Biggest opportunity I've blownNot Alan Partridge tells us: "I was once offered the chance to co-present a programme on national radio. Audience of millions, but blew up spectacularly, my entire contribution being the rustling of paper in the background. I was that bad, I have since burned my copy of the pilot show." Tell us about your big break, and how you messed it up.
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Scaryduck LIKES EGG, Thu 3 Apr 2014, 14:22)
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Agreedbut as you say, the result has to be a even chance win or lose type bet. if it isn't win/lose 50/50, the game theory drops.
This almost exists in the casino world; red/black & High/Low on Roulette (if we ignore the 0/00) but they do not exist in the bookie world, due to the minimum 5% margin the bookie makes on the book. Normally the margin is more like 9% on a football match, 20% on a horse race.
So, as long as you have the money, you will always make a profit of the original stake. This is very unlikely in a betting shop, as there are almost no even chance, 2 result games.
(, Fri 4 Apr 2014, 17:41, 2 replies)
If you have infinite credit this sort of strategy always wins.Unfortunately, the kind of people who might be prepared to give you infinite credit, tend to live in bins underneath rail bridges.
(, Fri 4 Apr 2014, 17:49, closed)
Roulette is pretty close to 50-50, but the combination of floor limits and bad runs turning up kills that idea. It's almost as if they've been in business for centuries and have the whole thing nailed down tight!
(, Sat 5 Apr 2014, 13:52, closed)
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