Dutching Part IV – Using A Calculator & Basic Tools To Improve Your Method
Over the last three weeks, we've looked at how the percentages work with dutching, a quick and simple method as to how to find some qualifiers and bankroll management plus staking.
Here are the previous three articles, in case you missed them and you'll definitely need to read them for this article to make sense –
I'm going to ask a favour at the end of this article that will hopefully, allow you to see more content like this, over the next couple of weeks. Keep reading though and we'll get to that (it won't cost you anything by the way 😀 ) at the end.
Rounding things up with the Dutching, as stated above, we've covered all of the essentials but this week, I wanted to touch on how we can keep things simple, by using calculators and a bit of prep work.
Dutching, which makes up a big part of my portfolio (including trading, which is rather complicated and will be a series of articles in the future) needs to be worked out quickly, efficiently and accuretely for it to work.
I say this, because people generally, have a tendency to over-complicate things, obsess over the calculations and spend hours on researching their selections. This becomes laborious, tiresome and before you know it, all consuming.
I'll give you an example of a mate of mine. We'll call him Randy (he'll know who he is when he reads this and I'm going to get some abuse 😀 )
He runs a sucessful business in the double galzing sphere, but after he'd outsourced a lot of his labour, he was able to spend some hours a day working on his portfolio of betting.
He spent three hours a day reading up on the form, analysing the markets and back checking everything. He then spent an hour working out all of his staking, betting methods, whether that be dutching, 80/20, place only, each way, exotic bets or trading and then another 30 minutes getting his money down.
After two months, albeit making a profit, he worked out his hourly rate and it was about 3 quid an hour.
“Sod that” he thought and basically, stopped betting.
He'd managed to find a profitable angle but it was taking him far too long to execute everything.
Until, he told me the full story and we set up a portfolio for him. Now a portfolio is generally, something that involves a group of systems/selection methods, but in my world, it also involves how everything is executed.
We spent an afternoon building some excel sheets that sped up his form analysis, market analysis and then a couple of other calculators that sorted his staking out.
Within a couple of weeks, his 5 hour betting routine was cut to 90 minutes and his hourly rate went from 3 quid to 10 quid an hour. Much better and much more worth doing!
*Disclaimer – It is impossible to work out your hourly rate. This is just an average from the last couple of months for my mate, Andy…. I mean Randy 😀
So, in essence, what I'm trying to say in this article, is that “time is money” and it's worth finding the time to try and speed your analysis up, staking and betting, to really make it all worth while.
Time for that favour, I was going to ask!
Could you please leave a comment in the comments section, below and ask me some questions about anything you'd like to know about Dutching or calculating your staking, please?
That will give me some inspiration as to what to write on the topic, next week and give you guys the info you need 🙂
To round up, then, here's the calculator that I use (in excel and anyone on a Mac, it should convert to Numbers) to work out my expected losing runs. Just click on the image and you should be able to download the calculator.
Have a great week guys and I'll be back next week, with some more content that will hopefully revolve around the questions you have 🙂
Keeps me busy!