bankroll building/management
recieved a private message and was asked if i would give my insight into bankroll management and achieavable targets so here it is..................
first thing i will say is building up a large bankroll from football betting isnt going to happen overnight (unless u get lucky on ur 10 team acca) its a grind, but an enjoyable one as ur bankroll builds
after having many up and down swings just normal match betting, i began to think about a way i could really make a living from football betting and what i would need to do to make it work!
i came up with the fact that u only have to triple ur money 3 times in a row to hit 26/1 acca, with the little over 2/1 u normally get on ur picks, after 3 triple ups ur going to be around 30/1
so if u start with £50 and triple ur money 3 times in a row ur going to have a minimum of £1350, the bet i use now (as u all know is the goal line) my minimum double odds is 3.25 because i never take less than 1.80 (4/5) so £50 becomes £1716 for me, i thought to myself how much i want to make each week and how much i would need to make it happen
i decided that i would be more than happy if i was making £500 a week, TAX FREE! i knew i could consistantly make £500 a week if i was placing £200 doubles at minimum odds of 3.25, the thing about taking odds of 2/1 minimum is even only if u win 1 out of every 3 attempts ur still going to be break even at worst and with my odds of 3.25, 1 out of 3 wins still makes u profit.
so with that plan in mind i now had to get the bankroll to be able to place £200 doubles, and i turned to my idea that with £50 3 doubles later would give me at least £1700, and that was enough i thought to give me the head start i needed,
my first £50 double won and i put all of it on another double which lost, so i was left £50 down, i got straight back on the band wagon and put another £50 double on which won and i put all my winnings on another double which also won! after my 2nd double came in i was sitting with little over £600, i decided to take out the £100 i had already used from my own pocket (to cover myself if it lost) and i placed the remaining £508 on what i hoped was the double that was going to get me my bankroll i needed, the bet did come in after goals in the 87th and 91st minute (lucky or what) gave the scoreline 2-1 (it was the gretna v celtic game)
by the end of the day i was sitting with a few £s under £2000 and was feeling on top of the world with the bankroll i needed to start betting £200 doubles
i am currently betting £250 doubles and am looking to move up and up and eventually (god willing) will be betting £1000 doubles, if i ever get up to placing £1000 doubles, then even if i only ever win 1 out of every 3 doubles ill still be making a minimum of £250, which isnt bad for 2 losing bets out of 3!!
thats the thing i like about minimum 2/1 u can lose 2 out of every 3 bets and still make money
if u want to make this work u have to be patient and very discaplined!!, i spent the first 6-7 weeks pissing my money away because i wanted the bankroll there and then and was doing trebles (sometimes 4 way accas), until i gave myself the kick up the backside i needed and finally stuck to doubles!! remember if u do a treble instead of a double that is now an extra chance of LOSING!! it doesnt take a rocket scientist to know ull hit more doubles than u will trebles
dont get me wrong i still do trebles and accas, but they are for small stakes and not the scource of my income, theres nothing sweeter than sticking £10-£20 on a big acca to get about £2000 back, but its not going to happen every week is it and isnt going to make u money consistantly
sometimes when i do my £250 double i sometimes take £250 from the returns and bet the rest on the next double,
for example if i bet £250 at 3.25 my returns are £812.50 so after 2 winnings doubles ill have £1625 (£1125 profit)
but if i bet £250 and it wins ill get £812.50, i take out my £250 which leaves me £562.50 and bet this on another double at 3.25 my returns when it wins are £1828 add my £250 i took out and after 2 doubles i now have £2078 (£1578 profit)
betting this way now gives me an extra £453 from back to back winning doubles, if the 2nd double doesnt win then i still have the £250 i started with and im no richer or poorer, i started betting this way after noticing in my records that i was winning 2 in a row, then losing 1, then winning like 3 in a row b4 losing another 1, then going on a run of 5 in a row b4 maybe losing another 1, by betting just the £250 on every double i noticed i was losing out on quite abit of cash by not taking the £250 out and betting the rest
lets just say i bet the £250, take out the £250 and bet the rest, hitting 4 doubles in a row is going to give me an extra £906 after 4 bets, than if i was just sticking to £250 doubles
if some of u are wondering why i take out the £250 b4 the second bet, it is because i dont want to lose money, if i bet it all on the second double then im losing £250 from my bankroll if it doesnt win, taking the £250 out covers me for if the second double doesnt win, obviously if i bet £250 at 3.25 then put that £812 at 3.25 ill get returns of £2369 (£811 more than if i take the £250 out)
im happy with the fact that im getting an extra £453 from winning back to doubles, i dont want to be risking £250 of my bankroll by not taking it out of the second bet just for an extra £358
if i take it out, i get £453 extra from back to back wins, if i dont take it out i get £811 extra from back to back wins, so the difference is only £358, which means i am risking my £250 (ill lose it if the second double loses) to win £358 which is odds of 2.43 (ODDS I DO NOT LIKE)
this may sound like a load of rubbish and ull think im rambling on, but i hope some of u nderstand it and take from it as u will and make urselvs and ur families alot of cash!!!
final thing i will say is DISCAPLINE is the key!! dont be tempted by the extra payout of a treble or a 4 fold
i 100% guarentee u, u will hit 3 consecutive 2/1 doubles (giving u 26/1 acca) alot more times than u will ever hit a 26/1 single acca
trust me guys, 3 consecutive doubles is alot easier than hitting a 26/1 (7-8 team acca)
one question u need to ask urself is..............in 3 years time do i want a bankroll of £100,000 (which is defiantly do-able) or do u want to be sitting wishing u had a bankroll of £100,000???
DISCAPLINE!!
Last edited by themanwiththeknow; January 2nd, 2008 at 18:50.
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