Reversing fortunes

Another nice winner for JC in the shape of a reverse forecast at Southwell. Other than that, a quiet day again. The weather is playing havoc with the racing fixtures so not many bets to start the year.

I mentioned a while ago that I was planning on adding a service to the portfolio to take it up to up a nice round 10. After a good deal of consideration, I have decided to add Simple Bet to the portfolio. They are a little-heard of service but have delivered good profits over two years, at an ROI of around 25%. They seem to rely primarily on information, but it does seem to be fairly trustworthy information based on their results. I am happy that they are kocher and feel comfortable to start them off at £20/point on a 50-point bank and to see how we get on.

At the same time, I will be reducing the golf services staking, which is something I also mentioned I wanted to do a while ago. Although they are good services, I feel that there is not the same potential to build banks as in football and horse-racing. Realistically you need a 100-200 point bank, and even in a good year you would probably only just about double the bank. You only have two tournaments per week to bet on normally, compared to hundreds of horse racing and football fixtures.

I will therefore be reducing Keith Elliott to £10/point and Dave Tindall to £15/point. Keith often puts up 3 or 2-point each way bets, so I think reducing it to £10 actually brings it in line with the others. I will reduce Dave Tindall slightly from £20/point as he has had a quiet time of it lately and considering he usually tips 10 points per week, £20/point equals £200 per tournament. Staking for Birdie Golf is much lower, with often only one player per tournament, so I am happy to keep staking at £20/point for Roger.

I have my eye on another couple of services, which I may add to the portfolio in time. One is a tennis service and the other is a new promising horse racing tipster.

I have spent considerable time weighing up the changes to the portfolio but feel they are worthwhile making and will result in better results long-term.

Results for 02.01.10

Tipping Legends
3.05 Sou- Once Upon a Time - 2pts win @ 3/1 LOST -£60

3.05 Sou - Once Upon a Time & Charles Parnell 0.5 rev forecast WON £295

Horse Betting Index
1.05 Lingfield ABHAR 3PT WIN @ 4/1 LOST -£75
12.55 Southwell HITS ONLY JUDE 1PT WIN @ 6/1 LOST -£25
2.0 Southwell HAKA DANCER 1PT WIN @ 10/1 LOST -£25

Pricewise Extra
Vast Consumption - 1pt win @ 6/1 LOST -£50

TOTAL FOR 02.01.10: £60