Deleted
Joined: January 1970
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Post by Deleted on Feb 11, 2020 17:14:43 GMT
Don't understand your point. Brazil were more likely to beat an over-hyped England team, objective bookmakers knew that and the odds reflected it.If your logic was correct, all of the money would have gone onto England and Brazil would have ended up at something like 10-1. Bookmakers take advantage of people who think that they understand the system and how odds work. Even if somebody does, somehow, work out a winning formula, The House won't pay, just ask Phil Ivey. Bambi - are you deliberately being obtuse? The bookies would have had NO risk going into that Brazil / England game. Stupid patriotic punters would have been putting £5, £10, £20 on an England win. Betting is a global industry however. So despite the heavy backing of England (by largely the English), this would have been off-set by professional gamblers and punters in France, Germany, Brazil etc putting money on the draw or a Brazil win. The bookies don't "know" anything. No-body "knows" the outcome of future events. However large numbers of people putting money where their mouth is, and the odds then adjusting to reflect that - is usually a good indicator of what the future may hold. I applaud your naivety in thinking that odds aren't manipulated to ensure that The House always wins. Even with fixed odds, such as roulette, you can't win by just continually placing the same bet and doubling your stake as The House will almost always have a maximum stake.
Betting is a mugs' game.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,055
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Post by eppinggas on Feb 11, 2020 17:14:49 GMT
Bambi - are you deliberately being obtuse? Bambi? Deliberately obtuse? Doh!
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Post by a more piratey game on Feb 11, 2020 17:16:02 GMT
Bambi - are you deliberately being obtuse? Bambi? Deliberately obtuse? beat me to it
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,055
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Post by eppinggas on Feb 11, 2020 17:37:05 GMT
Bambi - are you deliberately being obtuse? The bookies would have had NO risk going into that Brazil / England game. Stupid patriotic punters would have been putting £5, £10, £20 on an England win. Betting is a global industry however. So despite the heavy backing of England (by largely the English), this would have been off-set by professional gamblers and punters in France, Germany, Brazil etc putting money on the draw or a Brazil win. The bookies don't "know" anything. No-body "knows" the outcome of future events. However large numbers of people putting money where their mouth is, and the odds then adjusting to reflect that - is usually a good indicator of what the future may hold. I applaud your naivety in thinking that odds aren't manipulated to ensure that the house always wins. Even with fixed odds, such as roulette, you can't win by just continually placing the same bet and doubling your stake as The House will almost always have a maximum stake. Betting is a mugs' game. OK - for the hard of understanding... The odds on specific sporting events are (largely) not manipulated. Bookies do not need to manipulate them in order for the house to ALWAYS win. There is enough money gambled on the only 3 possible scenarios (win/draw/loss) for the bookie to make his margin WITH NO RISK. If you are talking about "first goal scorer" or "no. of throw-ins" or "at what minute does Bambi cast aspersions about the relative fitness of the referee, or whatever else these idiots put their money on - I would suggest that the odds generally available are poor. Anything to do with Casinos / fixed odd machines / roulette / and even Blackjack (where a decent punter "almost" has a 50/50 chance of success) are for morons. YOU WILL ALWAYS LOSE IN THE LONG RUN. End of. Betting is largely a mugs game. We are largely agreed. But it's a grey and very blurry line between a "gamble" and "taking a short term investment decision based on all the information available and running a detailed scenario analysis".
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harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,394
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Post by harrybuckle on Feb 11, 2020 17:46:17 GMT
I applaud your naivety in thinking that odds aren't manipulated to ensure that the house always wins. Even with fixed odds, such as roulette, you can't win by just continually placing the same bet and doubling your stake as The House will almost always have a maximum stake. Betting is a mugs' game. OK - for the hard of understanding... The odds on specific sporting events are (largely) not manipulated. Bookies do not need to manipulate them in order for the house to ALWAYS win. There is enough money gambled on the only 3 possible scenarios (win/draw/loss) for the bookie to make his margin WITH NO RISK. If you are talking about "first goal scorer" or "no. of throw-ins" or "at what minute does Bambi cast aspersions about the relative fitness of the referee, or whatever else these idiots put their money on - I would suggest that the odds generally available are poor. Anything to do with Casinos / fixed odd machines / roulette / and even Blackjack (where a decent punter "almost" has a 50/50 chance of success) are for morons. YOU WILL ALWAYS LOSE IN THE LONG RUN. End of. Betting is largely a mugs game. We are largely agreed. But it's a grey and very blurry line between a "gamble" and "taking a short term investment decision based on all the information available and running a detailed scenario analysis". wow bet you got an economics degree off the internet ! Gamble aware ..if it hurts STOP scratching it...your head that is
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 11, 2020 18:02:45 GMT
I applaud your naivety in thinking that odds aren't manipulated to ensure that the house always wins. Even with fixed odds, such as roulette, you can't win by just continually placing the same bet and doubling your stake as The House will almost always have a maximum stake. Betting is a mugs' game. OK - for the hard of understanding... The odds on specific sporting events are (largely) not manipulated. Bookies do not need to manipulate them in order for the house to ALWAYS win. There is enough money gambled on the only 3 possible scenarios (win/draw/loss) for the bookie to make his margin WITH NO RISK. If you are talking about "first goal scorer" or "no. of throw-ins" or "at what minute does Bambi cast aspersions about the relative fitness of the referee, or whatever else these idiots put their money on - I would suggest that the odds generally available are poor. Anything to do with Casinos / fixed odd machines / roulette / and even Blackjack (where a decent punter "almost" has a 50/50 chance of success) are for morons. YOU WILL ALWAYS LOSE IN THE LONG RUN. End of. Betting is largely a mugs game. We are largely agreed. But it's a grey and very blurry line between a "gamble" and "taking a short term investment decision based on all the information available and running a detailed scenario analysis". Absolutely staggered. ''Short term investment decision''. You sound like the person about to lose his wages who knows what's going to happen but keeps telling himself that, with just a bit of luck, he's going to arrive home later with an expensive bottle of wine for his Wife and they'll have a lovely evening. You know what actually happens, don't you. And no, the punter doesn't even come close to 50/50 on Blackjack. It's so fixed that they even ban you from having a good memory and remembering what cards have already been used. Betting is a scourge on our society, but it's not like drinking, or driving too fast, it happens silently, out of sight, but it still wrecks lives.
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Deleted
Joined: January 1970
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Post by Deleted on Feb 11, 2020 18:37:48 GMT
Bambi? Deliberately obtuse? beat me to it We all need a hobby
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Deleted
Joined: January 1970
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Post by Deleted on Feb 11, 2020 19:00:19 GMT
Agreed re gambling being a scourge. It causes untold misery, usually to families that have little or nothing to lose. How TV advertising of sites where you can lose lots and quickly, is allowed, is beyond me.
Anyway, it's cold and we're going to win tonight.
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harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,394
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Post by harrybuckle on Feb 11, 2020 19:05:51 GMT
Agreed re gambling being a scourge. It causes untold misery, usually to families that have little or nothing to lose. How TV advertising of sites where you can lose lots and quickly, is allowed, is beyond me. Anyway, it's cold and we're going to win tonight. should you not be sorting this corona virus instead of wasting time on here ? Doctor! Doctor! Thompson Twins I saw you there, just standing there And I thought I was only dreaming yeah I kissed you then, then once again You said you would come and dance with me Dance with me across the sea And we could feel the motion of a thousand dreams Doctor, doctor, can't you see I'm burning, burning Oh doctor, doctor, is this love I'm feeling? Ships at night give such delight We all leave before the morning light Please don't go no please don't go 'Cause I don't want to stay here on my own Oh Doctor, doctor, can't you see I'm burning, burning Oh doctor, doctor, is this love I'm feeling? Doctor, doctor, can't you see I'm burning, burning Oh doctor, doctor, is this love I'm feeling? Fever breathe your love on me (breathe your love) Take away my name (take away) Fever lay your hands on me (breathe your love) Never be the same Oh Doctor, doctor, can't you see I'm burning, burning Oh doctor, doctor, is this love I'm feeling? Oh doctor, doctor, can't you see I'm burning, burning Oh doctor, doctor, is this love I'm feeling? Come with me and make believe We can travel to eternity
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 11, 2020 19:10:49 GMT
Mike, thank you for the lovely attempt at wooing me, especially so close to Valentine's Day. I'll pass if that's ok and when I'm back in Bristol tomorrow, we can talk about how my wife won't have your guts for garters. She can get quite protective...
UTG.
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harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,394
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Post by harrybuckle on Feb 11, 2020 19:27:37 GMT
Mike, thank you for the lovely attempt at wooing me, especially so close to Valentine's Day. I'll pass if that's ok and when I'm back in Bristol tomorrow, we can talk about how my wife won't have your guts for garters. She can get quite protective... UTG. Dr Shipman and Mrs Shipman I presume ? no wonder you keep a low profile. Have you ordered the roses ?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 11, 2020 19:30:46 GMT
Mike, thank you for the lovely attempt at wooing me, especially so close to Valentine's Day. I'll pass if that's ok and when I'm back in Bristol tomorrow, we can talk about how my wife won't have your guts for garters. She can get quite protective... UTG. Dr Shipman and Mrs Shipman I presume ? no wonder you keep a low profile. Have you ordered the roses ? 😁 Milk Tray. Just slightly classier.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 11, 2020 20:33:13 GMT
Bet 365 boss denise coates earned £323m last year making her the best paid executive in the uk. Something very badly wrong with that imo.
Anyway everyone i know who bets say they about break even so god knows how she got that much money?
Regarding rovers,where is the new centre back harries?
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Post by CabbagePatchBlues on Feb 12, 2020 10:47:28 GMT
My Uncle Fred was a miserable so-and-so, but then I only ever met him on his way home from the bookies
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,240
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Post by kingswood Polak on Feb 12, 2020 12:01:59 GMT
Agreed re gambling being a scourge. It causes untold misery, usually to families that have little or nothing to lose. How TV advertising of sites where you can lose lots and quickly, is allowed, is beyond me. Anyway, it's cold and we're going to win tonight. I got into 14K of debt and well before online stuff. I had supportive parents who paid it & it took me close to 10 years of having mum take money out of my then low earnings, to pay it back. They maybe gone but I won’t break my promise to never gamble again. I am sure I’m the only one, out of the bunch I meet up with, who doesn’t do the accumulators.
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