Ok, I'm not sure about the validity of this as a form of gambling because everyone's opinion of value is subjective making pricing of bets open to debate. I generally win at gambling because I spot a value bet and therefore even if I lose a fair amount of bets, because I get value, I still end up in profit.
However sometimes there are situations where I see a bet where I think the price is "wrong" and will correct itself nearer kick-off as punters come to their senses and it gives me an opportunity to bet on an outcome and then later bet against the outcome and lock in a profit.
For instance, 2 weeks ago I stuck £300 on City to win the league @ 3.7 because I noticed United had LFC and City as imminent fixtures. My rationale was that if United didn't win at Anfield (and I didn't think they would) and City beat Villa - City would be about 3.2 going into the game with United and I could then bet against City winning the league and lock in a profit.
City only went to 3.4, which still gives me an opportunity to trade for a small profit BUT I'm going to leave until I see what team Mancini picks on Sunday. If he picks Aguero, Nasri, Silva, etc i.e. really goes for it instead of playing for a draw, I'm probably going to leave the bet running because I think they have every chance of winning. If City were to win the price would swing dramatically and they would become favourites to win the league allowing me to lock in a juicy profit.
Midweek last week I mentioned that I had layed United winning at LFC @ 2.46 with a view to selling for a profit. Unfortunately I forgot to factor in that I was on the piss in Dublin at the weekend and would have limited internet access so had to sell the bet for a tiny profit @ 2.52 BUT the price went all the way to about 2.7 before kick off so I could have made a fair bit more.
Anyway, hope you get the gist of what I'm trying to do. This is quite experimental as I don't usually trade that often so if you're following this proceed with care. I'll start with a £200 bank.
However sometimes there are situations where I see a bet where I think the price is "wrong" and will correct itself nearer kick-off as punters come to their senses and it gives me an opportunity to bet on an outcome and then later bet against the outcome and lock in a profit.
For instance, 2 weeks ago I stuck £300 on City to win the league @ 3.7 because I noticed United had LFC and City as imminent fixtures. My rationale was that if United didn't win at Anfield (and I didn't think they would) and City beat Villa - City would be about 3.2 going into the game with United and I could then bet against City winning the league and lock in a profit.
City only went to 3.4, which still gives me an opportunity to trade for a small profit BUT I'm going to leave until I see what team Mancini picks on Sunday. If he picks Aguero, Nasri, Silva, etc i.e. really goes for it instead of playing for a draw, I'm probably going to leave the bet running because I think they have every chance of winning. If City were to win the price would swing dramatically and they would become favourites to win the league allowing me to lock in a juicy profit.
Midweek last week I mentioned that I had layed United winning at LFC @ 2.46 with a view to selling for a profit. Unfortunately I forgot to factor in that I was on the piss in Dublin at the weekend and would have limited internet access so had to sell the bet for a tiny profit @ 2.52 BUT the price went all the way to about 2.7 before kick off so I could have made a fair bit more.
Anyway, hope you get the gist of what I'm trying to do. This is quite experimental as I don't usually trade that often so if you're following this proceed with care. I'll start with a £200 bank.
