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How much has everyone won/lost gone again

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Replies: 8,966
By:
bob.vegas
When: 11 May 12 23:09
right ok i will Rob. awesome stuff. will do it without looking at the real ones
By:
Biscuit1979
When: 11 May 12 23:11
Bob - can you honestly say in all your time on the forum you've never once seen a thread or got an idea and thought "i might try that"


Today - Backing Federer, Williams, Azarenka, Limerick, Cordoba, unders at Stevenage, laying Sheff Utd and last night backing UDC and goals and over 3.5 in Sao Paulo (backed at ht when it was 2-1).
By:
Biscuit1979
When: 11 May 12 23:13
and lost on Pohang and Djokovic



Why are there 2 win/loss threads running side by side?
By:
aaronh
When: 11 May 12 23:15
one was supposed to be a "bob free" thread
By:
bob.vegas
When: 11 May 12 23:29
Pistachio's rather childish idea. hey ho

yeah i backed azarenka and williams too but lost heavy on Bilbao, raonic, woz and makarova last 2 days Cry
By:
Trevh
When: 12 May 12 02:39
Simonm11 : My question would be how can i stop myself from getting greedy and doing silly bets...

Do the silly bets enough times and you eventually will learn from your mistakes, the same as anything in life really, then it's down to you to apply what you've learnt.

For example, my hobby is driving and I see lots of terrible overtaking manoeuvres on the roads by young inexperienced drivers who give it a boot full and think it's safe simply because there's nothing coming the other way, but are completely oblivious to the junctions, drive ways, lay bys, field entrances etc that something could pull out from and into their path.

When they've had a few near misses they should learn from them, if they don't learn they'll crash and burn, as is often the case.
By:
Trevh
When: 12 May 12 02:50
Paul, stating the obvious, but don't forget even if you manage to get matched on the F1 at 8.0 for a 6.0 shot, that's a fantastic 33% value before comm, but you still only have an approximate 17% chance of winning that individual bet, hence staking is just as important as finding the value.
By:
deusse
When: 12 May 12 04:11

Fútbol: -USD467.57  G-P total:  -USD467.57


Fútbol    Mostrar 1 - 6 de 6 mercados
Mercado    Hora de inicio    Última fecha establecida    Ganancia/pérdida ($)
Fútbol / Once Caldas v La Equidad : Marcador final     11-may-12 20:00     11-may-12 22:05    -282,19
Fútbol / Universitario v Union Comercio : Marcador final     11-may-12 19:30     11-may-12 21:22    0,00
Fútbol / Universitario v Union Comercio : Más/Menos de 3.5 goles     11-may-12 19:30     11-may-12 21:22    -250,00
Fútbol / Estudiantes - Godoy Cruz : Más/Menos de 1.5 goles     11-may-12 19:15     11-may-12 21:12    14,56
Fútbol / Huachipato v Union La Calera : Marcador final     11-may-12 19:00     11-may-12 20:49    46,12
Fútbol / Huachipato v Union La Calera : Más/Menos de 3.5 goles     11-may-12 19:00     11-may-12 20:49    3,94
By:
bob.vegas
When: 12 May 12 13:01
thanks Trev. you a tennis fan then Biscuit? didn't know that
By:
wooky
When: 12 May 12 15:29
A month ago I lost my bank (for the millionth time)  and chucked in another 100 and said this is it....lose this and I quit. Today I passed the 5 grand mark Shocked never had this much. Maybe I'm finally getting smarter with what I bet on. Have all but quit soccer betting and focused on what I know best AFL and Tennis, with the odd basketball and netball bets. Have lost so much on dodgy soccer bets...it's the hardest game to get a read on in my opinion. Usually I would go a soccer bet just coz it was there and there was no other bets available. I'm more picky now so if all there is is a bunch of indian soccer matches...I'll pass. We'll see how far I can keep going without losing it all. Have been up to 3 or 4 grand before and have lost it in a weekend. Next milestone I wanna reach is 10 grand. If I get to that then I've turned the corner.
By:
Cooee
When: 12 May 12 15:45
Very smart Wooky. Restricting yourself to the few types of bets you know you're particularly good at is often the only way to really guarantee strong profits.

For the last year I've been profitable most months, but that profit's generally remained pretty modest. In March I looked through all my bets from the last year and realised that most of my profits were coming from just two angles. All of the other bets were far more hit and miss and were losing me cash overall.   I've restricted myself to those two angles, and even though I'm actually spending much less time betting, the profit level has gone up enormously over the last six weeks. 

It seems counter-intuitive that you make more money by working less hard. But then, a lot about betting most definitely tends towards the counter-intuitive!!
By:
dlarssonf
When: 12 May 12 16:01
yep "Less Is More" Happy
By:
TheInvestor2
When: 12 May 12 20:15
catflaqpo
11 May 12 16:41 Joined: 11 Nov 11 | Topic/replies: 480 | Blogger: catflaqpo's blog
I don't spot value I get value from the places I know it exists, like in the 1.01 laying thread.  As contrarian says, all long term winners must be taking value bets although some of them deny it vehemently
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Take the set of 'most successful gamblers in the world', that have made more than £20M say; the vast majority of them will be lottery bettors who have bet with massive negative expectancy.

So the moral is: don't underestimate the massive role that luck plays.
By:
Cooee
When: 13 May 12 02:01
Luck ain't much of a factor in the long term, though, Cat!      As you already know..
By:
Trevh
When: 13 May 12 02:09
Luck is the only requirement/role as far as lottery winners are concerned, and the amount of big winners is simply because the pool of recreational gamblers is so enormous in that activity. The pool of players as a whole lose tens of millions every week of course. But it's gambling in it's most mug form IMO, along with fruit machines/fobt's etc.

Luck plays a tiny role in long term professional gambling, I hesitate to say it plays no role at all because the odd long term winner will have been simply lucky.
By:
Ice King
When: 13 May 12 02:21
luck has f all to do with my profit day to day, its knowledge and discipline
By:
catfleppo
When: 13 May 12 08:15
Lottery winners are merely experiencing short term success with a very poor long term strategy
By:
Ice King
When: 13 May 12 09:54
Football: £202.88 | Ice Hockey: -£114.06  Total P&L:  £88.82

Football    Showing 1 - 20 of 131 markets

Yesterday
By:
Mr.Angry
When: 13 May 12 10:17
Lottery winners are merely experiencing short term success with a very poor long term strategy

To be fair, winning £22million would grant a long period of failure @ £1 per week.
By:
catfleppo
When: 13 May 12 10:40
Indeed, you'd have to wait with considerable patience to see if you could make a long term success out of it. Excited
By:
deusse
When: 13 May 12 12:45
Yesterday


Fútbol: USD29.51  G-P total:  USD29.51


Fútbol    Mostrar 1 - 18 de 18 mercados
Mercado    Hora de inicio    Última fecha establecida    Ganancia/pérdida ($)
Fútbol / Chicago Fire - Kansas City : Marcador final     12-may-12 19:30     12-may-12 21:30    28,09
Fútbol / Union San Felipe v Palestino : Más/Menos de 1.5 goles     12-may-12 19:30     12-may-12 21:22    0,00
Fútbol / New England - Vancouver Whitecaps : Cuotas de partido     12-may-12 18:30     12-may-12 20:32    0,00
Fútbol / San Lorenzo - Olimpo : Marcador final     12-may-12 18:20     12-may-12 20:13    -228,70
Fútbol / San Lorenzo - Olimpo : Más/Menos de 1.5 goles     12-may-12 18:20     12-may-12 20:10    -21,00
Fútbol / New England - Vancouver Whitecaps : Marcador final     12-may-12 18:30     12-may-12 20:10    0,00
Fútbol / Deportivo Cali v Santa Fe : Cuotas de partido     12-may-12 18:10     12-may-12 20:08    0,00
Fútbol / Tacuary Asuncion v Guarani (Par) : Más/Menos de 2.5 goles     12-may-12 18:10     12-may-12 20:00    47,75
Fútbol / Juan Aurich v Sport Huancayo : Próximo gol     12-may-12 17:45     12-may-12 19:39    2,65
Fútbol / Juan Aurich v Sport Huancayo : Marcador final     12-may-12 17:45     12-may-12 19:38    2,14
Fútbol / Juan Aurich v Sport Huancayo : Más/Menos de 3.5 goles     12-may-12 17:45     12-may-12 19:38    0,31
Fútbol / Colo Colo v Antofagasta : Más/Menos de 1.5 goles     12-may-12 17:15     12-may-12 19:07    32,28
Fútbol / Colo Colo v Antofagasta : Marcador final     12-may-12 17:15     12-may-12 19:06    21,43
Fútbol / Colo Colo v Antofagasta : Próximo gol     12-may-12 17:15     12-may-12 19:06    2,38
Fútbol / Atl Tucuman v River Plate : Próximo gol     12-may-12 16:30     12-may-12 18:28    107,73
Fútbol / Atl Tucuman v River Plate : Marcador final     12-may-12 16:30     12-may-12 18:18    0,00
Fútbol / Libertad v Sol de America : Marcador final     12-may-12 16:00     12-may-12 17:48    0,70
Fútbol / Libertad v Sol de America : Más/Menos de 1.5 goles     12-may-12 16:00     12-may-12 17:48    33,75
By:
TheInvestor2
When: 13 May 12 12:48
Yes, cat the old 'in the long run we're all dead' springs to mind, so it's really not necessarily short term success.


Trevh
When: 13 May 12 02:09

[...]
Luck plays a tiny role in long term professional gambling, I hesitate to say it plays no role at all because the odd long term winner will have been simply lucky.


It really depends on what you are doing. If you are one of these guys that trades with a £2k bank and makes between £2k and £3k a month every month but are unable to scale, then yes, luck plays a vanishingly small role.

However, if you are compounding over time it can make a colossal difference. Take two gamblers with the same profit expectancy, and provided there is enough volatility in their returns, one could end up making £10k in a year, and the other £100k. If these differences are compounded over time, it can easily mean that more than half of lifetime profit is the product of luck, or that you have made far less than your edge would suggest due to bad luck.

I could lose 50% of my net worth in one day, it's extremely unlikely, but if it happens tomorrow, I will have been unlucky. Whether something like that does or doesn't happen (or happens once, twice, or more times), will make a huge difference to my net worth in a few years time not only because of the loss itself, but also because the lower risk I would take after a loss, lower staking meaning lower future profit etc.
By:
TheInvestor2
When: 13 May 12 13:06
I'd estimate the chance of losing in excess of 40% of my bank at about 1-4% for a given 12 month period. Even if that happened, I'd still be very likely to have a + year.

Chance of a losing month : 1 in 5
Chance of a losing quarter: 1 in 250
Chance of a losing year: 1 in 1000

See if you can make sense of 5,250,1000 Crazy
By:
dlarssonf
When: 13 May 12 13:11
if you are losing 50% of your net worth in one day that's not unlucky, that's awful money management
By:
TheInvestor2
When: 13 May 12 13:11
Actually chance of a losing quarter is probably a lot higher, maybe I should try to quantify these risks properly for risk control purposes. Although I've never had a losing quarter since 2007, I did get eerily close:

Quarter    Profit    Active Days    Avg per day
Q3-2010    £18.30    83            £0.22

:D :D
By:
TheInvestor2
When: 13 May 12 13:27
dlarssonf
Date Joined: 05 Mar 08
Add contact | Send message
When: 13 May 12 13:11
Joined:
Date Joined: 05 Mar 08
| Topic/replies: 6,062 | Blogger: dlarssonf's blog
if you are losing 50% of your net worth in one day that's not unlucky, that's awful money management


Well that may be true taking into account the psychological effects of such a loss, but from a purely mathematical point of view, losing 50% of bank in a day is 'fine'. I should add I've never lost even close to that much (about 20% max I think), but I am willing to run a minuscule risk of a loss close to that size (admittedly I would feel that 50%+ would be a failure because 50% is my cutoff point for what is acceptable, not just for a day but for total peak to trough drawdown), taking into account that volatility is encouraged by the PC.
By:
Trevh
When: 13 May 12 14:46
I know what you're saying investor, but I don't think of it as lucky or unlucky, it's just expected variance to me. My largest drawdown was around 50% of the bank last year over a 2 week period, but I still made over 10 times the amount of the drawdown in net profit, so I don't see any good or bad luck involved long term.

I play in so many markets that luck cannot have an effect, but if you play in few markets then yes I can see that a few unlucky results will hurt, but then personally I would say that you were over staking to lose 30/40% of the bank in just a couple of matches.
By:
TheInvestor2
When: 13 May 12 16:07
Yeah Trevh, what I'm saying is that if your betting is the equivalent of of backing heads at evens with a 10% edge over 25,000 bets, luck will not be much of a factor.

If you are playing the same game with a 1% edge, luck (or variance) is more important especially when compounding profits with something like Kelly staking.

My own idea is that as profit and bankroll grows, you need to take more and more marginal profits. So if someone says to me would you rather place £100 on an evens shot at 2.5 or £2,000 on an evens shot at 2.2, I would choose the latter.

Combine smaller edges with compounding and it means that after a number of years the range of possible outcomes means that terminal wealth could be 1/2x, x, 2x, 5x etc. The massive potential differences in terminal wealth are what I mean when I say luck plays a role.
By:
deusse
When: 13 May 12 18:57
Fútbol: -USD9.29  G-P total:  -USD9.29

Fútbol    Mostrar 1 - 20 de 33 mercados
Mercado    Hora de inicio    Última fecha establecida    Ganancia/pérdida ($)
Fútbol / Trofense - Aves : Más/Menos de 1.5 goles     13-may-12 11:00     13-may-12 12:57    10,40
Fútbol / Sandnes Ulf v Rosenborg : Más/Menos de 2.5 goles     13-may-12 11:00     13-may-12 12:50    35,81
Fútbol / AGF - Brondby : Más/menos de 6.5 goles     13-may-12 11:00     13-may-12 12:50    6,90
Fútbol / Real Garcilaso v Universidad San Martin : Más/Menos de 3.5 goles     13-may-12 11:00     13-may-12 12:49    0,35
Fútbol / Fredrikstad v Haugesund : Más/Menos de 0.5 goles     13-may-12 11:00     13-may-12 12:49    3,95
Fútbol / Elfsborg v AIK : Más/Menos de 1.5 goles     13-may-12 10:30     13-may-12 12:21    0,50
Fútbol / Elfsborg v AIK : Marcador final     13-may-12 10:30     13-may-12 12:21    10,38
Fútbol / Barclays Premier League : 4 primeros 2011/12     13-ago-11 09:00     13-may-12 11:32    10,92
Fútbol / Barclays Premier League : 3 primeros 2011/12     13-ago-11 09:00     13-may-12 11:31    60,34
Fútbol / Twente - Waalwijk : Más/Menos de 1.5 goles     13-may-12 09:30     13-may-12 11:27    47,75
Fútbol / Anzhi Makhachkala - Zenit St Petersburg : Marcador final     13-may-12 09:30     13-may-12 11:25    3,54
Fútbol / Anzhi Makhachkala - Zenit St Petersburg : Más/Menos de 2.5 goles     13-may-12 09:30     13-may-12 11:25    45,28
Fútbol / Rubin Kazan - CSKA Moscú : Más/Menos de 4.5 goles     13-may-12 09:30     13-may-12 11:21    66,71
Fútbol / Sunderland - Manchester Utd : Más/Menos de 1.5 goles     13-may-12 09:00     13-may-12 11:02    35,81
Fútbol / Manchester City - QPR : Más/Menos de 5.5 goles     13-may-12 09:00     13-may-12 10:58    28,65
Fútbol / Chelsea - Blackburn : Más/Menos de 3.5 goles     13-may-12 09:00     13-may-12 10:56    47,75
Fútbol / West Brom - Arsenal : Cuotas de partido     13-may-12 09:00     13-may-12 10:55    -51,28
Fútbol / Manchester City - QPR : Más/Menos de 4.5 goles     13-may-12 09:00     13-may-12 10:54    -250,00
Fútbol / SonderjyskE - FC Copenhague : Más/Menos de 4.5 goles     13-may-12 09:00     13-may-12 10:53    47,75
Fútbol / Tottenham - Fulham : Más/Menos de 2.5 goles     13-may-12 09:00     13-may-12 10:51    10,18
Páginas: 1  2   de2 Páginas
By:
bob.vegas
When: 13 May 12 19:12
trades with a £2k bank and makes between £2k and £3k a month every month

how difficult is that?

also Investor how can you work out the chance of a losing month/quarter?
By:
bob.vegas
When: 13 May 12 19:12
*just working out how many losing months you've had out of how many months you'e gambled/recorded?
By:
MONEY TREE
When: 13 May 12 19:21
you ignoring my thread bob?

you pester here for value perhaps you could answer my question as you pester others to answer yours?
By:
new born
When: 13 May 12 21:18
Very poor last 7 daysSad
Well done all the winners.

Horse Racing: -£99.78 | Soccer: -£15.50  Total P&L:  -£115.28

Soccer     Showing 1 - 20 of 69 markets
Market     Start time     Settled date     Profit/loss (£)
Soccer / Real Madrid v Mallorca : Sending Off?     13-May-12 19:00     13-May-12 20:52     2.38
Soccer / Real Madrid v Mallorca : Over/Under 6.5 Goals     13-May-12 19:00     13-May-12 20:51     -1.00
Soccer / Real Madrid v Mallorca : Over/Under 7.5 Goals     13-May-12 19:00     13-May-12 20:50     2.85
Soccer / Real Madrid v Mallorca : Over/Under 8.5 Goals     13-May-12 19:00     13-May-12 20:50     0.00
Soccer / Real Madrid v Mallorca : Match Odds     13-May-12 19:00     13-May-12 20:49     3.80
Soccer / Real Madrid v Mallorca : Correct Score     13-May-12 19:00     13-May-12 20:15     -2.00
Soccer / Cesena v Roma : Match Odds     13-May-12 17:00     13-May-12 18:52     0.95
Soccer / Sunderland v Man Utd : Over/Under 6.5 Goals     13-May-12 15:00     13-May-12 17:02     1.90
Soccer / Man City v QPR : Over/Under 6.5 Goals     13-May-12 15:00     13-May-12 17:01     8.44
Soccer / Man City v QPR : Over/Under 7.5 Goals     13-May-12 15:00     13-May-12 17:01     1.90
Soccer / Man City v QPR : Over/Under 8.5 Goals     13-May-12 15:00     13-May-12 17:01     1.90
Soccer / Man City v QPR : Over/Under 5.5 Goals     13-May-12 15:00     13-May-12 16:58     0.00
Soccer / Man City v QPR : Match Odds     13-May-12 15:00     13-May-12 16:56     13.31
Soccer / Kyoto v Tokushima : Match Odds     13-May-12 08:00     13-May-12 09:55     1.90
Soccer / Tottori v Mito : Match Odds     13-May-12 08:00     13-May-12 09:52     0.95
Soccer / Kusatsu v Tochigi SC : Match Odds     13-May-12 05:00     13-May-12 06:57     0.95
Soccer / Betis v Barcelona : Correct Score     12-May-12 21:00     12-May-12 22:52     2.38
Soccer / Betis v Barcelona : Over/Under 8.5 Goals     12-May-12 21:00     12-May-12 22:51     1.90
Soccer / Betis v Barcelona : Over/Under 6.5 Goals     12-May-12 21:00     12-May-12 22:51     3.33
Soccer / Betis v Barcelona : Over/Under 5.5 Goals     12-May-12 21:00     12-May-12 22:51     1.90
Pages: 1  2 3 4   of 4 Pages

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Profit and Loss is shown net of commission.
All times are UKT     

     unless otherwise stated.
By:
Coachbuster
When: 13 May 12 21:28
unlucky new born ,hope the new week is better for you .
By:
new born
When: 13 May 12 21:48
Cheers Coach......How was your week ?
By:
Coachbuster
When: 13 May 12 21:55
decent week for me newborn (in the end) - came good on the Manchester City game at the end ,but it was looking very shabby at 1-2 and 2-2 . Last 7 days Soccer: £2,057.44  Total P&L:  £2,057.44


My position was something like this at 1-2 and with the odds at 1.34ish
1-2   (-1,800)  1.34 ?
2-2   (+ 110)   5.00 ?
3-2   (+1,700)  30.00 ?
By:
Coachbuster
When: 13 May 12 21:57
i  was over confident at half time or before HT that it wouldn't be 1-2 at any point in the match - how wrong can you be ?
By:
new born
When: 13 May 12 21:59
Excellent work Coach.....Will help towards your new carHappy
By:
pistachio
When: 13 May 12 21:59
coachGrinCool
By:
bob.vegas
When: 13 May 12 22:00
wow Coach. couldnt believe it when QPR when ahead
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