A proven way to make money from gambling - what's your opinion about this?

[Get-Paid.com]

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.

[Get-Paid.com]

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?

[jrrsparkles]

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.

Not everyone can go to Australia and bet on horse there(I don't know it can be done online or not).

But my intention is to mention that it can be completely go upside down when someone want that to happen.

[buwaytress]

My opinion: that is a terrible way to "grow" your bankroll and is a proven way to lose everything.Believe me a lot of people are trying that each day. You say go for 100/1 odds, well, that's the equivalent of going to a dice site and betting at 99% chance to win (yes, this exists in dice games if you don't believe me).

You say 200 bets to gain even? Well if you use compounding in dice games at 98% win (for about 1% gain at 1% house edge), you can double your bankroll in only 70 rolls.

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

And still people lose at 99% chance;)

That's not the same as 99% chance of a dice.
You choose that horse to lose based on several factors, such as previous record, previous Jockey, you get all these stats immediately at many sites without having to dig for this data.

You also don't have to gain even, if you are happy with making $1000 - just take it out and continue later on when you feel comfortable - the chances are better if you don't do it constantly time after time but instead - choose carefully your venue etc.

I do get it's not the same, but I have a feeling it's rather hugely more variant than we'd think. I bet on sports a lot too and there's just so much to account for that they've got hundreds of analysts and computers drawing up the initial odds for football which has arguably more variables than horse racing.

It just feels like a really bad idea (and certainly not a proven method) to use your strategy on 200 horse bets just to double the bankroll, when it seems far easier to use a provably fair method at about equal chances.

Furthermore, with bookies, they may never always take your full 6k bankroll, and then there's so much chance for collusion, bad luck... you do say Australia is less prone to corruption but that doesn't mean it isn't bulletproof. I'd rather risk it on pure maths on dice is what I'm saying - not that I'd ever risk 6k for $60!

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 =)

So, 70 rolls at 99% win and provably fair? I'd say that's far better chances than betting 200 times at horses without provably fair!

So that calculable, if 70 rolls of a duplicate bet were made then 99% becomes  49.4% of never losing that bet.    This is the same deal as the green slot on roulette wheel, it dont have to win often just being there means the house wins often enough to pay the dealers, rent etc

Yeah, I did count in house edge already for those 70 rolls. It would be fewer rolls without edge. I'd still never all-in $6 70 times at 99% chance though. Madness. Unless that were maybe 1% of my bankroll, and I just wanted to show off or build up a wagering record. Playing for wagering prizes makes that +EV.

[QuadsPoker]

I personally think this is a risky business you are in. I am loving sports bets as well. For fun I place accumulators for the big shots with low buy-in. But I think the only way to make consistent money with sport betting is by doing arbitrage bets or following an value betting strategy. Both arbitrage and value betting are 2 proven strategies that can generate consistent ROI on a long term point of view

[Indamuck]

I personally think this is a risky business you are in. I am loving sports bets as well. For fun I place accumulators for the big shots with low buy-in. But I think the only way to make consistent money with sport betting is by doing arbitrage bets or following an value betting strategy. Both arbitrage and value betting are 2 proven strategies that can generate consistent ROI on a long term point of view

Very few people can actually become a professional gambler. If it was really easy casinos would all go out of business.  Guys that are willing to put in the work and do lots of research on matches can come out on top but they need a large bankroll to withstand any variance that may come there way for an unlucky streak.

[mOgliE]

Your title is completely misleading.

This isn't a proven way to win, this is just betting at low odds, which is probably the worse possible way of gambling... You're sur to win only a veeeeeeeery tiny amount of money when winning, and you lose it all if the horse gets to win...

[gabmen]

Your title is completely misleading.

This isn't a proven way to win, this is just betting at low odds, which is probably the worse possible way of gambling... You're sur to win only a veeeeeeeery tiny amount of money when winning, and you lose it all if the horse gets to win...

Right. And i probably wouldn't have the patience for this tactic. Why gamble at all then? You take away the excitement by playing a little bit too safe that you compromise a lot of things that make gambling fun.

[eternalgloom]

Your title is completely misleading.

This isn't a proven way to win, this is just betting at low odds, which is probably the worse possible way of gambling... You're sur to win only a veeeeeeeery tiny amount of money when winning, and you lose it all if the horse gets to win...

Right. And i probably wouldn't have the patience for this tactic. Why gamble at all then? You take away the excitement by playing a little bit too safe that you compromise a lot of things that make gambling fun.

What does patience have to do with it? You increase your bet sizes and you can still win decent amounts...

That said, I do think that over the long term, you're bound to lose some time.
This might be a very low risk way of betting, but it sure isn't 100% guaranteed.

I really doubt that this is actually +EV for the player.

[Barbut]

Your title is completely misleading.

This isn't a proven way to win, this is just betting at low odds, which is probably the worse possible way of gambling... You're sur to win only a veeeeeeeery tiny amount of money when winning, and you lose it all if the horse gets to win...

Right. And i probably wouldn't have the patience for this tactic. Why gamble at all then? You take away the excitement by playing a little bit too safe that you compromise a lot of things that make gambling fun.

What does patience have to do with it? You increase your bet sizes and you can still win decent amounts...

That said, I do think that over the long term, you're bound to lose some time.
This might be a very low risk way of betting, but it sure isn't 100% guaranteed.

I really doubt that this is actually +EV for the player.

From all gambling games, betting on horse and dog racing are the ones I dont like at all. I dont know anyone who made money on this, and I know a lot of people who like to bet on horses and dogs. Betting on low odds is never a good way to bet, in any sport, when you win you win a little, when you lose you lose a lot, after everything you end up losing much more than winning. People will never learn that there isnt a proven way to win in gambling, you need to lose in gambling too, its the game where you win and lose all the time, good gamblers just win more than they lose, others lose more than winning.

[swogerino]

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.

[Get-Paid.com]

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.

[mOgliE]

I really doubt that this is actually +EV for the player.

Any +EV method is bound to disappear quite fast...

So something as simple as betting on the low odds... It can't be +EV

[Get-Paid.com]

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.

[Get-Paid.com]

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.

[Get-Paid.com]

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!

Actually waiting for the proof because telling about success is easy but proving it out would really be hard. I cant even imagine to ROI or break even on 200 games.

You are welcome to see it and respond as well, it's here:

https://bitcointalk.org/index.php?topic=5089805.0

[goaldigger]

The only way to make money on gambling is having your own gambling site or becoming the banker of the bettimg game. No one has a sure earnings on gambling except if you are the one who initiates it. The odds of you winning is 90 -100% whilst the better only have 5-20% depending on the kind of game you are having.

[swogerino]

The only way to make money on gambling is having your own gambling site or becoming the banker of the bettimg game. No one has a sure earnings on gambling except if you are the one who initiates it. The odds of you winning is 90 -100% whilst the better only have 5-20% depending on the kind of game you are having.

This has been the case since ancient times only here you are making a good 20% chance to win for the gambler when in reality it is just below 10%.

I wonder if gamblers do not understand the simple fact that new casino houses are popping up everyday and this to me means that the house always wins. So no matter what strategy anyone tries to apply the outcome is 100% right that he will lose the money in the longer term.

[Get-Paid.com]

I wonder if gamblers do not understand the simple fact that new casino houses are popping up everyday and this to me means that the house always wins. So no matter what strategy anyone tries to apply the outcome is 100% right that he will lose the money in the longer term.

You are right, in every single Casino game you are 100% guaranteed to lose because of the house edge.

But this is not Casino!

What I exemplify here is you betting against other people - using BetFair - you actually don't have many "new casino houses" doing what BetFair is doing, you have BetDaq and Matchbook but BetFair is still the #1 website for this kind of activity.

Also unlike normal betting in horse racing where you need to guess which horse would win the race - here you can guess which horse would LOSE the race and that's how you make profit - you are actually in some way being the house here, because you use a huge balance to "sell" other bettors the opportunity to bet on horses with high odds.

Nonetheless it's still gambling, and BetFair (or Orbit Exchange in this regard) makes a commission regardless of who wins the bet, so they are the real "house" here, but this was just a new method for you to think about (it's actually not so new, but I haven't seen many people talking about longshot horses, I did see tons of articles about "laying the favorite" but no one actually talks about longshots).

[Get-Paid.com]

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