The Aussie Dollar

faststeady · #31 15-10-2008, 01:27 PM

the good ole days are gone now gav

much tougher game these days, need trigger fingers or software assistance, the bookies are quick as they run odds comparison stuff as well and they now do whats called gubbing , so if their odds are out they will just void the bet and say tough luck, thats fine if you just bet , but if you trade it results in an open position that can cost a small fortune

the rise of exchanges is all good though. and from saturday just gone we can bet in running on horses. i layed 500 on lucky secret as it hit the straight 2 in front at odds of 1.01 (meaning i risked 5 bucks to win 500 if the horse lost) and it duly lost in a photo, easy money for a fiver risk

Robyn · #32 15-10-2008, 01:50 PM

Quote:

Originally Posted by faststeady

robyn,

i played poker full time for a couple of years , then moved to sportsbetting. i only play a few hours of poker a week now , but play at reasonably high stakes. (i used to play up to 10 tables at once , for about 20-30 hours a week)

now i mainly do whats called arbitraging, which is basically betting sports odds that are out of line and then selling them at a lower price, locking in a guaranteed profit from that. (same theory as the daytraders do with the stock market)

sorry to take this thread further off topic, just answering robyn's query.

It's interesting stuff to me.

I don't mind the occassional flutter as Gav says but really prefer not to gamble - which is why I play poker. Not as often as I used to either anymore - these days its more like binge weekends and then nothing for months.

My stake level is too small to justify the hours grinding (3 tables absolute max - I miss too much otherwise). I really like tournaments but am susceptible to tilt. I once smashed a monitor... so SNG's proved to be the most consisitently profitable avenue for me.

I have read a little about line betting (initially via one of Stu Unger's biography's) and was intruiged but didn't spend any time looking into it in any detail.

Anyway,
Thanks for the info
Robyn

faststeady · #33 15-10-2008, 01:56 PM

a multi tabling poker playing lady.......marry me please

Robyn · #34 15-10-2008, 02:45 PM

only at a Vegas, drive through chapel with an Elvis (preferably the bloated years) impersonator as the celebrant

faststeady · #35 15-10-2008, 04:29 PM

we'll tie into into the wsop

, i just have to get rid of the wife im currently happy with but she's got a few months to stuff up. put on a few kilo's since my avatar photo but promise to trim down for the occassion

gav you make a good point, everything is about trading. be it wholesale butchers, site hosting, gambling etc. it comes back to the risk level tolerated and checks and balances put in place to adhere to them. i don't pity the yanks.

i think we're not known as the lucky country because of luck. we might be a bit laid back but we're not stupid and the current world financial situation and our subsequent world "report card" is evidence of this.

our currency is one of the highest traded by all measures on most days of the week.

ramble over

cheers

hamo · #36 15-10-2008, 04:39 PM

Ah, the joys of Arbitrage, I recently just got back into PPC Arbitrage after a 3 year hiatus.

It really is the easiest way to make money IMO.

faststeady · #37 15-10-2008, 04:56 PM

lets hope our mining companies did the prudent thing and lock in/take forward cover on their forward sales books, which i am confident they have. next 6 months we'll see the cream rise to the top

HarveyJ · #38 16-10-2008, 02:01 PM

Quote:

Originally Posted by faststeady

a multi tabling poker playing lady.......marry me please

I think I called dibs on that a few weeks back when it turned out Robyn listened to Danzig :P

heheh

faststeady · #39 16-10-2008, 05:26 PM

link me so i've got proof of the two timer

here's a simple example of what a basic arbitrage is from a gambling perspective. luxbet have a promotion on this week .

you get odds of 10.0 on the favourite in the caulfield cup on saturday littorio

right now as i type littorio can be "layed" at odds of 6.80 at another site (this will shorten in the next 24 hours, i suspect into the mid 5's).

a $50 bet at luxbet and a $74 lay on the other site yields a $20 profit whether it wins or loses (at the 6.80, more when it shortens). thats a 40% return in less than 2 days.

sad but true

disclaimer : i can only do one kind of smilie thing

alexpratt · #40 18-10-2008, 07:31 AM

Talking about Exchanges - How is Betfair doing? I know they are trying to do big things in Oz - Are they well known yet - Does the average person know what an exchange is? I know when I eventually understood it I found them amazing - Suddenly every live sport becomes interesting when you have in play betting!

Regarding poker - I am trying to sort a special tournament for when we are Sydney for the show - It will be free to enter for all attendees and hopefully if my plan comes together teh prize will be a seat in the APPT which is worth just over 6k AUD although based on this thread that will probably be worth just a few USD by then

aussiemike · #41 21-12-2009, 08:39 AM

Any comments on the AUD today? It took a massive leap when the crash happened. Why? Because the Australian Govt. (go bless their souls) took action to restrict what the banks could do quite a while ago. Or could I be wrong? Any comments?

Moldydish · #42 21-12-2009, 02:30 PM

Quote:

Originally Posted by aussiemike

Any comments on the AUD today? It took a massive leap when the crash happened. Why? Because the Australian Govt. (go bless their souls) took action to restrict what the banks could do quite a while ago. Or could I be wrong? Any comments?

Well I wish it was a great deal stronger against the pound! I just thought to send a little pressie to a couple of people over your way and discovered they were only going to get half in pounds (around about).

When you speak of the government taking action, it really wasnt much of one. Interest rates are crawling back and the poor remain poorer each day as supermarket costs, rent, electricity, water and gas skyrocket (in my estimation anyway). Still, Nostrodamus, the Aztecs, the Mayans and even the Torah/Bible tell us that it will all be over by 2013 and then there should be 1000 years of really fanstastic stuff or obliteration. So at least all those fees should be shot by then!

Jen

Chrisg · #43 22-12-2009, 07:41 AM

I don't mind it at the moment. Christmas presents were ordered through amazon.co.uk so we got quite a good exchange rate. Agree with Moldydish the only thing the government did was spend but we're going to have to pay it back sometime maybe it won't matter if it is after 2013

aussiemike · #44 22-12-2009, 09:05 AM

At least the exchange rate is better than last year for me. I did get a bit more with the Christmas Shopping money this year than I did last year. Still I watch the exchange rate every day and it goes up and down. Best this year was about 57c/£ which was better than the 37c/£ of this time last year.

I would say I hope Gordon opens his mouth again and make the exchange rate better but that might be hard on you blokes