New Posts For Thread: how did you raise your bank?https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bankthis may have been covered before but does everyone on here have lots of money in the bank?if you don't mind sharing:how did you raise your bank?does anyone on here have a mortgage?Are you wasting time value Trevh by even debating this point with Robot ?I think you're both right btw.Time definiely has a value and you've found it in a exploitable manner, which also fits Robot's point.https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485232593#485232593Are you wasting time value Trevh by even debating this point with Robot ?I think you're both right btw.Time definiely has a value and you've found it in a exploitable manner, which also fits Robot's point.Tue, 08 Feb 2011 16:18:53 -0600Jeez...what's all with this nonsense stuff.https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485224177#485224177Jeez...what's all with this nonsense stuff.Tue, 08 Feb 2011 15:25:16 -0600...if however the price doesn't decay when it should then it starts to show positive value - which we call "value" for short.This is where you're going wrong Robot.Did you not read my posts above concerning match activity? You're making the theorist'https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485222305#485222305...if however the price doesn't decay when it should then it starts to show positive value - which we call "value" for short.This is where you're going wrong Robot.Did you not read my posts above concerning match activity? You're making the theorist'Tue, 08 Feb 2011 15:13:53 -0600Sorry - I mean:holding the price at true value and denying the natural decayThis is where you're going wrong, if the price decays as you would expect then it continues to show true value, if however the price doesn't decay when it should then it starhttps://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485152821#485152821Sorry - I mean:holding the price at true value and denying the natural decayThis is where you're going wrong, if the price decays as you would expect then it continues to show true value, if however the price doesn't decay when it should then it starTue, 08 Feb 2011 03:02:37 -0600I believe there's sometimes a difference between the world of theory and the real world we live inIn this much you are right, and I could hardly be accused of living "in the world of theory" given that I strike thousands of bets every day. The theoryhttps://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485152765#485152765I believe there's sometimes a difference between the world of theory and the real world we live inIn this much you are right, and I could hardly be accused of living "in the world of theory" given that I strike thousands of bets every day. The theoryTue, 08 Feb 2011 03:00:43 -0600In your example of 17.47 above, you have already decided that value exists and have merely carried on to demonstrate that value. That's not right Trevh. What I did was demonstrate that if one set of bets was NOT value the other MUST be. I stopped athttps://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485152545#485152545In your example of 17.47 above, you have already decided that value exists and have merely carried on to demonstrate that value. That's not right Trevh. What I did was demonstrate that if one set of bets was NOT value the other MUST be. I stopped atTue, 08 Feb 2011 02:53:08 -0600Bayes,That isn't inconsistent with what Aye robot was saying. His point is that on average, you have to be striking value bets.https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485151905#485151905Bayes,That isn't inconsistent with what Aye robot was saying. His point is that on average, you have to be striking value bets.Tue, 08 Feb 2011 02:30:56 -0600If the true price is 1.069 but the market is going 1.07 1.08 and I know I can get both sides then I will do so. You may argue that I should ditch the 1.07 lay but in this case I make more money (with less variance) by executing the bad value side toohttps://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485150845#485150845If the true price is 1.069 but the market is going 1.07 1.08 and I know I can get both sides then I will do so. You may argue that I should ditch the 1.07 lay but in this case I make more money (with less variance) by executing the bad value side tooTue, 08 Feb 2011 01:42:40 -0600TrevhCan you get set on these opportunitues at the usual buy/sell spreads that exist in these secondary mkts.?https://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485148245#485148245TrevhCan you get set on these opportunitues at the usual buy/sell spreads that exist in these secondary mkts.?Tue, 08 Feb 2011 00:17:28 -0600Back.In your example of 17.47 above, you have already decided that value exists and have merely carried on to demonstrate that value. I believe there's sometimes a difference between the world of theory and the real world we live in, hence my post abhttps://community.betfair.com/general_betting/go/thread/view/94082/26714973/how-did-you-raise-your-bank?post_id=485132349#485132349Back.In your example of 17.47 above, you have already decided that value exists and have merely carried on to demonstrate that value. I believe there's sometimes a difference between the world of theory and the real world we live in, hence my post abMon, 07 Feb 2011 19:55:17 -0600