General Betting
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One of the main rules to gambling success is to compound your winnings in order to win bigger amounts in the future (as long as you have an edge)... however eventually you will hit a point where you become market maker / your edge can be pushed no further. I wondered how the successful bettors manage this? Ideally you want to maximise your winnings but at the same time reduce the possibility of pushing the market too much in the "wrong" direction. I don't believe it is simply a case or pulling out once the price is no longer value because in liquid markets you may get your desired stake matched whereas in less liquid ones you may not...The more liquid markets on the whole will be more efficiently priced than those with less liquidity (and thus edge smaller). Maybe this is simple an art or maybe there are statistical tests that can be used?
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Put up what each market you bet in can handle.
If you're betting in early markets then put a number of small bets in until you reach your limit.
If you're betting in early markets then put a number of small bets in until you reach your limit.
If you are betting in a liquid market with large stakes and you don't know what you are doing then yes, you will absolutely definitely get matched. People will go out of their way [literally] to match you.
If you're betting in markets where there is a betfair SP, then compare your actual returns against what they would have been if your wagers had been placed at betfair SP. If the returns are similar (or perhaps even improve at SP - it's possible), then you have plenty of theoretical scope to increase your stakes.
Other than that I can't think of anything more scientific than gradually upping your stakes step-by-step, allowing plenty of time at each stage to assess the effects, until you reach a step where profits do actually fall.
Other than that I can't think of anything more scientific than gradually upping your stakes step-by-step, allowing plenty of time at each stage to assess the effects, until you reach a step where profits do actually fall.
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