Gambling...

[PrenticeBoyofDerry]

Last bet I had was about two weeks ago.
Leeds Utd Vs Crystal Palace
with 25 minutes to go, palace were 2-1 up and the odds on a Leeds win were 10-1.
I thought it was a cracking bet, Leeds at home and they often score late goals.
Worth a punt!
Approximately 25 mins plus stoppage time later, Leeds 3 Palace 2, that'll do me!

 

[imamartian]

Last bet I had was about two weeks ago.
Leeds Utd Vs Crystal Palace
with 25 minutes to go, palace were 2-1 up and the odds on a Leeds win were 10-1.
I thought it was a cracking bet, Leeds at home and they often score late goals.
Worth a punt!
Approximately 25 mins plus stoppage time later, Leeds 3 Palace 2, that'll do me!

that's the sort of curiosity that feeds an addiction... tell us about all the times you lost a bet?

 

[PrenticeBoyofDerry]

Like I said I don't bet quite as often as I used to.
But still keep an eye out for value.
Lost loads of bets, I would more than fill the pages up.
The biggest being £600 on a horse called Wee Windy, years ago, unreliable source of information from the stable!
The most recent on a horse called Free For All, a small bet about 10 weeks ago.
Hardly an addiction.
I used to have part shares in some thoroughbreds, so got a lot of tips from the stables.
Thankfully most of them were better than Wee Windy!

 

[Alarm]

Lotto on a Sat.
Euro on a Friday.
£3.00 in total, never into betting really. Yes I know the lotto is a bet, I mean bookmakers ect.

 

[Space cat]

LOL.....but I LIKE Bruno......that's how women chose things !

As if he would divorce me
He adores me

I believe you.

 

[Djnikon]

why is gambling do popular?

usually if you put your chip down on 7 on the roullette, it aint gonna land on 7....

the odds are computed to make the bookie money...

So why do people bother? i have never placed a bet in a bookies .... never will...

but i do play the lottery..


Why is gambling so clever?

And do you not consider the lottery as gambling? You position monies against the possibility of winning more money. And each week you don't win, well you lose so that's a lost bet.
You say in a later post that someone's curiosity is what breeds addiction. Now I'm going to go out on a limb here and say that the number of times you have played the lottery and lost far outweighs the times you have won, so why do you keep doing it? Week after week, pound after pound, loss after loss... but always that inkling that "it could be me next week"... Is that not addiction of opportunity like the Leeds/Palace bet you stated as addiction starting behaviour?
The key to your question is that it's called gambling for a reason, it's human nature to take chances, it's that free will to choose that sets us apart from other species and even when it's illegal - some will have that more unquenchable desire to take that chance and still do it.

 

[misterdubya]

what about the idea of betting on a footie match say, and then finding a different bookie with different odds and win either way? does that work?

Are you serious?

No it does not, will not and never will work. I'll explain why in a PM, but I'd be here for a while and I'm hungry.

Mr. W.

 

[Space cat]

what about the idea of betting on a footie match say, and then finding a different bookie with different odds and win either way? does that work?

It could work. You'd have to find two bookies whose combined odds on the match predicted that the probability of a win either way was more than one (not forgetting to allow for a draw). You could then split your stake in such a way as to guarantee a small profit.

But what are your chances of finding the required odds? I don't know much about gambling but I'd guess that bookies watch each other's odds very carefully.

 

[Susiejb]

I think there is a huge difference between buying a ticket for the lottery and betting in a casino or on a horse (not that I do it too often)

There is something exciting about the last two .... whereas the lottery is just a case of ....check the numbers ..... didn't win ....try again next week, I think it lacks the thrill of real 'gambling'.

 

[misterdubya]

what about the idea of betting on a footie match say, and then finding a different bookie with different odds and win either way? does that work?

It could work. You'd have to find two bookies whose combined odds on the match predicted that the probability of a win either way was more than one (not forgetting to allow for a draw). You could then split your stake in such a way as to guarantee a small profit.

But what are your chances of finding the required odds? I don't know much about gambling but I'd guess that bookies watch each other's odds very carefully.

It can work in princible, but bookies wont leave themselves open to something so basic. Never. You can make money by betting against a team, while betting on it to win - even a draw. But, you need to lay off enough bets (bluesq do it) offering people the right odds to ensure the maths are in your favour to make money on football. The only good thing about gambling is that there are are idiots who have no idea. Its them who you make money from.

 

[ladylola]

If people want to gamble then it's up to them although it's not for me. I occansionally work with a guy who saves up to go to Las Vagas every year, sometimes he's ahead sometimes not . I really don't understand it but I probably do stuff that is equally hard for others to understand.
A couple of things put me off,
For instance we honeymooned on an American cruise ship and were given a complimentary $10 to spend in the casino. Well we walked in and out in a few minutes minus the $10 and never went back in.
Similiary a few years ago I watched a programme about the richest people in the country and there was a piece about two brothers who started up an internet gambling site with very little outlay and a couple of years down the line they each had a personal fortune of something like £95 million
Only been in a bookies once in my life too.

 

[misterdubya]

I watched a programme about the richest people in the country and there was a piece about two brothers who started up an internet gambling site with very little outlay and a couple of years down the line they each had a personal fortune of something like £95 million.

All simple maths.

As IMAM has posted previously about finding a mathermatical breakthrough, I would have thought he has understood how bookies make at least 17% on every race they take bets on.

Mr. W.