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Betting Tips and Sport Discussion
Can this work ?
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Topic: Can this work ? (Read 1938 times)
Scott_Kid_poker
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Posts: 52
Can this work ?
«
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 ?
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Scott_Kid_Poker
LeKnave
Hero Member
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Posts: 5547
the end of days...
Re: Can this work ?
«
Reply #1 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.
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ChipRich
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Posts: 7835
Re: Can this work ?
«
Reply #2 on:
January 27, 2007, 04:02:46 PM »
i agree, not really worth the Gambool!
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Foody
Horneris
#5 BH
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Re: Can this work ?
«
Reply #3 on:
January 27, 2007, 04:09:50 PM »
no, obviously not. Wolves always draw
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thetank
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Re: Can this work ?
«
Reply #4 on:
January 27, 2007, 04:11:24 PM »
It'll work if it's not a draw.
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For super fun to exist, well defined parameters must exist for the super fun to exist within.
LeKnave
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the end of days...
Re: Can this work ?
«
Reply #5 on:
January 27, 2007, 04:12:39 PM »
Quote from: thetank on January 27, 2007, 04:11:24 PM
It'll work if it's not a draw.
PMSL
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ChipRich
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Re: Can this work ?
«
Reply #6 on:
January 27, 2007, 04:12:46 PM »
hahaha
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thetank
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Re: Can this work ?
«
Reply #7 on:
January 27, 2007, 04:25:35 PM »
Shouldn't really take the piss. Welcome to blonde Scott Kid
It will not work, although a draw unlikely, you risk four times as much as you stand to gain.
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For super fun to exist, well defined parameters must exist for the super fun to exist within.
LeKnave
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Re: Can this work ?
«
Reply #8 on:
January 27, 2007, 04:43:09 PM »
and
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thetank
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Re: Can this work ?
«
Reply #9 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)
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For super fun to exist, well defined parameters must exist for the super fun to exist within.
Scott_Kid_poker
Jr. Member
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Posts: 52
Re: Can this work ?
«
Reply #10 on:
January 27, 2007, 04:50:18 PM »
Quote from: thetank on January 27, 2007, 04:25:35 PM
Shouldn't really take the piss. Welcome to blonde Scott Kid
It will not work, although a draw unlikely, you risk four times as much as you stand to gain.
Cheers
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Scott_Kid_Poker
KeithyB
Sr. Member
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Posts: 930
It's a Euro Rover...old man!!!
Re: Can this work ?
«
Reply #11 on:
January 27, 2007, 05:01:38 PM »
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.
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