| Trading V Gambling
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| | Well this is what i did.
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| When on line gambling died and a new king
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| | My bet was £100 at 6.60 (betting
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| was born long live the new king long
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| | exchanges work in decimals) this
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| live the on-line trader. A revelation
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| | would give me a profit of £560 + my
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| swept the gambling world in June 2000
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| | £100 stake if Tiger did win.
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| with the launch of the betting
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| | But of course if he lost i would lose my
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| exchanges. Essentially these sites
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| | £100.
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| have allowed us punters to become
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| | Thanks to the betting exchanges allowing
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| bookmakers and have introduced people
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| | us to trade this does not have to be the
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| to people betting thus doing away with
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| | case.
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| the traditional bookmaker. But more
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| | At the end of the first days play Tigers
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| importantly they have given us the option
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| | odds had come down to 3.45 from his
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| of being able to trade our bets.
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| | original 6.60 this would allow me to do
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| Why is this important ? Well lets take
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| | a lay bet, in other words i was now going
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| the 2006 British Golf open ,this is a 4
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| | to bet against Tiger.
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| day event with 156 players taking
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| | Now i had a choice i could make my bet
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| part, the favourite for this tournament
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| | for £100 which meant that if Tiger did
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| was Tiger Woods.
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| | not win then i would break even and win
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| Now Tiger is being labelled as the best
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| | or lose nothing, if he did win my
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| golfer the world has seen and if you
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| | winnings would be £315 or i could
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| studied his record you could not
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| | make my bet for £150 then if he lost i
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| argue, but from a betting prospective you
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| | would win £50 who ever won but if
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| are being asked to put your money down
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| | Tiger did win then i would win £193.
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| on 156 runner field that last over 4 days
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| | Or i could leave the bet and gamble.
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| with Tigers odds at 6/1.
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| | Before the arrival of the betting
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| So you go down to your local bookies or
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| | exchanges i would not be able to do any
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| go on line and place your bet on Tiger
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| | of the above and would have had to
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| then sit back to watch your golf and
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| | agonise over the 4 days and hoped that
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| hope you have made the right bet.
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| | Tiger could weave his magic and i
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| At the end of the first days golf the
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| | would win my bet , as things turned out i
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| leaders score is 66 but there are 32
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| | opted for the £150 bet and sat back
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| players all within 3 points of the
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| | and watched 3 thrilling days of golf safe
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| leader and a further 17 within 4 points
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| | in the knowledge that who ever won i
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| so with 3 days still to play there are
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| | would be at least £50 better off.
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| 50 players all within 4 points of each
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| | As history will show Tiger did weave his
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| other, and within those 50 players
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| | magic and came through to win by 2
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| there are some of the best golfers in the
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| | points and i ended up £193 better off.
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| world including the best Tiger.
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| | Yes i could of stuck to my original
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| Now if your bookmaker phoned you up at
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| | bet and have won a further £367 but that
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| this stage in the tournament and offered
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| | would have been gambling, and i do not
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| to settle your bet at 30-40 or 50% of
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| | gamble any more i am a trader.
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| what you may win bearing in mind the
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| | Long live the new king long live the
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| above what would you do ?.
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| | on-line trader.
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