Sports Betting Club – Day 11 and important update to totals
Tuesday April 6th 2010
Hi Constables,
No selections today, but some important information regarding profit/loss on the perm bets below.
Due to a misinterpretation of the staking plan for the football perm (accumulator) bets, the total for that section has been recalculated.
Originally I was asked to apply 1 pt (£2) for every bet. After speaking to Commissioner FItz and Steve (who runs the service), it would appear that perm bets should have a one-off stake +20% to cover the whole bet.
I will clarify (hopefully) with an example : Lets say I receive 5 selections and am told to back all trebles (10 bets) and the accumulator (1 bet) giving 11 bets. Our unit stake is 1 pt (£2) and we are advised to bet that plus 20% over the whole perm. Therefore 1.2 pts (£2.40) covers the WHOLE 11 bets.
Previously this was reported as 11 bets at 1 pt each (£22) so the difference is sizable.
Instead of amending each daily post, I have put the revised totals below and will apply the right stakes on the football perms from now on!
Cheers,
Sgt Rob
Original Betting bank at start of review : 300 pts (£600)
Betting bank at start of day : +297.75 pts (+£595.50).
All bets staked at 1 pt (£2) with the exception of football perms which are staked at 1.2 pts (£2.40) for the total perm
Football Lays : No selections
Current (total) Profit/Loss of +11.19 pts (+£22.38) after Betfair Commission.
Football Backs : 4 selections (3 singles and 1 double) – all won.
Current (total) Profit/Loss of +5.01 pts (+£10.02)
Football Perms : No selections.
Current (total) Profit/Loss of -12.46 pts (-£24.92)
Current (total) Profit/Loss of -1.12 pts (-£2.24) – after implementing correct staking method.
Golf Bets : No selections.
Current (total) Profit/Loss of -1 pt (-£2)
Tennis Bets : No selections.
Current (total) Profit/Loss of +0.5 pts (+£1)
Summary
Daily Profit/Loss : n/a
New betting bank : +314.58 pts (+£629.16) – after adjusting profit/loss for perms
Whole of trial – Cummulative Profit/Loss +14.58 pts (+£29.16) – after adjusting profit/loss for perms
