Nov 7th – Nov 13th -$9,156.36

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3 Responses

  1. Dave McAuley says:

    You need to find a consistent staking plan and just stick to it rather than increasing stakes here and there mate. I also think you are trying to cover too many bases in terms of sports you are looking at. If you are spending a lot more time running around trying to get bets on then you have to add cost of your own time into the overall P&L. Bankroll management is vital for a project like this and you need to run some kind of Chi-Squared analysis on some of these ‘models’ to give strength of confidence/significance behind them in future as to whether to keep or ditch and how best to allocate stakes. Anyway, hope it picks up and let me know if you want to have a look at our 100% automated bot, it’s a time-saver and very profitable.

  2. admin says:

    Hi Dave,
    I increased stakes when I hit a long term goal of $100,000 profit. I moved my bank from $50,000 to $75,000.

    This was the plan from the beginning, it just seems that I have hit a rough patch now, so am adding an extra 50% to the current losses.

    I do think I am heavily weighted on soccer at the moment, and last week 3 seperate models had bets on each different outcome on a game, so i had varying stakes on home win, draw and away win. Soccer bets do not take too long. XX draws take 15minutes once a week, Skeeve take 15, FB Elite maybe 10. Only Combo FI and TFA take a bit of time, as there are usually 10-30 bets each week and I usually need to bet at more then one bookie. I would say all up, each saturday it would take an hour and a half to two hours. So not too much hassle.

    Sadly I am not mathematically inclined and that is why I use these services. I have no idea what a chi-sqaured analysis is, but it sounds tasty. If you can spread some light on this and how I go about performing one then I will look into it.

    Thanks for the kind words and the offer, but I won’t be following any horse racing tipsters for quite a while, a post I’ve been meaning to write for a while.

  3. Dave McAuley says:

    Yeah crossover bets are nasty…I’d still say 2 hours on Saturday is a lot of time just to place bets but depends what price you put on your time at the end of the day.

    I’m not mathematically inclined either mate but it’s not too difficult to calculate if you have the number of winners, losers and the odds to calculate the Actual v Expected winners/losers. I recently completed an Open University Statistics course and had help from some maths gurus and it’s opened my eyes a lot.

    There is even a CHITEST function in Excel. This post probably explains it better than I ever could but if you are using ‘models’ any service should be able to provide the Chi% figure for their systems otherwise I’d be wary. If you read that, have the data and use ChiTest in Excel it should be a real eye opener for you.

    http://www.hoof.demon.co.uk/archie.html

    Anyway, hope things pick up and get you back on track, it’s certainly an entertaining read.

    Dave

    P.S. Can you reveal the details of the New Horse service you were following now you are not ?

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