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Gambling With an Edge · August 12 · 46 min

Sports bettor Milkshake

Milkshake lost all his money following a tout, and it set him off on a journey to figure out how to win money sports betting. Show Notes [00:00] Introduction of sports better, Milkshake [00:38] Milkshake’s path into advantage play [03:09] Top-down betting and going to BetBash 2 [05:25] Moving for professional bettors [09:38] Odds screens, arbitrage, limiting, and nuances of top-down [15:42] Why did $600 move a major market? [16:45] What percentage of Milkshake’s action today is moving versus modeling? [18:24] Making in prediction markets [19:10] Evaluating potential movers [21:57] Betting at kiosks [24:50] Source of truth [26:44] Setting up partnerships [28:22] Camouflage bets, priming accounts [30:45] Faking the market [32:28] Should winning accounts go dormant before being limited? [33:43] Shifting the closing line to avoid CLV [34:51] Milkshake's book and podcast recommendations [36:10] Using sportsbook bonuses [39:29] How will Milkshake's betting evolve over the next few years? [41:54] Relevant knowledge of sports when top-down betting [43:09] In-game betting [44:17] Can value be found in a team's losing streaks? Links: x.com/BeBetterBettors x.com/halfkelly Logic of Sports Betting by Ed-Miller https://amzn.to/4x6Wx67

0:00-46:15

transcript

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show notes

Milkshake lost all his money following a tout, and it set him off on a journey to figure out how to win money sports betting.

Show Notes

[00:00]  Introduction of sports better, Milkshake
[00:38]  Milkshake’s path into advantage play
[03:09]  Top-down betting and going to BetBash 2
[05:25]  Moving for professional bettors
[09:38]  Odds screens, arbitrage, limiting, and nuances of top-down
[15:42]  Why did $600 move a major market?
[16:45]  What percentage of Milkshake’s action today is moving versus modeling?
[18:24]  Making in prediction markets
[19:10]  Evaluating potential movers
[21:57]  Betting at kiosks
[24:50]  Source of truth
[26:44]  Setting up partnerships
[28:22]  Camouflage bets, priming accounts
[30:45]  Faking the market
[32:28]  Should winning accounts go dormant before being limited?
[33:43]  Shifting the closing line to avoid CLV
[34:51]  Milkshake's book and podcast recommendations
[36:10]  Using sportsbook bonuses

[39:29]  How will Milkshake's betting evolve over the next few years?
[41:54]  Relevant knowledge of sports when top-down betting
[43:09]  In-game betting
[44:17]  Can value be found in a team's losing streaks?


Links:
x.com/BeBetterBettors
x.com/halfkelly
Logic of Sports Betting by Ed-Miller https://amzn.to/4x6Wx67

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