Risk Management

The size of your bankroll and stake depends on your personal attitude to risk, and what percentage of your bankroll you are willing to lose during drawdowns.

"BetBold" strategy: this involves placing one daily Acca bet, and our preferred approach is to be conservative and stake approximately 1% of our bankroll per bet. Using this approach, you can find your total stake by dividing your bankroll by 100.

"Win While We Wait" strategy: this involves betting all selections as each way singles, and our preferred approach is to stake 0.5% of our bankroll E/W, for a total of 1% per bet. You can find your E/W stake by dividing your bankroll by 200.

Recommended Bet Types

While the official BetBold strategy involves placing a daily "E/W Lucky 31" bet, there are numerous options for multiple / Acca bets using the BetBold selections, or using our daily Shortlist, and we discuss these in more detail in the Bet Builder tutorials.

Compounding your bankroll

This is a method of growing your bankroll more quickly than time would normally allow. It involves increasing your stakes as your bankroll grows, which can be done per set period of time, or per set number of bets.

A £1,000 bankroll compounded at the end of each month, may look something like this:

£1000 starting bankroll = £10 stake

£1200 bankroll after month 1 = £12 stake

£1500 bankroll after month 2 = £15 stake

£1400 bankroll after month 3 = £14 stake

£1800 bankroll after month 4 = £18 stake

And so on.

An additional option is to remove your initial investment, once your bankroll has doubled in size. Although this initially slows the rate of return, it creates a risk-free investment and is therefore a wise consideration.

The Bookmaker

Placing your bets with a bookmaker offering top odds (and "best odds guaranteed", if possible) has historically produced the greatest profits levels.

The available odds are typically higher at the 10am post time than they are later in the day, and you can use a price comparison tool such as Oddschecker.com to see which firms are offering top odds, before placing your bets.

Opening accounts with a few different bookmakers, allows you to shop around and get your bets on at top odds. Many bookmakers also offer concessions such as best odds guaranteed, where you receive better odds if the start price (SP) is higher than the odds originally taken.

Some of the major bookmaker firms have been listed below, with a brief overview of their pros and cons:

Bet365 – offers Best Odds Guaranteed, a larger than average welcome bonus, and often provides better odds more than any other firm. http://bet365.com

Betfair Sportsbook – offers Best Odds Guaranteed, an average welcome bonus, and has a minimum bet guarantee feature for all customers. http://betfair.com

William Hill – offers Best Odds Guaranteed, an average welcome bonus, and has a minimum bet guarantee feature for all customers. http://williamhill.com

Skybet – offers Best Odds Guaranteed, an average welcome bonus, and has a minimum bet guarantee feature for all customers. http://skybet.com

BetVictor – offers Best Odds Guaranteed, a larger than average welcome bonus, and has a minimum bet guarantee feature for all customers. http://betvictor.com

Totesport – offers Best Odds Guaranteed and an average welcome bonus. http://totesport.com

Ladbrokes – offers Best Odds Guaranteed and a larger than average welcome bonus. http://ladbrokes.com

Coral – offers best odds guaranteed and an average welcome bonus. http://coral.com

888sport – offers Best Odds Guaranteed and an average welcome bonus. http://888sport.com

Paddy Power – offers Best Odds Guaranteed and an average welcome bonus. http://paddypower.com

BetFred – offers Best Odds Guaranteed and an average welcome bonus. http://betfred.com

Betway – offers Best Odds Guaranteed and an average welcome bonus. http://betway.com

Betting Exchanges

Although betting exchanges do not offer Acca bets, they can be used with the "Win While We Wait" strategy to place your E/W single bets. You can also place your bets at Betfair SP, if you prefer. 

Betfair - Provides the highest liquidity, and charges commission on profit starting at 2%. https://betfair.com/exchange

Betdaq - Provides average liquidity, and charges a 2% flat commission on profit. https://www.betdaq.com/

Matchbook - Provides average liquidity, and charges a commission on profit and losses starting at 1.5%. https://www.matchbook.com/

Smarkets - Provides average liquidity, and charges a commission on profit starting at 2%. https://smarkets.com/

Note: To avoid conflict of interest, we do not receive commissions from any bookmaker or betting exchange.

Note: The majority of our video tutorials show a slightly older version of the members area. If you are struggling to navigate the new members area, please watch our Navigating The Members Area Video.

Start Here >>>

This tutorial introduces you to the service, and explains how to get the most out of your membership. Please watch this before placing any bets.

Placing Your Bets

This tutorial show how to place each days Bold Bet, using an online bookmaker.

Win While We Wait

This tutorial shows you how to create a more consistent income, while we wait for larger paydays from the "BetBold" strategy.

Bet Builder - Biggest Payout

This tutorial shows you how to create your own Bold Bets with the biggest potential payout.

Bet Builder - Highest Strike Rate

This tutorial shows you how to create your own Bold Bets with the highest possible strike rate.

BetBold Testing Phase: 2024 - 2025

In June 2024 we started testing the Betbold strategy, with the aim of producing larger, potentially life-changing profits from one daily "Acca" bet.

So far, the results have been impressive although it's important to note at this stage, the strategy is still in the experimental / testing phase.

Understanding Variance

Variance is something that the majority of us overlook, because the idea that we can predict exactly how much profit we will make, in advance, is both exciting and alluring.

For example, if we can make 25 points profit per month, at £20 stakes that’s £500, which would give us an income of £6,000 per year…great!

The problem is, profits from betting don’t arrive in a linear, predictable fashion - often far from it - and this is called variance. We should therefore expect plenty of variance in the short-term, and simply accept it as a necessary part of our journey to profit.

This may not be the most exciting prospect, but it is essential to your success.

Once we understand variance, it’s clear to see that the best way to approach our betting is to treat it as a long-term investment, and the longer we stick with one particular betting service, the more we can overcome variance and ensure a substantial profit.

Looking To The Future

We plan to give BetBold a thorough test, for a minimum of 18 months. This will give us a large sample of bets and enable us to overcome short-term variance. This will give us a much more accurate picture of performance, P/L figures, and return on investment. 

We can then decide whether or not it has earned it's place in our permanent betting portfolio.

The results for BetBold are updated on a monthly basis, and can be viewed below. The first tab shows the history for BetBold, and the second tab shows the history betting as selections as E/W singles:

View results history