Here is the final selection of 10 fixtures:
Now to carry out the task of computing and calculating the weighted stakes which are necessary to guarantee the same profit/loss regardless of which bets win or lose.
You should always keep your betting bank in mind and stakes should ideally be weighted for equal risk/return whichever ‘system’ you decide to play. If the same amount (e.g. £10 GBP) is placed on each game (a fixed stake/variable win staking plan) then it becomes harder to recoup the stakes of the lost bets if only the bets with the lowest odds win (i.e. the ones most likely to win).
The following table shows the calculation of the individual weighted stakes engineered to return the same amount whichever bet wins:
The results of the weighted stakes shown above will be as follows:
- No bet wins = loss: -£100.00 (total loss of the whole stake)
- Only one of the 10 bets wins = loss: -£46.65
- Two bets win = profit: +£6.70
- Three bets win = profit: +£60.05
For the mathematicians amongst you, here are the formulas for calculating the weighting:
Formula for Weighting: ∑ Odds / Odds = Ratio (Weighting) Formula for Calculating the Stakes: Total Bank for betting on this event / ∑ Ratios (Weighting) x Odds = Stake
This system can surely be varied, for example, by selecting the correct half-time score of 0-0 and combining it with the home win. There is also another, very similar system described in the Internet, called “System 11” which is based on the home/home HT/FT combination.
However, it is important to stick to one system for a while. Jumping from one to another leads to not having enough data for observation and thorough analysis. In my opinion, discipline is the main requirement to succeed in betting. If all gamblers were disciplined, bookmakers would have less of an easy ride and many more than the estimate of just 1% of all regular gamblers would actually make a full-time living from betting.
Go Forwards To:
- HT/FT – Betting on Equally Matched Teams – Evaluation
- HT/FT – Betting on Equally Matched Teams – Conclusion