What is your handicapping repertoire?

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Voulgharis used to make millions every year in the NBA betting nothing but second half totals. He'd look for games that were really off pace and bet the correction in the 2nd half. He killed it for years and then Vegas got better with the halftime lines in the NBA and it was no longer worth his time. I heard he won 7 million over three years. ......


A simple logic test resolves these such questions. I am very skeptical as to the accuracy of such claims. Who is taking bets of even 50K on 2nd half NBA totals? Not an online book on the planet. And any book that has a player winning millions would kindly assist a player to the nearest exit. Companies don't purposely go into business to go broke.

Vegas casinos won't book such action unless they know it's a whale who will toss the deeds to expensive apartment buildings out the window like a normal man would toss a penny on the street.

I saw a video of Voulgharis a while ago and I found him not believable.


Just break down the math.



He would not be getting down even $22,000 for NBA 2nd half. So we can cross that out. Let's go with what is easily attainable.

$2,200 total per wager.
Assume (and this is a big assumption) he can get 55% long-term.


$2,200 x 450 = - $990,000
$2,000 x 550 = +$1,100,000


1000 picks at 55% risking 2200/2000 yields + $110,000
3000 picks at 55% risking 2200/2000 yields + $330,000
5000 picks at 55% risking 2200/2000 yields + $550,000


I can tell you that as production increases, quality will simply decline. It is a law of nature. Even producing 55% over 1000 picks over a 8 month season is incredibly hard to do. Increase the volume and the winning % will simply go down. One of the reasons is b/c you won't be opting for optimum opportunities.

If he went with just 1000 picks and managed to get down 11,000/10,000 cumulative, then maybe he could crack $500,000 profit in one year.



Psychologists craft tests that pinpoint honesty and consistency to move towards an accurate assessment of the reality. I'm sure I could sit down with a team of doctoral psych candidates and we could devise a series of tests based on simple Q&A that could be given to Voulgharis and it could be categorically determined that he is lying. End story.
 

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There was a book written about it, as well as many articles done on the guy. He was betting in a Vegas casino. The casino validated it. What's so hard to believe. The man used to be an NBA scout, he knows players, teams and coaches. It's not fiction. It really did happen. Search his name on Google. The story will pop up. I know cause he also plays poker as do I and we know some of the same people. I've heard from more than 1 mouth that it is true. He was winning over 60% of his bets and he was getting down for 5 - 10k. Casinos let him cause they thought he would lose then when he got the casino stuck the casino got hip to what he was doing and pumped lines on him.
 

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I will research it with the suggestions you provided and make a more informed decision.

The guy, however, did not seem believable. Lenny Dykstra says lots of things, but believing his shovel's full is another thing. Just because words or a story flows out of a dude's mouth doesn't mean it's true. If it is true, hats off to him.

But even think about the casino/book. You don't think they'd realize they're getting dinged for a million a year? Lolz. They manage their books and know exactly what's going on. Most businesses nowadays won't provide free coffee for their employees, yet a casino/book backed by a major corporation is going to let slide millions in losses each year? Ha ha.

They're not going to let a guy off the street come in and stick it in them month after month, year after year.... and say thank you very much.


I can, however, guarantee that no man is hitting 60% on -110 on large volume. And to hit his numbers he'd have to have large volume.
 

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He wasn't a guy off the street. They knew who he was, but they believed that their numbers were so good that he couldn't beat them. He's pretty well known in Vegas. I heard he doesn't even bet sports anymore.

Youre right, hitting 60% in long run is a pipe dream. I know a guy whom lives in Vegas and makes his living betting on sports. Most of it is from Golf and Tennis props and Boxing, but he also messes with NFL, Coll. hoops, and some MLB. He said he hopes to go 55 - 56% and because of his volume and betting a few k on each game he can earn a living. But he is part of a syndicate that uses extensive software and has databases filled with archived information. He isn't just picking from game matchups. He doesn't even make the picks, except in NFL. He won the Hilton contest about 7 years ago for over a half mill.
 

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I can tell you lots of spots where they casino got took for millions because of bad management. There was a guy who came to AC a few years ago and took the Trop and Caesars for 1.7 million in two nights playing blackjack. The casinos thought he was just a rich business man who liked to drink and gamble, but the guy was sharp with the count and he got them good. It was all over the local news.
 

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I took you off PR for now Tony.
 

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I love Billy....whale of all the whales in Vegas.

He ain't destroyed Vegas and no one else will either.

Pipe dream to hammer these books before they adjust.
 

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Billy Walters doesn't win 60% if the time either, he's just betting really big and putting a million in action on some days. Sh!t, even if your ROI is a measly 3% then that's 30k profit per day. Who needs it, right?
 

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Ok...what if Billy LOSES big for an extended period time?

Really BIG can get even Walters in trouble in a hurry.

Ain't about the money, its the bets that win or lose the money.

Billy may take a fall one of the days...not likely for Vegas Books.
 

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He probably has the BR to withstand a pretty big swing. That's my guess. No matter how you shake it, to chop out money betting sports is a grind. I'm trying to create a tool that supplies a different set of logic to whether or not you put money behind a selection. I really don't see how it won't do better than the avg. bettor. If it can win at a 57% clip in the major sports that would be a terrific position for a $25 or $50 bettor to be in and is lots better than where they are right now.
 

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Anybody interested in entering 2nd half picks in the MLB So we can test the collaborative handicapping theory let me know...
 

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Very interesting guy. Take back some of my skepticism.

However, is it true he made his real money by starting Wagerstreet, which he then sold to The Greek (Spiro) for big money? Some speculation on that and that the rest is window dressing. I have no idea, but guy is very interesting.
 

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Bottom line is if you aren't using a sophisticated software that can do some pretty unique things then you are throwing your money into the ocean. That's why I am building the public's software for those that can't afford to or know how to design their own. My goal is to make that avg. bettor who knocks around with $25 or $50 bets a force to be reckoned with.
 

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