2018/2019 Betting Thread

Lesson in why you should never cash out under any circumstances, exhibit A:

If you’re going to cash out at five grand anyway, why would you even put a bet on at 58522/1? Do something that’s priced 1000/1 and give yourself a better chance?

Or does the bloke not think the bet is going to win and so he’s basically throwing money away?

@bobmunro - are there any statistics on cash out amounts paid out versus what would have been paid out if bet left to run ?

MrOneLung said:

@bobmunro - are there any statistics on cash out amounts paid out versus what would have been paid out if bet left to run ?

Broadly speaking, cash-out as a whole adds about 0.3-0.5% points to the margin for the bookmaker. Overall margin around 4%.

Callumcafc said:

I mean at 58000/1 I suppose you’re not expecting any money back anyway which makes this whole thing pointless!

Bottom line is, I just can’t get my head around people not betting with value on their side and then using cash outs to further line a bookmaker’s profits.

I never cash out, but i probably be close here. Yes its a £5 bet but £5k return and as mentioned could easily be lost, still if it was me easy to say might cash out probably still wouldn't. At least he won a decent amount anyway cant really grumble too much

johnnybev1987 said:

clb74 said:

Callumcafc said:

Lesson in why you should never cash out under any circumstances, exhibit A:

https://twitter.com/mikenewman5/status/1081983336405495813

No.
It's why you perm these bets.
50p 6folds would of already seen 1 come in about £1400 cashout on 6 folds say £2500.
He could of cashed out 6 folds and let the accy run

How would that work exactly? Or do you mean rather than cashout, just bet on draws/other results that are not 2 + goals

I think he means rather than betting £5 on a 7fold he could have done 7x50p 6 folds and then £1.50 on the 7 fold.
That way 1 of the 6 folds would have been a winner before the final game. You could then cash out the other 6 x 6folds for big profit and let the 7fold ride.

HOWEVER

Looking at the odds of that bet I don't think it was a case that he had 6 results in and he was waiting for the last game which kicked off later. The cashout would/should be a lot higher in that case. More likely he's cashed out after game 5 or midway through game 6 imo

clb74 said:

johnnybev1987 said:

clb74 said:

Callumcafc said:

Lesson in why you should never cash out under any circumstances, exhibit A:

https://twitter.com/mikenewman5/status/1081983336405495813

No.
It's why you perm these bets.
50p 6folds would of already seen 1 come in about £1400 cashout on 6 folds say £2500.
He could of cashed out 6 folds and let the accy run

How would that work exactly? Or do you mean rather than cashout, just bet on draws/other results that are not 2 + goals

The first paragraph of what Steve said.
Has this bloke cashed out with a couple of games to go.
Or his let it ride and cashed out when Leicester scored

Good call. Maybe he cashed out when Leicester equalised.

RaplhMilne said:

The winnings on 50p six and seven fold would be a fraction of that on the £5 all 7. If I could be bothered I'd work it out. Potentially I would say eachn6 fold about £3000 and the 7 about £10,000. So get all correct for about £30,000 tops as opposed to £292,000.

In the example above the 7 x 6folds would return just over £51k for the £3.50 stake. Plus £1.50 on the 7fold would return almost £88k.
Total of 139k from the fiver.
Obviously less than the 292 but that’s the point perming the bet, a safety net that if 1 let’s you down you’ve still got a profit
In this case that would be between £2400 and £11,700 depending on which selection lost.

My bet is his let the bet run they were probably offering a lot less on cashout say £30k ,leceister scored and he thought £5,700 better than nothing

clb74 said:

RaplhMilne said:

The winnings on 50p six and seven fold would be a fraction of that on the £5 all 7. If I could be bothered I'd work it out. Potentially I would say eachn6 fold about £3000 and the 7 about £10,000. So get all correct for about £30,000 tops as opposed to £292,000.

Ralph I'm saying he could of layed out another £3.50 on top of the £5
He had would have had one 6 fold in already at £3000 the cashout for the other 6folds say another £3000 that's £6000 cash that out and let the accy ride.
On another note 10p fivefolds would of paid £7000

Ah I see, agree that would have been wise. As we all know bookies love this dream winning accumulators, as they very rarely pay out. With the prices involved in the bet I would definitely have permed. However, the £5000 is still a very nice pickup.

Robbo on the wing said:

Not quite sure what is going on at Wrexham.
Lost at home to Dover last weekend.
They are away at Bromley tonight
Bromley are evens.

Bromley are 8/5

Luton to finish outside top 6
33/1

Addickted2U said:

Not quite!!!!!!!!!

Unlucky pal

Levante/Barcelona tonight I got Barce to score in each half and Barce 4+ corners each half at 33-1. Doesn't seem too outlandish to me although it's a cup game so probably won't see any of the big guns playing.