£1 A Day Patient Staking Approach – Here’s the First Transaction ?


Well my £1 A Day Patient Staking Approach is now seven days old and the first transaction has been struck.

The transaction details are as follows:

Sport: Horse Racing
Location: Doncaster
Race time: 16:20
Selection: Elusive Pimpernel

I have backed  the selection £1 each way at odds of 4/1 with Skybet who are paying a quarter odds the place. I have then put a lay bet in on the win market at Betdaq to the value of £1.03 at odds of 4.9(decimal) and have set the bet to go in running. At the time of writing this post my lay bet has not been matched.

Potential outcomes:

If Lay Bet Matched
Selection wins: Win a total of £5 at Skybet, Lose a total of £4 at Betdaq = +£1
Selection Places: Stay level at Skybet, Win £1 at Betdaq = +£1
Selection Unplaced: Lose £2 at Skybet, Win £1 at Betdaq= -£1

If Lay Bet Does Not Get Matched
Selection Places: Stay level at Skybet = +/- £0
Selection Unplaced: Lose £2 at Skybet = - £2

I will not be posting every selection before the event but I just wanted to show what PART of my new '£1 A Day Patient Staking Approach' will be.


UPDATE: Elusive Pimpernel Finished unplaced in fifth place, however the lay win bet was matched on Betdaq so the loss on this transaction was limited to £1

I hope that you have enjoyed this post

Stay Patient.
Mark

3 comments:

  1. Blimey Mark, no one could argue the fact you are not Patient...........

    Good luck with it, I'll be following.

    Cheers

    SP

    ReplyDelete
  2. UPDATE: Win bet as matched on Betdaq at 13:38 :-)

    ReplyDelete
  3. Hi SP

    Thanks for the comment.

    Yep Patience is the name of the game. The very small stakes to start with are all part of the plan.

    I am sure there will be occasions where anyone who follows the approach will think I am crazy LOL.

    Thanks again
    Mark

    ReplyDelete

Note: only a member of this blog may post a comment.