Betfair... anyone like having a punt?

Betfair... anyone like having a punt?

Poll: Betfair... anyone like having a punt?

Total Members Polled: 42

Yes, most weekends I have a bet on.: 8
Yes, sometimes if I fancy a punt.: 16
Only once and regretted it.: 3
No, too scared.: 7
No, it's for degen gamblers.: 11
No, never heard of it.: 2
Still haven't learnt from your gold binaries?: 1
Author
Discussion

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
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Just wondering... anyone like betting, particularly on football?

Any "interesting" stories to tell? biggrin

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
I like to dabble with football betting, particularly using ladders that display Depth of Market. I find the way the prices move about interesting.

Gizmo!

18,150 posts

214 months

Monday 6th December 2010
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I only bet on stuff I know about; and only for beer money. But then, I do like a few pints...

One trick is to use the draw on things like tennis tournaments: pick a few players who are at long odds to win due to a low ranking, but will get through quite a few rounds. Best examples being Julien Benneteau at Wimbledon this year and JW Tsonga at the Aus Open 2008: both 1000-1 before the tournament and got to the QF and runner up spot respectively. You put a small bet on, then lay off the credit once the odds start coming in smile

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
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Ok, who clicked the regret option? I feel there's a story of woe that needs posting.

bazh

308 posts

197 months

Monday 6th December 2010
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2 season ago, a good freind, just finshed uni and was not accpeted on to his course to become a doctor, had a accumulator on the first weekend of the season that was £32,000 / 1. Only 1 team let him down, Wigan beat aston Villa 2-0 . Ammusing as im a Wigan fan and he is also from wigan but refuses to ever back them.

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
I don't understand the point of accumulators. Isn't that just seriously reducing the chances of profiting because you need a series of events to occur?

cartel

259 posts

171 months

Monday 6th December 2010
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I had an 8 way accumulator once. I must have put in £30 and was on to win about £9500.

All of the results went my way until the last game, Inter vs Udinese. If I remember correctly inter where winning 1-0 and then Udinese equalised last 5 mins

Was not a happy bunny as I could have hedged about 50% of it but at least I did not loose much

cartel

259 posts

171 months

Monday 6th December 2010
quotequote all
ShadownINja said:
I don't understand the point of accumulators. Isn't that just seriously reducing the chances of profiting because you need a series of events to occur?
The multiples I play are win/loose/draw

Of course they reduce your odds of winning but instead of looking at odds like 1.8 you can easily get a likely 4 way up to 25-30/1

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
cartel said:
I had an 8 way accumulator once. I must have put in £30 and was on to win about £9500.

All of the results went my way until the last game, Inter vs Udinese. If I remember correctly inter where winning 1-0 and then Udinese equalised last 5 mins

Was not a happy bunny as I could have hedged about 50% of it but at least I did not loose much
If they scored in the last 5 minutes, you must have seen about £9000 profit as, for that game, the odds for Inter to win must have been ~1.1. Why did you not think to close? Aren't something like 20% of goals scored in the last 10 minutes inc injury time? I've often toyed with the idea of looking out for 1-0 games and laying the winning team with just minutes to go. Theoretically, though, it's a very efficient market.

cartel

259 posts

171 months

Monday 6th December 2010
quotequote all
ShadownINja said:
cartel said:
I had an 8 way accumulator once. I must have put in £30 and was on to win about £9500.

All of the results went my way until the last game, Inter vs Udinese. If I remember correctly inter where winning 1-0 and then Udinese equalised last 5 mins

Was not a happy bunny as I could have hedged about 50% of it but at least I did not loose much
If they scored in the last 5 minutes, you must have seen about £9000 profit as, for that game, the odds for Inter to win must have been ~1.1. Why did you not think to close? Aren't something like 20% of goals scored in the last 10 minutes inc injury time? I've often toyed with the idea of looking out for 1-0 games and laying the winning team with just minutes to go. Theoretically, though, it's a very efficient market.
This is not an inplay market. You can not open or close multiples after a game starts im afraid. That would be nice

What I should have done was put in £3-4k and lay Inter but that would 1/2 my profit but when you are into it of course Inter will hang on rolleyes

It still makes me angry thinking about this one hehe




Edited by cartel on Monday 6th December 11:51

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
cartel said:
This is not an inplay market. You can not open or close multiples after a game starts im afraid. That would be nice

What I should have done was put in £3-4k and lay Inter but that would 1/2 my profit but when you are into it of course Inter will hang on rolleyes

It still makes me angry thinking about this one hehe
Oh, right. That is annoying. Why did you decide that accumulator was worth doing?

cartel

259 posts

171 months

Monday 6th December 2010
quotequote all
ShadownINja said:
cartel said:
This is not an inplay market. You can not open or close multiples after a game starts im afraid. That would be nice

What I should have done was put in £3-4k and lay Inter but that would 1/2 my profit but when you are into it of course Inter will hang on rolleyes

It still makes me angry thinking about this one hehe
Oh, right. That is annoying. Why did you decide that accumulator was worth doing?
If you want to make any noticeable money betting football you either have to bet big, back underdogs (and still bet big) or play multiples

I chose multiples because it is more casual fun than serious gambling for me. I normally choose 4-8 win/loose/draws I think will happen and stick in £20-30. If you win, you win really nice. WHEN you loose, it does not really matter.

Don't do it as much any more but it was doing ok out of it a few years ago. Had a few wins and that is all you need to cover the many losses which are certain


ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
cartel said:
If you want to make any noticeable money betting football you either have to bet big, back underdogs (and still bet big) or play multiples

I chose multiples because it is more casual fun than serious gambling for me. I normally choose 4-8 win/loose/draws I think will happen and stick in £20-30. If you win, you win really nice. WHEN you loose, it does not really matter.

Don't do it as much any more but it was doing ok out of it a few years ago. Had a few wins and that is all you need to cover the many losses which are certain
Ah, right, in other words you have to know about the teams. I guess it makes sense.

cartel

259 posts

171 months

Monday 6th December 2010
quotequote all
ShadownINja said:
Ah, right, in other words you have to know about the teams. I guess it makes sense.
Yep. No fancy systems from me im afraid. More of a fundamentals guy when it comes to football wink

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
cartel said:
ShadownINja said:
Ah, right, in other words you have to know about the teams. I guess it makes sense.
Yep. No fancy systems from me im afraid. More of a fundamentals guy when it comes to football wink
That begs the question: when are you a systems guy? biggrin

BoRED S2upid

20,158 posts

245 months

Monday 6th December 2010
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I used to win every other week a few years back betting on a defender to score for Wrexham (Wrexham fan) big defender used to score a lot from corners but with it being the lower leagues the odds never changed 10/1 to score at any time every week, didn't matter if he had scored for the past 2 or 3 weeks running odds were the same its as if the bookies only focused on the first few leagues.

soad

33,301 posts

181 months

Monday 6th December 2010
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Not keen on placing any bets. Seems a (pretty much) sure way of losing some dosh hehe


ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
soad said:
Not keen on placing any bets. Seems a (pretty much) sure way of losing some dosh hehe
Well... you're not 100% guaranteed to lose money. silly

soad

33,301 posts

181 months

Monday 6th December 2010
quotequote all
ShadownINja said:
soad said:
Not keen on placing any bets. Seems a (pretty much) sure way of losing some dosh hehe
Well... you're not 100% guaranteed to lose money. silly
Yes, but those odds are stacked against me, right?

ShadownINja

Original Poster:

77,345 posts

287 months

Monday 6th December 2010
quotequote all
soad said:
ShadownINja said:
soad said:
Not keen on placing any bets. Seems a (pretty much) sure way of losing some dosh hehe
Well... you're not 100% guaranteed to lose money. silly
Yes, but those odds are stacked against me, right?
Technically, no. Only a couple of % if you take odds at the start of a game and just routinely back the favourite at the start of every game, if my understanding of things is correct. So, not "stacked".

I mean, if you'd backed the other team when Chelsea played their previous 5 games, you'd be in profit. Whereas, usually, you'd be in loss, so it kinda evens out less spread and commission.

Edited by ShadownINja on Monday 6th December 19:01