Chitchat Does anyone know the answer - Sg pool betting system

[chootchiew]

When we buy 4D there is a limit for a number, if I'm correct is $2000. Which means sg pool is only can pay upto first prize limit at 2k.

But when comes to soccer, e.g. when they offer a odds of 3.80, and someone punt in $500k , they have to accept this payout 3.8X 500k if the team wins.
Of course after that the odds for that team will drop drastically to very low.

As for horse punting, it is different. When someone punt in $500k, the payout will be only finalized after the race (cheating), in this case that punter might just win odd of $5 pay $5.10 , $50k from that $500k.

For soccer the odds is lock in once punter place their bets.
But how does sg pool ensure they can take this risk ?

 

[po2wq]

dey spread their risk wif other betting sites ...

 

[chootchiew]

dey spread their risk wif other betting sites ...

don't mind elaborate ?
do u mean they will work with other betting sites / bookies to ensure this fella picks will never happen or they share the cost with other betting sites if that fella happen to win ?

 

[frenchbriefs]

Sg pools is like a bookie,trader,brokerage,if u want to take 500k of action against a certain team at 3.80 odds,they simply look for other players,gamblers who wants to take the other side of the bet.ur 500k bet can be split up into many tiny pieces,if they can't find a big gambler who wants to bet 500k they simply look for 100 people who wants to bet 5k each.

so if u win it's not sg pools that lose,the player or gambler taking the opposite side of ur bet who pays u.of course how sg pools make money is by charging u worse odds,let's say they calculate that the odds of a draw is roughly 3.9 but they tell u if u win u only win 3.8,and for the gambler playing the opposite side,they tell him if he loses he must pay 4.0, the difference between 4.0 minus 3.8,which is 0.2 they take as commission which is totally risk free.

 

[chootchiew]

Sg pools is like a bookie,trader,brokerage,if u want to take 500k of action against a certain team at 3.80 odds,they simply look for other players,gamblers who wants to take the other side of the bet.ur 500k bet can be split up into many tiny pieces,if they can't find a big gambler who wants to bet 500k they simply look for 100 people who wants to bet 5k each.

so if u win it's not sg pools that lose,the player or gambler taking the opposite side of ur bet who pays u.of course how sg pools make money is by charging u worse odds,let's say they calculate that the odds of a draw is roughly 3.9 but they tell u if u win u only win 3.8,and for the gambler playing the opposite side,they tell him if he loses he must pay 4.0, the difference between 4.0 minus 3.8,which is 0.2 they take as commission which is totally risk free.

I know what u mean but... when I lockin at 3.8 it is already a honoured bets. Especially if it's going to kick-off say 5mins later. Where they find people to eat my bet ? they punch in my ticket immediately , unlike stocks where there is a buyer.

 

[frenchbriefs]

I know what u mean but... when I lockin at 3.8 it is already a honoured bets. Especially if it's going to kick-off say 5mins later. Where they find people to eat my bet ? they punch in my ticket immediately , unlike stocks where there is a buyer.

Then u must be on the losing team,the other team they close betting long ago, tickets oversold.

Like the guys who bet on Germany to lose in the world cup,even singapore gambling council bet Germany will lose,haiz why my daddy go bet Germany,now I no money buy handbag hold slimwaist.

 

[chootchiew]

Then u must be on the losing team,the other team they close betting long ago, tickets oversold.

Like the guys who bet on Germany to lose in the world cup,even singapore gambling council bet Germany will lose,haiz why my daddy go bet Germany,now I no money buy handbag hold slimwaist.

ok that make sense. last min gigantic bets should be already fixed to lose. No wonder last min scripts are given to players.
1k 2k on sky rocketed odds has not much impact though they can still pay . that's why sometime I manage to win 1k on those odds of 6.0 7.0

 

[chootchiew]

Then u must be on the losing team,the other team they close betting long ago, tickets oversold.

Like the guys who bet on Germany to lose in the world cup,even singapore gambling council bet Germany will lose,haiz why my daddy go bet Germany,now I no money buy handbag hold slimwaist.

wait a min, that means sg pool will also have connection to script writers ? just in case a sinkie throw in 1mil last min ?

 

[Narong Wongwan]

I know what u mean but... when I lockin at 3.8 it is already a honoured bets. Especially if it's going to kick-off say 5mins later. Where they find people to eat my bet ? they punch in my ticket immediately , unlike stocks where there is a buyer.

You just want to know if it's possible for sg pools to lose money. The answer is yes. Even casinos can lose money.
But with the odds on their favour they always have house advantage.
Though it seems sg pools got a better deal with lottery and horse betting. Which looks sure win for them.

 

[chootchiew]

You just want to know if it's possible for sg pools to lose money. The answer is yes. Even casinos can lose money.
But with the odds on their favour they always have house advantage.
Though it seems sg pools got a better deal with lottery and horse betting. Which looks sure win for them.

then hosay liao. i have a vision to break the sg pool code and make them close shop. but this requires the capital from sinkies .

 

[frenchbriefs]

Oh yeah sure,SG pools can be beaten,which is why sinkies lose 9.9 bil every year gambling,are the second highest gamblers in the world and the government collects 2.23 bil in gambling taxes.3.5 million sinkies have tried beating sg pools and none succeeded.

 

[Narong Wongwan]

then hosay liao. i have a vision to break the sg pool code and make them close shop. but this requires the capital from sinkies .

You're even more naive than I give you credit for.
Like bro said pap close shop sg pools also won't close shop.
Though Sg pools might not make profit for 100% on all their Soccer bets. They have house advantage and the house always wins.

 

[AhNehs]

another gongcheebai theory from the resident 1.5k slim waist holder

 

[shittypore]

Horse Punters betting at the club will die broke. The Club offers no incentive, no fix odds at the time u place your bets. Only Big bookies or tote Manipulators has the advantage of using the club's betting system and they encourage it.

 

[chootchiew]

You're even more naive than I give you credit for.
Like bro said pap close shop sg pools also won't close shop.
Though Sg pools might not make profit for 100% on all their Soccer bets. They have house advantage and the house always wins.

well is just a vision since after discussion it appears that sg pool can still lose big money if all sinkies pool their funds to bet at 1 lump sum at high odds just before kick-off.
for now I will just earn my breakfast/lunch/dinner money :p

 

[chootchiew]

Horse Punters betting at the club will die broke. The Club offers no incentive, no fix odds at the time u place your bets. Only Big bookies or tote Manipulators has the advantage of using the club's betting system and they encourage it.

yup. favourites horse punters are the stupidest gambler. They throw in all their money for the 10cents without able to know the final odds . last time stc was worst. a place could be paid $0 odds i.e. $5 pays $5 wtf and this goes on for decades until last few years than came a min winning of 10cents.

 

[rocket]

When we buy 4D there is a limit for a number, if I'm correct is $2000. Which means sg pool is only can pay upto first prize limit at 2k.

But when comes to soccer, e.g. when they offer a odds of 3.80, and someone punt in $500k , they have to accept this payout 3.8X 500k if the team wins.
Of course after that the odds for that team will drop drastically to very low.

As for horse punting, it is different. When someone punt in $500k, the payout will be only finalized after the race (cheating), in this case that punter might just win odd of $5 pay $5.10 , $50k from that $500k.

For soccer the odds is lock in once punter place their bets.
But how does sg pool ensure they can take this risk ?

Sometimes soccer drop suddenly may not be someone whack it.
It changes to either lure u to bet or confused u.
SG pools soccer odds is tied to international odds like bet365 Williams hill tonybet of course at poorer odds of 10%-15%.

 

[rocket]

then hosay liao. i have a vision to break the sg pool code and make them close shop. but this requires the capital from sinkies .

No one can break the house in long run.

It suicidal to bet long run.

SG pools offer 3face bet where private offer 2face bet when already u will lose in long run.

 

[chootchiew]

No one can break the house in long run.

It suicidal to bet long run.

SG pools offer 3face bet where private offer 2face bet when already u will lose in long run.

when bet blindly I agree is a sure lose game especially for a 3face bets.
however over the years I made some break through discovery and that some games have equal chance to win even the odds are of big gaps
I shouldn't be disclosing too much here.
just treat as tcss :p

 

[Yamato]

When we buy 4D there is a limit for a number, if I'm correct is $2000. Which means sg pool is only can pay upto first prize limit at 2k.

But when comes to soccer, e.g. when they offer a odds of 3.80, and someone punt in $500k , they have to accept this payout 3.8X 500k if the team wins.
Of course after that the odds for that team will drop drastically to very low.

As for horse punting, it is different. When someone punt in $500k, the payout will be only finalized after the race (cheating), in this case that punter might just win odd of $5 pay $5.10 , $50k from that $500k.

For soccer the odds is lock in once punter place their bets.
But how does sg pool ensure they can take this risk ?

Actually gambling is bad for everyone. You know there's always odds against gamblers.