Tuesday 1 February 2011

Amazing

5 wins from 5 bets, I am a happy man and hope you all made something too.

I have been looking at value and Betfair, but have found out over the last few sets that the lower league games are not being covered on Betfair so will not be able to do much more on those.

What I would suggest is that where possible you take the prices I suggest. I look on oddschecker.com as I am preparing my picks. If you cannot get that price then you are losing value.


A simple calculation shows the importance of getting that value. Take a standard match where we can get 1.67 from Blue Square (they seem to be offering best price on most games) or 1.62 with Bet365. We stick on our £5 stake, what are we getting back?

Blue Sq 1.67 * £5 = £8.35 back, so a profit of £3.35
Bet365 1.62 * £5 = £8.10 back, so a profit of £3.10

So in 1 bet we have lost £0.25 (7%) of value. Since the start of the betting bank we have won 42 bets, so potentially losing £0.25 * 42 = £10.50 lost in value. Individual bets are not going to make or break the system, but why give away the value?

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