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Bovada loses nearly <img  million Bovada loses nearly <img  million

02-25-2015 , 11:06 AM
Quote:
Originally Posted by Masq
That's nothing, other bookies lose tons more on events. They'll get the money back as the same people who won the bets will keep betting sports and taking long term losing bets.
I doubt they get most that money back from these same people. Allot of them will most likely try and hit the same long shots with small bets again. Losing only a few bucks at a time. And by a few bucks I mean $1- 5. If you were one of those who hit and won 10K plus. That is allot of $1-5 long shot bets.


Quote from article :

"We're not getting this money back from the people that won," Bradley said. "The type of bettor that wins these bets throws a small amount of money on all the favorites or all the underdogs to try to get rich. Well, I guess it worked."
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02-25-2015 , 01:42 PM
Quote:
Originally Posted by RU18LOL
you would think they made a killing. The general public normally always bets favorites
In my experience the higher bets come in on the favourites while the punters often bet small amounts on underdogs. This type of event with all the underdogs (except one) winning is a complete fluke and with parlays being offered bookies are going to lose a fortune.
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02-25-2015 , 03:55 PM
Is it just me or does 1 million sound like they got away pretty easy with the way that card went?
Bovada loses nearly <img  million Quote
02-25-2015 , 04:01 PM
Quote:
Originally Posted by wormmis11
Is it just me or does 1 million sound like they got away pretty easy with the way that card went?
Had the 1 favourite that actually won lost, a lot of sites would have gone bust. Still 1 million does seem a little light.
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02-25-2015 , 04:03 PM
Quote:
Originally Posted by Two SHAE
This is the kind of thing that makes people think it's fixed.
its pretty hard to fake a faceplant knockout, like literally land headfirst borderline unc with zero attempt to stop yourself.

lol just lol, remember these ignorant "people" have the intelligence of a slug.
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02-25-2015 , 06:25 PM
Is this news because they are crying about a downswing? Shouldn't this be in BBV?
Bovada loses nearly <img  million Quote
02-25-2015 , 07:49 PM
Quote:
Originally Posted by RU18LOL
you would think they made a killing. The general public normally always bets favorites
Public usually takes big underdogs in fights. Sharps lay the favorites.
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02-25-2015 , 07:53 PM
Quote:
Originally Posted by Love_the_game
lol Calvin Ayre became a Billionaire from bodog.. 1 million is chump change
Exactly what I thought. I'd love to see a break down of their average daily profits from poker, casino games (they got these right?) and sports book.



I'm sure $1 mill to them is like 1 of us loosing a couple of singles.
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02-25-2015 , 08:27 PM
well they suckered me in to betting a parlay for saturdays ufc

well played bovada
Bovada loses nearly <img  million Quote
02-26-2015 , 12:17 AM
Quote:
Originally Posted by psychosocial
well they suckered me in to betting a parlay for saturdays ufc

well played bovada
That's a good point.
Bovada loses nearly <img  million Quote
02-26-2015 , 02:28 AM
The craps table at some dive casino was hot for a few hours. Too bad that didn't get on espn.
Bovada loses nearly <img  million Quote
02-26-2015 , 06:57 PM
Quote:
Originally Posted by psychosocial
well they suckered me in to betting a parlay for saturdays ufc

well played bovada
I most likely will to. Well played indeed.
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02-26-2015 , 07:39 PM
Quote:
Originally Posted by WOAT1Time
The craps table at some dive casino was hot for a few hours. Too bad that didn't get on espn.
I was once in an AC casino playing craps with my friend as he turned $100 into over $100,000 betting hard-ways. If they could have, I am certain the casino would have liked that event publicized because in the long run their edge on hard-way bets is much higher than betting the Come with odds. Same probably holds true for these losing UFC bets as the vig on these type of sports bets is very high and long-term profitable to those taking them.
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02-26-2015 , 07:57 PM
I would have assumed a site the size of Bovada would have million dollar swings pretty regularly. Shows what I know.

Does seem like great marketing for them though. I never bet sports but still had to resist the urge to run some parlays after reading the article, i'm sure there will be others who can't resist.
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02-26-2015 , 09:29 PM
Quote:
Originally Posted by SeeTheMirage
I would have assumed a site the size of Bovada would have million dollar swings pretty regularly. Shows what I know.

Does seem like great marketing for them though. I never bet sports but still had to resist the urge to run some parlays after reading the article, i'm sure there will be others who can't resist.
It does not happen often enough, which is why they make money on these high return high risk bets.
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02-26-2015 , 11:55 PM
Quote:
Originally Posted by RU18LOL
you would think they made a killing. The general public normally always bets favorites
The general public don't often bet on UFC though, I know degenerate gamblers that don't even bet on it. I get what you mean some people blindly bet on favourites no matter what but they tend to do so on the real popular sports and not the likes of UFC.

I've been telling quite a few people that if your knowledgeable about UFC you can make a decent amount of money because they seem to get the odds wrong. Not every underdog wing like happened here but it happens enough.

I don't think it will be too long though until every fight both fighters will be priced at below evens apart from those fighting against genuine world class fighters like Ronda.
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02-27-2015 , 09:43 AM
Quote:
Originally Posted by pissychips
The general public don't often bet on UFC though, I know degenerate gamblers that don't even bet on it. I get what you mean some people blindly bet on favourites no matter what but they tend to do so on the real popular sports and not the likes of UFC.

I've been telling quite a few people that if your knowledgeable about UFC you can make a decent amount of money because they seem to get the odds wrong. Not every underdog wing like happened here but it happens enough.

I don't think it will be too long though until every fight both fighters will be priced at below evens apart from those fighting against genuine world class fighters like Ronda.
Ronda has pretty much destroyed everyone she has faced but for some reason my inner voice is telling me that Cat is going to win.

If anyone wants a good value UFC bet. My pick would be Nelson to win at UFC 185 vs Overeem. He is +200 to win on a straight bet at current lines. I only checked one betting site so you might be able to find better lines. Not sure the odds on (T)KO. But if he wins this is the most likely way that he does it.
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02-27-2015 , 05:51 PM
Quote:
Originally Posted by pissychips
I don't think it will be too long though until every fight both fighters will be priced at below evens apart from those fighting against genuine world class fighters like Ronda.
Like -200/-150? lol not a chance
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02-27-2015 , 06:33 PM
I almost want to bet the dogs now
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02-27-2015 , 10:43 PM
Quote:
Originally Posted by 70months
Like -200/-150? lol not a chance
I am surprised they aren't already to be honest. I don't know much about American betting lines but in England the bookies usually suck every decimal they can get out of the odds they offer. But in UFC they seem a little slow.

I don't bet on every underdog of this last card I only had 1 bet which was Frank Mir, I don't know who decided he was the underdog but my advice to any UFC fan gamblers would be take advantage while it's there.
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02-28-2015 , 12:21 AM
Quote:
Originally Posted by pissychips
I don't bet on every underdog of this last card I only had 1 bet which was Frank Mir, I don't know who decided he was the underdog but my advice to any UFC fan gamblers would be take advantage while it's there.
Mir had four straight losses before the fight, including one to Alistar Overeem, who has been a tomato can in HW since they took away his steroids.

One of those four losses was to Josh Barnett, who like Mir, is waay past his prime. The fact that he couldn't beat an over the hill fighter like Barnett didn't put him as a favorite against a fighter who was mentioned for title contention just three fights ago.

I can't think of many fighters in the HW division that Mir would be a legit favorite over these days.
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02-28-2015 , 01:01 AM
Far too much emphasis gets put on the past, the Johnson Vs Gustafson fight not so long ago was another I felt the bookies got it way wrong. I told everyone and their mother to bet on Rumble to win by KO or TKO the bookies had him 5/1 just because Gus gave Jones a good fight.

Bigfoot only got into title contention by fluke. They made Overeem fight him assuming Overeem would Bea him comfortably and they wanted Overeem to get the title shot. however Overeem went into the fight with the completely wrong attitude as if he won it by just turning up then he got caught. So they were forced to really make Bigfoot into a title contender however his fights since then he's looks the standard of fighter he is. Forget form and all that kind of thing as it is not relevant in UFC as it is in other sports. Mir as a man against Bigfoot as a man is clear favourite to me. I didn't think he'd KO him in round 1 by any means but never saw him losing.
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02-28-2015 , 01:37 AM
Quote:
Originally Posted by pissychips
The general public don't often bet on UFC though, I know degenerate gamblers that don't even bet on it. I get what you mean some people blindly bet on favourites no matter what but they tend to do so on the real popular sports and not the likes of UFC.

I've been telling quite a few people that if your knowledgeable about UFC you can make a decent amount of money because they seem to get the odds wrong. Not every underdog wing like happened here but it happens enough.

I don't think it will be too long though until every fight both fighters will be priced at below evens apart from those fighting against genuine world class fighters like Ronda.
More stores have gone broke to empty seats than to sharps.
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02-28-2015 , 02:36 AM
Quote:
Originally Posted by hAmThEkIlLeR
Mir had four straight losses before the fight, including one to Alistar Overeem, who has been a tomato can in HW since they took away his steroids.

One of those four losses was to Josh Barnett, who like Mir, is waay past his prime. The fact that he couldn't beat an over the hill fighter like Barnett didn't put him as a favorite against a fighter who was mentioned for title contention just three fights ago.

I can't think of many fighters in the HW division that Mir would be a legit favorite over these days.
Barnett isn't as washed up as Mir is.

Your next point about Bigfoot Silva being a past title contender was due solely due to roids and then TRT. Without them his arms looked tiny and he should retire.

As for MMA betting in general it's def. possible to make money on it if you do your research and can predict line shifts which can be insane. Two days ago I bet on someone as a 2-1 favourite and just before the fight he was at evens. Bad bet by me (despite winning).
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02-28-2015 , 04:13 AM
There's been a lot of talk about the bookies getting UFC "wrong".

Unless I'm misunderstanding how sports books work, are they not just trying to ensure they have similar money on each side of a line, thus ensuring they have little to no risk? If so, the relation of the line to the actual result is in no way an indication of how well the line was set. If the book was successful in its goal, this would instead be an indication that the average sports bettor got it wrong.
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