Laying the Draw
These problems with the old Football Cash Generator spreadsheet are in my opinion unforgivable .
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So what I will do here is give you another spreadsheet based on the previous version but with some significant changes. The starting point is to put in your total betting bank amount then choose the amount you will work with based on that. I suggest something between 5% and 10%. I suggest that you change the betting bank based on session or day. So at the end of the day you put in the new and hopefully higher betting bank amount into the workings so that the next session you will be betting and winning larger amounts.
if the betting bank is less than at the start of the day, you can either revise it down and bet less the following day or maybe leave it one more session and only make the starting betting bank smaller in the workings if it happens twice in a row. It will depend on how much you are working with.
Then the next part of the working out is based on the risk reward scenario. The amount of the stake is calculated based on the amount you should be risking and the actual odds of the lay price. So if the lay price is higher then you will be betting less.
Football Cash GeneratorThis is a simple technique using the spreadsheet which works out for you how much to put on the trade after the first goal is scored in a game. What happens is that if the favourite scores first as often happens then you can go to the BetFair Match Odds page for the game an place a back bet which will give you a guaranteed profit whichever team wins or if there is a draw. (you have already put the lay bet on before the game started)
Get the SpreadsheetOk so here is how you do it. First get your hands on the spreadsheet. Then look for a game where there is a clear favourite. Put in the details in the spreadsheet for the available lay bet on the draw, how much you want as a profit as a percentage, how much your stake is and the odds for the either nil-nil or for the draw-draw. My preference is for the draw-draw even though is costs more.
The trade you place for the nil-nil or the draw-draw is as insurance and you can choose the percentage you want on that too.
The BasicsOK all of the information is in there and step one is to place a bet on the lay side of the draw. That is to say that it will not be a draw and one of the teams will win. Note that your liability is the multiplication of the lay odds minus 1. For example if the lay odds are 4 and you place a trade of 10 the liability on the trade is 30.
Next decide your insurance bet in case no goals are scored and place that trade.
Last step is to monitor the game and see what happens. When the first goal is scored the odds will be much higher than when you placed you lay trade. If they were 4 then you will see odds of 8 or 10 or so. place the trade then on the back side of the draw of the figure that is given in the spreadsheet. I always go for the equalise profits figure but you could put more emphasis on the one or other team to win the game. It is up to you.
If the underdog scores first it is probably best to trade out of the position and take a small loss. If you have done the draw – draw then you might still make money if you have a draw at half time and a draw at the end of the match.
What I do with the techniqueIf the favourite scores first and you think that they will score again or will probably hold on to the lead to the end of the game then you could leave it and take the full amount of possible profit from the trade. I prefer to equalise profit as soon as possible though and have the money in the pot. I did leave one recently but that was because Man United scored a second goal before I could get the back bet on. The game ended 5-1 on the end and I had a good profit.
Read More
So what I will do here is give you another spreadsheet based on the previous version but with some significant changes. The starting point is to put in your total betting bank amount then choose the amount you will work with based on that. I suggest something between 5% and 10%. I suggest that you change the betting bank based on session or day. So at the end of the day you put in the new and hopefully higher betting bank amount into the workings so that the next session you will be betting and winning larger amounts.
if the betting bank is less than at the start of the day, you can either revise it down and bet less the following day or maybe leave it one more session and only make the starting betting bank smaller in the workings if it happens twice in a row. It will depend on how much you are working with.
Then the next part of the working out is based on the risk reward scenario. The amount of the stake is calculated based on the amount you should be risking and the actual odds of the lay price. So if the lay price is higher then you will be betting less.
Football Cash GeneratorThis is a simple technique using the spreadsheet which works out for you how much to put on the trade after the first goal is scored in a game. What happens is that if the favourite scores first as often happens then you can go to the BetFair Match Odds page for the game an place a back bet which will give you a guaranteed profit whichever team wins or if there is a draw. (you have already put the lay bet on before the game started)
Get the SpreadsheetOk so here is how you do it. First get your hands on the spreadsheet. Then look for a game where there is a clear favourite. Put in the details in the spreadsheet for the available lay bet on the draw, how much you want as a profit as a percentage, how much your stake is and the odds for the either nil-nil or for the draw-draw. My preference is for the draw-draw even though is costs more.
The trade you place for the nil-nil or the draw-draw is as insurance and you can choose the percentage you want on that too.
The BasicsOK all of the information is in there and step one is to place a bet on the lay side of the draw. That is to say that it will not be a draw and one of the teams will win. Note that your liability is the multiplication of the lay odds minus 1. For example if the lay odds are 4 and you place a trade of 10 the liability on the trade is 30.
Next decide your insurance bet in case no goals are scored and place that trade.
Last step is to monitor the game and see what happens. When the first goal is scored the odds will be much higher than when you placed you lay trade. If they were 4 then you will see odds of 8 or 10 or so. place the trade then on the back side of the draw of the figure that is given in the spreadsheet. I always go for the equalise profits figure but you could put more emphasis on the one or other team to win the game. It is up to you.
If the underdog scores first it is probably best to trade out of the position and take a small loss. If you have done the draw – draw then you might still make money if you have a draw at half time and a draw at the end of the match.
What I do with the techniqueIf the favourite scores first and you think that they will score again or will probably hold on to the lead to the end of the game then you could leave it and take the full amount of possible profit from the trade. I prefer to equalise profit as soon as possible though and have the money in the pot. I did leave one recently but that was because Man United scored a second goal before I could get the back bet on. The game ended 5-1 on the end and I had a good profit.
What is the Footy Money Maker
You lay the draw at the start of the game and back the draw after the first goal goes in to green up. So long as the favourite team scores first the odds will have changed enough that you can do the hedging bet. Greening up is simply hedging the first bet to lock in a profit, the odds will be different For the second bet. In this case higher and you bet with a different amount depending on the difference in the odds between the first and the second bet.
You can do this manually so that you have the right amount by trial and error or use the Footy Money Maker spreadsheet to give you the correct amount. The whole idea is that you will win the same amount no matter who wins the game or if it is a draw
So what do you actually have to do?Before the trading sessionFill in the size of your betting bank, then put in the percentage which dictates your exposure per trade. Decide whether or not to use an insurance bet and choose the percentage of the liability to cover, usually with the correct score bet on nil nil.
Ready to start tradingFill in the odds available on the lay side of the draw in the match odds. Then place your first bet with the stake size that the spreadsheet gives you. Footy Money Maker bases this stake on the variables of the odds and the size of your betting bank. We don’t use a level staking plan – the level liability is better to work with when doing lay bets.
In the correct final score market you will find the price of the nil nil. Or You could also use the draw-draw price instead of the nil nil to give you the insurance if you are using it.
Game is runningSo you have made your choices and you wait for the goal. All you have to do then it to enter the back price you see for the draw in the Match odds – when the first goal goes in. Finish the trade by greening up with the stake indicated by the spreadsheet. DONE.
Working out your settings
There are a lot of variables in the system set up and because of this the only way that you can say whether it is any good or not is by using it. (paper trading to start with of course ) to try and work out if it will make money for you or not. I would advise you to give it a thorough testing with the settings you think will make you money. Refining it as you go. You have to note that this is a trading technique and not a betting or gambling thing. There is risk with it but the idea it that it is a managed risk based on probability and proper mathematics.
I do not encourage anyone to take up gambling and throwing money away on chance events. Betting is a mugs game and the question you have to ask yourself is. Have you ever seen a bookie riding a bicycle?
What do you need to do this systemIt would help if you had the Footy Money Maker spreadsheet to help you manage your betting bank and to set up your trades. There is a link on the site for you – footy money.com.
You might consider getting BetAngel which is not essential but can be very helpful for making trades one click quicker. There are other betting softwares out there but the best has to be BetAngel, you can try out BetAngel for free for a number of days – or get it for a month at half price.
Broadcast on UstreamMy plan is to also broadcast on Ustream on some match days, so that the users of Footy Money Maker can see what I am doing, and there will be a chat area also so we can be social about it too. We can swap plans and discuss choices for games to work with.
Keep you eye out for more bet exchange trading videos, I am testing a system now called NAC which looks interesting.
You can do this manually so that you have the right amount by trial and error or use the Footy Money Maker spreadsheet to give you the correct amount. The whole idea is that you will win the same amount no matter who wins the game or if it is a draw
So what do you actually have to do?Before the trading sessionFill in the size of your betting bank, then put in the percentage which dictates your exposure per trade. Decide whether or not to use an insurance bet and choose the percentage of the liability to cover, usually with the correct score bet on nil nil.
Ready to start tradingFill in the odds available on the lay side of the draw in the match odds. Then place your first bet with the stake size that the spreadsheet gives you. Footy Money Maker bases this stake on the variables of the odds and the size of your betting bank. We don’t use a level staking plan – the level liability is better to work with when doing lay bets.
In the correct final score market you will find the price of the nil nil. Or You could also use the draw-draw price instead of the nil nil to give you the insurance if you are using it.
Game is runningSo you have made your choices and you wait for the goal. All you have to do then it to enter the back price you see for the draw in the Match odds – when the first goal goes in. Finish the trade by greening up with the stake indicated by the spreadsheet. DONE.
Working out your settings
There are a lot of variables in the system set up and because of this the only way that you can say whether it is any good or not is by using it. (paper trading to start with of course ) to try and work out if it will make money for you or not. I would advise you to give it a thorough testing with the settings you think will make you money. Refining it as you go. You have to note that this is a trading technique and not a betting or gambling thing. There is risk with it but the idea it that it is a managed risk based on probability and proper mathematics.
I do not encourage anyone to take up gambling and throwing money away on chance events. Betting is a mugs game and the question you have to ask yourself is. Have you ever seen a bookie riding a bicycle?
What do you need to do this systemIt would help if you had the Footy Money Maker spreadsheet to help you manage your betting bank and to set up your trades. There is a link on the site for you – footy money.com.
You might consider getting BetAngel which is not essential but can be very helpful for making trades one click quicker. There are other betting softwares out there but the best has to be BetAngel, you can try out BetAngel for free for a number of days – or get it for a month at half price.
Broadcast on UstreamMy plan is to also broadcast on Ustream on some match days, so that the users of Footy Money Maker can see what I am doing, and there will be a chat area also so we can be social about it too. We can swap plans and discuss choices for games to work with.
Keep you eye out for more bet exchange trading videos, I am testing a system now called NAC which looks interesting.
