schalke, whats it matter how much you have, your average bet seems to be 1 pound to win pennies.

Also, isn't that what these so called tipsters do, sell you tips. That's another avenue I explored but can their so called verified results be relied upon?

Bigger bank also = greater potential for loss during a tilt period. Prob why on average I'd guess larger banks have actually = larger losses overall on BF history.

How does an extra zero in the account turn a mug into a winner?

I am in a similar situation to you Guscher and I would never consider leaving money in the bank unless I have got millions and retired, you could start a small part-time business with it do a million things that can bring you a fair return in the long term.

With regards to betfair and I have been on a bit longer than you its all about discipline and expectation and targets imo,when you have 10,000 in your account what you gonna feel like winning £2.70 a day, will you try and push it, will you be satisfied with £2.70? Theoretically you will but in reality? When you lose will you chase it?

So my suggestion is I would go for a higher daily percentage and compund it too for a shorter period of time and if good enough and lucky enough you'd be amazed with the return but crucially you must STOP WHEN THE TARGET IS HIT THAT DAY AND EVERYDAY, switch the ****g thing off, if that all makes any sense!

sorry, for about your chase bets and emergency banks.

sorry, forgot about your chase bets and emergency banks.

told ya it could be done at 22:03...


yesterday 100/1 shot posted tbp = 3rd 100/1

today 100/1 winner posted.... won BFSP 68.0 ish  BF reduction applied!

Thanks for all the comment and advice, maybe I will just use 25% and give it a go anyway, trouble is 10% profit per year on that hardly seems worth it! but you have to start somewhere!

Thanks Stu, no edge, just thought the bets are so small, to try and make 10%/year it would be hard to lose it all, or am I deluded as the post heading may suggest?!!

Thanks DFC and all, I'm sure you're all right. and I have tried backing gets a bit depressing with long losing runs! think it's a bit psychological with laying as you seem to win so many, so it's a bit of a feel good factor! until the inevitable happens of course. My other system is a lay a day which is working o.k but it takes a long time to recover the losses!

Guscher if the money is important to you please don't waste it here. There is no fundamental difference between making a little bit of money and making a lot. I'm sorry to say it but if you haven't made money in the past then there's no reason at all to think you'll be profitable in the future, simply having a small target and plenty of cash won't help you win.

Despite what people say you don't lose because of greed or recklessness, you lose because of fundamental laws of maths. Those laws still apply whatever your attitude and if you don't understand that you're never going to win. 

If it's money you can afford to chuck away then go for it and see it as fun, but it won't ever be an investment.

The bottom line is that the people who make this pay never need to "invest" their savings, they just start with a tiny little bit of cash and build it. If you can't do that then you can't do it at all.

I hope you won't take offence at this - I don't mean to be rude but if your question is sincere then you deserve an honest response, so there it is.

No offence taken at all. I appreciate the advice and all the comments here, I am just surprised to learn that the general consensus seems to be that no matter how big your bank and how ever small your expected  profit you will at some point lose the entire bank, even if you are only trying to profit a few quid a day! So the only way seems to be huge knowledge/inside info? I would purchase some blue chip shares but you don't even know with those, I lost a couple of grand in Northern Rock! Just find the banks a very boring investment! but thanks anyway!

I'd say you wouldn't be losing that much Guscher (ie your bank) unless you upped stakes and chased, so fair enough it may be a risk you want to do.

But it does sound more like a hobby to you, rather than an investment. Which is also fine of course. Blimey, some do actually treat betting like a game (unlike the serious players that hover around the GB forum )

I guess betting to win small amounts with a big bank is pretty safe, as long as you don't chase. I only wish I actually had a big bank to start with!

Cheers H.J If you keep doubling up how can you lose if you have a limitless bank, you may run out of liquidity in that market, but if you kept piling it on you would get your money back in the end, isn't that why they have limits on the roulette tables?

Liquidity
Commission

And, of course, long losing runs. Which aren't common, but will happen. You try and make £2.70 by betting on 2.0 shots and doubling up every time you lose, for instance, and if you lose 11 times in a row, that's your 10K gone. Such runs will come along if you do this on a daily basis.  Bring in some sort of stop loss (say, reset the bet amount if you lose five times in a row) and you'll find yourself hitting that stop loss on a regular basis.

You have to learn to make money before you make money. You can't just turn £10K into a regular daily income simply because you have £10K.

This is taken from my other post, it's still doing well, I realize doomed to failure! but it's only profit and some fun, but I don't really want to throw away the other £10k just would like to get a bit more than the banks are offering!!

I only have one laybet a day. If it loses I have made my target profit for the day. If it wins I have lost that day but I spread that loss over the next 3 or 4 days days. I increase my odds range by 50% so that I only get a few bets on per day/or stop at one third or quarter of recovery, but with the increased odds range I should hit fewer winners & with a little luck! this will only happen a few times a month. Although I have had a bad run and it has taken me 21 days (7x3!) to recover (May). But I have made a continual monthly profit so far since January. So I'm not increasing the stake for my recovery bets but just increasing the frequency of bets per day for recovery. I know people don't agree with recovery but I don't see it as recovery as I'm not increasing the stakes. I know it's a bit boring to have only one bet a day and it wouldn't suit everyone's taste, but profit is profit! Has been going well since January with profit running at +£3000 from £30 lay bet with a 90.6 S.R. Cheers

HonkyJoe    02 Sep 14 13:10 
I don't know why people have this idea that it must be possible to go on making small amounts of money, provided you start with a substantial amount. In the long-term, you either have a strategy that sees you getting some sort of value, or you lose the lot.  How else do you expect to win? 

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This theory comes out all the time (there's a similar thread on the football forum with the same suggestions), that you cant make money with a small a bank, but if you had a large bank its very easy.

"If I had 5k I could make £100 a day with no risk" - These people should be taken to a padded room. Its no surprise they dont have 5k.

Its all a method of chasing, that if you have a few extra zero's in the account it will insulate you from a sequence of losing bets, and you can continue placing the same bets and make money.

DONT BE GREEDY .

The dripping tap fills the bucket .