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A comment on The rising human cost of sports betting. Parent comment

Re:The rising human cost of sports betting by nikcub on Monday January 31, 2022 @02:35PM (#30153057)
If anybody is further interested in this, a recent YouTube video by Spencer Cornelia went behind the scenes of a similar operation that is still running:

https://www.youtube.com/watch?v=7N05vGcw_tI

They are betting the spread between different books and most of their operation involves keeping accounts live and with placement capacity

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Re:The rising human cost of sports betting by AtlasBarfed on Tuesday February 01, 2022 @12:47PM (#30166270)
Arbitrage of the spread is definitely a pro bettor's goto. You don't need to care about or analyze the game at all.

Groups of them often would try to manipulate the spreads with individual bets and then go big on the arbitrage.

I remember an article where some guy thought he was getting an inside view of a pro sports bettor. I remember he sent him on a bunch of casinos to bet specific games. He didn't realize the bettor was using his budget for the story and him as a gofer to setup the arbitrage.

All the celebrity sports bettors on sports TV can't be trusted. They'll either give "mainstream" views, or are trying to manipulate the spreads in their favor. You really think they have critical insight into Southwest Regional Tech State vs University of Appalachian A&M&T women's basketball?

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