[Ended] £10 to something..., backing total goals Hello one and all,
Since I am fairly new here, I might end up breaking some rules. Even though I have read the Rules, please do point if I do something wrong.
There has been a lot of betting recently based on drip betting systems, and something that caught my eye today was backing 1 or more goals market in football.
Even though odds for these can be quite small (1.05 to 1.08), over a long-ish time period, the compiled staking plan should yield a good result. For example, £10 bet over 100 bets @ 1.05 gives roughly 1.5K, and @ 1.08, it gives roughly £15K (minus commission).
So I will attempt to join together a streak of 100 bets and get as high up from £10 as I can. I must admit that even though I promise to see this to the end, a certain amount (four figures) could tempt me to bank some of it. I hope I am forgiven for that, as money is short atm, and some extra in the bank would be nice.
Running this in Excel, using 100 bets, starting stake of £10 and odds of 1.07 yields:
After 10 bets: £19
After 50 bets: £250
After 75 bets: £1250
After 100 bets: £6252
(5% comms assumed) So anyways, rules are as follows:
1. Back 1 goal or more (or lay 0-0, as apt), starting from £10.
2. Any football league can be considered. Teams will generally be thoroughly researched, and I will only go for ones I believe to yield a result, hopefully avoiding games which have in recent history produced 0-0 results.
3. All bets will be before the start of the game, and I will list them here.
4. There are freak results possible, but hopefully my judgment would help me avoid them.
Edit:
After some wise words from madnesstiger, I have decided to formulate a new banking strategy, which would help me pursue this sort of system again, in case this one fails prematurely. After reading his thread, I have come to the conclusion that I will bank certain amounts at certain check points.
At every 25th bet, I will bank:.
So, at bet 25, Bank £10.
Bet 50, Bank £30.
Bet 75, Bank £50.
Bet 100, Bank everything.
This is not aggressive banking, but should help me pay for any future trials. Since there is no specific target to reach, I will only continue (if possible) this endeavor to bet 100.
:Edit
Please feel to comment/suggest/sympathise/empathise/laud/lambaste/advice as you feel. Any constructive criticism will be deeply appreciated.
Last edited by princecapri; 09-07-2008 at 09:31.
Reason: New Staking/banking plan introduced
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