chazraps
Wade Wilson
Better have my money when I come-a collect!
Posts: 28,017
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Post by chazraps on Sept 15, 2017 16:58:59 GMT -5
I got kicked out of a casino for attempting to make a wager on wrestling. My mistake was placing bets for an entire year's worth of special events at the same time.
Turns out, there's rules against counting cards.
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saintpat
El Dandy
Release the hounds!!!
Posts: 7,664
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Post by saintpat on Sept 15, 2017 17:16:32 GMT -5
Is this illegal? Can it even be illegal? Why are there even places to bet on something where institutionally a lot of people need to know the outcome in advance? You can bet on things happening or not happening on Game of Thrones and other TV shows. Those are scripted much farther in advance. Generally, the bookmaker puts very low limits on how much can be bet. It's more to get attention and get you to go to their website (or into their betting shop in the UK) so you'll probably make a lot of other stupid bets on other things. Any bookie that allowed itself to be taken for a substatial sum of money on the outcomes of predetermined matches deserves to lose all its money and go out of business. Call it the natural selection of the wagering market.
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Post by Rudy Gobert Fadeaway on Sept 15, 2017 17:35:11 GMT -5
I got kicked out of a casino for attempting to make a wager on wrestling. My mistake was placing bets for an entire year's worth of special events at the same time. Turns out, there's rules against counting cards. When people bet on fights they're smart, but when I bet on Angelo Dawkins vs. Steve Cutler I'm just "some asshole" and "being escorted off the premises"
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Post by KobashiChop on Sept 15, 2017 17:41:51 GMT -5
The fact that you can bet on wrestling is amazing in its own right.
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Demented
Bill S. Preston, Esq.
Winner of the Harleen F. Quinzel Legacy of Puddin Award
What am I doing here?
Posts: 16,081
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Post by Demented on Sept 15, 2017 18:02:37 GMT -5
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Post by government mule on Sept 15, 2017 18:11:37 GMT -5
Speaking as a betting shop manager, gambling on novelty markets such as soap storylines, reality tv or WWE markets are heavily restricted. Certainly on the high street, you will not get anything more than around £20 on a selection, the markets purely only exist for entertainment purposes and the odds will always reflect the probability making it impossible to really profit from a potentially predetermined event. If you do manage to get around it (some online companies allow you to trade against other users instead of a 'bookie') and make a significant profit on certain selections then your bets will flag to a security department and they will heavily restrict your account going forward. WWE betting is only meant to provide a bit of fun. You'll be fine if you manage to win with like 5 or 6 selections as you're picking for fun through the card, but if you seriously back one or two selections heavily then the companies will know. I get a bit of interest occasionally for WM or the Royal Rumble, but nothing other than that. Huh. That's really interesting to find out, thanks for telling us about it. Considering how important they seem to be in the last few months, I wonder how it's like at Vegas. I think it depends on how much interest there is on the particular match. If lots of people want to back something, the bookies will smell blood and let you play so that they get their percentage (all markets are formed in a way that bookies won't lose out if a punter backs both selections, otherwise the market wouldn't exist). The sheer amount of capital put on by punters backing selections make it potentially worthwhile. Take the Mayweather/McGregor fight for example. The real market based on form should have made Mayweather about 1/25 to win (a near certainty) and therefore the market would hold no interest. But because of the sheer amount of interest on McGregor, based on the what if mentality from punters wanting to bet with their heart rather than to form, the bookies can capitilise on shortening McGregor's odds to imply that he had a chance and use the media/social media to their advantage. There, they can take the huge capital from one selection, offset that from those backing Mayweather heavily as low as 1/4 and moderate the more niche markets such as round betting/method of victory etc, and make a fortune no matter what really happens (McGregor winning would have been really costly in this example but realistically it was never going to happen). The percentage from these more advanced markets where it is harder to get the result right is where they'll make the real profit. If they feel they need to get out of trouble, they'll lay the required selections with another bookie and get the money they're paying out to punters back. None of this would ever happen if there is no interest in the market though.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 15, 2017 19:09:15 GMT -5
I'm onto you, John Cone.
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Post by Magic knows Black Lives Matter on Sept 15, 2017 19:30:24 GMT -5
There's guys betting on their own f***ing matches? I'm dead, dude. I love this industry so much. Just when I thought this great business couldn't get any better.
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Post by A Platypus Rave on Sept 15, 2017 19:37:46 GMT -5
He looks kinda like Dean Ambrose's dead beat dad
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Post by Limity (BLM) on Sept 15, 2017 19:39:39 GMT -5
Bork Lazer reemerges!
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Bub (BLM)
Patti Mayonnaise
advocates duck on rodent violence
Fed. Up.
Posts: 37,742
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Post by Bub (BLM) on Sept 15, 2017 21:18:30 GMT -5
I'm gonna blame Michael Hayes on account of his wardrobe and general demeanor.
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Post by Sponsored by Groose Wipes on Sept 15, 2017 21:37:30 GMT -5
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Demented
Bill S. Preston, Esq.
Winner of the Harleen F. Quinzel Legacy of Puddin Award
What am I doing here?
Posts: 16,081
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Post by Demented on Sept 15, 2017 21:37:55 GMT -5
He looks kinda like Dean Ambrose's dead beat dad He really does.
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Post by Alice Syndrome on Sept 16, 2017 0:54:51 GMT -5
Is this illegal? Can it even be illegal? Why are there even places to bet on something where institutionally a lot of people need to know the outcome in advance? Tell someone else to do it that's not related to you. Interestingly, I could have actually done this at one point. Paige let me in on the secret of her callup. Though as a fellow wrestler I was honor bound not to blab.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 16, 2017 13:35:56 GMT -5
It would certainly NOT be Enzo - none of the wrestlers are privy to the outcomes of all matches. It's someone in the office/backstage. Exactly! That's how Enzo pulls it off, because nobody assumes he would know the results.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 16, 2017 13:37:01 GMT -5
I want to see a skit where Big Show keeps betting on himself to win and loses almost all his money... then he decides to bet the rest of his money on himself losing, and he ends up winning because his opponent gets immediately disqualified. Greatest storyline ever!
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the2ndevil
Grimlock
Super Seducer Survivor
Where Is Your Santa, Now?
Posts: 13,632
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Post by the2ndevil on Sept 16, 2017 14:45:09 GMT -5
He looks kinda like Dean Ambrose's dead beat dad Headcanon accepted.
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Post by Baldobomb-22-OH-MAN!!! on Sept 16, 2017 15:10:02 GMT -5
I find it difficult to sympathize with gambling agents who allow people to gamble on an event where the outcome is predetermined.
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Post by angryfan on Sept 16, 2017 15:35:45 GMT -5
I find it difficult to sympathize with gambling agents who allow people to gamble on an event where the outcome is predetermined. Strange as it sounds, will they open it up to more than just wrestling? A tv show about a sports league, for example, why not let someone bet on the games in the show? Same principle in both, so why not?
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segaz
Samurai Cop
Posts: 2,381
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Post by segaz on Sept 16, 2017 15:43:06 GMT -5
So that is how Big Show lost his money. "So let me get this straight, you took all the money from your strip mall ventures and bet it against the Undertaker at Wrestlemania?" "I thought Bray Wyatt was due!" That match was rigged. He was using freaking lightning bolts
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