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angeline
08 Jan 11 21:23
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Date Joined: 04 Feb 08
| Topic/replies: 180 | Blogger: angeline's blog
does anyone still do these challenges, a few months back craigyboy always seemed to be doing them,did he hit jackpot and retired with a retinue of dusky beauties on a tropical beach or did he give up?
I would nt mind giving another crack but i always bottle it after the first two!
Because its just guess work and hunches  with me dont have much time for in depth research.

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Replies: 5
By:
kenilworth
When: 08 Jan 11 21:59
Is there any point if all you would do
is pick hunches and guesses ? I wouldn't
have thought so, besides aren't guesses
and hunches the same thing ?
By:
FINE AS FROG HAIR
When: 08 Jan 11 22:25
Cpmpounding even bets.
My eyes water and my knees tremble at the mere thought of it.
Craigy boy is more likely to be in debtor's prison than on an island paradise.
By:
Compound Magic
When: 09 Jan 11 02:15
Probably you mean parlaying not compounding.

For a parlay to work you need an extremely high % win rate.

The length of the parlays to be used is calculated by a combination of win% and expected dividend.

This is known as a critical length

If you had a 75% win rate and the average price was 3.00 the critical length would be 2
As either the price or win % increases so can the length of the parlay. If you do not have at least
75% win rate with average odds of 2/1 forget parlaying you will lose unless extremely lucky on your first few tries.
By:
angeline
When: 09 Jan 11 11:37
Its only a bit of fun after all, surely starting of with a £2 stake is hardly likely to land you in a debtors prison is it?
Okay clever clogs never mind about a 75% win you need to win 100% of the time  obviously
£2 @ evens = £4
£4 @ evens = £8
and so on after all these sort of challenges are only a bit of fun
I appreciate your input and correcting me on my terminology compound magic but are nt you looking a bit too deep into this,and my apologies if my original post was unclear
cheers angeline
By:
Compound Magic
When: 09 Jan 11 11:55
angeline

Was trying to help by pointing out perils. The 75% win applies to each selections chance not the
chance of winning the parlay.

Certainly good to have some fun bets, I do that when I go to the races with company and can't devote my time equally to both
the company and serious betting.
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