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View Full Version : Ooops, may have dropped a b*ll*ck betting.


Jake
28-05-07, 21:51
In a moment of madness I took a bet that Terry Jenkins wouldn't win tonight's premier league darts. He's now in the final and just 3-2 to Phil Taylor. (on sky sports one if anyone's intersted)


If Jenkins wins it I'm down £775.00 :(

Nicholas
28-05-07, 21:53
bugger, fingers crossed for you Jake!

matlee
28-05-07, 22:00
onnnnnnnneeeeeee hhuuuunnndrreedddddddd andddddddddd eeeigggghhhhtttyyyyyyyyyyyyyyyyyyyyyyyyyyy!!!!!!!!! (+595)

Havard
28-05-07, 22:02
onnnnnnnneeeeeee hhuuuunnndrreedddddddd andddddddddd eeeigggghhhhtttyyyyyyyyyyyyyyyyyyyyyyyyyyy!!!!!!!!! (+595)

:D

Jake
28-05-07, 22:05
Phew looks like I'm gonna be OK after all. It was 3-3 just after I posted but Jenkins is falling to pieces now.

matlee
28-05-07, 22:08
if it turns out ok how much return will you be getting?

Jake
28-05-07, 22:08
Just £100

baldy
28-05-07, 22:47
are you saying you put down£775 on the chance of making a £100?

Jake
28-05-07, 22:48
Yes, exactly that.

Havard
28-05-07, 22:56
Yes, exactly that.

Well Jake...............I have to admire your balls.......;)

H.

terribleturner
28-05-07, 22:57
A fool and his money are easily parted :D

How's it looking now?? Fingers crossed for you Jake :)

Jake
28-05-07, 23:00
A fool and his money are easily parted :D

How's it looking now?? Fingers crossed for you Jake :) It's all over now. Jenkins got thrashed 16-6 (or something like that) so my money is safe.

Taking largish bets at short odds isn't necessarily foolish. The bookies do it every day.

matlee
28-05-07, 23:03
so the odds were around 7/1. thats pretty good damn odds on a two sided event!

toyotasuprauk
28-05-07, 23:04
Wow that could have been nasty! Glad you didnt lose it was a big risk.

Jake
28-05-07, 23:09
so the odds were around 7/1. thats pretty good damn odds on a two sided event! Well no, they were 1/7 (seven to one ON).







Wow that could have been nasty! Glad you didnt lose it was a big risk.
As my best mate says: "You've got to speculate
to lose"
:)

matlee
28-05-07, 23:14
1/7 on for taylor to win? if so what were the odds on the other dude?

Jake
28-05-07, 23:18
1/7 on for taylor to win? if so what were the odds on the other dude? They were up and down all the time during the match depending on how it was going. At one time Jenkins was 5/1 but later he was 28/1 :shrug:

Pot
28-05-07, 23:19
Blimey Jake, I'd always thought about doing it that way, but have never gone through with it... Might start off with a fiver, and go on the favourite each time (but not the horses, seems the favourite isn't as 'reliable')...

Out of interest, does anyone know how the tax thing works on bets?..

matlee
28-05-07, 23:22
They were up and down all the time during the match depending on how it was going. At one time Jenkins was 5/1 but later he was 28/1 :shrug:

ah right im with you now

Jake
28-05-07, 23:24
Blimey Jake, I'd always thought about doing it that way, but have never gone through with it... Might start off with a fiver, and go on the favourite each time (but not the horses, seems the favourite isn't as 'reliable')...

Out of interest, does anyone know how the tax thing works on bets?..



Yeah you're taking quite big risks sometimes. I lost £170 when Rossi didn't win the MotoGP last weekend. The worst I've had in single bet is losing £555.56p (exactly enough staked to win £200) when ManU lost 1-0 to Wolves back in 2004.

I almost never bet on horses, they're too unpredictable for my liking. Football is the best because a lot of other folks seem to bet with their hearts rather than being realistic. I've made shitloads out of footy betting over the last few years.


About the tax thing, betting tax was abolished years ago. I guess you'd have to pay income tax if you were earning a significant amount. (I wish)

Mike
28-05-07, 23:25
Out of interest, does anyone know how the tax thing works on bets?..

You pay the tax on your stake, you don't pay it on your winnings.

Don't pay it on your stake, and you pay it as a percentage of your winnings.

Jake
28-05-07, 23:30
You pay the tax on your stake, you don't pay it on your winnings.

Don't pay it on your stake, and you pay it as a percentage of your winnings.No Mike. All that went out with three spoke wheels raa-raa skirts.

Pot
28-05-07, 23:30
About the tax thing, betting tax was abolished years ago. I guess you'd have to pay income tax if you were earning a significant amount. (I wish)

You pay the tax on your stake, you don't pay it on your winnings.

Don't pay it on your stake, and you pay it as a percentage of your winnings.

Ah, I remembered it the way SonicSoop's said, but wondered how the past couple of times I wasn't asked (I didn't win either time... lol)...

Jake
28-05-07, 23:32
Betting tax: http://news.bbc.co.uk/sport1/hi/other_sports/1437204.stm

Mike is obviously not a big betting man? (just a big man) :)

Pot
28-05-07, 23:36
Wahey!... I'm not fussed about not being a big betting man... Usually my ££ goes on the Sup, Rent, Vodka and Smokes :) - Binge drinking rocks!... All I need to do is to get into drugs and prostitution and then my life is complete as an evil man!...

Jake
28-05-07, 23:56
:) I was talking about SonicSoop (he's 6'10''). Is your name Mike too then? (or have I missed the point completely?)

Pot
29-05-07, 00:03
I think either you missed the point, or realised Im a big cuddly man, I appreciate all of the advice tonight... :) - Time to start on my £5 campaign to get a TT lump in my car :D

Pete
29-05-07, 09:15
Taking largish bets at short odds isn't necessarily foolish. The bookies do it every day.
Ah, but they also take thousands of other bets and know by the end of the day they'll still have plenty of takings.

johnnyknox
29-05-07, 09:23
Well Jake...............I have to admire your balls.......;)

H.



H....that just didn't sound right! ;)

Mike
29-05-07, 09:25
Betting tax: http://news.bbc.co.uk/sport1/hi/other_sports/1437204.stm

Mike is obviously not a big betting man? (just a big man) :)

Well well well... show how often I have a flutter... :p

Thorin
29-05-07, 09:31
Lucky b*stard Jake :D

I daren't make any bets that big but I have a regular flutter. I put £20 in my betfair account to open it 2 years ago and I've had £300 out so far without putting any more in. Up to about £200 in there again now but I only normally have £5-£10 bets. I'd love to be able to earn a living out of it.

I need to start playing the online casino monthly bonuses again, I made a few hundred per month on those but quite time consuming meeting the wager limits.

Havard
29-05-07, 09:35
H....that just didn't sound right! ;)

Yeah mate, I see you point. Still didn't get a response from Jake though..........:rolleyes:

H.

johnnyknox
29-05-07, 09:46
Yeah mate, I see you point. Still didn't get a response from Jake though..........:rolleyes:

H.

:p :d

Gaz Walker
29-05-07, 10:54
Well well well... show how often I have a flutter... :p

Once a decade? :p