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Sports betting at the poker table 
4th-Nov-2009 02:41 pm
I'm in the 10-10-20 lc game and discussing sports betting. I had a friendly bet with another player where I had laid 185:100 on the yankees to win the series. I offered to let him out for 70 after looking up the odds on wsex. If you pick the middle of the lines the Yankees are -675, or almost 7:1 favorites. He told me there was no way he'd settle since he was getting 2:1.

Ok, that sounds like an opportunity. I offered him a further 3:1 bet on the series outcome. He immediately accepted... as did three other people. Uh, ok. Too bad I don't have an account on one of the betting sites -- I could bet the middle. Or I could just enjoy having such a good bet. One odd thing is that this bet feels huge to me despite having several times that on the table -- but this an order of magnitude more than I've bet on sports before.

In the meantime I doubled up in the first three hands dealt at the table, so I can lose the 1200 and still be ahead. :)
Comments 
5th-Nov-2009 02:17 am (UTC)
If the phillies win game 6, you can bet with me on the phillies to win game 7 if you want to hedge out, and we can settle on stars. I'll give you a good price. :)

(I have to place $1000 in sports bets at a local casino to clear a bonus, and I hardly ever bet sports myself...)
5th-Nov-2009 05:12 am (UTC)
Thankfully, not necessary.

The $600 I won in sports betting today is pretty minuscule compared to my poker win, which is even better.
5th-Nov-2009 02:28 am (UTC)
And yeah, while that's a crazy good bet, I can understand being a little weirded out by the money involved, even when it's way less money than you're already risking on the poker. Unfamiliar types of bets bypass the tolerance you've built up to risking stupidly large amounts of money on silly things. They feel more like real money.

I was betting $500/hand blackjack the other day, which is like 20 times bigger than I've ever played that game, and it was freaking me out - never mind that the session swing was going to be up or down less than $5000, which I do at VP all the time. And I'll never forget the time I was talking about my first strong VP play with a poker friend, and I mentioned it was at 50-play quarters ($62.50/pull), and he was like, wow, that's big... this guy plays 200/400 HULHE and routinely has sessions with swings larger than my entire bankroll at the time. I laughed at him.
5th-Nov-2009 03:55 am (UTC)
I was betting $500/hand blackjack the other day

Tell the pit boss I said 'hi'.

5th-Nov-2009 09:41 pm (UTC)
I'm pretty sure not mentioning that they know you would be EV+ for just about any blackjack player.
5th-Nov-2009 09:41 pm (UTC)
Well, unless they are an EV- player, of course.
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