How is this possible?

The Golden Miller

http://www.thesportbible.com/articles/here-s-how-these-two-lads-made-ps400-000-in-18-months-from-football-betting

Are these stories just made up alot of the time? I don't doubt that it's possible to win this sort of money but since it's done online how can they make such vast sums? Bookies limit accounts if you win a few grand. So how can you get up to half a million and win 20,000 in one week? Obviously bet through different bookies but it still wouldn't get you to those sort of numbers. Plus regular withdrawals taking thousands out to pay rent etc and you'd be limited fairly quickly I would of thought? Or is there ways and means to bet heavy and not be limited?

retalivity

Betting on Exchanges, probably

markc91

The Golden Miller wrote: »

http://www.thesportbible.com/articles/here-s-how-these-two-lads-made-ps400-000-in-18-months-from-football-betting

Are these stories just made up alot of the time? I don't doubt that it's possible to win this sort of money but since it's done online how can they make such vast sums? Bookies limit accounts if you win a few grand. So how can you get up to half a million and win 20,000 in one week? Obviously bet through different bookies but it still wouldn't get you to those sort of numbers. Plus regular withdrawals taking thousands out to pay rent etc and you'd be limited fairly quickly I would of thought? Or is there ways and means to bet heavy and not be limited?

There in a group I'm in where the lad that runs the group has made more than a million from betting, once accounts become limited they move into Asia where you will never get limited. There's a lot of heavy stakers within the group

Shanotheslayer

markc91 wrote: »

There in a group I'm in where the lad that runs the group has made more than a million from betting, once accounts become limited they move into Asia where you will never get limited. There's a lot of heavy stakers within the group

Mackers? :pac:

okidoki987

Betting in play only singles only, yet there's a picture of a Ladbrokes pre match shop betting voucher so that's not right?
In play on Uzbekistan girls U16s against Japan?
They'd be restricted with a bookie who would not let a punter win that kind of money without restricting or closing them.
Would have to be the exchanges all right.
Fair dues to them but must be paying some commission though.

Howjoe1

okidoki987 wrote: »

Betting in play only singles only, yet there's a picture of a Ladbrokes pre match shop betting voucher so that's not right?
In play on Uzbekistan girls U16s against Japan?
They'd be restricted with a bookie who would not let a punter win that kind of money without restricting or closing them.
Would have to be the exchanges all right.
Fair dues to them but must be paying some commission though.

I'd imagine the liquidity on that market would have been tiny.

The Golden Miller

Tbh I've been betting online for a few years and never really bothered with or looking into exchange betting. Come across it all the time when people are going on about laying bets (have no interest in that). But can you bet the exact same way in the exchange as in the sportsbook? As in just normal singles, doubles, accums etc but are able to wager higher and win more? Is there a limit to how much you can bet and what you can win if you ain't taking money from the bookies, but other gamblers? I guess not if the guys in the article are winning that much. I'm aware of the basics of the exchange and how it works in theory but in terms of betting in a similar fashion as to how you would in the sportsbooks, what's it like? This post probably sounds stupid, but anyway

okidoki987

But can you bet the exact same way in the exchange as in the sportsbook?

Nope.

As in just normal singles, doubles, accums etc but are able to wager higher and win more?

You can bet Singles, Doubles etc but the more you put in the lower the prices until you get to the stage, the prices are nearly the same between bookies and exchanges.

Is there a limit to how much you can bet and what you can win if you ain't taking money from the bookies, but other gamblers?

No limits

Exchanges are more singles.
No limit to what you can win, exchange gets a % of whatever of it anyway so the more you win, the more they turnover and the more they get in commissions.
You could have 50k on a single w/d/w on the exchange no problem, having it with a bookie is another matter. Most would restrict the bet or offer you some at the price and the rest at a lower price.
Exchanges aren't for everybody, you need to know what you are doing especially when laying bets.
Backing something with a bookie is just straight here's the money and here's your slip back, end of.
Better odds on the exchanges (most but not all the time) but there's commissions to be paid.

yabadabado

Have a read up on Tony Bloom. He has a business that's picks bets out for people who pay into a syndicate. It's very high stakes for very rich punters.By all accounts they are making a fortune.
They place bets in Asia and look for low percentage returns supposed to be 1-3%.

Very interesting article in Business Insider last week worth reading.

The Golden Miller

okidoki987 wrote: »

Nope.



You can bet Singles, Doubles etc but the more you put in the lower the prices until you get to the stage, the prices are nearly the same between bookies and exchanges.




No limits

Exchanges are more singles.
No limit to what you can win, exchange gets a % of whatever of it anyway so the more you win, the more they turnover and the more they get in commissions.
You could have 50k on a single w/d/w on the exchange no problem, having it with a bookie is another matter. Most would restrict the bet or offer you some at the price and the rest at a lower price.
Exchanges aren't for everybody, you need to know what you are doing especially when laying bets.
Backing something with a bookie is just straight here's the money and here's your slip back, end of.
Better odds on the exchanges (most but not all the time) but there's commissions to be paid.

Thanks very much for that

The Golden Miller

yabadabado wrote: »

Have a read up on Tony Bloom. He has a business that's picks bets out for people who pay into a syndicate. It's very high stakes for very rich punters.By all accounts they are making a fortune.
They place bets in Asia and look for low percentage returns supposed to be 1-3%.

Would they be betting on exchanges or with bookmakers?

yabadabado

The Golden Miller wrote: »

Would they be betting on exchanges or with bookmakers?

Asian bookies

The Golden Miller

yabadabado wrote: »

Asian bookies

I didn't realise some bookies there will never limit you.

diomed

Is that article put out by the bookmaking industry?

They say they bet big.
They are holding a betting slip with a £10 stake.

They say they bet in play.
The betting slip is with a bookmaker, not an exchange.

They say they bet singles only.
The betting slip is a three four game accumulator.

Why did they not show us their bank statement?
The betting slip is dated 2012. The article was dated three months ago.
"In the past 18 months, Gavin and Alex Walker have made nearly £400k in the space of a year. - the writer of this fairytale is in such a rush he can't tell the difference between 18 MONTHS AND A YEAR.

So much wrong.

Bullsh1t.

Fish out of water

I think i read somewhere that it was sponsored by a bookie.

Probably just a promotional article to get suckers to bet

diomed

Perhaps I underestimated these two geniuses.
The four matches on that betting slip ended 2-2, 2-2, 2-2, 0-0.
They predicted four draws correctly.
They are amazing tipsters.

Or did Ladbrokes mock up that betting slip after the event?
When I have a winning bet I no longer have the betting slip.
I bring it to Ladbrokes and exchange it for cash.

clickerquicklic

Reads like bullsh*t I don't doubt its possible to make them sums , I have made similar but you will have losing streaks also , a year or 18 months isin't really that long a period to rule out luck , I make between 3-20% a bet probably average about 6% very rarely get above 10% value (my best estimates on true price v's price taken) , I'd be averaging well over 100k a year but lots of work, lots of ups and downs and no 10 pound accumulators that return 4 or 5 figures.