Monday, August 17, 2009

terrible gambling

today reminded my why i hate gambling. i saw birmingham playing well against united and figured they had a goal in them against utd's dodgy defence and midfield. so i had some monies on them (£8), which obviously led to utd scoring. the price for a utd win plummeted further so i added a few pounds to my lay of utd. thus i jinxed it further ensuring a utd victory. wp me.
so i foolishly decided to try having a bet on the 100m run today.
once again, this reminded me why i hate gambling.

i saw asafa powell run pretty good, and tyson gay (great name!) run really badly in their heats. obviously though, they both made it through to the semi's comfortably along with usain bolt who would clearly win the final. bolt was a very short price to win the whole thing (2 more races) so i thought i would have a bet on powell to finish second.

except what i did was bet on powell to win outright, and to win in a market which did not include bolt. i figured when he would get through the semi's his price would drop from 20-1 and i could lay off for a profit either way.

he makes it through the semi's and his price went up to 30-1. just before the race started, it was 65-1. oops. usually i bet for about £5-£10 cos i am not much of a gamblor and this always ruins the bets when i plan to lay them as i end up winning 10p either way. so this time i scaled it up and ended up with £50 on powell to win. OOPS.
HOWEVER, my saver in the w/o bolt market meant that if he comes second i would still win £35 overall. this lead me not to worry as i was confident he would come at least second so not being able to lay off shouldnt be a problem.

i watched the race without paying attention to bolt, instead looking at gay and powell as they raced side by side in the dust of bolt. it's amazing how 2 metres difference translates into about 1/10th of a second.
anyway, bolt won in a world record, beating his 9.69 with a time of 9.58. the biggest jump since electronic records began. the worrying thing is that he could still go faster as he spent the last few metres watching the clock so he could see the time as he crossed the line.

as for powell and gay, they both got off to good starts, but after about 30m gay began to run away from powell who never managed to catch him. powell has previously run 9.74 which was a world record at the time, till it was beaten by bolt.

gay decided to run 9.71 tonight, the third fastest time in history.

i hate losing and think this will end any further attempts at gambling for a long long time. (ps poker doesn't count as gambling). i will also withdraw most of my betfair account as i don't play much poker there anymore since their offer ended and their software is painful to play on.

back to stars for me as soon as i feel like playing. hopefully that'll be next week but i can't be sure.

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