2006-10-27 22:40:13 · 18 answers · asked by derbyandrew 4 in Games & Recreation ➔ Gambling
Last Saturday I bet on a horse at 50 to 1 odds - the odds later fell to 20 to 1 so I accepted a bet at 20 to 1 and it won. Both bets were at £2 each. I won £100 back on the first bet and paid out £40 on the second bet - profit £60. Does that give you a clue. You have to do it on line - fast Internet connection - knowledge of racing - and have 2 sites connected. But you don't win every day!
2006-10-28 10:41:16 · answer #1 · answered by Mike10613 6 · 0⤊ 0⤋
here is a rule that will apply to all forms of betting...it is simple.
Only place a bet when the probability of a favorablbe outcome is greater than the amount of the risk...I am not wording this well, but here is an example. Lest say you and I are going to flip coins for money. law of prbablilty says that this is a fair game, and over time, no one will be very much ahead ot behind. What if we change the rules? Every time I win, you pay me a dollar, but everytime you win, I have to pay you $1.10? If we play this game for a while, you will surely come out ten percent ahead. This is exactly what casinos, bookies, and all other betting venues do..thats why they cant lose.
here is another ...I am a poker player...Everyone has heard the saying "never draw to an inside straight" This is not always good advise. The odds of hitting and inside straight are about 11.45 to 1. not very likely is it? If there is 5 bucks in the pot, I would be a fool to bet a dollar to win 5 bucks when the odds are 12 to one
2006-10-28 05:23:33 · answer #2 · answered by alanc_59 5 · 1⤊ 0⤋
Dodgydude your using the Matingale system it doesn't work because the house sets a limit on how many times you can double your bet, if you go to a roulette table with even chance bets stating at 5 pounds and a maximum bet of 500 pounds it sounds a lot but in reality you can only make 6 doubles. the idea is for the house to limit the amount of double ups you can make it's always between 5 and 6 never any more.
2006-10-28 09:57:18 · answer #3 · answered by Player 5 · 0⤊ 0⤋
The bankroll building guides on http://www.ultimatepokerbankroll.com really work. Since in poker you don't play against the house, if you are a break even player (or a winner) you will make a lot of money playing the bonuses poker sites offer. The systems on that site show the easiest bonuses to clear for various levels and really worked for me.
Other than that, the only other "system" that works is Card Counting. And that is so hard to learn and when you learn it you risk the casinos figuring it out and kicking you out.
2006-10-28 07:38:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I worked in a casino for 2 years as a croupier and I recall a time when a lady had lost nearly £1000 , she obviously couldnt afford to lose that much as she was devastated, all of a sudden I hit her number 3 times straight, she had her money back and left the casino happy as larry even though she was back where she started , so my best gambling system is go to a casino , watch , eat your free sandwiches and then leave .
2006-10-27 22:45:51 · answer #5 · answered by Jimmy H 2 · 2⤊ 0⤋
When playing roulette, place your money on red (or black), if you lose then double the amount. If you lose again the do the same thing and double up. Eventually it will land on red and you will win and make good any loses! ....little note: I thought this was a reasonable idea and tried it at a works function with pretend money. I lost the lot very quickly, so perhaps is doesn't work after all :-(
2006-10-27 22:46:43 · answer #6 · answered by A True Gentleman 5 · 0⤊ 0⤋
Cards - Play against those who are not as good as you, or look for a game where there are bad players. If you can't see one, it would probably be you!
Casino - Play roulette. You are still not statistically likely to win, but the odds (around 98%) are better than other options.
Horses/dogs/bookies - Avoid.
2006-10-29 01:38:24 · answer #7 · answered by Musicol 4 · 0⤊ 0⤋
Well
Personally, I've seen a LOT of poor betting systems. I started using this software for my horse bets. First impressions are very good. Check their site for more information http://www.goobypls.com/r/rd.asp?gid=567
Cheers.
2014-09-11 05:53:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
The only gambling system that works is set a lemit on how much you are going to play and lose. If you win stop and if you lose stop also. don't get your ATM card either and credit card...Don't get carried away...
2006-10-29 20:39:00 · answer #9 · answered by rauma_raumamary 2 · 0⤊ 0⤋
Yes, sports betting is one of the bests...Find one of the best services and start playing but I guess that's illegal now in most staes...Or learn to handicap yourself..You'll need to win a little less than 54% to break even...If you can pick 60% you can make pretty good money ...anything above that and you'll be in the chips but it ain't easy...Horese racing can be beaten but it's that much harder...Or if your bettter than you pals at anything (poker, pool, golf, etc.) and you can get them to bet, you can win money..Some casino blackjack and video poker games can be beaten if you're skilled enough and you have a large enough bankroll.
2006-10-29 17:15:05 · answer #10 · answered by krypto'nstreaky 2 · 0⤊ 0⤋