Going to try a football betting spin up, so going to keep a log here for my records and for anyone else that is interested. Before anyone jumps down my throat and points out all the wrongs..
e.g Starting with 100 points. When a bet brings me over 300 points, i'm going to withdraw 20%, so if i get to 355 points i'll withdraw 71 and start with 284 points. If i then reach 852 points (3x284) i'll withdraw 170 and start again with 683 points etc.
If i drop below 50 points, i'm going to change to betting 50% of the roll.
I'm not a serious bettor and this is only an experiment and a bit of fun. I'm not interested in taking the best odds on offer (Bwin is usually really good), but if odds on Bwin are significantly less than on other sites, i won't be taking the bet.
I'm using 1 site only for ease of keeping the roll and the log because if i move around sites, i'll bet on other things and not stick to the rules i've laid out and get lost.
I do know a little about the compound overround and why betting on doubles is less than optimum, but most will be odds on and i'm too much of an action junkie to stick to singles, plus i want to see if this would be profitable. If it looks good, then i'll do a more serious one taking the best odds on offer. At the moment, just really looking at form and little snippets from stats and not delving into whether they have a full squad or not. That's for next time
This could go bellyup very easy, and if it does i won't lose too much sleep over it. I'm just doing this for myself, and if i can turn a profit and reach the target i have in mind then happy days, and i'll roll on with the next one and see if there's any serious money to be made!
- I'm only going to be betting on Bwin.
- I'm going to bet 25% of my roll on every bet i make.
- Will make no more than 1 bet per day.
- I'm going to be betting on football singles or doubles only.
- I'm going to withdraw 20% of my roll every time i reach 3x my starting point.
e.g Starting with 100 points. When a bet brings me over 300 points, i'm going to withdraw 20%, so if i get to 355 points i'll withdraw 71 and start with 284 points. If i then reach 852 points (3x284) i'll withdraw 170 and start again with 683 points etc.
If i drop below 50 points, i'm going to change to betting 50% of the roll.
I'm not a serious bettor and this is only an experiment and a bit of fun. I'm not interested in taking the best odds on offer (Bwin is usually really good), but if odds on Bwin are significantly less than on other sites, i won't be taking the bet.
I'm using 1 site only for ease of keeping the roll and the log because if i move around sites, i'll bet on other things and not stick to the rules i've laid out and get lost.
I do know a little about the compound overround and why betting on doubles is less than optimum, but most will be odds on and i'm too much of an action junkie to stick to singles, plus i want to see if this would be profitable. If it looks good, then i'll do a more serious one taking the best odds on offer. At the moment, just really looking at form and little snippets from stats and not delving into whether they have a full squad or not. That's for next time
This could go bellyup very easy, and if it does i won't lose too much sleep over it. I'm just doing this for myself, and if i can turn a profit and reach the target i have in mind then happy days, and i'll roll on with the next one and see if there's any serious money to be made!
Comment