General Betting
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I was just wondering about your strategy, basically from what I can gleam from your unusually well thought-out posts is...
You have a very large bank and attack the markets like correct score and over/under say 5.5 goals... And you see an edge where like 1.04 should really be 1.01 and then you exploit this with your big bank, right?
It occurred to me in the basketball tonight, Charlotte were leading by 23 points with less than 8 mins left. So i'm thinking they are like 500/1 to lose from here, yet you could still back them for a few grand at $1.01.
So I'm thinking... in this situation The Investor would swallow the entire $1.01 as its value, and you would make big profits like that.. Basically right?
You have a very large bank and attack the markets like correct score and over/under say 5.5 goals... And you see an edge where like 1.04 should really be 1.01 and then you exploit this with your big bank, right?
It occurred to me in the basketball tonight, Charlotte were leading by 23 points with less than 8 mins left. So i'm thinking they are like 500/1 to lose from here, yet you could still back them for a few grand at $1.01.
So I'm thinking... in this situation The Investor would swallow the entire $1.01 as its value, and you would make big profits like that.. Basically right?
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Replies: 25
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The Investor eats value for breakfast
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Back at a good price
Lay at a good price And the rest takes care of itself. THe market is truer when all the info is there. The problem is one mans value is another mans food. Opinions ! If you can price a market and see money you can take at a better or worse price then take it. If you don't like watching winning bets lose and losing bets win then get outta the game ! |
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Although I obviously don't speak for Investor.
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that arsenal newcastle game screwed him though
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well who has a 100% strike rate?
if you treat a loss like a blip in an upward trend then there;s no problem. You know you will end + |
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im thinking the newcastle game cost investor like 1 % of his total profit
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It's straight forward.
If you can price up events and back or lay at generous odds either side then you will win, eventually. If you can't price up events and rely on front-runnung (or any combination of this) then you will make as much as the MM has allowed. Sometimes you will win sometimes you will lose but you will be - If you back big at value then the MM will try to push you around to encourage you to give up your value, especially in side markets. Ppl who don't know what price they should be on will often give away especially as the alternative appears generous |
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if he's making enough money to live off from here then fair play to him, we'd all like to be doing that
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Indeed Rocket, on BF make randomness your friend.
Because most people are afraid of it. Gotta go, even though it must be close to 40C outside - dog days of summer in Perth. |
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He's a clever guy, no doubt !
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He probably offers most of you your bets.
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pxb you live in perth???? I lived there for like 8 years
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By: This user is online. Rocket to the FACE
Date Joined: 28 Oct 08 Add contact | Send message When: 15 Feb 11 03:52 Ppl who don't know what price they should be on will often give away especially as the alternative appears generous this should be: '...will often give away value especially as the alternative offers an apparantly attractive get out ' |
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'...will often give away value especially as the alternative offers an apparantly attractive get out '
You can give up value up to the level of commision you pay (ignoring the PC) and still be ahead (by giving away value). |
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if he's making enough money to live off from here then fair play to him, we'd all like to be doing that
i've actually been under the impression that im one of the few people with "real" jobs on here :) the investor certainly sounds like a very intelligent guy |
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Yeah that's pretty much it. Very rarely with an edge as massive as 1.01 that should be 1.04 though.
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me and investor are very intelligent
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i do think you're one of the good guys on here avo. any bets tonight?
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no not tonight paul
i lost that bet i was telling u about, feel a bit gutted now |
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It was The Investor who introduced the value range to Tesco's all those years ago
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buying tesco value food, that really is eating value isnt it
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avo - it lost. quelle surprise.
what was the bet you lost that you'd told me about sorry/ i forget |
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barcelona to win away to sporting gijon, finished 1-1
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ah yep. :(
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