Over a million quid matched on Arsenal at 1.02 or above

[Woland]

Price To back To lay Traded
1.01 £10,213 £387,734
1.02 £9,648 £680,982
1.03 £8,889 £24,102
1.04 £8,792 £101,898

 

[Asbo]

Wow Krump sorry you lost all that money! 😉

 

[themn]

Could someone translate please ?

 

[kingjulian]

I haven't got a clue what any of this means...

are we saying match fixing?

 

[Bradley]

[quote author=themn link=topic=44069.msg1278924#msg1278924 date=1296929190]
Could someone translate please ?
[/quote]

Yeah, for me this is just random numbers.

 

[Woland]

Sorry it means that a million quid was placed on Arse with a maximum win of around £15,000 when they were 4-0 up. So all that risk and they lost anyways.

Now, schadenfreude being my favouite kind of freude, I thought all y'all might want to share that some poor bastards have lost a lot of money today backing what they assumed was a sure thing.

 

[themn]

So, would the maximum win be for one bet or the sum total off all bets ?

 

[Niall K]

I've always had my doubts at guys backing huge at short odds.

It only has to go tits up once and its a long way back

 

[Asbo]

[quote author=themn link=topic=44069.msg1278936#msg1278936 date=1296929795]
So, would the maximum win be for one bet or the sum total off all bets ?
[/quote]

Bet a Million when its 4-0 and you 'win' 15,000 and get your stake back.

But they lost everything.

 

[Woland]

Sum total.

A third of it was at 100/1. So if you put a hundred quid on an Arse win you'd have won one quid and had 101 returned. But people don't do those bets as one quid isn't worth the effort. They might put 50,000 on to return 500 quid.

Two thirds at 50/1, so a hundred quid returns 2 quid.

 

[Squiggles]

Ouch

 

[Woland]

I'll be happier when someone links me to a related obituary.

 

[themn]

Sounds like compulsive gambling to me.

Pointless betting.

I rememeber hearing a guy (friend of some friends) who bet a grand on France to beat Senegal in the 2002 World Cup.

I can't remember the odds but France would have been odds on.

Well, we all know what happened.

Silly boy. If he had a thousand pounds to bet with he should have gone with the underdogs.

 

[Niall K]

Most of these guys do it for a living Themn. They figure even at such short odds the return in a couple of hours is greater than the interest gained by leaving their money sitting in a bank

 

[Woland]

The people who do this kind of bet would have argued that prior to today, Arsenal have never lost a lead of that size and thus it was 'buying money' at a far greater rate than investing and in a safer way than playing the markets.

But then Tiote scored.

 

[themn]

Ok, but still lol !

 

[Woland]

Oh god yeah.

 

[Asbo]

First rule of betting, if you can't afford to lose it, don't gamble it.

Unfortunately its the rule that is broken most too