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# I have a betting theory... call me stupid....

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Right... I was watching the cricket today and saw on http://www.coral.co.uk odds for next batter to be caught out. the odds (in decimals because im thick) were 1.5. If I was to put say a £50 on this… Read More
8y, 10m agoPosted 8 years, 10 months ago
Right... I was watching the cricket today and saw on http://www.coral.co.uk odds for next batter to be caught out. the odds (in decimals because im thick) were 1.5.
If I was to put say a £50 on this, and it won, great, £25 up.
But what if I were to lose and simply treble the stake, i.e. £150 stake. This would mean i had bet, in total, £200, but would stand to win £225, if the bet won.
If you continue to do this over and over you would always eventually end up winning half the initial stake value (hope I haven't lost you by this point)
I know there are ways in which this cannot work in roulette (table limits, 0 ball etc) but what is stopping me from doing this? I've done the maths and it seems flawless but surely it won't be because everybody would be doing it?
Help would be great, could save me a lot of cash from being silly!!
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8y, 10m agoPosted 8 years, 10 months ago
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(26)
banned#1
Was it realy wise to have a thread saying "call me stupid"? :w00t:
#2
I was going to........................................ but I though it might be reported... With the high class members on tonight..
#3
#4
#5
Don't try it lol, its known as the martingale system where you double up each time until you win, then you go back to the starting stake...

Say there is a bet at evens (2.0) - you bet £50, it loses. You then have to bet £100 to get the £50 profit. If this loses, you would then bet £200, then £400 and so on. If you lost 4 of them in a row, you would lose £750, just trying to make back the initial £50....its a failure lol, if there was a way to beat the bookies they wouldn't exist...save your time (and money)!
#7
yes very true but eventually somebody would get caught out and win £50!
#8
is this the same guy who posted the deal on betting on us sites ? theory is slightly different - hero 2

thank you michael
#9
footyboy
yes very true but eventually somebody would get caught out and win £50!

Very true, and a lot of people will win to start off, but the odds are not in your favour, and if you keep at it, it will end in failure :thumbsup:
#10
Sports betting also have betting limits and also, the odds of the games are always different.
#11
its always at 1.5 though.
#12
In that case it could be, but for different matches or circumstances the price will change - eg i'd say you are more likely to be caught out in 20/20 than a test match for eg because you are trying to whack it more..As already mentioned markets have limits on them aswell, there is always a max amount you can put on :) There was a match not too long ago that had 19 out of 20 lbw's, you'd be bankrupt by then!
1 Like #13
footyboy

I've been betting for 4 years and trust me it doesn't work. Duplicating bet doesn't work with both sport and roulette due to different reason. With roulette you know the result in less than 10 second means you can start with as low as £1. Then when you start losing 5,6,7 times in a row you find yourself blackout and end up losing all the money - or reach the betting limit. ok... with sport, you have to wait like 15, 30, or even 90 minutes to know the result, so if you bet £1, it doesn't worth, at least pratically you'll feel so. You'll start to bet bigger, say 5, 10 quids... ok... that's good enough.. but what if you lose 3,4 times in a row? you end up with as little as £5 profit and say... an afternoon looking at livescore :x so that when I start thinking... hmm... why not increase the bet to 20, 30 because "it's harder to lose too many times in a row in sport because ... it's not roulette, you can think, you can analyse.... ". well... it's pratically wrong... I don't really know how to say but you will end up losing your own money by betting this way. The only people that earning money from sport betting I've known are who very small percent of their bank roll, similar amount for every matches with deep analyse and ability to read odds.
#14

oh man this is just so funny and entertaining
#15
so does anyone know what corals betting limit is?
1 Like #16
footyboy
so does anyone know what corals betting limit is?

no idea. my advice is go for betfair or bet365. they have great odds and fast payout. :thumbsup:
#17
no but im still not convinced that im wrong! if i knew the betting limit i may be..
#18
footyboy
no but im still not convinced that im wrong! if i knew the betting limit i may be..

Technically it's not wrong, but pratically it doesn't work. You can try it yourself, I just want to save your time by telling my experience.
banned#19
a fool and his money.......

limits change depending on the bookie and your betting history
I've been limited to £1 stakes on some bets with ladbrokes for example, and that was without winning much!

you must have got a lot of spare cash

if you get 6 losing bets in a row

bet 1 £50
2 £150
3 £450
4 £1350
5 £4050
6 £12150

So in only 6 bets thats £18200 staked, if you have to do bet 7 it would be for a stake of £36450, and bet 8 over £100,000.00

At the odds you have stated, if bet 6 wins you will only win £25
#20
find somewhere with a mean limit and your laughin with your £25 :w00t:
#21
colinsunderland
a fool and his money.......

limits change depending on the bookie and your betting history
I've been limited to £1 stakes on some bets with ladbrokes for example, and that was without winning much!

you must have got a lot of spare cash

if you get 6 losing bets in a row

bet 1 £50
2 £150
3 £450
4 £1350
5 £4050
6 £12150

So in only 6 bets thats £18200 staked, if you have to do bet 7 it would be for a stake of £36450, and bet 8 over £100,000.00

At the odds you have stated, if bet 6 wins you will only win £25

That's my point from before. If you bet say 1% of your bank, at some point you'll have to risk 90% just to win 1%. it just doesn't worth or in some cases you'll start to increase the bet to 5% or 10% to boost the profit --> suicide.
#22
betting limits per customer vary, and they change depending on what you bet on, at the moment my betting limits for South Africa to win England v South Africa, Bolton to win Bolton v West Brom and Chelsea to win Chelsea v Tottenham are £166.67, £12,500.00 and £27,472.53respectively, if i multiply the odds by the max limit, the cricket one is limited to £500 winnings while the footie ones ate £1000.
you are betting on next batter to be caught out at 1.5, there are two batters, how are you gonna choose which one, and the odds are awful, it is like heads or tails but not with 50-50 chance going either way as that batter may not even get caught out. flip the coin game gives around odds of 2.00.
anyways effectively your odds would be very bad, after the second loss you need to plump on £450 just to win £25 back after factoring in the loses beforehand, that means ultimately at that point you have put £650 on odds of 1.038 just to get £25....would you put that bet on batter X would be caught out first, second and third at those odds?
banned#23
Hey, STUPID! ;)
banned#24
.....you're stupid. :giggle:
banned#25
michaelwood;2830983

always good when someone bumps that thread

Levis24 FTW
#26
stooopid is as stooopid does

Levis24 are you there is that you

Why so serrrrrious :whistling: