New Posts For Thread: How much do you think you have gambled during your life?https://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-lifeNot won or lost but total stakes on bets?I reckon about twenty million.Oh, and arbing never worked for any appreciable amounts of money. Bookies aren't that stupid that they guarantee money to people who look for mistakes.In the early days of BF, there were a few, but these were hoovered up in minutes and closed.imo arbhttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555052189#555052189Oh, and arbing never worked for any appreciable amounts of money. Bookies aren't that stupid that they guarantee money to people who look for mistakes.In the early days of BF, there were a few, but these were hoovered up in minutes and closed.imo arbTue, 17 Jul 2018 15:42:01 -0500I'd agree with that if it was just about horse racing, but it isn't, ub.Originally bookies -especially in shops didn't take a view, they would just hedge large liabilities and stand favourites, so there would be no need to test their opinion againsthttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555052167#555052167I'd agree with that if it was just about horse racing, but it isn't, ub.Originally bookies -especially in shops didn't take a view, they would just hedge large liabilities and stand favourites, so there would be no need to test their opinion againstTue, 17 Jul 2018 15:38:28 -0500It was pretty much over by the time you joined the forum STUDYFORM.Previous to that, the bookies tested their opinion against the exchange market, and found that they could not win.https://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555051853#555051853It was pretty much over by the time you joined the forum STUDYFORM.Previous to that, the bookies tested their opinion against the exchange market, and found that they could not win.Tue, 17 Jul 2018 15:01:14 -0500Slippy, that's because they've spent 10 years or more steering people towards FOBTs and small sports bets.Until they came along (and before the internet betting took off), bookies did OK from betting - mostly on horses, and a little on dogs.The biggehttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555051709#555051709Slippy, that's because they've spent 10 years or more steering people towards FOBTs and small sports bets.Until they came along (and before the internet betting took off), bookies did OK from betting - mostly on horses, and a little on dogs.The biggeTue, 17 Jul 2018 14:47:32 -0500Silly question to ask on this forum where an arb would involve betting as much as possible with other bookies, risk free.https://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555051473#555051473Silly question to ask on this forum where an arb would involve betting as much as possible with other bookies, risk free.Tue, 17 Jul 2018 14:12:25 -0500"The thing the biggest bookies don't get - because they're run by ex-students and accountants and not anyone who understands gambling - is that if the machines weren't there, the money would come back over the counter."Well STUDYFORM, I really cannothttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555051311#555051311"The thing the biggest bookies don't get - because they're run by ex-students and accountants and not anyone who understands gambling - is that if the machines weren't there, the money would come back over the counter."Well STUDYFORM, I really cannotTue, 17 Jul 2018 13:44:54 -050012% of lottery and scratchcard spend is tax. Then there is profit for seller, for Camelot, "good causes", other costs and expenses. Not much is left to pay the winners, I can't remember the exact amount but it is a long way under 50% return for moneyhttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555044703#55504470312% of lottery and scratchcard spend is tax. Then there is profit for seller, for Camelot, "good causes", other costs and expenses. Not much is left to pay the winners, I can't remember the exact amount but it is a long way under 50% return for moneyMon, 16 Jul 2018 16:58:07 -0500I was on the Victoria Derbyshire show a few years ago, discussing the evils of the machines (the only bookie to do so, I believe - not that it ever got me anywhere) and there was an MP arguing against me. Funnily enough, he mentioned scratchcards, Ihttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555044681#555044681I was on the Victoria Derbyshire show a few years ago, discussing the evils of the machines (the only bookie to do so, I believe - not that it ever got me anywhere) and there was an MP arguing against me. Funnily enough, he mentioned scratchcards, IMon, 16 Jul 2018 16:53:48 -0500themightymac - like all sports its about how you rate players , finding out whose injured ( the real key ) and hope you don't get beat by a high kick to the corner in the last min ! Nowadays nearly 60 % of tries seem to come off kicks on the 6th tackhttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555044665#555044665themightymac - like all sports its about how you rate players , finding out whose injured ( the real key ) and hope you don't get beat by a high kick to the corner in the last min ! Nowadays nearly 60 % of tries seem to come off kicks on the 6th tackMon, 16 Jul 2018 16:51:12 -0500Another serious gambling addiction is on Scratch Cards. One sees wimin spend £20 on scratchcards and a fiver on the messages. They are always buying them. Sad thing is, they don`t realise that if the winning ticket isn`t in the shop, it`s impossiblehttps://community.betfair.com/chit_chat/go/thread/view/94038/31429477/how-much-do-you-think-you-have-gambled-during-your-life?post_id=555044643#555044643Another serious gambling addiction is on Scratch Cards. One sees wimin spend £20 on scratchcards and a fiver on the messages. They are always buying them. Sad thing is, they don`t realise that if the winning ticket isn`t in the shop, it`s impossibleMon, 16 Jul 2018 16:48:29 -0500