Making money betting

Mr. Frost

T-K-O wrote: »

The bookies is a cess pool fool of idiots.... Thanks you please

Just like certain forums of boards then.

johnp

md23040 wrote: »

Oh holy holy God. I couldn't be bothered reading four pages of advise for someone who thinks surebet team games can only have two outcomes. A rocky start to dreams of victories. There are always three outcomes minimum - Win, Lose or Draw.

If you want to make money then use professional arbritrage. Placing bets with different online companies throughout the globe on the win lose and draw and exploiting the odds to make a return regardless of the outcome. You need a three screen execution platform to place all beats at the same time. It is possibly to make returns of 20%+ per beats but something tells me based on the OP failure to grasp the basics seem to me like this would be a non runner.

Finally larger wagers are flagged by bookies wth maximum bets of £2000 online. If you had a 20% surebet then everyone would borrow millions to exploit the arbritage.

For me there's only two outcomes, you win the bet or you don't.

Capt'n Midnight

Other outcomes besides win/loose/draw
match canceled
club goes broke
match fixing, remember the fixing of the floodlights

Dave!

Put it all on 7, lucky 7....

md23040

johnp wrote: »

For me there's only two outcomes, you win the bet or you don't.

Arbitrage in gambling is the same as arbitrage within stock markets and currency markets. It is about exploiting the odds between buyers and sellers. Often football games or rugby games arise where it costs £850 to back the win, lose or draw with each result yielding £1000. So in other words regardless of the outcome the bet always wins.

Google arbitrage – it’s used daily in markets with options, calls, puts more often in spread betting. The mathematics in gambling is exactly the same. And it is legal.

johnp

md23040 wrote: »

Arbitrage in gambling is the same as arbitrage within stock markets and currency markets. It is about exploiting the odds between buyers and sellers. Often football games or rugby games arise where it costs £850 to back the win, lose or draw with each result yielding £1000. So in other words regardless of the outcome the bet always wins.

Google arbitrage – it’s used daily in markets with options, calls, puts more often in spread betting. The mathematics in gambling is exactly the same. And it is legal.

I know arbitrage. And yes you win.
My point is that saying there are 3 or more outcomes of a bet is pointless. You either win the bet or you don't. But yes, if you get a good arb you win.

leerdun46

Confab wrote: »

Ah yes, it's one way of becoming a bookie. It's quite interesting but you really, really need to know what you're doing.

and have the time to do it,but i agree,be smart

md23040

johnp wrote: »

I know arbitrage. And yes you win. My point is that saying there are 3 or more outcomes of a bet is pointless. You either win the bet or you don't. But yes, if you get a good arb you win.

The most outcomes in an Arb are five but typically always three. Five would be like which country would qualify out of a particular group, like say in the Rugby World Cup. But three outcome bets more often are the most lucrative. Horse racing is nirvana to bookies since it is so random with so many outcomes. And people placing doubles, or triples or multipliers are bookie wet dreams.

The best arb even on television was in the 1980's. Jimmy White got a televised 147 and stood to win £147,000. The next day Hendry got a 143 and would have shared the jackpot if the maximum break was achieved. The commentator asked White was he worried watching the game, he replied "no just disappointed". Perplexed the commentator asked how come. "Because I placed a £2k bet with Ladbrokes at 150-1 that another player would make a 147 in the same tournament". Only Jimmy would think of it.

SV

Blackjack is the only way you can guarantee yourself a profit.

regards gambling anyway.

johnp

md23040 wrote: »

The most outcomes in an Arb are five but typically always three. Five would be like which country would qualify out of a particular group, like say in the Rugby World Cup. But three outcome bets more often are the most lucrative. Horse racing is nirvana to bookies since it is so random with so many outcomes. And people placing doubles, or triples or multipliers are bookie wet dreams.

The best arb even on television was in the 1980's. Jimmy White got a televised 147 and stood to win £147,000. The next day Hendry got a 143 and would have shared the jackpot if the maximum break was achieved. The commentator asked White was he worried watching the game, he replied "no just disappointed". Perplexed the commentator asked how come. "Because I placed a £2k bet with Ladbrokes at 150-1 that another player would make a 147 in the same tournament". Only Jimmy would think of it.

Sorry, I think you miss my point (I'm usually crap at explaining).

You either win money, or you don't win money.

Two outcomes, win or not win.

johnp

ClioV6 wrote: »

Blackjack is the only way you can guarantee yourself a profit.

regards gambling anyway.

Isn't Blackjack the most favourable of all the casino games for punters, but still in the favour of the casino?

SV

johnp wrote: »

Isn't Blackjack the most favourable of all the casino games for punters, but still in the favour of the casino?

Under normal circumstances, yes.

but then there's basic strategy, with that you reduce the odds of the casino winning. They're still at an advantage but not nearly as much.
so if you start to count the cards as well..

winner winner chicken dinner :pac:

johnp

ClioV6 wrote: »

Under normal circumstances, yes.

but then there's basic strategy, with that you reduce the odds of the casino winning. They're still at an advantage but not nearly as much.
so if you start to count the cards as well..

winner winner chicken dinner :pac:

haha, liked that movie


Was playing blackjack in town and the croupier was telling us how to count. Guess he thought we were too drunk to put it into action.

He was right

SV

johnp wrote: »

haha, liked that movie


Was playing blackjack in town and the croupier was telling us how to count. Guess he thought we were too drunk to put it into action.

He was right

It's damn near impossible.

one of the hardest things I've ever attempted..

counting 14 different cards and deciding what I was betting with the possibility of 8 or 9(or more) cards coming out...arghh

johnp

ClioV6 wrote: »

It's damn near impossible.

one of the hardest things I've ever attempted..

counting 14 different cards and deciding what I was betting with the possibility of 8 or 9(or more) cards coming out...arghh

Think there's a couple of different ways of counting, I'm sure the more difficult ways give you more of an advantage.
But, to be honest, I don't know any, so I'm prob talking crap.

Super Sidious

If your gonna bet large amounts of cash on sure things be ready for serious swings... what you may make from 10 marginal wins, you can lose in one bet...

10 x €1000 may return 100-500 per win... but if you lob 10,000 on sure things like andy murray to win his second round tie against a nobody... so you can win 1000... your back down big time...

workin for a bookmaker and I see it all the time... Betting in running is the way to go if you wanna try make money... but a great knowledge of the sports your betting on and alot of luck is the only way you'll make it!

Good luck!