General Betting
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The Martingale system
The Martingale system
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Replies: 646
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layed gworm 300 testing it shep
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it lost im up
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the percentages would be corected thats why i went in
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I won last evening but worrying the bet size soon gets well out of hand.
Started on minimal bets then in no time laying £300 Perhaps im doing something wrong I can list my bets |
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Well yes. I expect you are.
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shall i list em and tell me your views
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shall i list em and tell me your views
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17:35 Newc 14/1 'laid
17:45 Aint 14/1 'laid 17:50 Wolv 8/1 'laid 17:55 Chep 12/1 'laid 18:05 Newc 5/4F 2.06 'levels 18:20 Wolv 11/10F 1.94'levels 18:50 Wolv 5/4F 2.06'levels 19:20 Wolv 10/11F 1.77'levels 19:50 Wolv 4/7F 1.48 'stake and you win 20:20 Wolv 6/1 'laid 20:50 Wolv 4/11F 1.31'levels |
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sorry, that meant 20.20 Wolv - you staked and you won. ok ?
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sorry lex i thought u only bet or layed favs! the above confuses me,i need help sorry
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iprefertolay - you'll need help soon! From a loan company!
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04-04-2014
17:35 Newc 14/1 'laid the fav using level stake 2.5% of your bank and you won 17:45 Aint 14/1 'laid the fav using level stake 2.5% of your bigger bank and you won 17:50 Wolv 8/1 'laid the fav using level stake 2.5% of your bigger bankand you won 17:55 Chep 12/1 'laid the fav using level stake 2.5% of your bigger bankand you won 18:05 Newc 5/4F 2.06 'laid the fav using level stake 2.5% of your last bank figure and you lost 18:20 Wolv 11/10F 1.94 'laid the fav using level stake 2.5% of your last bank figure and you lost 18:50 Wolv 5/4F 2.06 'laid the fav using level stake 2.5% of your last bank figure and you lost 19:20 Wolv 10/11F 1.77 'laid the fav using level stake 2.5% of your last bank figure and you lost At this point Iprefertolay thought hmmmm now what did that lunatic Lex say? oh yes, I could get my stakes back now because there has never been 10 consecutive across the card UK and Ireland favourites. He better be feckin' right. I'm rubbish at working these things out, but I'll give it a go... 19:50 Wolv 4/7F 1.48 'laid the fav using increased stakes to get back my loss of 2.83 plus my target but as this fav is only at odds 1.48 I only need a lay stake of about 1.9. Lex was right, the bookies do shorten up their prices when they're losing! Lex!!! you feckerr!! it feckin won!!! now what I am I going to do???? Thinks.... Stay Calm, Stay Calm - lex said it would be ok..... 20:20 Wolv 6/1 'this fav was 11/8 (quite a bit shorter than the forecast) But I Laid it for 2.62 could've cost me nearly 10 points though! phew, that was close...! 20:50 Wolv 4/11F 1.31 'oh bugger here we go again..... hate that Lex bloke.... Iprefertolay. as EddietheEagle said, perhaps the most inappropriate forum name. Seriously mate, you don't get it. No shame in that. But you're going to do yourself damage. |
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Another typo. the winning laid odds were 2.18 ... but you get the gist.
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Just to add an earlier point I made. You could leave it until 5 favs have lost.
By laying at below industry SP you have a long term edge anyway. eg no need to chase if you don't want to. Also, you don't need to get your losses back all at once; you could simply spread it over a few races. Just getting some of your losses back gives you an extra advantage. Any hoo; why not paper trade it using past results... Not one to shy away from controversy but.... this works with the correct stats for backing too. so, you could lay and back at the same time! win every race ! or do alternate races, or dutch bet runners across the card rather than runners in the same race, or .... Bye! |
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btw the 7th fav 14:40 Windsor King Of Macedon lost good and proper and Lex wins again!
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15:10 Windsor fav will lose. probably.
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Lex wins again!
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I reckon the next one at Redcar 15:20 will struggle as well
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yup. Lex wins.
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16:00 Kelso Barachois Silver will be 5 favs on the bounce at a Jumps meeting. Not impossible, but apparently very unlikely.
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Stats win again. and more beer for me.
ok, thats enough for today. |
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Lex, I was using a high risk Martingale approach,hence £300 lay when the loosing run hit.
A far better idea is get your losses back gradually as you point out. I think I should stick to arbing. |
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Money management is obviously key,Im using far higher stakes than my bank can withstand.
Most of my bank is layed out on futures bets,yet to be settled,liabilities of £13k(but coverered) The rest of my cash is locked away,cant touch thank god. |
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Mate!?
 how can you say that what I'm doing is wrong (and lets be honest you have repeatedly said so) when you say that Im using far higher stakes than my bank can withstand. Flippin' heck give me strength  I've been showing you since page 3 of this thread, back in March! Lex, I was using a high risk Martingale approach,hence £300 lay when the loosing run hit. Please stop betting now. You're a danger to yourself.  |
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What I tried to say was I was wrong as I was using far higher stakes than my account can withstand.
I tried your theory in a cack handed manner. Yes,I have been critical of your system, I thought Id try it. |
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Feck me. I've just seen that you've been on here longer than me - 2002 ! Now that is seriously depressing.
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Yes,I have been critical of your system, I thought Id try it.
That sort of sums it up really. Like most on here - quick to criticise, don't read what written etc etc. And then you say "I thought Id try it". Well obviously "trying it" without paying any attention to the rules is just plain nuts. God; I shudder to think what you could have lost |
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Lex,must have been hairy yesterday 50 per cent favs going in!
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Lex,ive been winning since 2002 through arbing.
Ive had numerous online accounts closed through winning,or they cotton on I arb. Its only when I turn to other things,everything goes awry! |
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I tried the arb game, but didn't last long. Betting hundreds of pounds just to win a few quid didn't seem worth it.
I still do it occasionly (more back & lay) but don't look for it like I use to. |
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shep its brill at start up as you get free bonus offers,after youve exhausted them all,its down to pure arbing for minimal gaurenteed returns.
Accounts will get closed over time,depending how the bets land. |
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Yes I think we've all taken advantage over bonus offers haven't we!
But, like you say it's the thought of getting accounts closed that stops me from wanting to make a habit of it. Bookies should take a leaf out of Pinnacle's book cos they encourage you to arb. |
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Ive had accounts closed with,Bet365,Paddy Power,Bolesports,Ladbrokes,888,Victor Chandler,Sporting Odds,and one or two others.
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Just Stan James for me. Limited with YouWin & Marathon Bet.
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Sorry stan closed me two,never used Marathonbet what offer do they give for new customers?
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I'm not sure. I think they're worth joining cos sometimes their odds are pretty good.
It's not the most modern looking site in the world though. Looks like it was designed on a Commodore or something?!? |
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lay the fav 16:10 Notts probably Flying Officer.
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hmmm flip floppers. so tread carefully.
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dont know what went off fav so go to limerick and Miss Xian
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Lex wins again. Thanks guys; I hope that I've proved my point
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