Hey guys,
I am part of SmashTheBookie, a small group of friends pooling money together in sport bets. We all screwed up in the past by playing individually and now we have teamed up for over 2 years and bet on sports as a small syndicate (team) ever since.
We also have a smashthebookie thread in gambling discussion and we have a giveaway thread in the games and round section also.
This thread will only be a reference to show how we bet and results we make. Of course I will not guarantee any profits but by playing system bets and pool bets you can decrease the variance cause you do not loose entirely when 1 of your picks is wrong.
So this thread will be some kind of journal to keep track of this account progress.
Account details·Starting bankroll is 600€
·Betting platform is
Betfair.com ·Betting types
pool betting and
system bettingWhat is pool betting?Pool betting is some kind of lottery kind sport betting. A pool bet gives you predetermined picks to choose from. You have to pick 1x2, under/over, both teams to score, correct score,... depending on the pool that is offered by the platform.
Every pool has a guaranteed prize pool just like in lotteries. And payouts are a little similar as well. Jackpot is shared amongst all the winners and just like in lotteries, the less winners the more you can win.
The reason why we play pool bets is because you can win massive jackpots for smaller amounts. For as less as 2€ you can participate in jackpots up to 1,000,000€ in the weekly pick 6.
In the picture you see a couple pool bets we participated I the previous months.
What are system bets?System bets are a way of betting on multiple different games and still have the opportunity to make profit or get break even, even when 1 or 2 games are wrong.
The most common system bet we play are
Super Heinz or Goliath bets.
A Goliath bet consists out of 8 different games. By choosing the goliath system the system creates a ticket with every possible double up to 8-fold bet. So if you put up a goliath bet you will actually have 247 different bets. And from the moment 2 games are correct you are already making returns. Even in some cases you will get break even, even when 3 picks are wrong.
Reason why we play system bets is to decrease the variance. Everyone knows that playing parlays often results in a 1 bet loss. When you get 1 leg wrong in a parlay the entire ticket is lost. But a system bet is also some kind of parlay but this one keeps making money even when 1-2-3 selections are wrong.
Check below for examples. You see 1 or 2 selections were wrong in this system bets. In a normal parlay you would have lost the entire ticket but as you see because of using system bets we still were able to make profits. Profits made with 1 or 2 wrong selections aren't that big but at least a profit was made and not the entire ticket got lost. So by doing system bets you can keep a better control on your bankroll and decrease variance.
Examples of system bets that were profitable even with 1 or 2 selections wrong.
So lets give this a try. As told above the starting bankroll is 600€ and lets see where it will bring us.
If someone is interested in joining our group after seeing some results just go to our smashthebookie thread or our thread in games and rounds. We always are willing to welcome new members to our 'syndicate'.