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-   -   Is this a good investment? (http://forums.ozmium.com.au/showthread.php?t=6810)

knowledge 31st December 2004 10:35 PM

Is this a good investment?
 
No, I'm not talking about shares. :)

My TAB is offering this 'double' bet. It involves Tottenham vs. Everton and Middlesbrough vs. Man U.

I've decided to lay out my funds like this...

$20 - TOTTENHAM-MAN UNITED ($4.00) = $80 - break even
$20 - DRAW-MAN UNITED ($6.00) = $120 - $40 profit
$20 - TOTTENHAM-DRAW ($6.85) = $137 - $57 profit
$20 - DRAW-DRAW ($10) = $200 - $120 profit

this way I cover my bets and basically can't lose. Everton has very poor record against Tottenham. They lost 1-0 at home to them and haven't won at White Hart Lane since 1986. Man U are in great form (if you can believe) so I don't think they'll lose to Middlesbrough.

please add your thoughts...

DR RON 1st January 2005 07:45 AM

It would be dissapointing to see your 2 selections win and then only get your money back. Iwould have a higher proportion of my stake on the two winners so that any of the results would give you the same amount of profit. But thats
just the way I would do it. good luck

Mark 1st January 2005 10:19 AM

Quote:
Originally Posted by knowledge

this way I cover my bets and basically can't lose.



There are 9 possible results.
You are winning off 3 & breaking even off 1.
Basically can't lose ??????

Jack Daniels 1st January 2005 12:21 PM

Quote:
Originally Posted by Mark
There are 9 possible results.
You are winning off 3 & breaking even off 1.
Basically can't lose ??????


Unless Everton or Middlesbrough get up.

Looks like a pretty safe bet though.

Jack Daniels 1st January 2005 12:26 PM

Just as a matter of interest Knowledge, whats on the other side of the coin. Whats the double of Everton/Middlesbrough paying?

Jack Daniels 1st January 2005 01:59 PM

Quote:
Originally Posted by knowledge
No, I'm not talking about shares. :)

My TAB is offering this 'double' bet. It involves Tottenham vs. Everton and Middlesbrough vs. Man U.

I've decided to lay out my funds like this...

$20 - TOTTENHAM-MAN UNITED ($4.00) = $80 - break even
$20 - DRAW-MAN UNITED ($6.00) = $120 - $40 profit
$20 - TOTTENHAM-DRAW ($6.85) = $137 - $57 profit
$20 - DRAW-DRAW ($10) = $200 - $120 profit

this way I cover my bets and basically can't lose. Everton has very poor record against Tottenham. They lost 1-0 at home to them and haven't won at White Hart Lane since 1986. Man U are in great form (if you can believe) so I don't think they'll lose to Middlesbrough.

please add your thoughts...


Mate I was just looking at some sportstab odds and I think there is better value in taking their multi options:

Tottenham $2.25 x Man U $2.15 = $4.83 x $20.00 = $96.60 Profit $16.60
Draw $3.25 x Man U $2.15 = $6.98 x $20.00 = $139.60 Profit $59.60
Tottenham $2.25 x Draw $3.25 = $7.31 x $20.00 = $146.20 Profit $66.20
Draw $3.25 x Draw $3.25 = $10.56 x $20.00 = $211.20 Profit $131.20

Based on that I don't see your double option as a good investment when you could get a profit from even the most obvious of selections of Tottenham and Man U winning.

Good luck with it though!

knowledge 1st January 2005 02:08 PM

yeah sorry guys. I don't know what I was thinking yesterday, this is a stupid idea. I usually don't make 4 bets hoping that one wins and if I made a habit of this I'm sure I'd end up losing.

Imagine if Middlesbrough won, how stupid would I feel?

I guess all we can do now is sit back and hope they are both draws. :D

Jack Daniels, sportstab generally gives better odds than my TAB but that's just something I have to live with I guess.

Jack Daniels 1st January 2005 02:19 PM

Mate I wasn't trying to sound like a smartass. Just pointing out that there where better options out there.

Why not open a sportstab account if you know they often have better odds than what you currently get.

Or is it not an option available to you?

knowledge 1st January 2005 02:31 PM

nah man I knew you weren't being smartass, I just re-read what I originally said and it sounded stupid.

I'd like to open sportstab account but I can't. I've got an ozbet account and I'm not really a serious gambler, I just enjoy a bet every now and then.

:)


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