do you plan to do an experiment where you are betting on the top teams?
Probably not. The odds on the top teams are generally very low. To be profitable, you would have to invest more than double the amounts for each lost bet.
If you take a look at the odds that bookies give on Bayern Munich wins, for example, you would see that in the German Bundesliga they can be as low as 1.10-1.20. Even when they play away, I doubt they are rarely above 2.00. If you are interested in betting on the favorites, there is another approach you can take. You can set yourself a profit goal in your mind. For example, You bet on Bayern to win every single time. And whenever they win, your goal is to earn $20 per match. You can make this $200, or $2, whatever suits you.
Let's say the odds on the next Bayern match is 1.20. To earn $20 on this match, you would have to invest $100 on your bet. 100 x 1.2 = $120. If they win, you made a $20 profit. If they lose, you do the same thing for the next round, but this time you have to increase your stake to account for the $100 loss in your previous round.
To make it easier, let's make the odds 1.20 again. You can now bet $200, for example. If you win, you'll get a payout of $240. In those two rounds you invested a total of $200, and you won $240, earning yourself $40. As you can see, it's quite an expensive system to play.
I have started betting experiment #2 and when it's done, I will post the results on the forum.