Rasing your money by 1%

[blogsphere]

I really wounld find this a painstakinly slow way to make money. far play if you have the bank roll to do it - but takin gprevious examples with you 1k bankroll you need the first 99 to come in to maintain you 1k stake!

[Greenzero]

Originally Posted by arie1985

Sure thing

You've completey inspired me.... I'm gonna do the same thing.

Been thinking though what about combining many bets.

Say the first round of the US Open. I pick 6 'given' matches and combine them.

1.01 x 1.02 x 1.03 x 1.01 x 1.02 x 1.03 x £100 if all 6 IOBVIOUS results came in it pays £212
Amazing, never dabbled with this bettinhg...

[jjh]

Originally Posted by compare bets

Just been reading your posts. It sounds good. It would be good if could work our the liklihood of how many bets would go against you, say, out of 100. That you could work out how much you'd need to stak in order to stay in profit. I do spread betting, no spam intended.......someting that is really importing in trading share etc, is good money management. You need to divide you bank into points and give each point a monetry value. Then only bet a certain percentrage of you bank, I only bet 4%. It's low but it keeps you in profit.

What'ya think?

Will

Bookmakers tend to be freakishly accurate with their odds with a slight favour there way.

In horse racing, EVS shots win 49% of the time and it wouldn't suprise me if the really low prices follow the same route- so a 1.01 shot probably loses around 1/100 times.

That is over all however, Arie had a great approach to his betting and with a good staking plan could have made longterm profits... losers do come an they set you well back but it's all about value...

[Mazais Rakaris]

Originally Posted by jjh

BTW, nice blog

Bit of advice though, your making the worst betting mistake humanly possible!!!

Your putting everything onto the win bet, I can't stress enough the importance of level stakes betting here.

You might win 99 bets in a row and then when one loses, you lose everything because every bit of profit is going onto the next bet. One will lose sooner or later, believe me mate!

What you need to do is maybe put a bit more into your account and keep it solely level stakes.

What you're trying to do is take advantage of an almost certain outcome (obviously you know all this) but it has to be level stakes. If the 1.01 and 1.04 is value, then play it to level stakes so you don't wipe out your entire work when one does lose. And it is a case of when, not if.

Exactly my thoughts ... Profit is way too low and you'll lose anyway someday but good luck and let us know when you'll reach 100k.

[revmeup]

Originally Posted by arie1985

What do you think on the system of placing bets on odds of 1.01 only (or something similar)? Do you think it's a good way to make profit?

If you don't understand I refer to, for instance, football games, where on the 80th minute a team is leading 2 - 0 (or by 2 goals) and you put your money on them to win. Of course you should avoid "dangerous" game such as Spanish League games etc.

I've been betting on sports exchanges for 5 years now and I have bet at 1.01 on many occasions and of course most won, but from bitter experience I would advise against it. You will lose at some point. A team is 2 up with 10 mins to go and the losing team scores. The price on the exchange will go out to 1.04 to 1.08 typically, meanwhile on the pitch the team that seemed destined to lose only a couple of minutes ago get a fresh wind and wave upon wave of attacks keep the goalie busy. Sound famililar? Should do as happens regularly, Whether the second goal occurs, it will stress you out so you might want to cut at 1.08 and take the hit.