Music Banter - View Single Post - Gambling: do you, and if so, how much?
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Old 10-19-2015, 01:15 PM   #7 (permalink)
Cuthbert
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Join Date: Nov 2012
Location: The Black Country
Posts: 8,827
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Only when I know I am guaranteed to win, which I guess isn't really gambling but fuck it.

I have lost about three or four bets in my life where it wasn't tactical betting for the sake of getting a profit, I just fancied a bet while watching some sport and I made a financial loss, £20 max, the others were the odd fiver. All the rest I make a profit on. I am up on the bookies, couple places have banned me.

It's only worth it if there is value in the bet. It isn't really about if you lose, you could bet on Real Madrid to win each home game in a season, at the end of the season you'll have won most of your bets but are you going to be in profit at the end of it? No.

As long as you only bet what you can afford to comfortably lose and don't chase your losses and you know about what you're betting on then feel free. The fact of the matter is only 4% of gamblers will make a profit, the bookies are rarely wrong.
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