When to up your stakes

For me when it comes to betting/trading and more importantly making money, it matters little by days end what sports the profits come from and whether it’s from backing or laying?

Whether it’s Badmington, tiddlywinks, or whatever if I can find an angle and make a profit I will play that market whether or not I like the sport, as for me it's just a numbers game.

Yes my favoured sports to bet are Horse Racing, Football and Tennis and that’s only because they are the ones I specialise in more than others.

However, If someone was to show me a way of making money from darts, or pointed me in the direction of an expert in that field that made good money then I would be first in the queue to follow them if it adds to my wealth.

After all the value of the money is the same from Horse Racing or Football as from any obscure sports or novelty markets.

Therefore I do get perplexed by those who say, I don’t like football, horse racing, or this that and the other especially if they are shown how to make profits from them? The question is; does it matter whether you like them or not if they deliver?

You can always enjoy your favourite sports as a spectacle rather than betting on them, but when it comes to making money then any market I see with a clear winning edge will do for me.

In fact, many sports fanatics I’ve met have turned their superior knowledge of that sport into profitable betting. By knowing their sport inside and out they can quickly spot pricing errors that even the bookmakers have overlooked due to been under pressure to price as many markets as possible on a daily basis.

So yes if you are knowledgeable about your favourite sport then it’s a good place to start for profit making. On the other hand don’t pigeon hole yourself into only betting on sports you like as you could be missing out on some extra revenue streams from other services that offer their knowledge from minority sports.

Staking – When to Increase?

It never ceases to amaze me why many punters/traders when they start a new service or strategy and hit a golden wave of early profits then decide to up their stakes and then encounter a hard hit on their bank?

Let’s break this down and see what’s going on here.

Every method or service would have an average strike rate – right?

If they hit a winning period then surely this winning strike rate is running above the norm? In which case why on earth would you increase your stakes?

It makes no logical sense whatsoever when you think it through.

The common sense approach would be to consider increasing stakes when you have hit just above your average losing run and NOT when coming off the back of an above average winning run.

No service or strategy can keep up that gallop in that respect as pure mathematics would dictate a correction in strike rate DOWNWARDS is due.

So next time you consider upping your stakes make sure it’s NOT on the back of a winning run. Many have made a small fortune using this approach and using long term strike rate data to decide when to increase.

Of course, this is not an exact science as you can never be 100% accurate on when to intercept and change your stake size, but as a general rule consider dropping your stake size after an above average winning run, and likewise consider upping them after an above average losing run.

You can then rinse and repeat this process every time you get above average winning and losing runs and it will sure add to your bottom line long term.

So there you have some fundamental advice that every now and then we need to remind ourselves of if we are to gain a long term edge. For more betting/trading related articles and profitable Quick Fire exchange methods take a quick look at this here: https://qfbstrategy.com/adk-one-pound-offer/