Most I've lost is £200. If I get a couple of nice winners and my account looks good and I've had a few beers I put stupid football or racing bets on. Most I ever won was £900 when Sea the Stars won the Guineas and i had 50 each way on him.
it's all about numbers - you can have as many pissing contests as you like but at the end of the day if you are not betting on an even money shot at 11/10 then you will lose money. a bookmaker sells outcomes of events and he will sell those outcomes at odds that will make a profit. a fruit and veg shop buys x(apples) and sells at y(apples) to make a profit - bookmakers do exactly the same. look at the payout on the roulette machines in bookies - over an infinite period of time payout will be... a ****load less than what you put in :-( aw **** - tried to flower it up but just google bookmaker and overround.
bookmaker and overround anyone??? high street bookies are STAND and DELIVER - honest to god - they are selling football odds as apples (they are buying at £0.20 a lb and selling at £2.02 a lb) ****in daylight robbery every weekend ffs!
Are you trying to say that bookies take in more money than they pay out? Well, **** me, what a **** business model, who'd a thunk it?
Am having a Saturday off the gambling, probably the first Saturday in years that I'll not have had any sort of bet. Am gonny be bored oot my skull.
Bet on Finland winning the eurovision, the bird in it is going to kiss another bird at the end of the song, they are bound to win it.
Many a time I've won over £100 doing 45x1p sfc doubles on the dogs. Not really relevant, but true story nontheless
Value, you mean? The holy grail of the regular punter. Easy enough to identify if you're getting 11/10 on the toss of a coin, but apply it to sport and it becomes very elusive. If I back Dawn Approach at 11/10 for the Derby it's because in my opinion that's value. And if I trust my opinion then it doeasn't become a bad bet if the horse gets beat. But all that only applies from the punters point of view. The holy grail for the bookie is the green book, in which every outcome is a profitable one, but it's far easier to conceive it than achieve it, or at least it was until the advent of the exchanges. A bookmaker was only ever as good as his odds compilers, but nowadays they all just lay off their liabilities on Betdaq.
The holy grail for a punter is factoring in a piece of information that the bookie hasn't done (and bookies are incredibly overworked in the amount of odds they produce so it's not very difficult). So for instance a team in a lower league such as Scotland, or something, might be 4/1 to be relegated, the bookie is giving you odds saying that it is 20% chance of happening, when in fact the true chance of happening is say 17% (just under 5/1). You can tell how much percentage a bookie is putting on by calculating the entire book percent, and roughly splitting the margin between all the selections. So in the case of the 20% chance that is truly 17% you probably need to get odds of 11/2 or greater to make this a decent bet if there are no other variables involved. There is however one thing the bookies did not factor in when making their 4/1 - because the bookie prices up 40 leagues he doesn't look into the financial situation in each team because he hasn't got the time, so unbeknown to the bookie the team that are 4/1 to be relegated are actually in dire financial difficulty. You can use your brain and say 'I make this team 3/1 to go into administration by the end of the season and get deducted 10 points'. So the book in his 20% relegation offering hasn't factored in the 25% chance that the team will go into administration and lose 10 points, you work out that a 10 point handicap would turn the team from a 4/1 shot (20%) to be relegated to 1/2 shot (66%) - so; IF there is a 25% chance that the 20% chance will become a 66% chance ((66% - 20% = 46%) multiplied by 25% chance of administration = 11.5% not factored into the book) ... (20% (original chance) + 11% (not factored) = 33%) = true price of that team being relegated is 2/1. Complicated, but when you have several hundred leagues around the world and you have bookmakers offering hundreds of special markets, which can be affected by things such as players leaving teams mid season (so for instance I backed Dzeko to be top Man City goal scorer this season at 12/1 because I tried to factor in the chances of Tevez or Balotelli throwing a strop and leaving) then there are a massive amount of opportunities which can be taken advantage off. You'll soon find that your biggest problem is finding a bookmaker who has not closed or restricted your account for winning.
I used to put £200 each on Ronaldo and Torres to score first in the 2007/08 season (the odds were usually between 3/1 and 5/1) Also I bet up to £50 on greyhounds that were running well and above my price (particularly bitches in form)
Spread betting is the best , today I got Celtic third goal before 81 mins came in 27 mins a 54/1 winner at £5 =£270 , need balls for it , but the best for gambling you don't know your losses !!!
With your roulette example , you can wager on 37 numbers but you get paid 35/1 plus your original stake. This is the house edge , if you bet £1 on every number you will need to place £37 & lose £1 every spin..
