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Staking Mistake

How did I follow 3 wins out of 3…..with 3 losses out of 3!

I'm not bothered about the losses because with football it's something that will have to be a frequent thing. The fact it's put me at a loss so far is the worrying thing. If I'd have let the Man Utd bet run from yesterday instead of greening after 5 minutes I would be in profit, but not by much.

Thankfully I know what the problem is and how to solve it. When I calculate my lays I am basing the stake (my liability) on a maximum the same as my backs. This means I'm loosing almost twice as much on lay bets as I am on back bets because of the way I'm trading. Of course I'm winning more on the lay bets as well but my main aim is to reduce losses so I need to change this.

My next chance to try the football will be Saturday which will be a big test with so many games available to play on. A change of calculation in the lay bet stake will hopefully bring a return. In a way I'm glad I discovered this problem with it only costing me 70 pence.

I made a slight change to the stats with the a running total of games being played shown in brackets.

Games traded since last update: 3 (6)
Wins - Losses: 3 - 0 (3-3)
Profit/loss since last update: -£8.19
Test Fund: £99.30

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Follow my progress as I try to make a consistent profit from football betting/trading. When I started this blog I had no plan or idea as to how to make a profit from football so this will be an exploration of the football markets – maybe it will work, maybe it won’t – but there’s only one way to find out and that’s to give it a try. Feel free to comment on any posts (negative or positive!) or contact me by e-mail if you have any questions(mail@flutterfly.co.uk).






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