Punters United - path to glory!

[Punters United]

Hi everyone,

This category provides me with a great chance to embarrass myself! For my betting log I will start with a hypothetical balance of $1,000.00.

First up:

FOOTBALL --- Benfica v Manchester United - 15-Sep-2011
Market: Draw no Bet
Selection: Manchester United
Odds: 1.40 (bet365)
Wager: $20.00
Outcome: PENDING

FOOTBALL --- Benfica v Manchester United - 15-Sep-2011
Market: Winning Margin
Selection: Manchester United 4+
Odds: 15.00 (bet365)
Wager: $1.00
Outcome: PENDING

FOOTBALL --- Manchester City v Napoli - 15-Sep-2011
Market: Head to Head
Selection: Manchester City
Odds: 1.36 (Pinnacle Sports)
Wager: $20.00
Outcome: PENDING

RUGBY UNION --- Australia v Ireland - 17-Sep-2011
Market: Head to Head
Selection: Australia
Odds: 1.211 (Pinnacle Sports)
Wager: $50.00
Outcome: PENDING

SUMMARY:
Starting balance: $1,000.00
Concluded bets (#): 0
Concluded bets ($): $0.00
Net profit: $0.00
Net return: 0.00%

[the_burninator]

GL punyers united. Like the idea of the bankroll and ROI..

[Punters United]

Thanks the_burninator!

I will provide an update on my first round of bets at the end of the weekend. In the meantime, my latest wager is:

RUGBY UNION --- New Zealand v Japan - 16-Sep-2011
Market: Line
Selection: Japan +80.5
Odds: 1.15 (before commission) (Betfair)
Wager: $30.00
Outcome: PENDING

[Punters United]

Well, it has been a horrific start, so things can only go up from here.


SUMMARY:
Starting balance: $1000.00
Current balance: $933.28
Concluded bets (#): 5
Concluded bets ($): $121.00
Net profit: -$66.72
Net return: -55.14%


Australia's loss to Ireland was my undoing. I had made the wager at 1.20 odds and saw the odds fall to 1.14 mid-week, so I was feeling pretty good at that point...

I will make some more picks later in the week.

[Punters United]

May latest wager:

RUGBY UNION --- Tonga v Japan - 21-Sep-2011
Market: Line
Selection: Japan +18.5
Odds: 1.18 (before commission) (Betfair)
Wager: $25.00
Outcome: PENDING

[Punters United]

Two more:

FOOTBALL --- Chelsea v Swansea - 25-Sep-2011
Market: Head to head
Selection: Chelsea
Odds: 1.20 (bet365)
Wager: $20.00
Outcome: PENDING

FOOTBALL --- Stoke City v Man Utd - 25-Sep-2011
Market: Head to head
Selection: Man Utd
Odds: 1.53 (bet365)
Wager: $20.00
Outcome: PENDING

[flogger]

I'm just wondering how this system worked out for you?

It has been a month already. What is your winning percentage and how much cash earned it total?

[cabbott]

this is the arbitrage? this is good any update to your thread?