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Profit to Liability %

  • Hello all,

    Similar story to those I’ve seen a few times on here already. Started over Easter weekend with £30 in the Smarkets account, made just over £20 profit from a combination of the Coral and SkyBet welcome offers. (Actual profit is currently £35 but that includes the £10 Smarkets bonus and getting lucky on a mistake on my very first qualifying bet!)

    Anyways. My question is around the strategy of maximising the profit to liability % of bets as a starting strategy at least in order to build up a balance and maintain liquidity. Is this generally a done thing/advisable/not advisable!?

    For example, I’m looking at the current offer on the snooker at Coral. The blog post for this gives an example of £5.20 profit being generated, however there’s a lay liability of £69 required to do this. This gives a profit to liability % of 7.4%.

    I’ve found a match which I’ve bet on for tomorrow, (Day vs Guodong, Guodong to win)

    Backing Guodong is 2.62 and I laid him off at 2.64. Even just extracting a conservative 60% from a free bet (I can’t seem to hit 80% in these early stages) gives a profit of £3.55, however my liability required for this is only £12.64. Despite the profit being lower, the profit to liability % for this is 28%

    For me, at least in these early days, I’d rather forego a little in the final profit in order to maintain the liquidity in the SMarkets account without having to deposit more.

    Is this generally an advisable strategy? Or as one of the main requirements would be low lay odds to maintain a low liability is there too much probability of the back bet winning and money then being stuck in the bookies? Also did I just get really lucky in finding those odds and it generally wouldn’t be worth my time trying to find odds so tight and so low to do this?

    It seems to me that aiming for a high profit to liability % in bets is a relatively logical way of slowly building up a decent bank roll, but I’m not sure if I’m missing something glaringly obvious about why this might be a bad idea?

    Apologies for the super long first post!

    Malex

    +0
    SCFCMalex
    0
    April 18, 2017 at 3:12 pm

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    FoG_BLoG 60 April 18, 2017 at 5:16 pm

    I think what you are saying makes sense. But ideally build up your float as quickly as possible so that you don’t miss out on value.

    Mostly the value comes from being able to lay off 10/1 shots etc.

    But yes, until then we make do with what we can afford.

    While your exchange balance is low you also need to be picky about what offers you do. Obviously don’t do a huge rollover offer!

    +0
    SCFCMalex 0 April 19, 2017 at 4:41 pm

    Thanks FoG!

    I’ve quickly come to the realisation that it’s false economy!

    I started with a very modest £45 and have pretty much doubled it through 3 low sign ups, but a lot of my profit is now tied up in bookmakers rather than in the exchange so still having liquidity issues. That’s expected I assume, through betting on lower odds your back bet is more likely to win.

    I’m just going to bite the bullet and deposit more into the exchange and maximise the value from some of the smaller offers before moving on to some of the bigger ones (Will save the rollovers until last when I’m a little more experienced and confident!)

    Cheers,

    Malex

    +0
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