Tuesday, 28 November 2006

Profit again

Another decent days racing, but mainly thanks to better odds matched on betfair. To SP i would have made 0.4 or so points but i actaully made 2 points profit today. current betfair balance is €411.89. thats 10 clear points profit in 5 days.. i must admit i m very happy with the progress. i have also had some analysis done on my lay selections and i am pretty happy now that im reaching a level of consistency that will only benefit my betting portfolio. I can hope to make at least 10 points a month profit from my lays. If i could make 10 points each from my value backs and my HS backs then i will be a very happy man.. hopefuly the good run will continue so that i can reach 500 within the next 5 days..From then on I will be increasing my stake to 1/50th of the bank..

Once again i want to stress the importance of having a betting portfolio if you do not like long losing streaks. Of course you need winning methods or systems to keep afloat. I have a laying method and a backing method which produces my value backs and lays and i have a system i use for the HS backs. I have very little back testing done on the HS backs but im more than comfortable to back these at €1o a point. the big test will come if i can start getting the stake up to a higher amount, then the nerves will be tested.

I have been tryiing to post up screen prints of my betfair account but i havent been able to master it yet. i'll see if i can get it sorted at the weekend.

No comments: