Jack Johson

596 posts

Jack Johson

Jack Johson

@jack_mitchelll3

Tham gia Ocak 2014
114 Đang theo dõi37 Người theo dõi
Anders
Anders@AndersPicks·
MLB Saturday Best Bet📝 My FAVORITE Play in Rangers vs Royals‼️ Like = Riding❤️
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Jack Johson
Jack Johson@jack_mitchelll3·
@mattkalish Hey appreciate the posts it’s entertaining as a sane person who enjoys seeing false narratives get dunked on
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Matt Kalish
Matt Kalish@mattkalish·
Im good off twitter and the negativity for a while but I understand it and wish everyone the best cheers.
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Matt Kalish
Matt Kalish@mattkalish·
This is an incredible story. For all that technology has done, I did fall in love with the pre-tech vegas bookmaking way. I was obsessed with it. It had soul and a small group of insiders that knew everything. When I knew nothing about booking I went to vegas and learned almost everything from Johnny Avello, then also Frank Kunovic and Jamie Shea. I tried to get Jay Kornegay onboard once but he liked his job with westgate but I learned a little from him. Jamie gave me the book “Sports Book Management” by Roxy Roxborough which was the first thing I ever really read outside those convos to learn and she said it was how she learned. If you know that book on you are a gangster of the space. How they operated had real sweats and hustle, they weren’t infinitely capitalized, they called in sharp action to balance out risk exposure and showed opening numbers to sharps and let them fire into them for a few hundred first to hammer out the right number. Vegas alone never really had the scale to invest in big tech and everyone was living on Don Best to see what others were doing and talking to competitors as friends. When books opened up more in the US the European tech was really decades ahead from being an open market for decades, and fanduel got bought by the biggest euro book in the world in Betfair to operate on their stack with their experts. To have any chance to compete at scale against that in 2018 you needed the European tech and it quickly ran over the old norms. Same for the euro style risk management. They didn’t balance book they just put out numbers their data said and took the swings. One euro I interviewed said “balancing the book is for pussies” to me in 2017. That’s when I saw the cultural divide first. Obviously that tech brought a lot of market breadth and depth and sophistication but took away a lot from the heart and soul of booking that vegas had. I did run all of trading at DK up until recently but personally never really went deep into the tech and modeling side, quants did. I only liked looking at the front end and talked to customers and said something when I thought something was off. I was usually wrong from a math side and sometimes right from a feel side so we would do it anyway cause Jason is also a customer experience guy, but our customer wasn’t sharps it was millions of casuals. Ultimately you have to decide where to invest and we chose to invest less focus in sharp action and more in casual experience. The tech is here forever and the old ways of booking sports are not viable anymore but I do understand game and history even if I misspeak it land wrong for some, and I do think small books for sharps are impt. I love gambling. My fav movie was rounders and the back room nyc poker games that movie got me into gambling & the industry. Today things are so sharp you can’t responsibly tell people this can be a real career as a pro gambler unless you work in trading for a book, aside from very few. I hated Kalshi exchange experience not because I didn’t like innovation or think it’s here to stay but didn’t like the lack of instinct and feel. They don’t give a fuck about sports gambling it’s just Wall Street. Some ogs probably think of me that way. To me you have to have some love for gambling on its face to do a good product. I get 95% of why things are how they are and can explain it really well and think it’s helpful education but brother I was betting $5 exacta boxes and learning booking from Johnny Avello 9 or 10 years ago and was never happier at my job. I love the game and so no, I don’t fuck with the Wall Street-ization of the gambling because I love gambling games on their face, not just tricks to win money with angles on exchanges. Just cause I know how to make a big business and we had a sick team def does not mean getting shit talked by OGs feels good, I do love the game and no you don’t know me just cause I explain reality today literally. gamblersbookclub.com/sports-book-ma…
Alfonso Straffon 🇨🇷🇺🇸🇲🇽@astraffon

Love or hate him, gotta give the man props for stepping up to the plate like this and, frankly, being pretty clear as to why some books choose to 'limit' the way they do. And he isn't wrong in that it is a business decision pure and simple. Now I haven't booked a sports bet in well over 18 years, but I did go on to trade junk bonds on Wall Street in a market making capacity, and now find myself working with a betting exchange... and so can relate first hand to what it means to 'manage risk'... I don't care if it's sports, bonds, pokemon cards, or the weather... when you are a prinicipal in a trade, balance sheet risk is a real thing, whether you are a bookmaker or market maker alike. Unfortunately we don't always get balanced action or get to unwind all the trades and clip a bid-ask spread (or juice!). Something to keep in mind is that the tools used to manage risk have gotten more sophisticated over time. For example, back then we used posted limits, custom player limits, profiled lines, circled events, or simply not putting up certain markets were cornerstone of how we did things. Nowadays, technology and data advancements have led to all kinds of newer, more sophisticated, perhaps automated ways of doing things. Less friction (and cost) in the execution of things. Simply put: books back then and today have different levels of risk tolerance and/or capacity. I worked for a good size credit shop. We booked sharps, but we had limits as to how much we would accomodate... just ask QT. Did he beat us over time? Absolutely... but it also gave us information, notably a higher degree of confidence in what the price should be... maybe my boss would go on to double down elsewhere (we were an offscreen shop) or he would be willing to take outsized risk from an another BIG customer... this was his style. Other shops, notably many of the newer post-up shops, didn't want anything to do with sharps.. on this would love for my friend @nydave11 to give a brief on how G liked to do things at BOS. And then you had those books that led the risk taking charge by hanging the opening numbers for the world to see (and subsequently follow), because in the background they had already vetted the numbers by giving some of the sharpest guys a first crack... think CRIS, Pinny, Grande, The Greek, etc. When it came to trading bonds, anytime I'd get an RFQ the first three questions we'd ask were: who is it (could come in disclosed or anonymous)? What do they want? How much? Will spare the details, but checking news, prior TRACE prints, and my current position were all factored in before I responded or not with a level. Not knowing who is on the other side was always trickier for obvious reasons. But if you told me "Hi, it's me Charles Schwab and I need a bid on $500k Ford 5 5/8 28 bonds" I'd have a higher degree of confidence in quoting, not to mention it didn't have to be "on the screws" to win the trade. When it comes to exchanges, I'll defer to all the mentorship from my guy @irishro, who's been around the sports exchange biz longer than most (btw he's the CEO of Matchbook). But one thing he always tells me is to think about it all as an ecosystem that needs to find its sustainability... for all parties involved, that being losing bettors, market makers, and the exchange itself... and we are in the early innings no doubt.

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Stephen Gass
Stephen Gass@PremiumGass·
@aincomeinvestor Sam Esmail created this movie, not the Obama’s. They were EPs which means they helped finance but were not part of the creative process. Watch Mr Robot if you’re interested in Sam’s viewpoints on the world
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Sharp🍻
Sharp🍻@SharpSportsLLC·
@kmaqueira Will never hurt to hedge. I feel as though most people don’t because they’re bankroll deep every day/night.
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Sharp🍻
Sharp🍻@SharpSportsLLC·
Think it’s time we have a discussion If you’re going to call yourself a sports bettor there’s 2 things you need to start/stop doing 1) START: hedging your bet when there’s a sizable margin to secure profits & you feel the match or game can swing. Example: Comesana +175/+200 on the ML there’s a nice margin to HEDGE the 2.5u parlay and secure a profit on the match. Felt like a 50/50 match going into the final set and like set #3 it doesn’t take much to flip it around out of nothing 1 bad service game from Darderi. Applies to any sport late on if your team is leading/value on an arb 2) STOP: cashing out..majority of you spam the cashout button the second there’s any type of adversity in a game or match then whine like school girls on their periods when the bet ends up winning. If you aren’t willing to sit thru 9 innings on a full game ML, total, or spread you should have never made the bet to begin with. Same applies for tennis or any other sport you click submit on. I promise you there is nothing more annoying than reading “I cashed out for $2.37 and then they won I would’ve won $75” That $2 is not doing anything for you and you aren’t going to run the table on a ladder challenge with that on some heroic story. Manage your bankroll and stop betting more money on a single bet then you’re comfortable with The ONLY time this is valid is if you have a life changing money parlay with a cashout that’s respectable towards the full amount. Not going to sit here and say I know what everyone’s financial situation is like. But this is the only time a cashout can be considered respectable. Among all the horror stories on this app #2 is on the wrong end more times than not
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Jack Johson
Jack Johson@jack_mitchelll3·
@FoaznPoker keep the hot streak alive with de Minaur + Ruud ML parlay
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Foazn
Foazn@FoaznPoker·
Credit to me for not posting an overnight tennis bet See ya tomorrow (maybe)
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Riley Collins
Riley Collins@rileycollins__·
This is honestly pretty screwed up @BetMGM. Placed a +9000 home run parlay meaning to put $11 on it and accidentally put $111 on it. No cash out. Spent 20 minutes with customer support trying to get them to void and just got a told “sorry, no.” Just ridiculous and a way to burn $100
Riley Collins tweet media
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Sandy Plashkes
Sandy Plashkes@SandyPlashkes·
If you have Dodgers -400 in your parlays tonight you’re a big dumb idiot
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Jack Johson
Jack Johson@jack_mitchelll3·
@IainMacBets Some of these guys are obv gifted but overtime the population just gets obliterated and you’re just battling other regs where the edge doesn’t beat the rake.
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Jack Johson
Jack Johson@jack_mitchelll3·
@IainMacBets Think if you polled any poker room in the country, over 90% of people will say they’re above average, and 50% will say they’re profitable.
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Jack Johson
Jack Johson@jack_mitchelll3·
@IainMacBets go to mgm national harbor rn and you’ll see the same group of wannabe pros at 5/10 pass the same $2k back and forth (minus rake) as they wait for fish that were sequeezed dry years ago.
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Jack Johson
Jack Johson@jack_mitchelll3·
@TheDannyClassic Unless you’re confident the cashout value is mispriced, which is rare, this is bad advice.
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TheDannyClassic
TheDannyClassic@TheDannyClassic·
I hope you all thoroughly understand that if the team you wagered on goes up by 2 in extra innings and the cash out is at 95% of total you take that and move on with your day right. Right?
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Jack Johson
Jack Johson@jack_mitchelll3·
@ghostpoppeaches Is that because the vig is higher for alt spread bets? How would it impact the wager’s EV?
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peaches (Odorizzi/4.3% FC)
peaches (Odorizzi/4.3% FC)@ghostpoppeaches·
Stupid as fuck to ladder the opposite way on a spread that short holy fuck it hurts my brain
Ben Fawkes@BFawkes22

The @BetMGM ladder bettor wagered $500,000 on the New York Knicks in Game 4. He went 9-for-9 on his wagers: $40,000 on Knicks -2.5 (-110)✅ $20,000 on Knicks -1.5 (-130) ✅ $20,000 on Knicks -1.5 (-120) ✅ $35,000 on Knicks +1.5 (-145) ✅ $35,000 on Knicks +1.5 (-150) ✅ $50,000 on Knicks +2.5 (-160) ✅ $75,000 on Knicks +2.5 (-175)✅ $75,000 on Knicks +3.5 (-185) ✅ $150,000 on Knicks +3.5 (-200) ✅

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Analytics Capper - Truth Revealed
Albert bet the Cavs in every game against the Knicks. 3 of those games he bet them 1Q, 1H, and Game. We went 1-9 on these bets, losing 89U!
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Jack Johson
Jack Johson@jack_mitchelll3·
@d0wnsideofme This is just the shit that gets talked about publicly, imagine all the historical fuck ups
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diamond targaryen
diamond targaryen@nnatusucks·
when i was in college, i was so exhausted during finals week i forgot to attach my references page to my assignment. my professor gave me a zero (deservedly so), and asked me to come to his office during a time i would be in the middle of a lab final.
I appreciate you.@DeeLaSheeArt

Hello yt lady. So as a student, having to set up a time to go see my professor during their office hrs, while juggling my other classes, assignments, org responsibilities, job shifts & social life is an additional responsibility after I already completed the assignment.

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