Some Advice For the Fixed Odds???

[rookiegambler]

Hi Folks

Hope you are all doing well and making some cash from the bookies!

First post and already looking for a wee bit of help!

I am a mere mortal, not an uber gambler and just trying to make a few quid with as much chance as I can of not losing any money or as little as possible.

I dont sign up to get rich quick nor the miracle answer as they rarely exist but, I've figured good common sense should go a long way.

So, my vice is fixed odds. I've been wagering small bets for a while but with little success so hit on the idea of some form of spread type betting though merely using the best odds from the biggest bookies like hills etc, then betting on the win/lose and draw for any given game of football.

I got close to finding a formulae that worked for the odds I have which Ive shown below

HOME - 11/5
DRAW - 8/5
AWAY - 2/1

...this is the best odds I could find and with these odds, wagering the following percentages returned a win for the home and draw (which were also the most favoured obviously in this case):


HOME - 34.03% of wager pot i.e. £110
DRAW - 38.99% of wager pot i.e. £126
AWAY - 27.85% of wager pot i.e. £90 (Though this would not cover all the other bets and gives me a net loss of £56 or 17% of total wagered)

Thus, if anyone has any advice or systems where I can cut the loss rate below 17% (other than finding better odds which is obvious but a good point), I'd love to hear your inputs here.

I am thinking the bookies are rarely wrong which should help here anyway - the most favoured outocme (HOME win in this case) pays out £26 and is most likely.
The draw pays out the £1.60 and the away is hte loss of £56 which is not good but least likely...however, betting like this should at least mean I cover more bases than just firing the lot on say the home or the draw.

ANyways, over to you guys and cheers for any info!

[ralphswurld02]

If you do not understand why this is so you do not understand the types of bets you are betting on, and should not be touching this type of betting with a bargepole.