I thought I’d re-visit this post as I’ve had a few people highlight some questions about when using tipsters that use varying points within their service.
Please watch the video below and then I will offer an explanation into how to convert the information into the video to correspond with whichever tipster you might be using.
Please also see below the calculator to use for your calculations.
So as was highlighted by a few readers how do we convert the above bank into the bank required depending on what tipster you are using.
I’ll take Lucky 7 Naps as was requested by Ahmed in the comment below.
Lucky 7 Naps has a 33% strike rate and over 1,000 selections we would expect to see a losing run of 17 in a row. If we were staking just 1 point per bet and NOT the recommended stakes offered by the service we would need a 52 point bank to protect ourselves.
However we need to take the BIGGEST stake that the tipster uses which in this case is 5 and multiply this by our bank of 52. This now gives us a bank of 260 units. We divide this into our starting bank. So for example let’s say you were to start with £1,000 you would be staking £3.85 per point. So in the case of a 5 point bet this would equal £19.25.
Should the tipster now hit the expected losing run when using the 5 point stakes we will still have 2/3rds of our bank left to then hit the inevitable winning streak.
Hope that now makes more sense and always any questions please let me know.