Tuesday, December 15, 2009

PROFIT/LOSS STATEMENT

Basically after each week, I will try and prepare a little report on the profits and/or losses of the bets I have placed up during the week.

My basic betting system is to place 1 unit on an outsider (3.00 or more) and 2 units on a head to head value bet (3.00 or less).

Following that line of betting, and after calculating up all the results, I achieved;

A loss of 4.50 units for the week, saved mainly by Nick O'Hern scraping into 5th spot in the oz PGA, and also good NFL wins by the Eagles and Chargers.

Over the coming weeks, I will be placing large value, high return, but low percentage multi's also that will hopefully raise the level of this site's returns.

Not a good first week, but not a "shocker" either.

Best of luck to all.

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