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Got to win 3
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Topic: Got to win 3 (Read 9734 times)
The Camel
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Re: Got to win 3
«
Reply #30 on:
December 01, 2009, 03:27:49 PM »
Quote from: steeveg on December 01, 2009, 03:19:35 PM
I understand what you mean about value Camel, it does depend how you look at this Mathematically,
at the end of the day 7 out of 10 winning selections at 5/2 ew risking £1000 to win £50 doesn't look a decent bet to me,
10 out of 10 winning selections wins £500 risking £1000, but that's what gamblings all about, different opinions,
I'm not sure what you mean.
If you don't like risking too much, lay the win portion of the bet on betfair and just have a huge value bet.
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
In Form
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Posts: 134
Re: Got to win 3
«
Reply #31 on:
December 01, 2009, 03:28:53 PM »
Quote from: steeveg on December 01, 2009, 03:19:35 PM
I understand what you mean about value Camel, it does depend how you look at this Mathematically,
at the end of the day 7 out of 10 winning selections at 5/2 ew risking £1000 to win £50 doesn't look a decent bet to me,
10 out of 10 winning selections wins £500 risking £1000, but that's what gamblings all about, different opinions,
10 out of 10 winning selections? Where did you get them from then?
Bad EW betting is a long term winning play (if you can get on) it is mathmatically proven.
Summer jumping is a particularly good time for this type of bet when it is possible to find multiple bets in one day.
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steeveg
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Re: Got to win 3
«
Reply #32 on:
December 01, 2009, 03:43:43 PM »
Quote from: The Camel on December 01, 2009, 03:27:49 PM
Quote from: steeveg on December 01, 2009, 03:19:35 PM
I understand what you mean about value Camel, it does depend how you look at this Mathematically,
at the end of the day 7 out of 10 winning selections at 5/2 ew risking £1000 to win £50 doesn't look a decent bet to me,
10 out of 10 winning selections wins £500 risking £1000, but that's what gamblings all about, different opinions,
I'm not sure what you mean.
If you don't like risking too much, lay the win portion of the bet on betfair and just have a huge value bet.
its not the stakes. its wheather it shows a bigger profit over a lot of bets compared to just backing the same horses to win.
«
Last Edit: December 01, 2009, 03:45:28 PM by steeveg
»
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In Form
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Re: Got to win 3
«
Reply #33 on:
December 01, 2009, 03:52:43 PM »
Quote from: steeveg on December 01, 2009, 03:43:43 PM
Quote from: The Camel on December 01, 2009, 03:27:49 PM
Quote from: steeveg on December 01, 2009, 03:19:35 PM
I understand what you mean about value Camel, it does depend how you look at this Mathematically,
at the end of the day 7 out of 10 winning selections at 5/2 ew risking £1000 to win £50 doesn't look a decent bet to me,
10 out of 10 winning selections wins £500 risking £1000, but that's what gamblings all about, different opinions,
I'm not sure what you mean.
If you don't like risking too much, lay the win portion of the bet on betfair and just have a huge value bet.
its not the stakes. its wheather it shows a bigger profit over a lot of bets compared to just backing the same horses to win.
It will without any doubt return long term winnings.
Not sure what you mean when you say the "the same horses" though.
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steeveg
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Re: Got to win 3
«
Reply #34 on:
December 01, 2009, 04:03:48 PM »
Quote
Not sure what you mean when you say the "the same horses" though.
If you could check the the result of every horse you have backed ew at 5/2, work out how much you have staked and returns from bets,
work out how much you would of staked and returns from just backing the same horses to win, it would show if it was correct to have backed all the horses ew or just to win.
«
Last Edit: December 01, 2009, 04:06:10 PM by steeveg
»
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In Form
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Re: Got to win 3
«
Reply #35 on:
December 01, 2009, 04:12:34 PM »
Quote from: steeveg on December 01, 2009, 04:03:48 PM
Quote
Not sure what you mean when you say the "the same horses" though.
If you could check the the result of every horse you have backed ew at 5/2, work out how much you have staked and returns from bets,
work out how much you would of staked and returns from just backing the same horses to win, it would show if it was correct to have backed all the horses ew or just to win.
That wouldn't matter.
It's about ALL the EW bets you have in these type of races. When you have the place % on your side you will make money.
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The Camel
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Re: Got to win 3
«
Reply #36 on:
December 01, 2009, 04:19:39 PM »
Quote from: steeveg on December 01, 2009, 04:03:48 PM
Quote
Not sure what you mean when you say the "the same horses" though.
If you could check the the result of every horse you have backed ew at 5/2, work out how much you have staked and returns from bets,
work out how much you would of staked and returns from just backing the same horses to win, it would show if it was correct to have backed all the horses ew or just to win.
We are not saying back all 5/2 shots you fancy each way.
It all depends the type of race.
Sometimes it is a stupid thing to do, sometimes it is very shrewd.
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
steeveg
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Re: Got to win 3
«
Reply #37 on:
December 01, 2009, 04:34:05 PM »
yeah i understand about picking certain races ,fav 1/2 and your selection looks certain to win or at least be placed,no doubt about it,looks a great bet but i would stilll like to work out if returns are bigger when you do occasionally have an ew bet on short prices over a long period of time rather than just a one off bet.
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The Camel
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Under my tree, being a troll.
Re: Got to win 3
«
Reply #38 on:
December 01, 2009, 04:37:39 PM »
Quote from: steeveg on December 01, 2009, 04:34:05 PM
yeah i understand about picking certain races ,fav 1/2 and your selection looks certain to win or at least be placed,no doubt about it,looks a great bet but i would stilll like to work out if returns are bigger when you do occasionally have an ew bet on short prices over a long period of time rather than just a one off bet.
No need to. It's definitely better to bet each way.
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
gatso
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Re: Got to win 3
«
Reply #39 on:
December 01, 2009, 04:38:17 PM »
Quote from: steeveg on December 01, 2009, 04:34:05 PM
yeah i understand about picking certain races ,fav 1/2 and your selection looks certain to win or at least be placed,no doubt about it,looks a great bet but i would stilll like to work out if returns are bigger when you do occasionally have an ew bet on short prices over a long period of time rather than just a one off bet.
but the way you want to look at it is results orientated. you'll find out if you would've made more money but it won't tell you if it was a good bet
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steeveg
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Re: Got to win 3
«
Reply #40 on:
December 01, 2009, 04:49:52 PM »
Quote from: gatso on December 01, 2009, 04:38:17 PM
Quote from: steeveg on December 01, 2009, 04:34:05 PM
yeah i understand about picking certain races ,fav 1/2 and your selection looks certain to win or at least be placed,no doubt about it,looks a great bet but i would stilll like to work out if returns are bigger when you do occasionally have an ew bet on short prices over a long period of time rather than just a one off bet.
but the way you want to look at it is results orientated. you'll find out if you would've made more money but it won't tell you if it was a good bet
not really its the maths which stops me from backing short prices ew,Camel gave a brilliant way of looking at the maths from a different angle.checking the results over a long period is the only way to prove which is the best bet for that punter. If someone else is making a profit good on them,we all have different ways of gambling ,not saying i am right or wrong but worth looking into a bit more,
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The Camel
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Posts: 17072
Under my tree, being a troll.
Re: Got to win 3
«
Reply #41 on:
December 01, 2009, 07:46:55 PM »
Quote from: steeveg on December 01, 2009, 04:49:52 PM
Quote from: gatso on December 01, 2009, 04:38:17 PM
Quote from: steeveg on December 01, 2009, 04:34:05 PM
yeah i understand about picking certain races ,fav 1/2 and your selection looks certain to win or at least be placed,no doubt about it,looks a great bet but i would stilll like to work out if returns are bigger when you do occasionally have an ew bet on short prices over a long period of time rather than just a one off bet.
but the way you want to look at it is results orientated. you'll find out if you would've made more money but it won't tell you if it was a good bet
not really its the maths which stops me from backing short prices ew,Camel gave a brilliant way of looking at the maths from a different angle.checking the results over a long period is the only way to prove which is the best bet for that punter. If someone else is making a profit good on them,we all have different ways of gambling ,not saying i am right or wrong but worth looking into a bit more,
There is no need to check the results.
If the price you are taking is bigger than % chance of an event happening, you've got a good bet.
If you are getting 11/10 abouts heads or tails on a coin flip, it's a good bet. You might lose, but it's definitely a good bet. Similarly betting a 5/2 shot each way in the correct races is definitely a good bet.
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
The Camel
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Offline
Posts: 17072
Under my tree, being a troll.
Re: Got to win 3
«
Reply #42 on:
December 01, 2009, 07:50:37 PM »
I didn't have much of a look at the horses today but I just opened the paper and the 1.20 Southwell stood out.
8 runners (so you get paid 3 places 1/5 odds).
Odds in the post:
8/11 5/2 10 10 20 20 33 50
Backing the 5/2 shot is a great maths each way bet.
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
matt674
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Posts: 10250
Re: Got to win 3
«
Reply #43 on:
December 01, 2009, 09:22:37 PM »
Quote from: boldie on November 28, 2009, 09:35:38 PM
Quote from: matt674 on November 28, 2009, 08:57:30 PM
Quote from: typhoon13 on November 28, 2009, 08:02:33 PM
matt
5/2 ew returns 1.5, its an hedge against going broke
Believe me bookies hate those bets
so backing a horse so that if it doesnt win you make a loss and they make a profit - bookies would hate those bets how?
Bookies want you to lose the full amount..not for you to get 50% of your stake back. If you bet for larger amounts there is definitely something to be said for this way of betting. I know loads of successful people that do.
nope as manager of a betting shop i was quite happy to take any bet where the payout was less than the original stake - the more of those i got then the more money we make. Granted yes if the horse doesn't win but finished in a place then the punter "would live to fight another day" but i've still made a profit.
If the bet was that big i could even lay some of it off on the nose because if it wins i pay out less by winning some myself, if it places then i have to pay out the punter but still make a profit and if it doesn't place then i'm quids in
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Ironside
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Re: Got to win 3
«
Reply #44 on:
December 01, 2009, 09:34:20 PM »
Quote from: matt674 on December 01, 2009, 09:22:37 PM
Quote from: boldie on November 28, 2009, 09:35:38 PM
Quote from: matt674 on November 28, 2009, 08:57:30 PM
Quote from: typhoon13 on November 28, 2009, 08:02:33 PM
matt
5/2 ew returns 1.5, its an hedge against going broke
Believe me bookies hate those bets
so backing a horse so that if it doesnt win you make a loss and they make a profit - bookies would hate those bets how?
Bookies want you to lose the full amount..not for you to get 50% of your stake back. If you bet for larger amounts there is definitely something to be said for this way of betting. I know loads of successful people that do.
nope as manager of a betting shop i was quite happy to take any bet where the payout was less than the original stake - the more of those i got then the more money we make. Granted yes if the horse doesn't win but finished in a place then the punter "would live to fight another day" but i've still made a profit.
If the bet was that big i could even lay some of it off on the nose because if it wins i pay out less by winning some myself, if it places then i have to pay out the punter but still make a profit and if it doesn't place then i'm quids in
as a manager of a bookmakers surely you would love taking every bet that has been priced right as every penny bet is profit in long run
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