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Johnoco

Gambling

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I do the lottery every now and then but proper gambling is one vice Ive managed to avoid thankfully

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What I always wonder is, how come online casinos and poker site are seen as dark, intense, late night and for men. Whereas bingo sites are all smiles, bright, shiny and for women?

They are the same thing just different games. Pay money, get credit.

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I only realised I was a gambler in October after three years when I thought I was an "investor". I had two spreadbetting accounts where I was betting on the Foreign exchanges, oil prices and also shares. The problem was that when I follow a genuine investor strategy, and most importantly don't overbet I do roughly know a bit about investing. Unfortunately I also appear to have an addictive personality. In August 2011 I was down 7 grand and I realised that I needed to stop being reckless and I did manage to make that money back through sensible betting using a clear strategy. Unfortunately in October one of my bets was Apple, and rather than doing what an investor would do, take a 10% loss and walk away I kept putting higher and higher bets on like an addict. I lost about 3 grand on Apple in a week but at the same time I was making £1500 on the US Dow. To do this I had bets on totalling over £100,000. Whilst doing it I literally said to myself, "What the hell are you doing, this is mental?" but I kept ramping them up. I would spend the whole evening ignoring the wife and kids because I had to watch graphs on my mobile going up and down. After one last attempt to "win it all back" which failed I closed down both of my accounts and have not been back since. I've not looked at how much I lost over the course of the time. It's not a major amount, maybe £2,000 which for a three year hobby isn't that bad, but I have read some nightmare accounts of this kind of thing on the net and I know that if I ever went back to it there is every chance I could lose everything. What I will do when I have the money though is go into straight investing, using only the money that I have, and make it so that it's a pain in the bum to move your money around, because I still believe, that done properly investing for the long term will make you the most money.

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I spent $100 in the Venetian Casino in Vegas last year playing Craps

I've spent around £2,000 on season passes over the last few years watching Hull FC play cr ap and it wasn't particularly enjoyable.

Usually have a look at the RL handicap coupons to see if the bookies have missed a team suffering with injuries or if Saints have a cup game the following week.

Got a decent bit of advice from a guy who worked at Knowseley Rd telling us a few players were missing v Wakey a few years' back. Bookies jad Wakey at 10/1. Helped myself to a bit of that, Wakey snuck home 20-22 with Wellens missing a last second penalty from near the posts having also missed 5 conversions too. Top man he was that night, it's a wonder he wasn't investigated for match fixing.

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I've spent around £2,000 on season passes over the last few years watching Hull FC play cr ap and it wasn't particularly enjoyable.

Yes, but that wasn't gambling as you knew exactly what you were getting, didn't you? ;):D

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Usually have a look at the RL handicap coupons to see if the bookies have missed a team suffering with injuries or if Saints have a cup game the following week.

Used this logic yesterday re. Sam Tomkins being unavailable for Wigan.

Had a fiver on Hudds to win by 11-15 and a fiver on them to win by 16-20, @ odds of 12/1 and 16/1 respectively.

I owe Ferres a beer or two. :D

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Interesting this one. I am surprised more of you aren't fleecing the bookies on the RL handicap betting. As a Barrow director I can no longer bet on the sport as it is against the operating rules but prior to 2011 I used to do really well. And I mean REALLY well.

The handicapper places his handicap but doesn't know as much about what is happening at clubs as the average forum user.

Every week there is at least one match in the Championship where the handicapper is way off the mark. SL is a bit unpredictable but do your homework, stick to the Championship matches and you will come out on top for sure if you are very selective with your bets. Pick out the one that jumps at you, bet in a single (never do doubles - the bookies love you to do that) and you will do ok.

Also NEVER bet for or against your own team as emotions come into play then.

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Can't say I've ever been that interested in gambling, though I've been to the greyhounds with mates a few times and had the odd flutter, and will occasionally bet on the Grand National (but not every year, depends if I remember/fancy it).

A friend of mine recently tried to take his own life after building up a few thousand in gambling debts. We all thought he had a problem, but he kept the scale of his problems to himself. It turned out that he would finish work at lunchtime (he was a window cleaner) and go straight down the bookies. When he ran out of money he borrowed from "payday lenders" to finance his addiction. In the grand scheme of things his debts weren't that high, but enough to make him think he had no way out. Thankfully the police found him and he was rushed to hospital before he actually died. He's now been sent back to his parents for a few months while he gets treatment for his addiction (gamblers anonymous etc). Hopefully he'll kick the habit for good - as far as I can see it, it's just a way of losing all your cash. I mean, the bookies always win in the end.

As for the Lottery, I have spent many hours wondering what I'd use the money for if I won. Given that I buy a ticket on average once every few years, it's a bit pointless. Still, passes the time etc

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I've got a couple of bets on this weekend, ie the league cup and the WCC but must be a bit of a tightwad as I can't imagine betting serious money.

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I've got a couple of bets on this weekend, ie the league cup and the WCC but must be a bit of a tightwad as I can't imagine betting serious money.

This is me, I bet fairly regularly but I'm much too much of a wuss to ever get into trouble. I suppose it comes down to mentality, as a skeptic and somebody that knows the odds, I always presume that I am going to lose so only ever bet amounts that I am willing to lose. It's not a conscious thing to stop me getting addicted, it's just my personality.

I enjoy betting because it can add interest to games and there is a rewarding feeling if you win a bit where it requires some knowledge. I usually do it by putting a tenner in an online account and then if I win, carry on betting with that. If I lose I don't put any more in. I probably do this 5 times a year, usually around finals or events like World Cups, Olympics or big boxing fights. It's worked well over the years, I won £50 off a fiver in 2002 and won over £70 off a tenner at the Olympics this year.

It's ironic that this thread has come up actually as I had (for me) a big betting weekend. Recently, I took my brother to an Everton game and bet £10 on a 2-0 result. The game ended 0-0 and I quickly forgot about betting. During the week, I will often check the handicaps to see what the bookies think results are likely to be. It's a good, emotionless way of looking at potential outcomes. For instance, when England beat Australia and we dream of finally beating them, the bookies never get whipped up and still give us something like 14-16 points on the handicap.

This week I saw Saints were given -8 against Hull. It's not often that I think they have got it badly wrong but after watching their first two games I thought this was an absolute steal. I checked my online account and found that Bet365 void 0-0 bets so I still had my tenner! I bet it on Hull on the handicap and doubled my money (as it turned out it wasn't quite the steal I thought but I still won). I then used a tenner of this to bet on Bradford at +8 and Wakefield at -2. So my account is now up to £40 from a tenner I thought I'd lost.

Now I'm wondering what to do from here. Depending on the handicap, I might even bet £20 on the WCC which would be the most I've ever bet. I've a feeling Melbourne will win by about 10-16. I might take £30 out and just bet with the original £10. I know some don't see it this way but I feel like i'm betting with free money as it's all money I won from a tenner I thought I'd lost. There's zero chance of me putting more money in if I lost it all, so my actual finances are largely unaffected by it all.

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I might even bet £20 on the WCC which would be the most I've ever bet. I've a feeling Melbourne will win by about 10-16. I might take £30 out and just bet with the original £10.

Put your money on Leeds. If they win you can think "Well I hate them but at least I've made some money". If they lose you can think"Well, I've lost some money butI could afford it and at least Leeds got beaten"

Win win situation. ;-)

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Put your money on Leeds. If they win you can think "Well I hate them but at least I've made some money". If they lose you can think"Well, I've lost some money butI could afford it and at least Leeds got beaten"

Win win situation. ;-)

In all seriousness I always want the British side to win.

However, the bookies are only giving Leeds 2 points on the handicap. When the handicap is so low you are almost always just betting on the actual winner and I think Melbourne will win. The nature of our game means that the winning side usually does so by a fair few points. For instance if Melbourne win I expect it will really be by at least 8 or so but the same goes for Leeds.

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Keith, don't you have to put on a serious wedge to get a decent return?

If you start with a fiver and keep re-investing your winnings, slowly increasing your stake you can soon build up a healthy pot. If you can get just six successive winners (at 10/11) and have the nerve to re-invest everything each time your £5 will become £241.84. If you can keep your nerve and keep re-investing everything up to 12 times then your fiver would become £11680 or thereabouts. Mind you on the last three bets you are placing a four figure sum :).

I used to start with £20 in my kitty and bet 25% of the kitty (a fiver at the start of the season). Then each week win or lose I would take a quarter of the kitty and invest it. Even doing it that way the kitty grows a lot by the end of the season and the most you can lose is your original £20. By just putting on 25% you are mitigating against getting a run of losers. I use to reckon I had a "hit" rate of 7 or 8 winners from every ten selections. I still do in fact but no longer can I bet. However last weekend I picked out three "naps" and they all came in. The current handicappers don't seem to have found their feet yet.

As I said in my earlier post though choose your bets carefully and don't bet just for the sake of it. Make sure (or pretty sure) the handicapper has (in your opinion) screwed up. Trust me he does this at least once a weekend (sometimes he does it a lot).

A professional gambler also once told me never to bet when it is raining as this screws up the form. Experience has taught me he was correct :).

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If you start with a fiver and keep re-investing your winnings, slowly increasing your stake you can soon build up a healthy pot. If you can get just six successive winners (at 10/11) and have the nerve to re-invest everything each time your £5 will become £241.84. If you can keep your nerve and keep re-investing everything up to 12 times then your fiver would become £11680 or thereabouts. Mind you on the last three bets you are placing a four figure sum :).

I used to start with £20 in my kitty and bet 25% of the kitty (a fiver at the start of the season). Then each week win or lose I would take a quarter of the kitty and invest it. Even doing it that way the kitty grows a lot by the end of the season and the most you can lose is your original £20. By just putting on 25% you are mitigating against getting a run of losers. I use to reckon I had a "hit" rate of 7 or 8 winners from every ten selections. I still do in fact but no longer can I bet. However last weekend I picked out three "naps" and they all came in. The current handicappers don't seem to have found their feet yet.

As I said in my earlier post though choose your bets carefully and don't bet just for the sake of it. Make sure (or pretty sure) the handicapper has (in your opinion) screwed up. Trust me he does this at least once a weekend (sometimes he does it a lot).

A professional gambler also once told me never to bet when it is raining as this screws up the form. Experience has taught me he was correct :).

I might have to take this piece of advice! I've already learnt the one about not betting on your own side.

I'm tempted to use my winnings for more regular handicap betting, as long as you pick and choose I think it's an area where the fan can know probably as much as the bookie does. Take the Saints -8 from last week, that was purely based on the historical Saints rather than their form of the first 2 games.

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£10 on Bradford City to win at 6/1, and £10 on Bradford City to win 2-0 at 40/1 with William Hill.

I'm a bit narked that online the odds (which I checked first) are 8/1 and 50/1. But nevermind, I won't be signing up. Although sod's law says lil bro probably has an account with them...

Still, first bet for years.

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£10 on Bradford City to win at 6/1, and £10 on Bradford City to win 2-0 at 40/1 with William Hill.

I'm a bit narked that online the odds (which I checked first) are 8/1 and 50/1. But nevermind, I won't be signing up. Although sod's law says lil bro probably has an account with them...

Still, first bet for years.

I got 13/2, which is practically the same.

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I might have to take this piece of advice! I've already learnt the one about not betting on your own side.

I'm tempted to use my winnings for more regular handicap betting, as long as you pick and choose I think it's an area where the fan can know probably as much as the bookie does. Take the Saints -8 from last week, that was purely based on the historical Saints rather than their form of the first 2 games.

I quite stupidly left this until today, and the handicap has gone up to +6 for Leeds, which is not nearly as appealing. Still gonna go for Melbourne but I think I'll stick to the tenner.

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I've asked lil bro to stick a tenner on 2-0 on his betfair account at 75-1... he better pay up!

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I've asked lil bro to stick a tenner on 2-0 on his betfair account at 75-1... he better pay up!

I have bet on Football games before in this way but to be honest I don't think I've ever won one so it doesn't really appeal to me!

This week I've gone for Melbourne -6, Wire -2 and Wigan -28 in separate bets. Whilst pre-season, Melbourne have been here for a good while and have played Leeds twice within the past 5 years winning the last one. They know what to expect and have Slater, Cronk and Smith all playing. I think it'll be near the handicap but still think they'll win by maybe 8 or so. It of course depends on which Leeds turn up.

Wire is such a small handicap it is basically about whether they will win or not and I think they will at Hull. The Wigan one looks like the riskiest but -28 is the same as 34-6, 40-12 or 46-18. I suspect Wigan will manage this and probably hit 50, unless they are complacent a la Widnes away last year!

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Used this logic yesterday re. Sam Tomkins being unavailable for Wigan.

Had a fiver on Hudds to win by 11-15 and a fiver on them to win by 16-20, @ odds of 12/1 and 16/1 respectively.

I owe Ferres a beer or two. :D

To balance this out, had a tenner on Melbourne to win by 13 or more last night @ 7/2.

Thaler owes me a beer or two. :angry:

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To balance this out, had a tenner on Melbourne to win by 13 or more last night @ 7/2.

Thaler owes me a beer or two. :angry:

Not just you, I had Melbourne on the handicap at -6. Rather frustratingly as I even pointed out earlier, it was -2 earlier in the week and I delayed placing the bet.

After seeing Wire's team sheet, I'm concerned for my other bets now!

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I play the Lottery at work, and occasionally buy a ticket myself. Been to Vegas 3 times and probably spent a total of $20-$30 on the slots. I have placed exactly 1 bet on the Grand National, and never placed any other bet.

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