In this section I'm going to delve into some mathematics behind my longterm consistency in producing profit from golf betting, and outline a strategy I recommend for those following my weekly picks. Many people fail to realise that picking winners isn't enough - to maintain an edge on the market, you need to have a good strategy and staking plan in place to exploit value and manage your bankroll.
I generally allocate 10 units to a full field golf event; this equates to just 4% of my bankroll. I target five or six players at certain odds (all above what I think they should be) and stake proportionally so that if any were to win or place, they would return broadly the same amount averaging out over a full season
1.5 units ew @ 30/1 would return 59.25 for a win or 12.75 for a place
1 unit ew @ 50/1 would return 64.5 for a win or 13.5 for a place
0.5 units ew @ 100/1 would return 63.5 for a win or 13.0 for a place
I tend to look at the event as a whole in a five or six v the field manner rather than each player individually. I make my picks so that just one place would return me in the range of 130%-170% of my tournament outlay (30-70% profit). This means that only one place from every two events would return approximately 75% of my yearly investment and here's where the winners come in: The places keep the bankroll ticking over while just a few winners would put you into profit for the season. Regular followers will know that in the four seasons since blog inception, Nicspicks has averaged over ten winners per season at av. odds of around 50/1.
A good staking strategy is vital to profiting from golf betting and hopefully this article will prove as a useful guide. If you enjoyed the read, please retweet to your followers on twitter and feel free to comment in below