Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

points betting

  • 06-04-2011 10:14am
    #1
    docmartin
    Registered Users, Registered Users 2 Posts: 237 ✭✭


    Apologies, i posted this in the chit chat section but i realised shortly afterwards that it would probably be better suited to the advice and faq section, so i just copied and pasted my query below

    This may have been brought up before but i am not gonna trawl through 66 pages looking for something that is probably easily explained,
    My question is how much is a point worth in money terms?
    my thought on in was that every individual had their own value on a point
    eg 1 point = €20
    2 points = €40 etc
    However it was recently put to me that a point was equal to 10% of your overall balance or 2 pts would be 20% of that balance.

    can anyone clear this up for me or give me your opinions on it


Comments

  • #2
    ValueSeeker
    Registered Users, Registered Users 2 Posts: 522 ✭✭✭ValueSeeker


    You use your own value for a unit stake. It varies around your bankroll and betting style / staking system. There is no set value.


  • #3
    ValueSeeker
    Registered Users, Registered Users 2 Posts: 522 ✭✭✭ValueSeeker


    I'd also advise against ever betting 10% of your bankroll on any 1 bet.


  • #4
    docmartin
    Registered Users, Registered Users 2 Posts: 237 ✭✭docmartin


    ValueSeeker wrote: »
    I'd also advise against ever betting 10% of your bankroll on any 1 bet.

    thats class, cheers for the advice,
    i was always thinking it carried a moneytary value but had recently gotten confused,

    just out of interest do you reckon 10% of your balance is too much of a risk, i always followed the rule of never bet more than 50% of your balance


  • #5
    ValueSeeker
    Registered Users, Registered Users 2 Posts: 522 ✭✭✭ValueSeeker


    Even if you're betting odds on, you will eventually encounter a losing streak that will shrink your bankroll into meaningless money if you risk that much at a time.

    There's a staking system call the Kelly formula which is set up to stake large and maximise value in betting. This formula though IMO and in expert opinion is too risky and there are variations of the system which work better. I use an extremely safe variation of this staking formula.


  • #6
    ValueSeeker
    Registered Users, Registered Users 2 Posts: 522 ✭✭✭ValueSeeker


    In poker for example, I've had many losing runs into double figures where all the money went in with me being 60% (ish) favourite.


  • Advertisement
  • #7
    docmartin
    Registered Users, Registered Users 2 Posts: 237 ✭✭docmartin


    thanks, new to thisonline gambling world and trying to find my feet, i was always oldschool until a few weeks ago,


Advertisement