0.6% per day for 30months, doable?

only by loan sharks

yes

got some spare cash, going traveling in a couple years, just playing around with excel and 0.6% a day from 1k will pay £165k+ in 900days

sounds great in theory

just 1 loss will send most spinning and chasing. can only lead to another big loss

not if you see the bigger picture and only use a max stake of 5%

why not 0.7%?

because im not greedy

that 5% steak can be lost

what next?

lower your final target? gamblers just dont work like that

good luck if you can be that disciplined

i find having multiple banks with multiple targets/challenges will (if successful) will discourage any chasing

will you b backing or laying to reach your 0.6%

master of multys 03 Jan 16:44
because im not greedy

:D

better make it 0.5% then just to be safe ;)

ironically i just lowered it to 0.05% but with a bank of 2k and it still pays £140k

ibrox 03 Jan 16:54
will you b backing or laying to reach your 0.6%

doing research on games which look to be unders and greening out mainly

why not just ask daddy for 100k?

why must every thread i post on you resort to chidish slurs you **g wh0ring douche bag

Even 0.1 is not possible.

Even if you find some sort of edge that will give you a consistent return, how on earth do you think you are going to get your £100k+ matched towards the end of the 30 month period?

The reality is that if you do have an edge on here, you will find that it is pretty easy to make returns of much more than 1% per day, but on relatively small sums (under £5k), but very difficult to scale these activities up.

..... well 5% of 100k is only 5k so i wouldnt need to get 100k matched but i see your point

33% favs win thats 33% that trade shorter.
70% favs place which usually means trade shorter
so why not back to lay fav,get the maths right and you may be on a winner.

0.06% and risking less

got some spare cash, going traveling in a couple years, just playing around with excel and 0.6% a day from 1k will pay £165k+ in 900days

If you only use 5% of the bank each time, then you obviously won't get to £165k as you claim.

Sorry, ignore that last comment. For some reason I assumed you meant 0.6% / day of stake (not bank).

you are forgiven..............this time ;)

master of multys 03 Jan 16:15
got some spare cash, going traveling in a couple years, just playing around with excel and 0.6% a day from 1k will pay £165k+ in 900days

I think your math is off there. 1000*1.006^900= 217862.58


My average since June 2006 is 0.3% per active day.

investor i took into consideration 5% commission, out of interest what is the size of your bank as of right now?

master of multys 03 Jan 19:00
investor i took into consideration 5% commission, out of interest what is the size of your bank as of right now?

Oh ok. It's only 5% if you win every bet though. And even then you'll be paying 20%+ because of PC!

Quite big ;)

yeah as you made your 1st post i thought if i got to 'x' amount premium charges will have o be taken into account to sadly

LOL investor "quite big" haha good answer

how do u plan on recouping losses?? staking plan?

master of multys 03 Jan 17:04
why must every thread i post on you resort to chidish slurs you **g wh0ring douche bag

:D

you used your whole forum bank on that post :0

For me its doable in 3 months

for you

its undoable

easily doable for first month etc... it is when you have a larger bank and trying to adjust to achieving 0.6% of the larger balance

in terms of compounding there is a big difference between 0.5% and 0.7% you should check it you'll be amazed

and of course this percentages can be much bigger in the beginning but as they get bigger the market itself will correct your greed or your daily percentage objectives, thats why when amounts at risk pass a certain point people usually turn to stock or currency exchanges, this is the little league compared to those exchanges

i dont understand why making 1k from 100k is any more difficult then making £1 from £100.....

master of multys 04 Jan 15:20


i dont understand why making 1k from 100k is any more difficult then making £1 from £100.....

Then I don't think you can have a very carefully thought out betting strategy.

The only way you can make consistent profits on here is to find value bets. And, unfortunately, the amount of these that you can find is strictly limited. - I could show you - for just about any in-running football match trading on here - how to use £500 to make, say, a 3% return, because at some point in the game, bets will appear on the exchange that represent good enough value. But to make the same percentage return with, say, £5000 would only be possible on certain high liquidity games.

To think that you could make any kind of profit everyday for 900 days running would be somewhat optimistic.

Wishing you the very best of luck!

DREAMER

DaveEdwards 04 Jan 16:04
To think that you could make any kind of profit everyday for 900 day


i dont really m8 just saw the rewards from making such a small amount daily could result in a large amount....

PIP99 04 Jan 16:06
DREAMER


great contribution, you sound like a degenerate gambler

OK mate, I wasn't really taking the p... well maybe a little bit!

It is good to have a goal to work towards. First thing you need to do is find an edge. You'll only do that by doing your homework. Don't be afraid to read book after book after book, test idea after idea after idea. As someone said somewhere or another if you discover something that you think looks good and it turns out to be rubbish, at least you've learned something to drop and concentrate elsewhere. Whatever your area of interest get on Amazon and order books on the subject (or get them at the library, you'd be surprised what they can get for you). See what other people are up to. If you like what you read investigate it. If you don't just discard it. Good luck.

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.

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???)

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

at first, yes.

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.

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

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!

gurk you are spot on m8,

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.

The secret is to keep withdrawing and then using other peoples money as the war chest. The hits somehow dont hurt as much.