logoalt Hacker News

chistevyesterday at 5:54 PM4 repliesview on HN

The house always wins.

I don't know of any long term profitable sports gamblers - but that makes sense because why reveal yourself and your methods if you're profitable?

By long term I mean at least 1,000 bets while still being profitable. Even more impressive if they are making a living off of it.

The only person I can think of is Picks Office on Twitter.


Replies

gnopgnipyesterday at 6:01 PM

If you profit at sports betting they limit your bet size severely

show 4 replies
conscionyesterday at 7:01 PM

Sports betting is the one place that "prediction markets" make the most sense. Instead of there being a house to win against, the market just skims a fee. The line is set organically by betters, not be the house targeting a profit margin, and the house has no incentive to restrict successful betters because they solely profit on flow, not losses.

show 1 reply
n1b0myesterday at 9:21 PM

Tony Bloom, the billionaire owner of Brighton & Hove Albion FC seems to be managing it.

https://www.theguardian.com/football/2025/dec/05/brighton-ow...

show 1 reply
jeffbeeyesterday at 7:46 PM

What about Frank Rosenthal? Admittedly these guys are extremely rare, that's why the handful of successful ones are famous.

show 1 reply