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HangTime wrote:disoblige wrote:
He was betting for someone else lol. Then learned he can help people hit their bets if they pay him.
If he wasn't in the NBA at the time of the bets, how could they punish him?
It feels like he has to be cleared.
Or am I completely missing something?
disoblige wrote:HangTime wrote:disoblige wrote:
He was betting for someone else lol. Then learned he can help people hit their bets if they pay him.
If he wasn't in the NBA at the time of the bets, how could they punish him?
It feels like he has to be cleared.
Or am I completely missing something?
He is guilty of indirectly betting. He has a discord channel and he tipped people off while he was on the raptors.
ontnut wrote:gerrit4 wrote:
Considering he made over 1000 bets, I'd speculate that he's a gambling addict who got deep into debt. Maybe he bet on himself with spoof accounts to pay out of the debt, or maybe he did and then tipped off the guys to whom he he owed money. Considering he has a brother that makes over $30 mill a year, I'll bet MPJ had helped him get out of some jams until the debt got really high.
Who knows though. I've never bet on sports, so maybe 1000 bets is actually not that high (I know some people that bet like $2 a game during March Madness) and he's innocent, or he just needed some extra cash and didn't want to ask his rich brother for money...
1000 bets in what timeframe? It's not high at all (for a serious/pro bettor)...I mean, thats 2.5 bets per day for a year. Pro bettors sometimes make 10+ per day. When I was actively handicapping, I'd easily make 3-4 bets a day on the NBA as a whole. Shoot, sometimes I'd make 3-4 bets on one game. It's like counting cards...if you have an advantage you need to put more bets and more money down in order to leverage the advantage and make profit. Though obviously if you miscalculate, the more bets you put down, the faster you lose. There's definitely a skill to sports betting, but it's extremely time consuming (essentially a full time job), and that's why I stepped back from it after several profitable years turned into a down year or two (as I got lazy with the job).
In terms of P/L, based on a 50/50 outcome (most bets) and an average vig of -110, the average bettor loses about 4.5% of their bet, every bet. That's the "house advantage". So a $1,000 bankroll making $100 bets (10% of their bankroll every time) would lose $4.50 each bet (0.45% of bankroll), and thus they would have about 200 or so bets they could make, on average, before losing their whole bankroll. Betting 10% of your bankroll is deemed very high by most experts. 1-2% max is the general advice. So, that's 1000-2000 bets you can make before exhausting your bankroll, assuming a loss of 0.045%-0.09% of your bankroll, per bet. Assuming Johntay followed this 1% rule, and did bet 1000 times on FanDuel, the likely outcome is he had lost his entire bankroll, which if he was making $1-10,000 bets per game, would've been in the range of $100,000 to $1m lost. And this is on one site.
At the NBA/crpto/pro sports betting level it's not uncommon to have people with $1mil bankrolls...so a $10 or $20k bet would actually be a "responsible" amount for them.
Johnny Bball wrote:Doesn't seem like there is much doubt anymore. He's gone for life if they can prove it.
ConSarnit wrote:ontnut wrote:gerrit4 wrote:
Considering he made over 1000 bets, I'd speculate that he's a gambling addict who got deep into debt. Maybe he bet on himself with spoof accounts to pay out of the debt, or maybe he did and then tipped off the guys to whom he he owed money. Considering he has a brother that makes over $30 mill a year, I'll bet MPJ had helped him get out of some jams until the debt got really high.
Who knows though. I've never bet on sports, so maybe 1000 bets is actually not that high (I know some people that bet like $2 a game during March Madness) and he's innocent, or he just needed some extra cash and didn't want to ask his rich brother for money...
1000 bets in what timeframe? It's not high at all (for a serious/pro bettor)...I mean, thats 2.5 bets per day for a year. Pro bettors sometimes make 10+ per day. When I was actively handicapping, I'd easily make 3-4 bets a day on the NBA as a whole. Shoot, sometimes I'd make 3-4 bets on one game. It's like counting cards...if you have an advantage you need to put more bets and more money down in order to leverage the advantage and make profit. Though obviously if you miscalculate, the more bets you put down, the faster you lose. There's definitely a skill to sports betting, but it's extremely time consuming (essentially a full time job), and that's why I stepped back from it after several profitable years turned into a down year or two (as I got lazy with the job).
In terms of P/L, based on a 50/50 outcome (most bets) and an average vig of -110, the average bettor loses about 4.5% of their bet, every bet. That's the "house advantage". So a $1,000 bankroll making $100 bets (10% of their bankroll every time) would lose $4.50 each bet (0.45% of bankroll), and thus they would have about 200 or so bets they could make, on average, before losing their whole bankroll. Betting 10% of your bankroll is deemed very high by most experts. 1-2% max is the general advice. So, that's 1000-2000 bets you can make before exhausting your bankroll, assuming a loss of 0.045%-0.09% of your bankroll, per bet. Assuming Johntay followed this 1% rule, and did bet 1000 times on FanDuel, the likely outcome is he had lost his entire bankroll, which if he was making $1-10,000 bets per game, would've been in the range of $100,000 to $1m lost. And this is on one site.
At the NBA/crpto/pro sports betting level it's not uncommon to have people with $1mil bankrolls...so a $10 or $20k bet would actually be a "responsible" amount for them.
He's definitely a loser. And I'd guess a big one. The only people FanDuel is letting get down million's in bets are losers.
- Raptors RealGM Forum re: Masai Ujiri - June 2023What an absolute failure and disaster this franchise is, ran by one of the most incompetent front offices in the league.
2019nbachamps wrote:Johnny Bball wrote:Doesn't seem like there is much doubt anymore. He's gone for life if they can prove it.
Might even be charged
lolwut wrote:refshateRaps wrote:Boban the other night intentionally missed a free throw so opposing fans could win pizza or something and was being pumped on social as a good thing. Yet he just f'd with integrity IMO. People have money at stake and it's really not all the different. Where is the line drawn in a league with so many subjective areas.
It's completely different. How is that Boban's problem?
If I made a bet that Dennis Rodman would show up with green hair, and instead he shows up with blue hair, how is it Rodman's fault that I lost money on my bet?
YogurtProducer wrote:ConSarnit wrote:ontnut wrote:1000 bets in what timeframe? It's not high at all (for a serious/pro bettor)...I mean, thats 2.5 bets per day for a year. Pro bettors sometimes make 10+ per day. When I was actively handicapping, I'd easily make 3-4 bets a day on the NBA as a whole. Shoot, sometimes I'd make 3-4 bets on one game. It's like counting cards...if you have an advantage you need to put more bets and more money down in order to leverage the advantage and make profit. Though obviously if you miscalculate, the more bets you put down, the faster you lose. There's definitely a skill to sports betting, but it's extremely time consuming (essentially a full time job), and that's why I stepped back from it after several profitable years turned into a down year or two (as I got lazy with the job).
In terms of P/L, based on a 50/50 outcome (most bets) and an average vig of -110, the average bettor loses about 4.5% of their bet, every bet. That's the "house advantage". So a $1,000 bankroll making $100 bets (10% of their bankroll every time) would lose $4.50 each bet (0.45% of bankroll), and thus they would have about 200 or so bets they could make, on average, before losing their whole bankroll. Betting 10% of your bankroll is deemed very high by most experts. 1-2% max is the general advice. So, that's 1000-2000 bets you can make before exhausting your bankroll, assuming a loss of 0.045%-0.09% of your bankroll, per bet. Assuming Johntay followed this 1% rule, and did bet 1000 times on FanDuel, the likely outcome is he had lost his entire bankroll, which if he was making $1-10,000 bets per game, would've been in the range of $100,000 to $1m lost. And this is on one site.
At the NBA/crpto/pro sports betting level it's not uncommon to have people with $1mil bankrolls...so a $10 or $20k bet would actually be a "responsible" amount for them.
He's definitely a loser. And I'd guess a big one. The only people FanDuel is letting get down million's in bets are losers.
Betting millions can be misleading to be fair.
If I put $100 into Draftkings, I can easily end up winning and losing that same $100 10 times over. So once I lose that $100 you can say I bet "$1000" but really, I never did.
Not saying that is what happened here, but to me "net deposit / withdrawal" is more important than "betted"
refshateRaps wrote:lolwut wrote:refshateRaps wrote:Boban the other night intentionally missed a free throw so opposing fans could win pizza or something and was being pumped on social as a good thing. Yet he just f'd with integrity IMO. People have money at stake and it's really not all the different. Where is the line drawn in a league with so many subjective areas.
It's completely different. How is that Boban's problem?
If I made a bet that Dennis Rodman would show up with green hair, and instead he shows up with blue hair, how is it Rodman's fault that I lost money on my bet?
While I agree if you bet on the NBA you are the mercy of alot of subjective BS and do it to yourself. I cannot see for the life of me how they can try to massage these kinda of non-competitive gestures in the game anymore when millions are at stake and integrity is already in question. They are now direct partners in a massive gambling pot and these moments open the door to subjectify going forward.
The TV networks are now even directly promoting point spread spreads and lines, not so much hair. Tho I was thinking Imagine people were betting on your hair and how easy that would be to make money for people around you lol. That's a next level easy money scam.
Rodman surely not one hold back from selling himself out, would be all in. FWIW he's also in TO in over a week to sign autographs and take pics at the sportscard show for a couple hundred $$. I'll take $1 on red/blonde combo for his hair. What you got?
lolwut wrote:refshateRaps wrote:lolwut wrote:It's completely different. How is that Boban's problem?
If I made a bet that Dennis Rodman would show up with green hair, and instead he shows up with blue hair, how is it Rodman's fault that I lost money on my bet?
While I agree if you bet on the NBA you are the mercy of alot of subjective BS and do it to yourself. I cannot see for the life of me how they can try to massage these kinda of non-competitive gestures in the game anymore when millions are at stake and integrity is already in question. They are now direct partners in a massive gambling pot and these moments open the door to subjectify going forward.
The TV networks are now even directly promoting point spread spreads and lines, not so much hair. Tho I was thinking Imagine people were betting on your hair and how easy that would be to make money for people around you lol. That's a next level easy money scam.
Rodman surely not one hold back from selling himself out, would be all in. FWIW he's also in TO in over a week to sign autographs and take pics at the sportscard show for a couple hundred $$. I'll take $1 on red/blonde combo for his hair. What you got?
I agree with the notion that in-game shenanigans in conjunction with the fact that there's rampant sports betting could open the door to insidious activities like players being in cahoots with betting rings. What if Boban told his friends to bet on him missing those free throws, and now he's in for a big payday? It doesn't really matter if other people lose money from bets, but if Boban himself is cashing in a bonus paycheque from doing stuff like this, then that's a more serious issue.
In general, sports betting is becoming a huge problem overall.
Johnny Bball wrote:2019nbachamps wrote:Johnny Bball wrote:Doesn't seem like there is much doubt anymore. He's gone for life if they can prove it.
Might even be charged
Does Ontario have a match fixing law? My understanding is no and Canada is rife with it. I get the feeling that played into why he might have done it, and someone obviously fed that info to him. It might have been his reason for signing in Toronto in the first place for all we know.
Johnny Bball wrote:2019nbachamps wrote:Johnny Bball wrote:Doesn't seem like there is much doubt anymore. He's gone for life if they can prove it.
Might even be charged
Does Ontario have a match fixing law? My understanding is no and Canada is rife with it. I get the feeling that played into why he might have done it, and someone obviously fed that info to him. It might have been his reason for signing in Toronto in the first place for all we know.
maternal85 wrote:Johnny Bball wrote:2019nbachamps wrote:
Might even be charged
Does Ontario have a match fixing law? My understanding is no and Canada is rife with it. I get the feeling that played into why he might have done it, and someone obviously fed that info to him. It might have been his reason for signing in Toronto in the first place for all we know.
Are you saying we may be a free agent destination some day ??
2019nbachamps wrote:Johnny Bball wrote:2019nbachamps wrote:
Might even be charged
Does Ontario have a match fixing law? My understanding is no and Canada is rife with it. I get the feeling that played into why he might have done it, and someone obviously fed that info to him. It might have been his reason for signing in Toronto in the first place for all we know.
I imagine this falls under U.S. jurisdiction since he 'defrauded' U.S.-incorporated sports books.
NBA obviously had enough evidence to ban him. Feds will collect all the evidence they need to get a conviction or plea deal before announcing charges. Dude is royally screwed.
Johnny Bball wrote:2019nbachamps wrote:Johnny Bball wrote:
Does Ontario have a match fixing law? My understanding is no and Canada is rife with it. I get the feeling that played into why he might have done it, and someone obviously fed that info to him. It might have been his reason for signing in Toronto in the first place for all we know.
I imagine this falls under U.S. jurisdiction since he 'defrauded' U.S.-incorporated sports books.
NBA obviously had enough evidence to ban him. Feds will collect all the evidence they need to get a conviction or plea deal before announcing charges. Dude is royally screwed.
Games he fixed were in Toronto. They can't arrest him for match fixing here. They might have been able to get him for fraud or something in the US, but they didn't pay out so not sure?
