I will be running a betting log over the course of the season that will focus on bets that meet very specific criteria.
All bets will be on football and will be placed on a team to win, over 2.5 goals, a combination of the two, both teams to score and occasionally Asian handicaps.
This log will be using virtual money with a starting bank of £100 and using odds from a number of bookmakers to get the maximum value.
The majority of the bets will have odds in the region of between 4/9 and 4/5.
Each of the bets will have an expectation of a level stakes profit percentage in excess of 20% and a strike rate in excess of 80%.
To illustrate the task and the bankroll challenges this betting log entails I will give an example of two betting strategies:
(1) The level stakes approach
100 bets are placed, each at odds of 1/2 with a 74% strike rate. That will result in an 11% ROI assuming you wager the same amount on each bet. Most professional sports bettors would have a long term level stakes profit in the region of 2% to 7%.
(2) The variable bank betting approach
This is where a percentage of the current bankroll is staked on each bet. It is the most volatile bankroll strategy however it can provide greater profit than the level stakes betting approach. Using the above example of 100 bets, each at odds of 1/2 and a winning percentage of 74% the variable bank betting strategy is best illustrated below:
Wager 50% on each bet would result in losing 77% of the bankroll.
Wager 5% on each bet would result in the bankroll increasing by 63%.
I will be using a variable bank betting strategy with a 50% stake so I will be posing very selective wagers.
I will provide a general preview for each bet and expect to post between 2 and 4 bets per month that meet the required criteria set out above.
All bets will be on football and will be placed on a team to win, over 2.5 goals, a combination of the two, both teams to score and occasionally Asian handicaps.
This log will be using virtual money with a starting bank of £100 and using odds from a number of bookmakers to get the maximum value.
The majority of the bets will have odds in the region of between 4/9 and 4/5.
Each of the bets will have an expectation of a level stakes profit percentage in excess of 20% and a strike rate in excess of 80%.
To illustrate the task and the bankroll challenges this betting log entails I will give an example of two betting strategies:
(1) The level stakes approach
100 bets are placed, each at odds of 1/2 with a 74% strike rate. That will result in an 11% ROI assuming you wager the same amount on each bet. Most professional sports bettors would have a long term level stakes profit in the region of 2% to 7%.
(2) The variable bank betting approach
This is where a percentage of the current bankroll is staked on each bet. It is the most volatile bankroll strategy however it can provide greater profit than the level stakes betting approach. Using the above example of 100 bets, each at odds of 1/2 and a winning percentage of 74% the variable bank betting strategy is best illustrated below:
Wager 50% on each bet would result in losing 77% of the bankroll.
Wager 5% on each bet would result in the bankroll increasing by 63%.
I will be using a variable bank betting strategy with a 50% stake so I will be posing very selective wagers.
I will provide a general preview for each bet and expect to post between 2 and 4 bets per month that meet the required criteria set out above.