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General Betting
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Worried for a mate!!
Worried for a mate!!
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Replies: 92
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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.
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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. |
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*focused
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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. ---------------------  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! |
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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. |
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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? |
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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. |
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muqbil (what a hoss)
yes, i would happily be up for a small briefer, what do you have in mind? |
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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.
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final note - i have been connected with BF since 2003.
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HI VALERO CAN I HAVE YOUR MSN PLEASe?
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not on MSN
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Avocado why do you keep asking for everyones msn?
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Because I want to chat to them on msn.
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Don't you have a girlfriend?
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no I haven't got a girlfriend, why do u ask?
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Why do you want to chat to them though you can on here so why need there msns?
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to chat privately about betting
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give me your msn if u want me to add u
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 Seriously you want mine  I dont want no gay porn coming through in my e-mails or anything |
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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 |
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OKay then ill give you the benefit of the doubt
adampreston2007@hotmail.co.uk |
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I've added you, come online and chat
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You're not coming up on my friends list, send me a message or something
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Im not online mate will be in the morning come betting time
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ok
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test
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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. |
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No one makes profit from horse racing, apart form the Royal Family, who have inside information.
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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? |
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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.
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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. |
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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.) |
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not a chance you will make a consistent profit backing horses, unless your edge is gleened from incorporating inside information.
imo of course. |
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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. |
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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! [;)] |
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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 |
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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? |
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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................ |
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Wtf how has this gone to UFOs
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