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Not much to report. Still going not dead yet, no changes to strategy
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Omega's $50 sport betting challenge and tips
- Thread starter OmegaTrader
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Still going nowhere, but alive and limping
Damn you orlando magic losing by 1 point at about $6+ odds too
cheers
Damn you orlando magic losing by 1 point at about $6+ odds too
cheers
Kryzz
shaun
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Interesting thread Omega!
Now that footy season's back, it means time to bring back the multi bet. Skimming through your thread made me think it might be fun to go through my own sportsbet history (since Nov 2012).
2,371 bets placed and haven't even lost a grand! Not too bad in my opinion.
Good luck!
Now that footy season's back, it means time to bring back the multi bet. Skimming through your thread made me think it might be fun to go through my own sportsbet history (since Nov 2012).
2,371 bets placed and haven't even lost a grand! Not too bad in my opinion.
Good luck!
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Thanks Kryzz
I think the spread is really hard to beat 2-5% in most cases.
Divide your loss by volume to see how much you have lost.
You can then compare this to the spread you are paying. For example if you are losing .5 to 1% overall you probably have an edge but the spread is killing you etc etc
If you are looking for value in the odds you need a reasonable edge to overcome this and are taking on alot volatility to get decent returns.
Still I keep trying...
Betfair is a completely different beast, allows you to be a bookie of sorts by laying and arbing. But still doesn't guarantee success as you need to have expertise and resources to use book making/arbing strategies
cheers
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Give me the tips baby give me the tips....
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Looks to me that you are betting way too much (probably chasing losses in some instances), no strategy or system in place and far too wide spread of bets.
You are just shotgunning bets left, right and centre with daily average of 16 bets per day since the challenge began.
I think you should cut down the list to <5 sports (even less, possibly 3) and focus a bit on expected outcome and work from there.
Looking at your list nothing jumps out as a clear winning event for you. Of the winning events, they look barely break even (or luck). My advice would be to totally give away horse/greyhound/harness racing and probably at least focus on tennis, (possibly) basketball and soccer/cricket as a 3rd/4th option.
pinkboy
You are just shotgunning bets left, right and centre with daily average of 16 bets per day since the challenge began.
I think you should cut down the list to <5 sports (even less, possibly 3) and focus a bit on expected outcome and work from there.
Looking at your list nothing jumps out as a clear winning event for you. Of the winning events, they look barely break even (or luck). My advice would be to totally give away horse/greyhound/harness racing and probably at least focus on tennis, (possibly) basketball and soccer/cricket as a 3rd/4th option.
pinkboy
Kryzz
shaun
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Yeah not wrong mate, this is just a sportsbet account for fun. Not trying to implement any system/structure in place like Omega is here.
Won't be giving up the punt on the ponies anytime soon
. What else would I do when I'm at the pub with the ladz!- Joined
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11 straight losses in a row. Far out. I can't be that bad can I ???
I am going to go soon. Can see the grim reaper smiling at me and waiting.
Around $10 left. If I just switched my strategy to the complete opposite then I would be laughing. But I don't think it is that easy somehow...
I am going to go soon. Can see the grim reaper smiling at me and waiting.
Around $10 left. If I just switched my strategy to the complete opposite then I would be laughing. But I don't think it is that easy somehow...
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If you don't mind a suggestion, toss a coin for the last bet and put then whole $10 on it. Surrender has power. Surrender to wiping out your account and you'll win.
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Good idea for subjective activities but I don't think I will do that for this. Thanks anyway for the suggestion.
1) I have no edge over bookie spread
2) Position size is to high
Going all in prob want change this
Cheers
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No problem, it's your choice.
With my sports betting account, I attempted to approach things scientifically. It took me a few months before I realized I wasn't David Walsh. My account did what yours is doing. I started with about $2000 and having lost all but $100, I thought 'F##k it, I'm done'. I just put it all on the first game I saw and walked away, knowing that I could close my account and not have to bother with it any longer. I can only describe what happened next as a strange feeling of knowing my bet would win. It was the most unusual feeling of certainty. Anyway, it did win at good odds. I withdrew what I had and closed the account anyway. I have since tried to replicate this and it's amazing watching one's own mind and how it has this tendency to grasp at the desire to win. Quite destructive it is, because fear always makes you choose badly.
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Got Bulldogs at $2 when scores were only a goal the difference, half way through the last quarter. You'd think that was completely impossible, but massive odds swings can happen, offering extraordinary value. I'll take that.
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Ladbrokes had WB enhanced odds up to $1.70 (from $1.38 iirc). This then caused an arbitrage opportunity with almost every other bookie having the Tigers > $2.80.
Profit no matter the winner.
pinkboy