Topic: A proven way to make money from gambling - what's your opinion about this? - page 3. (Read 647 times)
December 12, 2018, 02:41:08 PM
I don’t understand where the edge is here? If you lay a horse at 100/1 then if it should be a 110/1 shot you will make money in the long run, or if it should be a 90/1 shot then you will lose money, if 100/1 is the correct price then you will break even (except of course for exchang commission.) There is nothing magical about the horse being a big price that makes it profitable for you to lay, because there is no inherent reason why that price alone would make the market inefficient.
December 12, 2018, 02:06:26 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;)
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.
December 12, 2018, 01:59:14 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;)
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;)
December 12, 2018, 12:44:42 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
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?
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
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?
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