Tips / Bets League 2 Betting Competition 2016/2017

Nearly time. I just want to float a possible alternative format for you to consider

In the past,
£1000 was added to your betting bank each month and you could bet as much as you like up to the amount remaining in your bank, with a minimum of £1,000 to be staked in each month. This meant that, in the extreme, you could gamble your entire bank on a bet you considered to be a cert.

Your bank balance increased with profits and shrunk with losses and could go up and down from month to month

At the start of each month your bank was equal to:
the total of your monthly allocations to date
minus anything staked to date
plus any returns to date

Possible alternative
Another format I have seen is one where all profits are secured. It works like this:

Each month £1,000 is allocated for you to bet with that month and you must bet the whole £1,000 each month. You cannot re-invest profits. For each bet any profit is added to your bank and you cannot touch it. You can only bet with the month's allocation. It's effectively, me betting the £1000 each month on your behalf and giving you any profit. Your balance does not include your allocation and just increases by any profits made.

Please let me know which format you prefer

 

Either for me Ron, I'm not bothered, you probably noticed I generally play by the second method anyway.

 

That's true

 

In the second method you know that to have any chance of overtaking someone above in the table you have to make more profit than the difference. You can't rely on them losing more than their monthly allocation. At least you can't lose any money already won.

 

I think betting within only the monthly allocation will benefit players such as myself

 

It does stop people putting a couple of thousand on what looks a cert

 

Looks like we are heading for a change of format. Worth a try.

 

I actually would be inclined to stay with the old format, I had to put a couple of massive bets on at the end of the season to get close the leaders and it was really nerve wracking but very exciting.

Saying that, I will be happy either way.

 

Not bothered either way but I will have to be creative getting my multiple bets adding up to 1k

 

Maybe a compromise is the answer. Eg
(a) must stake all of the £1,000 monthly allocation (as normal)
(b) optionally, may stake up to 20% (say) of the previous month's final balance (eg if your balance at the end of August is £2500 you can stake anything between £1,000 and £1500 in September)

 

Sounds good to me Ron