Amount Wagered Per Month?

VaultedTreehouse · Nov 10, 2004

I'm not at whale status yet, but I'm wondering what the decent size player on here churns through in a month.

October was a busy month for me, but I bet a total of 62 grand over the course of the month. Came out with a profit for the month of roughly 7.

Goldfish status?

WorldRunner · Nov 10, 2004

Those who have the highest return on their investment are the succesful ones. Doesn't matter how much $$$ you bet or make... IMO.

Fishhead · Nov 10, 2004

WorldRunner said:
Those who have the highest return on their investment are the succesful ones. Doesn't matter how much $$$ you bet or make... IMO.

Please elaborate if you would.

Thanks

bigbet1234 · Nov 10, 2004

I think he is referring to bonus whoreing! Those 20%'s really help his bottom line!!:biglaugh: j/k

Fishhead said:
Please elaborate if you would.

Thanks

VaultedTreehouse · Nov 10, 2004

WorldRunner said:
Those who have the highest return on their investment are the succesful ones. Doesn't matter how much $$$ you bet or make... IMO.

I kind of agree with Fish here in that I don't quite follow the point. At the end of the day a profit is what you're looking for. But if you are betting 10$ a game the amount of possible profit you can earn is miniscule. It takes money to make money. Risk/reward.

jjgold · Nov 10, 2004

Currently I bet about 140k per month (volume)

$5 bettors that hit 56% are just as sharp as guys betting 5k a game and hitting 56%, no difference

I would bet some of your sharpest guys bet less than $10 a game

Amount bet means nothing

valdosta · Nov 10, 2004

....

took a quick look at my pinnacle account last month and it was 5,692.88

PanchoSanza · Nov 11, 2004

Including middling, about $200k/week:105317756

rugby · Nov 11, 2004

I'm in for about 10 g's a month, and that keeps my pockets full of beer money.

Betguy · Nov 11, 2004

Most of the larger fish at our firm wager from 15k-20k per night in NBA. That figure includes straight plays, parlays and teasers. In the long run I try to gross +/- 7.50-8.00% of the total dollars bet year-in and year-out. Win some, lose some... but 8% is our magic number. These guys are what I would consider "squares" that are'nt dangerous like some of the cats (aka sharps) that are lurking around here at this site.

Hope this helps.

Take care,

Betguy :howdy:

earl · Nov 11, 2004

i think................i love your profile pic betguy and i completly forgot the question.

Dante · Nov 11, 2004

last month I bet 678.45 total...in my best estimation

randyrohm · Nov 11, 2004

A few dimes a night. Doing the math I guess I am a books dream, NOT.

REDEYE · Nov 11, 2004

I really don't want to know what I wager each month. It would probably give me a heart attack. But I agree that you have to put some good size money into this to make money

Skyweasel · Nov 12, 2004

Betguy

Betguy said:
Most of the larger fish at our firm wager from 15k-20k per night in NBA. That figure includes straight plays, parlays and teasers. In the long run I try to gross +/- 7.50-8.00% of the total dollars bet year-in and year-out. Win some, lose some... but 8% is our magic number. These guys are what I would consider "squares" that are'nt dangerous like some of the cats (aka sharps) that are lurking around here at this site.

Hope this helps.

Take care,

Betguy :howdy:

Betguy, do you

-limit the sharps?
-boot the sharps?
-do something smarter?

just curious...

THE SHRINK · Nov 12, 2004

IF I were a Bookmaker, I'd LIMIT the sharpies but not throw them out. If they want to clue me in on the RIGHT side for the price I am willing to allow them to bet, then why not?

THE SHRINK

Journeyman · Nov 12, 2004

110,000 wagered last month , kinda strange when I add it up...

Doug · Nov 12, 2004

It varies by approach. Someone playing for middles should bet way more than someone playing for 55% winners. I say bet the whole roll everyday if possible, even do it twice if possible. Know the value of points. Take MLB, for example grab those +115/ - 110 scalps between say Grande and Pinny for limits. Predict line moves, take half points, bet on sports you know nothing about if there's a scalp/ middle available.

Never leave your computer, quit your job, become a Mod. Stop bathing, it wastes time, a line may move !

One day you might be Shrink.

WorldRunner · Nov 12, 2004

bigbet1234 said:
I think he is referring to bonus whoreing! Those 20%'s really help his bottom line!!:biglaugh: j/k

I don't play at books which offer bonuses. I've often said that I wish books wouldn't give them at all. So how about you simply don't say anything at all...when you don't have anything accurate to say.

WorldRunner · Nov 12, 2004

THE SHRINK said:
IF I were a Bookmaker, I'd LIMIT the sharpies but not throw them out. If they want to clue me in on the RIGHT side for the price I am willing to allow them to bet, then why not?

THE SHRINK

It seems like books don't book for 50/50 action anymore. They all do their best to fight for the square to play at their book because they know that over the long run...each and every one of those squares will end up losing big to the book.