Every time a big betting event occurs I’m reminded of that fact that while people like to have a bet with the hope of winning something, very few people actually understand why they lose money over the long term when betting.
Here is my explanation of how bookmakers make money from your average joe punter in a sports betting market.
Any betting strategy requires that you have an edge. You shouldn’t do any sports betting without ensuring that you have an edge with your betting system, but you also need to ensure you are betting into a fair market.
It doesn’t matter what betting tips you have, most markets are not fair so that is what we explore in this video.
Video Rating: / 5
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Video Rating: / 5
Entertaining and informative.
Bookies r bad ppl – if u win they have power to ban u ' they make me s? ' i lost & lost ' & government khw this
Does this mean you stand a much better chance of winning if betting on the exchanges ?
I liked this video
Dude. Ur wrong. Bookies knows the full time score before the game even starts. The odds reflected are not true. U need to be a contrarian bettor to see the whole picture
This is not supposed to be legal. This is actually FRAUD. Backed by law.
If you want to gamble with a bookmaker, don't go in the shop. Just buy their shares.
At this rate it's only a matter of time before one of your videos goes viral. Although it would have to be something outrageous, to really catch the attention of all the mugs out there.
Don't forget that you promised to make a follow-up video on football stats and which sites to use (sofascore attack momentum, live xG etc).
Didn't the bookies lose money on the Grand National this year?
Hi Peter, sorry for my english. I just wanted to thank you, you opened my mind with your videos, and it will sound strange, but actually i've started following you in order to be a good trader, and i ended being a good better. I make it short, i have an edge in football, (thank you btw, i did n t know what an edge is when i started), but i struggled so hard to make my strategies profitable. I tried a lot of approaches, studied different entry and exit points, windowing, good positioning. I actually did it and became profitable but… all strategies i developed are impossible to scale up.( on the exchanges)
It would be an interesting argument in my opinion, and i think that all your work is extremely valuable, especially for pre match racing and tennis, but football is just another world, and i noticed that in your videos…i can feel you struggled so hard finding edges in this sport , and a lot of famous traders just don t bother with football.
Football requires a tremendous turnover per month , high stakes and super efficient markets with little or no spreads. Tennis and horses markets can do that, but trading football (in live i mean) is just paying spreads, because you won t ever have the same amount of opportunities, with market full of cash , volatility, no spread at all, like horses and tennis, just my opinion, i don t want to sound arrogant.
So you should put a disclaimer on your channel:) , follow my advices but don't lose so much time on football!
Best way to keep
Consistent profit on football betting please ? Any advice best market to follow
One of the best videos you have done. lol 👀 🌊
That is vely crever
hahahahahahaahah nice video
The bookies lost over £200 million , 2019 Grand National. Worst result in bookmakers’ history
Good stuff.
When we're those overrounds taken? As surely the industry sp overround would be different.
Bit of a odd graphic you brought up showing the overround of different bookies. Considering bet bright and Stan James are out of business
Good explanation. It's amazing how many people keep on betting against the house edge unaware of the simple concept, or are unable to think in the long term. I get that people like the excitement of the Grand National once a year but for me I'm only interested in making money so I won't gamble even on that. Effectively exchanging your money for 70-95% of it back in the long run. It's frustrating that people aren't prepared to listen or educate themselves but the happy upshot is that's why trading works for those who are prepared to put in the effort