21st May 2014, 12:55 PM
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Member
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Join Date: Nov 1999
Location: Western Australia
Posts: 2,389
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Quote:
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Originally Posted by UselessBettor
Most do give you a liability. Its about $5 that you can win which can mean bets of about 30c or less.
Interesting I have been to a lot of trade shows on data science and prediction and every single one of the bookies is there and are eager to find better techniques for identifying betting patterns.
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UB, I agree with PAT123, I've said before they should have to accept bets up to say $1000 liability on any single event from ANY individual, I mean if they don't like it they can lay it off can't they?
When you think about it that's what being a bookmaker is all about isn't it; i.e. balancing a book, there's a winner in every race, if they have the numbers right they make (approx) 20% regardless, so there should be legislation in place definitely. |