Here's a simple explanation of why most people lose money in the long run when betting.
Take tomorrow's game - the Sky Bet odds are Wycombe win 7/4, Cardiff win 5/4, Draw 23/10.
Converting those odds to probabilities, you get 36% home win, 44% away win, 30% draw.
The total of those is 110%, and that extra 10% (known as the over-round) is the bookies' built in percentage. It's really not much different from playing a fruit machine, or a roulette wheel.
I've only known one person who made really serious money on betting and that was because she knew some horse-racing trainers who would sometimes tell her when the fix was in.
Oh make no mistake @drcongo betting for me is a hobby for small stakes. I love to analyse and have an opinion on everything, sports related. If I can make a couple of quid I feel really smug. I make a profit overall but would spend more in the bar before the game than I stake on sports betting.
This is a remarkable list when written out so clearly. With the exception of Shala they all appear to be first team ready, in which case we could genuinely feature only two of last year's outfield players in the team.
That is an EFL requirement provides vital tv rights funding, but not our decision. A slight shift this season where we can have our own sponsor on one sleeve, not sure if this has been launched yet?
The solution would be to make the directors of gambling companies personally responsible for any harm that they may have caused. If it could be proven that they had not taken sufficient care in controlling a vulnerable person's access to gambling and debt, and that person then took their own life, they could then be subject to corporate manslaughter (similar to Health & Safety law). I would imagine it wouldn't take long for suitable measures to be put in place once one of their own was locked away for several years.
How would you propose betting companies identify and deal with these cases?
A check against NHS patient lists, or debtors lists? Limiting how much someone can gamble any day/month/year, with some sort of reference against their wage?
Not sure how any of that works with GDPR and would probably need new legislation?
Comments
basicly the better players are the loanees .
I'm 100% anti betting, but £20 coming in at 25/1 for £500 is loose change to you?
That's a season of watching us. Well...the ticket price for our max season ticket, you'd need a fair few hundred more for food etc.
You won’t know that until you’ve seen them play.
Oh Trevvy, only you could make the signing of exciting higher tier youngsters sound like a negative.
Here's a simple explanation of why most people lose money in the long run when betting.
Take tomorrow's game - the Sky Bet odds are Wycombe win 7/4, Cardiff win 5/4, Draw 23/10.
Converting those odds to probabilities, you get 36% home win, 44% away win, 30% draw.
The total of those is 110%, and that extra 10% (known as the over-round) is the bookies' built in percentage. It's really not much different from playing a fruit machine, or a roulette wheel.
I've only known one person who made really serious money on betting and that was because she knew some horse-racing trainers who would sometimes tell her when the fix was in.
Oh make no mistake @drcongo betting for me is a hobby for small stakes. I love to analyse and have an opinion on everything, sports related. If I can make a couple of quid I feel really smug. I make a profit overall but would spend more in the bar before the game than I stake on sports betting.
Thanks for answering!
This is a remarkable list when written out so clearly. With the exception of Shala they all appear to be first team ready, in which case we could genuinely feature only two of last year's outfield players in the team.
Stryjek
Vincent-Young Keogh Low Boyes
Potts Breckin Leahy
McCleary
Vokes Taylor
Gambling does so much harm to individuals and families.
The profits generated are obscene. The ‘industry’ pays poor lip service to alleviating this illness.
Government not much better - opium for the masses.
If one were to cost out ones time it’s a very expensive ‘hobby’.
I am proud we have no betting brands anywhere near our shirts.
No Skybet badges on the arms anymore?
That is an EFL requirement provides vital tv rights funding, but not our decision. A slight shift this season where we can have our own sponsor on one sleeve, not sure if this has been launched yet?
I have an even simpler explanation why I don't bet. It's a mug's game.
The solution would be to make the directors of gambling companies personally responsible for any harm that they may have caused. If it could be proven that they had not taken sufficient care in controlling a vulnerable person's access to gambling and debt, and that person then took their own life, they could then be subject to corporate manslaughter (similar to Health & Safety law). I would imagine it wouldn't take long for suitable measures to be put in place once one of their own was locked away for several years.
How would you propose betting companies identify and deal with these cases?
A check against NHS patient lists, or debtors lists? Limiting how much someone can gamble any day/month/year, with some sort of reference against their wage?
Not sure how any of that works with GDPR and would probably need new legislation?
I was thinking that relatives could raise a complaint?