Taking Statistical Calculated Risk With Sports Betting Service
I have a gambling bankroll for Casino games with amounts at different online casinos.
Now I pull out 500 Euro to put into Sports Betting.
I pay 19 Euro for one Tipster with 112% ROI each month.
Now I been active for five days and are plus 140 Euro.
Placing 10 Euro bets flat betting and risking 2% of the bankroll.
That is 50 Units.
Now Koetsch simulated 50/50 without edge for 60.000 placed bets.
He simulated 100 placed bets sessions.
The worst drawdown during 600 x 100 placed bets sessions was minus 34 units.
And the average loss during 100 placed bets session was minus 8 units.
That means I have a pretty good chance to make 1000 Euro risking 2% of the bankroll ( 50 Units).
So when I reach 750 Euro I will start flat betting 15 Euro until I reach my goal.
After that I not sure what to do - I have three options.
1) I can bet the recommendation 1% of bankroll with 1000 Euro flat betting 10 Euro.
2) I can continue risking 2% of bankroll and bet 20 Euro flat betting.
3) I can regress and play with the sportsbooks own money without risking my own.
Option two feel tempting to reach maybe 2000 Euro
Option three feel like a stable small income with no risks involved, where you can boost a % to make the bankroll slowly grow and pull out money each year as return on investment.
Option one feels like a long term strategy where you slowly grow your bankroll with small risk.