Thread: Don Scott
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Old 9th February 2005, 02:12 PM
Shaun Shaun is offline
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Alex Bird was legendary for being a Professional punter he led a champagne lifestyle for over 40 years at the bookmakers expense! One of the things the great man realized was that the huge difference in bookmaker's odds could lead to the backer having a "no-lose" situation. This was called an "Arbitrage". Alex Bird, with his network of contracts both in the UK and in the US famously bet huge sums on the outcome of events when he knew he had all the possible outcomes covered. He never relied on "contacts" from stables or other such madness to determine whether a gamble was going to take place! Bird knew the only way to guarantee his millionaire lifestyle was by getting his sums right every time he placed a bet. Every punter will tell you that the problem has always been trying to obtain information on forthcoming events & a full list of bookmakers odds. Then being able to move quick enough to take advantage of the discrepancies. The day betting tax was introduced into law Alex bird never struck another major gamble. The role of the "Arbitrage" in betting had become almost impossible to exploit!

That was until the explosion of the Internet and tax free betting. With the ever increasing number of bookmakers now operating from tax-free sites & with tax-free betting those exciting days have returned, not just for the likes of Alex Bird but for the average punter who's sick of giving their hard earned cash away to hungry bookies.


If this is the same guy then it would seam he had different types of betting activity.....i have always belived that the winner of this game will be the people that can look beyond the form and find the solution in maths.
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