25k+ Loan for lower interest rate

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8 years ago 05/17/2015 12:46am EDT

Hi,

I'm a 23 year old college graduate that wants a capital infusion to be able to start my life in a different city and begin my career. I have a 757 credit score but only making 500 a week currently working part time at a restaurant. I had saved up 21k (last may) by the time I graduated college but most of all of it disappeared that year due to 3 separate trips to the hospital and living on my own.

I want the money to employee a progressive sports betting system for the remainder of MLB season. Aka 1k loss, 2k loss, 4k loss, 8k win. recoup inital 1k. my paid analyst is 15-0 this season so far and 30-0 last. (Meaning you could lose 3 in a row but hit on initial unit because of the double down)

Any places that factor in credit score more than current income?

This system is a goldmine and I paid 2k for the season. Can return big on it with the right capital. Have 11k currently but want additional money strategically for betting.

Skeptics welcome, just would like advice on loan options.

Thanks

8 years ago 05/17/2015 1:08am EDT

re: RSD Tyler

The problem with this system is that you ultimately have a limited bankroll, and you cannot continue doubling your bet forever.

For instance, after losing, 1k, 2k, 4k, and 8k bets, you would no longer be able to continue if your original bankroll is 25k because you would have only 10k remaining.

You would be expected to lose 4 bets in a row (15K) about (1/2)^4 or 1/16 times at 1:1 odds, and you would win 1k 15/16 times. In other words, you are trading frequent small wins for occasional huge loses. In reality, you generally have to give up "juice" or "vig" to the casino, and you actually have to risk about $110 to win $100 typically. In other words, your bet above would only recoup $909.09 with standard "juice," so your strategy is a losing proposition in the long run.

For instance, lets say you reiterated this process sixteen times, and you won 15 out of 16 times...you would with 15 x ($909.09) = $13,636.36 and lose $15,000 for a net loss of $1,363.64. Of course, your actual performance would depend on luck as you might win all sixteen or fewer than fifteen by random chance.

Describing this system as a "goldmine" is inaccurate as it is negative expected value and will lose in the very long run.

Of note, you could achieve a similar effect at the roulette table by simply placing a bet on the majority of the numbers...for instance, by betting $100 on the number 1 through 34. You would only lose with "35", "36", "0", and "00". You again would be trading frequent small wins for occasional huge loses. The reason that the sports betting scheme seems safer is because it takes so long to get through each iteration, giving the bettor a false sense of invulnerability.

8 years ago 05/17/2015 1:19am EDT

re: Gazuka

I didnt mention who I hired.. he's regarded as one of the best in the industry and the goal is to recoup a unit, so laying the juice for each bet. So far this season no series has gone past game 2.

So for an individual with a 20k bank roll playing to the tee.

15-0 = 15k

A unit is 5% of your bankroll. I want as high or a loan as possible so that my unit is 1k+.

This is high risk (low imo) high reward stuff right here.

8 years ago 05/17/2015 1:26am EDT

re: Gazuka

thanks for a legit response though. most series are 3 game series so if the other team sweeps then you are down 6 units.

Another year my capper was 43-2

so appox +31 or 31k if your unit is 1k.

On a side note, aside from his picks. I plan on doing $200 picks and doubling/laying juice etc. For instance pick the cardinals/royals/yankees and keep betting until they win and then resetting to $200.

8 years ago 05/17/2015 1:42am EDT

re: RSD Tyler

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