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Genesis of SportGoat - A boy to a sports bettor to a recovered addict, and now is a storyteller

11/30/2023

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We welcome you to listen to our podcast. And we are here happy just to have a chat, so cheers.
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How Does Sports Betting Arb Works - In Short ...

11/20/2023

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To execute an arbitrage bet, the bettor must compare odds across multiple bookmakers and calculate the potential profits.

​The most straightforward example I can provide is the following: 

  1. Team A (the underdog) is priced at +140, which means per every $100 you bet, you profit $140.
  2. Team B (the favorite) is priced at -135, which means to win $100, you need to wager $135. 
  3. So lets say, in this example, you place $100 on Team A to win $140.
  4. And you then put $138 on Team B, the favorite in this case, which will payout a profit of of $102.
  5. Therefore, in total you have placed $238 in wagered money.
  6. If Team A wins, total payout is $240, which means you profit $2.
  7. If Team B wins, total payout is $240, which means you still profit $2.
  8. Regardless of the outcome, you win $2 either way.
  9. Now to illustrate scale, let's say your wager was $1000 for Team A, $1380 for Team B, payout for Team A winning is $2400, where payout for Team B winning is $2402. You placed a total of $2,380. If Team A wins you win $20, if Team B wins you win $22. And essentially, Arb because it's as close to risk free as you can get.
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Our Favorite Gambling Quotes

11/19/2023

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  1. “Quit while you're ahead. All the best gamblers do.” - Baltasar Gracian
  2. If you're playing a poker game and look around the table and can't tell who the sucker is, it's you. - Paul Newman 
  3. “At gambling, the deadly sin is to mistake bad play for bad luck.” - Ian Fleming
  4. “You miss 100% of the shots you don't take.” — Wayne Gretzky.
  5. “Success is not Final, Failure is not Fatal: It is the Courage to Continue that Counts.”
  6. The More Skillful the Gambler, The Worse the Man" - Publilius Syrus
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Sports Betting Arbitrage 101

11/1/2023

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Sports betting arbitrage is a strategy employed by individuals to take advantage of discrepancies in odds offered by different bookmakers. The goal is to guarantee a profit by placing bets on all possible outcomes of a sporting event. GUARANTEED PROFIT is the operative assumption here.

Arbitrage opportunities arise when different bookmakers have varying opinions on the likelihood of different outcomes, resulting in odds that don't reflect the true probabilities. By identifying these discrepancies, bettors can place bets on all possible outcomes with different bookmakers, ensuring a profit regardless of the outcome.

​Just in case you are asking if Sports Betting Arbitrage is legal? That is a natural and normal one to ask, and the short answer is yes, it is legal. And more so, it is not illegal in any country where gambling and betting is permitted. Just note bookmakers do their absolute best to stop it, and is most likely than not, if you ask bookies, one of the things they frown on the most. But they frown on it simply because it's a way for the consumer or bettor to come out on top, and not necessarily the house.
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This is purely a numbers game. An access to credit game. A game that goes beyond the court, the field, the rink. That the game is much more vicinal to reality than you would think. It's a game of staying the course, knowing what you are getting yourself into, and reminding yourself, that the only way you have a leg against the house, is if you allow yourself to not get in your own head.

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