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justthisbloke

Great Day At The Races

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Haven't been for ages and had forgotten how much I used to enjoy it.

Got lucky and my winnings paid for the entire day out.

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I love an afternoon at the races. Pint, paddock to choose a horse, watch race close up, rip up ticket. Repeat six times and go home very happy win or lose.

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We're talking of the Sport of Kings - in particular, the flavour thereof for which I have an old passion: National Hunt.

I grew up in the country with hunting, point-to-points, and National Hunt.

I got into programming as a youth in a doomed attempt to use a ZX Spectrum to hold racing results and make predictions.

But over the years I stopped going so much and today was my first day in years. Brilliant.

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Ah the follies of young men. They are either obsessed with perpetual motion or finding a gambling system that works.

In my case it was a 'Science of Cambridge Mk XIV' that I bought to check out a roulette system. 256 bytes of ram.

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Cue Card won didn't he? While waiting around in a Corals to collect some sharbing winnings (long story) I couldn't resist two quid on him for the Haydock Betfair Chase at 11/4. Collected on that when they finally agreed to pay me out my 420 quid football bet which I'd made about a tenner profit on. Could have had him at 10/1 at that point. Dunno what I'll get for him on the Gold Cup now Ante-post but I'll probably do it anyway. As an advantage bettor I shouldn't gamble but he's such a beauty to watch...

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Ah the follies of young men. They are either obsessed with perpetual motion or finding a gambling system that works.

In my case it was a 'Science of Cambridge Mk XIV' that I bought to check out a roulette system. 256 bytes of ram.

I was obsessed with roulette system design for about a year when I was 20-ish. Had special software to run systems against real spins and all that.

More interesting than Sudoku anyway...

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The system I was testing was the reverse Labouchere. Basic premise is that all systems fail at some point, costing the gambler huge. So instead of trying to win money, you reverse the system and lose small but steady amounts. Then, when the system goes wrong, you win big. The Labouchere was the most destructive roulette system ever when it went wrong. The problem with the Reverse Labouchere is that you need a minimum to maximum bet ratio of at least 4,000. For the straight Labouchere you need a no limit casino and to be ok with going from millionaire to pauper in one session.

Rave, are the bookies giving better odds now that Betfair is serious competition? Last time I checked, the bookies overround was usually 125%.

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Bookies online are certainly more competitive in the age of Betfair and Oddschecker. You can quite often find arbitrage bets, but exploiting them will generally get your account limited in pretty short order. I assume the prices they offer punters in the shop aren't so generous.

However they do print up the football coupons a few days in advance, and prices quite often shorten on the exchanges. The idea of the coupon is that you'll stick a few quid on a acca but there's nothing stopping you putting a ton or two on a team that has steamed and laying the bet off for a guaranteed profit. They only tend to hold prices on the Premier league and big cup games though.

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