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Title: Can this work ? Post by: Scott_Kid_poker on January 27, 2007, 03:50:50 PM Example, Wolves v WBA 28/01/2007 12:00 2.40 3.25 2.65 Bet £1,000 on Wolves. Bet £1,000 on WBA. If Wolves win my payout = £2,400 takeaway £1,000 stake = £1,400 takeaway £1,000 loseing bet = £400 total profit. Bet £1,000 on WBA Bet £1,000 on Wolves. If WBA win my payout = £2,650 takeaway £1,000 stake = £1,650 takeaway £1,000 loseing bet = £650 total profit. Basicly you're betting against the draw when both teams are OVER 2 to 1 against. Anygood ? Would you try it ? Title: Re: Can this work ? Post by: LeKnave on January 27, 2007, 04:01:18 PM bit crushing if its a draw though...
WBA win = +£650 Wolves win = +£400 Draw = -£2000 I wouldn't bother. Title: Re: Can this work ? Post by: ChipRich on January 27, 2007, 04:02:46 PM i agree, not really worth the Gambool!
Title: Re: Can this work ? Post by: Horneris on January 27, 2007, 04:09:50 PM no, obviously not. Wolves always draw
Title: Re: Can this work ? Post by: thetank on January 27, 2007, 04:11:24 PM It'll work if it's not a draw.
Title: Re: Can this work ? Post by: LeKnave on January 27, 2007, 04:12:39 PM Title: Re: Can this work ? Post by: ChipRich on January 27, 2007, 04:12:46 PM hahaha
Title: Re: Can this work ? Post by: thetank on January 27, 2007, 04:25:35 PM Shouldn't really take the piss. Welcome to blonde Scott Kid :hello:
It will not work, although a draw unlikely, you risk four times as much as you stand to gain. Title: Re: Can this work ? Post by: LeKnave on January 27, 2007, 04:43:09 PM :hello: and ;welcome;
Title: Re: Can this work ? Post by: thetank on January 27, 2007, 04:45:50 PM It's akin to covering all but a few numbers on the roulette wheel.
You will win most of the time, but the losses will be big when they do come. Gambling in this manner, attempting to maximize the % of sessions where you win, can quickly lead to ruin. It's not uncommon for those big "unlikely" losses to bunch together in the natural course of things. No amount of mainpulation will turn a series of negative EV bets into a positive EV bet. (unless you have an infinite bankroll, with someone willing to book infintely large bets) Title: Re: Can this work ? Post by: Scott_Kid_poker on January 27, 2007, 04:50:18 PM Shouldn't really take the piss. Welcome to blonde Scott Kid :hello: CheersIt will not work, although a draw unlikely, you risk four times as much as you stand to gain. Title: Re: Can this work ? Post by: KeithyB on January 27, 2007, 05:01:38 PM ;welcome; Welcome to blonde Scott,
Regarding the bet.....yep it's too risky! Think longer term and imagine placing this same bet four times and you'll need to win every time to ensure a profit. Just one draw over the four bets and you're guaranteed a loss overall. |