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If it seems too good to be tue, it usually is.

 
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alansouthcoast
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PostPosted: Wed Jul 01, 2009 10:18 pm    Post subject: If it seems too good to be tue, it usually is. Reply with quote

I got smart today and layed two horses for a place on Betfair. I then backed both to win at around 2/1.

If both were unplaced I was laughing. If one won I got my stake back. It seemed too good to be true and it was. The damn things finished second and third, so all four of my bets lost.

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Owl of Minerva
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PostPosted: Wed Jul 01, 2009 10:22 pm    Post subject: Re: If it seems too good to be tue, it usually is. Reply with quote

alansouthcoast wrote:
I got smart today and layed two horses for a place on Betfair. I then backed both to win at around 2/1.

If both were unplaced I was laughing. If one won I got my stake back. It seemed too good to be true and it was. The damn things finished second and third, so all four of my bets lost.


Carslberg don't do stupid bets . . . .

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alansouthcoast
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PostPosted: Wed Jul 01, 2009 10:26 pm    Post subject: Reply with quote

I was also on Hannons horse which was favourite and beaten by the well backed outsider.....His second string.
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theGoingStick
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PostPosted: Wed Jul 01, 2009 10:26 pm    Post subject: Reply with quote

I did something similar when I first started using betfair. I would lay a horse to win and back them in the place market, my thinking was that if it won then I'd limit some of the damage and that favourites had an above average chance of making the frame.

Needless to say I didn't make it onto the front page of the News of the World because I'd won £20 million in a fortnight  
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Owl of Minerva
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PostPosted: Wed Jul 01, 2009 10:27 pm    Post subject: Reply with quote

Alan I'm just curious to know at what point did you think this terrible strategy seemed too good to be true  
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alansouthcoast
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PostPosted: Wed Jul 01, 2009 10:32 pm    Post subject: Reply with quote

Owl of Minerva wrote:
Alan I'm just curious to know at what point did you think this terrible strategy seemed too good to be true  


Right before I rang Jordan to see if she wanted to go for a burger.  

I made it a two horse race, the theory was if either won I would cover my bets. I got suckered in by my own logic.



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