So we’re into the second month of the year and as always I’m amazed at how quickly the time goes. Keeping busy is key and I’m certainly doing that. I spent the latter part of last year sifting through all my systems and approaches, checking things where going as they should. A few angles were kicked out and a few were shifted to the top of the profitable pile. All in all I’m happy that I’ve got the best portfolio I’ve ever had in place and this year I intend to make a killing!
Onto this week and as my regular readers will know I’ve been encouraging you to build your own portfolios of profitable tipsters and systems. We’ve had five articles this year explaining what you should be doing and I will list them at the end of this article so you can follow the advice given in each one and start turning a corner so to speak. This week we should be at the 5 week stage and over half way through putting together a portfolio and starting to monitor the progress of each one and how we can make this profitable. At the end of this month I will summarize all this and help you move onto the next stage. Yes there is going to be one theme throughout the whole of year that will help you start to make money from your betting 😉
Today then I wanted to highlight the importance of a portfolio and why it’s necessary on many levels in order to succeed. I’m going to use two examples of two different examples in my portfolio and explain why each one works and the key to their long-term success.
First up though is why have a portfolio. In simple terms the idea is that when one system is losing the other makes a profit. This of course works both ways and while the profitable one starts to lose the losing one starts to profit! I have 8 angles that I use and this can give me up to 12 bets per day. Some have been losing for several months while others have been flying for several months. Overall the whole portfolio is in a good profit.
Okay so to the examples then. Angle one which you will see below focuses on the bottom end of the market. This gives me a low strike rate. Angle two focuses on shorter prices and has a much higher strike rate.
Here is angle one:
As you can see from angle one there has been 6 winners from 41 selections giving me a strike rate of 14.63%. That’s a low strike rate and will experience long losing runs. I operate a starting bank each season of a 130 units. So at £10 a point this would equate to a bank of £1300. That’s just for one angle.
So let’s look at angle two:
As you can see Angle two has 10 winners from 30 selections which gives us a 33% strike rate. That’s a very good strike rate and I would operate a 60 point starting bank for this angle. I will go through in another article how we need to calculate the size of our banks before we start.
So the two angles combined would need a £1900 bank to operate using £10 stakes and at the end of January you would have seen a profit of £144.70p. Now I know that isn’t amazing but it’s a profit and you can build on this. Whilst angle two gives us plenty of winners that keeps us ticking over nicely, angle one has shown a good profit but has had less winners. You can see now that whilst were we to operate angle one on its own we would be suffering from long losing streaks and this is hard to cope with for any bettor. It is also why a lot of people struggle to stick to something before the profit comes.
One important thing to mention here is if you look at my records you’ll see the price I take and that I also record the SP. Over the two angles I have managed to beat the SP 54% of the time. I would actually monitor that more closely as I would expect closer to 60% but either way by beating the SP over half the time has secured me my profit and will continue to do so as long as I keep that up.
So to re-cap on where we’re at in the beginning of February. We need to be finding plenty of good angles and tipsters to add to the portfolio so that when one is losing the others are winning and vice versa. We’ve until the end of this month to do that and then we move onto phase two and two months worth of articles surrounding that subject.
So here are the articles so far this year which highlight what we should be doing if you wish to catch up on the series.
Give yourself an hour or two and a cup of tea (a beer is allowed!!) and read through those articles and get yourself up to speed and let’s get you making a profit.
As always if you have any questions please leave me a comment and I will get back to you as soon as I can.
I’ll be back next week with more on finding those profitable systems and helpful tips to help you on the road to making a profit.
All the best,