The counter-Midas touch
By grandpa_lash
@grandpa_lash (5225)
Australia
March 26, 2012 12:51am CST
Midas turned things to gold by touching them: I turn them to lead.
I have been a gambler most of my adult life, and I would have lost a fair bit of money in that time. About 10 months ago, after 3 years of solid analysis, I came up with a system which is extraordinarily successful, although by its nature it doesn't win big amounts, just lots of little ones, to the extent that I have won over A$19,000 in 42 weeks. Taking into account the relative value of the dollar over the years that probably doesn't go close to recouping what I've lost, but it is a very welcome extra for someone living on a fixed pension.
Recently I began analysing my results by venue. There are some 38 dog tracks across Australia that I can bet on, and I wondered if an analysis might throw up some that lose consistenly so that I could omit them and make more money. At first glance it appeared that I might be right, although the data is not really significant enough yet at many of those tracks. Now this is where my ability to turn gold into lead pokes up its ugly head.
Example 1: One track has just come back to racing after a major rebuild and overhaul, and the first three meetings there were losses, so I decided it might be better to wait until the pattern of racing became clearer. Today my system only threw up one bet, so I decided not to risk the stake. You can, I'm sure, see where this is heading. Had I bet on it, I would have won enough to almost wipe out all the previous losses.
Example 2: One other venue has been giving me problems with consistency over the entire three years it took me to develop what I'm now succeeding with, and continued once I found it. After some 9 meetings it was down about $150, so I decided to stop betting there. I'm sure you can guess where this is heading too. Ever since I stopped it has won consistently, and has almost wiped out the previous losses. Today I have taken the plunge and bet on the 5 races my system came up with; what are the odds it will be a disaster day?
Example 3: A third venue, one which hadn't really come to notice previously, had lost several hundred dollars over the period of analysis, so I decided to drop it. First day out it had a big win, so I decided I had been hasty and reinstated it. The next meeting there it lost heavily (of course), so I again changed my mind. The next meeting ..... do I need to say? It has now been permanently reinstated lol.
I give all this detail because I realise that many people reading this will have little or no experience with what I'm talking about, but my question is, do you have the Midas Touch or are you like me, a Master/Mistress of the Counter-Midas Touch?
Lash
1 person likes this
4 responses
@allen0187 (59828)
• Philippines
26 Mar 12
this discussion had me laughing out loud!
this is exactly my predicament lash. i gamble myself on sports like american football, basketball, and ice hockey and more often that i not, i would be on the losing side of the bet because of a terrible moose.
anyway, i'm pressed for tiem now but i'll be more than happy to share my bad beats so to speak.
be back manana.
nice to see a fellow gambler here in mylot.
cheers!!!

@grandpa_lash (5225)
• Australia
26 Mar 12
I had a brother-in-law once who had the Midas Touch. I remember one day we went to the races and by race 6 he'd blown his week's wages, so he got me to drive him home, only a few minutes away, where he snuck into his sister's room and "borrowed" $20 (1969, it was worth a bit then), and we raced back to the track where he put it all on the last winner at 6/1, back home to return the money.
Then that night we went to the illegal casino at King's Cross (Sydney, Australia) where he used his $120 to bet on the baccarat table, finally being offered the bank. He proceeded to build a $40 bank up to $1280, that's five straight winning hands, and everyone expected him to walk away at that point, but he blithely went "Banco" and doubled it up to $2560, a fortune in 1969. Then we walked away lol.
Three days later he was at my front door trying to borrow some money to get him to work, but that's another story. A couple of years later, after a short stint in gaol (and that really IS a funny story), he married an heiress and went to live on the Isle of Capri. I have no idea what happened to him after that, his sister and I split up.
Lash
1 person likes this
@allen0187 (59828)
• Philippines
29 Mar 12
hi lash.
just want to share a sample of a bad beat in nba. no, i didn't bet this game but i have some friends who had the over for this game. not sure at what line the over/under score opened but my friends had bet the over202 and over202.5.
derozan who shoots 80% from the free throw line misses two free throws that would have sent the game over. also, jose calderon who shoots better than 80% from the line missed a technical free throw earlier. it didn't help as well that denver was not able to sink a single fieldgoal, not one, in the last eight and a half minutes of the game.
crazy! just crazy!
lol!
one would think that the devil
is behind losses such as this!!!
hahahahahahahahaha!!!

one would think that the devil
is behind losses such as this!!!
hahahahahahahahaha!!!

@grandpa_lash (5225)
• Australia
30 Mar 12
I've only ever bet on four legged critters, or more recently on head-to-head in our brands of football, so almost everything you said there went whistling past my ears lol. I've never quite got a grip on point spreads, although we did have a game last week bewteen a brand new first game team and its local rival which has won a couple of flags in the last decade, and the bookies were giving 96.5 start, almost unheard of in this game. I thought 50 points might be closer, so I took the even money on the weaker team. The eventual margin was 64, so I got in by miles. But close points spreads have me completely bewildered, since I find it hard enough to pick the winners let alone the margins. Head-to-head may not pay a lot, but it's the only way I can manage it. I'm in front so far this season.
Lash
1 person likes this
@MsTickle (25180)
• Australia
6 Apr 12
Congrats are still in order for that amount over the 42 weeks. Well done. There are always more losers than winners and I fit into the non winning category so I rarely have a flutter knowing full well what the outcome will be, lol.
More power to you Lash.
@grandpa_lash (5225)
• Australia
7 Apr 12
Thank you for the comment, and I'm happy to say that another $1000 has joined its friends in my pocket lol since I started this discussion. It gets almost boring, which is time for an addict like me to take great care, boredom is NOT the goal lol.
Lash
@sharra1 (6340)
• Australia
30 Mar 12
Oh yes the old Midas touch which was actually a curse. I believe the story was intended to warn people of the danger of putting the greed for wealth above all else but it goes over the heads of those who have and does nothing to stop those who want doing anything they can get away with to have more.
It is true that our luck is such that if we bet on something it will lose and if we watch it then it will win. It has frustrated me for years but I always believed that there had to be some way to overcome our bad luck. I am so glad you found a system that works at last.
@JenInTN (27514)
• United States
31 Mar 12
I am by no means blessed with the "Midas Touch." I have not tested it to any great extent but I have tried to do the lottery scratch off ticket things when they were first allowed here. I would hear about everyone winning from $10-$500 bucks from $1 tickets. I never won anything more than another losing ticket. I pretty much chalked it up at that point and accepted the fact that I had that lead based counter touch that you are talking about..lol.



