General Betting
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...when the bookers put limits for you and in the end you only have a couple good bookers left and you have to take the odds they offer or bet here and pay commissions. Any thoughts?
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value and prices. some horses get well backed.
there will always be value bets, horses their price will not change. redair 6/1 yesterday wasnt well backed but is was value. if your persistent in learning the game, you will get the breaks. |
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No, it is clearly impossible for any single person out of the 6-7 billion people on the planet to make enough profit to live off.
It must be because there has and never will be any price offered or available that is value. |
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"value" can be found in some strange places.
Take a look at Eurovision 2012.Read the conditions and then check the prices. There is at least one rick . PS The picture of EH looks remarkably like Harry,no? |
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And who is going to produce the foot we eat if all the people start living on gambling? What is going to happen with the civilization?
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Yes it's possible, but it's hard work to make a very moderate living. It just gets harder and harder the more you want to make.
I imagine you need a lot of contacts/friends/army to make the big bucks. |
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master mind group. invent them in your imagination
and assign them with tasks and develope the qualitys and skills you need to make the money. you have the army in your imagination. before you know it , you will have the sixth sense and pathway to riches. |
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"And who is going to produce the foot we eat if all the people start living on gambling?"
I was going to try and say something funny about how it would have had to have been a very big foot but i fear that my joke would have been abominable. |
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It IS possible but the need to recognise opportunities is paramount.
They are usually few and far between and need biggish stakes when they arrive. |
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"And who is going to produce the foot we eat if all the people start living on gambling?"
I was going to try and say something funny about how it would have had to have been a very big foot but i fear that my joke would have been abominable. Join the club. |
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Tying to think of a good reply but nothing has occurred to me yeti
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While some might find that prospect unpalatable, on the bright side, others would anticipate a reduction in foot in mouth disease.
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many good comments here
 I like to think that there are plenty of winning formulas based on pure statistics and mathematics out there still to be found, but so far I haven't come up with any decent  . Maybe I haven't "thought outside the box" enough, but I start to get the feeling that the only way to make profit in the long run is hard discipline, work and patience.I bet mainly on tennis and I do study statistics and form,I have routines to find bets that in my opinion are good value, but I haven't got a specific formula that I use every time for picking winners. Many of the bookmakers I've used have put limits and I was thinking of starting to place my bets mainly on Betfair in the future. The odds on betfair are usually among the highest, but in my opinion you won't find as many good betting opportunities on here as you do at other bookmakers. Another problem is that Betfair doesn't seem to offer odds for challenger tournaments. Still, I think that i'll give it a go If here are any winners around, it would be nice to here if you use specific formulas for betting (you don't need to reveal your secret of course  ), or if you just got the skills to pick the winner at a decent rate. |
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yossi, this question is asked on here quite frequently, have a bit of a read through the first half of this thread, you may find it useful.
http://community.betfair.com/general_betting/go/thread/view/94082/25170917/winners-don039t-share-discuss |
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good thread, thanks
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Bookies say, 'winners will always get on', tho' I must say that I've always found it easier to find value bets than to find people who can place them for me.
Compared to the other things I could do, betting is more interesting but harder work for less reward. |
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yossi, anyone can pick winners. It's getting the right
prices that is crucial. |
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anyone cannot find winners, as proven by the losers
on betfair, getting the right price, when its usually the wrong price. or do you mean few ticks or few points? kenilworth |
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Its a war with many battles and not many survive unscathed. Many veterans retire hurt with PTSD and RSI. Glory or death for those that go over the top. Dementia for those that keep digging trenches.
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To the OP if people werent making money or enough money on here all you would see is blank screens and Betfair would go bust.
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maths.
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yes ,it is possible to make a living ,but only if you are fluent in Latin and Norwegian ,and at the same time can balance a book on your head while walking the length of the living room .
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roadrunner, anyone can bet winners but the prices have to be big enough
to compensate for the losers you will back, that's what I mean. |
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is not possible longterm
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"And who is going to produce the foot we eat if all the people start living on gambling?"
-------------------------------- I was going to try and say something funny about how it would have had to have been a very big foot but i fear that my joke would have been abominable. --------------------------- Tying to think of a good reply but nothing has occurred to me yeti Haha, sock it to 'em guys! |
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IdvamOtDaleko : And who is going to produce the foot we eat if all the people start living on gambling? What is going to happen with the civilization?
On a more serious note, the concept of the question is flawed and the answer is simple. The human race is hugely diverse, there will always be people willing to do all sorts of vocations, and where a demand is needed it will always be met, money and profit being the driving force to meet supply and demand. Gambling is a little different because very few gamblers will ever be successful, many will dabble and disappear, while most people won't even try at all because they've always been told that it's a mugs game, so they'll just stick to doing the National Lottery and scratch cards, ironically :) I know what you mean though, the back bone of the economy is structured on manual labour - builders, mechanics, hauliers, supermarket workers, farmers, labourers, etc. That's why the UK government (since Labour has gone) has discouraged students from gaining places at universities by pricing the poor out of the opportunity, harsh but realistic, because at the end of the day there's only so many sports scientists, psychologists, climate scientists, media specialists etc the private sector tax revenue and hands on workers can support. |
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IdvamOtDaleko
Date Joined: 01 Oct 06 Add contact | Send message When: 16 Mar 12 11:46 Joined: Date Joined: 01 Oct 06 | Topic/replies: 4 | Blogger: IdvamOtDaleko's blog And who is going to produce the foot we eat if all the people start living on gambling? What is going to happen with the civilization? Robots and/or meandering troglodytes. R. Soles will be providing the foot with a proper shoe. |
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Trevh
Date Joined: 21 Jul 06 Add contact | Send message When: 18 Mar 12 02:10 Joined: Date Joined: 21 Jul 06 | Topic/replies: 1,477 | Blogger: Trevh's blog IdvamOtDaleko : And who is going to produce the foot we eat if all the people start living on gambling? What is going to happen with the civilization? On a more serious note, the concept of the question is flawed and the answer is simple. The human race is hugely diverse, there will always be people willing to do all sorts of vocations, and where a demand is needed it will always be met, money and profit being the driving force to meet supply and demand. Gambling is a little different because very few gamblers will ever be successful, many will dabble and disappear, while most people won't even try at all because they've always been told that it's a mugs game, so they'll just stick to doing the National Lottery and scratch cards, ironically :) I know what you mean though, the back bone of the economy is structured on manual labour - builders, mechanics, hauliers, supermarket workers, farmers, labourers, etc. That's why the UK government (since Labour has gone) has discouraged students from gaining places at universities by pricing the poor out of the opportunity, harsh but realistic, because at the end of the day there's only so many sports scientists, psychologists, climate scientists, media specialists etc the private sector tax revenue and hands on workers can support. A more succinct answer would be : The invisible hand  |
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without giving too much away, gambling has nothing to do with value, ok its great if you can get it, but how many winners do you not back because its not value.
the real value is operating like the bookies do, statistics. be it football or horses the odds are stacked against you if you dont know what the bookies main criteria is in pricing up events. football, you can back 2-1 scoreline or any other scorline every match and never make a profit. you can count on 2 hands the number of times the top 5 in the league have all won in the same week since the premier legue began. horse racing, top jockeys and trainers have 30/40 mounts/entries a week, only need 6 a week to be champion jockey or trainer. so they lose 24, go figure how the bookies use that. |
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without giving too much away, gambling has nothing to do with value, ok its great if you can get it, but how many winners do you not back because its not value.
the real value is operating like the bookies do, statistics. be it football or horses the odds are stacked against you if you dont know what the bookies main criteria is in pricing up events. football, you can back 2-1 scoreline or any other scorline every match and never make a profit. you can count on 2 hands the number of times the top 5 in the league have all won in the same week since the premier legue began. horse racing, top jockeys and trainers have 30/40 mounts/entries a week, only need 6 a week to be champion jockey or trainer. so they lose 24, go figure how the bookies use that. |
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basically so bnm, people on here are wasting there time and money and its just because they are addicted they continue to push ahead thinking everything will work out.
Luck, timing and discipline are essentials that a lot of punter need but cant achieve, me included. |
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without giving too much away, gambling has nothing to do with value,
the real value is operating like the bookies do, statistics Contradicting yourself there BNM Bookies work out the true price as best they can, then offer a worse price. That is what Value Bettors on here do. |
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But more importantly they don't even need to price it up correctly as long as they take enough money on both results, that as long as they don't mis-price so badly only one side gets matched, they can easily hedge a profit before any outcome.
bmm is right, the true money made, including on here, is made by people who get money matched on every result, in other words they get money matched on 'both sides' of the market, giving *even* better value. That's different to value punting, but is still a form of value, but it's the only way to make real money. And because a side effect is reduced commission compared to turnover, it's also why PC was introduced. |
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Anyone with a mind to do it can reverse-engineer how a big winner wins.
Let's say that he is making 60k a year with an implied advantage of 0.3% a bet. It's not difficult to work out how many bets he has to take and in what size to make his target. It then becomes slightly more difficult to figure out which prices he takes/offers (and which he doesn't). But after the aspirational bettor has worked out all that out, he might well decide to give up betting and go off and train as an accountant instead. |
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without giving too much away, gambling has nothing to do with value
dont think there's much chance you'll be giving much away |
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lol.
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bnm 19 Mar 12 23:13
without giving too much away, gambling has nothing to do with value, ok its great if you can get it, but how many winners do you not back because its not value. All of them. |
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its about having an edge/knowing something the bookies dont.a tennis player unwell.a horse expected to show better (or worse) than it has to date.a row or low morale in a football team .if you are depending on straight betting between you and bookie you on a lose because you are not getting the true price of something happening.
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In order of importance its about:
1 the market place 2 motivation 3 judgement 4 discipline 5 courage |