Betting 2015/16 1% per day challenge
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About a quarter of the way through now? What's the longest you've lasted with this?
One year I got up to about £400 before it went tits up. This is the furthest I've been ahead of the target at this stage which makes it easier as I can (try) and be more selective with my bets. This season it appears as if there are some English games nearly everyday which helps a lot.
If I get to £500+ I'll start to believe I might have a chance of completing this challenge but as things stand I'm just waiting for a couple of weird results to fuck me up. I'm looking at Man City v Norwich and Derby v Rotherham as potential "banker bets" this weekend and if they prevail then Spurs to beat Villa on Monday.
In financial spreadbetting, you'd have a rule that you never risk more than 5% of your capital on a single trade. That gives you enough room to cope with down swings. The way you are betting, its mathematically inevitable that you will zero your account at some point. Perhaps you should use a similar rule. I mean in future, don't change what you're doing half-way through or it will go tits up.
Yeah the 5% rule makes perfect sense but having to bank a profit of 1% per day makes 5% per bet impossible. Even if I were to find a bet I liked EVERY day I would have to be taking bets at 1/5 (1.20) minimum. I need the facility to take on "certainties" such as laying the 0-0 draw in City v Norwich at 1/25 (1.04) to keep the bank total moving forward.
Betting at 1/5 minimum is doable for a while but I'd be surprised if many punters could get more than 10 in a row. Given that I only bet (on average) every 2nd day this in effect would mean I'd be looking for bets almost at 1/2 anyway.
I know this project is doomed to failure but if I have even a 1% chance of succeeding I'm gonna have to bet at least 50% of the bank every now and again and hope for the best.
1% per WEEK challenge is very doable and compounded the interest would turn £100 into £149 (assuming a 40 week footie season) which is much greater than any bank gives you but also it would be very boring. I'm doing something similar this season with my regualr betting anyway; I have been betting on Rangers to win the Scot at odds from 1/2 down to 1/4 and have been betting against Brighton winning the Championship at 1/6/-1/4 for the last couple of weeks with my theory that both bets are certs and my Rangers bet is netting me interest between 25%-50% and my Brighton bet is earning me 16%-25%. I have hedged to Rangers bet a bit this week in lieu of them playing Hibs on Sunday as they are the only real threat.
I have also Layed Donald Trump as next US president at 10%, layed Burton & Gillingham to win the 1 st division at 15% and have a bet on Derby to finish top 6 in the Championship at 70%.
I'm hoping to realise a profit of 50%-60% by the end of the season without taking too many risks.
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Very unlucky; the bet above just came in and I mmediately went to re-invest some of the profit on over 1.5 goals in Reading v Huddersfield game but Huddersfield scored seconds before I could get the bet on.
Anyway...£20 over 2.5 goals in the Reading v Huddersfield game to win £8
Anyway...£20 over 2.5 goals in the Reading v Huddersfield game to win £8
Considering I suffered the biggest losing bet of this challenge so far (£56 on Crewe v Sheff Utd) I am very relieved to be able to post any profit.
The profit for the week is £9 which puts the bank at £265 against a target of £199
The target for week 11 is £215
The profit for the week is £9 which puts the bank at £265 against a target of £199
The target for week 11 is £215
£245 Chesterfield with a +2 handicap to win at FC United to win £10
Edit: Slight error, just changed the winning total down to £10 (from £12) as I typed incorrectly. Good start; Chesterfield 1 up, so 3 up with the +2 handicap......barring a sending off etc they should see this home ok.
Actually as I typed they went 2 up so definitely think this bet should be safe now.
Edit: Slight error, just changed the winning total down to £10 (from £12) as I typed incorrectly. Good start; Chesterfield 1 up, so 3 up with the +2 handicap......barring a sending off etc they should see this home ok.
Actually as I typed they went 2 up so definitely think this bet should be safe now.
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No idea how I only managed to finish down £8 on the week. There was some unusually careless betting, which happens every now and again, but hopefully I've got that out of my system.
Bank at £257 against a target of £215.
The target for week 12 is £230 but unfortunately this looks like a tough week with very few "certainties" to bet on.
Bank at £257 against a target of £215.
The target for week 12 is £230 but unfortunately this looks like a tough week with very few "certainties" to bet on.
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