Armstrong 1.66 : 1 Ulrich 2.25 : 1 Beloki 14 : 1 Hamilton 14 : 1 Mayo 20 : 1
I'd be tempted by a punt on Ulrich and a small amount down on Beloki as an outside at those odds. Hmmmmmmmmm
You will never beat the bookies - get lucky occassionally maybe but as a way of making money its only slightly better odds than supporting your friendly Nigerian offering cash.
In "]news:[email hidden], Tony Raven <[email hidden]> typed:
Quoted message said:
bikingbill said:
hmmm
Armstrong 1.66 : 1 Ulrich 2.25 : 1 Beloki 14 : 1 Hamilton 14 : 1 Mayo 20 : 1
I'd be tempted by a punt on Ulrich and a small amount down on Beloki as an outside at those odds. Hmmmmmmmmm
You will never beat the bookies - get lucky occassionally maybe but as a way of making money its only slightly better odds than supporting your friendly Nigerian offering cash.
: You will never beat the bookies - get lucky occassionally maybe but as a way of making money its : only slightly better odds than supporting your friendly Nigerian offering cash.
Indeed. Having never made a bet before I might be tempted to now though for some fun.
Arthur
-- Arthur Clune clune.orgclune.orgOpen ↗ "Technolibertarians make a philosophy out of a personality defect" - Paulina Borsook
You will never beat the bookies - get lucky occassionally maybe but as a way of making money its only slightly better odds than supporting your friendly Nigerian offering cash.
You only have to have significantly better judgement than the typical punter. Which in _some_ cases, is not too hard.
James
(Veteran of one successful bet - yes of course there was luck involved, but mostly it was just a matter of judging that the odds were unrealistic.)
Indeed. Having never made a bet before I might be tempted to now though for some fun.
It's the fun that's the key. Gambling is a game, and if you enjoy doing the game even if you come out financially behind then that's okay. A bit like spending money on bikes.
Pete. -- Peter Clinch University of Dundee Tel 44 1382 660111 ext. 33637 Medical Physics, Ninewells Hospital Fax 44 1382 640177 Dundee DD1 9SY Scotland UK net [email hidden] dundee.ac.uk~pjclinchOpen ↗
You only have to have significantly better judgement than the typical punter. Which in _some_ cases, is not too hard.
That's exactly what they would like you to believe. The number of punters that have their "system" to beat the odds is legion. If you do get to the point where you start to turn the advantage such as becoming a blackjack card counter, they will ban you from betting.
"Tony Raven" <[email hidden]> wrote in message news:<[email hidden]>...
Quoted message said:
James Annan said:
You only have to have significantly better judgement than the typical punter. Which in _some_ cases, is not too hard.
That's exactly what they would like you to believe.
Although it is not exactly run-of-the-mill regular betting, if you think about occasional events such as various Oxford-Cambridge matches where many punters probably bet on tradition and last year's result, it's not hard to see how an intelligent judgement may beat the odds. In my case, the `underdog' (according to the odds) had substantially outperformed the `favourite' over recent weeks (and this was not inside information, but public domain). Of course there was still a bit of luck that the `underdog' actually _did_ win, but it was certainly a good bet to take at the odds offered.
I don't expect to repeat the performance any time soon.
A sound bet is not necessarily one you are likely to win; it's one where the true odds are shorter than those offered by the bookie.
Ah but you never know what the true odds are. You have a view on the odds as does the bookie and you have an outcome, which is you win or you lose, that tells you nothing about the true odds. Presumably every bet you place you are assessing the odds as better than the bookie does, otherwise its illogical to place the bet.
"Tony Raven" <[email hidden]> wrote in message "]news:[email hidden]...
Quoted message said:
Dave Kahn said:
A sound bet is not necessarily one you are likely to win; it's one where the true odds are shorter than those offered by the bookie.
Ah but you never know what the true odds are. You have a view on the odds
as
Quoted message said:
does the bookie and you have an outcome, which is you win or you lose,
that
Quoted message said:
tells you nothing about the true odds. Presumably every bet you place you
are
Quoted message said:
assessing the odds as better than the bookie does, otherwise its illogical
to
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place the bet.
For totaliser betting, you definitely only have to price the bet better than the general public.
I don't know if bookies price the odds according to their view about the true odds or according to what will sell best. If the latter, then they can be beaten, if only by a minority of the people.
I don't know if bookies price the odds according to their view about the true odds or according to what will sell best. If the latter, then they can be beaten, if only by a minority of the people.
I always assumed they price the odds to balance the books, so that (maybe with a bit of laying off) they win whatever the result.