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gundulf
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Post subject: An idea I came across somewhere.... Posted: Mon Dec 14, 2009 3:43 pm |
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Joined: Fri Dec 04, 2009 5:06 pm Posts: 75
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I can't claim this one for myself but I read an article about a thread on the bf forum.
The writer had lost so much money backing football teams in m/o and horses to be placed at between 1.9 and 2 that he started to lay them. He uses a martingale system and looks to make 6% of his bank (inc commission) with each bet. This gives 5 attempts - but his experience is that he has never had the run of 5 lays that would bust him.
I am a firm believer in laying short prices for small liabilities so I paper traded this afternoon. Bet and leave - 5 races with qualifying horses - 1 placed the others didn't - 80% strike rate. But.... of all the qualifiers EVERY single one drifted sufficiently in running to make me hear the jingle of coin!
His rule for footie is very simple - lay any HOME team between 1.9 and 2.
Thoughts?
_________________ Check out my Compounding Experiment at http://soccercompounding.blogspot.com - comments and followers most welcome... help me with my quest for Disciplined Trading!
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DakC47
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Post subject: Re: An idea I came across somewhere.... Posted: Mon Dec 14, 2009 4:37 pm |
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Joined: Fri Dec 04, 2009 5:10 pm Posts: 43
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I'm not a fan of any blanket 'system' for any sport. There have been several 'shocks' this season so far with doubtless more to come. The only thing I would say as a general trend, is that my bias is always looking to lay any team (or horse, whatever...) with odds less that 2...but only after looking at stats etc, never blind.
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gundulf
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Post subject: Re: An idea I came across somewhere.... Posted: Mon Dec 14, 2009 5:21 pm |
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Joined: Fri Dec 04, 2009 5:06 pm Posts: 75
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I'm inclined to agree about 'blanket systems' Dak, and appreciate that 5 races is in no way a statistical tour de force, but it's just one of those little things that you notice as an aside to the main thrust - namely those prices appeared, today at any rate, to be very tradeable!
_________________ Check out my Compounding Experiment at http://soccercompounding.blogspot.com - comments and followers most welcome... help me with my quest for Disciplined Trading!
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