I'm No Betting Man But----

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Whiskyman
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I'm No Betting Man But----

Post by Whiskyman » Fri Oct 04, 2019 8:21 pm

This has got to be bollocks surely.

According to the Evening Standard the odds for tomorrow's game are as follows:
West Ham to win 21-10
Palace to win 3-1
Draw 14-5

Now unless I've suddenly lost the ability to calculate if you place a £100 bet on each outcome at these odds this is what happens:

West Ham win--you get back £310 (£210 winnings + stake)
Palace win--you get back £400 (£300 winnings plus stake)
Draw--you get back £380 (£280 winnings plus stake)

So you lay out £300 and the minimum you get back is £310. It's enough to make anyone take up gambling. :lol:
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jhammers
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Re: I'm No Betting Man But----

Post by jhammers » Fri Oct 04, 2019 11:09 pm

I wish we were 21/10 whisky!

The best I've seen is 21/20 but most have it at evens. Still quite good odds in my opinion!
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Re: I'm No Betting Man But----

Post by Whiskyman » Sat Oct 05, 2019 12:46 am

jhammers wrote:
Fri Oct 04, 2019 11:09 pm
I wish we were 21/10 whisky!

The best I've seen is 21/20 but most have it at evens. Still quite good odds in my opinion!
Must admit mate that makes more sense. But-----

https://www.standard.co.uk/sport/footba ... 53706.html

I suppose the secret is finding out who's offering those odds.
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TRADITION--Just because we've always done it like this doesn't mean it's not incredibly SILLY

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Newmarket
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Re: I'm No Betting Man But----

Post by Newmarket » Sat Oct 05, 2019 8:21 am

Those are the odds available (at that time) on the Betfair Exchange .
NOT a bookmaker .

Arbitrage bets are pretty much a thing of the past but it’s still possible occasionally on the exchange.
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Re: I'm No Betting Man But----

Post by mkhammer » Sat Oct 05, 2019 11:18 am

Whiskyman wrote:
Fri Oct 04, 2019 8:21 pm
This has got to be bollocks surely.

According to the Evening Standard the odds for tomorrow's game are as follows:
West Ham to win 21-10
Palace to win 3-1
Draw 14-5

Now unless I've suddenly lost the ability to calculate if you place a £100 bet on each outcome at these odds this is what happens:

West Ham win--you get back £310 (£210 winnings + stake)
Palace win--you get back £400 (£300 winnings plus stake)
Draw--you get back £380 (£280 winnings plus stake)

So you lay out £300 and the minimum you get back is £310. It's enough to make anyone take up gambling. :lol:
They got the odds wrong Whiskey...like J says Irons are 21/20,makes all the difference...
Odds like that on a footie match and I'd be flying to games in a private jet..... :lol:


Professional bettors,look at a profit of maybe 20% on turnover...what you actually stake..
so for £300 stake a profit of £60 is acceptable..
That's like an overall profit Margin ..not individual bets.
So you Stake a grand a week...your looking a hitting £200 profit.

There's guys on the exchanges will load up thousands,if they can at crazy odds,will bet A grand to win
a ton,less at times..
Backing a team 1-0 up in the 88th min for instance,they take a hit now and again,but win 95% of
time which is enough for profit...which is what it's all about..

I'll stick with me 20 quids on the Irons.... :lol:
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Re: I'm No Betting Man But----

Post by Whiskyman » Sat Oct 05, 2019 3:33 pm

mkhammer wrote:
Sat Oct 05, 2019 11:18 am
Whiskyman wrote:
Fri Oct 04, 2019 8:21 pm
This has got to be bollocks surely.

According to the Evening Standard the odds for tomorrow's game are as follows:
West Ham to win 21-10
Palace to win 3-1
Draw 14-5

Now unless I've suddenly lost the ability to calculate if you place a £100 bet on each outcome at these odds this is what happens:

West Ham win--you get back £310 (£210 winnings + stake)
Palace win--you get back £400 (£300 winnings plus stake)
Draw--you get back £380 (£280 winnings plus stake)

So you lay out £300 and the minimum you get back is £310. It's enough to make anyone take up gambling. :lol:
They got the odds wrong Whiskey...like J says Irons are 21/20,makes all the difference...
Odds like that on a footie match and I'd be flying to games in a private jet..... :lol:


Professional bettors,look at a profit of maybe 20% on turnover...what you actually stake..
so for £300 stake a profit of £60 is acceptable..
That's like an overall profit Margin ..not individual bets.
So you Stake a grand a week...your looking a hitting £200 profit.

There's guys on the exchanges will load up thousands,if they can at crazy odds,will bet A grand to win
a ton,less at times..
Backing a team 1-0 up in the 88th min for instance,they take a hit now and again,but win 95% of
time which is enough for profit...which is what it's all about..

I'll stick with me 20 quids on the Irons.... :lol:
Now that makes sense. Didn't think about checking the available odds myself.

And about professional gamblers, don't know if it's true or not but I've heard of a bloke who supports West Ham who, the day Avram Grant was appointed, staked £25k on us getting relegated. As I say I don't know if it's true or not but I have heard the tale from several sources. And I actually know personally one bloke, also a Hammers fan, who put £100 on us to go down around the same time. He said picking up his winnings would deaden the pain a bit at the end of the season, so convinced he was that Grant would take us down.
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IronsForever
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Re: I'm No Betting Man But----

Post by IronsForever » Sat Oct 05, 2019 6:26 pm

Whiskyman wrote:
Fri Oct 04, 2019 8:21 pm
This has got to be bollocks surely.

According to the Evening Standard the odds for tomorrow's game are as follows:
West Ham to win 21-10
Palace to win 3-1
Draw 14-5

Now unless I've suddenly lost the ability to calculate if you place a £100 bet on each outcome at these odds this is what happens:

West Ham win--you get back £310 (£210 winnings + stake)
Palace win--you get back £400 (£300 winnings plus stake)
Draw--you get back £380 (£280 winnings plus stake)

So you lay out £300 and the minimum you get back is £310. It's enough to make anyone take up gambling. :lol:
Odds like that , you always back the draw. Over the course of a season you will see a profit. Bet the draw on any game priced like that.
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Whiskyman
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Re: I'm No Betting Man But----

Post by Whiskyman » Sat Oct 05, 2019 6:33 pm

IronsForever wrote:
Sat Oct 05, 2019 6:26 pm
Whiskyman wrote:
Fri Oct 04, 2019 8:21 pm
This has got to be bollocks surely.

According to the Evening Standard the odds for tomorrow's game are as follows:
West Ham to win 21-10
Palace to win 3-1
Draw 14-5

Now unless I've suddenly lost the ability to calculate if you place a £100 bet on each outcome at these odds this is what happens:

West Ham win--you get back £310 (£210 winnings + stake)
Palace win--you get back £400 (£300 winnings plus stake)
Draw--you get back £380 (£280 winnings plus stake)

So you lay out £300 and the minimum you get back is £310. It's enough to make anyone take up gambling. :lol:
Odds like that , you always back the draw. Over the course of a season you will see a profit. Bet the draw on any game priced like that.
Tbh mate I’ve always followed the advice of someone who once told me he’d never seen a poor bookie. ;)
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TRADITION--Just because we've always done it like this doesn't mean it's not incredibly SILLY

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Re: I'm No Betting Man But----

Post by IronsForever » Sat Oct 05, 2019 6:53 pm

Whiskyman wrote:
Sat Oct 05, 2019 6:33 pm
IronsForever wrote:
Sat Oct 05, 2019 6:26 pm


Odds like that , you always back the draw. Over the course of a season you will see a profit. Bet the draw on any game priced like that.
Tbh mate I’ve always followed the advice of someone who once told me he’d never seen a poor bookie. ;)
Thats because the poor ones top themselves:) Didn,t John McCririck start as a bookie and did his dough?
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Re: I'm No Betting Man But----

Post by mkhammer » Sun Oct 06, 2019 10:20 am

Whiskyman wrote:
Sat Oct 05, 2019 3:33 pm
mkhammer wrote:
Sat Oct 05, 2019 11:18 am


They got the odds wrong Whiskey...like J says Irons are 21/20,makes all the difference...
Odds like that on a footie match and I'd be flying to games in a private jet..... :lol:


Professional bettors,look at a profit of maybe 20% on turnover...what you actually stake..
so for £300 stake a profit of £60 is acceptable..
That's like an overall profit Margin ..not individual bets.
So you Stake a grand a week...your looking a hitting £200 profit.

There's guys on the exchanges will load up thousands,if they can at crazy odds,will bet A grand to win
a ton,less at times..
Backing a team 1-0 up in the 88th min for instance,they take a hit now and again,but win 95% of
time which is enough for profit...which is what it's all about..

I'll stick with me 20 quids on the Irons.... :lol:
Now that makes sense. Didn't think about checking the available odds myself.

And about professional gamblers, don't know if it's true or not but I've heard of a bloke who supports West Ham who, the day Avram Grant was appointed, staked £25k on us getting relegated. As I say I don't know if it's true or not but I have heard the tale from several sources. And I actually know personally one bloke, also a Hammers fan, who put £100 on us to go down around the same time. He said picking up his winnings would deaden the pain a bit at the end of the season, so convinced he was that Grant would take us down.
Yeah in some kinda perverse way backing us to lose makes some weird sorta logic... :lol:
known guys that do that..
I just can't do it....Heart rules me Head anything Ironswise...

Gambling and Betting are 2 separate things.....sounds stupid...but if you really wanna win a bet,you
have to take away as much of the Gamble about it as you can...
Why back one result when can back 2 and make a profit,why back one horse in a race,when can back
2 maybe 3,and make money if odds are right,you don't win as much but you win more often,It's
finding the balance.
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