There Is No Fool Like A Careless Gambler Who Starts Taking Victory For Granted. – Hunter S. Thompson

Don't Go For Broke with this Idea

When gambling, never take the option: Go For Broke.

Yes, I'm the master of stupid questions. 

As a child, I used to play the board game: Go For Broke, made by MB. The game you play with friends and family to lose a million as fast as you can. The first to lose a fortune wins the game. I can't help but imagine if given the opportunity to choose your dream board-game candidates I'd choose the following four players: John McCrirrick, J P McManus, Terry Ramsden and Julian Clary, backed by Norman Lomont.   

What a game that would be. 

I can remember playing Go For Broke. 

There was something very satisfying about losing a million rather than winning one, which is so last year. 

I see that MB Milton Bradley may no longer manufacture the game as I see a new, snazzy, design, John Adam's Go For Broke by Ideal. 

Anyway, enough about ''The game you win by losing a million''

Clearly, if this happened in real life it would be a disaster and reason why we all need to find value when betting. 

So, after my daydreaming, you would rather back a given horse at 20/1 than 5/1?

Yes, the King of stupid questions.

But how can you possibly back a horse at giant odds and the next thing it is half those odds or shorter? 

It sound very mysterious, hey. If you are a user of the betting exchanges, you may wish to take advantage. Now, you need to have some idea why a horse might be backed and get on at big odds.

You may be saying: ''I've not got the slightest idea how I would be able to do it.''

To be fair it would be like finding The Key to the Kingdom (another less successful board game).

Here's the logic to using your skill to bet on horses at bigger odds rather than jump in at shorter odds. 

My reason, if you bet £100 at 20/1 and it's backed to half those odds, you could have a no-lose bet to win £1000 (for free). Take the opposite side of the coin where you bet on a horse at 20/1 and it drifts to 40/1. 

This sounds like the board game: Go For Broke. 

But laying the bet off as a loss would cost you £50. So in ways you have a lot more to gain by betting on a horse and hope it is backed to afford a no-lose bet. Clearly, you need some skill to anticipate a gamble but this could be something as simple as following the money. Or you may use statistics to help in this endeavour. 

Good luck.

Read our last post: Questions And Answers Equal Success

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