On Betfair I was thinking of backing draw no bet for the favourite at prices around 1.80, and just keep raising my stake when I lose and of course I am getting my stake refunded when the game is a draw.
Surely this is unlikely to get a long run of losses and the draw scenario is basically giving you a free shot with no loss.
So I would do something like this:
Back team A draw no bet, odds 1.80. Stake £6.40 to win £5. If win I just do same again. If it's a draw I lose nothing, and of course if other team wins I am £6.40 down, but now I do next bet to win £11.40 and so on.
I will obviously have to stop at some stage with a really bad run but my selections are usually quite good, and it's not like I am randomly selecting games.
Any thoughts about this?
Try it on paper for a month before wasting any money. If it works out go for it. The only thing which will beat you is if you go on a really horrible run which is quite likely to happen at some point.