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Thread: OT Betting

  1. #1
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    OT Betting

    It's a mug's game, really, but I couldn't help noticing that the Five Star Movement are 1/3 at Coral to win most seats in the Italian elections tomorrow. It's a low price but I'd say almost a dead cert. Berlusconi will have a late charge because of the blanket positive coverage on his various media outlets but M5S should win comfortably.

    If you can afford to chuck a tenner away I'd have it on M5S and hopefully let the good people of Italy buy you a pint.

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    Quote Originally Posted by drillerpie View Post
    It's a mug's game, really.
    I've said it many times, it's only a mug's game if you're a mug, and fortunately there are plenty about.

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    Quote Originally Posted by Elite_Pie View Post
    I've said it many times, it's only a mug's game if you're a mug, and fortunately there are plenty about.
    I would say unfortunately rather than fortunately! But yes, there are, that's why I am wary of encouraging people to bet, having said that I do think M5S are overpriced, even at 1/3.

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    Quote Originally Posted by drillerpie View Post
    I would say unfortunately rather than fortunately! But yes, there are, that's why I am wary of encouraging people to bet, having said that I do think M5S are overpriced, even at 1/3.
    The mugs allow the bookies to make some excellent offers, and with Cheltenham on the horizon there will be plenty around. Seeing as you are talking politics, there is a guaranteed* win on offer in the next UK general election. If you bet 100 on Labour at evens, and 95.24 on the Tories at 11/10, your outlay of 195.24 will return 200 whichever party gets most seats. It's only a small profit margin, but if you find enough of these type of bets it's very hard to lose.

    * The only way you could lose is if LibDems, UKIP etc win most seats, but that won't happen.

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    Quote Originally Posted by Elite_Pie View Post
    The mugs allow the bookies to make some excellent offers, and with Cheltenham on the horizon there will be plenty around. Seeing as you are talking politics, there is a guaranteed* win on offer in the next UK general election. If you bet 100 on Labour at evens, and 95.24 on the Tories at 11/10, your outlay of 195.24 will return 200 whichever party gets most seats. It's only a small profit margin, but if you find enough of these type of bets it's very hard to lose.

    * The only way you could lose is if LibDems, UKIP etc win most seats, but that won't happen.

    Only mugs bet, bookies laugh at them.

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    Quote Originally Posted by JoePass View Post
    Only mugs bet, bookies laugh at them.
    Yet again, the board's village idiot posts on a topic he clearly knows nothing about.

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    I have yet to see a bankrupt bookie & I have yet to meet a gambler who doesn't claim that they don't come out winning so something doesn't add up However we all waste our money on something so as long as people get enjoyment out of it then it's up to them, live & let live.

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    Quote Originally Posted by Elite_Pie View Post
    Yet again, the board's village idiot posts on a topic he clearly knows nothing about.

    Hello Jeremy.

    I love betting, I rent a shop to a bookie, they always pay on time and up front, I wonder why lol xxxx Keep going in mate, I love spending the rent.

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    Growing up my old man went to the bookies more or less every day . He knew his horses and when he had a big win it was fish & chips for all of us. He was a good man and we never wanted for anything . His family came first and i got my love for Notts from him. In his later years he had a phone account with a bookies and would bet on things he knew nothing about , cricket , rugby etc. After he died my mother was shocked and upset to find how little he had in his accounts . Was he a mug , unfortunately yes. I don't gamble nor do my brother or sisters.

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    Quote Originally Posted by navypie View Post
    Growing up my old man went to the bookies more or less every day . He knew his horses and when he had a big win it was fish & chips for all of us. He was a good man and we never wanted for anything . His family came first and i got my love for Notts from him. In his later years he had a phone account with a bookies and would bet on things he knew nothing about , cricket , rugby etc. After he died my mother was shocked and upset to find how little he had in his accounts . Was he a mug , unfortunately yes. I don't gamble nor do my brother or sisters.

    Respect.

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    Quote Originally Posted by JoePass View Post
    Hello Jeremy.

    I love betting, I rent a shop to a bookie, they always pay on time and up front, I wonder why lol xxxx Keep going in mate, I love spending the rent.
    Further proof of your lack of knowledge on the subject. I've probably been in a bookies twice in the last 5 years, and both times it was to watch a race rather than place a bet. I'd guess that 99% of those who go in betting shops are the mugs, they are the ones who subsidise the many online offers that gives the shrewdies a decent chance of beating the odds.

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    Quote Originally Posted by Elite_Pie View Post
    Further proof of your lack of knowledge on the subject. I've probably been in a bookies twice in the last 5 years, and both times it was to watch a race rather than place a bet. I'd guess that 99% of those who go in betting shops are the mugs, they are the ones who subsidise the many online offers that gives the shrewdies a decent chance of beating the odds.


    Good for you. I feel much better now..

  13. #13
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    Quote Originally Posted by JoePass View Post
    Good for you. I feel much better now..
    Don't feel better, just stick to posting on subjects where you have at least a basic knowledge of the subject.

    Oops, just realised that would mean you permanently logging out.

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    Quote Originally Posted by Elite_Pie View Post
    Further proof of your lack of knowledge on the subject. I've probably been in a bookies twice in the last 5 years, and both times it was to watch a race rather than place a bet. I'd guess that 99% of those who go in betting shops are the mugs, they are the ones who subsidise the many online offers that gives the shrewdies a decent chance of beating the odds.
    I have a " lack of knowledge on the subject " . Lets hope when you pass your family don't have the same shock mine did.

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    Quote Originally Posted by JoePass View Post
    Respect.
    Thank you.

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    Quote Originally Posted by navypie View Post
    I have a " lack of knowledge on the subject " . Lets hope when you pass your family don't have the same shock mine did.
    It will be a pleasant surprise to my family rather than a shock when I'm gone, but at my age it does remind me that I should leave them a list of all my accounts and passwords. The golden rule of betting - never bet more than you can afford to lose - was rammed home to me as a 14 year old when my whole week's pocket money ended up with the bookies, that week without sweets taught me a valuable lesson.
    I'm only a small stakes gambler, if I went in with large amounts it would actually matter and spoil the fun. I enjoy treating it as a bit of a game, me v the bookies, and there are not many hobbies that leave you a few quid better off.

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    Quote Originally Posted by Elite_Pie View Post
    It will be a pleasant surprise to my family rather than a shock when I'm gone, but at my age it does remind me that I should leave them a list of all my accounts and passwords. The golden rule of betting - never bet more than you can afford to lose - was rammed home to me as a 14 year old when my whole week's pocket money ended up with the bookies, that week without sweets taught me a valuable lesson.
    I'm only a small stakes gambler, if I went in with large amounts it would actually matter and spoil the fun. I enjoy treating it as a bit of a game, me v the bookies, and there are not many hobbies that leave you a few quid better off.


    lol.....

  18. #18
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    Quote Originally Posted by Elite_Pie View Post
    It will be a pleasant surprise to my family rather than a shock when I'm gone, but at my age it does remind me that I should leave them a list of all my accounts and passwords. The golden rule of betting - never bet more than you can afford to lose - was rammed home to me as a 14 year old when my whole week's pocket money ended up with the bookies, that week without sweets taught me a valuable lesson.
    I'm only a small stakes gambler, if I went in with large amounts it would actually matter and spoil the fun. I enjoy treating it as a bit of a game, me v the bookies, and there are not many hobbies that leave you a few quid better off.
    You miss my point completely . My dad was good with the horses, he always did well . When it became a lot easier to sit in his armchair , good luck to you and your family.
    Last edited by navypie; 03-03-2018 at 08:10 PM.

  19. #19
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    Quote Originally Posted by navypie View Post
    You miss my point completely . My dad was good with the horses, he always did well . When it became a lot easier to sit in his armchair , good luck to you and your family.
    Sorry to say it, but your dad sounds like a mug punter, and I think you are the one missing the point. Going into the bookies and betting with them over the phone is a sure fire way to lose money. The bookies make a guaranteed profit because they build in a margin to cover their costs and a bit more. For every 100 staked, they pay around 90 back. In the old days of 10% betting tax on top of the bookies margins, it was almost impossible to beat them. That only changed when betting went online, and what they make from the mug punters allows them to make some pretty spectacular offers. The advent of things like 'best odds guaranteed' and 'money back if your selection finishes second to the favourite' means that if you are selective it's really not that difficult to make a few quid.

  20. #20
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    Quote Originally Posted by Elite_Pie View Post
    Sorry to say it, but your dad sounds like a mug punter, and I think you are the one missing the point. Going into the bookies and betting with them over the phone is a sure fire way to lose money. The bookies make a guaranteed profit because they build in a margin to cover their costs and a bit more. For every 100 staked, they pay around 90 back. In the old days of 10% betting tax on top of the bookies margins, it was almost impossible to beat them. That only changed when betting went online, and what they make from the mug punters allows them to make some pretty spectacular offers. The advent of things like 'best odds guaranteed' and 'money back if your selection finishes second to the favourite' means that if you are selective it's really not that difficult to make a few quid.


    Bookies never lose, mugs do.

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