Wednesday, 2 February 2011

Carrying capacity

I seem to like placing myself under pressure, whenever I get information about a new tipster I'm immediately up for a trial. In reality I've reached my "carrying capacity", which in simple terms I've reached the limit of tipsters that I am capable of following. Although I may be happy with returns, the Misses certainly isn't happy about the extra workload, and what with Form Bet having more or less doubled the daily bets sent out she's going to be fuming tomorrow... lol

Here are yesterday's and today's results:



Tipster: P/L Today: Stakes: ROI: Net Profit
4PA 0.00 0.00 N/A 89.50
BLB 6.02 10.76 56% 7.20
CL 0.00 0.00 N/A 34.30
CNB 0.10 2.00 5% 2.57
EI -0.50 0.50 -100% 43.26
EWV 1.60 4.00 40% -55.91
FB -5.00 26.00 -19% 23.70
FE 0.00 0.00 N/A 21.38
FES 0.00 0.00 N/A 3.94
FI -0.61 12.00 -5% 31.76
MGB 3.93 10.00 39% 26.17
NB -2.01 16.00 -13% -13.31
NMP -1.00 1.00 -100% 7.95
PB 2.00 3.00 67% 25.62
SK 0.00 0.00 N/A 39.49
SKS 0.00 0.00 N/A -3.60
TRAM 0.00 0.00 N/A -16.13
TRAS 0.00 0.00 N/A 0.20
WRT -1.20 1.20 -100% 6.50
AB 0.52 0.50 105% -1.67
MB 0.00 0.00 N/A -0.90
SPDT 0.00 0.00 N/A -0.23
GVE -1.00 2.00 -50% 4.71
HF -4.00 4.00 -100% -20.83
HRM 0.00 0.00 N/A -5.28
LB 0.00 0.00 N/A 8.52
PCB 0.00 0.00 N/A 19.60
STR -22.00 22.00 -100% -15.00
         
Total -29.17 104.20 -18.35% 263.49

Much of the losses have been attributable to Strikeline who hasn't had much luck over the past couple of days, but that's fine, still placing tiny stakes. Herbie Fogg continues its bad run but Neural Bets and Mr Gekko Bets had good days today.

Good to see the Bettor Logic Bets on the up, if Chelsea hadn't conceded that second goal against Birmingham this evening profits would have been even better. In the long-term only obtaining value will mean being profitable. By the way, if anyone can give me some advice on a formula for working out stakes according to value, or put their opinion across, I would be very grateful. Basically it works like this: let's say I think the odds should be 2.0, but they are actually 2.5, meaning a profit margin of 0.5. On another bet I find a profit margin of 0.75. I think I should stake more on the bet that offers 0.75 of profit, but I can't work out a calculation... does anyone have an opinion on this?

I'll call it a day, been feeling very rough last couple of days.

Until tomorrow

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