trading is gambling ,you back you lay, you risk at certain points and times, its gambling..Wow!
If you don't mind me asking, do those figures relate to gambling or to trading, or both?
Jeff
15.40 Sthl and 15.50 folk ... were they FIXED?
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mister man
- Posts: 363
- Joined: Tue Jul 27, 2010 2:10 pm
That's debatable - some people would argue that, if you know what you're doing, luck doesn't really come into trading, so it's investing rather than gambling.
But I think the distinction I was making was clear!
Jeff
But I think the distinction I was making was clear!
Jeff
mister man wrote:trading is gambling ,you back you lay, you risk at certain points and times, its gambling..Wow!
If you don't mind me asking, do those figures relate to gambling or to trading, or both?
Jeff
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mister man
- Posts: 363
- Joined: Tue Jul 27, 2010 2:10 pm
dont agree, trading is gambling, if i "invest" £100 backing chelsea at 1.5 and then 60minutes later i lay chelsea at 1.05 for £120 is that trading or gambling.
if i back chelsea at 1.5 for £100 and 1 minute later i lay them at 1.49 for £100.50 is that gambling trading or "investing"... on each occasion the odds could move against me or for me.... its my judgement that im relying on, in a risk situation taken with money, its gambling...
if i back chelsea at 1.5 for £100 and 1 minute later i lay them at 1.49 for £100.50 is that gambling trading or "investing"... on each occasion the odds could move against me or for me.... its my judgement that im relying on, in a risk situation taken with money, its gambling...
I am afraid I can't say anymore except the Jockey may also fall off.
Nice fix.Each trade carries risk. But if you have an edge, then long-term the chances of you losing money are close to zero, so it's not gambling IMHO.
Jeff
Jeff
mister man wrote:dont agree, trading is gambling, if i "invest" £100 backing chelsea at 1.5 and then 60minutes later i lay chelsea at 1.05 for £120 is that trading or gambling.
if i back chelsea at 1.5 for £100 and 1 minute later i lay them at 1.49 for £100.50 is that gambling trading or "investing"... on each occasion the odds could move against me or for me.... its my judgement that im relying on, in a risk situation taken with money, its gambling...
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SamWilson82
- Posts: 95
- Joined: Sat Jan 02, 2010 11:23 am
mister man wrote:dont agree, trading is gambling, if i "invest" £100 backing chelsea at 1.5 and then 60minutes later i lay chelsea at 1.05 for £120 is that trading or gambling.
if i back chelsea at 1.5 for £100 and 1 minute later i lay them at 1.49 for £100.50 is that gambling trading or "investing"... on each occasion the odds could move against me or for me.... its my judgement that im relying on, in a risk situation taken with money, its gambling...
If i back at 6.8 and lay at 6.6 100 times is that gambling?
from: SPECULATION AS A FINE ART
Is there any difference between speculation and gambling? The terms are often used interchangeably, but speculation presupposes intellectual effort; gambling, blind chance. Accurately to define the two is difficult; all definitions are difficult. Wit and humor, for instance, can be defined; but notwithstanding the most subtle distinction, wit and humor blend, run into each other. This is true of speculation and gambling. The former has some of the elements of chance; the latter some of the elements of reason. We define as best we can. Speculation is a venture based upon calculation. Gambling is a venture without calculation
Is there any difference between speculation and gambling? The terms are often used interchangeably, but speculation presupposes intellectual effort; gambling, blind chance. Accurately to define the two is difficult; all definitions are difficult. Wit and humor, for instance, can be defined; but notwithstanding the most subtle distinction, wit and humor blend, run into each other. This is true of speculation and gambling. The former has some of the elements of chance; the latter some of the elements of reason. We define as best we can. Speculation is a venture based upon calculation. Gambling is a venture without calculation
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
Sorry I was busy.LeTiss 4pm wrote:I wonder if he's just done his balls on 3.40 Towcester?
Bunglasha Lady drifted big time and 2nd Fav Overnight Fame shortened from 3.4 to 2.8
Bunglasha Lady wins!
This strategy of laying drifting horses is risky to say the least
1st of all I HAVE no BALLS if you mean testicols..
My small tits do the job.
Bunglasha Lady * 2.21 330.00 Back
Bunglasha Lady * 2.22 328.40 Lay
Overnight Fame 4.10 340.00 Back
Overnight Fame 2.79 500.00 Lay
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
I think you guys missunderstood my finds because of my bad english.
lay1800 3.0 regular drift
lay2300 2.9 manipulation,traders,punters
lay1800 2.8 etc. all trying to get a piece of it.
lay3000 2.7
lay2000 2.6
lay3000 2.5
lay4000 2.4
lay2200 2.3
lay2000 2.2
Most of this lay bets have not been matched.
Like on bunglasha lady or fifth in line (13.30sthl) 30 seconds b4 off
But when I see a gambler to take all the back bets in the queue no matter the odds of the favorite and the manipulator, the traders, the punters etc still opposing it, I ask my self is this gambler crazy or he/she knows better. He is going to lose 30K 20K etc etc he must be crazy. Then you see the race and the favorite come last????.You need 3 coincidences to confirm your suspects. Happened 5times in 2 days. It did not happened today though..today was a day to back the favorites, to back some of the adrian massey to rated horses and trade the 1st/2nd favorites. When the godgambler will do the same in the future I will lay the horse at least 1k, no doubt about that.
lay1800 3.0 regular drift
lay2300 2.9 manipulation,traders,punters
lay1800 2.8 etc. all trying to get a piece of it.
lay3000 2.7
lay2000 2.6
lay3000 2.5
lay4000 2.4
lay2200 2.3
lay2000 2.2
Most of this lay bets have not been matched.
Like on bunglasha lady or fifth in line (13.30sthl) 30 seconds b4 off
But when I see a gambler to take all the back bets in the queue no matter the odds of the favorite and the manipulator, the traders, the punters etc still opposing it, I ask my self is this gambler crazy or he/she knows better. He is going to lose 30K 20K etc etc he must be crazy. Then you see the race and the favorite come last????.You need 3 coincidences to confirm your suspects. Happened 5times in 2 days. It did not happened today though..today was a day to back the favorites, to back some of the adrian massey to rated horses and trade the 1st/2nd favorites. When the godgambler will do the same in the future I will lay the horse at least 1k, no doubt about that.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Would be interesting to know why you trade some of these big drifters as opposed to just letting them run - could you tell that one was not fixed?
As I said earlier in the thread P&L's and bets have a lot more credibility when they are an actual screen shot or better still a video as anyone can post a result after a race just by typing.
The reason I say this is that people will be reading this and seeing your 'profits' and thinking this is the quick way to early retirement only to end up finding that laying drifters can easily lead to early bankruptcy.
Yes people have a choice but there are those who will just see you posting a million pounds of profit in at most 3 months and think WOW I am missing a trick here and before they know it they will have lost their money.
Good luck and still be careful having any links to those based in the USA as there is nothing legal about them using Betfair or any other exchange to lay these horses you and your mates are identifying.
As I said earlier in the thread P&L's and bets have a lot more credibility when they are an actual screen shot or better still a video as anyone can post a result after a race just by typing.
The reason I say this is that people will be reading this and seeing your 'profits' and thinking this is the quick way to early retirement only to end up finding that laying drifters can easily lead to early bankruptcy.
Yes people have a choice but there are those who will just see you posting a million pounds of profit in at most 3 months and think WOW I am missing a trick here and before they know it they will have lost their money.
Good luck and still be careful having any links to those based in the USA as there is nothing legal about them using Betfair or any other exchange to lay these horses you and your mates are identifying.