General Betting
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when and why should you green up?
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When you can green up by placing a value bet.
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why should we green up ?
this game is about makiing money not doing the money |
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I think I answered both the when and why.
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Fair Enough Edds
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greening up is for girls and gays
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Greening up IS making money..
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In efficient markets there is no between greening up and letting the bet run because the odds that you sell part of your profit for reflect the chance of that outcome.
However by greening up you increase your money supply sooner. The compounding effect of this means that you are always better to green up. |
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In efficient markets there is no difference between greening up and letting the bet run because the odds that you sell part of your profit for reflect the chance of that outcome.
However by greening up you increase your money supply sooner. The compounding effect of this means that you are always better to green up |
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beetle, there is a big difference even in efficient markets and that's commission
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well, we all pay commission but it doesn't affect the fact that money now is better than money later
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why is money now necessarily better than money later? what if you can get a better value bet by waiting?
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The Holy Grail , green up , life of riley.
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When you work it out over many results there isn't any advantage to greening up, apart from as Eddie said when there is value. Personally I never green up, but I do red up a fair bit.
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I decide before i place my bet whether to green up or let it ride
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I like to green up near end of race even though it probably costs me in the long run.If one of my selections gets touched off near the line i feel the need to chase which can be bank breaking as we know!
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there's a psychological advantage to greening up and having a high strike rate
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It's actually often rational to take bets that are slightly worse than fair value in order to green up (to reduce commission).
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Contrarian 29 Jan 10:10
It's actually often rational to take bets that are slightly worse than fair value in order to green up (to reduce commission). A good post by contrarian, highlighting the commission element, although the same applies with ''redding up''. I get the feeling there is a lot less 'redding' than 'greening' which suggests (to me) that the former is the better overall. I suppose it feels good to green up, sit back, and light the proverbial cigar, thinking 'Aren't I a clever boy' but in the long run I prefer to stay with a positive bet. |
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I find this the hardest decision of all to make
Not sure I have an answer either |
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Eddie, second post. Spot on.
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Very seldom IMO can you green up with a value bet.
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You can green up quite often because of the lessened commission. You can green up with fractional value against you.
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I would only suggest that greening up works if you have a particular skill set
i don't think i have this skill set I am good at redding though :) more important imo |
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redding is certainly less talked about and probably equally important (will either be more or less important on a case by case basis imo)
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i suppose it depends on your strategy Lori
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If you had feelings of anguish and frustration that were ruining your day and maybe pushing you to go on tilt, how much would you pay for a pill to make them go away?
Well, if your cumulative loss from getting poor value greening up divided by the losing days you avoid is less than the price you'd pay for the pill then you should probably green up. I have pills available in several markets at the moment. No prescription required. |
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Do these pills have side effects?
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Pretty sure it does d13, some people will be able to overstake because they can earn more by overstaking and offset redding at maybe slight -EV when appropriate. Others will be able to earn more money greening up to offset commission. I'm sure that many can do both of these and many other strategies besides.
I'm sure people don't pay enough attention to the huge significance of being able to bet at any point in an event to maximize the impact of their knowledge of the event. |
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What about for PC payers? Is it maybe correct they should be letting their positions ride to have more up and downs, rather than greening up and being too efficient?
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I don't think so because betfair only give you half credit for your ups and downs. Might work out differently for those on under 3% rate, something that I've never had to work out.
If I win £100 and lose £80 at 5% commission, I pay £5 (2.50 credit) and "generate" £2.40 which means I still pay £5.10 commission when its PC day for a profit of £14.90 If I just win £20, pay my £1 commission (counts as 50p), they'll charge me £3.50 come the following Wednesday, for a total of £4.50 paid, total profit £15.50 It's still best to be efficient regarding commission, they just nick a lot of it back off you. |
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Error:
If I win £100 and lose £80 at 5% commission, I pay £5 (2.50 credit) and "generate" £2.40 which means I still pay £5.00 commission, total profit £15.00 (no pc) |