Second bet:  This one is traded extremely poorly in the market, TVG shows odds are rising, he's doing really bad. Race about to start in 1 minute or so if you wish to watch it as well. Good Luck! (for 27 EUR) |
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This is my first bet from the last race in Wolverhampton today:  Uh Oh Chongo was the trailer in this race, with poor odds that improved towards the beginning of the race, whilst Ghost Buy was going in the other direction - the bookmakers had odds on Ghost Buy changing from 26.00 to 34.00, usually I would stay away from "low" odds like these and only risk it with 67-81+ but given the fact it's a boxing day in the UK today so all the jockeys are much more motivated to win this one, and given the fact many favorites won races today in the UK (what exemplifies the fact the good horses have a much better head start) - I allowed myself to lay the least riskier option here. Winnings: 81 EUR (before Orbit's 3% commission) or 78.57 EUR net profit (after the 3% commission). |
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A while ago I started a topic that explains how this strategy works - you can read it here: https://bitcointalk.org/index.php?topic=5083934.0I am now going to document my horse racing bets here, all bets will be posted here, not going to skip on any placed bets, this thread will have 100% full transparency, and I'm starting this documentation from the very scratch. Betting Agent: BetInAsia.comBetting Site / Platform: Orbit Exchange (Powered by BetFair)Deposited Today (26-12-2018): 1.215 BTCBalance received from BetInAsia for the BTC Deposit: 4,008 EURMain Races to bet on: Mainly Australia, might be a few UK and US ones, but the majority of them will be from Australia (& NZ).How do I place bets?
I typically choose the horse to go against (to bet that the horse won't win the race) based on factors of age, how much the owners invest on that horse, the jockey who rides, however the majority of the decision is based on market movement and how the market sees that horse, how the pricing fluctuates etc. GOOD LUCK !!!
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What I used to believe was smart in gambling was not smart and honestly now I believe there is no way to be smart in gambling as long as we are playing against house edge.
Even I thought that by placing 10 Euro bets to win 12 with odd 1.2 was a smart way of gambling but I have been proven wrong soon from big teams like Roma in Serie A not being able to win at home against the team which was last in the standings and odd was 1.2 so no smart ways to win in gambling as of yet at least.
The same applies to any type of sports, betting on 1.20 is a sure way to lose. Some do it over 0.5 goals in live in soccer, but even then it's a risky approach. For most if not for everyone the best bet is never bet in the first place. |
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Well there is a chance winning in gambling, if you play for short term than you can win some, the most important things in gambling is know when to stop, there are numerous of stories where people won a lot of money from gambling, so its not correct to stated that no gambler ever won, only the greedy gambler that never won
That's a bad advice. Even if you stop - for how long will you stop? For 1 week, 1 month, 1 year? You see ... unless you don't gamble at all - gambling is a bad proposition ... so your advice "know when to stop" is a bad advice. And it has been proven to be a bad advice throughout history. The OP is right, the players never win, it's only the house that constantly wins. |
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You can do nothing with empty hands, more you have more things you can do, same is with gambling. More money you have more games and strategies you can try, more you can risk and eventually you can win. Gambling has two sides, when someone win others are losing, when you lose others winning, on which side you wish to be you decide alone, there is no trick in it. You make your own destiny and casinos are promoting that.
That's well said, but please also keep in mind the Casino / Sportsbook owners themselves make money regardless of who wins between the 2 players, for instance over/under in some NBA games is 1.85 - that means regardless of what's gonna be - the house already pockets 15% (2.00 = 1.85). In live betting it could be even worse, and yes, sometimes you might get 1.91 or 1.95 - but even this is a reflection of 5% - 9% that the house takes from you irrespective of the final result. |
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Yeah,the feeling of winning from gambling is a bit of a worry.I speak to myself feeling a continual won but there is little feeling that disturbs me,especially about money I usually spend on friends.In order not to feel guilty with the host alone.
It's because gambling is about taking money from someone else - if it would be a sale of a lottery ticket for $1 then you might feel okay with it because everyone "wins" here (you get $1, the lottery company gets $1.50 for instance, and the buyer gets a chance to win millions and if not he just threw away pocket change). But winning a lot is a different story, yes, you "won" a lot but it came from someone else who didn't want to lose it - that's the nature of gambling. |
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I've noticed the same in my country and it's been increasing the last couple of years.
I think it started after the whole poker craze from a few years ago
It started to grow rapidly because the use of Internet is quite new, in the 1990s the Internet wasn't a term that everyone knew what it meant. And since we have barely passed 20-30 years since then - the world of online gambling is still at its infancy, and thus - you get addiction problems and more. It's a sad state of affairs however we want to call it, there are few winners (the owners) and tons of losers. |
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Don't take offense, but you have to take some responsibility here.
Unfortunately, I am going to side with the casino. We have seen this countless times. Here's the craziest one of them all. A member of the bitcointalk forum signed up at betbit.com. right after signing up, he requested to close his account due to gambling addiction. Ok, we closed his account. He immediately used the password recovery tool to temporarily get his access back. We then closed it again. He made another account with a different email and made a deposit, played, and immediately emailed us saying that we owe him his funds back due to this technicality. This was an intentional attempt to scam the casino in bad faith. I will not disclose this player's info due to keeping the terms and conditions of the player's rights regardless of his actions.
Then the player proceeded to threaten us by posting this info everywhere.. Lawyers etc. I could not believe this attempt to extort us.
On the other hand, I do believe that the casinos should close accounts when requested. Also, I think that the player should also do their part as well, and not use the technicality as a means of actiing on bad faith.
This post is full of lies and it's unacceptable we will allow this to continue, please refer to this thread for the only honest and real facts in regards to the case Acarli is mentioning: https://bitcointalk.org/index.php?topic=5085983.0I was posting real information about my particular, recent experience. I spoke in general terms and did not mention any reference to a player. I will not discuss the identity of the person involved, regardless if you claim to have done this behavior or not. Best of luck to you. (No hard feelings on this end). Okay, thanks for the explanation, I'm out of this topic then. |
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Don't take offense, but you have to take some responsibility here.
Unfortunately, I am going to side with the casino. We have seen this countless times. Here's the craziest one of them all. A member of the bitcointalk forum signed up at betbit.com. right after signing up, he requested to close his account due to gambling addiction. Ok, we closed his account. He immediately used the password recovery tool to temporarily get his access back. We then closed it again. He made another account with a different email and made a deposit, played, and immediately emailed us saying that we owe him his funds back due to this technicality. This was an intentional attempt to scam the casino in bad faith. I will not disclose this player's info due to keeping the terms and conditions of the player's rights regardless of his actions.
Then the player proceeded to threaten us by posting this info everywhere.. Lawyers etc. I could not believe this attempt to extort us.
On the other hand, I do believe that the casinos should close accounts when requested. Also, I think that the player should also do their part as well, and not use the technicality as a means of actiing on bad faith.
This post is full of lies and it's unacceptable we will allow this to continue, please refer to this thread for the only honest and real facts in regards to the case Acarli is mentioning: https://bitcointalk.org/index.php?topic=5085983.0 |
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P.S.: Found this site on 100/1 horse strike rates. They do seem to be climbing every year, closer to the 1% equilibrium. So it may appear, statistically, betting against 100/1 horses has an edge. But phew, I could still never do that. If you want, you should do a record and collect 200 races so you have something to show =) That's actually the right spirit. Why no one is paying attention to it? PS I have a record but cannot share it here for many reasons. |
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Not everyone can go to Australia and bet on horse there(I don't know it can be done online or not).
You don't need to go to Australia or be physically present there, you simply bet from wherever you are, online. |
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Horse racing is one of the worst forms of gambling because this form of gambling is known to have been the first form to become corrupted from the horse owners. I have worked in a casino a few years ago where we would transmit via Tv horse races from London and people got broke with it. I doubt very much horse racing.
Horse racing is the worst form of gambling for a gambler, for someone to predict which horse would win the race, but here you LAY the horse, you choose which horse WON'T WIN the race, that's why it has much more value than you think. It's better than dice because you use real horses with real human beings in real events, and not just randomness from a dice ... Besides some theories you raised here I don't see anyone who can show me when a 100+ horse won a race in Australia, it's very rare to see one. It could happen but usually by the time it does (and assuming you took that race) - you can not only double but triple and quadruple your initial investment. |
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Here are the results from Scone:  This one wasn't even making a threat. You just have to do it repeatedly, say 4-5 time a day to make $100 - $200 per day. (assuming your bankroll is $6,000). Also I wouldn't risk more than $6,000 or so, unless you are super rich - the thing is - it is possible to make some $ with it, by all means this is not a low risk investment (not only because of the races but because of all the gambling that is involved with it, you keep a balance that you can easily lose by betting it elsewhere - what you shouldn't do it if you're 100% oriented on this one). Do you want more screenshots like this? Do you want to see the account statement? |
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Here is an example - a race in Scone, Australia in 5 minutes - this horse is 7 year old, price on this one has gone up, it's no good whatsoever, won't win this race:  In the betting exchange you can try to sell it for 200 or SURELY sell it for 300 i.e. for $6,000 you would make $20:  Is the risk high? No, it's a losing horse, 100%. Are you asking if this is difficult to do it repeatedly? It's up to you, but I'm just mentioning this horse for instance if you check its data is good for nothing. WHen you deposit huge amount so when a bookie intentionally want that hirse to win to go bankrupt,we call it as match fixing right so we have a way but it can go the wrong way most of the times.
That's why you choose a location like Australia, and not South Africa. South Africa is much more prone to these types of corruptions, Australia is much more solid, and of course any location - Australia or the UK can get some corruption in it, but usually it happens with lower priced horses, not these ones that are completely trash. |
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You say it is a proven way - please produce the proofs!
There is no proven way to make money from gambling or sports betting. Gambling is not a method of making money - no matter how good are you at it!
It should not be a big problem to prove it because he had no losses so far, means that he is in a very great profit. But if he cant prove it, so all those long sentences are just like an imaginary writing. I have to agree that there is no proven way to make profit on gambling. So it will be much more appreciated if there is valid proof. No offenses for the OP, but are talking about the reality in gambling here. Absolutely there is no way to make profits from gambling long term - and this method discussed here had "failed" a few times but long term it made more profits than losses. I can take screenshots from the next bets if you wish to see a proof but it won't prove much as almost every race you get a "winner" (i.e. a losing horse). Still, it's something to think about, much better than playing random games with random occurrences, of course this also has some randomness built into it, but with the right data it's pretty much eliminated, much better than many other forms of gambling - nonetheless ... gambling is bad by nature, it's not a positive thing and we in our business do not encourage business - this information is just brought to you in case you want to become "investors" and try this method - it does work pretty well for many people who do that, but still, there is risk, feelings and emotions, temptations, and stress involved, so it's not suitable for everyone. |
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