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** April Poker League Result : 1st Like2Fish, 2nd McG, 3rd andybell666 **

ofcourseitwas

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Posts posted by ofcourseitwas

  1. Re: Anyone heard of 'Let it Ride' offered by Sportsbooks? Yes but with a good system showing a 95% hit rate, you could bet 10 games in 1 multiple at a time at really good odds and win 1 out of 2. :dude

    Bookies love multiples as their overround get even better. Assume you bet on a coin flip. Bookie offers you 1.90 on heads. Scenario I: Starting bank 2 units. You bet 1 unit each on two coin flips, no multiple. 1 in 4 you win both bets, you get 3.80 units back. 2 in 4 you win one bet, you get 1.90 units back. 1 in 4 yow win no bet, you get 0,00 units back. In average you will now have a bank of 1.90 units after two coin flips. Scenario II. Starting bank 2 units. You bet 2 units on a multiple of two coins flips. 1 in 4 you win, 2 x 1.90 x 1.90 = 7.22 units back. 3 in 4 you lose, you get 0,00 units back. In average you will now have a bank of 1.81 units after two coin flips. See why bookies love silly punters to burn their money on multiples?
  2. Re: Anyone heard of 'Let it Ride' offered by Sportsbooks?

    Sorry, don't know of this specific bet. It seems to me though that if the bets are spread over a number of days then you may be better placing your 1st bet (and each subsequent bet in the 'multiple') at the bookie with the best odds at the time and placing the returns from each bet at the bookie with the best odds as you go, which in effect will give you your multiple anyway. GL
    haha thanks for the advice davidc :eek youre right it's exactly the same as multiples, i never wouldve thought of that:zzz
  3. Just had a thought today that it would be nice to be able to make a multiples bet, but not have to choose all of the bets at once. For example, if you had a good system with high percentage of wins, but the games were spread out too far apart (maybe only 5 selections per week), you couldn't place all of the bets together in a multiple (because odds for later matches are not offered by bookmakers yet). Is there such thing as a 'let it ride' bet offered by bookmakers? It would be a multiples bet, but you would only have placed your original stake and if any subsequent game you choose loses, the entire bet is lost. Just wondering if anyone had heard of this?

  4. Re: Home Form Counts!

    Matches for tonight yet to be played, but going ahead and posting the lone selection tomorrow: Universidad de Chile vs Caracas (Copa Lib): back U. Chile -1 @ 1.90
    A draw is not a loss :). I'm not sure if I should include draws in calculating my yield? Can someone offer any opinions on that? Not counting drawn bets, the yield would be somewhere around 46%. Universidad de Chile vs Caracas (Copa Lib): back U. Chile -1 @ 1.90 :) Bets: 11 Won: 10 Staked: 110 Profit: +36.8 Yield: 34%
  5. Re: Need laying tool or spreedsheet your total liability for each bet should only be 2% of your total bank. If all 10 bets lose, you've only lost 20% of your starting bank. you could set up a simple formula to find out your stake: (2% / (1-odds)) = stake step 1: subtract 1 minus the odds step 2: divide 2 by your product from step 1 so if your starting bank was 100$ and you only wanted to risk 20% on 10 bets, you would only want to risk 2$ on each bet: Bet 1: (2$ / (1-1.70)) = 2.85$ is your stake Bet 2: (2$ / (1-2.40)) = 1.43$ is your stake In both instances, you would only lose a maximum of 2$ (2% of your starting bank of 100$) on each bet. After 10 bets, the maximum you would lose is 20% of your total bank. Ask me if this is not clear enough

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