Bovada loses nearly $1 million - Page 3 - Poker News

They can't balance the lines when it comes to parlays. Often times people punt small amounts on all underdogs in a get rich quick type bet. Some bookmakers just refuse action if too much gets put down.

Quote

02-28-2015 , 06:39 PM

#53

GOT TO WINN

grinder

Join Date: Feb 2014 Posts: 543

My Long shot for tonight's fights.

Cat Zingano* +500 vs Ronda Rousey
Holly Holm* -570 vs Raquel Pennington
Josh Koscheck* +160 vs Jake Ellenberger
Gleison Tibau* +205 vs Tony Ferguson
Mark Munoz* -265 vs Roan Carneiro

Risking $5.31 To Win $403.73

Most likely will lose as I doubt Cat wins but the thought that she was going to win, crossed my mind a couple times.

Yesterday Cat was + 600 ..

Quote

02-28-2015 , 08:39 PM

#54

Adebisi

veteran

Join Date: Apr 2006 Posts: 2,965

Quote:

Originally Posted by Sect7G

I looked at all underdogs and and all favorites parlays at Bovada for tonight's event. On all favorites a $1 bet wins $39.50. On all dogs a $1 bet wins ~360k. There's just no way people will get paid if the all underdog parlay hits. Especially after them advertising their million dollar loss last week. If just $500 gets put in on all dogs and it hits, they owe 180 million dollars, lol.

Quote

02-28-2015 , 09:27 PM

#55

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Quote:

Originally Posted by Adebisi

That's why a responsible site would either refuse action or take insurance in the unlikely case of this happening. The reality is most sites are pretty much free rolling players as they can't possibly pay if they lose without insurance.

Quote

02-28-2015 , 10:30 PM

#56

70months

journeyman

Join Date: Jun 2014 Posts: 224

Quote:

Originally Posted by Bobo Fett

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.

Having equal money on each side is the ideal situation for the sportsbook, but that can't be how the line gets set. Sharp bets are much much bigger than square bets, and sharp bets are all going to come in on one side unless the line is very close to the "true" line. Same reason a casino won't give you +101 odds on red even when everyone is betting black.

Quote

02-28-2015 , 10:40 PM

#57

GOT TO WINN

grinder

Join Date: Feb 2014 Posts: 543

Lost my parlay on the very first fight tonight ... Should have took the underdog.

Quote

03-01-2015 , 08:22 AM

#58

unlucky4me

Pooh-Bah

Join Date: Feb 2007 Posts: 4,079

Quote:

Originally Posted by GOT TO WINN

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.

Your inner voice was right for almost 14 seconds

Quote

03-01-2015 , 08:41 AM

#59

GOT TO WINN

grinder

Join Date: Feb 2014 Posts: 543

Quote:

Originally Posted by unlucky4me

Your inner voice was right for almost 14 seconds

Nice, had me laughing out loud. Cyborg is about the only one that might be able to beat her ( Ronda ) I also think Cat gets a rematch with one win. Even though she lost in 14 seconds. Ronda has cleaned out the division and there isn't many options. UFC most likely gives Holly Holm the next shot. And from her fight last night. I don't think her Boxing is going to be enough to beat Ronda.

Quote

03-01-2015 , 10:09 PM

#60

pissychips

veteran

Join Date: Jul 2012 Posts: 2,029

Unless there is some superwoman out there in the marines or something that hasn't yet taken to professional fighting then there is no way Ronda will ever lose.

There is no active fighter who will come close to how dominant her skills are. She could clear a male division in her weight class if it were allowed.

Anyway my 1 bet on Pennington didn't come in.

Quote

03-01-2015 , 10:32 PM

#61

70months

journeyman

Join Date: Jun 2014 Posts: 224

Quote:

Originally Posted by pissychips

She could clear a male division in her weight class if it were allowed.

Hahahahahaha. This guy.

Quote

03-01-2015 , 10:38 PM

#62

everydaygrind

banned

Join Date: Nov 2014 Posts: 742

Quote:

Originally Posted by pissychips

There is no active fighter who will come close to how dominant her skills are. She could clear a male division in her weight class if it were allowed.

.

LOL. NO.

Any male fighting in any serious league would wipe her off the mats. It wouldn't even be close. She would get obliterated.

Quote

03-05-2015 , 03:01 AM

#63

99N3WBz

enthusiast

Join Date: May 2013 Posts: 53

MMA is offered in DFS now. I haven't looked into it at all, I just do NBA currently, but if you guys are really into it I think DraftKings offers it. I'm curious to see if its worth a look

Quote

03-05-2015 , 03:07 AM

#64

BitchiBee

Carpal \'Tunnel

Join Date: Nov 2008 Posts: 24,622

Quote:

Originally Posted by pissychips

She could clear a male division in her weight class if it were allowed.

I like ronda too but there is no limit to your stupidity

Quote

03-05-2015 , 03:53 AM

#65

Wildspoke

grinder

Join Date: Apr 2011 Posts: 525

Quote:

Originally Posted by pissychips

Unless there is some superwoman out there in the marines or something that hasn't yet taken to professional fighting then there is no way Ronda will ever lose.

Two Words: Buster Douglas. It ends for everyone.

Quote

03-06-2015 , 03:55 AM

#66

ico2525

banned

Join Date: Oct 2010 Posts: 814

Quote:

Originally Posted by Bobo Fett

This is how Bovada 'only' lost $1M.

Quote

03-06-2015 , 05:32 AM

#67

WOAT1Time

grinder

Join Date: Feb 2015 Posts: 506

Quote:

Originally Posted by Adebisi

Stores have max bets and max pays.

Quote

03-06-2015 , 05:40 AM

#68

Dos

old hand

Join Date: Sep 2007 Posts: 1,271

When is Stars finally offering sports betting?

SHUT UP AND TAKE MY MONEY ALREADY!!!

Quote

03-28-2015 , 10:21 PM

#69

GOT TO WINN

grinder

Join Date: Feb 2014 Posts: 543

Cyborg is signed with the UFC. .... but on loan to the promotion she is currently fighting, were she has to drop to 135 and win a fight. If she does, her next fight after that will be in the UFC.

Skip to 51:55 -- Dana Confirms

https://www.youtube.com/watch?v=mgAQ6ld60xA

Quote

03-29-2015 , 09:04 AM

#70

uradoodooface

banned

Join Date: May 2012 Posts: 2,381

Quote:

Originally Posted by BitchiBee

I like ronda too but there is no limit to your stupidity

It's funny cuz Joe Rogan said something like she'd prolly be able to take half of the batonwieghts or some weigh class like that and seemed pretty confident about it.

Quote

03-29-2015 , 12:51 PM

#71

Sirbustalotz

adept

Join Date: Jul 2013 Posts: 791

I would bet on a decent street fighter male vs her anyday of the week.

Quote

03-29-2015 , 01:48 PM

#72

ShizzMoney

old hand

Join Date: Oct 2007 Posts: 1,655

This is why I love betting UFC. Best value for underdogs in any sport.

This was another card in Brazil's Ginásio Gigantinho in Porto Allegre. I had bet a card there 6 mths earlier where 6 underdogs had won (and I had a parlay with 5 of them, and ended up making money on the hedge when I bet the last fight to draw at +7500!).

The stadium is huge and it has no air conditioning; could be a factor in this fights. Also, if you ever see a Brazilian guy on a MMA card in Brazil getting odds: take a flyer. It's a good bet as for most of these guys, its like the best night of their professional career (like you or I playing at the FT of the WSOP ME).

Quote

03-29-2015 , 09:25 PM

#73

ginocan

grinder

Join Date: Jul 2010 Posts: 629

lmao. $1mil made the news?? My local bookie have more than 1mil riding everyday. And that is just 1 bookie. There are at least 100 here.

Quote

03-31-2015 , 03:19 PM

#74

GOT TO WINN

grinder

Join Date: Feb 2014 Posts: 543

Quote:

Originally Posted by ginocan

lmao. $1mil made the news?? My local bookie have more than 1mil riding everyday. And that is just 1 bookie. There are at least 100 here.

If a site can spin a loss and get press out of it, good for them. It is pretty much free Advertising marketed to the average Joe that thinks .. hey that could be me and goes busto placing bets on dogs.

Quote

03-31-2015 , 07:42 PM

#75

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Quote:

Originally Posted by ginocan

lmao. $1mil made the news?? My local bookie have more than 1mil riding everyday. And that is just 1 bookie. There are at least 100 here.

Riding doesn't mean losing. If he has 50 million balanced out it's virtually impossible for him to lose. What makes this situation unique is 11 out of 12 dogs (and a few were +500) won on the same card which hasn't happened in 300 or so events.

Quote

Page 3 of 4

First

1 2 3 4

Last

Post Reply Subscribe

...

Page 3 of 4

First

1 2 3 4

Last