Dear Spencer, I appreciate your videos, but I totally disagree with all this VPN sponsorship. I guess vpn companies who advertise on YT are preying on customers with zero information about network security and stuff. Describe a threat that is not necessarily threatening to this user, but on the other hand, there are tons of malacious security threats around the internet when VPN just simply useless. That's why I think this VPN advertisement is fraudulent in some way.
There comes a point where people should question how so many “touts” are crushing it in Vegas. Casinos make hundreds of millions of dollars. If these bettors are making so much, they’d be worth billions of dollars.
A handful make any real money, and then it’s a constant struggle against the casinos to be able to actually place the bets, since the books will ban any accounts that are winners. A lot of these “gurus” don’t even make any bets (if they were actually successful, they were personally banned long ago), they only sell the picks
When I worked on yachts we had a yacht charter that was made up of these sports bettors and their wives/girlfriends. These guys spent a bunch of money but they were so deep into sports. Like rarely are TV's used on yachts, but these guys were in the skylounge constantly watching games. We had to keep the yacht in certain spots because we had to keep the satellite signal for the TV strong. This was back in the early 2000's and smartphones and such weren't around. These guys were plugged into satellite phones, computers and the TV. The only time they relaxed is when the games were over or before they started. From the moment the games came on, drinks, cigars, and lots of writing. They were cool though.
The game at 3:18 was Mlb Baltimore/Pittsburgh. He ended up winning the bet ,but he was sweating as it ended up 1-0. By betting at Aria instead of Pinnacle he cost himself $400.00 in extra profit.
3-4% is a well-documented average return on most initiatives. We use that all the time in forecasting until we have trend data to (hopefully) increase that number. The unfortunate issue is that 3-4% is ALSO general margin of error so your high bar for wins is also your average bar for losses. Anyone claiming higher than 3-5% and NOT showing their numbers in detail should be seen as a liar. Another thing to consider. Why would someone winning with a 3-5% profit margin want anyone else to bet the same as it would potentially decrease what bookies would risk in the future. Don't trust the hype, it's rented!
@Fidel Perez its not true you scammer i was involved with betting and bookies now days just cancel bets and if team wins where your bets was canceled you loose no risk betting returns are insanly low .
I don't know why this is soo hard for people to understand,if the guy is legit he's not trying to get your $$$.. so stop giving random guy's on social media your $$ for them just to spend it🤔
Hi Spencer, quick request for future videos, if you could add subtitles to every person you censor/change voice. I bet many people aren't extremely good in spoken English and won't understand everything correctly and it's very important! Thanks
Changing the voice pitch is not enough. My Asus audio software control, can nullify it (not completely, but close enough). Set key shifting to +4 and you will hear the original voice. Bet stronger spu can remove that filter without a problem. Mine is limited to +4 key shifting (high), but gets close enough.
I don’t mind betting $50-100 every few months on sports, but it’s an amount that I’m comfortable with losing. I can’t imagine betting $100,000 on ANYTIME much less sports lol.
When I was younger I used to bet a lot, once I realized I was getting into the $1,000 I stopped gambling. I can see why people get hooked on it, winning all that money is a fucking thrill.
@@omara8450 most definitely, and many don't know when to take their profits and run home.. instead they just rebet their winnings and then lose it all. Can't get greedy that's for sure.
Honestly I would watch a skit video of Spencer’s pretending to be a fake guru every day 😂. Seeing the real side of sports betting is pretty insightful in terms of realizing their strange problems trying to make a living off it.
I am closely associated with many people working in sports betting, and what you said is true, the #1 biggest issue is placing bets. The people I know also would use other peoples accounts, but this was problematic as this was actually an illegal practice in the original country they were operating in. Have you confirmed it’s legal in US/Nevada? Might be a good idea to check
I have an account frozen for proxy betting and I wasn’t even proxy betting. I was out of state and my phone recognized it so the app switched itself and worked. However I prefer the laptop bc I can see the layout better and don’t make accidents on it. I guess my vpn or virus protection masked I was in the state and looked like I was home. No matter how much I tell them this is the fault of whatever they do to monitor this as I have 3 other books and they’re the only one. They’re probably the biggest too. But they won’t open my account back up until I sign this document saying I understand I was proxy betting and won’t do it anymore. So they monitor this stuff.
This is interesting, I'd never bet on sports (because I understand the odds) but it's interesting to see that it is possible to play the field with a slight advantage and actually net win even if that advantage takes a whole team to achieve.
Interesting you say you’d never bet because you understand the odds . Betting is also incredibly entertaining. So a 1 dollar bet on a 1000-1 parlay on long term markets will provide you with a minimum 100 hours interest in games for example Even a book doesn’t bring that amount of entertainment for a dollar
@@Lifelongloser Entertainment? If you do anything with risk and betting... the last thing in your mind is entertainment. You want ZERO dopamine hits. That is why though that guy lost 90K he had no reaction. You definitely can do it purely for entertainment.. but then have a fixed budget which you spend on entertainment and never expect to make any money.
I have never thought of the person placing bets just the betting. So, thank you for teaching me something new Bettors looked so odd had to look it up and realized I had no idea there was a word for a person placing bets.
Spencer is the best at exposing them all, i look forward to each episode!!!!!! Interesting information on this one very educational especially the guests a whole different aspect here!! Good work!!!
The books don't know where the arbitrage is until they start getting hammered on the line. If they knew that there was arbitrage they wouldn't leave the line up
This happens in trading as well. If you have the information a lot of movement is occurring and the market has not adjusted you can take the call options.
@@goliatheater67373 They set the line so they have an idea based on the what the sharps are doing. I'm a market maker, I know the price so when there are movements contrary to what I set the price it's instant arbitrage.
I'm a bettor/trader and I can assure You that is possibile earn nice amount of money, but it's not a joke, it's not a game, it's a long and hard work dictated by numbers, percentages, professional mentality, patience, time, energy, etc.
Totally on point. Gotta play the percentages. You can darkhorse single bets for huge wins with a single recreational account. Good luck being able to place another bet with that account. As a recreational better with a winning %, it's a huge problem. Not a common problem. If you have the guts to bet against Tyson (like vs. Buster Douglas), against Rousey (like Rousey vs Holm), or against Pena (Nunez vs Pena) it's because the percentages don't make sense. When the odds give the favorite a ridiculously high chance of winning vs their actual advantage, that creates an advantage for a bettor. If this advantage is consistently used , over the long run, your advantage will still be well under 10%. 5% is an amazing advantage, but a large pool of cash is needed to cash in on that. You're better off betting on the stock market, because the lifetime returns are better than the returns the best betting pools get.
@@reuben3077 UA-cam still tracks dislike numbers, it just doesn’t display that number. The algorithm still makes use of it. Browser plug-in can reveal te dislike number though
Love this video a small piece of information to make it even better is a 30 second crash course into sports betting to identify certain vocabulary! Thanks for the great video man
I decided to try the claims in this video myself and see if you really are destined to lose money in the long run in sports betting. And to give you an idea of just how much a square I actually am, I had to read an article on how to read the money line bets. Now, I'm just doing the bets of who wins (which I don't even know what they're called). Not even doing who wins by how many points stuff. And I'm looking to win 1 unit each game and betting only on the team favored to win and using only one bookie. Right away, I could see the numbers were bad. On average, I was risking about 2 units to win that one unit. Sometimes, a little more and sometimes a little less. So, I'm pretty much going to have to win two games for every one game I lose. Once I have enough data, I will probably crunch using the Martingale system, but I'm predicting a catastrophic loss.
No one wants to fuck up their own ability to make money by messing up the money lines. If they’re selling picks to hundreds for 50$ a piece, they’re losing money with those 50k bets.
It blows my mind how people continue to fall for these type of things, why would someone who is successful want to help you a random nobody make money? You will never see bezos or elon helping us random everyday folks unless they had something to gain from it
This is kinda silly. When you buy something from Amazon for 30% less than most retail stores, is that not benefiting you as a consumer... But yet it still makes Bezos money also... The true art of good business is both sides leave happy with the outcome
@@lrochester1448 Yeah, but Amazon is a retail service.They are selling a product: an actual physical thing that you want and can even resell later (or return if you're not happy with it in many cases) These guys are selling hope. Selling hope to desperate individuals who probably aren't good with money to begin with
The one thing Bezos does wrong is making his factory workers work under miserable condition's. "Helping everyday folk" you cannot help people at scale(more than giving a few lucky idiots a few grands) without taking anything back to continue the operation. Amazon delivers amazing service to their customers with razor thin profit margins(3%). They make money primarily from enterprise solutions (AWS) not from people like you.
I'm a fairly experienced roulette player and can spend hours checking one before placing any bets. 5 wins in a roll and the casino will stop you on your tracks, either in Macau or Vegas.
Vegas loves them some Mattress Mack! Love these betting insight vids. The regulators shouldnt allow the limiting of accounts. How do we get this changed? Its just not fair. So if Im hearing this right, the syndicates destroy local bookies. That's wild. So I live overseas and have access to a few books. BetCris is the one that take the largest bets, but if I were to join the syndicate, and jump my volume up and win, Im likely to get banned?
The worst part is all The content creators shilling for the online sportsbooks making $ when thier fans lose. It’s almost as bad as the crypto rugpulls
I love that you're doing this Spencer, I won't watch the complete video cause my attention span is like squirrel right now, but I appreciate what you're doing man, I think I get the gist, peace brother love you
@@jf8188 idk I was being dramatic, anyways, I read the comments and kind of get a summarization of what it's about, plus I've been a gambler for awhile so I know all about people lying and scams, I used to play RuneScape too and been on the internet sincewas a kid with people selling false dreams and scams and stuff, so yeah, but yeah you're kinda right lol
He's not wrong, i'm not a professional bettor but not a recreational either. I've manage to get 4.3% ROI this year with 5700 bets so far. It's not easy money and sometimes stressfull.. You have to enjoy the ride and stop paying these guru. Best trick is to find a strategy and try it with fake money on some apps! Stick with it until it fail. Repeat.
I don't sell picks, I bet myself. Here's my question though. If books DO limit bettors which they do, I've seen it, wouldn't it make sense to the sell because the books can't limit everybody who's taking your plays. Doesn't that alleviate some of the financial stress on your end of not being able to make money through your own wagers? Just a question. Typically if I see someone who's a great talker who's selling pics, I know they're just marketers who probably suck. But if there are guys who I have been following for years and now they are limited because of how good they are, I wouldn't blame them for going tout. Being limited to $1,000 per bet with only a small edge makes it hard to make a living depending on how you're living.
It's still probably more profitable to use bots to place the bets but interesting question. In the video the guy is limited to $1,000 and is able to bet $30,000 using bots.
That's kind of what I was thinking. Not that I think the guys that Spencer makes videos on are winning necessarily, but it seems like selling picks make some cash. If you sell picks that win then you'll have endless customers. Say if you're limited and you can't figure out how to put together a program that automates betting, then what?
@@Hexomickey exactly. If I was limited by casinos, I'd sell picks, not even for ridiculous prices either. $20-30 a month so even recreational bettors can afford it. You get 300 customers a month that 9k pre-tax. Plus you can bet your own stuff with limited amounts. To me it seems like the way to go if you're not tech savvy enough to create algorithms lol.
@@thedaywalkervlog9860 $20-30 a month is cheap. I charge 25-50% per win and I have one person willing to pay 50% and i should have two more in a few months paying 25%👍 Anyways if I were just guessing and spending 5 minutes per game and doing little to no research at all? Then I'd charge $20 or $30 per month I guess.
@@jeremyscorpio4170 the cheaper it is the more people who can afford it, given that you have some sort of social media presence. I have about 2300 followers. Even if a small fraction were willing to pay, it's good residual money. ✊🏿
I don't really ever search for anything bad on the internet anyway, but why would your employer or school be able to see your Google searches?? Especially on incognito mode. Why does the employer have the right to look at that?
I’m a net-positive sports bettor. I am limited on my Sportsbook, they delay big payouts, and customer service is awful for me. The books can’t stand winners. The rep I have for my Book leaves my texts on delivered for days at a time, meanwhile multiple thousands of dollars are frozen, untouchable. They hate winners so if books “partner” with influencers they 10000000% are losing bettors
@@jjcoola998 that another thing I think happens a lot too, they pay these guys to throw out losing picks lmao shit is so much more common than ppl think. Predatory ass business u have to be careful as hell man
Vegas makes more off loss bets than all sports ticket sales, plus merchandise sales, and all other Sports affiliated sales combined! What does that tell you? Bet against the public!!!
It really is common sense and i always thought this way even back in the infomercial days. If you have some secret or amazing way of selling houses or making money why the heck are you letting other people know. The whole world is scamming everyone now and it’s amazing how many people get taken in by it though
The people Spencer interviews here give you a good answer, basically, if people are actually good at betting in total, the book makers will limited their ability to make bets. However, they don't need people's money, but their ability to make bets, to make money
@@suddenllybah Only if you are stupid and GREEDY. Which sadly most people are. If you only make one bet a month at a given betting shop..like I do in the UK. And you never aim to win more than around £200 at a time. You can go YEARS without anyone even having a clue what you are doing. The idiots who keep rinsing the same bookmaker over and over for large sums deserve what happens to them. They've got no brains. I have been making my living for the past 7 years. Just betting on Greyhounds and Tennis. And I've never been banned or limited from any betting shop. Because I only place one bet a month in any given shop. Let's say on the 1st of July I place a bet in Labrokes on the charing Cross road in London. And I WIN. I don't return to that shop for another month. The chances are my next bet there will lose. In their minds I'm just another punter being lucky. They don't realize that I had a winning bet somewhere else in between. Bet smart and you will never be stopped. Be loud and greedy and come to their attention. And you will..
I think most of us at this point are very aware these IG sport people/get rich quick kinda dudes are all hogwash as with any internet guru over the last couple of years but this is a wonderful breakdown of how people actually gain any kind of profit from this type of business. It’s far more complex then I could even imagine. It’s not a side hustle or anything the gurus claim, it’s a serious operation. It’s impressive but…wow is all I can. Gambling and betting is not something I do but this was very interesting.
The only problem is it’s very American centred American gamblers seem to be staggeringly ignorant of how incredibly easy long term sports markets are to trade and that therefore, in spite of the bigger overrounds, they can be profitably bet in parlays and therefore you can get your bets on with books until you win 6 figures off them
Reminds me of counting cards. Steven Bridges had a great series on becoming a card counter. It's a similar issue as you struggle to get enough money down without causing suspicion. Winning is frowned on and he gets chased out of casinos. It's fun
Just like in anything there are 1% who do succeed. It’s hard to see it cause like the key word 1%. I’ve done sports betting for 30 years and yes it’s a tough industry. Lots of trial and error. But just like anything else u do it long enough u become good. Is it doable yes but it’s definitely not for everyone
Unfortunately it’s way too centred on America and betting on games Long term markets are far easier to beat but pinnacle doesn’t deal in long term markets as far as I’m aware and certainly not in parlays
Seems like a stupid investment if you're only gaining 3-5% with insane variance and risk because you're trusting some Vegas bro has cracked the code on gambling. Why not just put the money in an S&P 500 ETF that has returned 11.88% over the last 60+ years? Even bonds have returned 5.59% over the last 90 years. Then again, sports betting has never really attracted bright people.
3% is on every dollar of volume. “Sports betting has never attracted bright people” - the people who win, like syndicates, are brighter than anyone who invests in the stock market lol. I understand your comment but it’s very wrong. Someone getting 3% on volume is making an insane yearly return
This is also why the poker room is 90% always next to the sportsbook room/and ONLY playing sports games on their TV's so after they bet on the sports they can go play poker while watching sports. More money for the casinos lolol
I have a question about the local bookie accounts they are using. They said they do a profit split with the actual owners. So, what happens when you settle up at the end of the year regarding taxes? Is the owner of the account left holding the bag for taxes on all the profits? I'm assuming these are above-board accounts since gambling is legal in so many states and they seem to be transferring money in but I'm also aware that traditionally bookies took only cash and the IRS couldn't track them. I don't do sports betting but I'm curious.
Its not impossible to have 10-20% Edge... The problem is, the limits are usually very low to these smaller leagues... I have been profitable past 5 years but ive started from the bottom. But my stack have risen over 500% past 2 years... Obviously im still at under 100k bankroll.. i know if i manage to grow my betting bankroll above 100k most probably 99% of bookies will close my account. Still over 8% edge on pinnacle, but im still rather small bettor. My average bet size is under 200$. But i try to get to over 500$. With that i could end my day job and bet for living...and im not selling bets, i just have a group of frienda from different sports specialists to share analysis and winning bets.
Easiest way to spot a fraud is ask them if they place their own bets. If the casinos take their action direct without runners they are not advantage bettors. If you consistently win and bet heavy the casinos will not take your action.
Met a guy in the elevator last night who said he had just lost 40k on Cincinatti, that sucks I replied. Getting off on my floor he yelled out that he would be betting on Broncos to make it back..
@@hhh1200 Who knows, for all we know it could have been all he had or more. I'm not an expert but if you're betting 40k on one game your bankroll should prbly be 2 mill minimum.
@@user-id9on6pp1g Correct but why are you betting 40k on one game. This is how STUPID people are. Bet 5k in 4 different places. Don't get GREEDY. And you can go for years without being detected. Like I have.
Protect your online privacy with PIA VPN and get 3 EXTRA months for free!🔥🔥Only using my link! www.piavpn.com/SpencerCornelia
Really?!? Go check m e ou t. The name is what is says and completely verified and documented.
@@thebetunit LMFAO....your page is barely 4mo old😂You do have one thing in your name right.....UNIT😂
Dear Spencer, I appreciate your videos, but I totally disagree with all this VPN sponsorship. I guess vpn companies who advertise on YT are preying on customers with zero information about network security and stuff. Describe a threat that is not necessarily threatening to this user, but on the other hand, there are tons of malacious security threats around the internet when VPN just simply useless. That's why I think this VPN advertisement is fraudulent in some way.
Hey spencer I would like to get in with your guy what’s your email please? You didn’t leave it at the end of the video
if Spencer recommended these guys you know they legit and im gonna jump on it! thanks Spencer!
Spencer is the only person I have seen ACTUALLY hide someone’s identity...well done Spencer💯
The Guy with the hidden identity is Dave Miller who was in another video
LOL thats true, other videos barely blur the face and the voice is crystal clear for those who know the person.
@@Shotimeyt It's not me. If it was you'd see my face. The guy who leads this syndicate is solid as they come!
@@Shotimeyt it's not Dave don't be foolish
I know what you are saying, because sometimes they just block out the eyes or the face.
Which means anyone who does know them, will know who it is.
The old advice still applies: if someone claims to have the secret to wealth, why would they need to sell it to you?
Exactly 100%
Some just feel so fortunate and they can't enjoy their wealth on their own so they want others to also feel the same. I'd do it
@@ashwynn4177 lol, then give it away. Don’t sell it.
@@sixbrigands Nah it's not how it works . We can all get paid! Plus people don't value free stuff
But he is monetizing on you tube. Spencer is monetizing
There comes a point where people should question how so many “touts” are crushing it in Vegas. Casinos make hundreds of millions of dollars. If these bettors are making so much, they’d be worth billions of dollars.
casinoes are a billion dollar industry.
A handful make any real money, and then it’s a constant struggle against the casinos to be able to actually place the bets, since the books will ban any accounts that are winners. A lot of these “gurus” don’t even make any bets (if they were actually successful, they were personally banned long ago), they only sell the picks
Yes true all my sport betting accounts are banned or limited to ridicoulus amounts like max bet 20p-1£ they only like loosers .
Vegas was made with peoples losses (and mafia money)
We’ve reached that point decades ago lol
Spencer telling it how it is and backing up his claims. You're a top g
What color is your Bugatti? 😂
@Trav B racist
@@Max_Krypto Bugah-he* 😂
When I worked on yachts we had a yacht charter that was made up of these sports bettors and their wives/girlfriends. These guys spent a bunch of money but they were so deep into sports. Like rarely are TV's used on yachts, but these guys were in the skylounge constantly watching games. We had to keep the yacht in certain spots because we had to keep the satellite signal for the TV strong. This was back in the early 2000's and smartphones and such weren't around. These guys were plugged into satellite phones, computers and the TV. The only time they relaxed is when the games were over or before they started. From the moment the games came on, drinks, cigars, and lots of writing. They were cool though.
Hope they tipped well.
Bookies
Yea they definitely deep in
The game at 3:18 was Mlb Baltimore/Pittsburgh. He ended up winning the bet ,but he was sweating as it ended up 1-0.
By betting at Aria instead of Pinnacle he cost himself $400.00 in extra profit.
3-4% is a well-documented average return on most initiatives. We use that all the time in forecasting until we have trend data to (hopefully) increase that number. The unfortunate issue is that 3-4% is ALSO general margin of error so your high bar for wins is also your average bar for losses. Anyone claiming higher than 3-5% and NOT showing their numbers in detail should be seen as a liar. Another thing to consider. Why would someone winning with a 3-5% profit margin want anyone else to bet the same as it would potentially decrease what bookies would risk in the future. Don't trust the hype, it's rented!
@Fidel Perez its not true you scammer i was involved with betting and bookies now days just cancel bets and if team wins where your bets was canceled you loose no risk betting returns are insanly low .
Yur
Why not just invest in a index fund, you can easy get 10-15% yearly
@@jordixboy - That's what they said in 2008.
@@jordixboy uh-huh, just like a computer would, making the right decision. I'm on to you... Miles Dyson.
I don't know why this is soo hard for people to understand,if the guy is legit he's not trying to get your $$$.. so stop giving random guy's on social media your $$ for them just to spend it🤔
Dont worry. No one is buying picks for a 3% edge. All the gurus are hitting 90%
Common sense, right? 🤦🏻♂️
Baffling
I guess it’s hard for me as a non-gambler to comprehend just how much money is moving around in the sports books.
A lot
Right cuz it all sounds like a scam.
Same here, I can only understand a portion of the terms he uses. It is interesting though to watch him out the frauds.
It's also alot in horses as well
Hi Spencer, quick request for future videos, if you could add subtitles to every person you censor/change voice. I bet many people aren't extremely good in spoken English and won't understand everything correctly and it's very important! Thanks
For sure. I tried to add in the most important lines
@@SpencerCornelia Thank you!
Changing the voice pitch is not enough. My Asus audio software control, can nullify it (not completely, but close enough).
Set key shifting to +4 and you will hear the original voice. Bet stronger spu can remove that filter without a problem.
Mine is limited to +4 key shifting (high), but gets close enough.
If you take your time, you can find exactly one frame where the blur is not hiding his face.
I’m glad you sharpened your interview skills, most likely you were prepared unlike the AB interview
The model of letting winning players bet, and using that info to increase profit from recreationals, seems really nice. I like that guy!
Very cool look at the truth behind the real winners. Nice job getting these guys to speak on the record
I don’t mind betting $50-100 every few months on sports, but it’s an amount that I’m comfortable with losing. I can’t imagine betting $100,000 on ANYTIME much less sports lol.
When I was younger I used to bet a lot, once I realized I was getting into the $1,000 I stopped gambling. I can see why people get hooked on it, winning all that money is a fucking thrill.
@@omara8450 most definitely, and many don't know when to take their profits and run home.. instead they just rebet their winnings and then lose it all. Can't get greedy that's for sure.
Would you mind betting 100k if you started with 50 and build up to 100k ?
yeh you shouldn't considering how you spent "anything" lol
That 50-100$ will add up too be 100k in the long run tho
Honestly I would watch a skit video of Spencer’s pretending to be a fake guru every day 😂. Seeing the real side of sports betting is pretty insightful in terms of realizing their strange problems trying to make a living off it.
He doesn't know anything. I make $32k a year sports betting
U just have to research
This man spencer doing some good in this mad online world big up too him
I am closely associated with many people working in sports betting, and what you said is true, the #1 biggest issue is placing bets. The people I know also would use other peoples accounts, but this was problematic as this was actually an illegal practice in the original country they were operating in. Have you confirmed it’s legal in US/Nevada? Might be a good idea to check
I have an account frozen for proxy betting and I wasn’t even proxy betting. I was out of state and my phone recognized it so the app switched itself and worked. However I prefer the laptop bc I can see the layout better and don’t make accidents on it. I guess my vpn or virus protection masked I was in the state and looked like I was home. No matter how much I tell them this is the fault of whatever they do to monitor this as I have 3 other books and they’re the only one. They’re probably the biggest too. But they won’t open my account back up until I sign this document saying I understand I was proxy betting and won’t do it anymore. So they monitor this stuff.
This is interesting, I'd never bet on sports (because I understand the odds) but it's interesting to see that it is possible to play the field with a slight advantage and actually net win even if that advantage takes a whole team to achieve.
Interesting you say you’d never bet because you understand the odds . Betting is also incredibly entertaining.
So a 1 dollar bet on a 1000-1 parlay on long term markets will provide you with a minimum 100 hours interest in games for example
Even a book doesn’t bring that amount of entertainment for a dollar
@@Lifelongloser you fuking right bro parlay are enteraining asf
@@Lifelongloser Entertainment?
If you do anything with risk and betting... the last thing in your mind is entertainment. You want ZERO dopamine hits. That is why though that guy lost 90K he had no reaction.
You definitely can do it purely for entertainment.. but then have a fixed budget which you spend on entertainment and never expect to make any money.
I've been a "professional" sports bettor for 8 years, never had a losing month.
@@matlenaghan7488 Sure buddy
Would love to colab on some videos one day man I love your exposing them
That $90K loss and being blase about it goes back to the gambler's motto. "Only bet what you can afford to lose."
Putting in gods work exposing these frauds Spencer, keep it up
I have never thought of the person placing bets just the betting. So, thank you for teaching me something new Bettors looked so odd had to look it up and realized I had no idea there was a word for a person placing bets.
I love the “walking intro” .. just like the fake gurus m.o. 🤣🤣
I visited Pinnacles offices in Curaçao. Those dudes moving the lines basically work on what looks like a trading desk.
Best island in the world
Spencer is the best at exposing them all, i look forward to each episode!!!!!! Interesting information on this one very educational especially the guests a whole different aspect here!! Good work!!!
This is like arbitrage in investing. The books know where the arbitrage in the lines are because they set the lines.
The books don't know where the arbitrage is until they start getting hammered on the line. If they knew that there was arbitrage they wouldn't leave the line up
This happens in trading as well. If you have the information a lot of movement is occurring and the market has not adjusted you can take the call options.
@@goliatheater67373 They set the line so they have an idea based on the what the sharps are doing. I'm a market maker, I know the price so when there are movements contrary to what I set the price it's instant arbitrage.
I'm a bettor/trader and I can assure You that is possibile earn nice amount of money, but it's not a joke, it's not a game, it's a long and hard work dictated by numbers, percentages, professional mentality, patience, time, energy, etc.
Your friend in the light pink shirt seems so nice and knowledgable! Have him back on sometime Spencer! great video
Totally on point. Gotta play the percentages. You can darkhorse single bets for huge wins with a single recreational account. Good luck being able to place another bet with that account. As a recreational better with a winning %, it's a huge problem. Not a common problem. If you have the guts to bet against Tyson (like vs. Buster Douglas), against Rousey (like Rousey vs Holm), or against Pena (Nunez vs Pena) it's because the percentages don't make sense. When the odds give the favorite a ridiculously high chance of winning vs their actual advantage, that creates an advantage for a bettor. If this advantage is consistently used , over the long run, your advantage will still be well under 10%. 5% is an amazing advantage, but a large pool of cash is needed to cash in on that. You're better off betting on the stock market, because the lifetime returns are better than the returns the best betting pools get.
Good job on this video man. This is REAL content!
So early and can't wait to digest another great Spencer video on the sports betters!
That's about what Dave Miller said in your Colorado video. That best edge if you are good you can get against Pinnacle and the Vegas book is 2%
Dave is the guy who’s identity was hidden. He was using the same bot software
@@Shotimeyt Know your facts, it's NOT me!
Wow. This video has only been up 4 minutes and it's got 50 dislikes. Spencer must really be getting to these frauds!
How do you see the dislikes ?
@@reuben3077 they have extensions for seeing dislikes
There are 6 dislikes. 😂. Don't know where you see 50 at
Not just the frauds but the people who have lost money.
@@reuben3077 UA-cam still tracks dislike numbers, it just doesn’t display that number. The algorithm still makes use of it. Browser plug-in can reveal te dislike number though
Love this video a small piece of information to make it even better is a 30 second crash course into sports betting to identify certain vocabulary! Thanks for the great video man
I decided to try the claims in this video myself and see if you really are destined to lose money in the long run in sports betting.
And to give you an idea of just how much a square I actually am, I had to read an article on how to read the money line bets. Now, I'm just doing the bets of who wins (which I don't even know what they're called). Not even doing who wins by how many points stuff. And I'm looking to win 1 unit each game and betting only on the team favored to win and using only one bookie.
Right away, I could see the numbers were bad. On average, I was risking about 2 units to win that one unit. Sometimes, a little more and sometimes a little less. So, I'm pretty much going to have to win two games for every one game I lose.
Once I have enough data, I will probably crunch using the Martingale system, but I'm predicting a catastrophic loss.
No one wants to fuck up their own ability to make money by messing up the money lines. If they’re selling picks to hundreds for 50$ a piece, they’re losing money with those 50k bets.
The people keep buying the book gonna cut em off.
Thanks, Spencer amazing and insightful video. Do they need or work threw Australian sports betting at all ??
Yo the ad was smooth asf. Best transition I've seen
It blows my mind how people continue to fall for these type of things, why would someone who is successful want to help you a random nobody make money? You will never see bezos or elon helping us random everyday folks unless they had something to gain from it
This is kinda silly. When you buy something from Amazon for 30% less than most retail stores, is that not benefiting you as a consumer... But yet it still makes Bezos money also... The true art of good business is both sides leave happy with the outcome
@@lrochester1448 Yeah, but Amazon is a retail service.They are selling a product: an actual physical thing that you want and can even resell later (or return if you're not happy with it in many cases)
These guys are selling hope. Selling hope to desperate individuals who probably aren't good with money to begin with
The one thing Bezos does wrong is making his factory workers work under miserable condition's. "Helping everyday folk" you cannot help people at scale(more than giving a few lucky idiots a few grands) without taking anything back to continue the operation. Amazon delivers amazing service to their customers with razor thin profit margins(3%). They make money primarily from enterprise solutions (AWS) not from people like you.
@@lrochester1448 30% less? Where did you hear that myth
@@lrochester1448 Are you in the biz?
I'm a fairly experienced roulette player and can spend hours checking one before placing any bets. 5 wins in a roll and the casino will stop you on your tracks, either in Macau or Vegas.
Roulette is for idiots. If you are SERIOUS about winning from betting you bet on sports or master blackjack/poker. Forget everything else
Appreciate you trying to educate people in the sports industry
Vegas loves them some Mattress Mack! Love these betting insight vids. The regulators shouldnt allow the limiting of accounts. How do we get this changed? Its just not fair.
So if Im hearing this right, the syndicates destroy local bookies. That's wild.
So I live overseas and have access to a few books. BetCris is the one that take the largest bets, but if I were to join the syndicate, and jump my volume up and win, Im likely to get banned?
The worst part is all
The content creators shilling for the online sportsbooks making $ when thier fans lose. It’s almost as bad as the crypto rugpulls
I agree but at least you can actually win off a real game.. nft and alt coins were all a penny stock but even worse risk
@@dertythegrower imo it’s all gambling, alt coins don’t have a product or revenue just different variations of code with nothing else to offer.
I love that you're doing this Spencer, I won't watch the complete video cause my attention span is like squirrel right now, but I appreciate what you're doing man, I think I get the gist, peace brother love you
It’s literally 15 minutes long. How do you even live if you can’t focus for 15 minutes
@@jf8188 idk I was being dramatic, anyways, I read the comments and kind of get a summarization of what it's about, plus I've been a gambler for awhile so I know all about people lying and scams, I used to play RuneScape too and been on the internet sincewas a kid with people selling false dreams and scams and stuff, so yeah, but yeah you're kinda right lol
He's not wrong, i'm not a professional bettor but not a recreational either. I've manage to get 4.3% ROI this year with 5700 bets so far.
It's not easy money and sometimes stressfull.. You have to enjoy the ride and stop paying these guru.
Best trick is to find a strategy and try it with fake money on some apps! Stick with it until it fail. Repeat.
I don't sell picks, I bet myself. Here's my question though. If books DO limit bettors which they do, I've seen it, wouldn't it make sense to the sell because the books can't limit everybody who's taking your plays. Doesn't that alleviate some of the financial stress on your end of not being able to make money through your own wagers? Just a question.
Typically if I see someone who's a great talker who's selling pics, I know they're just marketers who probably suck. But if there are guys who I have been following for years and now they are limited because of how good they are, I wouldn't blame them for going tout. Being limited to $1,000 per bet with only a small edge makes it hard to make a living depending on how you're living.
It's still probably more profitable to use bots to place the bets but interesting question.
In the video the guy is limited to $1,000 and is able to bet $30,000 using bots.
That's kind of what I was thinking. Not that I think the guys that Spencer makes videos on are winning necessarily, but it seems like selling picks make some cash. If you sell picks that win then you'll have endless customers.
Say if you're limited and you can't figure out how to put together a program that automates betting, then what?
@@Hexomickey exactly. If I was limited by casinos, I'd sell picks, not even for ridiculous prices either. $20-30 a month so even recreational bettors can afford it. You get 300 customers a month that 9k pre-tax. Plus you can bet your own stuff with limited amounts. To me it seems like the way to go if you're not tech savvy enough to create algorithms lol.
@@thedaywalkervlog9860 $20-30 a month is cheap.
I charge 25-50% per win and I have one person willing to pay 50% and i should have two more in a few months paying 25%👍
Anyways if I were just guessing and spending 5 minutes per game and doing little to no research at all? Then I'd charge $20 or $30 per month I guess.
@@jeremyscorpio4170 the cheaper it is the more people who can afford it, given that you have some sort of social media presence. I have about 2300 followers. Even if a small fraction were willing to pay, it's good residual money. ✊🏿
I don't really ever search for anything bad on the internet anyway, but why would your employer or school be able to see your Google searches?? Especially on incognito mode. Why does the employer have the right to look at that?
I’m a net-positive sports bettor. I am limited on my Sportsbook, they delay big payouts, and customer service is awful for me. The books can’t stand winners. The rep I have for my Book leaves my texts on delivered for days at a time, meanwhile multiple thousands of dollars are frozen, untouchable. They hate winners so if books “partner” with influencers they 10000000% are losing bettors
Or they are paying them straight
@@jjcoola998 that another thing I think happens a lot too, they pay these guys to throw out losing picks lmao shit is so much more common than ppl think. Predatory ass business u have to be careful as hell man
This is my favourite YTuber I’ve come to follow the last 2 years :)
I was told you use wheelchair, Spencer.
Glad to see you walk again.
Was waiting for this one💯
You should meet marco piomonte. Or do some research. I wanna know how he does it.
This is sweet, I learned that I can setup a betting ring. Genius idea thank you @Spencer!
I'm kind of blown away by the outro Spencer. Advertising working with a betting syndicate to your viewers??? What in the world.
Absolutely. They profit.
So true! social media could be a platform for someone who’s solid but doesn’t have the bankroll yet too.
Love your videos man. Keep up the high quality vids
Just found your channel; love your work.
Don't you think some of these "professionals" are sponsored by the casinos? Like those that played the slots on stream on streams? Like twitch.
Vegas makes more off loss bets than all sports ticket sales, plus merchandise sales, and all other
Sports affiliated sales combined! What does that tell you?
Bet against the public!!!
What do you mean by bet against the public
Use VPNs…. Don’t bet on sport… that is all.
It really is common sense and i always thought this way even back in the infomercial days. If you have some secret or amazing way of selling houses or making money why the heck are you letting other people know. The whole world is scamming everyone now and it’s amazing how many people get taken in by it though
The people Spencer interviews here give you a good answer, basically, if people are actually good at betting in total, the book makers will limited their ability to make bets. However, they don't need people's money, but their ability to make bets, to make money
@@suddenllybah
Only if you are stupid and GREEDY. Which sadly most people are. If you only make one bet a month at a given betting shop..like I do in the UK. And you never aim to win more than around £200 at a time. You can go YEARS without anyone even having a clue what you are doing.
The idiots who keep rinsing the same bookmaker over and over for large sums deserve what happens to them. They've got no brains. I have been making my living for the past 7 years. Just betting on Greyhounds and Tennis. And I've never been banned or limited from any betting shop.
Because I only place one bet a month in any given shop. Let's say on the 1st of July I place a bet in Labrokes on the charing Cross road in London.
And I WIN. I don't return to that shop for another month. The chances are my next bet there will lose. In their minds I'm just another punter being lucky. They don't realize that I had a winning bet somewhere else in between.
Bet smart and you will never be stopped. Be loud and greedy and come to their attention. And you will..
I think most of us at this point are very aware these IG sport people/get rich quick kinda dudes are all hogwash as with any internet guru over the last couple of years but this is a wonderful breakdown of how people actually gain any kind of profit from this type of business. It’s far more complex then I could even imagine. It’s not a side hustle or anything the gurus claim, it’s a serious operation. It’s impressive but…wow is all I can. Gambling and betting is not something I do but this was very interesting.
The only problem is it’s very American centred
American gamblers seem to be staggeringly ignorant of how incredibly easy long term sports markets are to trade and that therefore, in spite of the bigger overrounds, they can be profitably bet in parlays and therefore you can get your bets on with books until you win 6 figures off them
One of your best episodes this year, for sure.
Very cool video on the look from the books perspective. Thanks for the video spencer.
Reminds me of counting cards. Steven Bridges had a great series on becoming a card counter. It's a similar issue as you struggle to get enough money down without causing suspicion. Winning is frowned on and he gets chased out of casinos. It's fun
It they have burner account with bookies they can hide their losses so you never really know what their win rate is
Love your videos. Will you ever do a video on Eric lindgren (the poker player) apparently he was known for making very very large bets.
Just like in anything there are 1% who do succeed. It’s hard to see it cause like the key word 1%. I’ve done sports betting for 30 years and yes it’s a tough industry. Lots of trial and error. But just like anything else u do it long enough u become good. Is it doable yes but it’s definitely not for everyone
This is very interesting to learn. Thanks Spencer!
Las Vegas wasn’t built on donations from happy winners.
Thanks Spencer! Just in time for my seasonal nfl betting..
Amazing job man you saving peoples lives..👌🙏
Protect Spencer by all cost
This video should be linked in the comments of every one of those fraud sports bettors' posts.
Pinnacle is located on my Island, my friends worked there as programmer
Great video 👌
Great video! Man I wish you would do something like this but for like stock/forex/crypto traders.
This is a fantastic video Spencer! It's too logical for idiots to learn from it but we appreciate this knowledge drop!
Unfortunately it’s way too centred on America and betting on games
Long term markets are far easier to beat but pinnacle doesn’t deal in long term markets as far as I’m aware and certainly not in parlays
Fascinating video Spencer, great job as always!
This was insanely entertaining and interesting, really good!
Real Winners never share their betting secrets. most importantly they never beg to people to join them for fees.
Not true
Seems like a stupid investment if you're only gaining 3-5% with insane variance and risk because you're trusting some Vegas bro has cracked the code on gambling. Why not just put the money in an S&P 500 ETF that has returned 11.88% over the last 60+ years? Even bonds have returned 5.59% over the last 90 years. Then again, sports betting has never really attracted bright people.
thats 3-5% Profit on Turnover. Events gets resulted almost hourly depending.. The yearly ROI with 5% edge can be thousands and thousands of %
its just because Americans are naive to how actual big gambling syndicates work.. and thats depsite having Bill Benter being a yank
3% is on every dollar of volume.
“Sports betting has never attracted bright people” - the people who win, like syndicates, are brighter than anyone who invests in the stock market lol.
I understand your comment but it’s very wrong. Someone getting 3% on volume is making an insane yearly return
Interesting
@@SpencerCornelia Oh I see what you mean. Yes 3% on volume would be insane.
IT guy here, PIA is legit and the best VPN
Your interviews are getting better Bro!
This guy is very very smooth at affiliate marketing
This is also why the poker room is 90% always next to the sportsbook room/and ONLY playing sports games on their TV's so after they bet on the sports they can go play poker while watching sports. More money for the casinos lolol
All the platforms need to clamp down on all the scum bags who promote scams to their followers.
Can you partner with the syndicate if you are neither a citizen nor resident in the US? And more specific you're not even physically in the US?
I assuming they use offshore books also so there shouldn't be an issue.
Great video!
Spencer kills people with facts and I love it
Great work, brother. Keep it up
Yupp… if they were making that much money betting why would they sell picks for hundreds ? Never makes sense
I have a question about the local bookie accounts they are using. They said they do a profit split with the actual owners. So, what happens when you settle up at the end of the year regarding taxes? Is the owner of the account left holding the bag for taxes on all the profits? I'm assuming these are above-board accounts since gambling is legal in so many states and they seem to be transferring money in but I'm also aware that traditionally bookies took only cash and the IRS couldn't track them. I don't do sports betting but I'm curious.
They are basically as an expense or their cost. Think of them as nothing more than a financial manager or broker who gets 20-25% for example.
Its not impossible to have 10-20% Edge... The problem is, the limits are usually very low to these smaller leagues... I have been profitable past 5 years but ive started from the bottom. But my stack have risen over 500% past 2 years... Obviously im still at under 100k bankroll.. i know if i manage to grow my betting bankroll above 100k most probably 99% of bookies will close my account.
Still over 8% edge on pinnacle, but im still rather small bettor. My average bet size is under 200$. But i try to get to over 500$. With that i could end my day job and bet for living...and im not selling bets, i just have a group of frienda from different sports specialists to share analysis and winning bets.
try betting exchanges
Easiest way to spot a fraud is ask them if they place their own bets. If the casinos take their action direct without runners they are not advantage bettors. If you consistently win and bet heavy the casinos will not take your action.
Met a guy in the elevator last night who said he had just lost 40k on Cincinatti, that sucks I replied. Getting off on my floor he yelled out that he would be betting on Broncos to make it back..
That's insane. With a bankroll that big if he just shopped a bit he could make a good monthly income off of it.
@@hhh1200 Who knows, for all we know it could have been all he had or more. I'm not an expert but if you're betting 40k on one game your bankroll should prbly be 2 mill minimum.
@@user-id9on6pp1g dude probably jumped off a building
@@user-id9on6pp1g
Correct but why are you betting 40k on one game. This is how STUPID people are. Bet 5k in 4 different places. Don't get GREEDY. And you can go for years without being detected. Like I have.
Yeh absolutely more accounts, I bet sports as a main profession for 5 years and it’s big battle to win besides being good at betting
but you said in your video mikki in las vegas is legit ? cmon spencer
Hey spencer hope you’re doing well, where can I get more information to find these bettors?
If you have account with a local bookie, email me spencer0cornelia@gmail.com