Lost a bit of enthusiasm for the challenge for a few reasons. Firstly, comparing between Betfair, bet Butler and Pinnacle for every bet was getting a bit tedious and I’d already kind of decided I was going to continue on Betfair only. Then I had a couple of trades go against me. Basically, I thought about entering the market, but didn’t and missed the opportunity, to then enter the market having missed the boat and find myself with nowhere to go. I always try and get my trades done early on in matches as they can be very one-sided late on and it can leave you with nowhere to go but on this occasion I was frustrated having not entered in the first place and like I said I missed the boat.
Ironically, the betting started to do very well indeed. One of the football tipsters ‘Bet Monkey’ on my Tipster Table site has an incredible profit after 50 bets and I have been getting on his tips. These along with tips from other profitable tipsters had me ruing the fact that I had lost a bit trading when you have to put in so much more time.
Another frustrating thing was that for some reason the tennis markets weren’t appearing on Bet Butler and I wasn’t finding near the best price on a number of occasions. Like I said I’d already kind of decided to return to Betfair only again so I withdrew my money from there and decided that I would continue with the challenge once again using Betfair only. Betfair get a lot of criticism what with the outages etc but you really can’t beat them for the interface and ease of placing a bet, not to mention the superb bet history that you can export to excel.
Making so many bets and trades has become a bit exhausting if I’m honest and even though I made a small profit I don’t think doing this from £200 is worth my time. I also run TipsterTable.com and am trying to get BettingTools.co.uk off the ground too and finding enough time and energy around this and a full time job was too much! I think I will enjoy my betting a bit more when it’s done a bit more leisurely to be honest.
Just a quick note about the staking… Level stakes betting was fine and it was nice not having to think about how much to bet or enter the market with but it felt a bit silly after losing several ‘value’ bets at big prices to then stick £5 on a 1.2 shot they I thought was value. I recently read on another site about someone who stakes to win the same amount each time. I actually really like this idea as it kind of incorporates the best of level stakes and Kelly. Effectively you are still staking sensibly to return a realistic percentage of your funds but you are taking into account the actual likely chances, given the odds. This is definitely something I’m going to take on board with my own betting.