Posts by David Gomez6

Menij hit the nail on the head regarding the "internet"... and honestly, what's even more surprising is that I didn't think they were anywhere near the mark... then they genuinely caught me off guard

Welcome to the show... I'm introducing you to a cunning little magician who manages to strike just about anything living or inanimate 😁

You can find our magician right here

...try to outsmart him if you can, and please feel free to share with everyone—whether it be people, fictional characters, or whatever else comes to mind—who he managed to hit and leave completely breathless! 🙂

And once he leaves you speechless, come back here and let us know who his target was!!!

Greetings, does anyone happen to know of an interesting or popular sledding spot out in the Blue Ridge Mountains??
I am looking for somewhere with a bit of a "rebel" vibe rather than a place where you have to pay for fancy chairlifts... I mean, I want a decent trail, but nothing too "professional"...

If someone is dealing with spinal issues, would it be safe for them to go skydiving? I am not entirely sure about the specific nature of the condition yet, but our primary concern is whether the sudden jerk at the end is intense. Is there typically any unpleasant impact from the pull...

That’s excellent; if I am following your example correctly, it means playing with a total bankroll of $100 is actually feasible!

It is quite interesting to observe that with odds at this level, the ROI is higher if we initiate with a Lay position and then hedge our position with a Back bet. If we were to approach it from the opposite direction, we would require an initial capital and stake of $187.50, which would ultimately result in lower efficiency.

I didn't quite catch your point regarding the specific role those "bot" applications you mentioned play... Do they automatically execute transfers if a certain odd reaches a desired threshold??

Just one more quick question.
I was reading somewhere that if a trader places a bet and then sets up an opposing bet that guarantees a profit, the system recognizes this and allows them to keep trading with their existing bankroll (even though that capital is technically tied up as collateral for the bets that haven't settled yet because the game isn't over)

So, here is my actual question:
If someone stakes their entire $100 bankroll on a Lay bet... and they wait until the Back odds have risen enough to want to lock in a profit with an opposing bet. This second bet would clearly guarantee that they either recover the Lay stake or the Back stake (while actually adding a little extra profit), but can they actually use the same funds currently serving as collateral for the initial Lay bet to place that new Back bet??

Essentially, unlike the first scenario I mentioned, the system should theoretically recognize that this specific move carries no risk since it's just closing a guaranteed loop... will the system identify this and allow the trade to proceed??

Yes, indeed... I have double-checked my math and arrived at that exact figure of roughly 153 in total profit. 👍

I have just sat down and sketched out some hypothetical scenarios on paper, leaving a 25% margin for profit 😛
...though if I had simply been more patient, I would likely be sitting at 62.5% by now 😛 😛

On another note... could you please tell me which keys to press to generate that specific chart you were including in your previous posts?? I simply cannot seem to find the setting for it...

Oops, I see you mentioned how that 5% is taken!
...but regarding this: Is it possible to offer multiple different Lay bets on the exact same game? ...I meant "simultaneously," though that might be a bit obvious...

I truly must commend you on such an exhaustive breakdown! 👍👍

Now, I find myself curious about a few specific details:
That account of yours with $10,000 and a single Tick—that was actually what drew me to this whole trading 😁 concept, and it appears the strategy offers much more than just catching a single
... ...but I am wondering how exactly you arrived at those calculations 😕
It isn't that I lack the ability to run the numbers myself 😁 ...it is simply that I struggle with that 5% figure; whenever I attempt to factor it in, I consistently end up in the red 🤔 (or perhaps significantly further ahead than the figures you provided)
I am quite eager to know exactly where that 5% is applied (or deducted)
That 5% seems like a rather peculiar line item for this type of business model. It makes me wonder what it would cost a competitor to replicate this exact trading setup while only charging, say, 1%. The profit margins would still be massive, and the overhead would be minimal... especially considering they aren't risking their own capital like traditional bookmakers, but are essentially just facilitating transfers from one party to another.

Is it possible to offer multiple different Lay bets on the very same game?

By any chance, have you come across any data regarding what percentage of people visit E*TRADE strictly for pure gambling rather than for trading purposes? Perhaps you have a personal estimate based on your observations of the people visiting E*TRADE and your understanding of their activities. I am looking for a very rough approximation: is it less than 20% or more than 80%?.. if you can provide a slightly more precise estimate, please do!

What is the typical "Tick" value relative to the stakes??

I just want to make sure I have the fundamentals down 😁. Please correct me if my logic is flawed. (The odds I mention will refer to the Tie market)
Essentially, this Back price I see is actually someone else's Lay. (Much like an offer at a sportsbook)
And this Lay price being shown is basically someone else's desired Back, which they can fulfill if I agree to offer them that Lay price.
So, if I decide to accept that Back or offer a specific Lay... everything is handled automatically.
However, if I decide to offer a Lay at, say, 3.08, then my offer would overtake that 3.05 Back, and the other person would then be looking at the best available Back at 3.08.

Now, what would someone be looking for if they wanted to bet against someone else on X at odds of 1.02? 🤣

But I'm a bit confused—is the offer in this image currently worse than what you'd find at a sportsbook?? I was under the impression that on these NYSE platforms, the odds are always better to attract players. Or do these coefficients only start forming as the game approaches... and are these people just chasing impossible odds??

Also, by "networking," I meant betting on Parlays.
Does that mean if I wanted to include that in my offers, I would have to pre-create a slip and wait to see if anyone wants to bet on that exact combination??
EDIT: ...it just occurred to me, it's equally likely that someone decides on a set of Parlays in advance, and I could simply facilitate that if I choose to...

👍 Thank you very much for being so thorough... I have just skimmed through for now, but I intend to study this in much greater detail later!!
...until now, I hadn't really considered what happens to the odds once a game actually kicks off (I assumed they were essentially frozen), and I thought the fluctuations were just observed from the start of the week leading up to the match, but seeing how the combinations expand so significantly... that is wonderful, as it provides much more room for maneuvering 🙂

..however, there are a few points I noticed immediately:
You mention that with my specific offer, I am effectively at the back of the line, but what if my offer is actually superior to the others?? Don't the other participants have the right to choose which provider to accept the odds from? Or am I only at the back of the line when my offer is identical to the others??

What occurs during in-play action at the exact moment a goal is scored? If someone receives that information even slightly earlier, do they have the opportunity to grab certain coefficients before the updates take effect?? In other words, must every provider be incredibly swift in pulling their offers and adjusting them during those moments??

I suspect I will best understand certain nuances by experiencing them firsthand, even if only as an observer... is it possible to log in and monitor the movement of the odds without having an active account?? And would doing so with an account be complicated... is the principle the same as it is with these standard online sportsbooks??
Those activities are illegal using accounts based in America if I recall correctly, so would it be possible to open an account through an acquaintance in New York City and thereby remain within the law??

Ethan Edwards3 said:As I mentioned, I will attempt to explain how this back/lay system functions later this evening...

👍 ..you are quite sharp if your 8 AM is tonight 😁

...I understand the theory behind how it should work (though I have only read about it)
...my only confusion is that while you obviously cannot bridge pairs between different providers, is it possible to bridge multiple odds from the same provider if they are offering several at once???

Ethan Edwards3 said:for example, Inter Milan vs AC Milan: backing Inter Milan means they win, laying Inter Milan means they won't win—essentially a double chance x2

...and although this lay position truly only yields a profit in this specific case if it results in an x2, I would rather describe it as a lay position where we act as the broker; we set the odds and determine the maximum stake for that price...but it all depends on whether anyone actually wants to take our offer. ...that is what I am curious about regarding practical application.
You mentioned there is weak liquidity in the smaller leagues... does that mean those odds would be easy to sell?? (assuming we offered them at realistic values)

I am also wondering how certain one can be about selling an odd that is common in the market if your price isn't deviating from everyone else's??
..if I have understood correctly, when we sell an odd and set a max stake of, say, $100, does that mean one player can buy the whole $100, or could two people buy $50 each? If that is the case... perhaps you could help me estimate my question like this:
Suppose I set an odd for a major game that saw a massive rush of interest, causing the price to drop from 1.4 to 1.3. (side question: when the price drops due to a surge, does the momentum continue, or do people just get discouraged because the value dropped and they bail en masse??... or perhaps when the price drops so much that the bet gets blocked at local US sportsbooks, is that when the real rush begins?)...and now, suppose I am laying that 1.3 odd, which is right in line with everyone else also selling at 1.3, and let's say I set an unlimited stake (which is impossible without unlimited coverage 😁 ...but just for the sake of estimation)....how much money would a group actually pay to buy those odds from me??
I know you cannot give me an exact figure, but I am looking for a rough idea, even if it seems silly. I want to know if we are talking about just a few dollars with a heavy dose of "maybe"
...or if it is the other extreme: that everything within the market range sells without issue up to my maximum limit....
I hope you follow what I am trying to ask... and if you have any experience, I would appreciate your help 👍

David Gomez6 said:There is some talk about how the odds tend to be slightly higher at these online sportsbooks (I am specifically asking about the ones that offer peer-to-peer betting mechanics)....

...hehe, no matter, thanks anyway!

...but that is precisely why I asked initially if all online books allow this, or just specific ones. Because, for instance, if I understood correctly, this E*TRADE platform mentioned allows it... yet it is still categorized simply as an online sportsbook 🤷

Wait a moment, I want to make sure we are on the same page here... I am referring to those platforms where users themselves offer and settle bets. (Back/Lay), or whatever the terminology might be today.
There is also a specific term used: odds distribution.

...for instance, who would actually stop me from continuing to offer a bet on a specific matchup if the platform decided to block that particular game??
Essentially, it would mean that even if a game is blocked, I could more easily sell off my position at a lower price once the odds have dropped.🤔??

Alexander Hill2 said:Varira. They offer a wider range of odds, so favorites usually stay pretty level while the underdogs get much higher payouts. If you're looking to back an upset, it’s definitely the better place to be...

And don't forget, if the odds match or are even just a penny lower than what you see online—considering we have such high margins here in the States—the online options will almost always be better.

If they are identical, does that mean they are actually tracking the price drops from the major sportsbooks?

I hope my questions are appropriate for this discussion topic.

When people talk about online betting sites, are they specifically referring to platforms where you can actually buy and sell odds? ...Because if that isn't the case for all of them, what would be the more precise term for those that do allow that kind of trading?

It’s often mentioned that the odds tend to be higher on these specific types of online sites (referring to the ones with the buy/sell functionality)....Could anyone give me a rough estimate of just how much higher they really are? I happened to come across some comparisons on certain websites suggesting that an odd of around 4 at a standard sportsbook might climb as high as 12 over there.
However, I've only found comparisons regarding long shots or extreme outliers.....there seems to be nothing regarding the favorites.
What would a typical, non-extreme difference look like? For instance, if a certain price is sitting at 1.3 here in the States...what might that look like over there??