gambling

[bear puncher]

right so heres what im thinking, put £5 down every week to gamble on small odds but likely hood of winning even 2/1 is good as bieng skint is just rubbish, im new to gambling and betting though , anyone got any tips?

[xiphias]

Don't bother. Do a basic stats course to see why...

[SS HSV]

I don't gamble ever but I bet you that you have lost more than you've won

[bear puncher]

even if i double my fiver every week id be happy, obviously its not guaranteed a win but its better than jst blowing that fiver on ste

[xiphias]

Spend the fiver on a dictionary.

[caterhamboy]

exactly why betting shops do will in a recession, if you only have £5-10 left in your pocket at the end of the wk for a night out, you're not going out so might as well try and turn it into £30!

[bear puncher]

xiphias said:

Spend the fiver on a dictionary.

no fanx blud...see what i did there?

[MoleVision]

bear puncher said:

xiphias said:

Spend the fiver on a dictionary.

no fanx blud...see what i did there?

fanx has 2 ns.. Fannx.

Edited by MoleVision on Monday 8th September 22:49

[chris_w666]

Hmm so you put your fiver on a 2/1 and win. You have £15.

Do you:

a) Walk away and buy £15 worth of beer?
b) Take your £10 winnings and reinvest the £5?
c) Take your £15 and think this gambling is easy, so bet some more?


The answer will be c). The answer is always c) when dealing with small bets. This is why betting shop and casino owners do not drive F reg ford sierra's.

I tried playing at gambling with £30 online. I won some, I lost some, over 3 weeks I turned my money into £250. I saw that as a bit of fun so didn't withdraw the winnings I kept playing, I now have an empty account on a gambling site.

You will not win, if you are skint and have a spare £5 a week start to save it and keep upping your savings. Unless you can afford to lose money don't gamble with it.

[shadowninja]

What's the probability of winning?

[caterhamboy]

to be fair, having worked in the betting industry for over 10yrs chris 666 is bang on. especial now there's betfair which sets the market spot on so not many mistakes like overpricing like there used to be!!

[mitzy]

Put it in a jar mate.

[Shaolin]

bear puncher said:

even if i double my fiver every week id be happy...

Do you really believe this is even remotely possible? even for a second?

I never understand why gambling has this "glamourous" image. Casinos and Poker conjour up sleazy, lazy, sweaty liars trying to make money by doing sod all.

[bear puncher]

Shaolin said:

bear puncher said:

even if i double my fiver every week id be happy...

Do you really believe this is even remotely possible? even for a second?

I never understand why gambling has this "glamourous" image. Casinos and Poker conjour up sleazy, lazy, sweaty liars trying to make money by doing sod all.

sod all? im in full time work


and regards to above post, i see where youre coming from, and yea id probably go with c and keep betting

[branflakes]

bear puncher said:

anyone got any tips?

Start with an imaginary betting bank of £100,000. Spend about 4-6 hours per day studying various horse racing and statistic websites in an effort to find profitable horses. Record every imaginary bet you make and keep track of your imaginary betting bank. If after a year your imaginary betting bank is worth about £150,000 and never fell below £60,000 then you're very good and you can consider using real money. If after a year your imaginary betting bank is worth about £200,000 and never fell below £80,000 then you're very, VERY good and you can consider using real money. If after a year your imaginary betting bank is worth £300,000 or more then it was a complete fluke and you'll lose it all in the next few months, probably weeks.

[smiller]

mitzy said:

Put it in a jar mate.

[caterhamboy]

you could always play the irish lotto with betfred, if you play the pick 3 balls from 6 the odd's offered are 610-1 and i think from memory the true odd's are 573-1. you might not win but at least they won't get rich off you..

[bear puncher]

571-1 for just 3 numbers? out of 6?

[shadowninja]

bear puncher, you seem keen to do it irrespective of what we say, so do it and report back in the final week in December...

[chris_w666]

bear puncher said:

571-1 for just 3 numbers? out of 6?

6 drawn in the lotto, but 45 or 49 options.