Owner of Anubis Trading Limited. I offer consulting on trading software and systems. Former spread betting & fixed odds bookmaker, syndicate trader & FX trader.
For those aspiring to be professional gamblers one thing I don't see being said enough or even ever is that your job is to have all your capital deployed all of the time with the shortest possible resulting timeframe. Make that the objective and work back from there to decide
Will this misery of bettors talking about politicians betting, the ethics of bearding, gambling legislation and regulatory bodies ever end. Focus on betting, focus on winning and then focus really fucking hard on not telling everyone about it.
If you are English the best place to watch an England game is in the shittest shit hole bar on a shit TV in the corner in a third world country with foreign commentators and preferably no other English people. Exquisite vibes.
What a fantastic day was had observing the
@StarSports_Bet
go about their business at Royal Ascot. A big thank you to
@BenStarSports
@SimonNott
@flynngoward
and the rest of the team for being so kind, patient and accommodating. I don’t get to experience much new in the industry
@worstcontrarian
"Oh don't joke about such things lol". "No, no really there was split second where I wondered whether the power cord of my laptop could sustain my weight long enough to get it done. Fortunately someone who needed correcting on the internet popped up on my feed and I got
Bookmakers odds are actually incredibly efficient at doing what they are intended for which is maximising margin extraction from the common denominator. More efficient odds from an outcome prediction perspective make less money.
It does sort of sound crazy when you explain the US sports betting economy out loud to smart finance friends who aren’t involved
“The lines must be efficient so you can’t win right”
No, actually it’s really easy to win by betting bad lines. The problem is they’ll kick you out
If you think that you are in any way superior to anyone else because you calculate some probabilities of sporting outcomes rather than "just arb and abuse bonuses" you have a far lower probability of dying of colon cancer because you must be inspecting yours all the fucking time.
You work in the betting industry, it is 2024 and your Telegram notifications are now 5x all other phone notifications combined and that includes when you stayed out late without informing the missus.
Will this information make you instantly a winning cycling bettor? No. Would winning cycling bettors prefer people not posting this on internet? Quite possibly.
🚨
#BREAKING
: Rory McIlroy and wife Erica Stoll have filed for divorce, TMZ is reporting. Court documents have been filed in the state of Florida.
@TrackingRory
Topic of childhood obesity brought up on Radio 4. Panellist mentions there being four betting shops on the high street as their opening point as to why people can’t afford decent food. FUCK … MY … LIFE.
Interesting to see the way people see the black market for betting. I can clarify some things for people here but you don’t have to agree with or believe me. Number one reason to operate without a license in a jurisdiction is tax. Always has been and always will be. Number one
I totally understand the message being conveyed here. What I do wish though is that anyone who is looking to "disrupt" or just start a new business first ask themselves why the status quo exists in its current form. Force yourself to make an argument for the current way of doing
"The longer you're in an industry, the more pessimistic you get." This seems to be the case across a lot of businesses. Industry veterans pile up scars from seeing things go wrong. Which stops investors from betting on innovation.
More on this clip from our new podcast 👇
“People give praise when you do what they want you to do and not when you do something exceptional. Be exceptional and fuck the pats on the head.” Christina Trenhaile 02.06.2024
18 minutes in and had to pause this to write straight off that this 5 pros versus one syndicate chat is supremely under discussed and seemingly they all form a consensus that there is one correct answer here. In a former life I would talk five hours by myself on this.
The new sharp 4d chess play should be recruiting a college graduate and grooming them to be a US book VIP manager and then bearding everything through your cuckoo's nest VIP manager. "really nice kid, surname Kyrollos. Think he comes from NJ?"
Wrote a massive long reply tweet which was well considered and backed up by years of domain knowledge and then deleted it before sending. Best ever decision I have made on this app. Talk shit, live happy.
Is it even ethical to be a professional speculator in anything? Don’t get me wrong efficient closing lines for sports betting is a huge societal gain but could you be doing more?
5) Predicting Volatility
As
@SinclairEuan
here explains, volatility is predictable.
If something was very volatile yesterday, it's likely to be quite volatile today as well.
Also over the long-term, volatility tends to return to a typical average.
We'll look into some data.
Bookmakers and market makers mostly quote to liability not to stake (My former employers a classic holdout). There is simply not the same stake liquidity across all price ranges. With tipsters we want to see apples to apples comparisons that reflect average skill more than they
If you tip at average odds bigger than 2/1 it should be illegal to report your record to level stakes. You should be forced to report your record based on to win one unit not stake one unit.
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Favourite strategy for golf majors nowadays is to try and find the players that are neither heavily fancied by simulation modellers nor eyeball intuition experts but also have proven themselves in contention.
I was going to do a full review but I’ll leave you all with Mrs Trenhaile’s instead. “Don’t tell your stupid internet friends about this”. I wanted Fish and Chips from our favourite. Had been thinking about it all day.
@nickgoff79
England have played near two standard deviations worse than would be expected if using a rudimentary player based model or using an ensemble model of say one using player xG and one using Transfermarket values. Other teams have played far closer to expectation. In order for
@12Xpert
25% of world GDP, largest military force on the planet and a free floating currency. The US dollar is the leader of the free world and it does not care whose name is on the office door.
Aspiring professional gamblers here is a tip. Make a pro-gambler swear jar but instead of swearing every time you moan about being able to get a bet put 10% of your net worth in it. Because it is a % you never go broke much like Kelly. If you ever mention Kelly put 20% of your
@12Xpert
I mean we could trade internet articles which are often completely worthless and end up on the internet entirely to further the agenda of those posting them. We could discuss whether economic dominance should be classed as total GDP or GDP per capita or whether one can truly
To further clarify on point one. There are of course unavoidable requirements regarding SOF, SOW and AML. I would happily grant my open banking access to a well vetted and audited independent 3rd party who specialises in establishing any credit or financial irregularity issues.
Here betting industry expert
@Matthew_Trench
tells
@SimonNott
he would
1⃣ never give a bookmaker open banking access (doesnt think it is necessary or trust them to protect the data)
2⃣ definitely use a whatsapp bookie if he was a professional gambler.
Hardly anything I give out will ever be actionable or useful but this is. Never ever close a long standing bank account. Open others fine. If you had one since a kid etc never ever close it and keep using it a bit no matter how shit they are. "Systems" attach huge value to them.
Signed up to
@RaceShare
and looking forward to first race as an owner of about 0.01% of a bunch of horses. It all has to start somewhere. If Treasure Time loses hopefully I get a private message from
@olibellracing
telling me it was just "frightfully bad luck".
If you tip at average odds bigger than 2/1 it should be illegal to report your record to level stakes. You should be forced to report your record based on to win one unit not stake one unit.
I wish, some serious vig charged on that stuff. Just a case of do one then get several ask me to do one and feel I can’t say no. Imagine people pretty bored of me soon so can take a break for a year.
@SimonNott
It did indeed emphasise the impact of exclusions on those excluded. It did not talk about how there are frequently kids within schools who are excluded from lessons (different names for this in different schools) but kept on the premises which would simply rise if full exclusion
@gamblinglamb
Literally the supermarket model in many ways. Be on average not the most expensive and well positioned on some key items that people always buy. Tesco Bookmaker for the win.
This is Chris Camillo.
In 2021, Chris was featured in Business Insider for turning $20,000 into $42,000,000, during his 15-year trading career.
His trading style, is one of the most interesting I've ever read about:
- Social Arbitrage
Here’s Chris's story:
Sharp books. They don't close your account but also don't expect them to stand in the brace position while you field goal kick them in the nuts forever. If that sounds appealing to you though I am sure
@JeffreyBenson12
can arrange a member of the legacy club security team to
"The books have gotten better at setting the lines (in the Draft). A couple years ago Circa released 100 over/unders a month out,"
@VegasRefund
said. "Now they release 40 the week before. That's the best example of where the market was. It's becoming a lot more difficult."
Mexico Open an elite EW shit housery golf event. Excellent time to use the new
@FoG_BLoG
plugin. Nice highlight of the best EW terms at the top with colour scale. Then the FoG Bold type (green) showing you best option when accounting for EW (not always top price)
So model men what decay rate are you using for Anthony Kim rounds right now? Hopefully some godless savage will reply with a Beyes and Kalman filter answer.
Prophet Exchange is closing up shop in New Jersey, the lone state in which it is live, but its co-founder promises they will be back, reports
@jeffedelstein
.
@sbc_josh
The longer tied up the more you need to have on which leads you to leverage which leads you to multiples. All the best long term bettors I know use a lot of multiples which negates a lot of the down side of having money tied up.
Golf round scores remain tricky to market make as they are generally fucking boring right up until there is a large course bias that means someone smashes the lot. Sporttrade MM can at least be thankful they cant round robin the fuck out of them.