It’s great to get feedback from you readers. Back in the day when I wrote a daily blog, independent of the SBC, I would more days than not have people leaving comments. It meant that to a certain extent, the readership dictated the agenda, and it would be fantastic if that were to happen here too.
And so a big thank you to Darren, who asked a couple of questions after last week’s post. I thought that instead of replying to Darren alone, I’d stick up my answers in here for everyone to read.
I remember a few months back you mentioned that you still record your bets with a pen and paper, did you ever settle on a spreadsheet or piece of software to record the bets or are you still doing it the old fashioned way?
Yep, I’ve been dragged into the 21st century. I now use a very basic spreadsheet put together by my (far) better half. It’s dead simple that doesn’t go into detail of individual bets but does track ongoing performance nicely. It’s all I need. I’ve heard very good things of Betting Metrics which provides a bet tracking service which I believe is available at a discount through the SBC. I might well move towards this myself in the not too distant future, but just right now I’m happy with my current set up.
Your Starter and Broxchange portfolios are made up of services that are also included in your main portfolio. Are you putting bets on for these services twice and in the case of the The Accountant and Football Lay Profits 3 times or are these just theoretical portfolios to showcase what can be done if you have access to bet brokers rather than actually putting any money down on the bets?
No, I’m not doubling (or trebling) up on the same bets – I place the bets outlined in the ‘Main’ portfolio and run theoretical banks for the ‘Starter’ and ‘Broxchange’ portfolios. These are intended to show you all what can be done, how long it can take to grow your betting operation, etc. Please note though that I place each bet issued by the services in the ‘Broxchange’ portfolio via the Exchanges or MustardBet so that you get a fair representation, and all commission is deducted from the results I provide too. Obviously the rate of commission deducted is dependant on which exchange I’ve used.
I’m interested to know what your approach is to services such as [Racing Service 2] who do not tip all year round. You’ve probably noticed NMP is planning on having a break over the winter as well so i’m wondering what you do with your betting banks that you allocate to these services when they’re not tipping? Do you redistribute your [Racing Service 2] bank over the summer between other services or do you keep it aside untouched until [Racing Service 2] returns for the next NH season?
Ha! You know, I’ve agonized over what to do for the best over these issues. I don’t redistribute my Racing Service 2 bank over the summer. I am naturally very risk averse, and although there is a lot of sense in redistributing funds that in essence are not being used, I’ve decided against such a policy. I other words, each service followed has funds allocated to it, but don’t forget I applied a little leverage to my betting bank when we started these new portfolios.
I hope that answers the questions ok, but please, to all readers, please do leave comments, questions, etc. It’s great to get some interaction going and perhaps we can all help each other!
Betting performance from Thursday 1st – Sunday 11th November
Thankfully November has got off to a decent start and hopefully we’re on the road to recovery from what was a disappointing October.
Racing Service 2 has led the way and it’s great to see the positive pre-season form I mentioned a couple of weeks ago carry on into the season proper. Some very nice winners and it’s great to see RS2 back in action again.
A lovely big win for Golf Insider over in the States last Sunday, and MVS (Lite) is on something of a hot run.
It’s always very difficult to go through a rotten spell as soon as you start to follow any service, and that’s exactly what has happened with The Accountant. The first week of November was rotten, and because you have no previous experience to fall back on, you can’t help but wonder what you’ve signed up to! However, there have been some more promising signs in the last couple of days or so. We could do with a decent weekend from Racing Service 1 too.
Portfolio performance
‘Main’: ROI 9.94%, ROC 3.69%.
‘Starter’: ROI 8.79%, ROC 4.92%.
‘Broxchange’: ROI 0.47%, ROC 0.23%.
Individual service performance
The Accountant: Staked 54pts, -6.271pts.
Racing Service 1: Staked 18pts, -8.712pts.
Football Service 1: Staked 8pts, -0.061pts.
Football Lay Profits: Staked 89.8pts, +5.25pts.
Golf Insider: Staked 17.2pts, +73.72pts.
MVS (Lite): Staked 27pts, +12.6pts.
Northern Monkey: Staked 23.625pts, +1.948pts.
Football Service 2: Staked 16.5pts, +2.62pts.
Racing Service 2: Staked 12pts, +13pts.
Racing Service 3: Staked 40pts, -10.25pts.
