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bix
22 Aug 11 21:06
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Date Joined: 08 Dec 02
| Topic/replies: 4,058 | Blogger: bix's blog
Where you lay 0-0 but back it back when odds have halved. Man.u v Spurs  makes 7 losers in a row for me.   Only for small stakes I'm glad to say but am I doing something wrong?

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Replies: 61
By:
paulme
When: 22 Aug 11 21:28
link to original thread? didnt it start ay 17 and reach 8.5 before the goal?
By:
bix
When: 22 Aug 11 21:33
It started at 17 and I backed at 8 after 31 minutes.
By:
paulme
When: 22 Aug 11 21:34
so isnt that a winner?
By:
bix
When: 22 Aug 11 21:39
Paulme

Laying at 17 and backing at 8 for twice the original stake is not a winner. I must try and find the original thread but cant remember where it was or when.
By:
Eat_your_greens
When: 22 Aug 11 22:35
It takes about 30 minutes in-play for the odds to half on 0-0. Why don't you look up all the results of the day/week/season/league etc and apply the same strategy (see where there is/isn't a goal in the first 30 minutes) and see where you end up?
By:
thebert
When: 22 Aug 11 23:05
I don't think you're doing anything wrong, just have a little patience.

Not saying it works, i don't really know if it does, but 7 losers surely can't be that uncommon.
By:
Diep
When: 23 Aug 11 00:52
Better backing small stakes and laying off at just under 30 mins - you risk less and will make profits more often.
By:
gnashersblackpool
When: 23 Aug 11 01:27
your effectictly backin evs money a goalin first 25 to35 mins of game.

uCAN GET THIS BET WITH ANY BOOKIE COMMISSION FREE, or u can do same bet in the first goal odd market.
By:
Trevh
When: 23 Aug 11 01:31
Bix, you're not doing anything wrong, but it can be a soul destroying method to implement when you hit a run of losers. I've had 16 losers in a row before, that's when you feel like the world is against you, when you're on your knees it will kick you in the face some more. If you can keep your head using this method then IMO you've got what it takes to succeed at gambling.

Imagine backing heads over and over again on the flip of a coin at 10% value - 2.2 - you are guaranteed to win long term, but you are also guaranteed to have losing runs of between 10 to 20 in a row several times a year.

The key is to keep doing the same thing and forget about the sequence of results, because you will also get winning runs of even greater length.

The reason this method shows a small long term profit after commission is that 0-0 layers hold the price up for too long after kick off. For example, did you look at the price most bookies were offering for a goal in the Man.U match before 25/26/27 minutes? I bet you couldn't have got 30 minutes for evens with any of them, more likely 26 minutes for 5/6, hence the edge becomes obvious. It doesn't matter that the edge is then known, most will fail because it's such a difficult method to implement.

Eat_your_greens, yes that's sensible to do. I've checked past seasons results i.e. premiership 09/10 laying all 0-0's for 30 minutes shows a 29 points profit, which doesn't sound like much but there are 20 fold more matches than that available every week.

Interestingly, if you lay the current score immediately after the initial goal and subsequent goals using the same strategy of redding-up for an even money bet on each new lay, the profits for that premiership season rise to 56.5 points. You will get less than 30 minutes exposure for each goal after the first though, and the key is getting a good price as the odds reform after the goal. :)
By:
bix
When: 23 Aug 11 08:17
TrevH

Thanks for the in depth reply. I have a method which makes small gains on the horses but football betting is new to me and I was using your "system" to get a feel of how the markets work. I have no problem with the disciplin side of gambling but I was wondering if I'd missed something when the first 7 times all went down the pan.
Football betting seems to me to be totally different to the horses as before the game starts no-one knows the result or what will happen.
I don't expect anyone to divulge their edge but advice on where to start would be appreciated.
By:
kenilworth
When: 23 Aug 11 09:42
When you say ''half the odds'', do you mean for example, with a lay of 12.0, you would
close at 6.0 or 6.50 ?
By:
kenilworth
When: 23 Aug 11 09:53
To make it an evens bet, it is necessary to close the bet at
half the exchange price (lay at 12, back at 6) which is laying
at 11/1 and backing back at 5/1, and that price takes a little
bit longer to reach (more chance of a goal). Simpler to work.
By:
Slicer
When: 23 Aug 11 13:45
A system like that will never ever work!

I hope this clarifies the matter.
By:
paulme
When: 23 Aug 11 14:14
same as your holy grail then Slice... probably
By:
Slicer
When: 23 Aug 11 14:19
Believe what you wish!

Anyone who understands time value on options will know why the system cannot produce prophets in the long term.

I hope this clarifies the matter.
By:
raspberrybottom
When: 23 Aug 11 14:27
Slicer is always correct.... sometimes. Happy
By:
Slicer
When: 23 Aug 11 14:35
Thank you for your support rb, I will always wear it!
By:
bf_fananatic
When: 23 Aug 11 16:29
be careful of using other peoples systems as I told trev I followed this one and might jump of a cliff
if it keeps losing so he sent me a parachute with an anvil in it.
By:
raspberrybottom
When: 23 Aug 11 16:49
Super patience needed for this and perhaps a few huge slices of luck.
By:
All in vain
When: 23 Aug 11 17:17
New to this thread but surely the old adage is: Back HIGH - Lay LOW. Not the other way around.
By:
ocean0201
When: 23 Aug 11 18:52
lay 0-0 but back it back when odds have halved

u mean other way round?
By:
ocean0201
When: 23 Aug 11 18:54
or u mean if there is goal, you win instantly else you stake more at half odds to win... why not green out when the price halves again?
By:
U.A.
When: 23 Aug 11 18:55
no it's meant that way round.
By:
ocean0201
When: 23 Aug 11 20:19
so its back high, lay low?
By:
U.A.
When: 23 Aug 11 20:34
Sorry there ocean0201 I replied to your 18.52 post i hadn't seen your 18.54 post at the time i sent my message. Trevh basically said that you lay the 0-0 at the start of the game and then hope that there is a goal and you win. If there isn't a goal by the time the price has halved then trade out for a loss. Over time your wins should outweigh your losses. The 0-0 should reach half price after 30 mins.

If you look at the EPL for 2010-2011 there were only 168 games out of 380 that were still 0-0 at 30 mins so this strategy would have been successful. Likewise for 2009-2010 there were 174 games out of 380 that were still 0-0 at 30 mins so again this strategy would have been a winner. If you look at the 2008-2009 season however there were 200 games out of 380 that were 0-0 at 30 mins so this would have been a loser.

If you just look at 1 league and do this theory for a whole season it could still end up a losing strategy. I have no idea about what happens if you do it for all the European top leagues for a season.

Hope this helps.
By:
U.A.
When: 23 Aug 11 20:34
Sorry there ocean0201 I replied to your 18.52 post i hadn't seen your 18.54 post at the time i sent my message. Trevh basically said that you lay the 0-0 at the start of the game and then hope that there is a goal and you win. If there isn't a goal by the time the price has halved then trade out for a loss. Over time your wins should outweigh your losses. The 0-0 should reach half price after 30 mins.

If you look at the EPL for 2010-2011 there were only 168 games out of 380 that were still 0-0 at 30 mins so this strategy would have been successful. Likewise for 2009-2010 there were 174 games out of 380 that were still 0-0 at 30 mins so again this strategy would have been a winner. If you look at the 2008-2009 season however there were 200 games out of 380 that were 0-0 at 30 mins so this would have been a loser.

If you just look at 1 league and do this theory for a whole season it could still end up a losing strategy. I have no idea about what happens if you do it for all the European top leagues for a season.

Hope this helps.
By:
U.A.
When: 23 Aug 11 20:35
stupid computer...
By:
Trevh
When: 24 Aug 11 00:48
Bix : ...but I was wondering if I'd missed something when the first 7 times all went down the pan.

There's nothing remotely unusual about losing 7 even money bets in a row Bix, so no you haven't missed something.

But as you can see from some of the replies, a basic grasp of value is indeed a rare thing.
By:
Trevh
When: 24 Aug 11 01:00
U.A., 30 minutes isn't set in stone so it's not entirely accurate to calculate historical profits or losses that way. In some matches if there's been an early sending off you may have to red up after say 22 minutes, in other matches you may get 35 minutes for your money, and if you can get a good lay price straight after kick off even better.

The point of the method is that overall you will get more time exposed to the win at greater odds than you would get by backing a goal in the first 26 minutes at 5/6 for the same bet.
By:
ocean0201
When: 24 Aug 11 01:07
trevh see my thread i have posted 0-0 stats for all leagues..
By:
Trevh
When: 24 Aug 11 01:25
Kenilworth : To make it an evens bet, it is necessary to close the bet at
half the exchange price (lay at 12, back at 6) which is laying
at 11/1 and backing back at 5/1, and that price takes a little
bit longer to reach (more chance of a goal). Simpler to work.


Haven't seen you around for a while Kenilworth, nice holiday?

But yes halved to decimal odds not fractional. As an example if I had laid at 12.0 I would be looking to back at the price that gave me the same amount of loss as I would have won after commission. So for say a £100 lay my profit would be £96.50 if the goal came, or if not I would red up just before 6.0 for a loss close to £96.50, not £100.
By:
larry grayson
When: 24 Aug 11 11:34
It's not a question of how long the game stays at 0-0 but how long the suitable odds are available.
By:
I am the one and only223
When: 24 Aug 11 12:25
So is the value in laying the 0-0 or backing it? And whichever it is, why bother with the other?
By:
kenilworth
When: 24 Aug 11 13:13
I agree with the previous poster, in which case
IMO the second bet would seem to be the value at
first glance. Unfortunately the price to close is
fixed (half the back price) and there is no way of
knowing how many minutes will have passed before
the desired price is reached. IMO it could occur
between the 22nd and 30th minute.
By:
kenilworth
When: 26 Aug 11 19:23
Trev, in the Udinese/Arsenal match on Wednesday night
0-0 was 12.0/12.5 prekickoff and 33 mins passed before
the price touch half (6.0/6.2), 33 mins being about 5
mins above average IMO.
By:
U.A.
When: 26 Aug 11 20:21
In that game, the 0-0 seconds before kick-off was 10.5/11.

Trevh - I'm certainly not trying to critise this system, just trying to impart some perspective that you could run this system for 1 season on 1 league and it may not be profitable.

Given that the opening poster is concerned about it this early in the season made me think that it's always good to get all the information you can, especially if you are running a system that someone else has suggested.
By:
kenilworth
When: 26 Aug 11 20:28
In this match this evening the prekickoff price was 17.5 and hit
9.0 on 28 mins. (Barca v Porto)
By:
kenilworth
When: 26 Aug 11 20:29
U.A. Any system/ method can be a winner one season
and a loser the next season.
By:
U.A.
When: 26 Aug 11 20:42
Indeed Kenilworth, but it's not me that you need to convince or even make aware of this.
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