Matched Betting Discussion [OT] Discussion about Matched Betting II {Beginners Guide in 1st Post}

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
2,389
Points
283
What's this dodgy accumulator thing they're talking about on ITV racing then? Just turned it on while they were halfway through discussing it.
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
It was about a 'perfect storm' acca, where there were a lot of bets on the same acca (which may have been one from a tipster) containing a few horses which had dropped dramatically in the odds from the 'early prices' odds, and then the first few of them had won. Can't remember the last horse in the acca, but the bookies were due to lose millions if it came in. There wasn't any suggestion that anything illegal had gone on, but that the bookies had messed up with the early prices.
 
  • Like
Reactions: homie

Jon

Money Making Megastar!
Joined
Oct 17, 2013
Messages
32,378
Points
283
Age
42
Location
Leeds
Liverpool obvs concentrating on the champions league!
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
Liverpool obvs concentrating on the champions league!
They're concentrating on the Ferrari's they bought with last year's huge bonuses they got, and coming up with excuses so people don't question why they are paid OBSCENE amounts of money for playing what is still just a 'game' and not a 'real' job.
 
  • Like
Reactions: Jon

rninja

Matched Betting Ninja
Joined
Apr 20, 2017
Messages
1,159
Points
203
Those bookies 'might lose millions' stories always raise a chuckle. Great PR for them. In reality, they'll be monitoring liabilities and hedging off each selection.

Having said that, still not forgiven Annie Power's last fence fell at Cheltenham 2015. Betfred put up a multiple at 20/1 (way above true odds) and Annie was the final leg :(
 

Karonher

Money Making Megastar!
Joined
Jan 25, 2014
Messages
1,899
Points
233
They're concentrating on the Ferrari's they bought with last year's huge bonuses they got, and coming up with excuses so people don't question why they are paid OBSCENE amounts of money for playing what is still just a 'game' and not a 'real' job.

A bit like actors,singers ,tennis players and a lot of others really but they don't get the same level of criticism. Footballers are just an easy target.
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
A bit like actors,singers ,tennis players and a lot of others really but they don't get the same level of criticism. Footballers are just an easy target.
Somewhat true, but footballers get a huge salary no matter the results. A tennis player gets a smaller bonus for qualifying, but if they don't progress they don't get paid any more. A win (or scoring) bonus for a footballer is so small the incentive is not huge. Personally I would equate them to the senior managers in most PLCs, 95% of which get paid slaries far in excess of their results.
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
In reality, they'll be monitoring liabilities and hedging off each selection.
I think that is why it was more of a story, because the early prices were very high, and therefore the cost of hedging the later legs was too large to make sense.
 

Karonher

Money Making Megastar!
Joined
Jan 25, 2014
Messages
1,899
Points
233
I think that is why it was more of a story, because the early prices were very high, and therefore the cost of hedging the later legs was too large to make sense.
Its a short career for most - not many play more than 10 years at the top. If it wasn't so popular the wages probably would be much lower. If they don't perform they will be out of the team then out of the club.
 

rninja

Matched Betting Ninja
Joined
Apr 20, 2017
Messages
1,159
Points
203
I think that is why it was more of a story, because the early prices were very high, and therefore the cost of hedging the later legs was too large to make sense.
They'd have balanced their book across all races anyhow, but they can't resist the PR fluff about "losing x amount". I know people who work for bookies and they re-back the horses that the firm has big liabilities on.
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
They'd have balanced their book across all races anyhow, but they can't resist the PR fluff about "losing x amount". I know people who work for bookies and they re-back the horses that the firm has big liabilities on.
The issue was not a single horse, but an acca on a number of horses all that were big odds and had come down to much lower odds. They balance the book for individual horses but accas are more difficult - almost like the day Frankie had 7 winners. They had a guy from PP talk about it on ITV.
 

rninja

Matched Betting Ninja
Joined
Apr 20, 2017
Messages
1,159
Points
203
@jkg-jkg, I know. The big priced winners would've been balanced against the other horses in each race that didn't win. True, ACCAs can be more difficult to hedge - but not as much as they'd like you to believe. Small bookies have alerts on their system for big liabilities, those horses get hedged off and money attracted to other horses to balance the book. The big firms are more advanced.

Also, Dare I say the broadcaster has a vested interest in generating postive PR for a betting/racing firm.
 

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
2,389
Points
283
Somewhat true, but footballers get a huge salary no matter the results. A tennis player gets a smaller bonus for qualifying, but if they don't progress they don't get paid any more. A win (or scoring) bonus for a footballer is so small the incentive is not huge. Personally I would equate them to the senior managers in most PLCs, 95% of which get paid slaries far in excess of their results.

Also. why are premier league footballers all sporting immaculate haircuts while the rest of us have hair like Boris Johnson
 

Wibble

Money Making Megastar!
Joined
Jun 29, 2017
Messages
369
Points
203

Jon

Money Making Megastar!
Joined
Oct 17, 2013
Messages
32,378
Points
283
Age
42
Location
Leeds
Also. why are premier league footballers all sporting immaculate haircuts while the rest of us have hair like Boris Johnson
seen soooooo many people commenting on social media about the haircuts thing lol
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
Also, Dare I say the broadcaster has a vested interest in generating postive PR for a betting/racing firm.
Oooh, you old cynic. But unfortunately very (very very) likely to be true
 

Karonher

Money Making Megastar!
Joined
Jan 25, 2014
Messages
1,899
Points
233
Also. why are premier league footballers all sporting immaculate haircuts while the rest of us have hair like Boris Johnson
I did hear that there were facilities for a lot of them at the club - someone becomes part of the bubble. Clearly no one told Andros Townsend
 

Jon

Money Making Megastar!
Joined
Oct 17, 2013
Messages
32,378
Points
283
Age
42
Location
Leeds
Just spotted this on Betfair. Starts tomorrow.

the dark knight joker GIF by hero0fwar
 

Members online


Amazon Discount Finder Tool

Find hidden 80%+ savings on Amazon products



 

 

 

 

 

 

 

Forum statistics

Threads
7,380
Messages
199,739
Members
11,387
Latest member
jbniche1