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Footy Money Maker Podcast

It has bee an while since I did a Wizardgold Podcast but the time is now and in this podcast I talk about the Footy Money Maker system for trading on football games in Betfair or BetDaq, which ever bet exchange you prefer. In the podcast I talk about what you have to look out for and why it is that I do not recommend the Football Cash Generator.

What do you need to look out for?

The settings of the system are so variable that you still have to know what you are doing even when you have all the information from the spreadsheet that determines what you should do .

• How much should you place on the lay bet to start the trade off? 
• Should you use the insurance bet?
• What should you do if things go wrong during the game? Do you trade out to a smaller loss or leave it to run?
• How does the implied chance of success found in the odds compare to the true percentage of the odds as found in the stats? We are talking value bet here.
• Are you getting a value bet that will really make you money long term?
• What can you do to protect your betting bank. Number one – use the Footy Money Maker instead of the Football Cash Generator.
• How can you be sure that you have chosen the correct games for this type of trading?

There are places online like soccerstats. com that has stats a plenty, get in there and use the numbers to guide you. These are all important questions you should be asking yourself before you get yourself stuck in  with the technique .

The Basics of how it works

Simple – you lay the draw at the start of the game and back the draw after the first goal goes in – to green up. So long as the favourite team scores first the odds will have changed enough that you can do the hedging bet.

Greening up is simply hedging the first bet to lock in a profit. Like I said the odds will be different – in this case higher and you bet with a different amount depending on the difference in the odds between the first and the second bet. You can do this manually so that you have the right amount by trial and error or use the Footy Money Maker spreadsheet to give you the correct amount.

Or you can use software like BetAngel where you just click on the Green up button.
I have tested the Football Cash Generator spreadsheet and it surely has some flaws, so I have constructed an improved version which I am calling the Footy Money Maker. It does the same thing but with betting bank protection dictating the size of the initial bet. This is so that you are able to continue when you hit that nil nil score line, as you certainly will at some point in time.

The Footy Money Maker also gives the you correct assessment of what percentage is your winnings in relation to the amount you risked during the trade. When you start with a bet on the lay side then the important figure is your liability and not the amount you had as a stake.
There are a lot of variables in the system set up and because of this the only way that you can say whether it is any good or not is by using it (paper trading to start with of course ) to try and work out if it will make money or not . I would advise you to give it a thorough testing with the settings you think will make you money. Refining it as you go.

You have to note that this is a trading technique and not a betting or gambling thing. There is risk with it but the idea it that it is a managed risk based on probability and proper mathematics. I do not encourage anyone to take up gambling and throwing money away on chance events. Betting is a mugs game and the question you have to ask yourself is. Have you ever seen a bookie riding a bicycle?

Have I made money with it?

I have actually used FCG with real cash and made money with it . I have to say that I realised that I was lucky with it, and didn’t hit a nil nil scoreline while I was using it.
Only now that I have created the Footy Money Maker would I again use the system for real with my hard earned cash.