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How A Small Change Increased My Profit From £1300 To Nearly £5000 In One Month From Lay Betting.
The Value of Lay Betting in My Portfolio
Lay betting has become an integral part of my betting portfolio, and I can only wish I had incorporated it sooner. Like many others, I was initially put off by the potential liability. However, when executed effectively, lay betting can significantly enhance your overall profits. Let’s face it: over the long term, it is often easier to identify a losing bet than to consistently pick winners. By focusing on lay betting, you can leverage this advantage to improve your betting strategy and profitability.
I have been adjusting my staking strategies for some time now. While I can generally profit from level stake bets, it’s important to distinguish between staking and liability. By closely tracking my betting patterns, I discovered that a simple shift in my approach could significantly enhance my profits. I was astonished by the results from this minor adjustment. This experience has underscored the importance of continuously refining your betting strategies to maximise profitability.
Real-World Example from My Lay Tips Service.
For this post, I will use a real working example from the selections provided by my Lay Tips service. But you could implement this into your lay betting If you have a strike rate of around 67%, you could break even.
Initial Approach and Results Analysis
Before going into the details, let’s discuss my initial approach to lay betting. I aimed for one profitable lay bet per day, documenting the results based on a £50 stake for each selection. It’s important to note that the liability varied depending on the odds of each selection. You can view the specific selections and their outcomes on the ResultsPage shared via the Google Sheet.All these selections would of been part of the LAY BETTING tips service.
So for JUNE 2024 you can see that we had around 33 selections and to a £50 stake on each it gave a profit of over £1300 for the month which in itself was very credible.
Enhancing Profits with a New Staking Approach
I knew there was potential to further enhance the profits based on the strike rate of successful bets. To explore this, I began tracking the results of the same selections for the month of June but with a different approach. Starting the month with a betting bank of £500 for lay bets, I used 20% of the total running bank as the liability for each bet.
Please see GOOGLE SHEET with the new staking method
This method felt like a more effective way of lay betting, as it allowed for a manageable liability regardless of the odds. Consequently, the importance of odds diminished, although shorter odds naturally yielded higher returns. This new approach demonstrated a more strategic and potentially profitable way to manage lay betting, ensuring that liabilities remained controlled while still capitalising on favourable odds.
Impressive Results from the New Staking Strategy
As you can see from the shared Google Sheet, this new approach to lay betting generated a remarkable profit of just under £5,000 for the month of June. By leveraging a betting bank of £500 and using 20% of the total running bank as the liability for each bet, the results far exceeded initial expectations.
This impressive profit highlights the effectiveness of this refined staking strategy. By managing liability more strategically, I was able to significantly enhance overall profitability, demonstrating the potential of thoughtful adjustments in lay betting tactics.
Lessons Learned and Benefits of the New Staking Approach
This new staking approach has not only increased my profits but also taught me valuable lessons about the importance of adjusting your staking strategy. Many bettors are wary of staking plans, but working within the boundaries of your strike rate can significantly enhance your profits with just a simple adjustment.
One major insight is the benefit of viewing lay betting from a liability standpoint. Previously, I was overly cautious about selecting bets with odds above 4.00, fearing the difficulty of recovering from losses. This limited my selections and, consequently, my potential profits. However, by betting to liability—risking 20% of my bank regardless of the odds—I have broadened my selection criteria.
With this method, shorter odds yield higher profits, but higher odds do not pose the same risk as before. The manageable and consistent liability ensures that even if the odds are above 4.00, the margin for error remains wider, making recovery more feasible. This approach has opened up new opportunities and selections that I would have previously overlooked, ultimately leading to greater profitability and a more robust betting strategy.
Final Advice
My advice is simple: don’t be afraid to adjust your staking strategy. As long as you know your strike rate and work within those parameters, you can achieve significantly higher profits in the long term. While my success was built from lay betting, this approach can also be adapted for traditional backing bets. However, when backing, the odds within your strike rate might play a more decisive role in your overall profitability.
Adapting your staking strategy to align with your strike rate can transform your betting outcomes. By taking a calculated and flexible approach, you can unlock new opportunities and enhance your profits, making your betting endeavours more successful and sustainable.
