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Jinkie
08 Mar 12 00:18
Joined:
Date Joined: 16 Mar 10
| Topic/replies: 900 | Blogger: Jinkie's blog
I've just done this. Here's my 30 day profit and loss.

Horse Racing: £50.85 | Soccer: £890.63 | Tennis: £42.76 | Tote: |  Total P&L:  £984.24


I have no idea why it says 946.24 when it should be about 1,100 but it's near enough. I have NO idea what I was doing fannying about with horses and tennis players, but beginner's luck kicked in and I made small profits. I lost 50 quid trying to be a trader and put money on @1.1 in some daft Korean basketball game, but that doesn't show up for some reason.

Anyway, here's the hot tips.

1) If you are new here and have some 10 quid promotion, then put it on a 1.01 shot and cash out and never come back. You will be in profit and this puts you in the 2% of people who have made a profit doing this. You can tell girls that you've made money as a gambler and they will probably kiss you.

2) Last year I turned 10 quid into a loss of 1,000 and this was a VERY educational experience. It took AGES to finally hit the -1,000 but when I did I had learned a lot about myself, the timing of bets in overs markets and how easy it was to think that L Orient was Lorient and not Leyton Orient. Sometimes you need to lose in order to understand how to win.

3) Five minutes fannying about on Soccerway is all well and good but stats aren't everything. If you don't know that the J2 match between Hitachi Magic Wanderers and Bukkake FC will start with a minutes silence because the Bukkake first team's bus was hit by a tidal wave last month then saying that "The last 30 games have always finished 1-0 to Hitachi" means nothing. You need an edge. You need knowledge. Hitachi aren't going to win this game.

4) Likewise, and this is perhaps the most important tip of all, if you've gone o3.5 on FC Splot vs FC Splat in the Latvian third division and the score is 2-1 after 4 minutes THEN CASH OUT NOW BECAUSE THE 4TH GOAL ISN'T COMING AND YOU'LL SPEND 86 MINUTES WATCHING YOUR WINNINGS DRAIN AWAY.

5) Betfair almost certainly employ people with PhDs in Maths from MIT and Cambridge to set the markets. Think you are smart enough to beat them?

6) And finally, don't listen to strangers on the internet overing 'tips'. Work it out for yourself.
Pause Switch to Standard View 10 quid to over 1,000 in four weeks....
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Report bob_terwilliger March 8, 2012 1:30 AM GMT
Crazy
Report desperatemunter March 8, 2012 1:50 AM GMT
excellent excellent post
Bukkake FC : I almost choked at that.
(oh bobCry)
Report dimebar8 March 8, 2012 2:06 AM GMT
just curious where did you get the 2% stat from?
Report dimebar8 March 8, 2012 2:13 AM GMT
"5) Betfair almost certainly employ people with PhDs in Maths from MIT and Cambridge to set the markets. Think you are smart enough to beat them?"

an eye opener, didn't realise it was about beating the market setters, silly me... i always thought it was about beating the backers and layers (depending which way you go) by clicking on the correct square box thing at the right time but............ i have this little feeling this statement relates to that funny thing called "value" that everyone rants about Devil
Report desperatemunter March 8, 2012 2:20 AM GMT
oh god not value again!   I know its important but it's sooo far from being the whole story.
don't care if it marks me as a mug but the first question I ask myself is 'will this thing I want to bet on actually happen?'
Only if the answer is 'yes' do I even look at the price.
Report themover March 8, 2012 2:33 AM GMT
FC Splot vs FC Splat in the Latvian third division

Laugh
Report Jinkie March 8, 2012 8:37 AM GMT
"just curious where did you get the 2% stat from? "

It's a term I saw used several times when I first joined this site.

I have no idea if it is true or not, and have never seen any proof of this stat.



(Anyone unfamiliar with Japanese porn might want to google Hitachi Magic Wand. BUT NOT IF AT WORK)
Report desperatemunter March 8, 2012 12:09 PM GMT
(I did - it's a sex toy!)
Report sportshall March 8, 2012 12:13 PM GMT
amazing thread totally true...
Report desperatemunter March 8, 2012 12:20 PM GMT
your so funny it almost distracts from the good points you make. 
yes - excellent points made here .
I go on many betting discussion sites and am forever seeing people use form in the wrong way to justify their bets : they go " team X has won it's last 6 away games therefore the away win is the bet today" or somesuch.
They've got it backwards : if X has won it's last 6 aways that to me is the best reason NOT to bet the away win (unless secondary considerations all stack in it's favour).

People see a sequence and go 'that's what'll happen again'.  NOOO!
I swear the longer a sequence is the MORE likely it is to be about to end - not carry on.
Report CJ70 March 8, 2012 12:22 PM GMT
Had to Google Hitachi Magic Wand after that explanation. Laugh
Report pipunch March 8, 2012 12:23 PM GMT
Bukkake Fc. I just spat coffee all over my Macbook Pro.

It's true that without an edge you will never win. Even if you mirrored a losing backer by laying all his selections, the difference in odds will mean that neither of you would be in profit because his wins would negate your wins i think i'm right in saying? (Not sat and worked it out, but i think it's about right)
Report desperatemunter March 8, 2012 12:24 PM GMT
bookmakers know this and if we want to be smart we should know it too.  Just remembering Huddersfields massive recent unbeaten run, 40-odd games : the odds on Hudd winning games were getting BIGGER the longer the run went on.  They Know.
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