betting for profit
Discussion
I dont know much about betting so forgive me if i say something stupid.
Im also crap at sport knowledge.
Lets say there was a match on, and i put £1 on the following scores.
0-0, 0-1, 1-0, 1-1, 1-2, 2-1, 2-2
What are the chances i would come out with more than i put down?
In this case i would put down 7 pound, a pound for each score, Provided neither team scores no more than 2 and one of my scores is right would i make much profit? or would i likely end up losing more than ive gained even if i win?
This is just for general matches, none in particular
Im also crap at sport knowledge.
Lets say there was a match on, and i put £1 on the following scores.
0-0, 0-1, 1-0, 1-1, 1-2, 2-1, 2-2
What are the chances i would come out with more than i put down?
In this case i would put down 7 pound, a pound for each score, Provided neither team scores no more than 2 and one of my scores is right would i make much profit? or would i likely end up losing more than ive gained even if i win?
This is just for general matches, none in particular
There are loads of bots that keep the market fairly efficient so over time you may break even but lose out on commission if you find the best odds (usually on a betting exchange).
There are occasional discrepancies but you really need to know the sport you're betting on so that you can identify "value". For instance, yesterday's Tottenham odds started at 1.4 which is terrible value given their recent performance - so laying them rather than backing them would have made more sense.
There are occasional discrepancies but you really need to know the sport you're betting on so that you can identify "value". For instance, yesterday's Tottenham odds started at 1.4 which is terrible value given their recent performance - so laying them rather than backing them would have made more sense.
This video tells you all you need to know about football betting when you have no idea about value, form and the sport in general:
http://youtu.be/_pqkJJ9m5mU
http://youtu.be/_pqkJJ9m5mU
NorthernBoy said:
So you'd withhold advice that would help 999 people because it would hinder 1?
That's like telling people not to wear a seatbelt because 1 time in 1,000 you'd be better off without it.
I won't stop someone trying it for themselves. Saying "you'll just lose money" is hardly advice. Most (80%?) of businesses fail. I'd still encourage anyone to give it a go.That's like telling people not to wear a seatbelt because 1 time in 1,000 you'd be better off without it.
The fact that most people don't win when sports betting does not make posting 'gambling is a mug's game' a useful thing to do - especially on a thread like this. Because the simple fact is, most people just aren't any good at it.
I'm no good at surgery, but I'll not tell somebody surgery is tripe. Because somebody can do it, given enough time and skill.
OP: I regularly take over 2.5 goals, and I've lost count of the times I've seen 4-1, 5-1, 5-0 . So those would need to be factored into any calculation, as alluded to above.
I'm no good at surgery, but I'll not tell somebody surgery is tripe. Because somebody can do it, given enough time and skill.
OP: I regularly take over 2.5 goals, and I've lost count of the times I've seen 4-1, 5-1, 5-0 . So those would need to be factored into any calculation, as alluded to above.
jamie128 said:
I dont know much about betting so forgive me if i say something stupid.
Im also crap at sport knowledge.
Lets say there was a match on, and i put £1 on the following scores.
0-0, 0-1, 1-0, 1-1, 1-2, 2-1, 2-2
What are the chances i would come out with more than i put down?
In this case i would put down 7 pound, a pound for each score, Provided neither team scores no more than 2 and one of my scores is right would i make much profit? or would i likely end up losing more than ive gained even if i win?
This is just for general matches, none in particular
YOu would definitely lose. THis is exactly how the whole bookmaker industry works.Im also crap at sport knowledge.
Lets say there was a match on, and i put £1 on the following scores.
0-0, 0-1, 1-0, 1-1, 1-2, 2-1, 2-2
What are the chances i would come out with more than i put down?
In this case i would put down 7 pound, a pound for each score, Provided neither team scores no more than 2 and one of my scores is right would i make much profit? or would i likely end up losing more than ive gained even if i win?
This is just for general matches, none in particular
If you think of it the other way around- the bookmakers are taking millions of each bet that you suggested. THe odds are calculated exactly so they will profit whatever the result (more or less) hence what you are suggesting is recreating the whole market in miniature which is a guaranteed loss in the long run.
blindswelledrat said:
YOu would definitely lose. THis is exactly how the whole bookmaker industry works.
If you think of it the other way around- the bookmakers are taking millions of each bet that you suggested. THe odds are calculated exactly so they will profit whatever the result (more or less) hence what you are suggesting is recreating the whole market in miniature which is a guaranteed loss in the long run.
Are you saying I should lay the market? If you think of it the other way around- the bookmakers are taking millions of each bet that you suggested. THe odds are calculated exactly so they will profit whatever the result (more or less) hence what you are suggesting is recreating the whole market in miniature which is a guaranteed loss in the long run.
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