gameplan63

I opened my account a week ago with a small trial bank of £30.  Just to test the water.  I have a finance and a maths background, and I love football, so I have decided to try to find a way to make a little money.  I realise that this is a zero sum game (less the 5% commission!) so I am under no illusions that to win consistently I am going to have to find my "edge".

My natural instinct is to lay bets of underdogs, especially when playing away.  One week ago I didn't understand the concept of hedging or taking money off the table so here is what I have done so far...

Bet 1 - Lay Scotland v Brazil
Bet 2 - Lay Ghana v England
Bet 3 - Lay Bournemouth at Peterborough

So all going well winning £2 less commission on each....

This is easy, right?

Then I went a step too far trying to claim another £2 from the free cash dispenser of laying bets.  I picked Gijon to not win against Real Madrid.  Jose Morinho hasn't lost at home for 150 games so...a sure thing.

So a £2 lay at 14.0 went horribly wrong with 10 minutes to go at the Bernabeu.  I quickly backed Gijon at 1.42 with all I had left, suffering a net loss of £22.61

At the end of Week 1 my £30 is a meagre £13.

This is going to be harder than I thought.  I keep thinking that one freak result shouldn't put me off.  So I should persevere right?

LESSON #1 - Don't lay at odds greater than 6

Please follow if you want to track my progress or offer advice!!