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mikeysymons
13 May 13 10:56
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Date Joined: 10 Apr 11
| Topic/replies: 1,629 | Blogger: mikeysymons's blog
Hi guys,

Basically I need a new betting strategy because the way I have been betting over the past few years just hasn't been working..let me explain.

I get paid around £1200 a month. My outgoings come to about £600. That means I have about £600 to play with.

What I will typically do with that £600 is.......

Put £500 on a BTTS to win £250.... that comes in....

Ill then put another £500 on over 2.5 that might come in......its 3-0 at HT so I will put £750 on over 3.5 to win a stupid £150. it finishes 3-.0 FT!!

I just bet to big to win little. I have no plan.

Ideally I would like to make around £150 a week. that's £600 a month, all my outgoings covered.


I use bet365. Maybe if I join betfair again that might help abit as I can cash out?


I plan on saving over the next few months for when the football season starts again.


So any advice / feedback / blogs / sites that might help me really would be appreciated.

Thanks

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Replies: 32
By:
bobovieri
When: 13 May 13 11:02
Mikey, hard to believe that somebody will share good strategy. But good luck m8...
By:
maghiar
When: 13 May 13 11:05
you have to play from now on, only little stakes. you are really not experienced enough to win every week. but if you exercise by betting only  small stakes, in few months you can understand by experience how someone has to manage his balance for winning regullary and constantly month by month
By:
maghiar
When: 13 May 13 11:05
you have to play from now on, only little stakes. you are really not experienced enough to win every week. but if you exercise by betting only  small stakes, in few months you can understand by experience how someone has to manage his balance for winning regullary and constantly month by month
By:
maghiar
When: 13 May 13 11:08
you can write me on facebook. i am there fly elf from wisconsin and i live in venice. that is my page on facebook. you can write me there
By:
maghiar
When: 13 May 13 11:08
you can write me on facebook. i am there fly elf from wisconsin and i live in venice. that is my page on facebook. you can write me there
By:
maghiar
When: 13 May 13 11:08
you can write me on facebook. i am there fly elf from wisconsin and i live in venice. that is my page on facebook. you can write me there
By:
mikeysymons
When: 13 May 13 11:33
im okay
By:
Johnny_Mustang
When: 13 May 13 11:39
"What I will typically do with that £600 is.......

Put £500 on a BTTS to win £250.... that comes in...."

There's your problem Mikey. You risk your whole bank on one game?
By:
mikeysymons
When: 13 May 13 11:41
yes! I need to stop.

The other week I was up 1K! LML

then lost it all! FML
By:
freddiewilliams
When: 13 May 13 11:58
CryCry
By:
darthginge
When: 13 May 13 12:17
This is purely a BR Management problem.  If you're a winning player (no amount of BRM will help if you perennially pick losers) then IMO you should never have more than 5% of your BR at risk on any single market (I purposefully haven't said game here).  That means if you have £600 as your BR you should not have a single exposure greater than £30 per market.  This will allow you to ride out the inevitable downswings.

Break your time into "blocks", I use 1 week at a time going Monday to Monday.  Whatever my balance is on Monday morning is when I set my 5%.  If by Friday I have doubled my bank I wouldn't double my stakes for the weekend.  Wait until Monday.  If my bank has increased then my % increases.  If it has decrease so does my % for that week.

Don't always bet your maximum %.  Riskier bets call for 3% or 2% or even 0.5% depending on the risk and the odds

Make a decision before you place the bet as to whether its a trade or a let it run bet.  Don't use cashout on let it run bets, you won't mind losing if you use a proper BRM plan and how many times have you redded out only for the game to swing and you certain loser becomes a winner?  If it is a trade, set a target for how many clicks you want and then make the trade, don't let it run for "1 more tick"

I could go on and on and on about this, but I won't Laugh

A final word on "fixed" games.  I have been known to have up to 20% of my bank on fixed games.  For me the risk is less so I can go with a bigger %.  You have to be confident it is a fix and always do your own research.

Hope this helps
By:
darthginge
When: 13 May 13 12:20
just re-read my post and I said clicks instead of ticks.  I'm sure you knew what I meant though!
By:
mikeysymons
When: 13 May 13 12:30
Thanks.

So instead of betting £500 on a BTTS for example to win £250

bet £25 to win £12.50?
By:
darthginge
When: 13 May 13 13:23
yes, that is the gist of it.  if you can reload every month i suppose it doesn't really matter but if you're sick of throwing away money you can't afford to lose...lower your stakes
By:
mikeysymons
When: 13 May 13 15:17
yeah I see where you are coming from
By:
hippie
When: 13 May 13 18:42
Google "value betting" and rein in your impulse betting.

Switching your main activity from bet365 to Betfair will give you an advantage (forget the cash out button, you can work it out for yourself) but if you continue to do what you're doing you'd be better off stopping altogether.

http://www.mathematician-betting.co.uk/Top-Ten-Betting-Mistakes.asp
By:
scaredmoney
When: 13 May 13 18:52
gamcare
By:
3setpoints
When: 14 May 13 02:18
What I will typically do with that £600 is.......

Put £500 on a BTTS to win £250


Shocked

what if this loses and you want to go out with your friends or whatever!???
By:
GTFI
When: 14 May 13 02:25
reel em in !!!!!
trying to win £600 so I need £150 a week,  he is STARTING with £600 you muppets!!

So his outgoings are already covered, duhhhhhhhhhh   hook, line and sinker, tut tut tut
By:
mikeysymons
When: 14 May 13 12:17
Thanks for the replys so far.

I really just need to lower my stakes! I should only bet what I can afford to lose.

But you bet big, you win big lol

:)
By:
GTFI
When: 14 May 13 12:20
Tom Tomsk - 2 goals - full bank - there you go - all the fishes that you need for this month - Sorted ;)
By:
mikeysymons
When: 14 May 13 12:24
No thanks lol :)
By:
GTFI
When: 14 May 13 12:31
What? you want the rod too?  okkkk, roll it onto Arsenal 2 goals :)
By:
deusse
When: 14 May 13 13:52
Look at your messages inbox
By:
GTFI
When: 14 May 13 14:01
He isnt online lol
By:
mikeysymons
When: 14 May 13 14:52
I replied deusse

not interested lol
By:
mikeysymons
When: 14 May 13 14:55
The thing is, I am used to betting £300+ on a single bet.

That would be to win £150 = night out and new top etc.




Now I would be betting say £20 to win £10


But I know I need to stop betting big


Are there any betting sites / blogs I can get some tips off so I can learn off other people etc?
By:
kincsem
When: 14 May 13 15:02
Put your £600 a month in a savings account.  Wait about five years until the stock market busts again* (it always does).  Then invest the lot £600 x 12 x 5 = £36,000.  In ten years you will have about twice that = £72,000.

* when the market drops about 45% from its previous peak.
By:
Veridis Quo
When: 14 May 13 15:03
Sounds to me like you could live the life you want live and have what you want to have if... (drum roll please).... you just stopped betting altogether.
By:
GTFI
When: 14 May 13 16:07
FACT - the second you place a bet for goals - it is losing money every second until a goal is scored _IF a goal is scored - SO UNDERS FOR TICKS is the way forward - I have been online with guys LIVE and gave them the games to bet on for small ticks - from £50 to £500 in 1.5 days from TICKS - granted it was almost 24 hr betting lol. but proof it works if you know the games and bets to be on.

Gl with your quest although it is so plainly obvious its a "fish" fred !!!!
By:
mikeysymons
When: 15 May 13 10:18
Thanks mate
By:
mikeysymons
When: 16 May 13 12:52
If I manage to save up a bank of £1000, what sort of strategy should I use?
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