End of journey for Aleague Martingale

Well, it's only been 38 matches long and it was really enjoyable while it lasted. 

Ended with a slight profit of $24.50. But prior to today, I had $195 more. 

I decided not to chase on the Martingale system because not only does it take a huge bankroll, it take huge emotional discipline. Betting $100 on a game knowing that if I lose I might have to bet $200 the next is not a good feeling. 

Thus, I decided to end the journey with a slight profit and that is that. 

Will still be going on my Snowball Bet though.

Match no	League	Match	Bet type	Selection	Bet amount	Odds	Win/Loss	Profit
1	A league	Newcastle Jets v Brisbane Roar	Over/under	Under 2.5	$10.00	1.95	$19.50	$9.50
2	A league	Melbourne Victory v Adelaide	Over/under	Under 2.5	$10.00	2.40	$0.00	-$10.00
3	A league	Central Coast v Western Sydney	Over/under	Under 2.5	$20.00	2.05	$41.00	$21.00
4	A league	Central Coast v Melbourne City	Over/under	Under 2.5	$10.00	2.30	$0.00	-$10.00
5	A league	Sydney Fc v Newcastle Jets	Over/under	Under 2.5	$25.00	2.10	$52.50	$27.50
6	A league	Wellington v Melbourne Victory	Over/under	Under 2.5	$10.00	2.25	$22.50	$12.50
7	A league	Western Sydney v Brisbane Roar	Over/under	Under 2.5	$15.00	1.85	$0.00	-$15.00
8	A league	Adelaide v Perth Glory	Over/under	Under 2.5	$35.00	2.05	$71.75	$36.75
9	A league	Adelaide v Sydney	Over/under	Under 2.5	$10.00	1.85	$0.00	-$10.00
10	A league	Brisbane Roar v Wellington	Over/under	Under 2.5	$25.00	2.00	$50.00	-$20.00
11	A league	Western Sydney v Melboune Victory	Over/under	Under 2.5	$45.00	1.95	$87.75	$42.75
12	A league	Perth Glory v Central Coast	Over/under	Under 2.5	$15.00	1.90	$28.50	-$15.00
13	A league	Newcastle Jets v Melbourne City	Over/under	Under 2.5	$35.00	2.05	$71.75	-$35.00
14	A league	Perth Glory v Melbourne Victory	Over/under	Under 2.5	$50.00	2.05	$102.50	$52.50
15	A league	Newcastle Jets v Adelaide	Over/under	Under 2.5	$20.00	1.95	$39.00	$19.00
16	A league	Wellington v Sydney Fc	Over/under	Under 2.5	$10.00	1.80	$18.00	$8.00
17	A league	Melbourne City v Melbourne Victory	Over/under	Under 2.5	$10.00	2.30	$23.00	-$10.00
18	A league	Peth Glory v Western Sydney	Over/under	Under 2.5	$25.00	1.80	$45.00	-$25.00
19	A league	Central Coast v Brisbane Roar	Over/under	Under 2.5	$40.00	2.05	$82.00	$42.00
20	A league	Western Sydney v Newcastle Jets	Over/under	Under 2.5	$15.00	2.10	$31.50	$16.50
21	A league	Adelaide v Wellington	Over/under	Under 2.5	$10.00	2.00	$20.00	-$10.00
22	A league	Sydney FC v Central Coast	Over/under	Under 2.5	$25.00	2.10	$52.50	-$25.00
23	A league	Melbourne Vict v Perth Glory	Over/under	Under 2.5	$40.00	2.25	$90.00	$90.00
24	A league	Brisbane Roar v Melbourne City	Over/under	Under 2.5	$10.00	2.00	$20.00	-$10.00
25	A league	Central Coast v Wellington	Over/under	Under 2.5	$25.00	2.00	$50.00	-$25.00
26	A league	Western Sydney v Adelaide	Over/under	Under 2.5	$45.00	1.90	$85.50	$40.50
27	A league	Brisbane Roar v Perth Glory	Over/under	Under 2.5	$15.00	2.00	$30.00	-$15.00
28	A league	Melbourne City v Sydney FC	Over/under	Under 2.5	$30.00	2.00	$60.00	-$30.00
29	A league	Newcastle Jets v Melbourne Victory	Over/under	Under 2.5	$50.00	2.00	$100.00	$50.00
30	A league	Central Coast v Melbourne Victory	Over/under	Under 2.5	$10.00	2.25	$22.50	-$10.00
31	A league	Sydney FC v Newcastle Jets	Over/under	Under 2.5	$20.00	2.05	$41.00	$21.00
32	A league	Melbourne City v Western Sydney	Over/under	Under 2.5	$10.00	2.15	$21.50	-$10.00
33	A league	Perth Glory v Adelaide	Over/under	Under 2.5	$25.00	1.80	$45.00	-$25.00
34	A league	Wellington v Brisbane Roar	Over/under	Under 2.5	$40.00	2.00	$80.00	$40.00
35	A league	Melbourne Vict v Brisbane Roar	Over/under	Under 2.5	$10.00	2.00	$20.00	-$10.00
36	A league	Adelaide v Central Coast	Over/under	Under 2.5	$25.00	2.35	$58.75	-$25.00
37	A league	Western Sydney v Sydney FC	Over/under	Under 2.5	$60.00	1.70	$102.00	-$60.00
38	A league	Perth Glory v Melbourne City	Over/under	Under 2.5	$100.00	2.00	$200.00	-$100.00

Compound Staking

Albert Einstein famously quoted ' Compound interest is the 8th wonder of the world'

Compound staking is a simple strategy to build your bankroll.

One simple method is to bet on your most confident pick. try to avoid odds lower than 1.20 and you would do fine.

Here is an example:

• Using $10 for first bet
• Bet on odds 1.20 and above
• Win 30 games in a row

Bet No.	Bet amount	Odds	Winnings
1	$10.00	$1.20	$12.00
2	$12.00	$1.20	$14.40
3	$14.40	$1.20	$17.28
4	$17.28	$1.20	$20.74
5	$20.74	$1.20	$24.88
6	$24.88	$1.20	$29.86
7	$29.86	$1.20	$35.83
8	$35.83	$1.20	$43.00
9	$43.00	$1.20	$51.60
10	$51.60	$1.20	$61.92
11	$61.92	$1.20	$74.30
12	$74.30	$1.20	$89.16
13	$89.16	$1.20	$106.99
14	$106.99	$1.20	$128.39
15	$128.39	$1.20	$154.07
16	$154.07	$1.20	$184.88
17	$184.88	$1.20	$221.86
18	$221.86	$1.20	$266.23
19	$266.23	$1.20	$319.48
20	$319.48	$1.20	$383.38
21	$383.38	$1.20	$460.05
22	$460.05	$1.20	$552.06
23	$552.06	$1.20	$662.47
24	$662.47	$1.20	$794.97
25	$794.97	$1.20	$953.96
26	$953.96	$1.20	$1,144.75
27	$1,144.75	$1.20	$1,373.71
28	$1,373.71	$1.20	$1,648.45
29	$1,648.45	$1.20	$1,978.14
30	$1,978.14	$1.20	$2,373.76

Now imagine if you started with $100 first bet, or betting on games higher than odds 1.20. 

you can do a similar trial on your excel sheet to find out the potential earning! 

But of course in all betting strategies, there are pros and cons

Pros

• Small capital to start with
• Potential to win HUGE

Cons

• Need to win many games in a row
• Would you dare to place a bet of  $1978, at bet no.29, when you can just cash out and take your winnings. There will be a dilemma on when to cash out.

Some strategy which I suggest

• Start with smaller goals like winning 5-10 games, and cash out. This will increase you bankroll, while you increase your stake
• Stay focus and bet on game which you are confident of winning. 
• Do not have to bet on that day, if there are no good games.
• Do not double up after losses - see Martingale

So having said that, I am also embarking on a Journey from $10 to $10,000 using this compound staking method. My record stands at 10 winning games in a row. Bet ranging from 1.20- 1.80. 

Taking a bigger risk in the middle would boost your roll tremendously following in 

And that my friend, is the power of Compound Staking.