Start Bank 1K

backing or laying ?

Laying and thanks for replying to the thread.

A  good  wee  exercise....the  1K  becomes  10  pts  at  100  per  bet...target  is  10 pts  profit...i.e  doubling  the  bank

   LAYs..

2.10 Mercers Court   2.40 Ravens Tower

...thats  100  LAY staked  on  each,  no  bet  if  price  is  over  5.0....

Sofar  so  good...next  two..

3.50 Big  Baz  4.40 Ready  Token     ..

..last 2  both  WON!....EVENING  SELECTTIONS...

6.40 Key On Kodiac  6.50 Giantstepahead  7.20 Nidnod  7.40 Snow Cloud  8.40 Baadi  9.20 Foxy Forever

    ....itss  the  level  stake  result  that  matters....

lay to lose 5% of bank on each selection .

So are you saying to lay 5% of the bank regardless of prices.

* to lose maximum of 5%

...finish  all  level  yesterday,  todays  selections..

1.40 Felice  2.0 Cotton Camera 2.10 My Anchor  2.40 Justice Belle  2.50 Dark Profit  3.10 Artesana 
 
  3.50 Light Break 4.10 Sixties Sue  4.20 Oratorios Joy  4.50 Sams Warrior...

                  thats  all  for  now....

..not  much  joy  again....not  have  time  to  post  anymore....last  selection  for  tonight  is  a  back  bet  for  6.45 Azhar + Gwendolyn.......1pt on  each  to  WIN....

GF
What do you know? What do you want to bet on?

Good evening and thanks for the replies.I am pretty ok on horses and study the markets on football as well.

I like to mostly place back horses and also back in running on footy.

hard game

Is there an easy one zealot

To make an average industrial wage say 20-25K per annum what size bank would be required.

You may as well have asked, "How long is a piece of string".  How much money you need to meet your goals is going to be dependent upon the size of your edge and whether your methods are scalable.

To win 20k in a single year on here - id say you would need to turnover somewhere in the region of BETWEEN

800K - 1 MILLION

^

Thanks for your input zealot,but a squillion to win 20K I might as well pack it in.

bottom line 3% seems reasonable

50 point bank, 5 points a month profit..double your bank every 1o months..easy with the correct selections

you will NEVER double your bank EVERY 10 months ----

in 10 years

1K would have grown to £4,096,000


Sorry but everybody would be doing it .

I have been thinking about this,and obviously what you state in your last post zealot is a sobering thought.

I am leaning towards a strategy that entails modest monthly profits.

In the course of any given month when/if a profit of 250 is made,that amount is withdrawn.Then for the remainder of the month I will operate from a bank of 50,if the 50 is lost a profit of 200 is still guaranteed,if more success has been achieved then the resulting profit is withdrawn at the end of the month.

To be realistic when working from a bank of 50,I would not expect to accrue much more to add to the 250,so an average profit in the region of 250 is what I shall seek.

It may well be a flawed strategy, and if successful will amount to only 3K per annum,but I think it may be my best chance to be successful on here.

so have I got this right , you want to turn a measly £50 into 3k by the end of the year ??????

What planet are you living on mate ??

No zealot,that is not the way.The start bank is 1K,and I will try and win 250 per month from that bank,and then risk only 50 for the rest of the month,(which providing I can get 250)guarantees a monthly profit of 200.

240% yield better than Homes Under The Hammer

Equates to about 8/9 squid a day off a bank of 1K which seems achieveable.

oh right . Still seems too high . Just take it easy and try and increase bank by 50% per year . Remember keep your liabilities low because these inevitable losing runs have caught the very best out over the years . They only look at the percentage profit the strategy may bring but are not ready for the roller coaster ride .

THE DRIPPING TAP EVENTUALLY  FILLS THE BUCKET .

fleece...it appears you're a goldfish about to be dropped into a swimming pools full of hungry great whites.

stop before you fail.

roida

an interesting analogy if you judge a goldfish on its ability to climb a tree,it is going to spend the rest of its life thinking it is stupid.

Where to from here then,stop before I start?

GF
Good luck, hope you can do it. You intend to make 25% of your bank every month and increase bank by 300% over the year.

Have you started betting?  If so how are you getting on?

he lost it month on

NAP

Charlie

I started at the beginning of the month and have made a profit of 120 which has been withdrawn.I had got up to 225 at one stage but then lost 105 over a few days so decided to bank the profit,and shut up shop for the month.

I will start again on July 1st, next Wednesday.I have had time to ponder and clear my head,since I withdrew the money and also because the month has been profitable it helps confidence as well.

It has also given me plenty of time to read and laugh at sir bonds threads,some classic comedy in them.

GF
Well done. Glad to see that you're not being too rigid with your idea. It was an ambitious target you set yourself. Don't forget to consider what you will do if you go in the red.

I wouldn't get upset over people knocking you, there will be a lot of them.

One problem is my bank hasn't grown I will still start with 1K on first of July,so that is something I must look at,and also I am possibly missing opportunities by currently waiting until then as well.

There is a long way for me to go,but I am glad to have started with a profit.

You can't give yourself targets.  Some days there will be three opportunities for example, then you could go days without seeing one.  The only way to win is to obtain value , stay patient.  Over the very long term you will see whether you are obtaining value or not.

There is no easy way.  It's not as easy as saying I will grow my bank by "x" amount each day/week because then everybody will be doing it.  I don't know what sports you trade / bet etc let's say tennis.  Go through the order of play and learn how to price matches up yourself.  See then if player "A" is 1.5 on betfair but you make him 1.8. Back it etc.  Only very rough example there but you get the jist of what I am saying.  Treat losing/winning markets the same, let it be boring if needs be!!

Zealot the dripping tap eventually fills the bucket could you elaborate a bit more on that please.

dlarssonf thanks for your input mostly horse racing and football are what I play in.

Oh right I never go near the horses , no interest in them , good luck golden fleece

As June draws to a close I started betting again at the weekend discipline ?????? but I have managed to get my profit up to 330 backed jack hobbs and layed legattisimo (lucky) and placed a few other wagers along the way,anyway the upshot is every wager I placed clicked,so this is my current position.I have now finished for the month.

Profit        330

Withdrawn     250

Current Bank 1080

I am not naieve enough to think that I am great,lucky so far maybe,but I am not sure what way to progress,the bank is 1080 and a profit has been taken,but it could have easily been different.

I would welcome any more suggestions as to progress from here with the bank I have available.

your profit was £330 ok but was your total risk  ?

give the game up imo

If you gave £50,000 to a good investor and said see what you can do for me and I will be back in a year from now , what would you have expected your bank to have grown to  ??????

20-30% would be very good but to many people it would be a waste of time .

Always amazes me how people who have never had a good amount of money want to get mega rich in a year from gambling or investing even with a tiny betting bank like a grand .

If you want to take it serious , plan for at least 5 years from now .

Are you saying 30% in first year which would increase the bank by 300 to 1300,and similar growth over the following five years.

It would be slow very slow actually.I guess most of us on here look for a quick easy route to success,which obviously won't work long term,and leads to the no 1 cardinal sin of chasing.

If I follow along the lines you suggest Zealot then I am looking at approximately 25 smackers for July off my bank of 1080.

Golden Fleece 24 Jun 15 10:04 

an interesting analogy if you judge a goldfish on its ability to climb a tree,it is going to spend the rest of its life thinking it is stupid.

Funny you should say that.

The killer goldfish that can choke predators, walks on land and climbs TREES


http://bitly.com/1FnvC3X

Sorry about the last post, I couldn't resist it.

If you can stand the roller coaster, you might like the Kelly Criterion. If your selection method makes even a minimal profit, it gives you enough leverage to get to where you want to go.

I recommend this book:

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

by William Poundstone


It does take nerve but, like I said, if you can make even a little profit already, this will do the job.