An man, who understandably wants to remain nameless, bet £900,000 on a No Vote in the Scottish Referendum, and (obviously) won.
Unfortunately it wasn't me. I don't have that sort of float knocking about! But I did recommend that even if you were voting Yes, then still bet No.
My bets were small in comparison, but at least I too can feel like a winner!
Whether he knows it or not, this fellow has taken a value bet.....hell he's an advantage player! He's used his brain and the information available from the polls to make an informed decision and then profited from it. Sure sometimes that value bet might not come in, it's like being offered odds of 3/1 on coin flip, those odds don't guarantee your selection, but you'd take that bet all day long because in the long run you'll profit. All this meant he beat the bookies, to the tune of £193,333.33.
When the polls showed the "Yes" campaign in the lead, my wife did come in with the newspapers and said: "Now what?" So yes it was nervous.
It was not a "feckless gamble", as some have suggested.
If you want to be someone who profits from the bookmakers, rather than them profiting from you, then start by learning matched betting. From there join The Gambling Times to join the ranks of advantage players, the people who beat the bookies.