blonde poker forum
Welcome, Guest. Please login or register.
September 29, 2020, 12:52:43 PM

Login with username, password and session length
Search:     Advanced search
2254215 Posts in 66554 Topics by 16621 Members
Latest Member: ykaylac
* Home Help Arcade Search Calendar Guidelines Login Register
+  blonde poker forum
|-+  Community Forums
| |-+  Betting Tips and Sport Discussion
| | |-+  Discussions about: Staking - Betfair Football Trading
0 Members and 1 Guest are viewing this topic. « previous next »
Pages: 1 [2] 3 4 5 6 ... 147 Go Down Print
Author Topic: Discussions about: Staking - Betfair Football Trading  (Read 327876 times)
ripple11
Hero Member
*****
Offline Offline

Posts: 6296



View Profile
« Reply #15 on: June 15, 2010, 04:36:44 PM »

Also to be fair to Blatch he obviously has other things going on .....the races, Vegas, poker etc Grin

....he ain't going to do every match, and as long as he's showing a steady profit , I recon 99% of us backers are going to be well happy.
Logged
LOJ
Sr. Member
****
Offline Offline

Posts: 661



View Profile
« Reply #16 on: June 15, 2010, 04:37:54 PM »


Ah I see.... Maybe he can share some of his of knowledge on here.....
Logged
GreekStein
Hero Member
Hero Member
**
Offline Offline

Posts: 20852



View Profile
« Reply #17 on: June 15, 2010, 04:39:58 PM »

Reason I asked Blakey was cos pops was asking me why he hadn't made a profit since he invested in Feb (is it now a loss?) despite me chirping about winning every week before then.

Sigh.
Logged

@GreekStein on twitter.

Retired Policeman, Part time troll.
the sicilian
Hero Member
*****
Offline Offline

Posts: 6977



View Profile
« Reply #18 on: June 15, 2010, 04:41:47 PM »

Hi Blatch,

I was discusing this with a friend the other day who said he might be interested in investing a significant figure, he asked to me to ask if you a couple of questions. Sorry if these have been answered before but i have only recently started reading the thread.

Do you provide weekly or monthly screen shots of the profit/loss page ?

Do you trade during the games or just before ?

Cheers

Dean
Logged

Just because you don't like it...... It doesn't mean it's not the truth
Chompy
Hero Member
*****
Offline Offline

Posts: 11715


Expert


View Profile
« Reply #19 on: June 15, 2010, 04:43:34 PM »

Is it Chris Eddleman?
Logged

"I know we must all worship at the Church of Chomps, but statements like this are just plain ridic. He says he can't get a bet on, but we all know he can."
the sicilian
Hero Member
*****
Offline Offline

Posts: 6977



View Profile
« Reply #20 on: June 15, 2010, 04:45:38 PM »

i said someone with money
Logged

Just because you don't like it...... It doesn't mean it's not the truth
Blatch
Hero Member
*****
Offline Offline

Posts: 2625



View Profile
« Reply #21 on: June 15, 2010, 05:01:09 PM »

To be fair he does have a point- investing funds into the England game meaning that they are tied up for the Korea game was a mistake- Korea were 6-4 in places with the bookies early on but 2-1 and higher in others, so the market clearly hadnt settled and I had them as a certain market mover, where as the England game was harder to call in terms of trading due to a few factors. Plus the upside to a Korea market move was far more substantial than an England market move/drift. Englands price couldnt move 20 spots ever, whilst the Koreans definitely could.

Even the best make mistakes Blatch Smiley

You may well be right Dave. 

The reason I didnt do the Greece game isnt because of any gambling or betting factors its simply because of my whereabouts on the day.  I didnt want to be out for a mates birthday and having to worry about trading out of poisitions etc.  Leicester races had arranged the day so that the England game would be shown on a big screen at the racecourse after the racing had finished.  Therefore I knew this would give me enough time to trade out of the England game without any hassle.
Logged
arbboy
Hero Member
*****
Offline Offline

Posts: 12756


View Profile
« Reply #22 on: June 15, 2010, 05:17:20 PM »

The reason i am getting involved is because 3 or 4 poker players have asked me whether they should invest in this 'scheme' 2 of whom were going to invest substantial 4 figure sums and are good friends. They all respect my knowledge of sports betting given my success in the field.  I have no needle with anyone here but i am giving a balanced opinion from someone who has worked at the sharp end of this game for 10 years on both sides of the fence as a trading director/senior trader for firms and for myself in the markets.   I have a personal bf account which is miles into 2% and i have never been staked in my life preferring to do it the 'proper way' through hard work and solid bankroll management from a 4 figure starting bank at the start.

I have watched this thread for a while now after the poker players above asked for my advice some months ago and just dont see how the investment manager has any edge doing what he does.  

For a start i would be happy to lay a big price he hasnt got a 2% bf account to start with which automaticaly reduces the bottom line profit straight away quite substantially over a season or in a reverse angle of thinking means he has to be more successful than a 2% punter to return the same level of return to them.  Given he needs staking for this operation it would virtually impossible for his account to be anywhere 2% given the volume needed to be a 2% punter on bf and secondly given he is not a position taker on this operation i am assuming he is a 'green up' merchant on other betfair biz therefore making his commission level higher because of the way the bf commission structure rewarding position takers which he isnt.

Secondly does the investment manager actually know anyone who's money actually move these markets?    I would be pretty confident in outside of Tony Bloom he couldnt name 5 people who make their living in the uk from betting soccer and are responsible for the market moves due to their success/skill in pricing games up. I am assuming he doesnt have the necessary skill they have to confidently price up games to the accuracy levels they do therefore he has to rely on other 'edges' to make a profit.  I can only assume from his non involvement in the biggest gamble of the world cup by a mile preferring to focus on a rock solid eng v USA match which was never going to move at all that he does know no one ine the game who moves these markets otherwise he would have been all over the korea game like a ash.  just do the maths on his total bank going on that game at 3.3 and greening up around 2.7 and then work out how much profit was lost.  even if u assume 3.2 and 2.8 to avoid the extremes its still massively substantial.

Logged
outragous76
Hero Member
*****
Offline Offline

Posts: 13363


Yeah Bitch! ......... MAGNETS! owwwh!


View Profile
« Reply #23 on: June 15, 2010, 05:21:29 PM »

The reason i am getting involved is because 3 or 4 poker players have asked me whether they should invest in this 'scheme' 2 of whom were going to invest substantial 4 figure sums and are good friends. They all respect my knowledge of sports betting given my success in the field.  I have no needle with anyone here but i am giving a balanced opinion from someone who has worked at the sharp end of this game for 10 years on both sides of the fence as a trading director/senior trader for firms and for myself in the markets.   I have a personal bf account which is miles into 2% and i have never been staked in my life preferring to do it the 'proper way' through hard work and solid bankroll management from a 4 figure starting bank at the start.

I have watched this thread for a while now after the poker players above asked for my advice some months ago and just dont see how the investment manager has any edge doing what he does.  

For a start i would be happy to lay a big price he hasnt got a 2% bf account to start with which automaticaly reduces the bottom line profit straight away quite substantially over a season or in a reverse angle of thinking means he has to be more successful than a 2% punter to return the same level of return to them.  Given he needs staking for this operation it would virtually impossible for his account to be anywhere 2% given the volume needed to be a 2% punter on bf and secondly given he is not a position taker on this operation i am assuming he is a 'green up' merchant on other betfair biz therefore making his commission level higher because of the way the bf commission structure rewarding position takers which he isnt.

Secondly does the investment manager actually know anyone who's money actually move these markets?    I would be pretty confident in outside of Tony Bloom he couldnt name 5 people who make their living in the uk from betting soccer and are responsible for the market moves due to their success/skill in pricing games up. I am assuming he doesnt have the necessary skill they have to confidently price up games to the accuracy levels they do therefore he has to rely on other 'edges' to make a profit.  I can only assume from his non involvement in the biggest gamble of the world cup by a mile preferring to focus on a rock solid eng v USA match which was never going to move at all that he does know no one ine the game who moves these markets otherwise he would have been all over the korea game like a ash.  just do the maths on his total bank going on that game at 3.3 and greening up around 2.7 and then work out how much profit was lost.  even if u assume 3.2 and 2.8 to avoid the extremes its still massively substantial.



[  ] riiggghhhttttt i get it
Logged

".....and then I spent 2 hours talking with Stu which blew my mind.........."
GreekStein
Hero Member
Hero Member
**
Offline Offline

Posts: 20852



View Profile
« Reply #24 on: June 15, 2010, 05:26:27 PM »

thread just got goooooooood!
Logged

@GreekStein on twitter.

Retired Policeman, Part time troll.
ChipRich
Hero Member
*****
Offline Offline

Posts: 7834



View Profile
« Reply #25 on: June 15, 2010, 05:27:28 PM »

thread just got goooooooood!
Logged

Blatch
Hero Member
*****
Offline Offline

Posts: 2625



View Profile
« Reply #26 on: June 15, 2010, 05:29:44 PM »

The reason i am getting involved is because 3 or 4 poker players have asked me whether they should invest in this 'scheme' 2 of whom were going to invest substantial 4 figure sums and are good friends. They all respect my knowledge of sports betting given my success in the field.  I have no needle with anyone here but i am giving a balanced opinion from someone who has worked at the sharp end of this game for 10 years on both sides of the fence as a trading director/senior trader for firms and for myself in the markets.   I have a personal bf account which is miles into 2% and i have never been staked in my life preferring to do it the 'proper way' through hard work and solid bankroll management from a 4 figure starting bank at the start.

I have watched this thread for a while now after the poker players above asked for my advice some months ago and just dont see how the investment manager has any edge doing what he does.  

For a start i would be happy to lay a big price he hasnt got a 2% bf account to start with which automaticaly reduces the bottom line profit straight away quite substantially over a season or in a reverse angle of thinking means he has to be more successful than a 2% punter to return the same level of return to them.  Given he needs staking for this operation it would virtually impossible for his account to be anywhere 2% given the volume needed to be a 2% punter on bf and secondly given he is not a position taker on this operation i am assuming he is a 'green up' merchant on other betfair biz therefore making his commission level higher because of the way the bf commission structure rewarding position takers which he isnt.

Secondly does the investment manager actually know anyone who's money actually move these markets?    I would be pretty confident in outside of Tony Bloom he couldnt name 5 people who make their living in the uk from betting soccer and are responsible for the market moves due to their success/skill in pricing games up. I am assuming he doesnt have the necessary skill they have to confidently price up games to the accuracy levels they do therefore he has to rely on other 'edges' to make a profit.  I can only assume from his non involvement in the biggest gamble of the world cup by a mile preferring to focus on a rock solid eng v USA match which was never going to move at all that he does know no one ine the game who moves these markets otherwise he would have been all over the korea game like a ash.  just do the maths on his total bank going on that game at 3.3 and greening up around 2.7 and then work out how much profit was lost.  even if u assume 3.2 and 2.8 to avoid the extremes its still massively substantial.



There is still no reason at all for you to be getting involved.  You say you have 3 or 4 poker players that want to get involved ...... fine - tell them its no good and be done, but there  is no need to come on here and abuse what I have been doing.

The fact that you say you have 3 or 4 poker players wanting to invest "substantial" 4 figures I wanted to lol a bit.  I already have numerous poker players involved, some currently the best in the country and they have 5 figure sums involved, so they obviously feel comfortable in doing this.

I also have never, ever claimed to have a 2% comission rate.  Infact I think on atleast 8 different occasions I have stated via pm exactly what the current comission level is.  I have also stated, if you had bothered to read the thread that this is a new account and therefore it would start of 5% commision.  I have also stated numerous times the reasons why I was doing this and why it is in a different account to my main betfair account.

Yes I know a few people who moves the markets but why do I have to know them to know which way the markets will go?

All in all, your not welcome on this thread and generally after your episode on selling the WSOP package I havent actually seen how you have contributed to this forum as a whole.
« Last Edit: June 15, 2010, 05:34:58 PM by Blatch » Logged
chrisbruce
Hero Member
*****
Offline Offline

Posts: 1353



View Profile
« Reply #27 on: June 15, 2010, 05:33:08 PM »

arbboy - this magic 2% bf account that you are so proud of?

If you are doing as well as you say, are you not also paying the 20% premium charge also?
Logged
arbboy
Hero Member
*****
Offline Offline

Posts: 12756


View Profile
« Reply #28 on: June 15, 2010, 05:33:26 PM »

every judge in the game was on this game hence the gamble.  If u dont believe me read the racing post pull out for the world cup and two of the best informed british based firms on sharp soccer action both put it up as their bet of the first round alongside 2 others.  When i invest money into something and i miss the biggest return of an event like he has done here i would want a better excuse than 'i went to leics races' or  'i did the england game instead' for missing out.  

The third factor is whether the guy can actually accurately price up football matches to 100%.  If u cant do this its very hard to know whether the current market price is right or wrong.  Given he has no experience of working in the industry i would have to assume this isnt the case.  

The fourth factor regarding this is why a guy in his 30s who is so skilled at beating the market needs staking for this (esp as he has had some decent live cashes in his career to kickstart any bankroll he may need) and seemingly every other venture he does (like playing a $5/$10 cash in vegas on another staking thread - how big a roll seriously do u need to play that if its as soft as he says it is).  I would seriously struggle to invest in someone running an investment pool who has been gambling for a long time and needs staking into such small things.  IT usually suggests they arent quite as successful as they think they are.  It might be something to do with the fact that the said investment manager likes to spin up between £500-£1000 on one spin of a roulette wheel (backing 28/29 7 section of the wheel with a bundle of £50s if i wasnt mistaken) which occured the night after the pokerstars event at dtd at alea casino in nottingham.  I was present to witness it and you suddenly realise why the guy probably hasnt got the roll to do this himself.   I dont know too many people who would be so keen to invest in people who manage money in this manner.  Maybe if he didnt spunk such cash on negative ev investments then maybe he would be able to roll himself properly for a $5/$10 cash game.

The whole staking thing really annoys me when people who get staked cant control their own bankroll.  They never stop to think that maybe if they didnt spunk money for fun they might be able to put away the begging bowl and do it themselves if they are good enough.
Logged
arbboy
Hero Member
*****
Offline Offline

Posts: 12756


View Profile
« Reply #29 on: June 15, 2010, 05:40:21 PM »

chris -  most position takers on bf (unless they are insanely successful over a long period of time % wise which is virtually impossible) dont pay the premium charge.  The premium charge has a complex formula but to keep it simple it punishes people who suck money out of th bf system without giving much back in the way of commission (ie green up merchants or people who lay 1000/1 or back 1.01 about things which are already beat/won)  Against popular belief you can be a massive winner on bf and not pay the premium charge if you take positions conversely you can pay the premium winning a relatively small amount of money depending on how you win it.  I know this will sound like double dutch to most people but its actually fact. 

Logged
Pages: 1 [2] 3 4 5 6 ... 147 Go Up Print 
« previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.24 seconds with 21 queries.