Forums

General Betting

Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
rrxx11
14 Jun 10 02:57
Joined:
Date Joined: 22 Jul 06
| Topic/replies: 5,954 | Blogger: rrxx11's blog
A lad i know has just inherited a large sum of money.
he has no job but wants to do somthing to make more money...

He knows roughly how betfair works and said he is waiting for a footie team to go 3-0 up or so then putting £50,000 on to win the game profiting £1500 roughly if the result stays the same.

I think he plans to do this on bet365 or here if he can.

im very worried he will win a few but may come unstuck.
I advise him to just buy a few houses and take the rent income as safe money buy he seems set on doing some bets.
Pause Switch to Standard View Worried for a mate!!
Show More
Loading...
Report h0rnets1989 June 14, 2010 3:06 AM BST
Fu** off

You wouldnt get 2 houses for 50,000 anywhere probably not even one.

If he wants to do it let him do it, his bloody loss aint it.

Fishing thread anyway
Report rrxx11 June 14, 2010 3:10 AM BST
Smart answere well done you!.

It was based on him using £400,000 of his money for the 2 houses, being the safer bet.
Report rrxx11 June 14, 2010 3:10 AM BST
Smart answere well done you!.

It was based on him using £400,000 of his money for the 2 houses, being the safer bet.
Report Lori June 14, 2010 3:10 AM BST
Yeah, he'll go skint.

Not much you can do, the morons who have these schemes always think they know best.
Report h0rnets1989 June 14, 2010 3:18 AM BST
Whats a answere?

I take it you meant answer by any chance, i think this is a fishing thread and if it isnt then its not your problem if he wont listen, He will go bust and end of story and quickly.
Report Lori June 14, 2010 3:34 AM BST
The only thing you can do is warn him, that way when he goes bust your conscience is clear, and you might just find the one guy who ever listens, but don't be hard on yourself when he doesn't
Report Northbouy June 14, 2010 8:38 AM BST
tell him to try with small stakes, and soon enough he will lose and learn his lesson.
Report curlywurly June 14, 2010 8:44 AM BST
£50k with bet365Laugh

I stopped reading after that
Report Cptamerica June 14, 2010 9:23 AM BST
Tell him to miss out the middle man and dish it out amongst us all with a smile and handshake for good measure.

Sounds like he's still greiving. Tell him not to do anything rash and you'll help him.... talk him through it if you like (out of it).
Report scoobyknows June 14, 2010 9:38 AM BST
please point out to him much better value here!
Report sevey June 14, 2010 10:20 AM BST
Swallow The Football Stick To The Golf The Vulchers Will Be Waiting
Report REM June 14, 2010 10:21 AM BST
I think this is the game you're looking for:

English Premier - KO 15:00 
Tottenham    3 (3) - 5 (0) Man Utd 
Richards 15
Ferdinand 25
Ziege 45

Cole 46
Blanc 58
van Nistelrooy 72
Veron 76
Beckham 87
   
  At White Hart Lane on 29-09-2001
Report Huggy June 14, 2010 10:32 AM BST
Football League Championship - KO 15:00 
Southampton    3 (3) - 4 (0) Leeds 
Pahars 27
Quashie 35
Quashie 45 (p)
   Butler 71
Blake 77
David Healy 84 (p)
Miller 86
   
  At St Mary's Stadium on 19-11-2005
Report Huggy June 14, 2010 10:34 AM BST
Tottenham    3 (3) - 4 (0) Man City 
King 2
Keane 19
Ziege 43
   Distin 48
Bosvelt 61
Wright-Phillips 80
Macken 90
   
  At White Hart Lane on 04-02-2004
Report Huggy June 14, 2010 10:36 AM BST
Tranmere    4 (0) - 3 (3) Southampton 
Rideout 59
Rideout 71
Rideout 80
Barlow 83
   Kachloul 12
Tessem 26
Richards 45
   
  At Prenton Park on 20-02-2001
Report Hull June 14, 2010 10:38 AM BST
wow, people actually googled 3-0 comebacks, sooooooooo sad.
Report REM June 14, 2010 10:43 AM BST
Relying on my memory.

Always remember this one. Opening day of the season (pre-Betfair) expecting goals and I back 3-3 at 66/1!

English Premier 
Southampton    3 (1) - 4 (3) Nottm Forest 
Le Tissier 10 (p)
Le Tissier 58 (p)
Le Tissier 69
   Cooper 8
Cooper 36
Roy 42
Roy 79
   
  At The Dell on 19-08-1995
Report sevey June 14, 2010 10:47 AM BST
Huggy  May 2010 1 Team Involed In 2 1.01s Name That Team ?
Report Huggy June 14, 2010 10:58 AM BST
sevey

torino for a guess
Report sevey June 14, 2010 11:07 AM BST
Motherwell 2 Hibernian 6 Full Time 6x6
Rangers 3 Motherwell 1 Full Time 3x3
Report rrxx11 June 14, 2010 5:41 PM BST
Thanks for some good replys.
i have warned him and said to try with smaller amounts to see how it works etc.

to thiose that put fishing, i actully dont know what you mean by this?!?!? i just thought id start my 1st thread with somthing half intresting.

Cheers all
Report h0rnets1989 June 14, 2010 5:44 PM BST
But its not interesting Laugh
Report h0rnets1989 June 14, 2010 5:44 PM BST
And fishing means your talking b0llocks
Report rrxx11 June 14, 2010 5:48 PM BST
Oh hi Clever lad,
Im guessing 1989 is the dob.
Few years to grow up yet.

There is always one.
Thanks to everyone that did show a intrest.
Report h0rnets1989 June 14, 2010 5:55 PM BST
Lol you moron 1989 could mean anything, go take your sh1te elsewhere
Report Trevh June 14, 2010 6:29 PM BST
He could do worse than lay a 1000.0 horse PRE-OFF three times a day for 100k each. That's a very safe bet to make 300 quid a day, perhaps the other guys will put up some 'hits' ... ?

The only one I know of was a horse called Bermondsey Bob a couple of years ago.
Report Francis Benali June 14, 2010 6:38 PM BST
hornets, you are a c0ck. hth
Report rrxx11 June 14, 2010 6:50 PM BST
Carry on making yourself like reallllly cool 1989.
Report h0rnets1989 June 14, 2010 7:08 PM BST
LaughLaughLaughLaughLaughLaughLaughLaughLaughLaugh Mug
Report howardisawinker June 14, 2010 9:35 PM BST
Am I the only one who thinks it's actually quite a good idea? Obviously your mate wouldn't back against Man U when they're 3-0 down, but mostly he should win and it wouldn't take long to make his stake back then he's got a free run...
Report howardisawinker June 14, 2010 9:36 PM BST
but do you get 1.03 often when a team's 3-0 up? Generally you can't back them anymore
Report never loses June 14, 2010 10:51 PM BST
tell him to lay favs he will make a mint
Report getintheir June 14, 2010 11:16 PM BST
not quite the same but west ham 5 -4 bradford after being 4-2  down.

http://www.shropshirestar.com/latest/
2008/08/18/
west-ham-5-bradford-4-classic-video/
Report Valero June 14, 2010 11:20 PM BST
with a 100k bank it would be childs play to take an easy 500 quid a day out of the horse racing markets.

honestly childs play.
Report The Investor June 15, 2010 12:59 AM BST
Print this out for your mate.
There is a very big difference between something that's "never going to happen", and something that has a very small chance of happening. This happened only a few days ago:


The Investor     06 Jun 10 19:07 
Just had my first ever loss laying at 1000.

I layed the draw in

Molde v Lillestrom : Match Odds

I had already closed the markets for this game, when I saw a substantial loss in my PL for the day. Then I found out this happened:

89:13 3-1
91:43 3-2
93:34 3-3
(3it)


There was also an African cup of Nations game this year that went from 4-0 to 4-4 in the last 15  minutes, and a championship game where the favourite was leading 4-0, where it went to 4-2 with another two goals in injury time making it 4-4.

In the example above I was lucky enough to have backed the draw earlier at 200's, but I still ended up losing thousands on this.
Report The Investor June 15, 2010 1:04 AM BST
howardisawinker     14 Jun 10 21:36 
but do you get 1.03 often when a team's 3-0 up? Generally you can't back them anymore


This is rare, but it happens if one team is much weaker than the other and happens to score the first three goals in the game fairly early in the first half.
Report Avocado June 15, 2010 2:20 AM BST
Investor what the hell were you doing laying those kinds of odds?
Report Lori June 15, 2010 4:03 AM BST
More interested in who was bonkers enough to back them!
Report Muqbil June 15, 2010 9:17 AM BST
Valero     14 Jun 10 23:20 
with a 100k bank it would be childs play to take an easy 500 quid a day out of the horse racing markets.

honestly childs play.


This type of reply always deserves a ROFFLE.Laugh
Report Northbouy June 15, 2010 11:46 AM BST
agree, if its so easy making money with a big bank, why is it so hard for these same people with their small banks, ergo, why are their small banks so small still.
Report Valero June 15, 2010 3:41 PM BST
discipline.

if you had a 100 quid bank, making a few quid a race etc, hardly inspiirng is it?

making a few hundred quid out of a race, laying, would keep you focuses on the plan in hand.

i know, believe me or dont believe me.
Report Valero June 15, 2010 3:41 PM BST
*focused
Report Knight Rider June 15, 2010 3:59 PM BST
Valero     14 Jun 10 23:20 
with a 100k bank it would be childs play to take an easy 500 quid a day out of the horse racing markets.

honestly childs play.


---------------------

Happy I love this idea that betting suddenly becomes much easier once you have a big bank.  Completely the opposite in my opinion...in fairness I never bet on horses, perhaps I should though by the sound of it!
Report Valero June 15, 2010 5:02 PM BST
KR - i answered that question before your post.

mentally, its easy to keep a grip when on e sinlge lay can add a few hundred to the balance, its a figure you can think of as decent to now stop.

nicking 2 or 3 quid a bet from a small bank is not going to let you keep disciplined, you will hunt more bets.

a bigger bank affords you the opportunity to go in for just one kill, and then ease off.
Report Muqbil June 15, 2010 5:36 PM BST
I would be fascinated to see your method in action.

Has the possibility for the first ever successful horse racing thread on general betting.

I know plenty of people who expend hundreds of hours trying to scratch a living from the horse racing markets. Many would be interested to watch someone make it look so easy that it is childs play.

Are you up for it?
Report Valero June 15, 2010 7:15 PM BST
Horse Racing is the place to make small, regualr returns.

Not backing them either.

Fixed to kingdom come, the great beauty in BF is the ability to learn the tricks of the trade from certain patters.

I dont just mean drifters, too obvious, and overall... laying drifters and backing steamers does not provide profits either.

There are distinct patterns that can lead to profits if you know what you are doing.
Report Valero June 15, 2010 7:16 PM BST
muqbil (what a hoss)

yes, i would happily be up for a small briefer, what do you have in mind?
Report Valero June 15, 2010 7:17 PM BST
i am happy to respond to you, as even though you remain cynical, which is to be fully understood, your tone and general demeanour on here is very respectful, and i would like to respond in kind.
Report Valero June 15, 2010 7:18 PM BST
final note - i have been connected with BF since 2003.
Report Avocado June 15, 2010 9:42 PM BST
HI VALERO CAN I HAVE YOUR MSN PLEASe?
Report Valero June 15, 2010 9:56 PM BST
not on MSN
Report h0rnets1989 June 15, 2010 11:09 PM BST
Avocado why do you keep asking for everyones msn?
Report Avocado June 15, 2010 11:52 PM BST
Because I want to chat to them on msn.
Report cpfc4me June 16, 2010 1:43 AM BST
Don't you have a girlfriend?
Report Avocado June 16, 2010 2:04 AM BST
no I haven't got a girlfriend, why do u ask?
Report h0rnets1989 June 16, 2010 3:59 AM BST
Why do you want to chat to them though you can on here so why need there msns?
Report Avocado June 16, 2010 4:06 AM BST
to chat privately about betting
Report Avocado June 16, 2010 4:06 AM BST
give me your msn if u want me to add u
Report h0rnets1989 June 16, 2010 4:08 AM BST
Laugh Seriously you want mine Shocked

I dont want no gay porn coming through in my e-mails or anything
Report Avocado June 16, 2010 4:09 AM BST
I've already added liam1982 and DrCash, they can vouch for my character

give us your msn and i'll add u now if u want
Report h0rnets1989 June 16, 2010 4:10 AM BST
OKay then ill give you the benefit of the doubt

adampreston2007@hotmail.co.uk
Report Avocado June 16, 2010 4:15 AM BST
I've added you, come online and chat
Report Avocado June 16, 2010 4:16 AM BST
You're not coming up on my friends list, send me a message or something
Report h0rnets1989 June 16, 2010 4:18 AM BST
Im not online mate will be in the morning come betting time Happy
Report Avocado June 16, 2010 4:19 AM BST
ok
Report Muqbil June 16, 2010 9:50 AM BST
test
Report Muqbil June 16, 2010 9:51 AM BST
Valero, fair play.

I was thinking you could post your selections on a thread prior to race time. If you felt that would compromise your situation I would be happy to act as an independent adjudicator.. I hope you can appreciate my cynicism as my background is the form book and 500 per day is far from being childs play.
Report Avocado June 16, 2010 9:53 AM BST
No one makes profit from horse racing, apart form the Royal Family, who have inside information.
Report TOTGA June 16, 2010 11:24 AM BST
It's not simple to make money from horse racing, but it's certainly possible. Like Valero I'm on my 3rd (or is it 4th?) BF account since around 2002. First, some basics need to be understood:

1. Only 2% of Betfair account are in profit (according to Betfair)
2. The last 400 years has provided evidence that:

a) Those betting with an "informed opinion" on what will win are gambling and lose in the long run
b) Those betting with the maths and laying over-round or backing under-round win in the long run. The whole of Las Vegas was financed on a 104% over-round. Every bookie with a nice car is betting at 110% over-round or better.

These facts are not unrelated.

If the friend of the original poster is going to back "certainties", he'll lose in the long run.

If I was going to do something with a large bank, I'd spend a couple of grand on getting a bot written, lay to a payout and make sure my liability was never more than 2% of my bank.

You might only eek out a few hundred quid a day (and some days you'll lose, but not as often as you'll win), but if you adjust your bank based on winnings, you get the miracle of compounding working for you and getting a return of 2% per day is equivalent to getting 81% growth per month.

In short, if you are disciplined, know what you're doing and you're not going to gamble, it's possible to get a return. The vast majority of us (myself in the past included), just aren't that disciplined. We think if we just tweak this here, or that there, we'll get a better return. Last night I was aching to back Brazil at 0-0 because it was "obvious" they would win. I had to remind myself that was gambling. This friend will need to make sure it doesn't feel weird and hold back on the greed: he wants to be on the side of the maths, and even then he's going to need to be patient and work at experimentation to get it right.

Good luck to him though. I think it's an awful idea, but who out of us wouldn't consider it?
Report TOTGA June 16, 2010 11:36 AM BST
Actually, thinking about it, on some markets backing to a payout on an under-round book might offer an easier ride than laying to a payout on an over-round book. With horse racing, I'm pretty sure it would offer similar returns with less risk providing you had a reasonable bank.
Report Valero June 16, 2010 12:24 PM BST
Muqbil - i need to think about this, i'm not keen on giving away any kind of "heads up" on my edge, but at the same time, i am keen to add some positive weight behind my strategy.

Of course, i would need to post up my selection prior to the race being run, a hint, i dont usually make the selection until maybe a minute before the off, a few times a month i will miss my price and selection, rare to get the price matched in running.
Report REM June 16, 2010 12:41 PM BST
There is a body of opinion on here believing that finds some sort of safety in backing very short priced outcomes. I think it's a comfort blanket for those without a system or opinion or knowledge. Eventually it all comes down to value. If something happens 98 times out of 100 it fails 2 in 100. Backing at odds of 1.01 will result in a loss, while 1.03  provides a profit.

There is no substitute for proper method. There are only three ways to win here:

1. Have a unique system.
2. Have unique knowledge.
3. Be a better judge.

(4. Get lucky.)
Report Valero June 16, 2010 12:42 PM BST
not a chance you will make a consistent profit backing horses, unless your edge is gleened from incorporating inside information.

imo of course.
Report Valero June 16, 2010 12:43 PM BST
the horse racing community, trainers, owners, jocks, etc

always eat well, for a good reason to.

betfair has been the greatest gift to these people, they will be eternally grateful.
Report Aunty Post June 16, 2010 5:05 PM BST
All this stuff is fascinating, when you are bored senseless,
but fascinating none the less! 

I just find it an extraordinary coincidence that someone would ask for the MSN address of someone who joined on the same day!!!

Spooky or what?

Or perhaps, like me, he talks to himself and gets no sense!

[;)]
Report dlarssonf June 16, 2010 5:13 PM BST
a) Those betting with an "informed opinion" on what will win are gambling and lose in the long run

that is your opinion but I can tell you its not the case
Report Valero June 16, 2010 5:56 PM BST
Aunty - no offence, but you have your knickers in a right twist.

May 6th - New forum etc

Really hope this helps.

UFOs? JFK? 9/11?

any other interesting thoughts for us?
Report Aunty Post June 16, 2010 6:18 PM BST
Hey...no offence taken or meant by me.

We are all lovely cuddly people and, I know all about the new forum, but it didn't change my join date!

Think I need a lie down now................
Report h0rnets1989 June 16, 2010 8:22 PM BST
Wtf how has this gone to UFOs Laugh
Report Valero June 16, 2010 8:35 PM BST
conspiracy theories etc

just for further clarification aunty

the new forum came into force on said date

there were many new joinees that sacred day.
Report Muqbil. June 16, 2010 11:25 PM BST
On the forum name point, I logged on to an old account (2001) which had not been for a while. I attempted to post and was asked to enter a forum name which was odd as it already had a name associated. It has bizarely started counting replies based on that account and this oneConfused. There has definitely been something strange happen.

I read on another thread your background in the city, Valero. A while ago I wrote some software that can do remarkable things but not having your background I never really used it or new how to apply it. I have not seen anything else like it and am sure someone with the background could make hay. If you are curios I can put my temp email up.
Report Valero June 16, 2010 11:27 PM BST
Are you the real Muqbil?
Report tobermory June 17, 2010 1:34 AM BST
There is a very big difference between something that's "never going to happen", and something that has a very small chance of happening


That's what these 1.0x Mugs can never get into their heads.
Report Muqbil June 17, 2010 9:13 AM BST
I am the only Muqbil I have seen posting on the forums. The forum upgrade has done something strange. The name I registered on my old a/c is Muqbil with a dot, this seems to have superseded my old forum name, wierd.
Report Muqbil June 17, 2010 9:15 AM BST
Makes no sense, must be to do with cookies which forum name appears, last nights post was made from this a/c but shows a different forum name (the one I added to my old a/c yesterday).
Report Valero June 17, 2010 12:32 PM BST
ah ok, was not sure if somebody was playing silly beggars or not.
Report Muqbil June 17, 2010 7:15 PM BST
Valero,

If you are curious about my software, I am on bfmuqbil@uk2.net (temp email). It could turn out to be something to make millions or of no use. Without input from someone with your background to say "aye we could make shedloads" or "nothing doing there m8" I will never know!
Report Valero June 17, 2010 11:09 PM BST
Hi Muqbil, i shall certainly be emailing you.

I would imagine you may recieve the oddball or two, or three, mailing you now pretending to be me.

I have not mailed you yet.

When i do, i shall post up on here first.
Report greenviking June 19, 2010 6:10 PM BST
Trevh after Redcar today lets hope he didnt take your earlier suggestion in this thread and start laying 1000/1 shots pre race
Report Trevh June 19, 2010 7:43 PM BST
Oh, was there a hit Viking? How much was matched?
Report Trevh June 19, 2010 8:06 PM BST
1st  2 Crianza  100-1  (Betfair sp 1000)
2nd  4 Clare Harrier (IRE)  66-1  (800)
3rd  9 Verluga (IRE)  66-1 (166)


Not sure but I think over 500 quid was matched, so the layers lost just over 1/4 million. Would have been an unlucky week to start laying 1000.0 shots that's for sure, but no doubt the method remains in profit, i.e. they've won far more than a thousand times before they take one hit.
Nothing to say that won't change though of course, no methods are risk free.
Report Valero June 20, 2010 3:27 PM BST
007
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539
www.betfair.com