General Betting
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01 Jan 10
16:21
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24 Apr 08
Does anyone succesfully lump on at odds lower than 1.5 and make a decent profit?
I make a profit when betting at level stakes on a range of odds but my bank is not that great and therefore not enough for me. I therefore try to lump on when I am extremely confident in a bet but at times this wipes out a lot of the profit sometimes more.
Anyone manage to make it pay when they increase the stakes on low odds? I think it might be impossible for me :(
I make a profit when betting at level stakes on a range of odds but my bank is not that great and therefore not enough for me. I therefore try to lump on when I am extremely confident in a bet but at times this wipes out a lot of the profit sometimes more.
Anyone manage to make it pay when they increase the stakes on low odds? I think it might be impossible for me :(
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I do 100 to 1000reguarly.
never bet above 1.5 1.1 - 1.3 usually. Lay correct scores alot. It can pay if you keep your discipline. |
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i lump on 2 to try and build my bank up quicker but like you scrooge one bet will wipe me out and then im back at square one its frustrating cause want to lay big money on here but need large bank first
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If your bets are value, then this strategy will pay. If you bet at say 1.25, but the true probability is more than 80%, then you will win in the long-term. If you're bets at 1.25 have a true probability of less than 80%, you will lose.
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Can lumping on at low odds pay long term?
As previous poster said if you are getting value prices then yes. Having said this you are more likely to be getting a value price at shorter prices due to the favourite-longshot bias http://en.wikipedia.org/wiki/Favourite-longshot_bias |
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Thanks all. I guess you are confirming what I already thought. Trouble is some of these 1.3 shots will be value and still LOSE. Something I am yet to grasp and so stake a disproportionate amount of my bank on it just because there is an edge!!
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Generally avoid odds on bets .........and back higher odds WITHOUT "LUMPING ON".
HNY |
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works well enough for harry finlay.
it can work but you still have to bet to a certain % of your bank, so it really depends what your "lump" means, if it means 10-20 % of your bank then yes possibly but if your lump means say 50+ % then its more than likely only a matter of time before you go bust. discipline is a big factor in these bets and patience |
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Hi scrooge. If you can make a profit at level stakes you're laughing. What I would do in that position is bet the same amounts for, say, a couple of weeks, then increase and bet the same increased amounts for another couple of weeks etc. Never letting your betting unit be greater than about 2% of your bank. Here's wishing you a prosperous New Year and hoping you live long enough to reach and surpass your goal.
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Thanks Lantern, funnily enough this is exactly what I have started to do and so far so good. Profit is slower but more consistent and at low risk. Happy new year!
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