Ten pound trader – Day two
Using maximum stakes of £11.76, ten pound trader managed to make £3.73 yesterday. That’s represents a 31.72% return on stake size on the day. Sounds impressive! Well it is, but it isn’t, but I hope my point will come across over the course of this post.
If I asked if you could return the same percentage on the day, you would probably be hesitant. But if I asked you if you could make 11p a race you would probably have a go. The fact is that in this case, both are one and the same thing. The reason for the higher return today is that I simply did more races. Such is the wonder of instant settlement and short term events on betting exchanges that its possible to recycle the money through the market very quickly, which produces these sorts of results.
Early on Saturday morning I was doing a dry run for the Melbourne cup, so ten pound trader joined me for the Aussie racing and the UK racing. In total I did 36 races on the day averaging just over 10p a race. If you look at the prior day I did 17 races, averaging a similar amount per race. So you could argue I did worse today as I had a larger stake size to work with.
With yesterdays result added in, the maximum stake for today will be £15.49. This is now more than 50% higher than we started with. Despite only making an average of just over 10p per race we are already moving up the stakes nicely. I will be active today as we have the Prix De L’arc. I’ll see if I can get get ten pound traders bank up a little but he will probably have a rest on Monday and Tuesday.
Category: Using Bet Angel
