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master of multys 04 Jan 15:20
i dont understand why making 1k from 100k is any more difficult then making £1 from £100..... Most people won't effectively be able to use a large bank. If you compound your winnings, letting your bank grow, you'll see that the daily % gains will start to drop. If you become a successful gambler/trader, you'll need to find your optimum bank size. For instance do you prefer making £50k per year using a £50k bank, or £70k per year using a £100k or £80k per year using a £200k bank. Don't pay any attention to the actual figures, it's just the idea of diminishing returns that's important. People making similar figures with a much smaller bank will still face the same problems. The rate of decrease will vary based on an individuals approach. To approach the question another way: I'm sure you'll understand why making £100k from £10M is more difficult than making £1 from 100. It makes sense that everything in between will be easier than making £100k from £10M and more difficult than making £1 from 100. With a small bank you can select only the most profitable opportunities. With a (very) large bank, the focus shifts from finding the best value bets to finding any value bets and putting all your money to work. Of course the rate of increase will go down. |
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Agree with the points made by The Investor and would like to add one more point to that. (It could be in there between the lines by implication, but I'll say it anyway)
When your bank builds up to larger amount you need to acclimatise to staking larger amounts. Say you lay out 5% of your bank spread over 5 bets. £100 - £1 bets (no problem) £1,000 - £10 bets (cool) £10,000 - £100 bets (starting to get edgy now, lets not forget £100 is £100 no matter how you look at it). £100,000 - £1000 bets (you telling me this won't make you feel ouch if one loses???) |
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fair points, not looking to do this full-time but as of right now just like some bonus money for going on holiday and then for traveling in a couple years
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at first, yes.
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1% of 100 is the same as 1% 1000 its still 1% of your bank.
dont be put off,your on the right road m8. would you be under pressure risking 1k of course you would but it would be nice to get to that point,you cant compound forever we are not stupid we all know this,there is a withdraw button dont forget. |
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ibrox 04 Jan 19:00
1% of 100 is the same as 1% 1000 its still 1% of your bank. thats what iv been thinking, its all about psychology and you need the balls, but as some people have mentioned PC and getting some of your bets matched in smaller markets could become an issue as your bank grows |
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Just spotted that, can be well done by trading... have no problems to get to 0.3-0.6 % per day trading unders/overs markets, only problem for me is that I'm still getting greedy and place stupid bets and often can't cope with a 1.5% loss when a trade goes tits up, I red out and then chase and lose :(
But will work on that this year :) You also could find a 1.06 - 1.10 shot every day going in 10% of your bank, might try this also with part of my wallet on here. Good luck whatever you're trying! |
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gurk you are spot on m8,
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lost 2% of bank today on horses trading i/r
won 4.3% on horses trading i/r I dont play with a massive bank but i dont need to,my target is to double my bank every month and withdraw and start again,if i need to reload i do and have, but i withdraw more than i reload and thats what its all about. |
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The secret is to keep withdrawing and then using other peoples money as the war chest. The hits somehow dont hurt as much.
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