New Posts For Thread: Should you have a target bank to aim forhttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-forSeen many staking plans, say you should increase by 1% etc per day or per bet.Do you think it's better to have a target bank amount running along side your actual bank, so you know that you are above or below it.Or does this encourage chasing, or oveI really only read this forum now in the hope of occasionally coming across a little gem such as darkside's post.Thank you, whoever you are, for lighting up my day.https://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512635343#512635343I really only read this forum now in the hope of occasionally coming across a little gem such as darkside's post.Thank you, whoever you are, for lighting up my day.Tue, 15 Nov 2011 15:58:39 -0600Yeah that's right cat, it's also the case that if things are going well, I tend to think more about things like improving software, hardware, planning and other longer term stuff. If things are going poorly, I think more about making money right now,https://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512625671#512625671Yeah that's right cat, it's also the case that if things are going well, I tend to think more about things like improving software, hardware, planning and other longer term stuff. If things are going poorly, I think more about making money right now,Tue, 15 Nov 2011 12:36:28 -0600i set a target not to lose more than £1000 a weekhttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512625183#512625183i set a target not to lose more than £1000 a weekTue, 15 Nov 2011 12:24:26 -0600I set a target. Been on Betfair since the start and fairly consistently make 1-2% profit on turnover per year. Increasing turnover should increase my profits but it has to be done wisely so that a) there is little danger of my bank being wiped out orhttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512610145#512610145I set a target. Been on Betfair since the start and fairly consistently make 1-2% profit on turnover per year. Increasing turnover should increase my profits but it has to be done wisely so that a) there is little danger of my bank being wiped out orTue, 15 Nov 2011 04:26:13 -0600Can have a target for a year but short term targets in gambling are ridiculous. I am to at least double my bank every year but really I don't look at it any stage thinking I'm ahead or behind schedule. If there's a month left of my season and i'm nowhttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512609305#512609305Can have a target for a year but short term targets in gambling are ridiculous. I am to at least double my bank every year but really I don't look at it any stage thinking I'm ahead or behind schedule. If there's a month left of my season and i'm nowTue, 15 Nov 2011 03:27:17 -0600I see, so you would play the low level events until you make enough to be lazy again? I hadnt thought of that. It does make sense, in some cases, to reduce your effort based on results - in fact i do it myself.https://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512607725#512607725I see, so you would play the low level events until you make enough to be lazy again? I hadnt thought of that. It does make sense, in some cases, to reduce your effort based on results - in fact i do it myself.Tue, 15 Nov 2011 01:20:08 -0600catflaqpoDate Joined: 11 Nov 11Add contact | Send messageWhen: 14 Nov 11 23:56Joined:Date Joined: 11 Nov 11| Topic/replies: 16 | Blogger: catflaqpo's blogIt's pretty pointless to set a profit based target because your profits are determined by the ohttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512603819#512603819catflaqpoDate Joined: 11 Nov 11Add contact | Send messageWhen: 14 Nov 11 23:56Joined:Date Joined: 11 Nov 11| Topic/replies: 16 | Blogger: catflaqpo's blogIt's pretty pointless to set a profit based target because your profits are determined by the oMon, 14 Nov 2011 21:10:32 -0600But I'll add some more.Properpunter, obviously you want to make money and not lose it, so you need to monitor very closely your daily/weekly/monthly results to determine where you have an edge (or not). Like Cat says, you can't control outcomes of evhttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512600181#512600181But I'll add some more.Properpunter, obviously you want to make money and not lose it, so you need to monitor very closely your daily/weekly/monthly results to determine where you have an edge (or not). Like Cat says, you can't control outcomes of evMon, 14 Nov 2011 18:49:01 -0600no no and thrice noThere are no guarantees even if you have an edge.https://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512600009#512600009no no and thrice noThere are no guarantees even if you have an edge.Mon, 14 Nov 2011 18:43:44 -0600Catflippo you've nicked my post, so I'll just say...nohttps://community.betfair.com/general_betting/go/thread/view/94082/28685795/should-you-have-a-target-bank-to-aim-for?post_id=512599733#512599733Catflippo you've nicked my post, so I'll just say...noMon, 14 Nov 2011 18:36:02 -0600