no, sorry there's a question: how on earth would you lose money if you had only 8 losses and 70 wins, according to your stat? i just can't figure it out. explain please!:-0
Hi sydneysider
I will try to explain this the best I can. If you open a virtual account ( free to join) and practice this it might make it easier. I will use "want to win" 400, 900 & 2000 for the example. and if you relate this to my above results you will hopefully understand the bottom figure.
Your 1st hr bet is I "want to win" $400. The cost of this bet will be approx $210.62, your profit will be $189.38. If the bet looses you "double up" and "add some" for the 2nd hr. You will have lost the cost $210.62 if this bet looses.
Your 2nd hr bet will be "w2w" $900. The cost of this bet is $473.92.
Now, if the trade wins in this hour, you will win $900 minus the cost ($473.92) minus the cost/loss of your 1st hr bet ($210.62). Your profit will be $215.46....great. If it does not win you trade for the 3rd and final hr.
Your 3rd hr bet is, I "w2w" $2000. Your cost will be $1053.31. If this bet wins, you will win $2000 minus the cost (1053.31) minus the cost/loss of the 1st and 2nd hr bets (total of $1737.85) your profit will be $262.15....great if it wins in this hour.
However.....If the bet looses, you loose $1737.85.
It gets really confusing here....from the above 78 bets, the profit/loss depends on what bets won in the 1st, 2nd and 3rd hours because the profit is greater in the 3rd than in the 1st hr wins.
Example 70 1st hr wins = $13256.60 minus $13902.80 (8x 3 hr losses) = -$646.20 (loss)
70 3rd hr wins = $18350.5 minus $13902.80 = $4447.7 (profit)
As an example we will say all 70 won in the 2nd hr.
so....profit on a 2nd hr bet/win is $215.46, 70 x 215.46= $15082.2....sound good???
Now we have to take off the 8 loses (for the bets that went over 3 hrs)
8 x $1737.85 = 13902.8
profit $15082.2
Loss $13902.2
Total + $1180.00
BUT....it isn't as easy as is seems, all bets will NOT win in the 2nd hr (as per the example) you will see in my results above more won in the 1st hr than in the 2nd & 3rd put together which will have a major impoact on the profit, you WILL have to double up if it is to "close to call" and then cancel if it wins which costs you some profit, it may win and you have not cancelled your double up and it looses in the following hr which costs you more, you WILL have internet and/or BOM problems which don't allow you to double up/cancel...the list goes on. All is not as easy as it is made out to be.
In the example above we would have traded 70 2nd hr wins (140 hrs) plus the trades that went over 3 hrs, total 164 hrs for $1180.00, that is $7.19 per hr....wahoo!!!!
I hope this has given you a better understanding of it all, if you have any questions, just ask.
