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“-Nowadays, some casinos even have two zeroes on the roulette wheel. Anyone playing them should be certified. But gambling on a Champions League match, a Premier League match, you can win.”- This, he explains, is because modern betting exchanges take a far lower proportion of their punters’- stakes in profit. “-There is no margin, it’-s about 2 per cent.”-
“-If I were leaving school now, the chances of ending up behind bars are the same as me skiing for Britain in the London Olympics. It only happened because of all the lies and kidology that used to go on with betting. Nobody can get [bets] on with bookmakers, because when you win you get closed down. Now it’-s all up front. We’-re now living in the real world. Press that button on Betfair and let’-s see how good you are. Simple. There’-s no myths or lies any more, it’-s all fact.”-
He also believes that direct, accountable trading via the internet betting exchanges is taking the carpet up on the cheats, and he colourfully repaints some of the turf’-s most honoured names as arrant frauds. “-At the end of the day, it don’-t matter how big your house is,”- he says. “-Nurses and teachers working for nothing, they’-re the real legends. If you cheat, what kind of buzz is there, conning all that lot?”-
Read the previous blog posts by Chris F. Masse:
- Ratted by his bank, sex-addict New York governor Eliot Spitzer (alias “Client 9”) resigns.
- BBC’s coverage of politics is dull like taxes, death and German sausages.
- Never talk when you can nod, and never nod when you can wink, and never write an e-mail because it’s death. You’re giving prosecutors all the evidence we need.
- Is Justin Wolfers a libertarian? Probably not.
- The information technology that caught Eliot Spitzer
- Eric Zitzewitz’s 10 minutes of fame
- Fun with conditional probabilities