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A thread on betting theory

  • 10-01-2013 2:37pm
    #1
    Registered Users Posts: 14,681 ✭✭✭✭ P_1


    Just wondering if many folk here would apply any theory to their betting, i.e. risk/reward or is it usually a case of people picking what they fancy.

    Using risk/reward as an example, say you were to bet a tenner on an even money shout:

    Risk: You lose a tenner if it doesn't come in
    Reward: You gain a tenner if it does come in

    Would many people focus more on the reward than on the risk when they're betting?

    Or is this just too boring to even contemplate? :p


Comments

  • Registered Users Posts: 2,338 ✭✭✭ yesno1234


    P_1 wrote: »
    Just wondering if many folk here would apply any theory to their betting, i.e. risk/reward or is it usually a case of people picking what they fancy.

    Using risk/reward as an example, say you were to bet a tenner on an even money shout:

    Risk: You lose a tenner if it doesn't come in
    Reward: You gain a tenner if it does come in

    Would many people focus more on the reward than on the risk when they're betting?

    Or is this just too boring to even contemplate? :p

    Looking at risk/reward would be foolish imo. If looking at risk/reward accumulators look fantastic. Risk 10 to reward maybe 100. While in reality we know that you'll never make money in the long run. You should be looking for value, where a bookie has priced an event up incorrectly.


  • Registered Users Posts: 4,407 ✭✭✭ ft9


    This thread, in the Horse Racing forum may interest you.


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