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What's the largest sum of money you've ever placed on a single bet?

Discussion in 'General Discussion' started by Ice Tea, 13 Nov 2021.

  1. tenofspades

    Gangster

    Joined: 10 Apr 2021

    Posts: 118

    I did something like where I laid the favourites in a horse race, and doubled the stake each time if it won. And something silly like 7 favourites won in a row, so I lost 50 pounds, and that was the end of my stupidity betting.
     
  2. HangTime

    Man of Honour

    Joined: 25 Oct 2002

    Posts: 29,821

    Location: Hampshire

    That's effectively a variant of the martingale system (typical example being betting red or black in roulette), the problem is you need a large bankroll to sustain the inevitable rise in stake required that will eventually happen and/or you hit a limit in what maximum stake is allowed.

    I did something similar with Tennis, kept laying the server to the win the game because eventually a serve must be broken (even if you have to wait for the 5th set). Because the odds were quite long it meant the stake didn't escalate as quickly as if I was doubling it each time. But it's still a flawed system because of the margin taken by the bookmaker.
     
  3. Glanza

    Capodecina

    Joined: 13 Mar 2007

    Posts: 11,089

    Location: South Yorkshire

    £100 on the Mayweather vs Pacquiao boxing match, not placed a bet since unless you count meme stocks like GME last year.
     
  4. Baldbloke

    Hitman

    Joined: 26 Nov 2010

    Posts: 637

    Location: Thorne Yorkshire

    Apparently. I have an addictive personality. So says my missus, anyway.

    I've been lucky. 30 years ago I started dabbling in gambling. Just a couple of quid. Not started getting in to it properly. This was my early days in the bookies.

    on the dogs, I bet on a 4 win accumulator. First three won. 4th dog got pipped at the post by a flared nostril in a photo finish. If that 4th dog had won I'd have picked up £700 (In 1986) and I'd be a compulsive gambler immediately following that race.

    Not to give up too soon though... I then placed a few quid on a horse. It was a certainty. (Yeah) Fortunately for me this three to one ON certainty got beat by a 25 to 1 outsider.

    Made me realise that I ain't going to get rich by gambling. Stopped betting. Thank goodness that horse got battered. :)

    BTW I wish tv would stop advertising casinos and gambling. They are as bad as drug pushers when it comes to gambling.
     
    Last edited: 14 Nov 2021
  5. Street

    Sgarrista

    Joined: 17 Jan 2005

    Posts: 8,222

    Location: Liverpool

    Including matched betting, probably a few hundred on a single bet but I was pushing thousands through bookies then, my bank statement was just a list of deposits to different bookies day in day out.

    I'm generally adverse to losing money though so very very rarely place real bets, and even then the most would be a tenner.

    I did something similar to that years ago, placing really low odds bets on football on things like under 5 goals when there were 20mins remaining. I started with a tenner, just placing the whole amount each time and made it up to about £200. I banked the lot and bought myself a camera with it, then tried it again and lost my tenner a couple times so gave up. The first time was just pure fluke.
     
  6. adam cool dude

    Capodecina

    Joined: 22 Oct 2002

    Posts: 21,668

    Location: Boston, Lincolnshire

    £50 at the greyhounds for a stag do.

    I was drunk as a skunk and put a quid on every dog just so I could have a winner.

    I did get a proper winner in one round after the old guy told me to bet on a dog that had just taken a dump.
     
  7. Lopéz

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 28,349

    Location: LE9/OTK

    The lottery isn't gambling, it's a lottery...
     
  8. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 53,610

    Location: Stoke on Trent

    £2 a week

    Over the years I've won enough to keep paying my £2 every week without putting more in.
    At the moment I have £64 in my winnings which will last another 32 weeks but that will be topped up by winnings.

    [​IMG]
     
  9. Holst1981

    Wise Guy

    Joined: 1 Dec 2015

    Posts: 1,097

    You are doing better than me.
    I never win anything but another ticket occasionally.

    I don't play every week but sometimes I'll put £10 on 5 tickets on Monday and spend a week feeling like Dellboy "next week I'll be a millionaire"

    I'm well aware that I'm much more likely to be dead next week than win, but the lottery ticket makes me feel more positive no matter how long the odds.

    Plus my partner works in the arts and is often subsidised by the lottery.
    There are much worse ways to waste money.

    I don't gamble on anything else as whenever I do I tend to lose.
     
  10. philstanbridge

    Man of Honour

    Joined: 18 Oct 2002

    Posts: 8,351

    Location: West Coast of Scotland

    I tend not to bet, but my wife likes a flutter. If it counts she has £10k in stocks and shares. We also bet on the national, and occasionally the lottery. My aunt won £300k on the lottery as part of a syndicate. They won the jackpot, and a friend of my wife won £1mill.
     
  11. DeliciousStorage

    Hitman

    Joined: 29 Oct 2019

    Posts: 675

    This argument that it can't be a tax because nobody is forced to play seems like nonsense, it's a tax on the people that do and lack the knowledge of how badly they are getting ripped off. Is VAT not a tax because nobody is forced to buy items with VAT on them?
     
  12. gc123

    Wise Guy

    Joined: 19 Dec 2002

    Posts: 1,482

    dont you just love the emails though......first few times i got up in the middle of the night to log in to find my win was about 3 quid mainly only do euro now ......:)
     
  13. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 53,610

    Location: Stoke on Trent

    They are horrible because you think "This is it".
    I also do a £1 a week in a euro Syndicate.
     
  14. Orangeade

    Gangster

    Joined: 15 Nov 2020

    Posts: 164

    Put equivalent of most peoples life savings on outcome of brexit. The brits didn't let me down. Thanks guys. :)
     
  15. dLockers

    Sgarrista

    Joined: 21 Jan 2010

    Posts: 9,017

    Judging on the financial prowess of most members on here - that could be anything from £50 to whatever a Ferrari 458 costs
     
  16. HangTime

    Man of Honour

    Joined: 25 Oct 2002

    Posts: 29,821

    Location: Hampshire

    I wondered how long it would take for someone to bring up VAT - your analogy is a fallacy because VAT is not charged/sold in isolation. You don't choose to buy VAT - you choose to buy an item that may be subject to VAT.
    For this analogy to be valid, gambling would have to be an additional mandatory option taken when you bought another item. Buy a toy and be forced to buy a lottery ticket with it for example. The choice element being, do I buy a toy or not. But you aren't forced to buy gambling with a toy, because it isn't a tax. It is entirely optional REGARDLESS of what other items you buy. You could literally buy millions of items and STILL not have to pay for gambling. Whereas you would have to pay the VAT on the items it was applicable to.

    To put it another way, VAT is a by-product of the purchase of another item. Gambling isn't. You are explicitly choosing to spend money on gambling. A direct affiliation. VAT on the other hand is an indirect affiliation based on your decision to buy something else. Some people might not even know whether they are paying for VAT or not when they buy an item.

    If you chose to buy no items at all with VAT on them, that wouldn't mean VAT isn't a tax, because it would still be mandatory for others who did buy items with VAT. The applicability of VAT isn't impacted by whether you personally do or don't buy anything.

    Going back to my earlier point, if we go down this path that it is a tax because if you choose to pay for it, you have to pay for it, then effectively that infers that everything you choose to pay money for is tax (it isn't).
     
    Last edited: 14 Nov 2021
  17. Pawnless Endgame

    Capodecina

    Joined: 10 May 2004

    Posts: 11,782

    Location: Sunny Stafford

    The difference is guys that most gambling has an RTP of between 80% and 97%.

    The lottery only has an RTP of 50%. That's why it is a scam.

    As for me, the most I gambled was £1000 in premium bonds for 5 years and it won sweet FA. At least I didn't lose the £1000, but it was a pointless exercise all the same.
     
  18. bainbridge

    Mobster

    Joined: 9 Dec 2009

    Posts: 4,489

    Location: Bristol

    I spent £20 on lottery tickets after winning x2 £10, but then didn't win anything. I've only put money on the grand national once, about £10, and lost. I'm in a lotto syndicate at work and 12 of us put £10 in per month, the most we've won is £108. We currently have £160 in our pot which we'll probably spend on drinks when we have a team Christmas meal.

    I'd love to win enough money to give up work and live comfortably, but gambling doesn't have that fascination for me that it has for some people.
     
  19. dLockers

    Sgarrista

    Joined: 21 Jan 2010

    Posts: 9,017

    Think you've confirmed I should cash out of PBs lol.
     
  20. bainbridge

    Mobster

    Joined: 9 Dec 2009

    Posts: 4,489

    Location: Bristol

    Premium bonds isn't gambling :) Your money is safe, there's no risk of losing it.