Established in 2008, this blog is an independent, common sense, look at challenges and opportunities in sports and financial investing, with occasional diversions as my mood takes me. I am not a tipster, nor is this a Profit and Loss report either. They are boring.
Saturday, 13 December 2014
Dec 2 FTL Update
The finishing line is in sight, as the midweek matches of December 2nd thru 4th are updated. Not too many entrants were involved, but a mention for Talkies Tips who takes the early lead in the race for December's monthly prize. While on the subject, if Fairfranco would like to let me know if he would like his monthly prize for November now, or added to his likely end of season winnings, I will proceed as necessary. No changes at the top, although Fairfranco's magic cape blew off as he dropped 1.71 points and shows he may actually be human after all. The overall profit now down to +34.01 points.
I should have the table caught up in the next couple of hours.
I have had a life-long interest in sports and after studying Pure Mathematics with Statistics at secondary school, have been fascinated by odds and probability.
The first system I came up with was a simple one - back the favourite and double up after a loss until a winner. Simple enough in theory, and I told my Dad about it. Not being a betting man himself, he ran it by some of his colleagues, and came home to tell me that it wouldn’t work because a long losing run would mean that the bank would be empty. Then there was always the possibility that the winner would be returned at odds-on, meaning that the total returns would not match the outlay. Not what a ten year old wants to hear! Only slightly daunted, I then went on a search for the Holy Grail, the secret to riches that I knew was out there somewhere. Finally in 2004 I stumbled across an article about Betting Exchanges and four years later I was able to make a steady profit.
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