Aug 2024 £3000 - ? Bank Challenge

[John Folan]

@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:

@martin said in The £59.91 - Betfair Premium Charge Challenge:

@richard-latimer brilliant, is this total all from the original amount have you added?

No, I've been adding £5.00 a week. In fact the system is still only around £5.00 in credit. Important thing for me is I know that if I can do it once I can do it again. I'm slowly cutting out all the silly mistakes, poor leagues and the outliers which have been hurting me. The FHG is on pause as I said because until I have decent data from each league I don't trust it to make money.

For Aug I was £30.00 up after a nightmare start.
For Sept I had another nightmare start and this time couldn't get it back. Ended up -£45.00
For this month I'm already £20.00 up so I know how quickly things can change.

We cannot look at this on a monthly basis. Got to be quarterly at least. It’s tough but that’s the breaks

[Richard Latimer]

@john-folan said in The £59.91 - Betfair Premium Charge Challenge:

Well done Richard. Your perseverance is paying off. There are definite improvements to what you are doing. Stick to your guns mate

Thanks, I know I can do it, I know the data is good, just a question of cutting out the things that are hurting me right now and slowly I'm doing it.

[Richard Latimer]

@martin said in The £59.91 - Betfair Premium Charge Challenge:

@richard-latimer brilliant, is this total all from the original amount have you added?

No, I've been adding £5.00 a week. In fact the system is still only around £5.00 in credit. Important thing for me is I know that if I can do it once I can do it again. I'm slowly cutting out all the silly mistakes, poor leagues and the outliers which have been hurting me. The FHG is on pause as I said because until I have decent data from each league I don't trust it to make money.

For Aug I was £30.00 up after a nightmare start.
For Sept I had another nightmare start and this time couldn't get it back. Ended up -£45.00
For this month I'm already £20.00 up so I know how quickly things can change.

[John Folan]

Well done Richard. Your perseverance is paying off. There are definite improvements to what you are doing. Stick to your guns mate

[Martin]

@richard-latimer brilliant, is this total all from the original amount have you added?

[Richard Latimer]

Finally a perfect 13/13 and +£19.89 today.

I'll post the full update later.

Bank now £159.34.

[Richard Latimer]

Hamburger II would normally be a play but I've noticed that home odds lower than 1.6 not performing at all well and playing it safe.

[Richard Latimer]

Todays list after cutting away all of the untested or poorly performing leagues:

[Richard Latimer]

Of course there was also the loss in Ger not in the above table as it wouldn't be repeated going forward.

7/8 and the tiniest of profit. An improvement on the last 2 months opening day/night anyway!

The profit wasn't enough to move the bar on stakes other than a single penny increase on highest odds. These are now £1.16.

[Richard Latimer]

Woohoo 35p profit haha

[Richard Latimer]

Here's the rest

[Richard Latimer]

@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:

LCS BFC Dynamo and Antalyaspor

Will I ever learn. Well yes in time. Just so annoying it has to be this way.

There is almost always a reason to avoid big numbers as much as there is to avoid small ones. There aren't many of the big numbers, they aree outliers and a return to the mean is due at any point. 1/2 with a fairly quick goal in Turkey and then a Turkey in Germany.

[Richard Latimer]

LCS BFC Dynamo and Antalyaspor

[Richard Latimer]

Nothing happening tomorrow until around 5pm so I'll post before then.

[Richard Latimer]

I forgot a critical part of what I'm doing right now which not everybody may agree with but there's my regular investment of £5.00 to go onto the bank making it £139.09

[Richard Latimer]

Now the hard part

P/L for Sept -£45.96

I knew this was going to be bad but like I've repeated many times over I have confidence in rebounding quickly. Some of this loss was my own fault for relying on untested leagues, some of it was the FHG I've put on pause and some of it was just plain bad results.

I'm not interested in sugar coating anything. It does me no good that's for sure. Whatever happens will be documented here.

[Richard Latimer]

As promised:

4/4 but 3/3 for me as got to sleep some time right.

+£3.55

Bank £134.09

Stakes for tomorrow will be...

3.55-7.4 = £1.50
7.6-11.0 = £1.11

[Richard Latimer]

Well update the actual results and figures later.

[Richard Latimer]

Sept is over. It ended better than it started but ultimately b there was too much to do and the loss outweighed last month's gain.

I'm not worried. I made changes, cut some leagues, I paused the FHG and I reduced stakes when the ratchet was hit in order to protect the bank. All while remaining consistent on my one filter and continuing to track everything regardless.

I wouldn't have done any of this in the past. I know I now have the discipline to move forwards and anticipate a big month.

[Richard Latimer]

@martin thanks but this is really quite easy. I put my current bank into my staking calculator and it works it out for me. Same as telling me when I've lost 35% and need to reset the ratchet.