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Any of you have any experience / know someone / a friend of a friend / or actually doing it?
Just wondered
he waited until people would log on at evenings and weekends after pub/club closing times and play against the really drunk people. as they were taking more risks than they normally would and he was keeping his cool he cleared up.
clever boy..
You can make a living off of anything. Especially if you are good at it.
He does alright as a hobby.
I do teh Betting exchnages and make alright, wouldnt want to go full time without a huge sum behind me.
So in my experience seeing what others have done, yes it can be done. Don't imagine it's easy though. Who wants to be playing poker against advanced statisticians?
Casino games, unlikely. Besides blackjack and counting. You can't count online.
Poker, yes.
Sportbetting, yes.
The second two allow you to take advantage of information asymmetries.
Playing poker online and playing poker at a table are two very different animals, though. The obvious being... you can sit in your underwear and scream when you are dealt a good hand online. At a poker table with real people, you need to be looking for the guy that screams, blinks, shifts, or attempts any of those things in a misleading manner. People who are good online have new skills to learn when they decide to play at tables.
IMO, it's also easier for people to lose money online, play while drunk, etc. The money /chips become less real when it isn't actually sitting in front of you, and you don't have to look at the person you just handed it to (or everyone else at the table) after doing something really stupid.
I think the casual probability theorist is better off online. The waters are warmer. There are probably big money table players who hate playing online, since people play differently than they are used to seeing at physical tables.
I saw a book recently at the local bookshop about a couple of youngers from an American university who had a string of wins in Vegas.
It's called "Bringing Down the House". It's a pretty good book, although the author is feeling some heat after working on another book and the details are a little less than believable.
I know someone who sold his shop to play online for a living, he does well
Odds are 9 to 6 that he's an addicted gambler who lies to justify his problem. I'm more familiar with penny stocks. Most of the players are a pretty sad lot. Over the long run, none of them do well.
A few years ago there was a best selling book by the Bairdstown Ladies Investment Club that talked about the method some elderly babes had used to beat the market. Turned out they had vastly overstated their results. The ladies didn't even match the S&P.
They weren't lying; they really thought they had done well. Their publisher eventually hired a CPA firm to attempt to verify their success. In the end, the story was kinda sad.
I find if they have a win or doing well they say things are tough, I guess they are scared you will ask them for money? and if they are doing badly they make out they are doing fine as the don't want to be seen as a loser...
And actually I found myself doing this with my own GF ..
I just play poker for fun , but found myself up $200 off an initial 30$ stake ... as I was learning I subsequently lost this and went in to a - $200 ..
So when she asked how I was doing, to avoid any grief I just said I was up $200, which I was, at one point lol ...
Then again maybe you shouldn't believe me, I could be lying ;)
Casino Games
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Games of pure chance such as Roulette can NEVER be beaten. Those games have a negative edge and thus, in the long run, the money will always flow towards the house.
Don't believe anyone who says there are systems to do with staking, or following numbers - online casino's can not be beaten.
There is the possibility that you can beat a bricks and mortar roulette table by using a computer to calculate the velocity of the wheel and ball, and thus estimate in which quarter of the wheel the ball will land but as you are asking about online games that's a different subject.
Poker Games
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This is a game where the masses of punters are being fooled into thinking they can win. My advice is to NEVER play online. If you like poker then go and play with real people at the casino or at a mates house and practice your skills there.
Why? Because Poker is all about body language. It's your ego against another persons ego. It's your courage against another persons courage. When playing online you have no feedback about your opponent - all you see are pixels. Playing against real people you smell their fear, you see their nuances and that influences the bets you make.
Forget online casinos. It's one big scam which will end in tears. If you do want to play those games then go to a real casino. Hey, you may lose the same amount of money but at least you will get free drinks and check out some good looking birds at the same time.
Many I suspect are borderline sociopaths.
Stats were my thing while a student although only a small part of my course I loved them to bits, horse racing was the ideal medium to express this interest.
Every Wednesday afternoon I used spend in the bookies, not gambling just watching the sorts that came through.
It was like a small sample of society, very mixed down social and racial lines and EVERYONE in there was very polite and talkative to complete strangers.
Yet when they left the shop..... Tis a funny old world indeed.
If you say your kid was the first to clone a human, you'll find a publisher somewhere.
Does anyone suppose those how-to gambling books are written by especially truthful authors? LOL
Poker Games
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This is a game where the masses of punters are being fooled into thinking they can win.
That's true, they but can be taken advantage of by more experienced players. That happens at the tables too.
When playing online you have no feedback about your opponent - all you see are pixels.
You have feedback. It's just different. Betting patterns, hand frequency, how fast they pop the raise button, what cards you find them likely to play, etc. It depends on what you're playing, too. If you're sitting at a NL table with 5 people with $3000 each at the table, they don't let it go easily. If you're playing $1-$2 limit, you might as well be rolling dice with each other.
Forget online casinos. It's one big scam which will end in tears. If you do want to play those games then go to a real casino.
That depends on what game you want to play. There are many reputable online casinos. You'll still get ground down by the odds long term, but you will in a land based casino too. Payout percentages on games such as slots are usually much higher online than they are in a land based casino. Something like video poker will be exactly the same. But, I'd rather be in a land casino, myself. Playing a "table game" like blackjack or craps online takes the fun out of it for me.
I never heard that about the beardstown ladies. I just heard the original story... have to go look that up now.
Oh... and that Oprah thing was just excrutiating. What a spanking she gave the guy eventually.
Oh... and that Oprah thing was just excrutiating. What a spanking she gave the guy eventually.
Last I heard that book had dropped to SECOND place on the best seller list. LOL!
You can make a forture passing off fiction as fact. The book "Amityville Horror" was based on "true and verified" happenings. Yet when the hit movie came out a few years later studio lawyers included a disclaimer about how much of the supernatural stuff was true. Probably none of it.
People have lived in that haunted murder scene house for years and only the couple who wrote the book ever saw a ghost!
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Remember Clifford Irving's "authorized bio" of Howard Hughes. Irving never thought that HH would go on national TV to call the book a scam.
Last I heard that book had dropped to SECOND place on the best seller list. LOL!
Haha. Yeah. I doubt it's been a financial spanking for him. I'd just never seen the ultra-understanding Oprah go after someone like that. I even heard a radio interview with The Smoking Gun guys saying they thought he was bloody enough after the first 15 minutes.
Funny, though, that people were first reading it because it was in the book club, and now they read it because he's the guy that really ticked off Oprah. The second made a lot more news than the first.
Hmmm... back to the lab. I need to come up with a website that will make Oprah more angry than she's ever been. ;)
