What book would have to go under, for you to quit gambling ?

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Nirvana Shill
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It wasn't a shop that got me to quit, it was Neteller. I need alot better system in place so I can make moves like I use too.I'm willing to stay out as long as ity takes.
 

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the STARDUST is gone, BETONSPORTS is no more, a couple of my locals have been busted back in the day. The day I stop betting sports is the day I DIE.
 

MrJ

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How come J?

Chance to work at a hedge fund. I was originally looking for some experience or mentoring as a trader, and I was offered more if I can cut it.

This business is waaay to easy to make money at.

It seems that way at first when you use martingale, but for nearly everyone who does it will end up in tears.
 

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Chance to work at a hedge fund. I was originally looking for some experience or mentoring as a trader, and I was offered more if I can cut it.



It seems that way at first when you use martingale, but for nearly everyone who does it will end up in tears.


How did you get offered a job like that? Do you gave a degree in Finance? Did you bring up your sportsbetting experience at all? Would love to do something like that but have no idea how to get into it as I only have a degree in Political Science, which has essentially proven worthless.
 

MrJ

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The classic "it's who you know" as I've got no qualifications or experience. The gambling background was actually where the interest came about, as that's what the person was looking for. My impression is that he's looking for someone with a certain-type of thought process, one he feels successful bettors are more likely to have.

I was pretty surprised with his view on gambling, so I think the history could certainly help if the right person is reading the resume, but I'm guessing it could hurt you just as much.

As for getting a job in this line of work, apart from knowing someone I'm guessing you'd have to enter a program, or start trading yourself and keep an online record.
 

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The classic "it's who you know" as I've got no qualifications or experience. The gambling background was actually where the interest came about, as that's what the person was looking for. My impression is that he's looking for someone with a certain-type of thought process, one he feels successful bettors are more likely to have.

I was pretty surprised with his view on gambling, so I think the history could certainly help if the right person is reading the resume, but I'm guessing it could hurt you just as much.

As for getting a job in this line of work, apart from knowing someone I'm guessing you'd have to enter a program, or start trading yourself and keep an online record.


Nice. Unfortunately I don't know anyone. I've heard (I believe on here actually) that guys have mentioned their experience gambling in interviews to get jobs in commodity trading or the like.

From what I remember you do (or did) the same type of thing as Iceman correct? And did it for a living?
 

MrJ

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Sean - Sydney. What are you up to these days?

Unfortunately I don't know anyone

If this hadn't fallen into my lap I'd continue to sportsbet and just trade with my own capital. There's bound to be people who know people on the more popular trading forums, and there's bound to be opportunities for profitable traders.

From what I remember you do (or did) the same type of thing as Iceman correct?

Still the same key concepts, although my approach is a little different these days. And yes it's been my living. You do something similar don't you? It's been a while since we've had one of those Iceman threads that give you an idea of who is doing what.
 

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If this hadn't fallen into my lap I'd continue to sportsbet and just trade with my own capital. There's bound to be people who know people on the more popular trading forums, and there's bound to be opportunities for profitable traders.


What forums are these? You mean for stock or commodity traders or
are there actually forums for what I often refer to as "the Ice approach"?

Still the same key concepts, although my approach is a little different these days. And yes it's been my living. You do something similar don't you? It's been a while since we've had one of those Iceman threads that give you an idea of who is doing what.


I basically do the same thing as Ice, but not nearly as extensively as I don't have the time. Decided to focus on the one area I feel is most effective (highest win % and ROI): college hoops totals. This approach works in pretty much all sports but I think college hoops totals tend to give the best results in terms of ROI and the like (maybe your records disagree?) How does your approach differ from Ice's? Do you fade the late moves at sharp books rather than follow them at slow ones?
 

MrJ

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What forums are these? You mean for stock or commodity traders

Yes.

How does your approach differ from Ice's?

Ice (at the time of his posts) emphasised beating the close line, while my emphasis is on getting the best price. Similar, but also very different. The goal is the same - getting in a good position relative to the market, but it can lead to very different bets.

Do you fade the late moves at sharp books

It depends on how you define a late move, but generally no. I do fade a lot of moves, but they're generally during the day or evening.
 

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What forums are those?


Ice (at the time of his posts) emphasised beating the close line, while my emphasis is on getting the best price. Similar, but also very different. The goal is the same - getting in a good position relative to the market, but it can lead to very different bets.

Yeah, I do what Ice does then, as I'm not able to bet during the day while at work. I just try being on from around 6-8pm Eastern time every night (starting about an hour before the first games go off).

What sport do you find to be most profitable for this approach? Do you have stats for each sport with a separate ROI for each? I know most people (with Ice as an exception) don't love to dole out too much information on a public forum, but I'd love to see a list of sports with an ROI for each.
 

MrJ

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What forums are those?

No idea of the best ones, I haven't really done much research on internet forums.

What sport do you find to be most profitable for this approach?

I've only done it in volume for mlb and basketball, and they can't really be compared. MLB I was usually speculating about line moves, while basketball I was usually betting at a slow-moving book after a line move.
 

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basketball I was usually betting at a slow-moving book after a line move.


Have you found a certain league/type more successful than others? NCAA totals? NCAA sides? NBA sides? NBA totals? What order would you put those in?


Sorry for playing 20 questions, but I'm always looking to improve my game.
 

MrJ

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Have you found a certain league/type more successful than others?

CBB by a mile due to the number of games and the market volatility. Totals were more likely to be off but betting limits were a problem, so sides were my biggest earner. NBA was still worth a look, although I mostly ignored whole game totals. Overall, the majority of my bets were sides as I paid more attention to them due to betting limits.

If the new line of work doesn't work out, there's a number of new things I'd like to try. I didn't do nearly as much work as I should have last winter.

Sorry for playing 20 questions

Questions are good, but me being a little vague doesn't help. I'm a littel guarded as my mlb '08 strategy is delicate (I'd be insane to post it in public) and I might have to come back to it if things don't work out.
 

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CBB by a mile due to the number of games and the market volatility. Totals were more likely to be off but betting limits were a problem, so sides were my biggest earner. NBA was still worth a look, although I mostly ignored whole game totals. Overall, the majority of my bets were sides as I paid more attention to them due to betting limits.

If the new line of work doesn't work out, there's a number of new things I'd like to try. I didn't do nearly as much work as I should have last winter.



Questions are good, but me being a little vague doesn't help. I'm a littel guarded as my mlb '08 strategy is delicate (I'd be insane to post it in public) and I might have to come back to it if things don't work out.



Yeah, if I had to rank them, it would be as follows (not taking betting limits into account, which isn't a problem for me):

NCAA totals
NCAA sides
NBA sides
NBA totals


Never totally got into MLB betting other than occasionally taking leads and then scalping back later, unlike NCAA hoops, where I stick with the off line obviously.
 

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