Following on from last week where we had a look at portfolio betting and the advantages it has, this week we continue that theme and update on the portfolio that we put together. As predicted we had some losers but we also had some winners. So whilst some services made a loss, the services that made a profit more than covered those losses and put the portfolio into a nice profit.
So what’s happened over the last 7 days?
The services we selected were –
Race Day Diva
As you’ll see in last weeks article we assigned a starting bank of £500 and then using a logarithm and various other mathematical factors we determined what the correct stakes should be. These stakes are designed to minimise losses but take advantage of winning streaks whilst protecting the bank from ruin.
Below you will see how each service fared and what the positions were after the last 7 days using the staking plan we set up last week.
Renegade Racing (-11 points) = -£7.70p
The Knack (-3.50 points) = -£9.63p
The Judge (+35 points) = +£66.85p
Race Day Diva (+38.99 points) = +£68.23p
So you can see that the services that lost, only lost a little. The services that won, did well and this was due to the staking corresponding with the strike rate of each service.
So in the last 7 days the portfolio made a total of £117.75p profit. This brings the bank to £617.75p. We would continue as normal but after three months when the bank has grown a lot more significantly we would then compound the profits to then increase our staking for the next quarter. More importantly we would take some money out and “pay” ourselves to see something tangible for our efforts.
I personally like to put money into a holiday fund and watch that grow 🙂
I’ll be back next week with another update on how this portfolio is going and the profit/loss etc.
Have a great week,
Eddie & Bet Kudos