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Betting on Saturday's Game

peter foster

By peter foster
in St. Albans City Forum

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peter foster Newbie

peter foster

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I assume you are a St Albans fan. Now if Chelmsford win on Saturday I assume that you will not be a happy bunny. So, to "hedge your unhappiness" put £100 on Chelmsford to win. Then if St Albans lose you'll have the winnings from your bet to partially offset, or "hedge" your unhappiness!. And if St Albans win you'll be "over the moon" and won't give a toss about the £100 you've lost on your bet!

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EFM The Firm, The Voice Newbie

EFM The Firm, The Voice

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<blockquote><font class="small">Quote peter foster:</font><hr />

So, to "hedge your unhappiness" put £100 on Chelmsford to win. Then if St Albans lose you'll have the winnings from your bet to partially offset, or "hedge" your unhappiness!. And if St Albans win you'll be "over the moon" and won't give a toss about the £100 you've lost on your bet!

 

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What if it's a draw?

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EFM The Firm, The Voice Newbie

EFM The Firm, The Voice

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<blockquote><font class="small">Quote peter foster:</font><hr />

" and won't give a toss about the £100 you've lost on your bet!

 

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We don't give a toss about that sort of money anyway, that's pocket money to us. I know Essex isn't quite as rich as City but 10 Grand would be about the right amount to wage.

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peter foster Newbie

peter foster

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You say "we" but everyone has their own standard of what they consider is a sum of money that they WOULD give a toss about losing. For example, if you are unemployed with debts then the loss of £10 might hurt. Whereas if you are a senior trader in the City you probably light your fag with £10 notes and may well consider a loss of £10,000 as being the minimum that would be required before you "gave a toss". The levels which most of us have in mind would probably lie somewhere between the two extremes of £10 and £10,000. The amount to bet, or hedge, therefore is individual - in economics, they used to call it "the marginal utility of money" which means that if you are dying of thirst in the middle of the Sahara desert you would give every penny you owned for one glass of water....

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Ryan.c Newbie

Ryan.c

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Didn't you lot have a bookies in the clubhouse a few seasons ago? I seem to remember us lot clearing him out thanks to Colins Simpsons 6 yard thunderbolt of a winner! No need to back City (Chelmsford that is) I've seen them this season and they are [****!!****].

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