Apr 29, 2013 -- 6:47AM, spyvspy27 wrote:
Because in that scenario Mr Hope, I lose nothing to A whenever he backs a winner, and keep winning from punter B
No, because who says B is solely using you? If A is such a good punter with a 100% POI then your 5.00 suddenly doesn't look so good, which means you have given B huge value.
What I think he is saying hoper, is that because A backed it, makes it more likely to win since he is a winning punter and knows his ****, but because B backed it and he is a moron, it will probably lose.
Apr 29, 2013 -- 6:53AM, logroller wrote:
BJT................its not about the odds or perseved value, its about betting heads
Of course it is about the odds. That is what bookmaking is.
Apr 29, 2013 -- 6:58AM, logroller wrote:
BJT....Of course it is about the odds. That is what bookmaking is. BELEIVE ME I COULD OFFER SOME PUNTERS 10/9 YOUR PICK IN A 2 HORSE RACE AND I WOULD STILL BEAT THEM
Yes, but you are limiting to morons again. You couldn't open that up to everybody and win. Ridiculous statement imo
Apr 29, 2013 -- 7:19AM, spyvspy27 wrote:
BJT • April 29, 2013 7:12 AM BSTThe point is, if you open your books, to everybody, for a limited liability, once the markets are established, you cannot lose long term unless you have no idea of money management or don't have the system in place to move the odds around when required.2 flaws with that, you must get money for every runner,also by closing off your book, how will that make some regular losing punters feel when they can't get on for 200
Why must you get money from every runner?
As a punter, do you need to back every runner to make a profit?
Apr 29, 2013 -- 8:22AM, Dark....Target wrote:
"I am talking about backing something at market opinion every race, long term, will return you 100%, not including commission, takeouts, etc etc...."Absolutely incorrect. You normalize the TAB (any one of them) market to 100% and back every outsider of the race, you will not return 100% of your investment.
And a sole TAB is the market?
Being a little silly now.
The day I use the TAB finalised prices, is the day I am a rich man.
Apr 29, 2013 -- 11:13AM, spyvspy27 wrote:
BJT you were wrong about saying in a 100% market everyone would break even, you were shown why that is incorrect, but I don't see you saying, hey I was wrong anywhere
No, I think you may have mistaken what I was saying, so there is no need for me to say I was wrong. If you are betting into something that averages a 100% return, long term, you must return 100% of your money.
That statement can not be wrong, and never will be wrong.
Apr 29, 2013 -- 12:09PM, Kye wrote:
Sorry i should have stayed out. though it all sounds like a stupid argument that has gone for far too many posts.Can someone point me to a 90% market so i can have punt.
But you will lose....