Dear Spencer, I appreciate your videos, but I totally disagree with all this VPN sponsorship. I guess vpn companies who advertise on YT are preying on customers with zero information about network security and stuff. Describe a threat that is not necessarily threatening to this user, but on the other hand, there are tons of malacious security threats around the internet when VPN just simply useless. That's why I think this VPN advertisement is fraudulent in some way.
There comes a point where people should question how so many “touts” are crushing it in Vegas. Casinos make hundreds of millions of dollars. If these bettors are making so much, they’d be worth billions of dollars.
A handful make any real money, and then it’s a constant struggle against the casinos to be able to actually place the bets, since the books will ban any accounts that are winners. A lot of these “gurus” don’t even make any bets (if they were actually successful, they were personally banned long ago), they only sell the picks
When I worked on yachts we had a yacht charter that was made up of these sports bettors and their wives/girlfriends. These guys spent a bunch of money but they were so deep into sports. Like rarely are TV's used on yachts, but these guys were in the skylounge constantly watching games. We had to keep the yacht in certain spots because we had to keep the satellite signal for the TV strong. This was back in the early 2000's and smartphones and such weren't around. These guys were plugged into satellite phones, computers and the TV. The only time they relaxed is when the games were over or before they started. From the moment the games came on, drinks, cigars, and lots of writing. They were cool though.
The game at 3:18 was Mlb Baltimore/Pittsburgh. He ended up winning the bet ,but he was sweating as it ended up 1-0. By betting at Aria instead of Pinnacle he cost himself $400.00 in extra profit.
3-4% is a well-documented average return on most initiatives. We use that all the time in forecasting until we have trend data to (hopefully) increase that number. The unfortunate issue is that 3-4% is ALSO general margin of error so your high bar for wins is also your average bar for losses. Anyone claiming higher than 3-5% and NOT showing their numbers in detail should be seen as a liar. Another thing to consider. Why would someone winning with a 3-5% profit margin want anyone else to bet the same as it would potentially decrease what bookies would risk in the future. Don't trust the hype, it's rented!
@Fidel Perez its not true you scammer i was involved with betting and bookies now days just cancel bets and if team wins where your bets was canceled you loose no risk betting returns are insanly low .
I don't know why this is soo hard for people to understand,if the guy is legit he's not trying to get your $$$.. so stop giving random guy's on social media your $$ for them just to spend it🤔
Hi Spencer, quick request for future videos, if you could add subtitles to every person you censor/change voice. I bet many people aren't extremely good in spoken English and won't understand everything correctly and it's very important! Thanks
Changing the voice pitch is not enough. My Asus audio software control, can nullify it (not completely, but close enough). Set key shifting to +4 and you will hear the original voice. Bet stronger spu can remove that filter without a problem. Mine is limited to +4 key shifting (high), but gets close enough.
Love this video a small piece of information to make it even better is a 30 second crash course into sports betting to identify certain vocabulary! Thanks for the great video man
Spencer is the best at exposing them all, i look forward to each episode!!!!!! Interesting information on this one very educational especially the guests a whole different aspect here!! Good work!!!
I have never thought of the person placing bets just the betting. So, thank you for teaching me something new Bettors looked so odd had to look it up and realized I had no idea there was a word for a person placing bets.
Vegas loves them some Mattress Mack! Love these betting insight vids. The regulators shouldnt allow the limiting of accounts. How do we get this changed? Its just not fair. So if Im hearing this right, the syndicates destroy local bookies. That's wild. So I live overseas and have access to a few books. BetCris is the one that take the largest bets, but if I were to join the syndicate, and jump my volume up and win, Im likely to get banned?
Totally on point. Gotta play the percentages. You can darkhorse single bets for huge wins with a single recreational account. Good luck being able to place another bet with that account. As a recreational better with a winning %, it's a huge problem. Not a common problem. If you have the guts to bet against Tyson (like vs. Buster Douglas), against Rousey (like Rousey vs Holm), or against Pena (Nunez vs Pena) it's because the percentages don't make sense. When the odds give the favorite a ridiculously high chance of winning vs their actual advantage, that creates an advantage for a bettor. If this advantage is consistently used , over the long run, your advantage will still be well under 10%. 5% is an amazing advantage, but a large pool of cash is needed to cash in on that. You're better off betting on the stock market, because the lifetime returns are better than the returns the best betting pools get.
I am closely associated with many people working in sports betting, and what you said is true, the #1 biggest issue is placing bets. The people I know also would use other peoples accounts, but this was problematic as this was actually an illegal practice in the original country they were operating in. Have you confirmed it’s legal in US/Nevada? Might be a good idea to check
I have an account frozen for proxy betting and I wasn’t even proxy betting. I was out of state and my phone recognized it so the app switched itself and worked. However I prefer the laptop bc I can see the layout better and don’t make accidents on it. I guess my vpn or virus protection masked I was in the state and looked like I was home. No matter how much I tell them this is the fault of whatever they do to monitor this as I have 3 other books and they’re the only one. They’re probably the biggest too. But they won’t open my account back up until I sign this document saying I understand I was proxy betting and won’t do it anymore. So they monitor this stuff.
Honestly I would watch a skit video of Spencer’s pretending to be a fake guru every day 😂. Seeing the real side of sports betting is pretty insightful in terms of realizing their strange problems trying to make a living off it.
I love that you're doing this Spencer, I won't watch the complete video cause my attention span is like squirrel right now, but I appreciate what you're doing man, I think I get the gist, peace brother love you
@@jf8188 idk I was being dramatic, anyways, I read the comments and kind of get a summarization of what it's about, plus I've been a gambler for awhile so I know all about people lying and scams, I used to play RuneScape too and been on the internet sincewas a kid with people selling false dreams and scams and stuff, so yeah, but yeah you're kinda right lol
I don’t mind betting $50-100 every few months on sports, but it’s an amount that I’m comfortable with losing. I can’t imagine betting $100,000 on ANYTIME much less sports lol.
When I was younger I used to bet a lot, once I realized I was getting into the $1,000 I stopped gambling. I can see why people get hooked on it, winning all that money is a fucking thrill.
@@omara8450 most definitely, and many don't know when to take their profits and run home.. instead they just rebet their winnings and then lose it all. Can't get greedy that's for sure.
I decided to try the claims in this video myself and see if you really are destined to lose money in the long run in sports betting. And to give you an idea of just how much a square I actually am, I had to read an article on how to read the money line bets. Now, I'm just doing the bets of who wins (which I don't even know what they're called). Not even doing who wins by how many points stuff. And I'm looking to win 1 unit each game and betting only on the team favored to win and using only one bookie. Right away, I could see the numbers were bad. On average, I was risking about 2 units to win that one unit. Sometimes, a little more and sometimes a little less. So, I'm pretty much going to have to win two games for every one game I lose. Once I have enough data, I will probably crunch using the Martingale system, but I'm predicting a catastrophic loss.
This is interesting, I'd never bet on sports (because I understand the odds) but it's interesting to see that it is possible to play the field with a slight advantage and actually net win even if that advantage takes a whole team to achieve.
Interesting you say you’d never bet because you understand the odds . Betting is also incredibly entertaining. So a 1 dollar bet on a 1000-1 parlay on long term markets will provide you with a minimum 100 hours interest in games for example Even a book doesn’t bring that amount of entertainment for a dollar
@@Lifelongloser Entertainment? If you do anything with risk and betting... the last thing in your mind is entertainment. You want ZERO dopamine hits. That is why though that guy lost 90K he had no reaction. You definitely can do it purely for entertainment.. but then have a fixed budget which you spend on entertainment and never expect to make any money.
Reminds me of counting cards. Steven Bridges had a great series on becoming a card counter. It's a similar issue as you struggle to get enough money down without causing suspicion. Winning is frowned on and he gets chased out of casinos. It's fun
The books don't know where the arbitrage is until they start getting hammered on the line. If they knew that there was arbitrage they wouldn't leave the line up
This happens in trading as well. If you have the information a lot of movement is occurring and the market has not adjusted you can take the call options.
@@goliatheater67373 They set the line so they have an idea based on the what the sharps are doing. I'm a market maker, I know the price so when there are movements contrary to what I set the price it's instant arbitrage.
Unfortunately it’s way too centred on America and betting on games Long term markets are far easier to beat but pinnacle doesn’t deal in long term markets as far as I’m aware and certainly not in parlays
I think most of us at this point are very aware these IG sport people/get rich quick kinda dudes are all hogwash as with any internet guru over the last couple of years but this is a wonderful breakdown of how people actually gain any kind of profit from this type of business. It’s far more complex then I could even imagine. It’s not a side hustle or anything the gurus claim, it’s a serious operation. It’s impressive but…wow is all I can. Gambling and betting is not something I do but this was very interesting.
The only problem is it’s very American centred American gamblers seem to be staggeringly ignorant of how incredibly easy long term sports markets are to trade and that therefore, in spite of the bigger overrounds, they can be profitably bet in parlays and therefore you can get your bets on with books until you win 6 figures off them
I'm a fairly experienced roulette player and can spend hours checking one before placing any bets. 5 wins in a roll and the casino will stop you on your tracks, either in Macau or Vegas.
It really is common sense and i always thought this way even back in the infomercial days. If you have some secret or amazing way of selling houses or making money why the heck are you letting other people know. The whole world is scamming everyone now and it’s amazing how many people get taken in by it though
The people Spencer interviews here give you a good answer, basically, if people are actually good at betting in total, the book makers will limited their ability to make bets. However, they don't need people's money, but their ability to make bets, to make money
@@suddenllybah Only if you are stupid and GREEDY. Which sadly most people are. If you only make one bet a month at a given betting shop..like I do in the UK. And you never aim to win more than around £200 at a time. You can go YEARS without anyone even having a clue what you are doing. The idiots who keep rinsing the same bookmaker over and over for large sums deserve what happens to them. They've got no brains. I have been making my living for the past 7 years. Just betting on Greyhounds and Tennis. And I've never been banned or limited from any betting shop. Because I only place one bet a month in any given shop. Let's say on the 1st of July I place a bet in Labrokes on the charing Cross road in London. And I WIN. I don't return to that shop for another month. The chances are my next bet there will lose. In their minds I'm just another punter being lucky. They don't realize that I had a winning bet somewhere else in between. Bet smart and you will never be stopped. Be loud and greedy and come to their attention. And you will..
Great video one to two percent of your bankroll is the typical bet for professional. I don't think the guy should have said pros want to bet bigger because that can raise your ROR
don't they have detection for the near simultaneous placed bets to ban the accounts? do they add some random % to the accounts bets to get around stuff?
They must be doing it because betting sites are constantly updating their security measures. The bots must be changed frequently to adapt to the changes, I imagine. Much like any other industry where people try to get around a certain obstacle, things must be pretty similar across the board, it's just the specifics that vary.
I have a question about the local bookie accounts they are using. They said they do a profit split with the actual owners. So, what happens when you settle up at the end of the year regarding taxes? Is the owner of the account left holding the bag for taxes on all the profits? I'm assuming these are above-board accounts since gambling is legal in so many states and they seem to be transferring money in but I'm also aware that traditionally bookies took only cash and the IRS couldn't track them. I don't do sports betting but I'm curious.
Just like in anything there are 1% who do succeed. It’s hard to see it cause like the key word 1%. I’ve done sports betting for 30 years and yes it’s a tough industry. Lots of trial and error. But just like anything else u do it long enough u become good. Is it doable yes but it’s definitely not for everyone
Is that Antonino De Rosa? He was a very good magic the gathering player. I know a number of yugioh and magic players relocated to Vegas to play poker and sports betting, so his face is so familiar.
No one wants to fuck up their own ability to make money by messing up the money lines. If they’re selling picks to hundreds for 50$ a piece, they’re losing money with those 50k bets.
I'm a bettor/trader and I can assure You that is possibile earn nice amount of money, but it's not a joke, it's not a game, it's a long and hard work dictated by numbers, percentages, professional mentality, patience, time, energy, etc.
Protect your online privacy with PIA VPN and get 3 EXTRA months for free!🔥🔥Only using my link! www.piavpn.com/SpencerCornelia
Really?!? Go check m e ou t. The name is what is says and completely verified and documented.
@@thebetunit LMFAO....your page is barely 4mo old😂You do have one thing in your name right.....UNIT😂
Dear Spencer, I appreciate your videos, but I totally disagree with all this VPN sponsorship. I guess vpn companies who advertise on YT are preying on customers with zero information about network security and stuff. Describe a threat that is not necessarily threatening to this user, but on the other hand, there are tons of malacious security threats around the internet when VPN just simply useless. That's why I think this VPN advertisement is fraudulent in some way.
Hey spencer I would like to get in with your guy what’s your email please? You didn’t leave it at the end of the video
if Spencer recommended these guys you know they legit and im gonna jump on it! thanks Spencer!
Spencer is the only person I have seen ACTUALLY hide someone’s identity...well done Spencer💯
The Guy with the hidden identity is Dave Miller who was in another video
LOL thats true, other videos barely blur the face and the voice is crystal clear for those who know the person.
@@Shotimeyt It's not me. If it was you'd see my face. The guy who leads this syndicate is solid as they come!
@@Shotimeyt it's not Dave don't be foolish
I know what you are saying, because sometimes they just block out the eyes or the face.
Which means anyone who does know them, will know who it is.
The old advice still applies: if someone claims to have the secret to wealth, why would they need to sell it to you?
Exactly 100%
Some just feel so fortunate and they can't enjoy their wealth on their own so they want others to also feel the same. I'd do it
@@ashwynn4177 lol, then give it away. Don’t sell it.
@@sixbrigands Nah it's not how it works . We can all get paid! Plus people don't value free stuff
But he is monetizing on you tube. Spencer is monetizing
There comes a point where people should question how so many “touts” are crushing it in Vegas. Casinos make hundreds of millions of dollars. If these bettors are making so much, they’d be worth billions of dollars.
casinoes are a billion dollar industry.
A handful make any real money, and then it’s a constant struggle against the casinos to be able to actually place the bets, since the books will ban any accounts that are winners. A lot of these “gurus” don’t even make any bets (if they were actually successful, they were personally banned long ago), they only sell the picks
Yes true all my sport betting accounts are banned or limited to ridicoulus amounts like max bet 20p-1£ they only like loosers .
Vegas was made with peoples losses (and mafia money)
We’ve reached that point decades ago lol
When I worked on yachts we had a yacht charter that was made up of these sports bettors and their wives/girlfriends. These guys spent a bunch of money but they were so deep into sports. Like rarely are TV's used on yachts, but these guys were in the skylounge constantly watching games. We had to keep the yacht in certain spots because we had to keep the satellite signal for the TV strong. This was back in the early 2000's and smartphones and such weren't around. These guys were plugged into satellite phones, computers and the TV. The only time they relaxed is when the games were over or before they started. From the moment the games came on, drinks, cigars, and lots of writing. They were cool though.
Hope they tipped well.
Bookies
Yea they definitely deep in
Spencer telling it how it is and backing up his claims. You're a top g
What color is your Bugatti? 😂
@Trav B racist
@@Max_Krypto Bugah-he* 😂
The game at 3:18 was Mlb Baltimore/Pittsburgh. He ended up winning the bet ,but he was sweating as it ended up 1-0.
By betting at Aria instead of Pinnacle he cost himself $400.00 in extra profit.
3-4% is a well-documented average return on most initiatives. We use that all the time in forecasting until we have trend data to (hopefully) increase that number. The unfortunate issue is that 3-4% is ALSO general margin of error so your high bar for wins is also your average bar for losses. Anyone claiming higher than 3-5% and NOT showing their numbers in detail should be seen as a liar. Another thing to consider. Why would someone winning with a 3-5% profit margin want anyone else to bet the same as it would potentially decrease what bookies would risk in the future. Don't trust the hype, it's rented!
@Fidel Perez its not true you scammer i was involved with betting and bookies now days just cancel bets and if team wins where your bets was canceled you loose no risk betting returns are insanly low .
Yur
Why not just invest in a index fund, you can easy get 10-15% yearly
@@jordixboy - That's what they said in 2008.
@@jordixboy uh-huh, just like a computer would, making the right decision. I'm on to you... Miles Dyson.
I don't know why this is soo hard for people to understand,if the guy is legit he's not trying to get your $$$.. so stop giving random guy's on social media your $$ for them just to spend it🤔
Dont worry. No one is buying picks for a 3% edge. All the gurus are hitting 90%
Common sense, right? 🤦🏻♂️
Baffling
I guess it’s hard for me as a non-gambler to comprehend just how much money is moving around in the sports books.
A lot
Right cuz it all sounds like a scam.
Same here, I can only understand a portion of the terms he uses. It is interesting though to watch him out the frauds.
It's also alot in horses as well
Very cool look at the truth behind the real winners. Nice job getting these guys to speak on the record
The model of letting winning players bet, and using that info to increase profit from recreationals, seems really nice. I like that guy!
So early and can't wait to digest another great Spencer video on the sports betters!
Hi Spencer, quick request for future videos, if you could add subtitles to every person you censor/change voice. I bet many people aren't extremely good in spoken English and won't understand everything correctly and it's very important! Thanks
For sure. I tried to add in the most important lines
@@SpencerCornelia Thank you!
Changing the voice pitch is not enough. My Asus audio software control, can nullify it (not completely, but close enough).
Set key shifting to +4 and you will hear the original voice. Bet stronger spu can remove that filter without a problem.
Mine is limited to +4 key shifting (high), but gets close enough.
If you take your time, you can find exactly one frame where the blur is not hiding his face.
Good job on this video man. This is REAL content!
Love this video a small piece of information to make it even better is a 30 second crash course into sports betting to identify certain vocabulary! Thanks for the great video man
This man spencer doing some good in this mad online world big up too him
Spencer is the best at exposing them all, i look forward to each episode!!!!!! Interesting information on this one very educational especially the guests a whole different aspect here!! Good work!!!
Love your videos man. Keep up the high quality vids
Appreciate you trying to educate people in the sports industry
I have never thought of the person placing bets just the betting. So, thank you for teaching me something new Bettors looked so odd had to look it up and realized I had no idea there was a word for a person placing bets.
I’m glad you sharpened your interview skills, most likely you were prepared unlike the AB interview
This is sweet, I learned that I can setup a betting ring. Genius idea thank you @Spencer!
Very cool video on the look from the books perspective. Thanks for the video spencer.
Yo the ad was smooth asf. Best transition I've seen
Just found your channel; love your work.
Thanks, Spencer amazing and insightful video. Do they need or work threw Australian sports betting at all ??
This is my favourite YTuber I’ve come to follow the last 2 years :)
Your friend in the light pink shirt seems so nice and knowledgable! Have him back on sometime Spencer! great video
Fascinating video Spencer, great job as always!
This was insanely entertaining and interesting, really good!
Was waiting for this one💯
Vegas loves them some Mattress Mack! Love these betting insight vids. The regulators shouldnt allow the limiting of accounts. How do we get this changed? Its just not fair.
So if Im hearing this right, the syndicates destroy local bookies. That's wild.
So I live overseas and have access to a few books. BetCris is the one that take the largest bets, but if I were to join the syndicate, and jump my volume up and win, Im likely to get banned?
One of your best episodes this year, for sure.
This is very interesting to learn. Thanks Spencer!
Great work, brother. Keep it up
Totally on point. Gotta play the percentages. You can darkhorse single bets for huge wins with a single recreational account. Good luck being able to place another bet with that account. As a recreational better with a winning %, it's a huge problem. Not a common problem. If you have the guts to bet against Tyson (like vs. Buster Douglas), against Rousey (like Rousey vs Holm), or against Pena (Nunez vs Pena) it's because the percentages don't make sense. When the odds give the favorite a ridiculously high chance of winning vs their actual advantage, that creates an advantage for a bettor. If this advantage is consistently used , over the long run, your advantage will still be well under 10%. 5% is an amazing advantage, but a large pool of cash is needed to cash in on that. You're better off betting on the stock market, because the lifetime returns are better than the returns the best betting pools get.
I am closely associated with many people working in sports betting, and what you said is true, the #1 biggest issue is placing bets. The people I know also would use other peoples accounts, but this was problematic as this was actually an illegal practice in the original country they were operating in. Have you confirmed it’s legal in US/Nevada? Might be a good idea to check
I have an account frozen for proxy betting and I wasn’t even proxy betting. I was out of state and my phone recognized it so the app switched itself and worked. However I prefer the laptop bc I can see the layout better and don’t make accidents on it. I guess my vpn or virus protection masked I was in the state and looked like I was home. No matter how much I tell them this is the fault of whatever they do to monitor this as I have 3 other books and they’re the only one. They’re probably the biggest too. But they won’t open my account back up until I sign this document saying I understand I was proxy betting and won’t do it anymore. So they monitor this stuff.
Would love to colab on some videos one day man I love your exposing them
Your interviews are getting better Bro!
Honestly I would watch a skit video of Spencer’s pretending to be a fake guru every day 😂. Seeing the real side of sports betting is pretty insightful in terms of realizing their strange problems trying to make a living off it.
He doesn't know anything. I make $32k a year sports betting
U just have to research
great video, Spencer!
I love the “walking intro” .. just like the fake gurus m.o. 🤣🤣
Thanks Spencer! Just in time for my seasonal nfl betting..
Amazing job man you saving peoples lives..👌🙏
Putting in gods work exposing these frauds Spencer, keep it up
I love that you're doing this Spencer, I won't watch the complete video cause my attention span is like squirrel right now, but I appreciate what you're doing man, I think I get the gist, peace brother love you
It’s literally 15 minutes long. How do you even live if you can’t focus for 15 minutes
@@jf8188 idk I was being dramatic, anyways, I read the comments and kind of get a summarization of what it's about, plus I've been a gambler for awhile so I know all about people lying and scams, I used to play RuneScape too and been on the internet sincewas a kid with people selling false dreams and scams and stuff, so yeah, but yeah you're kinda right lol
That was a very informative video thanks spencer
Great video 👌
Great video!
As always, good content
Great video, love the content 👏
I don’t mind betting $50-100 every few months on sports, but it’s an amount that I’m comfortable with losing. I can’t imagine betting $100,000 on ANYTIME much less sports lol.
When I was younger I used to bet a lot, once I realized I was getting into the $1,000 I stopped gambling. I can see why people get hooked on it, winning all that money is a fucking thrill.
@@omara8450 most definitely, and many don't know when to take their profits and run home.. instead they just rebet their winnings and then lose it all. Can't get greedy that's for sure.
Would you mind betting 100k if you started with 50 and build up to 100k ?
yeh you shouldn't considering how you spent "anything" lol
That 50-100$ will add up too be 100k in the long run tho
So true! social media could be a platform for someone who’s solid but doesn’t have the bankroll yet too.
I decided to try the claims in this video myself and see if you really are destined to lose money in the long run in sports betting.
And to give you an idea of just how much a square I actually am, I had to read an article on how to read the money line bets. Now, I'm just doing the bets of who wins (which I don't even know what they're called). Not even doing who wins by how many points stuff. And I'm looking to win 1 unit each game and betting only on the team favored to win and using only one bookie.
Right away, I could see the numbers were bad. On average, I was risking about 2 units to win that one unit. Sometimes, a little more and sometimes a little less. So, I'm pretty much going to have to win two games for every one game I lose.
Once I have enough data, I will probably crunch using the Martingale system, but I'm predicting a catastrophic loss.
This is interesting, I'd never bet on sports (because I understand the odds) but it's interesting to see that it is possible to play the field with a slight advantage and actually net win even if that advantage takes a whole team to achieve.
Interesting you say you’d never bet because you understand the odds . Betting is also incredibly entertaining.
So a 1 dollar bet on a 1000-1 parlay on long term markets will provide you with a minimum 100 hours interest in games for example
Even a book doesn’t bring that amount of entertainment for a dollar
@@Lifelongloser you fuking right bro parlay are enteraining asf
@@Lifelongloser Entertainment?
If you do anything with risk and betting... the last thing in your mind is entertainment. You want ZERO dopamine hits. That is why though that guy lost 90K he had no reaction.
You definitely can do it purely for entertainment.. but then have a fixed budget which you spend on entertainment and never expect to make any money.
I've been a "professional" sports bettor for 8 years, never had a losing month.
@@matlenaghan7488 Sure buddy
Thanks for the video
I visited Pinnacles offices in Curaçao. Those dudes moving the lines basically work on what looks like a trading desk.
Best island in the world
Great video! Man I wish you would do something like this but for like stock/forex/crypto traders.
Great Video telling it like it is.
Very informative video. Good job Spencer
I love this guy keep speaking the truth 💯
Love these videos
Love your videos. Will you ever do a video on Eric lindgren (the poker player) apparently he was known for making very very large bets.
That's about what Dave Miller said in your Colorado video. That best edge if you are good you can get against Pinnacle and the Vegas book is 2%
Dave is the guy who’s identity was hidden. He was using the same bot software
@@Shotimeyt Know your facts, it's NOT me!
Reminds me of counting cards. Steven Bridges had a great series on becoming a card counter. It's a similar issue as you struggle to get enough money down without causing suspicion. Winning is frowned on and he gets chased out of casinos. It's fun
Fascinating!
This is like arbitrage in investing. The books know where the arbitrage in the lines are because they set the lines.
The books don't know where the arbitrage is until they start getting hammered on the line. If they knew that there was arbitrage they wouldn't leave the line up
This happens in trading as well. If you have the information a lot of movement is occurring and the market has not adjusted you can take the call options.
@@goliatheater67373 They set the line so they have an idea based on the what the sharps are doing. I'm a market maker, I know the price so when there are movements contrary to what I set the price it's instant arbitrage.
This is a fantastic video Spencer! It's too logical for idiots to learn from it but we appreciate this knowledge drop!
Unfortunately it’s way too centred on America and betting on games
Long term markets are far easier to beat but pinnacle doesn’t deal in long term markets as far as I’m aware and certainly not in parlays
Good video. Do one on sport betting discord groups Spencer.
You the man Spencer
Super informal and interesting video!
Bro you are nuts.... stay safe...
I think most of us at this point are very aware these IG sport people/get rich quick kinda dudes are all hogwash as with any internet guru over the last couple of years but this is a wonderful breakdown of how people actually gain any kind of profit from this type of business. It’s far more complex then I could even imagine. It’s not a side hustle or anything the gurus claim, it’s a serious operation. It’s impressive but…wow is all I can. Gambling and betting is not something I do but this was very interesting.
The only problem is it’s very American centred
American gamblers seem to be staggeringly ignorant of how incredibly easy long term sports markets are to trade and that therefore, in spite of the bigger overrounds, they can be profitably bet in parlays and therefore you can get your bets on with books until you win 6 figures off them
I'm a fairly experienced roulette player and can spend hours checking one before placing any bets. 5 wins in a roll and the casino will stop you on your tracks, either in Macau or Vegas.
Roulette is for idiots. If you are SERIOUS about winning from betting you bet on sports or master blackjack/poker. Forget everything else
Spencer kills people with facts and I love it
Noti-gang!
It really is common sense and i always thought this way even back in the infomercial days. If you have some secret or amazing way of selling houses or making money why the heck are you letting other people know. The whole world is scamming everyone now and it’s amazing how many people get taken in by it though
The people Spencer interviews here give you a good answer, basically, if people are actually good at betting in total, the book makers will limited their ability to make bets. However, they don't need people's money, but their ability to make bets, to make money
@@suddenllybah
Only if you are stupid and GREEDY. Which sadly most people are. If you only make one bet a month at a given betting shop..like I do in the UK. And you never aim to win more than around £200 at a time. You can go YEARS without anyone even having a clue what you are doing.
The idiots who keep rinsing the same bookmaker over and over for large sums deserve what happens to them. They've got no brains. I have been making my living for the past 7 years. Just betting on Greyhounds and Tennis. And I've never been banned or limited from any betting shop.
Because I only place one bet a month in any given shop. Let's say on the 1st of July I place a bet in Labrokes on the charing Cross road in London.
And I WIN. I don't return to that shop for another month. The chances are my next bet there will lose. In their minds I'm just another punter being lucky. They don't realize that I had a winning bet somewhere else in between.
Bet smart and you will never be stopped. Be loud and greedy and come to their attention. And you will..
I'm kind of blown away by the outro Spencer. Advertising working with a betting syndicate to your viewers??? What in the world.
Absolutely. They profit.
Spencer want to be a sport bettor so bad!! Just go for it bro you’ll do great
This is some good content
You should meet marco piomonte. Or do some research. I wanna know how he does it.
That $90K loss and being blase about it goes back to the gambler's motto. "Only bet what you can afford to lose."
Need one on this DPATT
Great video one to two percent of your bankroll is the typical bet for professional. I don't think the guy should have said pros want to bet bigger because that can raise your ROR
Pinnacle is located on my Island, my friends worked there as programmer
don't they have detection for the near simultaneous placed bets to ban the accounts? do they add some random % to the accounts bets to get around stuff?
They must be doing it because betting sites are constantly updating their security measures. The bots must be changed frequently to adapt to the changes, I imagine. Much like any other industry where people try to get around a certain obstacle, things must be pretty similar across the board, it's just the specifics that vary.
@@GabbieCh most likely
Can you partner with the syndicate if you are neither a citizen nor resident in the US? And more specific you're not even physically in the US?
I assuming they use offshore books also so there shouldn't be an issue.
Spencer with the plug
Will you please do a video on Crowd 1.
I have a question about the local bookie accounts they are using. They said they do a profit split with the actual owners. So, what happens when you settle up at the end of the year regarding taxes? Is the owner of the account left holding the bag for taxes on all the profits? I'm assuming these are above-board accounts since gambling is legal in so many states and they seem to be transferring money in but I'm also aware that traditionally bookies took only cash and the IRS couldn't track them. I don't do sports betting but I'm curious.
They are basically as an expense or their cost. Think of them as nothing more than a financial manager or broker who gets 20-25% for example.
Just like in anything there are 1% who do succeed. It’s hard to see it cause like the key word 1%. I’ve done sports betting for 30 years and yes it’s a tough industry. Lots of trial and error. But just like anything else u do it long enough u become good. Is it doable yes but it’s definitely not for everyone
Great Content 1+ Sub
Is that Antonino De Rosa? He was a very good magic the gathering player. I know a number of yugioh and magic players relocated to Vegas to play poker and sports betting, so his face is so familiar.
I was told you use wheelchair, Spencer.
Glad to see you walk again.
4:40 happened in the movie casino. Haha
Protect Spencer by all cost
No one wants to fuck up their own ability to make money by messing up the money lines. If they’re selling picks to hundreds for 50$ a piece, they’re losing money with those 50k bets.
The people keep buying the book gonna cut em off.
So it's like counting cards but for sports betting
I'm a bettor/trader and I can assure You that is possibile earn nice amount of money, but it's not a joke, it's not a game, it's a long and hard work dictated by numbers, percentages, professional mentality, patience, time, energy, etc.