Dear all,
For three weeks I've tested a strategy with stakes 0.01 and 0.02, which proved to be very profitable. Now, I implied higher stakes (0.17), and now it seems just to break even. Disappointing, to say the least. Anyone familiar with this phenomenon?
Profitability changes with higher stakes
Yep. Otherwise your profit would go to infinity.Xander170885 wrote: ↑Fri Feb 23, 2024 7:02 amDear all,
For three weeks I've tested a strategy with stakes 0.01 and 0.02, which proved to be very profitable. Now, I implied higher stakes (0.17), and now it seems just to break even. Disappointing, to say the least. Anyone familiar with this phenomenon?
But if you can make profit from small stakes, automate it and adapt it to more markets and youll have a pretty good little earner
You are probably profiting from a rounding error, rather than the strategy itself on those stakes.Xander170885 wrote: ↑Fri Feb 23, 2024 7:02 amDear all,
For three weeks I've tested a strategy with stakes 0.01 and 0.02, which proved to be very profitable. Now, I implied higher stakes (0.17), and now it seems just to break even. Disappointing, to say the least. Anyone familiar with this phenomenon?
Betfair don't let people bet such small amounts typically, so you could end up with a rap across the knuckles if you continue on small stakes.
It is most likely variance. How many 1c bets did you have, with what ROI, and at what average price? How many 17c bets did you have, with what ROI, and at what average price?Xander170885 wrote: ↑Fri Feb 23, 2024 7:02 amDear all,
For three weeks I've tested a strategy with stakes 0.01 and 0.02, which proved to be very profitable. Now, I implied higher stakes (0.17), and now it seems just to break even. Disappointing, to say the least. Anyone familiar with this phenomenon?