Betting my way to Russia – Matchday 1 preview I followed the Socceroos around the world to the World Cup qualification playoffs and the finals in Russia. I paid for it all with crypto I won betting on the games! See the introductory post for details.
The expenses
I paid for everything soon after the draw in December 2017. The price of Bitcoin was $15,000.
| Item | USD | m฿ |
|---|---|---|
| Flights: Home – Russia – Home | $2636 | 176 |
| Flights: Kazan – Samara | $203 | 14 |
| Flights: Samara – Sochi | $193 | 13 |
| 3 Australia game tickets | $693 | 46 |
| Accommodation Kazan | $1898 | 127 |
| Accommodation Samara | $773 | 52 |
| Accommodation Sochi | $1146 | 96 |
| Travel Insurance | $199 | 13 |
| Incidentals: $100 p/day Jun 14-28 | $1400 | 93 |
| Total | $9441 | 629 |
The bets
I will bet wherever I see the value and will also run a couple of strategies.
Bet underdogs until one wins
I will martingale to win 100 m฿ on underdogs. Martingale means my first bet will be to win 100 m฿. If that bet loses my next bet will be to win 100 m฿ + however much I lost on the first bet. This continues until I reach my stop loss, or I win a bet. If a bet wins the overall profit of the martingale will be 100 m฿, no matter how short or long the series of bets was.
Martingaling is generally good fun but a bad idea if you want long-term sustainable profits. However this is a short-term tournament and I admit, I am hoping to get lucky. Martingales can only be disastrous if you don’t have a stop loss.
There are 3 big reasons I am confident that this will be a successful strategy
- The value is usually on the underdog or the draw.
- There will be upsets. There always is. Football is low-scoring which makes results unpredictable.
- The very high odds on a lot of underdogs mean the martingale stakes will not rise too steeply. Just in the first round of games, there are odds like 10.86 on Saudi Arabia to beat Russia and 16 on Australia to beat France. Even if my bets on those teams lose, the odds are so high that my stakes will be low.
Bet draws until one happens
This is the same as the above but for draws instead of underdogs and I will martingale to win 50 m฿.
Martingale against teams that won’t win the World Cup
I am not actually doing this betting strategy but I present it for discussion.
Identify teams that you think cannot win the World Cup. You have then identified teams which you think will lose, draw or fail to advance in at least 1 game.
I think Colombia is the worst team that could actually win, so my list of eventual losers is all 21 teams that are worse than Colombia. Those are
Australia
Costa Rica
Denmark
Egypt
Iceland
Iran
Japan
Mexico
Morocco
Nigeria
Panama
Peru
Poland
Russia
Saudi Arabia
Senegal
Serbia
South Korea
Sweden
Switzerland
Tunisia
In this system you martingale against the eventual losers. The tournament structure provides a built-in stop-loss in that each team can only win 7 games.
Even in the worst-case scenario only 1 of the teams you bet against can win the tournament meaning you can still profit from all the other teams losing.
The only tricky part about this strategy is deciding what to do when 2 of your eventual losers play each other. For the 21 teams I think can’t win there are about 11 such games in the group stage.
For these games, you can continue the martingale on whichever team is the best value to bet against and suspend the martingale on the other team until their next match.
