General Betting
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advice (and its a genuine question)
advice (and its a genuine question)
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Cool - I guess a good rule of thumb is do what works for you!
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Injera you sound like a clued up customer. Some day I will be you
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injera,i like your philosophy(if i can call it that),thats an approach i think i would do well to mimic. Nice.
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Injera - do you keep building bank, or do you withdraw once a certain amount or level is attained? Combination perhaps?
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Injera makes an annual profit of approximately four pence with that system. Well done.
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Thanks for the encouragement guys!
I used to withdraw money regularly but now I compound the bank and will do so for at least another 18 months. Avocado - do you understand 'compounding'. Pick up a calculator, type in 1.04 (4%) x your starting bank and keep pressing =  |
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How much money have u made from this system so far?
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its not a system, its a staking plan. Avocado have you ever said anything positive?
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Sensible thread with some interesting comments. Avocado, your response would leave me fairly convinced that you are the least clued up person to comment so far. If you have nothing intelligent, contructive or encouraging to say, why don't you got back to the football forum and let the rest of us talk about betting
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Hi Injera, I have similar objectives.. but I never thought about NOT having a target date to reach my next 'level' .. that's actually very very useful.. will keep me from getting impatient if I'm slowing down - which eventually leads to mistakes. thanks for that!
Avacado, can you say how you calculated the 'annual' return for Injera... that's going to be some really funny mathematics! |
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Game Trader - I guess it all comes down to personal circumstances, what is the reason for betting and is there any urgency necessary.
We all want to make money quickly but I've learnt the hard way that the slower you can go, the better. When I think of all the opportunities there are to bet, time isn't such a problem to me. If I can break down my targets into small pieces then I should be ok. I guess you need a track record of success and once you know you can make money on here, it's then all down to staking and general money management. GL  |
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to reply to the OP - i think you should view this as a p/t job not a hobby if you are serious about making money long term. viewing it as a hobby can quickly turn into fun bets, chasing bets and redepositing with the excuse that "its cheaper than windsurfing" or whatever. winning requires serious patience, not always easy with events there to punt on all day every day.
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Avocado for you to mouth of is extremely rich. Keep giving out 1.2 tips that get beat so we can lay them
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Winner Winner you could be on to something there. I'll try and find another that I think will win tonight.
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Targets can be very distructive. Loose milestones can be good for confidence. It's good to know that you have moved forward some steps and do not need to panic (chase) should you go backwards. I recall Maria kept recalcuting her stake as she won, but would only re-assess hr overall position after a 30% downturn from her peak. Makes a lot of sense if you have a solid base. Go with the ebb and flow knowing that you will progress because your approach is right.
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I agree, it's good to have milestones but having daily targets and things like that seems a bit unrealistic. After all, it's not the stick market we are betting on here, it's sporting events that are subject to a high degree of variance.
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*stock market
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anyone who continually refers to an'edge' in their posts, generally won't have one. they know who they are.
me? No i don't have an edge. |
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good thread this, not the usual sarky comments which is nice to see.
to the OP, keep going, slow but sure is the way to go. targets such as (Injera's i think) levels sound more plausible that x% daily. gl |
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Best of luck whatever you do Danny, I'm like many others on here, want to make the money but not enough skill/knowledge to do so. I'd say listen to the constructive comments, be they positive or not, at least they are trying to help you in the long run. Too many folk on here want to knock you just for asking what they think is an obvious question.
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Im going to go buck the trend here and advise you not to think too much about the money management. If you really have an edge then you don't need it - a bit of common sense is all you need in order to stop you busting the bank in a few bets. Setting yourself targets and rules and percentages will only constrain you and distract you from the main objective which is to make as much money as possible out of an edge that won't last forever.
Decide how much money you are prepared to risk on it, write it off in terms of your personal finances and go for it but resolve not to top it up at any point. If you lose - end of project. |
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'Edges' seem to rarely last longer than 12 months (at least in footy) before it needs modifying /abandoning, and often far far shorter than that. Starting off with a small bank with a view to build up is pointless as by the time you start to get a decent float, the 'edge' will have disappeared, or you've died from old age. Starting with a large float (that you can't really afford) is a recipe for disaster as loses will make you question your judgement. Which is why gambling is a mugs game imo.
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