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ThreeDot's picture
(Baboon, 126
 
Points)
 on 1/28/12 at 5:30pm

Im not talking about poker or cards, but sports betting. I feel this is something I should avoid bringing up. But it is similar in a way to the environment of trading imo.

What do I do?

Tags:
protectedclass's picture

It is impossible to prove

(Orangutan, 272
 
Points)
  on 1/28/12 at 5:40pm

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it.

Of course, if you wrote a script that searches every bookie, extracts the odds, and calculates existence of dutch books, well then, hell yeah, I would mention that.

protectedclass's picture

It is impossible to prove

(Orangutan, 272
 
Points)
  on 1/28/12 at 5:40pm

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it.

Of course, if you wrote a script that searches every bookie, extracts the odds, and calculates existence of dutch books, well then, hell yeah, I would mention that.

GekkotheGreat's picture

unless you did a statistical

ST
 
Points)
  on 1/28/12 at 6:37pm

unless you did a statistical program that analyze the game and have winning track record to show....

Gambler Daily

Robin Banks's picture

Would not mention sports

 
Points)
  on 1/28/12 at 7:01pm

Would not mention sports gambling.

I have seen poker used to demonstrate risk management skills and quick thinking though. The guy played during college at a target, explained somewhat low GPA, lived off his winnings for a year after doing Duke's MMS.

God of Wine's picture

I would never mention

IB
(Orangutan, 291
 
Points)
  on 1/28/12 at 7:02pm

I would never mention it...had a director of S&T recruiting say the same thing to me...

happypantsmcgee's picture

protectedclass wrote: It is

O
(Almost Human, 9,352
 
Points)
  on 1/28/12 at 7:05pm
protectedclass:

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it..

This is some of the worst fucking bullshit I have seen on WSO in a while. There is plenty of math involved in sports betting (playing one bookie off another ie taking the over for x payout and the under for Y payout on the same game, straight arb plays on props, etc.) You also have to pay taxes on what you win so you can absolutely prove that you won.

General comment; if you don't know what the fuck you're talking about then don't talk about it.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Maverick91's picture

Wait, Happy, this is banking.

 
Points)
  on 1/28/12 at 7:57pm

Wait, Happy, this is banking. This statement, when in the context of banking, seems like an oxymoron: if you don't know what the fuck you're talking about then don't talk about it. knawhatimsayin.

protectedclass's picture

happypantsmcgee

(Orangutan, 272
 
Points)
  on 1/28/12 at 8:14pm
happypantsmcgee:
protectedclass:

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it..

This is some of the worst fucking bullshit I have seen on WSO in a while. There is plenty of math involved in sports betting (playing one bookie off another ie taking the over for x payout and the under for Y payout on the same game, straight arb plays on props, etc.) You also have to pay taxes on what you win so you can absolutely prove that you won.

General comment; if you don't know what the fuck you're talking about then don't talk about it.

Arbitrage, when referring to gambling is called a dutch book. Something, I explicitly mentioned.

General comment, if you are going to troll, know what the fuck you are talking about.

Judge Reinhold's picture

I mentioned poker on my

(Monkey, 42
 
Points)
  on 1/28/12 at 10:12pm

I mentioned poker on my resume, have interviews coming up. GOOOOOD LUCK

mass_marines's picture

sports betting and poker are

(Baboon, 139
 
Points)
  on 1/28/12 at 10:28pm

sports betting and poker are two different worlds. Don't mention sports betting.

happypantsmcgee's picture

protectedclass

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 11:10am
protectedclass:
happypantsmcgee:
protectedclass:

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it..

This is some of the worst fucking bullshit I have seen on WSO in a while. There is plenty of math involved in sports betting (playing one bookie off another ie taking the over for x payout and the under for Y payout on the same game, straight arb plays on props, etc.) You also have to pay taxes on what you win so you can absolutely prove that you won.

General comment; if you don't know what the fuck you're talking about then don't talk about it.

Arbitrage, when referring to gambling is called a dutch book. Something, I explicitly mentioned.

General comment, if you are going to troll, know what the fuck you are talking about.

Yea, I'm the one that doesn't know what I'm talking about. 'Oh, you can't prove you won.' Dumbass, guess you don't pay taxes on gambling winnings, you can just leave vegas and that shit all belongs to you, right? Thats how it works? Please explain it to me since you're obviously so much fucking smarter than I am. There is no math in sports betting but only because you're too stupid to figure it out.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Judge Reinhold's picture

In any event, the purpose of

(Monkey, 42
 
Points)
  on 1/29/12 at 11:25am

In any event, the purpose of this post is devolving. In truth, you can mention just about anything on your resume if you can spin it in a positive light and show why X is relevant to the position you are applying for. Sports gambling may rub a certain person the wrong way or sports gambling could be a great conversational piece. It's completely dependent on the person looking at your resume, so arguing whether it's smart or not is like a pissing contest. It's not like this guy is putting "Interests: Dissects cats."

protectedclass's picture

happypantsmcgee

(Orangutan, 272
 
Points)
  on 1/29/12 at 11:53am
happypantsmcgee:
protectedclass:
happypantsmcgee:
protectedclass:

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it..

This is some of the worst fucking bullshit I have seen on WSO in a while. There is plenty of math involved in sports betting (playing one bookie off another ie taking the over for x payout and the under for Y payout on the same game, straight arb plays on props, etc.) You also have to pay taxes on what you win so you can absolutely prove that you won.

General comment; if you don't know what the fuck you're talking about then don't talk about it.

Arbitrage, when referring to gambling is called a dutch book. Something, I explicitly mentioned.

General comment, if you are going to troll, know what the fuck you are talking about.

Yea, I'm the one that doesn't know what I'm talking about. 'Oh, you can't prove you won.' Dumbass, guess you don't pay taxes on gambling winnings, you can just leave vegas and that shit all belongs to you, right? Thats how it works? Please explain it to me since you're obviously so much fucking smarter than I am. There is no math in sports betting but only because you're too stupid to figure it out.

If you think the OP frequents Vegas enough to legally sports bet, and has enough time to go to various books to calculate dutch book opportunities, AND he documents the wins on his taxes well, I have some nice ocean front property to sell you in Kansas for cheap!

happypantsmcgee's picture

protectedclass

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 12:09pm
protectedclass:
happypantsmcgee:
protectedclass:
happypantsmcgee:
protectedclass:

It is impossible to prove that you are a winning player, so no, do not mention it, as there is very little math involved in sports betting, since a -EV bet is -EV no matter how you spin it..

This is some of the worst fucking bullshit I have seen on WSO in a while. There is plenty of math involved in sports betting (playing one bookie off another ie taking the over for x payout and the under for Y payout on the same game, straight arb plays on props, etc.) You also have to pay taxes on what you win so you can absolutely prove that you won.

General comment; if you don't know what the fuck you're talking about then don't talk about it.

Arbitrage, when referring to gambling is called a dutch book. Something, I explicitly mentioned.

General comment, if you are going to troll, know what the fuck you are talking about.

Yea, I'm the one that doesn't know what I'm talking about. 'Oh, you can't prove you won.' Dumbass, guess you don't pay taxes on gambling winnings, you can just leave vegas and that shit all belongs to you, right? Thats how it works? Please explain it to me since you're obviously so much fucking smarter than I am. There is no math in sports betting but only because you're too stupid to figure it out.

If you think the OP frequents Vegas enough to legally sports bet, and has enough time to go to various books to calculate dutch book opportunities, AND he documents the wins on his taxes well, I have some nice ocean front property to sell you in Kansas for cheap!

There are 3 guys in my group that bet enough through online books that they all have to file taxes on their winnings every year. Shit is not that uncommon. Get used to selling shitty real estate in shit hole locations though.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

protectedclass's picture

Actually, rather than argue

(Orangutan, 272
 
Points)
  on 1/29/12 at 12:27pm

Actually, rather than argue with a person that thinks personal anecdotal evidence is enough to win an argument.

I'd like you to show me the math for a super bowl bet that has positive mathematical expectation after the vig. You can use every sports book on the internet.

happypantsmcgee's picture

protectedclass

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 12:37pm
protectedclass:

Actually, rather than argue with a person that thinks personal anecdotal evidence is enough to win an argument.

I'd like you to show me the math for a super bowl bet that has positive mathematical expectation after the vig. You can use every sports book on the internet.

Its honestly not worth my time to go through a hypothetical with you. You claimed to be the expert so I'm assuming you want me to give you some sort of scenario so that you can go through and use what pittance of knowledge you have to piss and moan about it. Whatever the case, the guys I know, myself included, run at about 5 - 8% PV and have for the last few years. We all file taxes on it and I have never lost money in a month. You're probably so much smarter than me surely you have it all figured out.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

protectedclass's picture

My expertise is that 90% of

(Orangutan, 272
 
Points)
  on 1/29/12 at 2:02pm

My expertise is that 90% of sports bettors lose, and those that say they "never lost money in a month" are some of the biggest losers. Both in terms of money, and in terms of being pathological liars. And when push comes to shove to "prove" they are winning or can prove that they can win in a mathematical way, they claim it's "not worth the time".

OP, heed this advice, do not put sports betting on your resume. There is no advantage to it. Barely any upside and infinite downside. You will end up looking like happypantsmcgee.

happypantsmcgee's picture

Yea I am a pathalogical liar

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 3:12pm

Yea I am a pathalogical liar and you have it all figured out. To the OP, this is something a guy that used to write for the site did awhile back.

http://www.wallstreetoasis.com/blog/a-sports-book-grows-on-wall-street

If I had asked people what they wanted, they would have said faster horses - Henry Ford

illusion38's picture

Yikes this got off topic

ST
(Monkey, 44
 
Points)
  on 1/29/12 at 3:12pm

Yikes this got off topic fast. Anyways if you feel confident that your betting ability is a skill, and takes mathematics and risk management and puts you in stressful situations, fine mention it. But just be damn ready to back it up. On a side note since you started to get a little cocky once people started to play with you, if you never have a losing month....why not take a huge loan and skip the whole "job" idea and live off betting...... Cause your oh soo good :-)

happypantsmcgee's picture

illusion38 wrote: Yikes this

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 3:17pm
illusion38:

Yikes this got off topic fast. Anyways if you feel confident that your betting ability is a skill, and takes mathematics and risk management and puts you in stressful situations, fine mention it. But just be damn ready to back it up. On a side note since you started to get a little cocky once people started to play with you, if you never have a losing month....why not take a huge loan and skip the whole "job" idea and live off betting...... Cause your oh soo good :-)

Plenty of people do it but I like my job and I don't move the kind of size that other guys do. I love that you guys act like this shit is impossible and that no one could possibly gamble on sports professionally. Plenty of people do it.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Working9-5's picture

http://www.cbsnews.com/video/

ST
(Orangutan, 342
 
Points)
  on 1/29/12 at 3:30pm

http://www.cbsnews.com/video/watch/?id=7253011n

Don't know if many of you guys know Billy Walters. He has never had a losing year betting on NFL and NBA. Take a look at the 60 Minutes story if you don't know the name.

CNBC sucks

"This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up

happypantsmcgee's picture

Working9-5

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 3:38pm
Working9-5:

http://www.cbsnews.com/video/watch/?id=7253011n

Don't know if many of you guys know Billy Walters. He has never had a losing year betting on NFL and NBA. Take a look at the 60 Minutes story if you don't know the name.

Bullshit. He's obviously a liar.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

protectedclass's picture

He has had losing months.

(Orangutan, 272
 
Points)
  on 1/29/12 at 3:55pm

He has had losing months. You haven't, and you have been doing this for years. Obviously, you must be the best sports handicapper in the world.

happypantsmcgee's picture

protectedclass wrote: He has

O
(Almost Human, 9,352
 
Points)
  on 1/29/12 at 3:58pm
protectedclass:

He has had losing months. You haven't, and you have been doing this for years. Obviously, you must be the best sports handicapper in the world.

He's done it for 30 years I have done it for 2. Either way, you're clearly superior to me in every way.

If I had asked people what they wanted, they would have said faster horses - Henry Ford