Gambling With an Edge

Bob and RWM - What have we been up to?

11 snips
Dec 25, 2024
At the end of 2024, two gamblers reflect on a year of intense activity. They dive into the U.S. sports betting scene, revealing the complexities of partnerships and surprising mistakes even seasoned bettors make. Personal anecdotes from slot experiences highlight hustling strategies and the ever-evolving slot landscape. There's also a fun discussion about hard-boiled detective novels intertwining with Las Vegas flair, including the joy of listening to audiobooks while gaming. The humorous battle between physical books and Kindles adds a lighthearted touch.
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ADVICE

Betting Partnerships and Movers

  • Bettors often partner with people in other states to access more betting opportunities.
  • Richard's role as a "mover" involves partnering with originators and distributing bets to other partners.
ANECDOTE

Partnering Challenges

  • Richard avoids partnering with strangers due to potential issues like exceeding agreed-upon bet limits or betting at sharp sportsbooks.
  • These actions can move the line and negatively impact the partnership.
INSIGHT

Fundamental Gambling Mistakes

  • Unlike old-school blackjack players, many successful sports bettors gamble on games without an edge.
  • Some lack a basic understanding of gambling concepts like variance, EV, and Kelly betting.
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