Money Management for Single Bets

Betting Strategy of Randy
Money Management for Single Bets - Betting Strategy of Randy
Here is my betting strategy:

1) You have got 20 (theoretical) £1-coins in a line: (11111 11111 11111 11111)

2) You take a single bet with a £2-stake (by taking £1 from the beginning of your coins line and £1 from the end 1+1=2)

3) If you win, you take those £1-coins you have staken, aside. If you lose, put the two at the end of the coins line and further £2 as a stack at the very end.

e.g.
11111 11111 11111 11111 - stake £2
Result win
New value: 1111 11111 11111 1111 - again stake £2
Result loss
New value: 111 11111 11111 111 112 - this time stake 2+1 =3
Result loss
New value: 11 11111 11111 111 11123 - stake 3+1 = 4
Result win
New value: 1 11111 11111 111 1112
...

As you see from the example, when your pick is not true you should add 2, 3, 4, 5 each time.

I tried a lot of bets with this technique. The best result I had was: Succesful picks: around 60% and Avg Odds: 1.60 Avg of stake 24, Won 14.91

I tried it at 5 bookmakers with £20 starting bank each:
bet365, betvictor, betway, sportingbet, coral.
My worst record at Bet365 was around £28 after 100 picks (+8.00 profit) and best record at betway with £67 after 150 picks (+£47 profit).