/biz/ - Business & Finance

>>26490738
kek

>>26490738
Because the game is literally rigged against you from the start.

>>26491163

Poker isn't. Neither is sports betting.

>>26491203
Holy shit you’re a retard. Sports outcomes are rigged.

>>26491203
Yes it is. Look up “Card mechanic”

>>26491316

No, that is incorrect. Look at UFC, nothing is riggeed there. Just raw talent battling.

because losses are more painful than gains are pleasant, and you're as likely to lose as you are to gain

>>26491408

Makes sense.

>>26491203
There's rake in poker.

Of course sports books are rigged. Why do I have to put up $105 to win $100 on a literal coin toss?

the only way to do it professionally is to pretend its just a hobby/sidegig

>>26491553

More like, the only way to do it is to have a bank roll.

>>26491516

Not every game is 50/50 tho, you gotta pick who has almost a 100% chance of winning.

>>26491397
One would be hard-pressed to find a worse example of an unrigged sport.
One of my classmates' dad went to vegas a couple of times a year (from central europe) and raked in enough to last the family the rest of the year. Both him and his dad have a gift for math. His mom had him when she was 17.

>>26492383

Sounds like he just got lucky.

>>26492222
checked gonna bet all my money on the superbowl winner

>>26490738
the only casino game that a patron can gain an advantage in is blackjack and that is only by being an advantage player. it can be stressful if it isn't something you're really into doing. the gains aren't great and you're subject to some pretty wild swings because thats just the nature of what you're doing and you'll need the capital to ride it out. poker takes a rake. everything else is slanted against you (BJ too, but AP is possible)

>>26492856
Sorry, meant to say "goes". As he's been doing this for 20+ years and supporting the family solely off gambling gains. Living in a fancy apartment complex with a pool. Not a house, but still. My classmate was the most spoiled child I knew.

>>26492222

>>26492943

Can't you beat the rake though, since your playing against other players? I mean I think 1/2 it's almost impossible but I'd imagine 2/5 is beatable.

>>26493102
just depends entirely how much you're winning and how much the rake is taxing you. i don't really know if poker hands have +ev/-ev hands or how the betting works in their game, it's not something I ever seriously played in a casino, only as a thing amongst friends.

>>26492222
haha

>>26490738
What are you talking about? Options trading is EZ

>>26492222
You sound like a fucking retard.

Obviously certain teams are favored and that's why they offer lower returns. For the same reason the underdog offers higher returns. It doesn't matter. Bookies take the "true odds" and design the returns such that it's +EV for them and -EV for you. That's why you have to put up $105 to win $100 on the coin flip. Coming up with the "true odds" is difficult and sometimes they're wrong - that's why "professional" sports bettors exist. I never said it's impossible to win. I said the game is rigged from the start, which it is.

>>26493471

Man, how can anon's get baited so hard?

>>26493358

I'm not sure if they are that easy.

>>26493524
>I was only pretending to be retarded haha

>>26493731

Oh yes, I have no idea what the vig is and how oddsmakers set the line.

It's not all that hard if you study and trust the math. Professional gambling is about consistency over time.

>>26493358
Pretend I'm retarded and gimme the qrd on options. Let's say I buy 100 shares and then a couple days later my stock hits the strike price...do I have to sell the shares? Or do I just profit?

Fuck this thread, and fuck newfags!! Why do you write such stupid shit about things you obviously don’t understand?

>>26493935
you ARE retarded and should dyor

>>26492222
>you gotta pick who has almost a 100% chance of winning.
you are so stupid it hurts

>>26493941

Pussy, why are you wasting your time posting here then if you aren't gonna provide any meaningful posts?

>>26493935
You don't have to sell when the strike price is reached.

>>26493984
that's what I'm trying to do nerd.

>>26494068
Thank you anon. I think I have failed, I was hoping SRPT would hit $110 by January 29th...my first attempt at options trading, while not even knowing wtf I was really doing.

>>26494041
Make me

>>26493909
what math you need to study
gib me sum books

Because you either have a baked in disadvantage or you lack good information.

If you want to make money sports betting I would bet parlays with minimal stakes where EV is positive. Closest thing to margin you can get and with some reasonable permutations you can clean up nicely.

>>26494295

With options, you are purchasing or selling a contract. The contract is to buy/sell a certain stock and a certain price within a certain amount of time.

>>26491203

Poker is almost entirely an RNG game with *some* skill involved. If I wanted to gamble (which I sometimes do) I'd just do a table game or hell, even slots. Gambling is all about lady luck and that should be embraced when doing it. That, and getting free drinks.

Now, if casinos had, say, streetfighter or some other sort of competitive skill-based multiplayer game without the RNG element, I'd be more interested.

>>26494424
Certain sports sometimes have moneyline bets where the underdog is so heavily bet against that it doesn't make sense in something that should be an approximation of 50/50. American Football is particularly known for this and generally anywhere from 1-3 times a season the underdog will win at multiples that are 10x-20x the wager. I would generally always bet those underdogs with some small pittance.

>>26494432
Ah so it is like P2P? Like somebody put in an order to buy 100 shares of SRPT if it hits $110 and I am virtually holding the shares for them?

>>26491203
Poker is still rigged because of the rake. You have to be extremely skilled to make decent money.

>>26494486

I don't think that's ever going to happen, I do think it would be awesome if they had some electronic competitive games to play against people but I just don't think there is a gigantic market for it. People are dumb drooling retards who enjoy sitting slackjawed infront of a slot machine pressing a button, aunt gertrude isn't going to go to the casino to play a fighting game against some asian kid.

I think machines like this can/should exist, but I'd imagine seeing them in a mall/arcade. And we all sadly know that arcades are dieing.

>>26494658
Extremely skilled + have a big bankroll to outlast the variance

>>26491203
in poker you have to be the best or 2nd best player on the table if you want to make real money, if you're not the high IQ analytical type you won't make it

>>26494686
People have pitched these kinds of machines at trade shows before and I have talked with people in coinop arcade games with that exact concept. IGT and Konami both flat out said no. Aristocrat has some sort of skill based patents but it is way too out there as of yet and slot machines are proven money makers with baked in addictive features.

It’s bad enough that there are no coin pushers or pachinko machines in the United States.

>>26490738
VIDEO POKER IS BEATABLE/

>>26490738
WHY THE FUCK IS ROOBET ILLEGAL IN THE US????????????????????????????

>>26494721

The problem with poker is that even with being the best at the table, luck can still fuck you in the ass and still is the deciding factor of who wins/losses. You get AcKd, open for $15 and get 2 callers, flop AdQd2h. You bet big to get calls from Ax/FDs, around pot, one of the tard monkeys raise to $100. You have TPTK with a BDFD and just decide to get it in, knowing that the V makes plays like this with worse and FDs, you rip in $300 and V snaps and quickly flips over AQ. It runs out 2J and you lose around $400 bucks.

Now let's say that's just 1 buy-in. It's not unheard of to swing 10-20 buyins normally due to "variance". So you could go on an 8k downswing while still being the best at the table/playing the best.

It's a dumb fucking game, and there's a reason why everyone that plays it live is a mouthbreather.

>>26494803

I'm prob going to make a machine for fun sometime, there is new PA skill game regulation that heavily favors these skill games. I can definitely see big companies not be interested at all, you would either have to have all the machines connected so they can play eachother online or have decent game tournie buyins and high turn over rate. I don't think the machines would be able to dispense cash either, unless you have a gambling license.

>>26494686

I've actually looked into this a bit and they have started trying to win millennials over, because boomers will eventually all be gone. And I have been unimpressed with what ive seen because most seem to fall into a 'slot machine but with a videogame instead of pulling a lever' mechanics, as in skill based videogame that does RNG gambling whenever a 'point' is scored, or something. Which is fine as a feature for people already in the casino but I fail to see how that would attract millennials. That said, they got this Pacman game whitch is a good start.

https://www.youtube.com/watch?v=7ROQpa1WA-4

>>26495068
If you can get a prototype I can put you in contact with manufacturers and lots of coin op people.

If it was easy everyone would be a pro gambler.
The truth about gambling is you have to be an absolute machine in your skills. You’re entering a pool of math autists scammers & criminals. 95% of poker players come out losing at the end of their sorry “careers”. You wanna be in that 5%? Go back in time & study for a lifetime or figure out a clever way to cheat without getting caught. Or just become one of the best mathematicians bro (you won’t anon, stop lying to yourself)

The 95% rule applies to many things. Day trading, small business, any type of gamble really.
No, the common pro gamblers career is several big wins & hundreds or thousands of small losses. It’s the best way to spend months or years of your life to slowly lose thousands of your initial investment. All while claiming you’re big wins actually make you better than you actually are. Average & losing as u go broke by a thousand papercuts.
If you have a lucky career as a losing player you get a couple seasons of worthless limelight & u can fan boy as you rub shoulders with perma-virgins whores & scumbags before you die alone or commit suicide

t. Failed poker player

It's actually fucking easy

>>26495330

Based post. I'm a failed player too, and if I spent the time studying instead of just playing by "feel" and clicking buttons, I would probably be up way more money than I am down now.

>>26494486
You're dumb.

Poker is only RNG based hand to hand, in the longrun it's 99% skill.

The longer you gamble, the more the house edge get's you. So technically the best way to gamble is to put all your money on a single bet, and even then the house still has an edge over you, and going all in just to lose anyways means you wasted a whole trip to the casino.

>>26495464

Tell me how long the "long run is" then. Do you think it is actually possible to reach "the long run" while playing live and without tilting? Because I don't think it's possible unless you have no emotion whatsoever.

>>26494486
you have no idea what you're talking about

>>26495459
Luckily I’m only down abt 2k lifetime. Spent 2000 dollars to waste my early 20s on my computer at night & sleeping during the days.

>>26495537
>>26495464

Stay salty that I would rather play slot machines than delude myself into thinking poker is largely skill based.

>>26494960
Did you really have to spout a bunch of poker lingo and come up with an entire hand history to explain that bad beats happen? No shit bad beats happen. It's fucking gambling. And it's the reason poker is profitable to play in the first place. If the fish ALWAYS lost they wouldn't play.

Let me guess, this post was "bait" too and you were just pretending to be retarded, again.

>>26495529
This, in “the long run” 95% of players lose their shit & ruin their potential ev for months. & then the next week they do it again & again kek

>>26495592

Yea that's just a bad sessions worth. I'm prob down 100k lifetime. Think I'm just going to invest instead of trying to beat the game.

>>26490738
Because at the professional level your odds of winning are literally 1 divided by everyone else at the table.

So now I'll leave it up to you to figure out if that risk/reward works out in the end (it doesn't)

>>26495610
Why the fuck would I care if you burn money at slots? Go buy some lottery tickets while you're at it, just stop posting retarded opinions on subjects you know nothing about.

>>26495702

I'm sure your soooooo good at reading peoples pokerface, anon.

>>26495690
Lol at 10nl it was years of bad sessions worth

>>26495642

I'm trying to make the point that variance can be a bitch.

>>26495684
True.

But that's because 95% of poker players are unskilled, unprofitable players. Doesn't mean it's not a skill game.

I know several people who play poker full time. They support themselves 100% off poker and have been doing it for YEARS.

I know more who tried, and failed.

>>26495798

Oh my bad.

>>26495817

I think tournies are actually much easier to beat, I wouldn't be surprised if all your friends were multitabling tournies. Cash is a lot more retarded, live cash especially.

>>26494631
Not necessarily unless you're talking about level 4 options which I'm assuming you aren't. An option means you have the ability to exercise an order for 100 shares per contract before the expiry date of the option. So if you buy a call on let's say Best Buy and it's a call for $40 that means that if its price rises above that you could exercise your call* but you don't have to. For calls you want the price to be at least a bit above the strike price so you can break even, this is due to functions with the premiums of options that really do deserve their own reading so I wont get into them.

*Technically american style options always allow for a contract to be exercised

>>26490738
it's really not

stop losing, start winning.

>>26496129
Just looked it up apparently best buy trades for $110 a share so you'd never find a $40 option for it right now. I assumed it would be like $30 or something oh well.

>>26492222
nobody tell him about 11 to 10
>>26491516
rake is beatable it just sucks. i pay $40k a year in rake.

They don't build giant casinos in the desert wasteland off of all the winners they get coming through. The house doesn't have to cheat to get your money. The odds are clear to you up front if you want to see them, and they are always against you.

Gambling, much like inflation or leased cars, is a method of extracting wealth from the stupid to the able.

>>26490738
It's not. Just keep going until you make it or have nothing. If you lose it all, re-build.

Also, look into API3.

that is all.

>>26496711

How the hell do you beat inflation then? I do agree about the leased car thing.

>>26496950
>How the hell do you beat inflation then?
Pharma meme stocks.

>>26497019
lol every boomer is doing that though.

>>26493471
your newfag is showing

>>26497611

Lol.

>>26490738
Depends what u mean by professional. Anyone can make 60-100k a year playing cash 1-2 2-5nl live if they train for a little while. And to all those saying poker is luck you are retarded lol.

>>26490738
Because it takes so long and it's boring as fuck. You have to be a real loser to spend your whole life at the betting table.