michaelc
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Trump
Sept 11, 2024 14:58:25 GMT
Post by michaelc on Sept 11, 2024 14:58:25 GMT
You make me laugh sometimes Adrian. It was going so well until your final word. Helpful hint: There is no house in a betting exchange. They do it for free, do they? They are a platform just the platforms in stocks and indeed p2p. They don't set the price of the underlying (intangible) asset. If for religuous or other reasons you don't like betting, what do you think you're doing when you buy a new fund or stock? Suggest you read up a little before making your hole bigger
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adrianc
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Trump
Sept 11, 2024 15:05:26 GMT
Post by adrianc on Sept 11, 2024 15:05:26 GMT
They do it for free, do they? They are a platform just the platforms in stocks and indeed p2p. They don't set the price of the underlying (intangible) asset. So that's a no on doing it for free. And, I presume, they take a cut, whichever way the result goes? They're the house. That's where they win.
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registerme
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Post by registerme on Sept 11, 2024 15:14:20 GMT
Not directly Trump related, but kind of in the "US / Trump / Russia / Russian propaganda / Ukraine" nexus.
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michaelc
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Trump
Sept 11, 2024 15:34:28 GMT
Post by michaelc on Sept 11, 2024 15:34:28 GMT
They are a platform just the platforms in stocks and indeed p2p. They don't set the price of the underlying (intangible) asset. So that's a no on doing it for free. And, I presume, they take a cut, whichever way the result goes? They're the house. That's where they win. They are NOT the house ! No more so than Lansdowne Haargreaves are the House. There is no house! House has a special meaning in gambling and neither Hargreaves nor Lendy are "The House" - they are all platforms that take a cut of any trade on their platform. House means they are active participants in the deal. In a casino or betting shop, you place a bet directly against "The House". The House might gain or lose an individual bet but long term expect to make a gain. Platforms make a charge for each trade or period of time that trades take place and they gain regardless of the outcome of the trade (whether or not the underlying stock, house or intangible performs) Stock brokers are not Houses, p2p platforms are not and nor are betting exchanges as all of them act in a similar manner and keep arms length from the underlying trades. bernythedolt this guy's stubbornness in the face of defeat is killing me
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adrianc
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Trump
Sept 11, 2024 15:37:06 GMT
Post by adrianc on Sept 11, 2024 15:37:06 GMT
Whatevs. YKWIM. The only winner is the bookie, the platform, whatever you want to call them except the house because that's a special term.
And, no, HL are not the same. They're facilitating the sale of a thing. Here's the price each. I'll buy five. Here's the money. I now own five. They're as similar to a bookie as a supermarket are.
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benaj
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Trump
Sept 11, 2024 15:44:49 GMT
Post by benaj on Sept 11, 2024 15:44:49 GMT
I don't think the "house" bet against customers, they just take the bets, pays when they win little and disputes the payout when they win big. Let's not forget who informed the Gambling Commissions
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michaelc
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Trump
Sept 11, 2024 16:05:54 GMT
Post by michaelc on Sept 11, 2024 16:05:54 GMT
I don't think the "house" bet against customers, they just take the bets, pays when they win little and disputes the payout when they win big. Let's not forget who informed the Gambling Commissions So who pays the punter when the favourite wins ? Or put more simply, who pays the punter for a winning ticket when there isn't enough money in the book to pay out ?
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michaelc
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Post by michaelc on Sept 11, 2024 16:06:31 GMT
Whatevs. YKWIM. The only winner is the bookie, the platform, whatever you want to call them except the house because that's a special term. And, no, HL are not the same. They're facilitating the sale of a thing. Here's the price each. I'll buy five. Here's the money. I now own five. They're as similar to a bookie as a supermarket are. Ok I give up. Its a lost cause !
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benaj
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Post by benaj on Sept 11, 2024 16:17:35 GMT
I don't think the "house" bet against customers, they just take the bets, pays when they win little and disputes the payout when they win big. Let's not forget who informed the Gambling Commissions So who pays the punter when the favourite wins ? Or put more simply, who pays the punter for a winning ticket when there isn't enough money in the book to pay out ? When they don't have enough money for one race, the book from other races cover it. Having said that, the margin for houseracing in 2022 is around 14% for bookmakers. www.bettingwebsites.org.uk/articles/horse-racing/what-is-the-average-bookmaker-margin-on-horse-racing/Also, they take bets in advance (Ante Post bets) like US election to cash in money early where they don't have to pay out early.
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Post by bracknellboy on Sept 11, 2024 16:26:35 GMT
Whatevs. YKWIM. The only winner is the bookie, the platform, whatever you want to call them except the house because that's a special term. And, no, HL are not the same. They're facilitating the sale of a thing. Here's the price each. I'll buy five. Here's the money. I now own five. They're as similar to a bookie as a supermarket are. what about where they allow you to buy options ?
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michaelc
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Trump
Sept 11, 2024 17:00:21 GMT
Post by michaelc on Sept 11, 2024 17:00:21 GMT
So who pays the punter when the favourite wins ? Or put more simply, who pays the punter for a winning ticket when there isn't enough money in the book to pay out ? When they don't have enough money for one race, the book from other races cover it. Having said that, the margin for houseracing in 2022 is around 14% for bookmakers. www.bettingwebsites.org.uk/articles/horse-racing/what-is-the-average-bookmaker-margin-on-horse-racing/Also, they take bets in advance (Ante Post bets) like US election to cash in money early where they don't have to pay out early. So that is a House then. Over time the bookmakers have an edge (the House Edge). Platforms like stock brokers and betting exchanges on the other hand broadly speaking take the same fee based entirely on trading turnover - i.e. a small amount per trade or a lump sum covering all trades that month/year. Back to the point - Harris clearly won last night as it reset the odds back in Harris' favour. Since last night Trump seems to have caught up and now its very close again. But my guess is the momentum is in one direction....
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michaelc
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Trump
Sept 11, 2024 17:07:29 GMT
Post by michaelc on Sept 11, 2024 17:07:29 GMT
Whatevs. YKWIM. The only winner is the bookie, the platform, whatever you want to call them except the house because that's a special term. And, no, HL are not the same. They're facilitating the sale of a thing. Here's the price each. I'll buy five. Here's the money. I now own five. They're as similar to a bookie as a supermarket are. Ok I give up. Its a lost cause ! To be fair you introduced something new. You are saying anything that doesn't facilitate the trading "things" is a House? What about p2p loans some which have no security so there is no thing - just a promise to repay in the future. Is that a House? What about a stock broker trading all sorts of exotica much of which doesn't involve any tangible asset. What about crypto? Are crypto exchanges Houses too because they don't deal in things?
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Post by bernythedolt on Sept 11, 2024 17:43:06 GMT
Whatevs. YKWIM. The only winner is the bookie, the platform, whatever you want to call them except the house because that's a special term. And, no, HL are not the same. They're facilitating the sale of a thing. Here's the price each. I'll buy five. Here's the money. I now own five. They're as similar to a bookie as a supermarket are. Ok I give up. Its a lost cause ! Horse... I'd like you to meet water and all that, but this definitely isn't a hill worth dying on. Whatever they might say about deploring gambling, you are debating here with otherwise intelligent people who've taken the rational decision - as we all have - to loan out their hard-earned in the form of unsecured p2p loans... A scarier gamble would be difficult to imagine. Don't be frustrated, be amused.
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registerme
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Trump
Sept 11, 2024 18:09:20 GMT
Post by registerme on Sept 11, 2024 18:09:20 GMT
This is worth watching (only eight and half minutes long).
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Post by captainconfident on Sept 11, 2024 18:24:52 GMT
Oh! This is the Trump thread, not Ladbrokes.
Well, now I'm here, i'll say, she's good. I didn't pay attention before because I don't really mind who the Americana elect as long as it isn't Trump. But she actually seems like a calm and thinking person with force of character, who could do great service for her country. If the Yanks don't vote her in, they really are nuts.
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