When placing bets in a bookmaker's office, you can involuntarily catch yourself thinking, but who has achieved great success in this business? Who managed to earn a truly colossal fortune? This article will present the stories of successful betters, whose achievements make us believe that it is still possible to make money on sports betting.
Bob Vulgaris
In the late 90s of the XX century, Bob Voulgaris began to bet on sports, and in just 5 years, even before the age of 30, he managed to earn a fortune. He is truly one of the most successful bettors in history. The secret of his success lay in real talent, multiplied by the hard work and endurance needed to spend hours watching sports matches. According to Bob himself, in total he could bet $ 1 million in one game day in the NBA. At the same time, the percentage of winning bets reached 70%.
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Bob noticed an important feature of building a line of totals at a quarter in basketball games. Bookmakers, when determining the maximum for a match, simply divided it equally into two halves, but this was often the wrong approach. In the final quarters, it was necessary to take into account the increase in the number of free throws and greater tension, and, consequently, a greater number of goals scored.
Vulgaris exploited this flaw for many years. Only on this he managed to earn a lot of money. In addition, Bob perfectly studied the actions of three NBA coaches - Eddie Jordan, Byron Scott and Jerry Sloan. “I knew exactly what these three coaches would do. I mean, it was easy enough,” said 37-year-old Bob Voulgaris.
Remembering those times, Bob regrets that he did not make bigger bets. "I thought it would last forever, but it didn't," Voulgaris remarked. Bookmakers have learned and changed the way the lines are formed for totals in NBA matches.
After that, Vulgaris had a black streak, and he lost big. During the last month of the 2003/2004 championship, he lost a third of his winnings. Frustrated by this fact, Bob began to increase the amount of his bets more and more, trying to return what he had lost. Realizing that the old methods no longer work, Vulgaris took a break to reflect on everything that had happened.
The conclusion he came to prompted him to begin to pay considerable attention to computer technology, because there were more and more statistical indicators and they had to be processed, and the human brain is not able to store such a large amount of information. In addition, he reduced the amount of bets, increasing their number. The desire to introduce a computer into his activities prompted Voulgaris to create an algorithm capable of simulating a basketball match between any teams and at any time. In the calculations, statistical indicators for previous years were used. The program itself was created, of course, not by Voulgaris himself, but by a person who later became his partner. Over time, the program has been improved more and more, including more and more new indicators. Voulgaris believed more and more in the created program, and 5 years later, after the disastrous 2004, he already made more than 1000 bets per season.
Lam Banker
The next better we will talk about in this article will be Lam Banker. In his entire life, Lam never went to work, and yet he could afford to live in a posh house in one of the best neighborhoods in Las Vegas and buy a new car when the old one just got dirty. At the same time, he had enough free time to exercise in the gym and play basketball.
Former Sports Book director Sonny Reisner had this to say about Lam: “Lam is still in great shape. I've seen hundreds of betters come and go over the years, but Lam is still here." Such success led to the fact that some bookmakers began to refuse to accept bets. True, there were cases that bookmakers tried to calculate Lam. “Sometimes they would take a bet I made, hoping to figure out which way I would go to move the odds in their favor,” Lam says.