[Finance] Betting advice, please

Harry Wilson's tackle said:

I feel a bit like I am starting a thread in homage to the great BG....but here goes:

I have a bet placed on Bet 365. It is the first bet I have placed since the 'fixed' dog race debacle of 1978.

I placed a £50 bet on the outcome of a sporting event (oh, I'd best come clean, The Albion to be relegated this season) at 8:1. Psychological insurance, don'cha know.

The only thorn in the ointment is that I am now being offered 'cash out' at more than twice my stake (£112.50).

Mrs T is a bit cross I have wasted £50 (optimistic, is Mrs T). She knows an awful lot about football, but doesn't really like it.

So.....should I stick and collect £60 (8 bottles of decent red at Majestic) or twist and risk becoming single-handedly responsible for The Albion's relegation, followed by who knows what sort of nightmare scenario in the championship, with Potter holding the club to ransom, not speaking with Ashcroft/Ashdown whatever his name is, and various overpaid players languishing in their games rooms, feigning injury.

And if [MENTION=28934]AmexRuislip[/MENTION] suggests this thread is useless without a poll, I'll be round next week to 'water' his asparagus patch

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AmexRuislip said:

I would never question your threads, oh emperor of Faversham.
Go down the Majestic route, its a must.
I'm contemplating starting on my crate of Warsteiner beer, courtesy of my boss.

Any chance of a poll

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Harry Wilson's tackle said:

I feel a bit like I am starting a thread in homage to the great BG....but here goes:

I have a bet placed on Bet 365. It is the first bet I have placed since the 'fixed' dog race debacle of 1978.

I placed a £50 bet on the outcome of a sporting event (oh, I'd best come clean, The Albion to be relegated this season) at 8:1. Psychological insurance, don'cha know.

The only thorn in the ointment is that I am now being offered 'cash out' at more than twice my stake (£112.50).

Mrs T is a bit cross I have wasted £50 (optimistic, is Mrs T). She knows an awful lot about football, but doesn't really like it.

So.....should I stick and collect £60 (8 bottles of decent red at Majestic) or twist and risk becoming single-handedly responsible for The Albion's relegation, followed by who knows what sort of nightmare scenario in the championship, with Potter holding the club to ransom, not speaking with Ashcroft/Ashdown whatever his name is, and various overpaid players languishing in their games rooms, feigning injury.

And if [MENTION=28934]AmexRuislip[/MENTION] suggests this thread is useless without a poll, I'll be round next week to 'water' his asparagus patch

Click to expand...

Harry Wilson's tackle said:

I feel a bit like I am starting a thread in homage to the great BG....but here goes:

I have a bet placed on Bet 365. It is the first bet I have placed since the 'fixed' dog race debacle of 1978.

I placed a £50 bet on the outcome of a sporting event (oh, I'd best come clean, The Albion to be relegated this season) at 8:1. Psychological insurance, don'cha know.

The only thorn in the ointment is that I am now being offered 'cash out' at more than twice my stake (£112.50).

Mrs T is a bit cross I have wasted £50 (optimistic, is Mrs T). She knows an awful lot about football, but doesn't really like it.

So.....should I stick and collect £60 (8 bottles of decent red at Majestic) or twist and risk becoming single-handedly responsible for The Albion's relegation, followed by who knows what sort of nightmare scenario in the championship, with Potter holding the club to ransom, not speaking with Ashcroft/Ashdown whatever his name is, and various overpaid players languishing in their games rooms, feigning injury.

And if [MENTION=28934]AmexRuislip[/MENTION] suggests this thread is useless without a poll, I'll be round next week to 'water' his asparagus patch

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Harry Wilson's tackle said:

Betting advice, please

I feel a bit like I am starting a thread in homage to the great BG....but here goes:

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Weststander said:

Stick to your guns and keep the bet. Cashing out can cut the bookies losses.

But please don’t blame me if we stay up. You’ll be happy anyway.


[I’ve got one on ManC winning the CL, it will be very lucrative if they do. Betfair try to tempt me to cash out].

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KZNSeagull said:

You can bet against the Albion being relegated at 3.7 on Betfair Exchange here: https://www.betfair.com/exchange/plus/football/market/1.159595497.

If you stake £50 on them not being relegated, this will cost you £135 if they are. So, you will win £400 at the bookie, but lose £135 if they are relegated, giving you a profit of £265. If they are not relegated (which they won't be, you miserabalist), you will get your £50 back (less commission of 5%).

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nwgull said:

Another vote for let it run. I’ve got a at a similar price (17/2) and put on £75, as the winning will cover my season ticket if we get relegated. Like you say, an insurance bet, and I know a few who have done something similar both this season and last.

Nothing wrong with betting on an event you don’t want to happen. I don’t want my house to burn down, but I still pay my premiums.

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KZNSeagull said:

You can bet against the Albion being relegated at 3.7 on Betfair Exchange here: https://www.betfair.com/exchange/plus/football/market/1.159595497.

If you stake £50 on them not being relegated, this will cost you £135 if they are. So, you will win £400 at the bookie, but lose £135 if they are relegated, giving you a profit of £265. If they are not relegated (which they won't be, you miserabalist), you will get your £50 back (less commission of 5%).

Click to expand...