Got to win 3

[The Camel]

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

Matt, sorry but you are very wrong.

If I walked into a betting shop and asked for £5000 each way the 5/2 shot in the race above. There is absolutely zero chance the bookmaker would take it.

£200 each way I would have a chance of getting on, £500 each way or more no way.

In the long run the bookmaker is going to lose alot of money laying bets like this.

You want me to prove it? I will start a good each way bets thread with a bank of £1000, I guarantee at the end of the year it will make money.

[pokefast]

 

[sovietsong]

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

Matt, sorry but you are very wrong.

If I walked into a betting shop and asked for £5000 each way the 5/2 shot in the race above. There is absolutely zero chance the bookmaker would take it.

£200 each way I would have a chance of getting on, £500 each way or more no way.

In the long run the bookmaker is going to lose alot of money laying bets like this.

You want me to prove it? I will start a good each way bets thread with a bank of £1000, I guarantee at the end of the year it will make money.

do you do apprenticeships?  i would like to quit my job and come work for you, clean up and such like and rather than paying me you could just pass on some of your knowledge.  you could even place bets on my accounts for a bit, all of mine are losers so most bookies will take any bet i fancy!!

[pokefast]

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

Matt, sorry but you are very wrong.

If I walked into a betting shop and asked for £5000 each way the 5/2 shot in the race above. There is absolutely zero chance the bookmaker would take it.

£200 each way I would have a chance of getting on, £500 each way or more no way.

In the long run the bookmaker is going to lose alot of money laying bets like this.

You want me to prove it? I will start a good each way bets thread with a bank of £1000, I guarantee at the end of the year it will make money.

do you do apprenticeships?  i would like to quit my job and come work for you, clean up and such like and rather than paying me you could just pass on some of your knowledge.  you could even place bets on my accounts for a bit, all of mine are losers so most bookies will take any bet i fancy!!

Me too Camel.

[sovietsong]

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

Matt, sorry but you are very wrong.

If I walked into a betting shop and asked for £5000 each way the 5/2 shot in the race above. There is absolutely zero chance the bookmaker would take it.

£200 each way I would have a chance of getting on, £500 each way or more no way.

In the long run the bookmaker is going to lose alot of money laying bets like this.

You want me to prove it? I will start a good each way bets thread with a bank of £1000, I guarantee at the end of the year it will make money.

do you do apprenticeships?  i would like to quit my job and come work for you, clean up and such like and rather than paying me you could just pass on some of your knowledge.  you could even place bets on my accounts for a bit, all of mine are losers so most bookies will take any bet i fancy!!

Me too Camel.

remember i asked first

[pokefast]

No worries Soviet,i'm in line.

[StuartHopkin]

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

I think Camel/Typhoon should be in charge of recruitment for betting shops in future then

[The Camel]

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

Matt, sorry but you are very wrong.

If I walked into a betting shop and asked for £5000 each way the 5/2 shot in the race above. There is absolutely zero chance the bookmaker would take it.

£200 each way I would have a chance of getting on, £500 each way or more no way.

In the long run the bookmaker is going to lose alot of money laying bets like this.

You want me to prove it? I will start a good each way bets thread with a bank of £1000, I guarantee at the end of the year it will make money.

do you do apprenticeships?  i would like to quit my job and come work for you, clean up and such like and rather than paying me you could just pass on some of your knowledge.  you could even place bets on my accounts for a bit, all of mine are losers so most bookies will take any bet i fancy!!

LOL.

Maybe I might have to make an job vacancy like Horneris.

[Ironside]

start a £1000 challenge thread pls camel

i will put £100 into an online bookies and try and match your bets at 10%

[The Camel]

start a £1000 challenge thread pls camel

i will put £100 into an online bookies and try and match your bets at 10%

Your wish is my command

[typhoon13]

Ive heard a lot of serious backers like to back ew at short odds, i
have never been able to see how this works in your favour
mathematically,

if you have 10.x £100 ew bets ,the win part of the bet is separate,
you are gambling £1000. separately on place bets
if every horse you back is 5/2.placed odds 1/5th. every race you either
pick up £150.when a selection is placed or loose £100

if 6 out of 10 of your selections are placed you have picked up £900,
cost of bets £1000.so you loose £100
to show a profit of £50 risking £1000 you have to have 7 out of 10
selections placed,7x£150.
7 out of 10 selections winning is a excellent strike rate yet the
profit for this is £50.,
maybe i am looking at this wrong but as i say i cant understand how
this is a good bet mathermatically.

steeveg

I can see where you are coming from but in my case have to disagree.

I will not be having 10 bets at 5/2 ew

The majority of the time i have a bet i know my horse or dog will be actually trying to win, that's a big advantage.

I have a fair idea its been working well.

I don't just pick a horse or dog i put in some serious homework but i have to say i am not always correct unfortunately.

On Saturday when i said i would of liked 5/2 ew it was all my own work and i wanted an edge on if i was wrong. okay if it had come fourth i would of lost the lot, that's the danger of this industry again unfortunately, but in my own mind and with what figures i had to work with this was a well worth investment thankfully i was correct, now you lumping on the nose and me going ew on that pick, long term i can guarantee i will stay the course longer than yourself, i have my own history to prove that.

Right, looking at your figures if i was backing 10 5/2 shots in a row i would certainly expect some win bets in there as well as some place bets else i would not be here typing this reply now i would be working for someone else, i have been in the self employed speculation game for 32 years so i must be getting something correct (although some were doubting me earlier).

Everyone take note of camel he is giving you some sound advice.

Good luck

[steeveg]

I understand and respect what you say Typhoon, i have never argued Camel or anyone else will not make a profit from backing EW at short prices of 5/2 or less, the difference of opinion is over will you win more or loose more if you where to back the same horses to win.
there are a few ways at looking at the maths ,it is not results orientated it is maths,i just cant see how having to get a min of 70% of your selections placed before you show a profit of only 5%. is a good bet, now if the opinion is its insurance and cuts variance, this may be true but still not convinced.if i am wrong fair enough i would love to find a safer way of gambling on horses at short prices.

[typhoon13]

I understand and respect what you say Typhoon, i have never argued Camel or anyone else will not make a profit from backing EW at short prices of 5/2 or less, the difference of opinion is over will you win more or loose more if you where to back the same horses to win.
there are a few ways at looking at the maths ,it is not results orientated it is maths,i just cant see how having to get a min of 70% of your selections placed before you show a profit of only 5%. is a good bet, now if the opinion is its insurance and cuts variance, this may be true but still not convinced.if i am wrong fair enough i would love to find a safer way of gambling on horses at short prices.

That depends on if they win or not, i am after 50% of my win stake back if they get beat and i certainly would not expect 7 of them to get beaten at 5/2 or i would not be sat here now. Hedging my win stake is very important to
survival, remember i am not just glancing at the selection and hoping it will win like the average punter.

Maths and results have proved me right so i cant really find a way to debate this with you.

Don't really want to repeat myself but here goes, 30/70 the best hedge against going broke, you don't get rich as quick but you will survive longer. matt674 would not be allowed to take those bets the bookie detests them.

[steeveg]

I have understood what you mean from the begining Typhoon i am also going over the same ground,
one important fact which seems to be overlooked is your total stake
backing ew compared to win.its double the stake.double the risk,10 x £100 ew is £2000 staked ,
compared to 10 x£100 win bets £1000 staked,
example , say you get 7 winners 3 unplaced, out of 10
7 winners at  £100 ew 5/2 ew returns 7 x £500= £3500 for a total stake of £2000, profit is £1500
7 winners at  £100 win at 5/2 returns  7x £350 =£2450 for a total stake of £1000 profit is  £1450 ,
you have risked £1000 to win £50,
it doesn't matter if the horses win or place you still have to get 7 horses placed out of 10 to show a 5% profit. to justify doubling your
stake by backing EW. at 5/2 or less ,
 8 out of 10 horses placed is a fantastic strike rate,risk an extra £1000 by backing ew ,profit £200. thats what puts me off.
 now if you can get 1/4 odds like years ago it might work out ok.

[typhoon13]

steeveg

Thanks for your inquisitiveness this will be my final reply to your inquisiturient questions.

On my bet Saturday night i never at all mentioned profit, just merely trying to safeguard some of my win money if my choice was placed.

You keep rabbiting on about 10 bets at 5/2, who's had 10 bets at 5/2, not me.

Your question had 10 bets at 5/2, i suggest you ask your own question.