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value seeker

TRY THIS EXERCISE

Go on betfair with nothing more than some scrap paper and a pen ,six minutes before the race write the horses numbers down and their current price next to it,ie 4.25 number 8.watch over the last 6 mins before the race ,the prices move up and down ,forget they are horses it does help if you have some knowledge but the complete beginer can do this ,they pretend they are share prices and watch how they perform,taking into account the horse lenghtening ior shortening in price ,with one minute before the off make your selection on where the money is going (you can have a imaginary bet as part of the exercise)you will find that ...........
Money talks ,bullshit walks
alansouthcoast

Just as in the shops, the way the betting is going can be a significant guide. The problem is they dont always get it right, and often there is more than one horse backed in a race.
Owl of Minerva

It's a simple fact that if you back drifters on betfair you will do better than backing the price contractors, so long term money doesn't talk at all; apart from in peoples imaginations
jennywales

And it's all fashion anyway.....

geordie_racer

Owl of Minerva wrote:
It's a simple fact that if you back drifters on betfair you will do better than backing the price contractors, so long term money doesn't talk at all; apart from in peoples imaginations


the drifters had better music than the contractors

but whats those dresses got to do with it?

Im confused
lochsong

I like the wench on the left.

YAIYAM

lochsong wrote:
I like the wench on the left.



Its not only the best horses you can't pick then Lochsong  
jennywales

Sorry Geordie, I suppose my point was that as betting systems develop and change (introduction of legal off course bookmaking, TV, SIS, telephone betting, internet, exchanges) so do "fashions" in how to pick winners, which if it were possible to make genuine comparisons, would probably prove as effective as each other over the longer term.

We now have a huge amount more information readily available at our fingertips, and I wonder if, for example, the people who swear by trends and stats would have been able to in earlier times because the information either wasn't there in the frst place, or it was inordinately difficult to find (relatively speaking).

So "fashions" in how to pick winners have no doubt always existed and will continue to do so. Clearly, though, no-one has cracked the perfect system, because that would be the end of betting!
geordie_racer

jennywales wrote:
Sorry Geordie, I suppose my point was that as betting systems develop and change (introduction of legal off course bookmaking, TV, SIS, telephone betting, internet, exchanges) so do "fashions" in how to pick winners, which if it were possible to make genuine comparisons, would probably prove as effective as each other over the longer term.

We now have a huge amount more information readily available at our fingertips, and I wonder if, for example, the people who swear by trends and stats would have been able to in earlier times because the information either wasn't there in the frst place, or it was inordinately difficult to find (relatively speaking).

So "fashions" in how to pick winners have no doubt always existed and will continue to do so. Clearly, though, no-one has cracked the perfect system, because that would be the end of betting!



I get it now!!
The truth is though that it will never be the end of betting because

[a] sport is unpredictable. a trend is only a trend, not a guarantee of future outcomes; and

[b] the market in bettng and the available price is driven by a combination of money [mainly] and the bookies' judgement [in particular with the smaller bookie] so that you still have to back your judgement over someone else's


By the way lochsong, I would take the one in the middle.
Machiavellian

I'd go for all 3

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