% of correct bets

there is a massive difference between 1/2 and 2/1 mate

backing at 1/2 (1.50) means you need to win 67% of the time to be profitable.. the higher above 67% the more profit


with 2/1 (3.00)  you only need to be right 34% of the time to be profitable.



I NEVER nack odds on.. i always back odds against which means I am always at least doubling my money.

this means i only need a 50% strikerate to be profitable which means if im right than im wrong then ill make money


I get more right than wrong so I will ALWAYS make money sports betting [;)]


plus the amount of 2/1+ winners i have covers the bad runs

Last season I had a 64% strikerate but avge odds over the course of the season were 2.91 so well in profit

thanks for reply

so if i average odds over 1/1 50% strike rate will be profitable?

sorry as long as its over 50%

yes mate, stick to evens or better and you only need a 50% strikerate (lower strikerate with higher odds)


just say you have 100 x £5 bets at evens then 51 winners will see you profitable

ok cheers.ive started a thread with my bets a few prices below evens but i mite start going for slightly bigger prices.

as long as there is value in the bet is the main thing.

gl

yeah

do u stick to footie or do u do other sports

my most knowledge would b football but i enjoy tennis cricket and darts, and to odd nfl bet

majority football but some darts when the tv games are on.


if you are using all different kinds of odds then maybe a staking plan would be better for you mate


maybe £5.00 for odds on, £3.00 for 2.00-2.99 and £2.00 for 3.00+


as long as your strike rate is higher than the odds taken ull be fine


lets say you have..


100 x £5.00 bets @ 1.50
100 x £5.00 bets @ 2.00
100 x £5.00 bets @ 2.50

as long as you get 67 or more right on the 1.50 you will be profitable

as long as you get 51 or more right on the 2.00 you will be profitable

as long as you get 41 or more right on the 2.50 you will be profitable


a good run on the 2.50 can cover a poor run on the 1.50

lets say you only have 60 winning bets at 1.50 then you will be £50 loss (staked £500 returned £450)

but you may have 50 winning bets at 2.50 which would be +£125 (staked £500 returned £625)

so now you would actually be £75 in profit (£125 - £50)

2 years ago when i gave up my job and just started betting for a living i set myself a target of a 60% strikerate and i knew if i hit 60% then I would make enough money


£100 level stakes on odds against shots with a 60% strikerate is £2000+ profit on every £10,000 staked (at least 20% ROI)

thanks for advice much appreciated.

im just sticking with smaller stakes at the minute, if my bank increases i will maybe up them

I saw you have £100 and using £5 stakes (20 bets)


20 bets is abit light but can you get away with it if you stick to solid valuable bets until your bank grows


if you are happy keeping your bank at 20 bets then an idea would be to....


Keep backing at £5 stakes until you double your bank then up your stakes to the next level (£6.00)

now at £6.00 stakes and 20 bets you need £120  so you take this £120 out of the £200 you have and BANK the remaining £80


go again starting with £120 with the aim of doubling to £240 using £6 bets before moving to next level (£7 stakes)

now £7.00 and 20 bets is £140 so take this from your £240 and BANK the remaining £100.


Now you have started with a bank of £100 and betting £5 stakes and moved up to a £240 bank betting £7 stakes and  you have BANKED £180 profit


no hurry here.. its a marathon not a sprint.  just take it step by step and soon it will grow

sounds like a plan

thanks again

No worries mate.. best advice (apart from discapline obviously) is to bank profit.

too many people just keep it all in their accounts get carried away and stick the whole lot on a "BANKER" and blow it all


the temptation to be stupid is always there if you keep it all in your account.


like i said double up.. take out what you need for the next level and bank your profit. 


best of luck and will be keeping on eye on how you go

ok mate

do you post your bets?