Update, many bets, much loss

December 16th, 2009

Well, its been a while. Been a bit pre-occupied playing blackjack to be totting up our betting. We’ve had the following bets since the last update. £100 on each.

9th December.
Olympiakos vs Arsenal – Arsenal 3/1 LOST
Coventry vs Newcastle – Newcastle 5/6 WIN

£17 down. Bank at -£117.

Last weekend
Birmingham vs West Ham, Birmingham, 2.22, Win
Bolton vs Manchester City – Man City 5/6. Loss.
Liverpool/ Arsenal under 2.5 goals. Evens. Loss
Jensen Button to win Sports Personality of the year, 19/20. Loss

Last night
Birmingham v Blackburn, Birmingham, 2.29, Win.

Overall bank is now -£168. Still half the month to go.

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December 7th, 2009

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Damn Mark Hughes and Man City

December 5th, 2009

Bad start to the month. Only one bet today. It was Cheslea to beat City. Started well enough with an early own goal against City. Somehow City managed to score 2 and win 2-1. £100 lost. Bank at -£100.

I think Man City are going to get put on the blacklisted teams. Everytime we seem to bet on a Man City game it appears to lose. Usually we are betting on them to win but this time they screwed us over. Chelsea are a bit rubbish too. The like of Hull, Burnley and Fulham all got draws at City and the so called champions elect get beat.

I don’t think we’ll be having anything tomorrow. I fancy Spurs strongly but Pod fancies Everton.

Numbers on a screen

November 29th, 2009

Its been a bad weekend for the syndicate. Saturday’s bet was Fulham to beat Bolton. We thought that was a 5 star bet and got 1.98 on it. Ended up 1-1 so £100 down.

Then today, we couldn’t decide on any bets so we had a tennis bet. Pod’s mate tipped Del Potro. We stuck the £160 profit we had it on. He lost, so bank wiped out for the month. Overall we finished this month even. No change on the overall balance which is still negative in the almost 3 years we’ve been doing this.

At the end of the day, we only bet what we can afford to lose. Its just numbers on a screen to us. Fingers crossed for a better December.

Another result and epic fail

November 23rd, 2009

Sunday was a good day for the syndicate. Only be we could decide on was Spurs/Wigan overs. Had a choice between over 2.5 at 1.70 or over 2.75 at 1.93. We went for the latter. Spurs win 9-1 so bet comes in. Just like printing money. Bank up to £260. At this rate, we’ll be in overall profit by the end of the year.

The epic fail is on my part. Pod fancied Spurs to win but I had a look at the odds and lumped on Wigan. This will go down in history as the worst bet I ever had.

Online Roulette

High stakes roulette is a fantastic way to win big or lose big. The thrill is greatly enhanced.

For those of you with less of a budget, you can play 10p roulette or 20p roulette at various tables online or check out the full range of Low stakes roulette tables

Result

November 21st, 2009

It was looking a bit bad after Chelsea were 3-0 up after 22 minutes. We only had up to 4-0. Chelsea looked like they were going to run away with the game. Lucky for us they stopped at 4-0. Even more lucky was that I got the dutching wrong and the 4-0 result was actually paid out at 2.17.

That means we are £167 up this month.

Online Casinos

November 21st, 2009

We sometimes play casinos online. It can be a fun past time. Here’s our guide to casinos

First off, casinos are places to play for fun. Theoretically you can win at blackjack at a land casino but all other games, you will eventually lose. The only way you can win at blackjack is to count cards. As casinos frown upon this, you are likely to get barred. Roulette can be beat with special devices but these are banned in casinos too.

Online its slightly different. You can not win at all in the long term. There is no scope for card counting as decks are shuffled after every hand and you cannot user any lazer devices as the casinos use a random number generator rather than a ball. You can be up in the short term but eventually the house edge will get you. This is how casinos sucker you in online. As the house edge is tiny its possible to be up in the short term due to just random fluctuations.

We generally play blackjack as its a game where you actually have some control over the outcome. Roulette is OK but its all luck. No skill at all. They payout is 97.3% no matter how you play. With blackjack, you have some control over the outcome. With certain favorable rules, you can get 99% payout in blackjack with perfect play. In the medium term that makes a difference to how much you are going to lose. In the long term, you’ll lose it all so it doesn’t really matter which game you play.

Casinos offer many other games too. A lot try to push slot machines. These payout around 95% which is a lot better than the machines in the pubs but compared to other casino games thats a poor payout. Baccarat and craps have decent payouts so if roulette and blackjack aren’t your cup of tea, you could try those games. Avoid online slots.

If you are going to play online casinos, make sure you set a deposit limit. Its so tempting to keep depositing money until its all gone. All responsible casino operators will have an option to limit daily/ weekly deposits. If you do find yourself losing lots of money, you can always self bar too.

So in summary, only play online casinos for fun. Expect to lose eventually and make sure you do gamble what you cannot afford to lose. With football betting, you can only bet on so many games a week but with casino, you can lose all your money in a night.

Weekend bet Chelsea to win to nil

November 20th, 2009

Had a loss midweek. We had a cheeky bet on the snooker. O’Sullivan to win. Not a clue why. Another one of Pod’s nailed on bets. Don’t know the result but he didn’t win. Might have drawn or lost, I do not know. £100 lost. Bank at +£50.

This weekend we are going to have Chelsea to win. It was a toss up between -2 on the Asian and win to nil. With Chelsea’s injury list, we decided to go with the to nil bet. Price was 1.73. Thats a bit low so we dutched 1-0, 2-0, 3-0 and 4-0 to get 1.98. Bookies are a bit stingy with the to-nil bets sometimes. Its highly unlikely its going to be more than 4 so we got effectively the same bet but at a better price. £100 staked.

Our Guide to Online Poker

November 20th, 2009

Online poker is one of our other pastimes. There are many poker room out there and picking one can be quite daunting. Not to worry, here’s our Online Poker Guide

Forget about sign up bonuses. In the long run, these mean nothing. Look for rakeback or loyalty points. These will payout as long as you play at the poker room. Sign up bonuses don’t last as long.

Pick a room with a big network. Many poker rooms are part of a network. This gives players a much wider range of players to play against than if each room was a separate entity. For example, Bet365 and Paddypower are part of the Ipoker network. You can sign up to either and play against the same players. All that would be different is the branding on the software, the sign up bonuses and on going loyalty bonuses. The actual players you play will be the same.

We would also recommend playing at stakes you are comfortable playing at from the start or playing at least 25/50c blinds. This is because below a certain level, you get people who aren’t really playing serious poker. When you have 5c/10c blinds, the pot might get up to $5 but to a lot of people that isn’t a lot of money so they will call you regardless. If you don’t get what we mean, then try playing free poker. People will go all in with any hand. Its not real poker its a lottery.

Play satellite tournaments occasionally. For a small amount, you can win very big if you get entry in to the higher rounds. As your loss is capped at your buy in, its a good way to get experience playing at a high level without the high cost. Thats how Pod managed to get to Vegas. He started off with a Satellite tournament and worked his way up. .

Finally, know when to quit. Some people are not cut out for online poker. If you find yourself losing consistently to bad beats then they’re probably not bad beats. All you are doing is giving your money away. There are other games of skill out there, where you can win money. Backgammon and Rummy spring to mind.

New month

November 19th, 2009

Been a while. For some reason we haven’t been betting. Last month we ended up £5 up. Just about buys us a pint each. Still, better than a loss and thats 5 months profit in a row now. Still down overall but we are heading in the right direction.

Tonight we had just the one bet. £100 on Portugal at 2.5. Strange bet to have as Portugal didn’t need to win to get through (I think). Only had it because Pod said it was nailed on and a good price. Portugal win 1-0. So good start to the month. Bank at +£150