Thursday, 28 February 2008

The first bets.....

My first attempt at trying to generate risk free bets for this week’s US Golf tournament didn’t quite go according to plan.

I initially picked out 3 players which I thought were overpriced. For £2 or £3 stakes, I backed them and asked for odds a little lower. I managed to get all 3 of my bets matched quite easily which was pleasing.

I then got a little greedy and tried the same trick with another 5 players with £3 or £5 stakes!

Not surprisingly, I struggled to get all of them matched and I’m left with an exposure of £11 going into the tournament tomorrow.

Below are the returns that I have generated for each player:

As the tournament progresses, I will look to reduce my exposure if possible. Obviously, I’m hoping that one of the 3 players with the high returns gets off to a decent start and I can lay him off quite quickly.

As I’ve said previously, I don’t expect to get rich by following this sort of strategy but this is meant to be an experiment after all, so I’m happy to look around at different strategies and give them a try for small stakes…….


Mark Iverson said...

Hi Graeme,

I sense that beginners luck may see Will Mackenzie romp home by 4 shots :-)

All the best,


Graeme Dand said...

Hey Mark,

Maybe you were right. Not Will though, Brian Davis.

Backed him at 600 for £3 and laid him off a little lower. In 3rd place.

In from work for 10 minutes, logged on, saw Quiggley was 100, offerred 80's for £9 and got it matched.

If I can just find another £2 to lay, The Experiment can't start off with a loss.......