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going to do a £10 to £2321 challange on my blog http://2betsaday.blogspot.com/ follow along or comment,I will put updates here as well but mainly will be on my blog - here is the gist of it, whats your thoughts...?
Ok , so a couple of days ago I said that I was going to try a new system and here it is. Using compound interest I aim to turn £10 into £2321 in 60 bets over 30 days. It is quite a simple system where I put my entire bank on a 1.1 (1/10) bet and repeat the process. I have made a balance table shown below to show the progress over the days. Without the betfair commission this figure would be £3044 but as there are more markets/liquidity and generally better odds at betfair I will stick to the site. The table is from an excel file I created where the initial stake/odds and bets numbers can be changed and new results are shown using calculations and excel sums. If you would like the excel file for your own personal use send me a comment on the blog and I will send it to you. I will still post 2 bets a day but they will either be smaller odds such as 1.1 or trades where i will advise to back at a higher price and lay at a lower price maybe with a different stake so the bet is hedged and the same amount of money is returned whatever the result, this is particularly good in in play horse racing. At first there is not much risk as I am only risking my initial stake of £10 and it is not until bet 26 that I have exceeded £100, anyway lets see how it goes
I will have a look at todays markets and post my first 2 bets shortly
initial stake odds Bets Result without commission
10 1.1 60 3044.82
Results table with 5% commission
10 1.1 60 2321.48
for full day by day profit table visit the blog :D
Ok , so a couple of days ago I said that I was going to try a new system and here it is. Using compound interest I aim to turn £10 into £2321 in 60 bets over 30 days. It is quite a simple system where I put my entire bank on a 1.1 (1/10) bet and repeat the process. I have made a balance table shown below to show the progress over the days. Without the betfair commission this figure would be £3044 but as there are more markets/liquidity and generally better odds at betfair I will stick to the site. The table is from an excel file I created where the initial stake/odds and bets numbers can be changed and new results are shown using calculations and excel sums. If you would like the excel file for your own personal use send me a comment on the blog and I will send it to you. I will still post 2 bets a day but they will either be smaller odds such as 1.1 or trades where i will advise to back at a higher price and lay at a lower price maybe with a different stake so the bet is hedged and the same amount of money is returned whatever the result, this is particularly good in in play horse racing. At first there is not much risk as I am only risking my initial stake of £10 and it is not until bet 26 that I have exceeded £100, anyway lets see how it goes
I will have a look at todays markets and post my first 2 bets shortly
initial stake odds Bets Result without commission
10 1.1 60 3044.82
Results table with 5% commission
10 1.1 60 2321.48
for full day by day profit table visit the blog :D
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Good luck, but I hope you can keep your nerve when the money gets bigger, unless your a degenerate and don't care. ;)
ok, here are the first 2 bets for this challange
Bet 1 - Leop - 2pm - BACK Solwhit £10 odds 2.18 with an in race LAY at 1.96 for £11.10
Bet 2 - Newb - 2.30pm - LAY Big Bucks £11 liability odds 1.5 with in race BACK at 1.59 for £20.80
Bet 1 - Leop - 2pm - BACK Solwhit £10 odds 2.18 with an in race LAY at 1.96 for £11.10
Bet 2 - Newb - 2.30pm - LAY Big Bucks £11 liability odds 1.5 with in race BACK at 1.59 for £20.80
you wont pay over £700 commission on profits of £3k.
nevermind your taking commission off per bet so less to roll over.. stupid forum wouldnt let me post.
best of luck mate, i know NOTHING about horses but ill follow this with interest :) love these sorts of threads, tried them before myself on football... never worked LOL
thanks mate, just a bit of fun and at least you know, I don't know a huge amount about horses compared to a lot on the horse forum but I think the inplay odds will go just enough ticks over than what i need to make a good trade, I think in play footy would be good as well but i will try and put my bets up in the morning
you are only risking a tenner and then rest is a bonus, thought this would be a good place to post updates rather than the horsey/footy forum, there is another post i have seen on here that i will follow with interest - supernappy £20 - over 100k, I saw a really good blog a couple of years ago where the guy went from 1k to 100k in a year but didn't post his bets as he was trading on each horse race and hedging before the race started, :D
you are only risking a tenner and then rest is a bonus, thought this would be a good place to post updates rather than the horsey/footy forum, there is another post i have seen on here that i will follow with interest - supernappy £20 - over 100k, I saw a really good blog a couple of years ago where the guy went from 1k to 100k in a year but didn't post his bets as he was trading on each horse race and hedging before the race started, :D
il try a tenner for fun with you just to see how long i can last
each time (if) i can double my stake i will bank 25% and continue with the remaining 75% until that is doubled and so on.
cant see bolton v hul producing too many goals so the 1st bet is at 1.33 - under 3.5 goals
cant see bolton v hul producing too many goals so the 1st bet is at 1.33 - under 3.5 goals
a good start with Solwhit and Big bucks winning and and respective lay/back bets getting matched making 20% profit today
Do many punters on here do these 1.10+ bets?? I would think pre event trading would be the best way to make it work at those prices.
A fan of these threads.
The very best of luck mate
:D
The very best of luck mate
:D
thanks for the support, bit friendlier around here than the footy forum where everyone with a different opinion gets called a Mug :)
if you stop by the blog don't be shy about giving the ads a couple of clicks please, i have been posting some good tips of late and the ad revenue while not much can help towards these kind of challenges,
onwards and upwards :)
if you stop by the blog don't be shy about giving the ads a couple of clicks please, i have been posting some good tips of late and the ad revenue while not much can help towards these kind of challenges,
onwards and upwards :)
Day 1 results
bet 1 - Solwhit 2pm Leop 29/12/09 - £10 BACK 2.18 - £11.10 LAY 1.96 - NEW BANK- £11.08
bet 2 - Big Bucks 2.40pm Newb 29/12/09 - £22 LAY 1.50 (£11 liability) BACK £20.80 1.59 NEW BANK £12.29
bet 1 - Solwhit 2pm Leop 29/12/09 - £10 BACK 2.18 - £11.10 LAY 1.96 - NEW BANK- £11.08
bet 2 - Big Bucks 2.40pm Newb 29/12/09 - £22 LAY 1.50 (£11 liability) BACK £20.80 1.59 NEW BANK £12.29
Hope you don't mind if i can stick my bets in here, will mostly be shorties(all sorts of sports) and see how far i can get..ALL IN
Starting Bank: £9:13
Bet 1:
Fixtures 29 December / Bolton v Hull / Match Odds
The Draw Back 9768132567 29-Dec-09
21:43 1.41 9.13 1.45 29-Dec-09 21:43
New Bank: £13.03
Starting Bank: £9:13
Bet 1:
Fixtures 29 December / Bolton v Hull / Match Odds
The Draw Back 9768132567 29-Dec-09
21:43 1.41 9.13 1.45 29-Dec-09 21:43
New Bank: £13.03
Bet 2:
Market Selection Type Bet ID Bet
placed Persistence Odds
req. Stake
(£) Cancel ?
GB / Taun 30th Dec / 13:10 To Be Placed Tito Bustillo Back 9769163153 30-Dec-09
09:57 K 1.17 13.03
(Currently 1.15 but left it ir for 1.17..should get matched pre-race)
Market Selection Type Bet ID Bet
placed Persistence Odds
req. Stake
(£) Cancel ?
GB / Taun 30th Dec / 13:10 To Be Placed Tito Bustillo Back 9769163153 30-Dec-09
09:57 K 1.17 13.03
(Currently 1.15 but left it ir for 1.17..should get matched pre-race)
bet 3 - 12.50 Ling 30/12/09 - LAY Tenacestream £13.40 1.96 in Running BACK £12 2.2
bet 4 14.30 Ling 30/12/09 -BACK Rockys Pride £13 2.26 LAY in Running 2.02 £14.50
bet 4 14.30 Ling 30/12/09 -BACK Rockys Pride £13 2.26 LAY in Running 2.02 £14.50
Huge fall in odds before the off for Tenacestream from evens to 1.38 before the off, I got out at 1.7 and will take a small loss and look at another bet as some one knows something with that fall in odds
did not win in the end so my bet would have been ok but did not want to risk it with such a drop in odds, ended up losing £2.63 on that race, will post another bet to make up the loss
did not win in the end so my bet would have been ok but did not want to risk it with such a drop in odds, ended up losing £2.63 on that race, will post another bet to make up the loss
laying obe gold for £3 at 4.2 in the 13.20 to get back that losing hedge in the 12.50
Bet 2: Won(only needed it to be placed)
Bank now: £15.14
ul owen, on the lay!
Bank now: £15.14
ul owen, on the lay!
yeah, never mind, should not have been chasing really, lesson learnt and will start again hehe
lumped on shillong at 82mins into the game at 1.3 so got that back
Yesterdays bets would have both won had I not wanted to hedge a small loss on the 1st race because of the massive drop in odds before the off, add to this my rash decision of making up that loss in the next race by laying the winner I think I need to tweak this system and be more disciplined.
So, starting the 2nd Jan I will bet of 25% of bank - which will start at £20- on odds no higher than 1.1 . This is similar to the system I started but tweaked here so that I am not risking everything on each bet. The compound interest will be slower to build up but it provides a fall back should 1 bet fails.
what do you guys think of the tweaked system..? Not as fun as the other but less risk
So, starting the 2nd Jan I will bet of 25% of bank - which will start at £20- on odds no higher than 1.1 . This is similar to the system I started but tweaked here so that I am not risking everything on each bet. The compound interest will be slower to build up but it provides a fall back should 1 bet fails.
what do you guys think of the tweaked system..? Not as fun as the other but less risk
Owen, I don't think horses are the way to go here.
I used to do something similar with horses before and the odds are just unreadable, even with so called trading software.
I've since done it on football and been much more successful but bets have to be in running really such as betting on goals.
I used to do something similar with horses before and the odds are just unreadable, even with so called trading software.
I've since done it on football and been much more successful but bets have to be in running really such as betting on goals.
yes I agree, will put the 25% of bank on 1 goal or more markets which are usually are around 1.07 - 1.1
Doing a value challenge (odds over evens) and higher % lower odds challenge, see the blog for more details
http://2betsaday.blogspot.com/
just for fun, lets see how this goes, gl
Bet 1 - Value Bet - starting bank 100 points
Fulham/Everton/Chelsea/Man U to win - 4 fold odds 2.2 - 2% of bank
(Chelsea and Man U play on Sunday)
Bet 2 - Larger % smaller odds - £20 start bank - 25% of bank on each bet
Reading v Liverpool - 1 goal or more - odds 1.06 - stake £5
http://2betsaday.blogspot.com/
just for fun, lets see how this goes, gl
Bet 1 - Value Bet - starting bank 100 points
Fulham/Everton/Chelsea/Man U to win - 4 fold odds 2.2 - 2% of bank
(Chelsea and Man U play on Sunday)
Bet 2 - Larger % smaller odds - £20 start bank - 25% of bank on each bet
Reading v Liverpool - 1 goal or more - odds 1.06 - stake £5
Bet 2 - Larger % smaller odds - £20 start bank - 25% of bank on each bet
1 goal or more liverpool v reading game won
New bank - £20.29
1 goal or more liverpool v reading game won
New bank - £20.29
will just put the smaller odds bets on here with 25% of bank - the over evens challenge is on the blog,
Bet 2 - West Ham v Arsenal - 1 goal or more £5 at 1.06
Bet 2 - West Ham v Arsenal - 1 goal or more £5 at 1.06
bet 3 - £5 1 goal or more Aston Villa v Blackburn - odds 1.09
villa game called off, new bet 3
Bet 3-chievo v inter - 1 goal or more 1.1 £5
Bet 3-chievo v inter - 1 goal or more 1.1 £5
whats the donate button for on your blog,is it some charity your involved in m8
was just seeing what apps and widgets you can get for the blog, i'd rather people click the advert links though and give any money to charity rather than me
bet 5 - Ling 12.30 LAY Steel City Boy odds 13.5 - £5 liability to win 40p
bet 5 won - new bank £21.86
bet 6- Lay Birmingham odds 6.8 - £4.64 liability to win 76p
bet 6- Lay Birmingham odds 6.8 - £4.64 liability to win 76p
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