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£5 a day profit....

G Hall

22 Dec 13 20:58

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Date Joined: 26 Feb 06

| Topic/replies: 12,251 | Blogger: G Hall's blog

equates to approximately 2K per year. A paltry sum for many,but I wonder how many make 2k per annum on here.

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Replies: 75

By:

pistachio When: 22 Dec 13 21:06

to make £5 a day sounds easy but takes a bit of time and discipline.

By:

G Hall When: 22 Dec 13 21:23

It is extremely easy,but a lot can't sorry don't do it,because of a lack of discipline.

By:

Darlo Bantam When: 22 Dec 13 22:00

Agree totally re the discipline. Most people won't have the patience or wherewithall to continually chip away getting just £5 or so a day. And to be fair many won't find it exciting enough. It's the different personalities of people that help an exchange work.

By:

Coachbuster When: 22 Dec 13 23:27

yep,betting is all about excitement and the gamble for most

if you don't have that adrenalin rush then you may as well get a job stuffing teddy bears for a living

By:

henok When: 22 Dec 13 23:48

making 5 a day is extremely difficult. anyone who thinks so is a mug, i would say! if you can make 5 a day there is no reason that you can not make 50 or 500 a day, it is only a case of when!

By:

pistachio When: 23 Dec 13 00:09

coach the rush of making £5 a day.

By:

Coachbuster When: 23 Dec 13 00:13

evening pistachio ,you doing well mate ?

henok - yep,scaling up ..as long as the markets are busy enough

By:

pistachio When: 23 Dec 13 00:14

Coach you would have a rush if getting paid 100k for stuffing teddy bears.

By:

pistachio When: 23 Dec 13 00:15

yes all well coach. you.?

By:

Coachbuster When: 23 Dec 13 00:17

probably not pistachio ,but i'd be a happy bunny i guess all the same

the rush is something that draws us here more than the profits i believe - even during poor spells i still get the buzz i wouldn't get going to work -

maybe it's in the blood

By:

Coachbuster When: 23 Dec 13 00:20

yeah ,not bad pistachio - had a decent end to the year and a few close calls -only did 40 weeks ,so a lot of catching up to do ,and a terrrible start to the year too -not to mention the racing

still, managed to hold on ,and so another year is survived on the betting front

hope you have a good Xmas ,you Canarying ?

By:

pistachio When: 23 Dec 13 00:21

Dont mention blood to me coach cause i nearly died

recovering ok though thankfully.Yes i get some satisfaction of riding through the bad spells .

By:

pistachio When: 23 Dec 13 00:22

yes you have a good xmas too. Hope to be canarying soon depends on what doc says about flying.

By:

pistachio When: 23 Dec 13 00:24

Yes coach another year of escaping from reality.

By:

Coachbuster When: 23 Dec 13 00:25

yes a winning year for you in more than one way mate - hope your health is good for the long term pistach

will you still be around on here do you think ?

By:

pistachio When: 23 Dec 13 00:30

Thanx coach yes as long as betfair keep paying my wages

If you decide to leave coach let me know and we;ll have a pint.

By:

Coachbuster When: 23 Dec 13 00:49

definately mate

By:

Darlo Bantam When: 23 Dec 13 00:57

Dec 22, 2013 -- 11:48PM, henok wrote:

making 5 a day is extremely difficult. anyone who thinks so is a mug, i would say! if you can make 5 a day there is no reason that you can not make 50 or 500 a day, it is only a case of when!

To some extent true, to some extent complete and utter bs.

Depends how, where and when you're making £5. Far harder to turn a few pennies scalping over an exposure of at most five seconds, into several pounds; than say making £5 with +EV to turning that into £50.

By:

U.A. When: 23 Dec 13 00:58

People don't do it because of poor discipline, people don't do it because of time management. Yes it is technically easy to do, but how easy is it to do at a decent hourly rate.

How long would it honestly take you to earn £5 each and every day. Minutes or hours?

By:

kenilworth When: 24 Dec 13 09:36

Possible to make 2k in a year but not at £5 a day, that is not
possible IMO. For a start it would require 100% strike rate and
even 1.01's gets beat and what comes next when one arrives?

By:

bunneh When: 24 Dec 13 10:11

Is this thread serious? Are people really struggling to make 5 pound everyday ??

By:

CJ70 When: 24 Dec 13 10:43

Dec 24, 2013 -- 9:36AM, kenilworth wrote:

Possible to make 2k in a year but not at £5 a day, that is notpossible IMO. For a start it would require 100% strike rate andeven 1.01's gets beat and what comes next when one arrives?

You can make £5 a day pre-off with very little risk most days. Saying that you'd struggle to do it on the football with the offerings today.

By:

G Hall When: 24 Dec 13 11:22

Some misunderstanding here,£5 a day is overall daily profit,including winners and losers,and I would imagine a high percentage of people on here lose money each year,but I don't have percentage figures,but obviously not everyone wins.

2K a year would be a godsend to the losers.To be exact it is £5.50 a day that is required to achieve it, but a fiver illustrates the point well enough.

£14 a day over ten years equates to 50K,a not inconsiderable sum.

By:

kenilworth When: 24 Dec 13 12:17

How much would anyone be prepared to lose on the day(days)
when everything goes wrong?

By:

G Hall When: 24 Dec 13 15:01

would 5% of the bank be unreasonable ken

By:

kavvie When: 24 Dec 13 15:26

if you can amke a day why not make 50 a day?..25000 a year sounds better?..its as easy or as hard either way

By:

Thin and Crispy When: 24 Dec 13 18:01

Scaling up from an average profit of £5 a day is very difficult, if it was easy everyone would be doing it because someone has to lose for the winners to win.

By:

Rob_The_Bantam When: 24 Dec 13 21:57

if you can make 5 a day there is no reason that you can not make 50 or 500 a day, it is only a case of when!

Easy enough to get a couple of quid on at prices that are wrong. Much more difficult to get chunky bets on. So you're talking shyte IMO.

Merry Christmas one and all.

By:

pistachio When: 24 Dec 13 23:14

ha yes Rob. Merry xmas all

By:

Coachbuster When: 25 Dec 13 12:58

if you can make fiver a day consistently (which takes some doing ,and few folk would manage it without a long term stategy ) you should be able to scale up to make £30 a day imho -thats what i found in the early days anyway

over that and it becomes a lot more challenging

By:

pistachio When: 25 Dec 13 13:07

Merry xmas Coach. And all the best for 2014 Scaling up does take some doing. Southcoast and investor seem to have managed it very well.

By:

kenilworth When: 25 Dec 13 19:01

GH, how much could you lose in your first bet, trying to win
a fiver?

By:

Coachbuster When: 26 Dec 13 20:07

great new year to you too pistachio - hope all goes well health wise too

By:

G Hall When: 27 Dec 13 14:40

Ken

I would be looking at betting in the range from 3/1 down to 1/4 approximately.I would be comfortable trying to win 2% daily of my bank,in that price range.

I am not suggesting trying to win 5 with the first bet,eg if the first bet is 1/3 I would be looking at say 6 to win 2 etc,or 5 to win 1.65 that sort of thing.

I am looking at suggestions that will enable me to achieve long term profits,so that maybe after 2/3 years I can take 40/50K per annum.However the strategy will be the same as if I was trying to win £5 per day.

By:

kenilworth When: 27 Dec 13 15:01

GH, even betting to win parts of £5 can go wrong, 1/3 chances get beaten
every day, and after backing, say a 1/3 loser you would then be faced
with perhaps £15 + £5 (£20) and so on...
I guess it is possible to win an average of £5 per day but there will be
days when things go badly wrong, then decisions have to be made, it wouldn't be
for me. GL.

By:

G Hall When: 27 Dec 13 17:05

Well I am not talking about a martingale type strategy,and just looking back at my posts,I should have said an AVERAGEof £5 a day,as it is extremely difficult to avoid occassional losing day/s.

A losing bet would not usually be recouped on the next bet,but again over a few bets,provided DISCIPLINE can be maintained.

By:

Darlo Bantam When: 27 Dec 13 22:19

Dec 27, 2013 -- 3:01PM, kenilworth wrote:

GH, even betting to win parts of £5 can go wrong, 1/3 chances get beaten every day, and after backing, say a 1/3 loser you would then be faced with perhaps £15 + £5 (£20) and so on...I guess it is possible to win an average of £5 per day but there will bedays when things go badly wrong, then decisions have to be made, it wouldn't befor me. GL.

It's so very easy to think this is a complete piss take post. It sounds like you're suggesting it's not possible to make £5 a day.

By:

ilikewavingatbuses When: 28 Dec 13 02:22

discipline + appropriate bank + level stake would get £5 a day no problem, still reckon few can do it.

The martingale system would work for this i reckon, just lay every fav until u win it, a £1000 would do it.

youll get fed up tho, its not fun.

gl tho

By:

kenilworth When: 28 Dec 13 11:10

It's possible to make £5 a day on average but not cast iron certain,
otherwise everyone would do it.