by stampy » Mon Mar 20, 2023 10:38 am
by Trader » Mon Mar 20, 2023 10:48 am
stampy wrote:anyway all that aside, my beef is that sportsbet never changed the payout figure, hence leading me up the garden path
stampy wrote:all of us punt to make a profit do we not?
by Mr Beefy » Mon Mar 20, 2023 1:27 pm
Trader wrote:stampy wrote:anyway all that aside, my beef is that sportsbet never changed the payout figure, hence leading me up the garden path
Yes, and that's a legitimate gripe.stampy wrote:all of us punt to make a profit do we not?
Yes, of course. And that's why I'm trying to explain how to make MORE profit.
I am (perhaps poorly) explaining, that any time you hedge, you are paying the bookies 'vig' on both sides.
If you are going to hedge, you are handing the bookie money.
If you feel you want to lock in profit, then just don't book the last leg.
That's all I'm saying.
My last attempt:
Take it to the extreme example.
Heads and tails. The bookie pays $1.90 either side.
You put on $10 for Heads and Heads. Bookie payout is $36.10
After the first heads, you decide to lock in profit.
So you put $19 on Tails.
If heads lands, you win $36.10, less the $19 hedge, for a profit of $17.10
If tails lands, you profit $17.10 on the hedge.
A Profit of $17.10 locked in either way.
However, if instead of doing two legs at the start then hedging, you instead just put $10 on heads the first time, you'd have $19.00 in your pocket. $1.90 more than the $17.10 you've got after hedging.
by Jimmy_041 » Mon Mar 20, 2023 1:41 pm
by stampy » Mon Mar 20, 2023 4:07 pm
Jimmy_041 wrote:Hey@stampy, can you please do my footy tipping?
Notwithstanding, I did tip a draw in Richmond - Carlton
by mal » Tue Mar 21, 2023 11:05 am
by stampy » Tue Mar 21, 2023 1:41 pm
by JK » Sun Mar 26, 2023 10:15 am
by Brodlach » Sun Mar 26, 2023 10:28 am
JK wrote:Setup a 6 leg NBA sgm this morning, came to exactly $30.
For interest sake loaded exact same lines into a TAB SGM and their odds were $15.
Appreciate Tab allows for 2 losing legs money back, but that’s a massive discrepancy on odds.
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by mighty_tiger_79 » Tue Apr 04, 2023 10:01 pm
by Dutchy » Tue Apr 04, 2023 11:10 pm
mighty_tiger_79 wrote:Anyone been following the Government inquiry into Online Gambling and the blatant lies the bookies make
by OnSong » Wed Apr 05, 2023 12:39 pm
Dutchy wrote:mighty_tiger_79 wrote:Anyone been following the Government inquiry into Online Gambling and the blatant lies the bookies make
Just incredible the lies, hopefully it will mean MBL's for sport is the outcome
by mighty_tiger_79 » Fri May 05, 2023 9:26 am
by Eagles2014 » Fri May 05, 2023 4:09 pm
mighty_tiger_79 wrote:Betr for sale
by mighty_tiger_79 » Fri May 05, 2023 5:39 pm
Eagles2014 wrote:mighty_tiger_79 wrote:Betr for sale
Will our 100/1 bets still be safe?? Got text today offering $100 cash back on my Penrith to win NRL bet. Bit of coincidence
by Spargo » Sat May 06, 2023 7:57 am
Eagles2014 wrote:mighty_tiger_79 wrote:Betr for sale
Will our 100/1 bets still be safe?? Got text today offering $100 cash back on my Penrith to win NRL bet. Bit of coincidence
by Dutchy » Sat May 06, 2023 10:24 am
by mighty_tiger_79 » Sat May 06, 2023 3:34 pm
Spargo wrote:Eagles2014 wrote:mighty_tiger_79 wrote:Betr for sale
Will our 100/1 bets still be safe?? Got text today offering $100 cash back on my Penrith to win NRL bet. Bit of coincidence
I’ve got Boston who are currently clear faves, Sydney Roosters, third favourite & Melbourne in the AFL who are second in the line of betting - I’ve had no payout offer…
by Spargo » Mon May 08, 2023 11:17 am
by mighty_tiger_79 » Mon May 08, 2023 11:39 am
Spargo wrote:Just got offered $200 to cash out on the Celtics.
Competitions SANFL Official Site | Country Footy SA | Southern Football League | VFL Footy
Club Forums Snouts Louts | The Roost | Redlegs Forum |