Forum Archive Index - November 2001

["nick" <helmett@xtra.co.nz>]

        This is a good example of how it is possible to make money betting on

the internet.  The NSW  TAB is frequented by one eyed patriotic australians

who just want their team to qualify and want to make it more interesting by having

a bet.   This flood of money will push the odds in to what is clearly too short a price.

 Ladbrokes will of priced them more realistically.

        The bet to make is uruguay to win with an australian bookie then have

a saver on the draw and a saver with ladbrokes on the aussies.

Should be possible to make a no lose bet on this one.  Anyone know

any bookmakers in uruguay!!, prob aussie 8/1

    These situations occur all the time in international events, supporters

from the country in question always push the price too short.

When internet betting first started it was possible to make a killing on

this sort of thing, most have now wised up and there is more cooperation

between organisations with hedging between firms.

        There is the other problem that winning accounts generally tend to be closed

down within a few months, i had this problem with victor chandler, some of my

friends from the racing world also had a similar problem.

    TABs and these new punter V punter sites dont have this problem

as they take a percentage cut whoever wins, although the TAB has

been burnt a few times on fixed odds events.

     As a history lesson for those who dont know u.k firms

   Ladbrokes have been so good that in the 1980s a betting system could

be used to make a profit on races with early prices.  Any horse which ladbrokes

offered a shorter price on than all other bookmakers  should be backed

at the bookmakers paying the longest price.  This simple system

worked because lladbrokes were consistantly the best when it came to laying odds.

      Anytime ladbrokes offers a price significantly different from another

bookmaker its time to take notice, cause 99 times out of 100 it will be the

other bookie who has slipped up.

 

 Nick

 .

 

With regard to sports betting (slightly of topic). In the World Cup qualifier Uruguay v Australia, I notice that the N.S.W. TAB is

offering 3.50 on an Australian win, the NZ TAB is offering 5.00 for the same bet, whereas Ladbrokes is offering 6.00 for an Australian win. Hmmmm ????