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In Schalke 04's footsteps

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Replies: 181
By:
Beat The OverRound
When: 22 Jan 12 10:50
Eddie, I'm not particularly more intelligent than the next man, but I kind of have a knack of picking up things quickly and I have street smarts. However, there are plenty of smarter people than I. There are a lot of more intelligent people, but intelligence doesn't translate to wisdom in all cases.

I am the first to admit I'm not always right and acknowledge when I've learnt something from someone else.
When I have a subject pop up that I have vast experience in and have dealt with or have statistical evidence to support my claims, I can't abide someone telling me I don't know what I'm talking about.
That's when my posts seem antsy.

I'm not adverse to more security, but some of the suggestions will cause more problems than solve.
There should be a secondary account information password, but that's not going to make it more secure for those who habitually leave the front door open.

If you don't know how to do this, maybe this site isn't the place for you ?

This statement is a bit out of context, I believe it was regarding finding a breakeven strategy to churn and reduce premium charges from trading.
My contention was that if you can't find anything, anything at all that's breakeven on a site where you generally get much better odds, how can you hope to make a profit?
Unless you're a trader, you may as well pack up now and save yourself the angst and charges.
I don't think that's harsh, it's reality.

Again, what I implied was that should you choose to put all your eggs in one basket, it's extremely bad practice and frought with danger. Why can't you transfer it as needed?
I've been around security with banks and other financial institutions for a very long time, and I reckon I've seen more horrific things happen than will ever be publicised.
Basically it's a constant battle that is always playing catchup and can never be won.

And what may seem silly to you and others, is a precedent that many large organistations and investors have taken on board.
Diversity equals security.

And finally:

You see all these retirees and mum and dad investors crying because they lost their assets or retirement funds, and while I feel sorry for them, extremely sorry, it was always going to happen at some point, because they know no better.

It wasn't always going to happen and that's a fact.


No it may not have happened to them, they may have scraped through by pure luck.
But it was always going to happen to a percentage of the population who put all or most of their eggs in one basket.

I know a radioligist who retired and had all his Super in the stockmarket. The poor bloke had to go out to work again after two years in retirement.
Unfortunately there are many more like him.
Some who were due to retire in a year, and have to concede they'll have to work at least another five years.

So many things can attack you, hackers, scammers, stockmarket crashes, corporate corruption etc etc. It seems in this day and age only a few can see the implications.

Personally I would never leave all my money in any place, even a large proportion of it. I was trying to make people aware that it really is gambling if you choose to do this.
I hope it doesn't happen, but just about everyone will be or know of a victim in their lifetime.

Most things are not publicised, every single day thousands of people get hacked, scammed, or become general victims.

More security sure, if that makes you feel safe, but it won't make you completely safe and that's the bottom line.
By:
catfloppo
When: 22 Jan 12 11:03
More security sure, if that makes you feel safe, but it won't make you completely safe and that's the bottom line

I think you should post this on the security thread because it is different from the view that you seem to hold there.

You're so right about the eggs in one basket, I fell foul of this when the pound devalued - all my savings were in steering :(. Not any more!
By:
catfloppo
When: 22 Jan 12 11:04
*sterling
By:
Beat The OverRound
When: 22 Jan 12 11:27
No different Cat.
I accept some people want it, but my point of view is the same.
I don't support gadgets, dongles or other devices.
By:
catfloppo
When: 22 Jan 12 11:50
Yes but you come across as almost ridiculing any attempt to increase security.
By:
Beat The OverRound
When: 22 Jan 12 12:07
Because I believe that the majority have personal security problems that Betfair security won't address.
This belief is based on revelations from posts made.
I also believe that people will think the additional security protects them totally.
Recent hacking posts further add to my beliefs.

But I'm weighing out of it now, as whatever I say makes no diffence.
By:
Beat The OverRound
When: 22 Jan 12 12:08
Because I believe that the majority have personal security problems that Betfair security won't address.
This belief is based on revelations from posts made.
I also believe that people will think the additional security protects them totally.
Recent hacking posts further add to my beliefs.

But I'm weighing out of it now, as whatever I say makes no difference.
By:
wombleoz
When: 22 Jan 12 21:02
interesting Eddie - are you saying $1.01 - $1.05 is never value???  Schalke didn't care about value at all and still managed to hit several winners in a row and get into some good positions - if there was a bit more selectiveness about the selections, and a decent starting bank, it could work out.  mind you, the return probably doesn't justify the risk
By:
Northbouy
When: 23 Jan 12 06:53
this thread deserves the Schalke treatment = TTT
By:
trebor
When: 23 Jan 12 11:14
Northbouy, probably better to let people just think you are stupid, rather than keep bringing this to the top to confirm it.
By:
Northbouy
When: 23 Jan 12 11:53
ttt
By:
CrowsEye
When: 23 Jan 12 11:57
^ i'm with stupid
By:
Northbouy
When: 23 Jan 12 12:26
you belong with stupid
By:
Eddie the eagle
When: 23 Jan 12 17:45
wombleoz, I didn't pay much attention to Schalkes 1.01 , 1.02 .... threads, but it will be much easier to possibly get value with small amounts rather than large ones.
  The reason for this is that most of these prices will be available close to the end of events like football matches. 
  If you want to get large amounts on you need to be among the first backer at these prices, while you can afford to waite a little longer if you are putting on small amounts.
There's a big difference in betting at, let's say 1.02, in a football match when there's 2 minutes left rather than do it when it's only one minute left.
By:
wombleoz
When: 23 Jan 12 19:49
All good Eddie - I don't watch the in-play markets that closely because we can't bet online from over here Sad
By:
Help Ma Boab
When: 24 Jan 12 05:04
I get the feeling that nobody on this thread has any money or any life.
By:
Northbouy
When: 24 Jan 12 14:26
your right, he lost his money Tongue Out
By:
Gerbs
When: 26 Jan 12 20:05
you have coaxed the main man out of retirement
By:
Schalke 04
When: 27 Jan 12 00:49
just read this thread, enjoyed reading it ....
By:
Help Ma Boab
When: 27 Jan 12 03:00
Is it possible to convert 10 of your British Pounds Sterling into an astronomical figure. I would like to see someevidence.
By:
CrowsEye
When: 27 Jan 12 14:56
Yeah, £10 on a 5000/1 accum.
By:
Northbouy
When: 28 Jan 12 17:17
ttt
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