A proven way to make money from gambling - what's your opinion about this? - page 2.

buwaytress

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Quote from: Get-Paid.com on December 12, 2018, 03:06:26 PM

Quote from: buwaytress on December 12, 2018, 02:59:14 PM

My opinion: that is a terrible way to "grow" your bankroll and is a proven way to lose everything.Believe me a lot of people are trying that each day. You say go for 100/1 odds, well, that's the equivalent of going to a dice site and betting at 99% chance to win (yes, this exists in dice games if you don't believe me).

You say 200 bets to gain even? Well if you use compounding in dice games at 98% win (for about 1% gain at 1% house edge), you can double your bankroll in only 70 rolls.

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

And still people lose at 99% chance;)

That's not the same as 99% chance of a dice.
You choose that horse to lose based on several factors, such as previous record, previous Jockey, you get all these stats immediately at many sites without having to dig for this data.

You also don't have to gain even, if you are happy with making $1000 - just take it out and continue later on when you feel comfortable - the chances are better if you don't do it constantly time after time but instead - choose carefully your venue etc.

I do get it's not the same, but I have a feeling it's rather hugely more variant than we'd think. I bet on sports a lot too and there's just so much to account for that they've got hundreds of analysts and computers drawing up the initial odds for football which has arguably more variables than horse racing.

It just feels like a really bad idea (and certainly not a proven method) to use your strategy on 200 horse bets just to double the bankroll, when it seems far easier to use a provably fair method at about equal chances.

Furthermore, with bookies, they may never always take your full 6k bankroll, and then there's so much chance for collusion, bad luck... you do say Australia is less prone to corruption but that doesn't mean it isn't bulletproof. I'd rather risk it on pure maths on dice is what I'm saying - not that I'd ever risk 6k for $60!

P.S.: Found this site on 100/1 horse strike rates. They do seem to be climbing every year, closer to the 1% equilibrium. So it may appear, statistically, betting against 100/1 horses has an edge. But phew, I could still never do that. If you want, you should do a record and collect 200 races so you have something to show =)

Quote from: STT on December 13, 2018, 09:10:04 PM

Quote from: buwaytress on December 12, 2018, 02:59:14 PM

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

So that calculable, if 70 rolls of a duplicate bet were made then 99% becomes 49.4% of never losing that bet. This is the same deal as the green slot on roulette wheel, it dont have to win often just being there means the house wins often enough to pay the dealers, rent etc

Yeah, I did count in house edge already for those 70 rolls. It would be fewer rolls without edge. I'd still never all-in $6 70 times at 99% chance though. Madness. Unless that were maybe 1% of my bankroll, and I just wanted to show off or build up a wagering record. Playing for wagering prizes makes that +EV.

jrrsparkles

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Quote from: Get-Paid.com on December 14, 2018, 02:38:08 AM

Quote from: jrrsparkles on December 14, 2018, 01:25:46 AM

WHen you deposit huge amount so when a bookie intentionally want that hirse to win to go bankrupt,we call it as match fixing right so we have a way but it can go the wrong way most of the times.

That's why you choose a location like Australia, and not South Africa.

South Africa is much more prone to these types of corruptions, Australia is much more solid, and of course any location - Australia or the UK can get some corruption in it, but usually it happens with lower priced horses, not these ones that are completely trash.

Not everyone can go to Australia and bet on horse there(I don't know it can be done online or not).

But my intention is to mention that it can be completely go upside down when someone want that to happen.

Get-Paid.com

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Here are the results from Scone:

This one wasn't even making a threat.

You just have to do it repeatedly, say 4-5 time a day to make $100 - $200 per day. (assuming your bankroll is $6,000).

Also I wouldn't risk more than $6,000 or so, unless you are super rich - the thing is - it is possible to make some $ with it, by all means this is not a low risk investment (not only because of the races but because of all the gambling that is involved with it, you keep a balance that you can easily lose by betting it elsewhere - what you shouldn't do it if you're 100% oriented on this one).

Do you want more screenshots like this? Do you want to see the account statement?

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Here is an example - a race in Scone, Australia in 5 minutes - this horse is 7 year old, price on this one has gone up, it's no good whatsoever, won't win this race:

In the betting exchange you can try to sell it for 200 or SURELY sell it for 300 i.e. for $6,000 you would make $20:

Is the risk high? No, it's a losing horse, 100%.

Are you asking if this is difficult to do it repeatedly? It's up to you, but I'm just mentioning this horse for instance if you check its data is good for nothing.

Quote from: jrrsparkles on December 14, 2018, 01:25:46 AM

WHen you deposit huge amount so when a bookie intentionally want that hirse to win to go bankrupt,we call it as match fixing right so we have a way but it can go the wrong way most of the times.

That's why you choose a location like Australia, and not South Africa.

South Africa is much more prone to these types of corruptions, Australia is much more solid, and of course any location - Australia or the UK can get some corruption in it, but usually it happens with lower priced horses, not these ones that are completely trash.

jrrsparkles

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WHen you deposit huge amount so when a bookie intentionally want that hirse to win to go bankrupt,we call it as match fixing right so we have a way but it can go the wrong way most of the times.

STT

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I love that you lay out the argument and proposed method to it all but really thats not easy money. When this 100-1 horse wins, please play out the maths of that scenario for me long term.

The part of it that I have roll over all my winnings on every single bet, thats risky alone. Things happen, profits should be taken really not always rolled over.

Quote from: buwaytress on December 12, 2018, 02:59:14 PM

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

So that calculable, if 70 rolls of a duplicate bet were made then 99% becomes 49.4% of never losing that bet. This is the same deal as the green slot on roulette wheel, it dont have to win often just being there means the house wins often enough to pay the dealers, rent etc

Quote

honestly betting on over/under in Basketball, Football or Soccer, choosing the winning team, betting on point spread - it's not going to win in the long term.

I disagree with this. For starters its a game, so people win anytime they enjoy watching the game but also some people just know their team odds well. For someone to know all the teams performance better then a professional setting the odds, thats unlikely but it can happen.

AnotherBTCNoob

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Laying enormous priced outsiders as per the Op is suggesting is madness. Huge price horses win races - don't even think about it.

leowonderful

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I just can't believe this works with the high volume of plays needed to break even either- even with a tiny percent of loss per play, I still think that there's a significant risk of ruin over time, especially since you're risking your entire bankroll on every race. I'd certainly be interested to see you provide proof that this method of yours works, however. There's still an element of luck in this as with anything in gambling, and there's no guarantee that you'll make money with this anyhow.

nydiacaskey01

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In a dice game like Bitsler if you staked $6,000 USD or 1.848BTC (at today's rate) and set the chance of winning to 98%, you will get 0.0188BTC or $60. While the chance of winning is high, there's still a small percentage that you may loose that 1.848BTC in exchange for 0.0188BTC. It's not worth the risk. Not really a good idea.

stomachgrowls

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Quote from: avikz on December 13, 2018, 04:16:24 AM

You say it is a proven way - please produce the proofs!

There is no proven way to make money from gambling or sports betting. Gambling is not a method of making money - no matter how good are you at it!

Actually waiting for the proof because telling about success is easy but proving it out would really be hard. I cant even imagine to ROI or break even on 200 games.
Its unbelievable and come to think even betting the baddest horse ever wont give you 100% sure win. One mistake then bankroll is gone and i dont have the balls
to risk out with that kind of bets.

shield132

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I have heared many times that horse racing somehow unique from others and more profitable, personally I have no experience in it.
It's good you shared your idea OP, don't get critics wrong but I think too that horse racing is risky and doesn't worth, imagine you have to risk 6K to get just 30$, easy but very risky, it's even rough on 0.1% risk possibility.
For further note, there is not proven way nor will be.

Betwrong

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Quote from: Get-Paid.com on December 12, 2018, 03:06:26 PM

Quote from: buwaytress on December 12, 2018, 02:59:14 PM

My opinion: that is a terrible way to "grow" your bankroll and is a proven way to lose everything.Believe me a lot of people are trying that each day. You say go for 100/1 odds, well, that's the equivalent of going to a dice site and betting at 99% chance to win (yes, this exists in dice games if you don't believe me).

You say 200 bets to gain even? Well if you use compounding in dice games at 98% win (for about 1% gain at 1% house edge), you can double your bankroll in only 70 rolls.

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

And still people lose at 99% chance;)

That's not the same as 99% chance of a dice.
You choose that horse to lose based on several factors, such as previous record, previous Jockey, you get all these stats immediately at many sites without having to dig for this data.

You also don't have to gain even, if you are happy with making $1000 - just take it out and continue later on when you feel comfortable - the chances are better if you don't do it constantly time after time but instead - choose carefully your venue etc.

Wait, $1,000 you say? But how many times you have to risk your $6,000 for that? It can take around 50 bets, if I understand the OP rightly. Anything can happen during those 50 bets and you can lose your $6,000 at one time. With the same result you can go to a dice site and make 50 bets with 99% win chance, as @buwaytress suggested.

Also, the chances are not better if you don't do it constantly time after time, they are always the same, and they depend on the number of bets, regardless of when you make them.

maydna

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It works for you but not all gambler can get the same result as you. I am sure that many of gambler trying to use many ways to win the gambling and they will try to use many proven techniques that claimed it would work. But we need to remember that we don't have the same opportunity like that person. One strategy will work for one people, and it cannot work correctly with the other people, and I guess that the result will have a big difference for one people to the other people.

Get-Paid.com

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Quote from: panjul07 on December 13, 2018, 08:50:49 AM

Quote from: avikz on December 13, 2018, 04:16:24 AM

You say it is a proven way - please produce the proofs!

There is no proven way to make money from gambling or sports betting. Gambling is not a method of making money - no matter how good are you at it!

It should not be a big problem to prove it because he had no losses so far, means that he is in a very great profit. But if he cant prove it, so all those long sentences are just like an imaginary writing. I have to agree that there is no proven way to make profit on gambling. So it will be much more appreciated if there is valid proof. No offenses for the OP, but are talking about the reality in gambling here.

Absolutely there is no way to make profits from gambling long term - and this method discussed here had "failed" a few times but long term it made more profits than losses. I can take screenshots from the next bets if you wish to see a proof but it won't prove much as almost every race you get a "winner" (i.e. a losing horse).

Still, it's something to think about, much better than playing random games with random occurrences, of course this also has some randomness built into it, but with the right data it's pretty much eliminated, much better than many other forms of gambling - nonetheless ... gambling is bad by nature, it's not a positive thing and we in our business do not encourage business - this information is just brought to you in case you want to become "investors" and try this method - it does work pretty well for many people who do that, but still, there is risk, feelings and emotions, temptations, and stress involved, so it's not suitable for everyone.

panjul07

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Quote from: avikz on December 13, 2018, 04:16:24 AM

You say it is a proven way - please produce the proofs!

There is no proven way to make money from gambling or sports betting. Gambling is not a method of making money - no matter how good are you at it!

It should not be a big problem to prove it because he had no losses so far, means that he is in a very great profit. But if he cant prove it, so all those long sentences are just like an imaginary writing. I have to agree that there is no proven way to make profit on gambling. So it will be much more appreciated if there is valid proof. No offenses for the OP, but are talking about the reality in gambling here.

avikz

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You say it is a proven way - please produce the proofs!

There is no proven way to make money from gambling or sports betting. Gambling is not a method of making money - no matter how good are you at it!

Get-Paid.com

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Quote from: bosta20 on December 13, 2018, 03:26:04 AM

Quote from: Get-Paid.com on December 12, 2018, 01:44:42 PM

So I saw here tons of discussions about how to make money from gambling, and honestly betting on over/under in Basketball, Football or Soccer, choosing the winning team, betting on point spread - it's not going to win in the long term.

But here is something that I can testify that has worked for me personally and this is quite of the only ways to make money from gambling - and I'd like to hear your opinion about this - so how does it work?

The way to make money - Horse Racing - You bet AGAINST the winning horse (Lay the horse in betting terms, not getting LAID with the horse god forbid Cheesy

but you lay - bet against it)

1) You only go for races in Australia, no other country is that solid with that.
2) You only go against horses that have odds of 100/1 or more. (i.e. the bookies will pay 100 to 1 if that horse wins)
3) You can use BetFair, 9Wickets or OrbitExchange to lay the horses. (the latter two are mainly accessible via betting agents, they all use the BetFair Exchange market).
4) You don't lay horses that are too young (because they are too unpredictable).

Basically, if you deposit $6,000 you would get from each successful race around $20 - $30 if that horse loses, even if the horse finishes 2nd place you would still get $20 - $30, the horse has to finish first to burn that bankroll and as long as such horse is not winning the race - you would get $20-$30 followed by another $20-$30 from each successful race.

This way you could easily make $100 - $200 per day or even more.
Horses like this are traded for 80 - 600 odds in BetFair, so you are guaranteed to make money from almost every race where you like that horse to lose.

The benefits:

1) This is not exactly gambling, you in some way get an edge here, or in another words we in some way try and take the randomness out of the equation here, you are literally laying horses that are trash, ones that are worthless.
2) Horses with odds of 100 or 150 to 1 can still win the race, it does happen from time to time, but it's extremely rare. You should only do horse racing, not harness and no races in other countries (e.g. in South Africa the rate of horses of this kind winning a race is so much higher!)
3) You must not be tempted to bet on horses of 50-60 to 1, unless you are 100% sure they are trash - horses with these odds have higher chances of winning the race.
4) Remember you risk your entire bankroll every race, you need about 200 successful races just to break even - BUT, if you stick to this plan the reward is going to be quite awarding.

Been doing this for quite a while and had no losses, was wondering what you guys think about this?

Cool! Thanks for sharing sir! I will thoroughly go through it sir!

No problem,
Would be happy to hear your feedback as to how it goes.

As for the others:

1) If you risk $20 - $30 on horse with 100+ to 1 you and do it repeatedly - you are surely going to lose money or get demotivated by shorting your bankroll time after time.
2) Here you grow your bankroll time after time, unless of course that super bad horse wins.

Also it's not 200 races to win, when you get to $10k from $6k then odds of 100 produce $100 for 1 race and not just $20-$30, if it's 200 it' still $50 which is more.

bosta20

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Quote from: Get-Paid.com on December 12, 2018, 01:44:42 PM

So I saw here tons of discussions about how to make money from gambling, and honestly betting on over/under in Basketball, Football or Soccer, choosing the winning team, betting on point spread - it's not going to win in the long term.

But here is something that I can testify that has worked for me personally and this is quite of the only ways to make money from gambling - and I'd like to hear your opinion about this - so how does it work?

The way to make money - Horse Racing - You bet AGAINST the winning horse (Lay the horse in betting terms, not getting LAID with the horse god forbid Cheesy

but you lay - bet against it)

1) You only go for races in Australia, no other country is that solid with that.
2) You only go against horses that have odds of 100/1 or more. (i.e. the bookies will pay 100 to 1 if that horse wins)
3) You can use BetFair, 9Wickets or OrbitExchange to lay the horses. (the latter two are mainly accessible via betting agents, they all use the BetFair Exchange market).
4) You don't lay horses that are too young (because they are too unpredictable).

Basically, if you deposit $6,000 you would get from each successful race around $20 - $30 if that horse loses, even if the horse finishes 2nd place you would still get $20 - $30, the horse has to finish first to burn that bankroll and as long as such horse is not winning the race - you would get $20-$30 followed by another $20-$30 from each successful race.

This way you could easily make $100 - $200 per day or even more.
Horses like this are traded for 80 - 600 odds in BetFair, so you are guaranteed to make money from almost every race where you like that horse to lose.

The benefits:

1) This is not exactly gambling, you in some way get an edge here, or in another words we in some way try and take the randomness out of the equation here, you are literally laying horses that are trash, ones that are worthless.
2) Horses with odds of 100 or 150 to 1 can still win the race, it does happen from time to time, but it's extremely rare. You should only do horse racing, not harness and no races in other countries (e.g. in South Africa the rate of horses of this kind winning a race is so much higher!)
3) You must not be tempted to bet on horses of 50-60 to 1, unless you are 100% sure they are trash - horses with these odds have higher chances of winning the race.
4) Remember you risk your entire bankroll every race, you need about 200 successful races just to break even - BUT, if you stick to this plan the reward is going to be quite awarding.

Been doing this for quite a while and had no losses, was wondering what you guys think about this?

Cool! Thanks for sharing sir! I will thoroughly go through it sir!

rodskee

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In any kind or any field of gambling betting games hard to make money in one click
A lot of money they can lose before they can got a winning bet
Even if the expert gambler are chave same situation sometimes the expert gambler
only thing learn about this nobody become successful in gambling in a quick time

kryptqnick

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Quote from: Get-Paid.com on December 12, 2018, 01:44:42 PM

So I saw here tons of discussions about how to make money from gambling, and honestly betting on over/under in Basketball, Football or Soccer, choosing the winning team, betting on point spread - it's not going to win in the long term.

The way to make money - Horse Racing - You bet AGAINST the winning horse

Basically, if you deposit $6,000 you would get from each successful race around $20 - $30 if that horse loses, even if the horse finishes 2nd place you would still get $20 - $30, the horse has to finish first to burn that bankroll and as long as such horse is not winning the race - you would get $20-$30 followed by another $20-$30 from each successful race.

This way you could easily make $100 - $200 per day or even more.
Horses like this are traded for 80 - 600 odds in BetFair, so you are guaranteed to make money from almost every race where you like that horse to lose.

Horses with odds of 100 or 150 to 1 can still win the race, it does happen from time to time, but it's extremely rare.
Remember you risk your entire bankroll every race, you need about 200 successful races just to break even - BUT, if you stick to this plan the reward is going to be quite awarding.

Wow, that sounds very dangerous! I mean, sure, horse betting is not purely based on luck, you can theoretically be really good at it and earn money on regular basis, but not like that! And risking $6k to get some $30? That sounds crazy to me, even if the chances of losing that money are low. I am happy for you that you've been earning like that for a while, but it's definitely time to stop risking and enjoy the profits.
As your method is not really about skills, I think it can be compared to playing dice at high success probability, even though you already replied to another user that it can't.

Topic: A proven way to make money from gambling - what's your opinion about this? - page 2. (Read 636 times)