
8th August 2004, 12:20 PM
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Banned
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Join Date: Jan 1970
Posts: 759
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Baloo, profit does not equal a value bet.
There are NO certainties. Gambling is based on probabilities, meaning that nothing is a sure thing.
If you constantly bet on 'sure things', say teams priced at 1.05 (fair odds). You would win 20/21 times, only enough to breakeven. Now the bookies obviously use below the fair odds, so you will lose longterm. Trust me, it doesn't work.
Mo, there's nothing consistent about an income off sports. I reached a bankroll high just a couple of weeks ago, but have dropped 33% of that since. Next week I might make it all back again, or I might drop even further down. This is way money management is so important. The variance is really crazy.
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