Betting 1.01

No, that subject line is not a typo, today’s email is about backing selections at odds of 1.01.

More specifically it’s about people who think they can easily turn a betting bankroll of a tenner into a hundred pounds…

…and then turn that hundred pounds into a thousand pounds…

…by backing their entire bankroll on “sure things” at odds of 1.01 or 1.02.

These odds are typically available in the last minutes of a football match in the match odds market or before the matches in some of the Asian handicap markets.

I’ve witnessed more than a couple of people who have either thought up this idea themselves or heard someone else talk about and all of them seem to think they’ve discovered the holy grail of betting.

And on each of these occasions, the story has been the same.

They’ve done well for a little while and they manage to turn their initial tenner into fifty or sixty quid, but sooner or later, a last minute upset occurs in a match and their bankroll goes down the drain.

I’m not denying that it is possible to turn a tenner into a hundred pounds or even a thousand pounds using this method, and I’m not denying that it isn’t a fun little experiment to try.

But the majority of the time, this strategy is doomed to failure.

The reason for this is that there is no value in backing selections blindly solely based on the odds of that selection.

There would be no value in just backing random selections at odds of 4 to 1 or any other odds for that matter.

So there is no value in backing random selections at odds of 1.01 either.

The bookmakers don’t offer odds on a bet unless they believe they are getting the better end of the bet.

Yes, they do get the odds wrong from time to time and if you can spot where they have gotten their odds wrong you can take advantage of this and make a profit over the long term.

But in the majority of cases, the bookmakers tend to get their odds right and therefore you can not take value by backing selections blindly.

And if you’re not taking value bets, you can’t make a profit in the long run.

If you’re looking for some tipsters who do advise value bets and have been making a profit with their selections over the long term, take a look at the tipster portfolio:

Until next time,
Kenny Turnbull