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The 2010-2011 Betting Thread - forum gamble fails, Ash's fault.


Kaizero

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Basically your the bookie, so your offering odds of 3.5 to someone else, and willing to take a bet of £4 from someone. So if you lost you would have had to payout 3.5 x 4, but you won so you take their bet of £4.

 

:thup: Won't be making too many Lay bets in that case, only winning what is put in isn't much of a reward for the risk of having to pay out several times over.

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Only let me put 14 on.

 

Man City  @ 4/9

Stoke  @ 10/11

Sunderland  @ 8/13

Tottenham  @ 8/15

West Brom  @ 4/5

Everton  @ 11/10

Man Utd  @ 1/2

Draw  @ 9/4

Burnley  @ 4/7

Draw  @ 9/4

Leeds  @ 10/11

Draw  @ 9/4

Norwich  @ 4/5

Maccabi Tzur Shalom Women  @ 1/4

 

:lol: Fuck off did you do that. And if you did you put like 50p on it.

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Basically your the bookie, so your offering odds of 3.5 to someone else, and willing to take a bet of £4 from someone. So if you lost you would have had to payout 3.5 x 4, but you won so you take their bet of £4.

 

:thup: Won't be making too many Lay bets in that case, only winning what is put in isn't much of a reward for the risk of having to pay out several times over.

 

tell that to the multi-billion pound gambling industry

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Going to put £10 in my Bet365 account and see how much I've got this time next year. Will be putting boring amounts like £3 on Man U to win so it'll only add maybe 80p a time, but I imagine over a year it'll add up!

 

I'll end up blowing it today on a stupid accumulator though no doubt.

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£2 on Man City (-1.5) against Blackpool @ 1.825

£1.50 on Spurs HT & FT against Fulham @ 6/5

£1.50 on the above 2 as a double @ 3/1

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Basically your the bookie, so your offering odds of 3.5 to someone else, and willing to take a bet of £4 from someone. So if you lost you would have had to payout 3.5 x 4, but you won so you take their bet of £4.

 

:thup: Won't be making too many Lay bets in that case, only winning what is put in isn't much of a reward for the risk of having to pay out several times over.

 

tell that to the multi-billion pound gambling industry

 

:lol:

 

tmonkey - rather than run the risk of losing all of your money at once, you need to divide the amount you're willing to wager against an event happening (i.e. £10.00 against Newcastle winning at Wigan @ 3.5)

 

£10 (amount you're willing to stake against the event)

2.5 (lay odds - 1)

 

= £4.00 stake by the backer.

 

If Newcastle win, you pay them the £10.

If Newcastle lose or draw, you keep their £4.00 (minus commission)

 

If Newcastle lose

 

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