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Can you beat the bookies? 09:22 - Aug 8 with 3233 viewsHantsR

Found myself watching this late last night on BBC 11!

"Comedian and football presenter Lloyd Griffith embarks on an experiment to find out if he can uncover the secrets of gambling success and the truth about the industry"

Anyway, what made me laugh was his final bet on three football results including the surefire bet that Swansea would beat QPR because, on reading a fans' forum, it was clear from their informed opinion, that the inclusion of Hemed was a bad thing and Swansea would easily win. Optimism turned to dismay as the Rs went 3-0 up in 15 minutes. Arf
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Can you beat the bookies? on 09:23 - Aug 8 with 3221 viewsrobith

Haha that is funny!

On the topic at hand, these days it's hard to, because the way to beat the bookies is to get a bigger price than SP, but if you do they'll ban your account cos they only want losing accounts
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Can you beat the bookies? on 09:34 - Aug 8 with 3174 viewsDorse

I find it very easy to beat the bookies. The key to my success is patience and a cricket bat.

'What do we want? We don't know! When do we want it? Now!'

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Can you beat the bookies? on 09:35 - Aug 8 with 3166 viewsCroydonCaptJack

Can you beat the bookies? on 09:23 - Aug 8 by robith

Haha that is funny!

On the topic at hand, these days it's hard to, because the way to beat the bookies is to get a bigger price than SP, but if you do they'll ban your account cos they only want losing accounts


If you continually win they will ban you. A bloke who worked with my mate is on his fourth account having been banned from three he had won significantly with.
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Can you beat the bookies? on 09:45 - Aug 8 with 3140 viewsRBlock

Can you beat the bookies? on 09:23 - Aug 8 by robith

Haha that is funny!

On the topic at hand, these days it's hard to, because the way to beat the bookies is to get a bigger price than SP, but if you do they'll ban your account cos they only want losing accounts


I have a close mate who has this issue. He is a professional gambler and after a few decent wins, all his accounts have either been closed or restricted to the point where the max bet is £10 or less. He has now gone through accounts in his parents, partners, siblings, and quite a few friends names in order to keep gambling.
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Can you beat the bookies? on 09:47 - Aug 8 with 3126 viewsrobith

Can you beat the bookies? on 09:35 - Aug 8 by CroydonCaptJack

If you continually win they will ban you. A bloke who worked with my mate is on his fourth account having been banned from three he had won significantly with.


I'm the smallest stakes punter around (probably bet like a fiver a race, and £20 at Cheltenham) and I'm having loads of problems

Betway restricted my account despite it having a small loss because they didn't like the types of bet I was making (i.e Cheltenham ante post at much bigger odds than SP). Absolute joke. Paddy Power only let me place multiples of £0.07p or less.

Every month of so I have to place a muggy £10 accumulator on football to try and keep Skybet on side.

All cos it's cheaper to just price off the exchanges rather than pay odds compilers, and algorithims can mean they only take losing bets. BUT PLEASE BET RESPONSIBLY
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Can you beat the bookies? on 09:49 - Aug 8 with 3118 viewsstowmarketrange

I only caught the last 10 minutes of the show.I did see that once he’d won one bet they stopped him cashing out his bets and reduced the amount he could bet.
The real statement was when he said that one of his mates had remortgaged his house to pay off his gambling debts.
It’s all too easy to lose more money than you can afford to if you’re that way inclined.That is a real sad thing to report these days.Every other ad on the telly is for some sort of betting company.
Luckily I’ve never been into that sort of addiction,but millions are unfortunately.How can problem gamblers who are trying to gamble less avoid it being forced on them?

How do these online roulette and card games even get a licence to fleece punters without any sight of a roulette wheel or a pack of cards?
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Can you beat the bookies? on 09:49 - Aug 8 with 3117 viewsCroydonCaptJack

Can you beat the bookies? on 09:45 - Aug 8 by RBlock

I have a close mate who has this issue. He is a professional gambler and after a few decent wins, all his accounts have either been closed or restricted to the point where the max bet is £10 or less. He has now gone through accounts in his parents, partners, siblings, and quite a few friends names in order to keep gambling.


Scandalous isn't it. Because not many people win you don't hear about this much.
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Can you beat the bookies? on 10:05 - Aug 8 with 3073 viewsNed_Kennedys

The amount of gambling advertising is disgusting and shows just how much money these companies make: the ones for some bingo website where everyone is having so much FUN together in some kind of a festival setting because its all about the social aspect of gambling are particularly horrific.

The way gambling can totally destroy lives should lead to the kind of restrictions that have come in on tobacco advertising IMO.
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Can you beat the bookies? on 10:10 - Aug 8 with 3056 viewsTonto

Something like 15 of the Championship teams have their main shirt sponsor as a betting company.

Why stop now, just when I'm hating it
Poll: Is it essential that QPR stay in the Borough of H&F?

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Can you beat the bookies? on 10:10 - Aug 8 with 3053 viewsRBlock

Can you beat the bookies? on 09:49 - Aug 8 by CroydonCaptJack

Scandalous isn't it. Because not many people win you don't hear about this much.


Really is. What is crazy as well is that the bookies can withold bets he was won or lock him from withdrawing funds because they suspect something fishy is going on. Think he has a few grand tied up with one bookie that they are flat out refusing to release, without having given him any reason. Any other industry and there would be uproar.
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Can you beat the bookies? on 10:11 - Aug 8 with 3045 viewsstevec

The best way to beat the bookies is be like the bookies and lay bets, or at least it was once.

Betfair originally set up purely as an exchange and laying bets could be quite successful. Noticed that once Betfair became high profile and merged with Paddy Power, they effectively killed off the Exchange side and promoted the Sportsbook side which made them the same as every other bookmaker.

The horse racing industry played a big part in killing off the Exchange, not in their interest ordinary punters being in on the bookie side of things.

The Exchange still exists and noticed Betfair trying to push it a little recently, but having all but killed the golden goose there's not enough punters on it now so the odds you need to offer are ridiculously out of kilter with the bookies price.
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Can you beat the bookies? on 10:13 - Aug 8 with 3038 viewsterryb

Can you beat the bookies? on 10:10 - Aug 8 by Tonto

Something like 15 of the Championship teams have their main shirt sponsor as a betting company.


Three of the four clubs in last seassons play offs had Bet32 as their sponsor!
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Can you beat the bookies? on 10:37 - Aug 8 with 2988 viewsswisscottage

In the short term yes, in the long term no unless you break the rules ( opening subsequent accounts after your first, betting through third party accounts etc.

If you only bet on course then you can continue to make money, but you won't be able to take advantage of the ricks they make with early pricing.

As others said, if you win in a way that triggers their checks then you will get your account restricted or even suspended.

Their checks are extensive and they also work with other bookies, using anti-money laundering legislation to actually share betting patterns information. Once you start getting restricted by one bookie the others will follow.

Opening subsequent accounts is against their terms and conditions and if you manage to do this over a period of time then don't keep a lot of funds in the accounts as they will not return winnings if they can find any reason not to. Also if opening subsequent accounts don't bet using apps on your phone, and only bet behind a VPN, and other protections on your device, so they can't track your IP address, or anything about your device that they can use to identify you.

Personally I now only bet through Betfair ( I don't regard that as beating the bookies, although most of the market is made up of bookies money). 5% base commission will really eat into your margin unless you're able to maintain a consistent sizeable turnover to get it down under 3%.

A few years back When able to bet taking early prices the night before, I was able to make about 25% on turnover during the National Hunt season, that lasted for about 2 months, before all the accounts were restricted and I committed to turning everything over through Betfair, and after getting my commission rate down to 2.5% was able to maintain about 10% profit on turnover through the remainder of that season and through the whole of the following National Hunt Season .. 90% of my bets being on handicap chases and graded chases which were my specialty.

Its a lot of hard work though, taking feeds from Raceform and ploughing them into my own database( going back to 1996), coding my own neural network, reports and GUIs to aid my analysis, as well as doing my own speed figures and standard times. ( I'm a data architect and data analyst by trade so this side wasn't that difficult for me). On top of my day job it was a commitment to about 30 to 40 hours a week over 6 months (Mid October through to Grand National Meeting)... No Life... Given the maximum amount I was comfortable betting with and with a sizable staring bank, at 5 to 10% on turnover I could expect to make about £10k to £30k in a season and I decided to I couldn't make a good enough living out of it given the risk attached, so I stop for the last three years.

That being said I'm tempted to so it again this winter .. and No life it for 6 months. As I want to put some new learnings on Data Sciences into practice, and horse racing data is the perfect training platform for that given I have an interest in it.
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Can you beat the bookies? on 10:43 - Aug 8 with 2971 viewsE17hoop

Can you beat the bookies? on 10:10 - Aug 8 by Tonto

Something like 15 of the Championship teams have their main shirt sponsor as a betting company.


Including us.

It's always noisiest at the shallow end
Poll: When you go to QPR games, what do you think will happen?

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Can you beat the bookies? on 12:05 - Aug 8 with 2838 viewsDorse

One of my old bosses always said: 'Only bet if you can afford to lose'.

As I am generally potless, I don't tend to bet on anything.

'What do we want? We don't know! When do we want it? Now!'

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Can you beat the bookies? on 12:34 - Aug 8 with 2770 viewsjonno

Can you beat the bookies? on 09:45 - Aug 8 by RBlock

I have a close mate who has this issue. He is a professional gambler and after a few decent wins, all his accounts have either been closed or restricted to the point where the max bet is £10 or less. He has now gone through accounts in his parents, partners, siblings, and quite a few friends names in order to keep gambling.


This is exactly what happens with the bookies. My brother took voluntary redundancy some years ago now and decided he might be able to make a living betting on the internet. The most he could make was between £4k and £5k per year, the main reason because he continually had accounts closed down or ludicrously restricted betting amounts, and eventually ran out of other people's names he could use for an account. On top of that he was finding he needed to be at his computer for about 10 hours a day to get the best odds and get his bets on. He was "working" a huge number of hours a week for basically a pittance. Gave it up after three years and started his own business calculating CO2 emissions for aircraft owners and airlines to put on their annual emissions returns which provides a much better return than gambling with far less stress!
[Post edited 8 Aug 2019 12:35]
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Can you beat the bookies? on 01:09 - Aug 9 with 2428 viewsBoston

As mentioned before....my father in law was a Bookie, my dad was a National Hunt jockey, I really don't make many bets.
[Post edited 9 Aug 2019 1:10]

Poll: Thank God The Seaons Over.

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Can you beat the bookies? on 01:20 - Aug 9 with 2409 viewssuperhoopdownunder

Can you beat the bookies? on 01:09 - Aug 9 by Boston

As mentioned before....my father in law was a Bookie, my dad was a National Hunt jockey, I really don't make many bets.
[Post edited 9 Aug 2019 1:10]


Hi Boston,

Were races fixed? or just hard to work out?

Cheers,

James
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