You Will LOSE MONEY If You Follow This Advice

Darin Notaro aka Steve Stevens aka The Bookie Killa is a sports betting consultant in Las Vegas.

Steve Stevens was featured on a tv show called Money Talks where you followed his time spent managing a sales floor and clients. He advises his clients on what teams to bet on. In the notoriously difficult world of sports betting, Steve claims to rise above all.

The main criticism I have with the show and the "success" he has with clients is that he's highlighting the Martingale System which will not work long term for someone placing sports bets in Las Vegas.

The problem with the Martingale System is that the sportsbooks will set limits on how much you can gamble. Generally it’s around $5k to $10k per game if you’re a square and maybe $2k if you’re a sharp. The books saw the client with Steve and went “up the limits, we want to take his money.” This show was staged to make it seem like Steve is an expert handicapper.

A lot of amateur gamblers put their trust in touts. It’s just like people buying courses from fake gurus thinking they’ll start earning $100k a year right after completing the course. Invest in this confident expert and they will deliver you the secrets to wealth. With sports gambling, you can make insane amounts of money in a short period of time. You think the home team will cover the spread, bet $66,000 to win $60,000. Three hours later with a winner and you nearly doubled your money.

The Martingale System is the bullet proof formula to winning millions in sports gambling. It is a guarantee that you will win with this system. The strategy is to double down after every loss. At some point, you will win and walk away with profit. Why doesn’t everyone implement this strategy? Because the sports books will place limits on how much you can gamble on a single game.

At some point, a handicapper will lose 5 in a row. It’s inevitable. The amount needed to cover your losses will become too great and you won’t be able to place a large enough bet for the 6th double down because the books won’t take the bet. So you’re stuck with doubling down 5 times and holding exponential losses. You can’t win enough long term to cover those losing streaks.

If you come across sports gambling touts, please remember this. The world’s best at handicapping lines win at a roughly 55-58% rate long term. No exceptions. Anyone claiming a higher rate than this either did it in a single weekend by pure luck, are lying, or they are betting massive favorites. You may be saying okay Spencer they’re still winning aren’t they?

The sportsbooks are so polished by now that their lines are built to win long term. You will lose long term if you are betting heavy favorites moneyline. These lines are for squares because they seem so easy, just pick the team that’s guaranteed to win. The problem is that the one or two times out of ten that the heavy favorite does lose, the losses are greater than the combined wins. These billion dollar casinos full of incredible sportsbooks don’t get built from winners.