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December 26, 2007

Scalping, Cake and Misdemeanors

I found a nice 2 point arb yesterday (Wager Web vs BetAtlas, if you must know) on an NBA points totals.  I got the under in at 198 and then saw that the line moved to 198.5 on the over at the other book.  I was a little surprised since it was 5 hours until game time and I was not expecting any volatility in the lines.  Nonetheless it happened.

The impact of this is that if I put the scalp bet in on the over at 198.5 I have a situation where if the total comes in at exactly 198 I am "middled".  My bet on the under is a push and my bet on the over is a loss.  Since I was only going to make a few bucks on the arb itself I was looking at a large, although improbable, financial risk (hitting exactly 198) for a very small reward.

If I let the bet on the under stand without a scalp I would be much more likely to lose, but at least the payoff would be much higher.  I pondered this for a while and decided that it was very unlikely to land on 198 exactly and placed the scalp bet.  I am not sure if I made the right choice, though.  Still contemplating that.

December 23 I played in a Banana Slugs event with some buddies at ITH.  Three of us did a 30-player bounty SNG at Cake Poker.  Great fun.  I was drinking a little bourbon that night and was probably paying more attention to IRC than I was to the tournament during the first few rounds.  I did notice, though, that the play was generally terrible as too many players were playing bad hands for too long.  I was going to have to wait for cards.  Bluffing was not going to do much good against these silly folks.

I gimped onto the final table in last place, and one of my ITH buddies managed the same feat - being in second-to-last place.  About an orbit or two into the final table I went on a great heater.  I was getting big hands and getting called, and - MIRACLE OF MIRACLES - they were holding up.  I busted 7 players (for 7 bounties) and my ITH buddy busted one also.  We ended up HU, but I had an enormous chip lead.  I also got QQ my first hand HU and he called me with A5.  I boarded a full house and we finished 1/2.  What great fun!

On Christmas Eve afternoon the Bull family went to a local park for a nice walk around the lake.  We returned to our vehicle after about 40 minutes to see that the window had been smashed and Mrs Bull's purse stolen.  No cash, but credit cards, keys, ID's containing both our social security numbers, cell phone, and iPod Nano.  Ouch, baby, very ouch.

I was stunned that someone would pop that glass in broad daylight in a very busy area.  We filed a police report and cancelled the credit cards from my cell phone in the parking lot.  The police were nice, but I knew they were not going to go looking for a purse snatcher when they said if the credit card is used to file a separate report, because that is a felony.  Apparently smashing the glass and stealing a purse is just a misdemeanor.

On Christmas Day we received a phone call from a woman saying that her sons found the purse in their yard - about 15 miles from where it had been stolen.  We went to her house to retrieve it only to find that it was not my wife's purse, but it did contain some of her stuff.  We brought the purse home and emptied it out.  My wife recovered her IDs, her keys, her defunct credit cards and her cell phone.  We also discovered some IDs and keys belonging to someone else.  The name on the ID was in the phone book, so I notified them on Christmas night that we had some of their stuff.  They are coming by today to retrieve it.

Have a Happy New year everyone!

December 19, 2007

Sports Pick Newsletters

In an act that defies reasoning, I recently signed up for six different newsletters from sports betting handicappers that offer a free daily pick in their newsletters.  These pro cappers also offer a variety of ways to buy their picks...the free pick is just a tease...and a way to get your e-mail address so they can send you the daily newsletter.  In fact, I am certain that is the only point to them.  They exist to advertise their unbelievably good sports betting records (in size 14 bold font), their unbelievably affordable sports pick packages (in size 16 font) and then the free sports pick (in size 10 font) at the bottom of the page.

This must be a proven formula for successfully selling sports picks.  At least, I can think of no other reason why they would all do it the same way.  Unless they are all using the same newsletter service.  I am certain that several of them are from the same company, as the fonts, color schemes, etc. are so similar.

One thing I find particularly amusing is the manipulation of data they all use to make the sports capper look good.  They all want to advertise winning records, of course, so they select the data sample that makes them look best.  For example:

9-4 over the last 13 picks!!!

I take this to mean that the long term record is not so good.

106-88 over the last 194 picks!!!

I take this to mean the current season is not going very well.

18-10 over the last 28 four-unit picks!!!

(A four-unit pick is one in which the recommendation is to bet four of your betting units.) I take this to mean that overall this capper is losing money. 

None of the newsletters mentions the track record of the free daily pick.  It makes me wonder what the value of it is.  Would you post your best pick daily for free?  Or would you retain your best pick for your paying customers?  I have started tracking these free picks, and I'll post my findings in a few weeks.

December 17, 2007

Where are the Holiday Bonuses?

Attention all online sportsbooks, poker rooms and casinos!!! I am going to have massive amounts of time off work for the next few weeks.  Lots of leisure time sitting around with my computer sitting on my lap as I watch college football bowl game after college football bowl game.  I will also be enjoying some tasty adult beverages that may impair my decision-making capability.  This would be a GREAT time to offer me some bonuses to come play at your site.   (Hint, hint hint!)

I expected there would be an increase in bonus offers this month, but so far I have not noticed a spike in activity.  I don't really need a poker bonus as I still have enough Cake Poker bonus remaining to carry me through the holidays.  What I need are some sportsbook bonuses to choose from.  Just a few good ones, as I can't move money around quickly enough to plow through too many between now and then.  I'd also take a couple of good casino bonuses - just make them at one of the handful of casinos where I can actually play AND cashout. 

The decline of online bonuses over the past 18 months is well known by us bonus chasers.  I think there are several reasons for it:

  • The proliferation of bonus chasing tips and techniques by knuckleheads like me.
  • The reduced new player numbers brought by the UIGEA
  • Increases in transaction fees since the demise of Neteller

Still, promotional bonuses are a great way to attract some extra business, especially for poker sites.  You'd think there would be more offerings.  Maybe there will be some offers in the next week.  I sure hope so.

December 12, 2007

BetOnline Review

My Bonus Blog was more popular than I thought it would be.  My Google webmaster tools tell me it is the most popular page on my website.  Laughing

I chased the bonus at online sportsbook BetOnline recently.  I give it a tepid review.  The biggest drawback is that Americans only have two withdrawal options: cashiers check and bankwire.  The cashiers check costs $50 and takes 10 business days.  That's the cheap option.  Cashing out is crap for US players.  If you can use Neteller, ur probably fine.

The bonus is a 50% freeplay.  The lines are mostly square and only NFL consistently offered moneylines on games with long odds.  Juice is standard.  Selection is ordinary.  The flash casino will not work with Firefox - support even told me so when I complained. 

I scalped out vs Wager Web and SIA, and it took a long time, not many good scalps...but I had some bad luck with many dogs winning.  In fact, I busted the cash and then won my freeplay and ended up running it up to $5K - which is why I know so much about cashing it out.  UGH!

Happy Chasing!

December 04, 2007

Learning Sports Betting

I spend more time at online sportsbooks than I do at online poker rooms, but I generally prefer the company of poker players over sports bettors.  I find that sports betting seems to draw a higher persentage of degenerate gamblers than poker.  Degenerate gamblers are fun to be around sometimes, but not that often.  Consequently I spend most of my forum time on poker forums vice sports betting forums.

Despite my fondness for sports betting, I am not a degenerate gambler.  In reality, I am not really betting on sports at all.  My strategy is to take whatever the sports betting market will give me in bonuses and arbitrage.  I am a risk averse gambler.  Another story for another time, perhaps.

Something that I have found surprising is the number of poker players who are seemingly intimidated by sports betting.  Poker players who have spent hundreds of hours studying Texas Hold'em books become frustrated after a few minutes of looking at the array of numbers on a betting board. 

I was a little intimidated myself the first few times I looked into sports betting.  There's quite a lot of information packed into a small wagering line.  There's also a lexicon particular to sports betting that should be learned.  Strategies to grasp.  etc.  Once I decided to spend about a half hour learning what the parts of a wagering line were, though, I was hooked.  Especially when I realized that there was risk-free money to be made.

I came to that realization on my own one day, and I thought for a few minutes that I had invented something no one else had ever thought of - scalping books for bonus money.  I thought something similar once several years ago about poker bonus chasing.  I conceived the notion on my own, thought I was a genius, and then discovered that the Bonus Whores website was already in full swing.  So it was with my sportsbook scalping idea - already well-documented in some places.  Not as much as poker bonus chasing is, but I definitely was not the first person to think of sportsbook bonus chasing.

I have tried to make learning sports betting easy and fun at BullsBetting.  I have had several people tell me they learned from my site and made some easy money, so I have been somewhat successful.  I am working on another project now that I hope will make it even easier....and more comprehensive.  I hope to be able to announce it by the end of the month.