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but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.
that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting. I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term I remember a guy who posted here in the forum that he made $90k from just $4k by following the pattern of betting with all the money won from the previous bet in the next bet, and when he made the bet with $90k, he lost it all. He also mentioned that he had made about $400k once using the same pattern. I don't understand what's the point of winning so much money if you are losing it all at the end of the day and aren't using it for something useful in your life. A lot of gamblers manage to win significant amounts of money with just a small amount but they never stop and withdraw that money but lose it all again to the house, such wins are basically useless unless someone learns to control their greed and starts practicing the perfect time to stop when gambling. You can bet incorrectly and even win by luck for a long time, but not indefinitely. That's one reason why many people believe they can analyze the market and the teams. Do you truly believe that you alone can consistently outperform the full-time analysts hired by bookmakers to set the odds? Only a very small number of professional bettors can eventually achieve this...a very small number. |
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there's nothing wrong in putting all your available gambling funds on it
very good strategy |
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I agree. I mean, in these day and age where things are getting more modern and modern, hearing about professional gamblers is not already new to our ears but it will always struck us how did they manage to keep their financials and career on the up and up. I know it's not that easy because there are no guarantees in this space and our chances is much lesser because of the fact, still there are some who people are successful on their path and I admire them for that.
If you're a winner, the bookmaker will eventually restrict your account. Therefore, it becomes necessary to create multiple accounts. Conversely, if you're a loser, the bookmaker may offer higher limits and bonuses. That sums it up. |
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I had already commented on this in one of my posts a few days ago, I'll repeat myself, many sites people are talking about how it is possible to win over time and make a profit and that why other people don't win over time and accumulate many losses, but it's funny that no one who gives this advice doesn't show their betting results over the years, over the days, they keep writing very long texts that most of the time when I read these long texts and I get to the end of the text I'm already very sleepy
so after I reach the final of these long texts I'm wondering why they just don't post pictures with their results, with that it will be very easy for all of us to see that they managed to win Z games in X bets and made Y profit, with that too we'll see how much profit they get over the day and month and year, they won't need to write a very long text that has a lot on the internet, with proof and easier to believe, with that I want to encourage the OP to take time and show in this thread your betting results
I utilize bonus hunting and arbitrage strategies. Just make some calculations. In my location, there are over $10,000 in free bets and bonuses available. On average, I can profit around 40% to 50% from these offers (it's low due to the free bets). Now, multiply this amount by hundreds of friends' accounts (or friends of friends) over 10 years. "Hey... but this goes against the bookies' T&C." Mate, do you think the bookmaker will create rules to help you make money instead of themselves? And there is nothing illegal about this. I am simply managing my friends' accounts. Many people will never place any bets, but the potential bonus is there for them. You just need to go and take it, and split the profits. |
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OP, how would you determine the right stake for a value bet you have identified?
Let's say you can bet on only one coin toss, your chance is 50% but the payout rate is say 2.5. What percent of your betting funds would you put at stake and what logic/formula would you use?
Kelly Criterion is a formula that helps determine the optimal percentage of your bankroll to wager: f = (bp - q) / b f is the fraction of your bankroll to bet b is the payout rate minus one p is the probability of winning q is the probability of losing In this case: f = (1.5 * 0.5 - 0.5) / 1.5 = 0.1667 So, you should bet 16.67% of your bankroll on the coin toss. In value betting, it is generally recommended to not exceed a certain percentage, such as 2% of your bankroll, to mitigate potential losses and manage risk effectively |
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Understanding the concept of fair odds is a pivotal step towards grasping why the vast majority of bettors continually face losses in the realm of sports betting. Let’s start with a simple coin toss, where each side holds a 50% chance (or 0.5) of landing face-up. The fair odds here would be 1/0.5 = 2. Now, consider a six-sided dice roll. Each face possesses a 16.67% chance (or 0.1667) of landing face-up. The fair odds, in this case, would amount to 1/0.1667 = 6. If you bet on five out of the six faces, you secure an impressive 83.33% chance (or 0.8333) of winning. The fair odds for this scenario equate to 1/0.8333 = 1.2. In other words, if you place a $1 bet on five out of the six faces and win, you’ll receive $1.2. At this point, you might be tempted to think that betting on favorites with low odds would ensure long-term success. However, that’s not the case. Let’s delve into some calculations: Expected Value (EV) in statistics is a predicted value of a variable. It is calculated as the sum of all possible values, each multiplied by the probability of its occurrence. In the context of sports betting, EV represents the long-term average payoff from an event. If the EV is positive (+EV), the bet holds the potential for profitability in the long run. Conversely, if the EV is negative (-EV), the bet is likely to result in losses over time. EV = (Fair Win Probability) x (Profit) - (Fair Loss Probability) x (Loss) Consider an operator that charges a commission for the dice roll game, causing the favorite to have odds of 1.17 and the underdog odds of 5.85. What would happen if you bet on the favorite in the long run? You’d end up facing losses. Let’s calculate: EV = 0.8333 x ($0.17) – 0.1667 x ($1) = -$0.025 In this case, for every $1 bet, you’d lose $0.025. The result would be the same if you bet on the underdog with odds 5.85: EV = 0.1667 x ($4.85) – 0.8333 x ($1) = -$0.025 It doesn’t matter whether you bet on low odds or high odds; in the long run, you’ll lose money. Now, imagine a tennis match where two players are evenly matched, each holding a 50% chance of winning. The fair odds for both players would be 2.0. However, bookmakers offer lower odds, such as 1.9 for each player. This discrepancy represents the bookmakers’ commission. Let’s calculate the EV with odds of 1.9: EV = 0.5 x ($0.9) - 0,5 x ($1) = -$0.05 These examples highlight one of the main reasons why the majority of bettors struggle to make profits in sports betting. Placing bets based on guesswork simply doesn’t work!So, how can you break free from this cycle of losses? To beat the bookmakers, you need an EDGE, a strategic advantage that maximizes your chances of success. Here are some proven strategies that bettors can explore: Value Betting: This strategy involves identifying differences between perceived probabilities and bookmakers’ odds. Experienced bettors gain an advantage by strategically placing bets on outcomes with higher odds than the actual probability suggests. A simple way to find value bets is by comparing the odds offered by different bookmakers and considering the odds from “sharp bookmakers” such as Pinnacle as the “fair value.” If you find a significant difference, you have identified a value bet. This approach sets the foundation for long-term profitability, although some variance is expected. Arbitrage Betting: This simple yet clever technique capitalizes on variations in odds offered by different bookmakers. By placing wagers on all possible outcomes of an event, you guarantee a small profit, regardless of the result. However, it’s essential to be aware of potential risks, such as the cancellation of bets by bookmakers. Bonus Hunting: Exploit bookmakers’ bonuses to maximize your earnings. The term “bonus” refers to promotional offers (free bets or deposit matches) that bookmakers provide to new or existing customers as an incentive to sign up or continue using their services. You have to use the bonus hunting strategy along with value bet or arbitrage. In addition, effective risk management and emotional decision-making are paramount. It’s crucial to allocate your funds wisely, set a budget, and avoid impulsive bets driven by emotions. To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary. To further enhance your knowledge about bonus hunting and arbitrage to increase your chances of long-term profitability, I highly recommend checking out the eBook “Be The Hunter.” This comprehensive guide provides step-by-step instructions on implementing a robust betting strategy, managing risks, bonus hunting, and maximizing your earnings. Get your FREE copy at https://bethehunternow.com/how-to-make-money-in-sportsbetting |
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Theta Network partners with DLive to bring decentralized video streaming to over 5 million users"The partnership will begin with Theta’s peer-to-peer streaming protocol being incorporated into the DLive video platform on both desktop and mobile devices, allowing DLive users to relay video on the Theta Network and earn TFUEL token rewards." San Jose, CA, October 10, 2019 — Theta Labs has announced that the Theta Network will soon be incorporated into DLive, the upstart live-streaming platform that has grown to more than 5 million monthly users in its first year of operation. Theta Network, the leading blockchain video infrastructure protocol, will work with the DLive platform to enable peer-to-peer video relaying of DLive video content. DLive is preparing to take on YouTube and Twitch with a decentralized, collectively-owned video content distribution system to more fairly compensate content creators. DLive has seen explosive user growth since adding PewDiePie to its roster of streamers, with 5 million monthly users and growing across both desktop and mobile, and concurrent viewership has reached as high as 200,000 users for top streams. But major user growth comes with new challenges in scaling a video platform.“The DLive platform has grown tremendously in 2019, but with that comes fast-rising content delivery costs,” said Wilson Wei, CEO of Lino, the blockchain protocol where DLive is built on. “By adding Theta Network to DLive’s video infrastructure, DLive can reduce those costs by 50% or more, making DLive platform growth more sustainable. This is how we can grow from 5 million to 50 million monthly users, and we’re excited to explore long-term strategic opportunities between Lino and Theta.” The partnership will begin with Theta’s peer-to-peer streaming protocol being incorporated into the DLive video platform on both desktop and mobile devices, allowing DLive users to relay video on the Theta Network. Further collaboration is also in the works, such as content syndication between SLIVER.tv and DLive, cross-promotion and other ways to incentivize and benefit e the combined 8 million users. “We’re thrilled to introduce the Theta Network to DLive’s 5 million users and bring decentralized video streaming to a mass audience,” said Theta Labs CEO Mitch Liu. “This partnership marks a major milestone for the Theta Network, making us one of the most widely utilized and adopted blockchain technologies of any industry. The DLive team shares our long-term vision to transform the media and entertainment industries through decentralized technologies, we’re looking forward to a great partnership.” Source: https://twitter.com/Theta_Network/status/1182228515338346502https://twitter.com/OfficialDLive/status/1182461283519479808PewDiePie is a famous streamer with more than 100 MILLION subscribers on Youtube https://www.youtube.com/user/PewDiePie
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Will it conflict with traditional video platforms?
no...Theta protocol can be used by any video platform to save CDN cost. Theta is competitor of CDNs. |
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Brave Browser (BAT) and Sliver.tv/eSport Streaming (TFUEL): Advertising Partnership"In phase 1, we’ll begin with a joint marketing campaign, with ads for the Brave browser appearing on SLIVER.tv, as well as SLIVER.tv/Theta Network ads featured in the Brave browser for users who opt into Brave Rewards. This is a great user acquisition opportunity for both projects; when a Brave user gets a notification to “tune into SLIVER.tv and earn TFUEL for relaying video streams”, we know it’s going to a user who is already familiar with blockchain technology, and is an ideal person to introduce to the Theta Network. Similarly, a user who is already on SLIVER.tv earning TFUEL understand the concept and value of earning tokens for contributing their resources to a network, so will be more likely to adopt the Brave browser." Monthly Active Users- Brave Browser: 7 million - Sliver.tv: 3 million More info: https://twitter.com/Theta_Network/status/1151599213140049920
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Brave Browser (BAT) x Sliver.tv/Theta Network (TFUEL): Advertising Partnership"In phase 1, we’ll begin with a joint marketing campaign, with ads for the Brave browser appearing on SLIVER.tv, as well as SLIVER.tv/Theta Network ads featured in the Brave browser for users who opt into Brave Rewards. This is a great user acquisition opportunity for both projects; when a Brave user gets a notification to “tune into SLIVER.tv and earn TFUEL for relaying video streams”, we know it’s going to a user who is already familiar with blockchain technology, and is an ideal person to introduce to the Theta Network. Similarly, a user who is already on SLIVER.tv earning TFUEL understand the concept and value of earning tokens for contributing their resources to a network, so will be more likely to adopt the Brave browser." Monthly Active Users- Brave Browser: 7 million - Sliver.tv: 3 million More info: https://twitter.com/Theta_Network/status/1151599213140049920
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According to the Head of Strategy (Wes) in the last AMA, there will be the announcement of the Validator Node ("very respected name") 1st Validator Node: Mid-July (it can be anytime from today)2nd Validator Node: July / August The Validator is a very big company. AMA minute 7:10https://www.youtube.com/watch?v=mb67Wbb2CZI&t=1824sMore info: www.thetatoken.org |
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Theta Edge Cacher v1 beta released We’re excited to announce the release of the beta version of the Theta Edge Cacher, allowing users to share their excess bandwidth resources as a caching node via a desktop client, without the need to be a viewer on any video platform. The beta Edge Cacher is included as an upgrade to the existing Theta Pre-Guardian Node client and can be downloaded for Windows PC here: PGN / beta Edge Cacher (GO TO ORIGINAL POST ON THE LINK BELOW). While the client can be run on Mac/Linux using a Windows emulator, we will also release dedicated versions for those operating systems in the future. Unlike watching a video on SLIVER.tv and sharing your stream, the beta Edge Cacher allows you to act as a pure relayer in the Theta Network. For the more dedicated contributors with significant bandwidth to share, the Edge Cacher is the way for you to share 24/7 in a relatively resource-light client. Your device will experience less CPU load than that of a regular relayer on SLIVER.tv, and since you aren’t running any browser, there aren’t any browser crashes or cache limits to deal with. Note, your eligibility to run the Edge Cacher is determined by your system’s performance. If your upload bandwidth is not sufficient to effectively contribute to the network you might not be peered with other users, since priority for those peer slots would be given to users who can best contribute to the network. The v1 beta does not offer real-time analytics of bandwidth performance, but you can monitor this using the Performance tab of Task Manager, or if you are more technically-inclined with a free network analyzer like Wireshark. In this first iteration, TFUEL earnings will be distributed monthly to the on-chain Theta address you have verified in the PGN client. The fully-fledged version of the Edge Cacher, to be released later this year, will feature TFUEL earnings distributed directly to your address as you relay video data. Other PGN/edge cacher client updates include: Info section added, with direct links to Theta wallet, explorer, and website An update installer that allows you to check for PGN/edge cacher updates and install directly Various minor bug fixes, including the window minimization issue that some users reported With 670+ active PGN clients running as of today, the overall network of Theta relayers just became a lot stronger with today’s release. Running the Edge Cacher doesn’t just let you earn TFUEL for sharing your bandwidth, it gives us valuable data to keep improving the Theta Network and the production Edge Cacher for later this year. To that end, please send us any feedback/issues with the Edge Cacher to support@thetatoken.org. We appreciate all the growing number of contributors to the Theta Network! Cheers, The Theta Team *The production versions of the Guardian Node client and Edge Cacher will be separate applications; this combined version is only for the early PGN and beta Edge Cacher builds. ORIGINAL POST TO DOWNLOAD THE CLIENT: https://medium.com/theta-network/theta-edge-cacher-v1-beta-released-2177923e8baa
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Klaytn blockchain was launched yesterday - June 26.
They sold $90 million in private sale only.Article below by HASHED - the fund that grew from $600K to $250 Million in 18 Months. "Klaytn is off to a strong start with 30+ launch partners with a collective 600+ million user base in its network. (The crypto market has an estimated 30M-40M users today.)"Sliver.tv is one partner!!! You can earn $TFUEL just watching the streamers and sharing bandwidth!https://www.thetatoken.orgOur Investment in Klaytn: The Path Towards Mass Adoption"We are proud to announce that Hashed has invested in Kakao’s public blockchain project Klaytn as a lead investor and an accelerator. Kakao (KRX: 035720) is the dominant mobile platform in Korea with 96+% market share, 50M+ MAU, and loyal users of ARPU at $40+ USD. We believe Klaytn is the most distinguished and meaningful experiment towards mass adoption in the most attractive market in the crypto industry today. At Hashed Lounge meetup in Seoul during Fall of 2017, our first conversation with Jason Han about opportunities in blockchain began. It was during the initial formation of GroundX, a blockchain subsidiary of Kakao, and the timing could not have been more opportune for the most dominant mobile platform in Korea to seek its next leap forward in the blockchain industry. Korea accounted for the 30% of the global crypto trading, and several media sources claimed that about 40~50% of Korean white-collar workers had exposure to crypto assets. Moreover, supplementing the retail interest, tech startups in Korea such as Watcha (#1 movie-streaming service) and Spoqa(#1 mobile reward points service) were actively investing and exploring business opportunities in blockchain to either open up their ecosystem or augment existing business models. Klaytn started at a critical time when there was simply no usable blockchain platform for these industry pioneers. Spoqa, for example, was processing payment data of $2 billion annual transactions but could not find a platform that could meet all of their technical requirements. Asia, seeing immediate adoption from consumers already familiar with digital assets, could not just wait on the project timelines of leading smart contract platforms in the market. Instead, Klaytn is off to a strong start with 30+ launch partners with a collective 600+ million user base in its network. (The crypto market has an estimated 30M-40M users today.)
 What is interesting about Klaytn is that its impact is not only limited to accelerating the growth of the existing blockchain industry by providing user-friendly and enterprise-ready blockchain platform for businesses to build services that were previously impossible, but also bringing a whole new set of consumers and institutions to experience decentralized services.  As the blockchain industry matures, similar to how internet platforms have developed today, we believe that the blockchain platform landscape will be equally, if not more, determined by those who can provide unique contents and strongest user/dev retention on the platform. In this regard, the fact that the Kakao team has a proven track record of building and operating #1 messenger with 96+% of the market share, #1 mobile contents platform, #1 mobile game publisher with 550 million users, #1 music streaming service, #1 mobile payment with $18 billion yearly transaction volume, #1 character brand (emojis) and #1 taxi-hailing app with 97% market share in Korea attests to its tremendous potential. With genuine experience in scaling large companies, Jason Han and his team are bringing their A game to the blockchain industry, and we expect their historic efforts paying out in the near future for one of the most important initiatives made by Korean tech giants.The team’s history alone, however, could not have been the sole indicator for its future success. With their in-depth understanding of the blockchain technology and its ability to transform the current landscape, the team openly embraces a unique philosophy in which it is daring to break down existing silos to create a new foundation for collaborative competition, and thereby increasing its global footprints. Such platforms with open network and data set allow a new generation of developers to build thousands of apps built on top of one another. This new foundation opens a possibility to design entirely new models for user interaction and self-expression based on shared data layer and identity among apps. While conflating the boundaries could create new types of UX problems, Klaytn is providing all the right tools to iterate fast on new standards and best practices. This is not just a hopeful imagination but already happening with Hashed backed teams The Sandbox, Axie Infinity, and Nodegames (Crypto Sword & Magic) building top quality games with provable scarcity and true digital ownership that Klaytn blockchain provides natively. We at Hashed believe that economic growth and distribution through clear governance and incentive mechanism is of critical importance for such foundation to succeed. That’s why Hashed research team has been working hands-on with Klaytn team three to four times a week for 3 months on overall protocol design to implement Proof of Contribution to encourage and incentivize all participants to spontaneously engage in economic activities — building a ground for the healthy growth of co-opetition. Each participant will, of course, try to encourage users to use their particular service. But because the underlying infrastructure is open, participants and developers will be able to compete with one another while building on top of each other’s features and user behaviors. All kinds of new economic and user paradigm could emerge as services compete to help users interact with services and networks in ways that were never before possible. Over 100 engineers, researchers, and operators at Klaytn and Kakao HQ have been collaborating and tirelessly supporting launch partners towards its main-net launch today. This is the most important and impactful experiment in the most attractive market in the crypto industry. We look forward to seeing all of the amazing ecosystems that will be built on Klaytn and the changes it will bring to the global landscape of mass adoption." SOURCE: https://medium.com/hashed-official/our-investment-in-klaytn-the-path-towards-mass-adoption-3d94e019bd90
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