[QUOTE=Skeeter;56206]I think Sundown has pretty much nailed answers I agree with. I'm no longer baby sitting Reno but I did it for several years and even there I wouldn't say there are loads out there. IMO a scalper who can bet all of the Nevada casinos along with a reasonable selection of offshore books and a Matchbook account would be hard pressed to scalp for 40K per year. Certain Nevada casinos are better than others. I think if you're playing at certain Nevada casinos and not others the numbers are less.
I'm always talking about "in your lap" scalps. I'm not talking about taking a lead on a game for big money and then the market moving favourably in your direction several hours later. I'm talking about simultaneously entering bets and taking no market risk.
If you don't have the correct offshore outs to offset many of the numbers in Nevada once again the numbers are way less. My experience is that a LV bettor without access to Pinnacle or Matchbook has no chance in the arbitrage game. Oh sure the odd one. Maybe the odd 10. Kudos for finding one.
But I wouldn't make it a key part of my business plan and there would be no systematic living in it. I'll go that far would be interested in hearing if anyone disagrees. But if you did 200 scalps for 20 cents at 1000 per bet that would be an absolute maximum of $40,000 and that is letting all the scalps ride one way and 20 cents is totally unreasonble. 20 cents will be in your 97th percentile of scalps for cents. You might average 8-10 cents and I thnk you'll find 200 of them not that easy. You'll also likely not let them ride so all the time.
If you want to add 20K in profits scalping you'll need the appropriate offshore outs and be involved in baseball and football side betting. Using your screen select Nevada outs where you can expect the most in your lap scalps. The props would have some use around Super Bowl of course and some other times but the limits will conspire against you to make any decent money but obviously if you are not comfortable with betting the 500 either because of the size of bet or the bet you're making when you see it scalp it and go out for dinner.
Practically, most pro bettors will convert the value of their scalp bets to middle opportunities if they don't just take all of the bet for risk at least in my experience and forego the scalp. For myself that includes props. I'll search where I can to go over 2 and under 2.5 on whatever we're talking about just for the shot at the 2 as an example and not just scalp my bet if for some reason I don't want the bet.[/QUOTE]
Ill live if I don't make 40K a year on these. I look at them as overnight loans that I'm making to the casinos and getting a higher interest rate than what I could otherwise. If my bankroll is sitting in my savings account, I might get $20 of yearly interest on it (and that's from a "generous" bank). A 1-year CD is paying, what, like 1% right now? If I can find scalps in the 5% range a couple times per year then I'm way ahead of the alternative of just letting my BR sit.
