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3 hours ago, Bruce Spanner said:


Oh, I’m aware of how it works and that’s why I’d never set foot in a betting shop, but the assertion he doesn’t care is preposterous as his whole gig is predicated on right or wrong/win or loss.

If you believe a bookmaker cares or the idea of him caring is preposterous you really do not understand how turf accountants work. If they cared or worried about the result of a horse race, football match or the presidential election they wouldn't be trading very long.

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6 minutes ago, Gnasher said:

If you believe a bookmaker cares or the idea of him caring is preposterous you really do not understand how turf accountants work. If they cared or worried about the result of a horse race, football match or the presidential election they wouldn't be trading very long.


Oh, I’m aware it’s a confidence trick, that’s why I’d never gamble, do you? 

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5 minutes ago, Bruce Spanner said:


Oh, I’m aware it’s a confidence trick, that’s why I’d never gamble, do you? 

I have been known to have the odd flutter. To give you a clue how successful my gambling career has been last season was the first time in approx 30 years I didnt put a couple of quid on Liverpool winning the league. Didnt curb the celebration though.

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14 minutes ago, Bruce Spanner said:


Oh, I’m aware it’s a confidence trick, that’s why I’d never gamble, do you? 

There are a few good few on here who know how to play the odds, Jarz and a few others are good on the mathematics of the game. 

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7 minutes ago, Bruce Spanner said:

Oh, so the odds don’t always indicate personal expectations, so we’re back at the fact that none of the market movement means anything in the grand scheme of things regarding polls then? 

Well I'd suggest that people are putting money on trump because as Rico hinted the demonstrations may play in his favour. So they believe the bookies odds of 3/1 was value. I'm not positive on that though but that's seems the way its playing out and the odds compilers are altering the odds accordingly.

Edit The bookmakers will also know by the type of bets coming in for Trump approx how much are from seasoned analysts who are playing the odds and others who bet because they want him to win.

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9 minutes ago, Gnasher said:

Well I'd suggest that people are putting money on trump because as Rico hinted the demonstrations may play in his favour. So they believe the bookies odds of 3/1 was value. I'm not positive on that though but that's seems the way its playing out and the odds compilers are altering the odds accordingly.


Oh, so it was value at 3/1, but later when it was at evens it was what, a way to make easy money, or a way of shorting and stripping idiots of cash?

 

 

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1 minute ago, Bruce Spanner said:


Oh, so it was value at 3/1, but later when it was at evens it was what, a way to make money, or a way of shorting and stripping idiots of cash?

 

No, not really  it's just a balance of the books. I wouldn't bet Trump at even money, I wouldnt bet him at 3/I although at 3/1 I can see why some might think of it as a value bet. I wouldnt bet him at 33/1 because I dont want him to win.

 

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Just now, Bruce Spanner said:


Ah, so, it’s pointless putting any stock in this and the it’s pointless to put any credence in the bookies odds when it comes to the election?

 

I think that was a five point Socratic argument that shows the original point was, er, well, pointless.  

Pointless is the operative word.

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7 hours ago, dockers_strike said:

It is a weird system. To us at least. The US President isnt elected by direct, popular vote. People vote for their candidate in each state. Each State has a number of 'votes' in the Electoral College based on how populous each state is. More people in a State, the more votes in the college that State has.

 

The Electoral College isnt bound to allocate votes to the winning candidate as voted by a State but normally does. I think the last time they didnt was some time in the 1800's.

 

That said, even in the UK, a party can have the most candidates returned and form a Government on fewer votes than the main opposition party got due to variation in the size of some constituencies.

For the life of me I've never understood why they don't elect the President on a popular vote and do away with all the focus on a handful of swing states. The vast majority of voters are completely ignored as they live in solidly Blue or Red state. Joke of a political system. 

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2 hours ago, Gnasher said:

I have been known to have the odd flutter. To give you a clue how successful my gambling career has been last season was the first time in approx 30 years I didnt put a couple of quid on Liverpool winning the league. Didnt curb the celebration though.

If I were you, I wouldn't bet on Liverpool winning it this season either. You never know, your loss might be Liverpool's gain.

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3 hours ago, magicrat said:

For the life of me I've never understood why they don't elect the President on a popular vote and do away with all the focus on a handful of swing states. The vast majority of voters are completely ignored as they live in solidly Blue or Red state. Joke of a political system. 

Think it stems from the birth of the nation and founding fathers. Like many countries a couple of hundred years ago, the common man wasnt considered literate enough to vote on such important matters as directly electing a President. Women didnt get a look in at all.

 

Not sure if the state elections were used to get  just an indication which way the populous was leaning allowing the learned men to make the actual decision and it just continued that way.

 

It's also why the Presidential election is held in November but the inaguration of the President is in January. Votes in Western States took weeks to gather in and then transport across the country to Philidelphia when it was the capital before DC was built.

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21 minutes ago, dockers_strike said:

Think it stems from the birth of the nation and founding fathers. Like many countries a couple of hundred years ago, the common man wasnt considered literate enough to vote on such important matters as directly electing a President. Women didnt get a look in at all.

 

Not sure if the state elections were used to get  just an indication which way the populous was leaning allowing the learned men to make the actual decision and it just continued that way.

 

It's also why the Presidential election is held in November but the inaguration of the President is in January. Votes in Western States took weeks to gather in and then transport across the country to Philidelphia when it was the capital before DC was built.

Agreed but for fucks sake can’t they ever update the system. Their second amendment was written was written for people who had muskets and there was no standing army not for headbangers with automatic weapons. It’s a total fuck up. 

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17 hours ago, Gnasher said:

It's like a weighing scale, a good bookie will balance the books so he wins whatever the result. Thats the theory, hd will then earn without risk. Not as easy as it sounds though and not as much profit I playing percentages, a few shrewd big bets/a late flurry of money etc can result in bookmaker liability, that's why they try to move the odds to alter the market thus alter their profits/losses.

The bottom line in the gambling industry is The House Always Wins.

 

Only a truly, desperately shit-awful casino-owner could actually lose enough to go bust. Such a person shouldn't be trusted with anyone's money.

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46 minutes ago, AngryofTuebrook said:

The bottom line in the gambling industry is The House Always Wins.

 

Only a truly, desperately shit-awful casino-owner could actually lose enough to go bust. Such a person shouldn't be trusted with anyone's money.

You grasped it angry, in fairness I think Brucie was teasing.

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The problem used to be that politicians had reputations for evading questions or giving fluff answers when challenged in interviews. They still do that but now the real problem is interviewers never have the energy or time to pull them up on the most outrageous lies that these people tell. They either haven't done their homework and can't challenge, or they're just too meek. Meanwhile the lie is edited, filtered out to the wider public as a clip, usually on social media, and it's now 'truth'.

 

Facebook is the most dangerous threat to democracy since WWII. Forget about Communism, the Russians, North Korea and all that - a social media company that gives anything and everyone a platform with either no filter or locks the stable door after the horse has made it to a different postcode. They put their hands up and say "we're not a news source" and yet they purvey over the biggest reaching news network on the internet. Facebook should be broken up and sold off piecemeal, it's too big and too vast. You could argue the same for many tech companies now. Abdicating resposibility whilst reaping the rewards and allowing 'MSM' to take the blame for the lies that go around like wildfire. It's horrendous.

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