his losses if things get tight.

    Don't know about you but I'd hate to live with that kind of uncertainty. Wonder how he handles it mentally.
    Might hate getting up in the mornings but living comfortably with a steady stream of money makes it worth it!
    I have a knack for numbers and worked out spreadsheets and things to do the same exact thing but decided it just wasn't a healthy, interesting or prestigious occupation to pursue



  • A game the TAB rules is 50/50 they give $1.87 odds. That should tell you all you need to know about your chances of making money. You need to be significantly luckier or smarter than the average person to make money. It's almost a bit hubristic to expect to break even. You can create a statistical programme if you want but the TAB's programmes are more advanced. The TAB are happy for you to make money if you are smart enough. They need some lucky people to make money so they can convince everyone else to lose money. If you enjoy it, go for it. Don't expect it to be paying for your travel in your 20's however.



  • The TAB are happy for you to make money if you are smart enough.

    ^ THIS ^
     
    I like to think this is my approach to sports betting. Not many of my bets don't come off (maybe 1 a week out of say 3-5) but they also don't pay out huge returns. If there is nothing that takes my fancy then I won't bet.



  • A game the TAB rules is 50/50 they give $1.87 odds. That should tell you all you need to know about your chances of making money. You need to be significantly luckier or smarter than the average person to make money. It's almost a bit hubristic to expect to break even. You can create a statistical programme if you want but the TAB's programmes are more advanced. The TAB are happy for you to make money if you are smart enough. They need some lucky people to make money so they can convince everyone else to lose money. If you enjoy it, go for it. Don't expect it to be paying for your travel in your 20's however.

    he hates the TAB, any bet over $1,000 is flagged and often not accepted. Plus they are so slow to update in game options, and even if the total points in the game has exceeded the amount bet on at say the 30th minute they wont pay out until the end of the game. with the overseas sites you get it back straight away and can reinvest..
     
    I think it's bet fair where punters offer their own odds, you can choose from a variety of different people offering different odds. 
     
    He'll often put bets at the start of the game, like total points in the match, total tries etc. If it looks like he's going to lose then he's all over the in game options to cover his losses.
     
     
    He also gets airpoints on the deposits he makes at these sites and travels for free all over the world.. so hes always withdarwing winnings and then reinvesting for airpoints
     
    but agree with both of the above posters, at the end of the day it's gambling and the chance of losing is always there. Like bbarcs I couldnt take the risk.



  • Used to bet quite a bit, mainly on horses but sport as well from time to time.
     
    Have cut back these days, but still have the odd punt if the odds are right. Often I bet against the team I support as a kind of insurance: I'm happy to lose $50 if the Waratahs/Wallabies win (a small price to pay for glory), but if they lose I have some cash to drown my sorrows. My account was in rude health after the England series, especially when the bookies put England as $2+ outsiders each test. And then the Canes were at $2.10 to beat the Tahs... too easy.
     
    If you have a bit of restraint it's good. I'm more than happy not to put down any cash if the odds aren't juicy enough, and I don't need money riding on the game to enjoy it.



  • Scourge on society. Fuck the unending ads on TV, and the odds spots on every footy show.
    Pleaseremembertogambleresponsibly cough
    But not really.



  • Interesting point about the odds being loaded against the punter so, statistically, you would be doing very well just to break even. I've heard stories about betting companies closing the accounts of successful punters. Does anyone know if this is true or just a myth?
     
    Also agree with Barbarian that restraint is needed. I've betted a bit for fun in pretty small amounts it must be said. But the problem I encountered several times was that after I'd win, I'd want to bet again to keep the buzz going and normally then lose.
     
    And as Mariner says, there is too much of it about. It's a bit depressing watching English Premier League games when both teams are sponsored by betting companies and the advertising hoardings in the stadium are flickering with even more betting companie
    s...



  • A smart man would stay away, as there is only ever one winner at the end of the day - or there would be no such thing as betting agencies.
     
    But if you're in it for a bit of fun and prepared to lose your money more often than not, go for it, it certainly does add a bit more spice to the games.



  • Fuck the sports. Bet the horses. That's where ya make your Arthur Ash!!!



  • They absolutely close down successful accounts. One of my best mates is massively in to it, and he's had a few shut down.



  • I love betting on the footy. In all honesty, I probably had a problem with it when I was a bit younger. I bet much less now. That probably ties in with watching less footy too. Funnily enough, my bank account¬†is much¬†healthier now...
     
    A poster once made a thread titled "I should have posted this yesterday..." with details of his winning bet. If that is not the best name for a gambling thread then I'm not here.
     
    I agree there is way too much advertising on television and it really romanticises and normalises it. Kids nowadays are going to grow up thinking it's a regular part of life whereas when I was growing up the TAB was a dingy, smoky hole in the wall that was filled with depressed looking old men watching a flickering screen and then frustratingly tearing up tickets.
     
    If you're looking to dip your toe in then I would recommend against having an app on your phone. It's just too easy to put a bet on. Too many times I have had a gutful of booze and thought it would be a good idea to bet on Filipino basketball or women's Polish handball. It gets a lot more real when you are handing your cash over.
     
    My other advice is to not put too many legs in your multi. You can fill a multi with 10, 15, 20 "sure things" but something is about to come undone.  A mate at the pub is always showing me a multi as long as his arm and wailing about the "sure thing" that should have won but the million to one shot at the end snatched away his pot of gold. Without fail, when I press him a bit more there is always something else that would have lost anyway.
     
    I reckon you should pick 2-4 legs of $1.40 - $1.80 and put a medium sized bet on it. Then again, I am an idiot.
     
    Winning is as simple as holding your dick and running through the minefield. If you make it through let me know how you did it.
     
    Don't chase your losses.
    Don't chase your losses.
    I won't tell you a third time.
     
    "Please gamble responsibly" is a nice way of saying gambling addiction destroys families.
     
    Final point, the punters sometimes have a good idea of what is going on. If you see a handicap drop below, say, $1.80 something is up and it could be worth following the crowd. However, let me repeat myself, I am an idiot. Do not listen to me.
     
    Good luck!


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