I had a client who I had to do due diligence on and he won 4 jackpots on online slots totalling nearly £360k. I would have thought the chances of that ridiculously high.Originally Posted by inspector gadget
Who says the house always wins?
Anyone who sees sickening things like this:
https://www.standard.co.uk/business/...-a3995891.html
"Bet365 ... took £52.6 billion in wagers in the year to March 25, up 12% on the previous year."
"While the online gambling sector has ballooned in recent years, it has also come in for increasing criticism over its impact on some customers who have become addicted or accrued large debts.
Labour's deputy leader Tom Watson recently described gambling as a "public health emergency".
Bet365 said it was continuing to develop strategies to identify gamblers at risk and to "help customers bet responsibly".
Ms Coates lives in Cheshire with her husband, Richard Smith, who also serves as the firm's property director, and her five children.
The group also owns Stoke City Football Club, which made a loss of £21m."
And that is just one of many companies that help you build a better lifestyle ?
Same story BBC
https://www.bbc.co.uk/news/business-46289499
"Once is happenstance. Twice is coincidence. The third time it's enemy action."
'Populism, the last refuge of a Tory scoundrel'.
CBE for services to the community and business! And they say satire’s dead.
And, of course, this is just one betting business.
Another (Texas Hold'em) poker player here, as my user name may allude to. I used to play online averaging 1.5-2h a day playing sit-and-go tournaments and had a return of investment of around 10% which is pretty high in poker terms, unfortunately the stakes I played at meant that it only worked out as $1 p/h so it was never something I was going to get rich at. I did have a short spell playing at double my normal stake however it started off on a downswing (downswings occurred at my regular stake as well), I stopped playing and it's only in the last month I've thought about starting it up again. I'm very fortunate in that I've never been one to chase losses, going "on tilt" is something I've always been able to avoid and I'm thankful for that. I do play the occasional cash game with a group of fellow poker mates, our next game is Friday week, and we play at stakes that are high enough to make you think about what you're doing without it being so serious that anyone would lose their shirt. As has been said in a post before mine I don't consider it to be gambling, it's more down to knowing your opponent and being aware of pot odds, value betting and so on - you can't control the cards at play however you can control how you play them.
I have a National Lottery account that I set up a few years back after getting sick of having "what if" conversations without ever playing it, it's set up to play two lines every week on the National and one line a week on the Euro. Apart from a rare visit to the dogs I don't bet/gamble on anything else, not even F1 of which I'm a massive fan of. That's not because I think that it's a mug's game, I just don't get a buzz from it.
Lottery now and again , came close in the works syndicate had 5 numbers and one number out for the sixth, then a few years later a group in the next office to ours won 47million , between 6 or 7 of them ,
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I gamble most days tbh
Weekends and big race meetings much heavier
Can you make it pay? Yes you can
But it takes patience and a lot of study
The downside is and already mentioned that constant wins results in bookmakers simply restricting your bets
So bet365 will take (I kid you not) 15p max... pence
Hills similar
Coral zero
Betway £1
I have a decent relationship with Betfair sports book, skybet top me at £100
I only bet heavily on jumps or hurdle races
Or - group races U.K. on the flat
I tend to betvtowards the front of the markets on strong class races
It works for me
I record all of my bets and am happy to take £40-£50 profit on a midweek play
Weekends I aim higher as bet more
My turnover varies from £200-£500 a week
I’m happy with an average overall return of ten percent on that
I also bet ante post
This is higher risk as you lose your money if the horse doesn’t run
For example I have 14/1 on a horse for March champion hurdle
5/1 on a horse for October 2019 Arc
It’s a long game with higher risks
Not huge stakes
I enjoy the sport and go racing often
Never step foot in a bookies
Would tgouch casinos or online games
If you specialise in a sport you become more effective
A friend of mine bets only on basketball - he dies v v well
Put him on a racecourse and no good etc
Gambling can be fun - youteca gambler or not
Nobody puts a gun to my head to bet
Plus it doesn’t effect my lifestyle in a negative way
So much better than 'dead' camel racing I find
Good luck everybody. Have a good one.
Not my game at all, but I have worked with people on low wages who were betting in their lunch/tea breaks on their mobile phones and loosing their days pay before the day was even over!
Mugs game! ....online/phone betting should be banned in my opinion as it’s all too easy to access for the weak and desperate.
Perhaps I should add they were playing roulette/ blackjack etc and not betting on horses.
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Last edited by dizz; 21st November 2018 at 18:55.
There is absolutely nothing wrong with an odd flutter as long as you are only betting money you can afford to lose.
I go to Cheltenham Festival every year and enjoy a bet there. I used to go to the horses more often (and bet small) but rarely have the free time nowadays.
The Lottery every now and then out of pure desperation.
No one will ever convince me it isn’t ‘managed’ in some way though!
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Yes mainly football and golf £5 or tenner at a time, i only bet where there is value.
If a good football team goes a goal down then the odds get far more attractive I stick a bit on. I follow golf so have a clue who is on form.
I dont do horses as i have no idea on form.
This year i'm about £200 up mainly due to Molinari winning the open and Bubba winning a match play event a few months ago.
Arsenal are the football team I have probably won most on, as a Spurs supporter it makes me chuckle.
If you are making 10% on your turnover then you should seriously up your staking. There are many shrewd professionals who would love to make half of that.
Interesting to read that you are not allowed to play if you win. Never realised that.
You simply cannot get the money in to do so
This eve I have managed to get £100 on a horse in the 5-30 Wolverhampton race tomorrow
I got £50 at 7/2
I wanted £100
The £50 was “referred to traders”
I was shocked to see theyvacceoted it
The same horse is now 2/1
I have laid out of the bet leaving me £150 running for free
So I have zero risk of funds
Total outlay £100 bet to win
£100 lay bet at 2/1 that’s £200
If it wins I get £350 return
Take off the £200 lay
Returns £150 profit
If it loses I lose nothing as I’ve laid my original bet off
It’s a v v famous trainers last ever runner
They’ll probs let him have it
£300 ties up until tomorrow eve with the prospect of a “free” £150
Mugs who go into betting shops have it coming....
What does 'laid out a bet mean'? Sorry for asking :-)
As above
For 90% of people a gamble is harmless fun as long as it stays affordable.
Twice won £1000 on bets and biggest loss was £400 when I bet on Roy Jones to beat Joe Calzaghe.
Matched betting isn’t it ?
And matched betting means? Hedging it?
I did matched betting for a while but eventually restricted (being ‘gubbed’ it’s called) from several bookies. Not actually banned but stakes limited to pence.
Bookies especially scrutinise horse racing and far easier to get away with football betting. Money can be made matched betting but treat it as another job and don’t get emotionally involved.
Something around:
Taking advantage of the free bets offers on betting websites
Betting on a football team winning on a bookmakers website
Betting on the same team not winning (lay bet) on a betting exchange
Or something like that as I don’t really know as I don’t bet.
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Yep, and they're the ones who believe that the 'big win' will get them out of poverty when the reverse is true!
There's more of them than big wins....
Best Regards - Peter
I'd hate to be with you when you're on your own.
If it's the horse I'm thinking about with the trainer who has a hot daughter, I reckon that horse will go off 6/4 perhaps even 5/4 tomorrow.
In effect yes - hedging
But the horse at 10/1 to £100
Sell the horse at 5/1 to £100
You keep the other 5 points which if it wins you take £500
No risk other than if the horse doesn’t shorten
Bookie hate it
It involves using the betting exchange
Basic maths
You can spot a bookie who is long
You can then sell it quickly at shorter
Hi keep the profit if it wins
Note complex - but in running you can re buy and sell the potential big win to guarantee a profit regardless of the result
Lots of tutorials online about it
Bookies will soon close you down if you only ever but their long price
With the amount of hours he will be putting in he’ll effectively be working for peanuts. Ok if you don’t value your own time I suppose.
That would give me the hump.
Taking prices the night before will get you restricted very quickly .It doesn't matter if the horse wins or loses if you are constantly beating SP the bookies won't be happy, in their mind you are an arber.Bet 365 close people's accounts very quickly ,why do you think Mrs coates paid herself such a huge bonus ?
Ps mister cumani's horse will go off far too short .
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It gives me the hump.
Cheating. Anyone expected anything else?
Someone who lies about the little things will lie about the big things too.
I think I'd rather study 'Mandarin'.
n2
Likewise mugs that fall for tall stories.
Last edited by number2; 22nd November 2018 at 09:24.
"Once is happenstance. Twice is coincidence. The third time it's enemy action."
'Populism, the last refuge of a Tory scoundrel'.
Utter nonsense
Yeah, that was also expected. So no surprise.
(I am afraid you probably didn't understand the context of my remark).
Someone who lies about the little things will lie about the big things too.
Starting to understand it. How do you sell a horse in this case? Can you recommend a tutorial? BTW: just for the fun of it :-)
Weird to read that it is so hard to bet more than a couple of pounds. I really thought I could walk in and bet GBP 500
This, my brothers mate had a system and made a living from it, that is until he was banned everywhere.
I put about an hour a day to it
If you don’t gamble you don’t gamble
Backing and laying is just maths
The Cumani horse in the 5-30 is now even money
Way too short
Gutted I sold it at 2/1
Could have had potentially much more running for me
It still has to win for me to pick up anything in this sole case
I have seen people lose everything gambling
Marriages
Houses
Lives
Like anything if it’s controlled it’s ok
I do however believe it’s far too accessible and advertised too heavily
“When the fun stops” is an awful strap line
However - horse racing is a great spectator sport - second only numerically to football in recent surveys
Good luck to those who have a bash
If it’s stocks and shares it’s all above board and worthy.... right...
When younger we used to go along to Wimbledon for the dogs, just for giggles really but not now. My grandad was a devil for the gee-gees and always said you'll never see a poor bookie.
The only thing I gamble on now is a watch without box & papers.
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Last edited by bigvic; 22nd November 2018 at 19:16.
A touch of odds on now...
In regards to "Matched Betting" - you can stop yourselves from being "gubbed" or "stake-restricted" by too many bookmakers with a combination of placing "mug" bets, and sticking to well-known sporting events/leagues. You just have to be smart about it.
To echo a few comments above, it is a nice earner, but as a side-hustle if you have the time. It definitely shouldn't replace a real job due to how unreliable the income is.
I think it's a great rush to gamble......... Just not for me.
Finished second
Horrendous luck - wasn’t to be
Not a penny lost
Good luck to the winner
That sort of defeats the object... the idea is that you are using "bonus funds" (free bets) from two sites, betting on both outcomes of an event to guarantee a win. The margins are already really small, so placing random bets on other events just eats up your profits - there is no point at all doing it.
A friend of mine got into that quite early and made a good few quid but he had a separate email account with 60+ betting websites he subscribed to. It was a full time job keeping track of them all, and while i appreciate that it's guaranteed money, grinding was never all that appealing to me.
I gather most sites have brought in wagering requirements now (here's £100 free, but with 15x wagering attached - so essentially you need to gamble £1500 before you can withdraw anything).
I didn't have the discipline for Matched Betting anyway, i installed K9 blocking software on my computer in about 2010, and haven't gambled online since.
I used to be in a lottery syndicate at work and we hardly ever won anything. Apart from that, and the odd work sweepstake on the Grand National, I don't gamble.
There are two betting shops in the parade of shops not far from where I live and they are both open seven days a week and you can see the fixed odds betting machines, which are rarely unoccupied. What's troubling is that these shops are deliberately placed roughly equidistant between two housing estates which are known to have high levels of unemployment and deprivation. I often see people coming into the local Coop to buy their scratch cards before they go into one of the betting shops. I'm amazed at how much money they spend on them. Maybe they are 'reinvesting' their winnings. Who knows?
As far as the national lottery is concerned, I heard an interesting statistic on the radio a few weeks ago. Apparently, if you buy a lottery ticket the day before the draw, you're more likely to die in the intervening time between buying the ticket and the draw taking place than you are of winning the jackpot.
The 'mug' bets in question would also be laid on another site or betting exchange - with plenty of close matched opportunities, you can find a 99.5%+ match, meaning a 'mug' bet of £100 actually loses you 50p.
Mug betting is key to prolonging your relationship with bookmakers, as they're getting better at detecting matched betters or 'bonus abusers'
Personally I ran through a bunch of welcome offers and don't have the time to dedicate to the daily grinding, although occasionally I'll get emailed some higher quality offers I'll take the time to do - usually around big sporting events.
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Online poker for very small stakes (around €1.50), lotto and horses every now and again (very rarely though). Bit of fun and so long as it doesn't affect me or my family then I'll continue. Not exactly a high roller🤣
I used to love those poker stakes but as I got better, the low stakes got frustrating.
There is a saying something along the lines of "you can't make sophisticated plays against unsophisticated players". Sounds quite insulting but it's not really, it just means as you learn some of the more intricate aspects of the game and start to use your table position and implement ranges you can definitely profit against players at a similar level (bluffing, trapping and polarising your hand as starters).
Playing the 5c/10c tables with ten dollars in front was a nightmare, you make what you think is a boss move, 3 barrel the board from the button maybe, and get called down with Ace High from some dude playing way out of position.
Really you need to be playing minimum $.50/$1 blinds for the serious strategy players, so buying into each table for $100 (100x the big blind, although short-stacking is still popular - personally I think it costs you value especially if you get a couple of LAG players active). Most bankroll management systems suggest sitting on 100 "buy-ins" to survive the down-swings, which would require a $10,000 bankroll just to maintain that stake. Personally I was profitable at that stake playing 2 tables. I did experiment with 4 tabling, but it was a bit of a disaster. 4 tables was fine for tournaments where "ABC Poker" is enough to see you through the early stages, but cash game poker against real opponents took far more attention.
Even so, I could never justify holding that in reserve for playing poker, I don't think I've even made 10k this year!
Pity because from everything else gambling related, poker is about the only thing I miss. I still find the game relaxing.
https://www.dailymail.co.uk/news/art...e-gambler.html
I smell a rat!
I find the flood of gambling advertising on television a cause for concern.
Children as young as 11 have problems with gambling, while almost half a million kids have admitted to betting regularly say the Gambling Commission.
The Commission, who produced the research, say children who have problems with gambling, between the age of 11 and 16, has risen to more than 50,000 in two years.
They also revealed more children had placed a bet than had been involved in other activities that are illegal for kids, such as drinking.
You may have seen adverts for betting on television, especially during football or other sports, and the research shows that two-thirds of children are seeing lots of gambling ads on TV.
LINKY
Someone who lies about the little things will lie about the big things too.
I've never even done the lottery. I don't consider myself to be a particularly lucky person when it comes to matters of chance, so don't bother. I don't even do raffles, tombolas or "lucky" dip type stuff. No point, I won't win anything.
I do consider myself to be lucky in other aspects of my life, so it's not that I'm generally pessimistic.
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