£5 a day profit....

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

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

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.

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

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!

coach the rush of making £5 a day.

evening pistachio ,you doing well mate ?

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

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

yes all well coach. you.?

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

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 ?

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 .

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

Yes coach another year of escaping from reality.

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 ?

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.

definately mate

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.

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?

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?

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

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.

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.

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

would 5% of the bank be unreasonable ken

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

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.

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.

ha yes Rob. Merry xmas all

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

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.

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

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

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.

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.

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.

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.

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

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

Dec 28, 2013 -- 11:10AM, kenilworth wrote:

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

On a day like today you can make £5 with very little risk taking advantage of wrong prices. It's not fun and many people who post here would call it pointless and lets be honest it is a lot of work for little reward.

Lots of little amounts soon rack up.

...'with very little risk'... but not without risk, remember
if something can happen then eventually it will happen, GL take care.

Dec 28, 2013 -- 12:55PM, kenilworth wrote:

...'with very little risk'... but not without risk, rememberif something can happen then eventually it will happen, GL take care.

Why does that matter? If you take advantage of wrong prices then you you don't care if something happens or not.

[b]''Why does that matter''[/b]? If you are trying to win a certain sum
every day, it matters. you will be unsuccessful in what you are
doing.

Now you are taking the piss.

Most definitely not.

Dec 28, 2013 -- 5:41PM, kenilworth wrote:

Most definitely not.

I think you are being a little silly for arguments sake. On the off chance you are being serious you are limited to the amount of money available at the wrong price, so you pick up pennies on each market. It all adds up and you'd be very unlucky not to take over £5 a day.

there will always be an element of risk but i disagree everyone would be doing it if it WAS possible because I know I could maqke 5 quid a day  and yet i am still a loser overall because thats not what im trying to achieve, i lack dicipline, as do most on here no matter what they say.

gamblers should not be thinking in terms of 'a day' either, as there may be days there is no bet but as i said if we are talking about 5 quid the martingale system will work of your bank is big enough. I would never advise systems and i dont believe in them tbh but if u had a bank of 10k and laid every fav in horse racingeveryday until you won 5 quid more than u started the day with i imagine you would achieve this goal rather easily.

If you wanted to win more at a time then u would start to get in to the trouble.

bank size is the key, can u handle loss after loss after loss until u hit.

gl

I'm hoping that betting in "units" is the answer - bet so many units a week, hopefully make a profit, and then increase the size of the "units" rather than changing the staking or approach

Could work here as well - mind you, I'm actually punting not trading, scalping, etc and looking to make money each week - on average - rather then each day

Dec 28, 2013 -- 11:03PM, ilikewavingatbuses wrote:

there will always be an element of risk but i disagree everyone would be doing it if it WAS possible because I know I could maqke 5 quid a day  and yet i am still a loser overall because thats not what im trying to achieve, i lack dicipline, as do most on here no matter what they say.gamblers should not be thinking in terms of 'a day' either, as there may be days there is no bet but as i said if we are talking about 5 quid the martingale system will work of your bank is big enough. I would never advise systems and i dont believe in them tbh but if u had a bank of 10k and laid every fav in horse racingeveryday until you won 5 quid more than u started the day with i imagine you would achieve this goal rather easily.If you wanted to win more at a time then u would start to get in to the trouble.bank size is the key, can u handle loss after loss after loss until u hit.gl

CJ70, please explain why you think I am being silly,
also explain in detail how one would go about winning
£5 EVERY day.

It can be done.  The biggest problem, without a doubt in my mind, is chasing a loss.  Making a fiver a day for 20 days, then taking a loss of 75 on a bad bet makes a guy do silly things.

Making 2 grand a year averaging a fiver a day is really like making 4 or 5000.  Making 2 grand means you aren't losing 2 or 3,000 like I guess most people on here manage to do.  Of course I'm making some assumptions.

Unfortunately have to agree with K.....that EVERY day making a profit appears difficult if just betting not trading in respect of HORSERACING.

The losses will come some days.....even having the best system on planet.

If you just restrict your "target" profit to £5 a day ........you are not taking advantage of edge/s you possess, reaping the rewards of VALUE bets.

You have to stick to betting strategies that work well enough to grind out profit regularly enough to make over all profit. With consistent STAKING for each strategy a profit should be made IF you have sufficient edge/s within your system.

The fluctuation in PROFIT and LOSS from race to race have to be that generally when you win on a race your win amounts are far higher than the bigger loss amounts.

[b]Unfortunately have to agree with K.....[/b]

Why unfortunately?

Caught ya!

Dec 29, 2013 -- 1:59PM, kenilworth wrote:

CJ70, please explain why you think I am being silly,also explain in detail how one would go about winning £5 EVERY day.

Do you want me to put the selections up for you as well?

As above, I think you are probably trolling and I'll fall into the net on the off chance you are being serious.

If you have a market where the price is clearly wrong(50-60% of certain markets) you clear the cash at the wrong price. If you want to guarantee pennies you give it back before KO.

I'll give you an example from the weekend..
Saudia Arabia v Palestine was trading at least 10-15 pips over the true price on the overs market. The game finished 0-0.

Under 2.5 Goals    *    1.66    69.09    Back         45.77
Under 2.5 Goals    *    1.61    69.09    Lay         -42.15

Pennies, but pennies add up.

Pennies, but pennies add up.

Quite. There are say 20 horse races a day, dozens of greyhounds races, dozens of football matches, tennis, basketball, cricket, etc, etc. Each has side markets.

Just taking horse racing, £5 a day, is simply 25p a day. It's not hard at all to make £5 a day. It's a question of whether that's all you want to do, and whether you can be bothered to try make just a few pennies on a market and then move on.

Indeed. I'd even suggest you could make £5 a day offering impossible outcomes if you have live pictures although that market is saturated I would have thought.

If you have a market where the price is clearly wrong(50-60% of certain markets

Who says they are wrong?

Dec 30, 2013 -- 11:51AM, kenilworth wrote:

If you have a market where the price is clearly wrong(50-60% of certain marketsWho says they are wrong?

CJ70 obviously.......  Since you quoted him saying it.... 

I think he is kidding himself.

compounding is gorgeous

Dec 30, 2013 -- 11:51AM, kenilworth wrote:

If you have a market where the price is clearly wrong(50-60% of certain marketsWho says they are wrong?

Now I know you are being silly.

its easy as long as you have the patience...greed is not good.

Turned £50 in to just over £600 in a week backing and laying for a few ticks

Withdrew £500 and started again today

GL

turned 50 into 600 in a week ... for a few ticks here and there ..

You are doomed to fail  ..100%

@ ZEALOT

I'll win more thanI lose by doing this

The question asked was whether £5 a day could be achieved, I say it is can as long as you choose the right market and get in and out ASAP, do that over a few games/markets a day and £5 definitely achievable

For Kenilworth : Somebody out there is making a nice living on here so how do they do it in your opinion ?

For Dfcironman : I thought you had a winning system for Horseracing ? Have you given up on Football ?

I think that Football is too unpredictable to make a profit long term. I have seen some disasters on here down the years and been involved in some of it

There is potential in Horseracing but only certain types of races. Problem is I have no Discipline and funds very low!

Ernie, I don't know anyone who actually makes a ''nice''
living on here. There may be people who do, but I don't
personally know them. Do you know people who manage that?

EB - Due to a death in family in 2011, then I opted to look after 88 yo mother( then) with various health and age related problems. In 2012 then had major operation, which went well, but my energy levels have been pretty low for most of 2013. Also some technical problems that I have had to work my way around, although I'm stuck with having to manually input races in order to use system.

With personal circumstances knocking me sideways, and with low energy levels in 2013, then I have concentrated on other betting strategies for the ratings ( already had devised strategies for top 5 favourites that work well when applied to rated races) in 2013.........all the time hoping my energy levels would improve.

So now have 10 new betting strategies, from the further analysis of all rated races using the system, as well as the betting strategies for attacking the top of market.

I will be using "system" in early January with a few selective strategies that should work well in that month.

No time for FOOTBALL bets, as I don't have an edge and  will need all my time and energy to operate the system etc , as well as look after 91 yo mother!

It is all very well having devised a complicated "system" .........it is devising betting strategies that consistently "work" at different points in season for AW, TURF and NH ( mainly BACKING strategies) that exploit what the system was devised for......assisting to find VALUE bets. Analysing results for rated races , then checking out various strategies has taken years to get to this point.

The delay caused the last 3 years by personal circumstances probably has led to me being far better prepared to use the "system" with betting strategies devised the last 3 years, than if the sideway kicks had not happened..........So whilst I regret the events that have happened the last 3 years, the "system" has stood up to detailed checks carried out and I am now feeling mentally tougher, though physically may struggle a bit in my circumstances to operate the way I should be operating!   

GL all with bets/system devising and health in NEW YEAR......Cheers the nooooooooo

Soccer / Dunfermline v Rangers : Over/Under 4.5 Goals 30-Dec-13 19:45  30-Dec-13 21:40  3.33
Soccer / Belenenses v Beira-Mar : Over/Under 3.5 Goals 30-Dec-13 18:00  30-Dec-13 19:53  5.22
Soccer / Manisaspor v Bucaspor : Over/Under 3.5 Goals 30-Dec-13 18:00  30-Dec-13 19:52  1.44
Soccer / Busaiteen v Al Riffa : Over/Under 3.5 Goals 30-Dec-13 15:00  30-Dec-13 16:52  5.28
Soccer / Busaiteen v Al Riffa : Over/Under 2.5 Goals 30-Dec-13 15:00  30-Dec-13 16:52  5.23
Soccer / Al Wasl Dubai U19 v Al Jazira U19 : Over/Under 2.5 Goals 30-Dec-13 12:55  30-Dec-13 14:54  0.48
Soccer / Al Wasl Dubai U19 v Al Jazira U19 : Over/Under 3.5 Goals 30-Dec-13 12:55  30-Dec-13 14:53  7.13

Soccer: £28.11

Good luck and happy new year.

Happy New Year guys,and thanks for all the input on this topic.

DFCIRONMAN I hope 2014 is a good year for you.

I have not read the whole tread as its to long but for sure if your 5 is risked against a 50/1 shot you will last longer but eventually you will loose.If you are able to make the 5 out of movement then you can only win.

There are people who JUST play ante post markets and make alot of money doing so .I could name a few specialists but I might destroy their advantage .One is freely available who is paul jacobs.Shows a large profit from ante post .Happy new year .

there will always be an element of risk but i disagree everyone would be doing it if it WAS possible because I know I could maqke 5 quid a day  and yet i am still a loser overall because thats not what im trying to achieve, i lack dicipline, as do most on here no matter what they say.

gamblers should not be thinking in terms of 'a day' either, as there may be days there is no bet but as i said if we are talking about 5 quid the martingale system will work of your bank is big enough. I would never advise systems and i dont believe in them tbh but if u had a bank of 10k and laid every fav in horse racingeveryday until you won 5 quid more than u started the day with i imagine you would achieve this goal rather easily.

If you wanted to win more at a time then u would start to get in to the trouble.

bank size is the key, can u handle loss after loss after loss until u hit.
---------------------------------------------

10k bank to win £5 per day? Now that suggests to get even money on your £10k at level stakes, you would have to be successful with the martingale for 2000 days, or around six years. Not likely. One day you will get up and have results like the following:

Say average odds of 3.0 for favs.

Bet 1- lay 3.0 for £10 liability to win £5. lose
Bet 2- Lay 3.0 for £30 liability to win £15. lose
Bet 3- Lay 3.0 for £90 liability to win £45. lose
Bet 4- Lay 3.0 for £270 liability to win £135. lose
Bet 5- Lay 3.0 for £810 liability to win £405. lose
Bet 6- Lay 3.0 for £2530 liability to win £1215. lose
Bet 7- Lay 3.0 for £7490 liability to win £3745. lose-bankrupt