basil
@itsbasil
i hung out with old friends yesterday who gambled on basketball all day long halfway through the day i was so bored i decided to signup for a free predatory $100 my whole life they’ve done this, i’ve never participated—a first try for everything, eh? honest question, how, on gods green earth, do people do this? bet $50 to win $50 is considered INSANELY good odds in this stupidity to make any decent returns you have to string unreasonable binary add-on bets together… this is quite literally the dumbest shit i’ve ever done, given there are 10 people on the floor at all times… almost everything is unaccounted for… don’t even get me started on football where uncertainty goes exponential risk $50 to win $60, $70?! against these parameters? with human referee interference?! with emotion weighted 10-fold? with timeouts & clock stops? this is super high risk & you can’t even make any good money doing it… seriously, why do people do this?! it’s absurd play table games or memes
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basil
@itsbasil
1) it makes the game slightly more interesting but my friends considered me crazy for betting $50—they don’t bet more than $25 and that would be considered high, usually $10–i felt nothing 2) the only viable strategy is to bet money with the house & compound small returns; everything else makes zero sense i seriously don’t understand why someone would do this over table games or capital markets
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Chris Carella
@ccarella.eth
It's pretty similar to table games, like blackjack, because the odds makers are VERY good, I've been playing for like 20 years now. Its effectively a 50/50 toss up. Its feels way way way better then gambling on memes because there are laws and rules and the odds makers have strong multi-decade reputation to uphold and you never have to worry about getting rugged, insider trading or truly illegal things happen. but tldr; its fun and makes you feel like you know something about sports and if you are gambling on sports for any other reason, you have a problem.
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