Wins and near misses

[mightytiges]

Have you guys and gals ever won anything in say in a radio competition or in pub raffle or lotto or at Crown etc.... that made you go --> ?

And have you had any near misses like being one number out that made you go "bugger" lol ?

 

[Jackstar]

Yep !

[Moi]

And have you had any near misses like being one number out that made you go "bugger" lol ?

Stop adding insult to injury, MT 
He only brought this up because I told him i got 5 numbers last night and instead of having 15, i had number 14.  Missed by that much 
Life is so cruel lol

[WilliamPowell]

Yeah I won a George Foreman Lean Mean Fat Free Grilling Machine from GoldFM because I made Grubby laugh.

 

I waited and waited and waited some more for this bloody prize. Finally got it after 2 months and it is the small model - wouldn't cook 2 steaks! Sits in the back of cupboard and has never been used 

[tiga]

On the win side, I once won $28,000 on one of those linked pokies and had no idea I had won. I actually called an attendant because I thought that the machine had jammed because when I went to press the button for another go nothing happened. The attendant arrived and he told me to look up at the big flashing sign and he said that's your's. I nearly dropped dead on the spot. Can you also believe that it was only a 5c machine which I had put $5 into. Some woman came up to me and said that She was going to play that machine and demanded that I give her some of the winnings. Fat Chance Lady!

[mightytiges]

And have you had any near misses like being one number out that made you go "bugger" lol ?

Stop adding insult to injury, MT 
He only brought this up because I told him i got 5 numbers last night and instead of having 15, i had number 14.  Missed by that much 
Life is so cruel lol

Yep lol

As I told Moi, I once got 4 and both supps but you still only get paid 4th division  .

I also once tried a maths "trick" on the roulette wheel at Crown where you just play odds/evens or reds/blacks and when you win you double your original bet but when you lose you then double the next bet and keep on doubling up until you win so when you do win you regain the money you've lost on the losing streak + gain an amount equivalent to your original bet. The green "0" means it's not perfect but in theory you have excellent odds to walk away at the end of the day well in front. If there wasn't a green "0" you would never lose using the "trick".

Problem is the buggers there know this so they have in place a maximum bet which stops the "trick" from working so it's all rigged in their favour. I still came away with a few hundred dollars as it would of taken 4 or 5 loses in a row with the amounts I was betting to reach the maximum bet and for the "trick" to fail but I haven't bothered since going into a casino. 

[Moi]

Come again, MT 
 

[mightytiges]

Come again, MT 
 

LOL

ok the odds of red/black or odd/even are 1:1. Which means for every dollar you bet you win $2.

Say you bet a $1 on evens and win on the first spin. You end up $1 on front.

Say you lose on the first spin. You then bet another $2 on evens on the second spin. If you win you win $4 minus the $2 you just bet and the $1 you lost on the first spin. You end up $1 back on front.

Say you lose again on the second spin. You then bet $4 on evens on the the third spin.If you win you win $8 minus the $4 you just bet, the $2 lost from the second spin and the $1 lost on the first spin. You end up $1 back in front.

and so forth. Each time you lose you stay on the same bet (in the above case "evens") but keep on doubling the amount bet from the previous bet until you win (until "evens" comes up again). Then when you're $1 back in front you start again.

So you can't lose. If you wanted to win more money and faster you just increase the original bet. The only limit is the amount of money you can afford to lose on a losing streak. Using the above example 10 straight loses would mean a next bet of 2 to the power of 10 = $1024.

[Moi]

Oh that's much simpler 

BTW, i'm glad i didn't win first division this week, only paid $111,000.  Can you believe that?  And in my syndicate of 10, would have got $11,000 

Yes, i'm greedy lol

[mjs]

There is no system capable of beating a casino because the casino pays less than true odds.

The odds for black/red are 1:1 or even money EXCEPT that there is a zero which pays nothing. So if you are backing say Red, the odds are worse than 1:1 because there are only 18 reds against 19 (18 blacks plus the zero). The casino pays you 1:1 but the real odds are 1.05:1. Over time you cannot beat a system that pays under true odds.

If you back a single number the casino pays you 36.1 when the true odds are 37:1.  

The technique of doubling up a losing bet or bets is guaranteed to send you broke, even if they allowed it. After 10 of the same colour (it happens often) you are betting over S10,000 if your starting bet is $10.

Treat the casino as a bit of fun - if there was a system in existance to win consistently they would be out of business, and they aren't.

[mightytiges]

There is no system capable of beating a casino because the casino pays less than true odds.

The odds for black/red are 1:1 or even money EXCEPT that there is a zero which pays nothing. So if you are backing say Red, the odds are worse than 1:1 because there are only 18 reds against 19 (18 blacks plus the zero). The casino pays you 1:1 but the real odds are 1.05:1. Over time you cannot beat a system that pays under true odds.

If you back a single number the casino pays you 36.1 when the true odds are 37:1.  

The technique of doubling up a losing bet or bets is guaranteed to send you broke, even if they allowed it. After 10 of the same colour (it happens often) you are betting over S10,000 if your starting bet is $10.

Treat the casino as a bit of fun - if there was a system in existance to win consistently they would be out of business, and they aren't.

That's all true.

I was talking about a real 1:1 (my bad) in theory where you have unlimited money. Then you can't lose. Other than that (the real world) you are working by probabilities.

10 of the same colour should in theory have a probability of 1/1024 (roughly 0.1% chance) of occuring (hence a 99.9% chance of it not occuring). Even with the "0" added that's too low a probability for a casino. Even stock market risk models don't work with such low risk levels. They typically work with 1%.

That's why the casinos have a maximum bet limit. From memory Crown's was equivalent to around 4-5 losses in a row which equates to around a 5% probability of going broke. A 1 in 20 goes chance of going broke would be enough to wipe most people out.   

When you gamble you will eventually lose so as you say MJS you should only do it for a bit of fun and only play with money you can afford to lose and are willing to lose.

[tiga]

I've found that the best form of gambling (if there is one) is Horse racing excluding trots. IMO avoid trots and dogs like the plague.
For a while I made a good living out of the gallops by staying clear of the big races and focusing on regional tracks during the week.
Short races (1400m or less) and maiden handicaps. In these kind of races if you do your homework, you can bring home a steady flow of cash for minimal investment.

If anyone is interested, these are some of the rules I used to follow when betting on horses. These are purely my ideas

1. Get on track whenever possible. Compare the tote with the bookies. There is a lot of "dumb money" on the tote to take advantage of. If a bookie is paying 3/1 on a horse and the tote is paying 6/1 hit the tote but wait as close as possible to race time before placing a bet. On regional tracks, bookies quite often have good inside info so look for discrepencies between the two betting formats.
2. Set a budget and never go over it.
3. Pocket any winnings you get and only use your original betting budget.
4. Do your homework. Never bet on a horse that you don't know anything about.Maiden Hcp's always check barrier trial form.
5. In shorter races it's good to focus on race times and track conditions in the form guide.
6. I'd go to the mounting yard and get a good look at the horses you want to bet on. Be wary of horses that sweat before a race or require a late gear change as they may not have been prepared properly.
7. Most of my success was taking Quinella Multi's or Box Quinella's. As Regional tracks don't bring in the big money as on city tracks, don't expect quinella's to pay big as the pool is smaller and so are the number of starters so I usually would throw in a roughie for my third horse to boost the odds. Quite often if they come in second, you get a good return. Quinella's don't bring in the big biccies of a trifecta but they pay more consistently. Consistency is the key

[julzqld]

I won a dinner at Dracular's Theatre Restaurant up here on the Coast for correctly identifying Cold Chisel's "When the War is Over" on a radio competition.  I also just missed out on winning a couple of grand by incorrectly saying a song was by Midnight Oil (can't remember who it actually was). 

Re Tatts - years ago my grandfather dreamt he won 2nd div and at the same time my grandmother was dreaming how she spend the money if they won it.