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23 Apr 17
18:02
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Date Joined:
21 Aug 03
Thought i'd post it here as there's less mugs than on the football forum (no offence guys)
what do the forum members think is the best use of a bank of £250 on Betfair? It's clearly not trying to back football low odds so what is it?. is it pre-race or pre-match trading? in-play horses? is it the place market? or backing horses each way or singles?
I want serious input here no jokes.
where is the best margin and ROI?
What is the most profitable use of a bank of £250?
what do the forum members think is the best use of a bank of £250 on Betfair? It's clearly not trying to back football low odds so what is it?. is it pre-race or pre-match trading? in-play horses? is it the place market? or backing horses each way or singles?
I want serious input here no jokes.
where is the best margin and ROI?
What is the most profitable use of a bank of £250?
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Replies: 41
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Withdraw it and have a week in benidorm
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excellent in benidorn ,just don,t bet in stretford end
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At the end of the year how much do you want the balance to be?
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There's an endless amount of options. Depends how you play.
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No Target,no plan,no chance.
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£2.5k
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Totally unrealistic.
The most optimistic achievable target would be to double your money in a year. |
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Suggest you don't bet until you've saved at least £3k then come back again.
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ok and in that case what would you advise the way to approach things
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a) look for a profitable bet
b) use a staking method eg Kelly to select the appropriate % of your bankroll to risk c) profit |
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The question remains how much is your target for the year.
Then you can establish a daily / monthly requirement without taking excessive risks. I play with £6k and attempt to win £30 per day /£1000 per month. |
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targets are not any part of gambling. You aren't selling funeral plans to pensioners or double glazing. The opportunities are either there or they aren't.
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It's part of the Discipline required,and Discipline is essential,in my opinion and my experience.
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Buy low sell high.
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You should never have targets in betting. What if you don't win your target amount? Do you roll it over to winning £60 plus any loses you incurred on the previous days punting? How about 2/3/4/5 losing days/weeks in row? NEVER have targets is my advice.
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Targets put you under unnecessary pressure IMO
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Wack it on Hugh Taylors selections....
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It certainly puts pressure on, that is why you put the lowest possible daily target.
If you miss a day, the next day is only double. What is does do for me is remove the need to try and win a large amount,and thereby increasing the stress. £30 per day (£210 per week),should not be excessively stressful,but believe me, it aint easy. Without the discipline of a target figure (budget),when do you stop - when you're potless?. |
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betting when you don't have anything profitable to bet "because you have a target" is the quickest way to go potless. It is actually a form of chasing.
In gambling all you can do is make profitable bets when they appear. If you have a small edge that occurs regularly but requires paying attention to certain markets for long periods of time, then it might well appear that you are achieving a target. However, the "target" is merely a bi-product of the method of gambling. |
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Follow stridingedge and his Mark Johnston 2017 thread. He seems very knowledgeable, disciplined, doesn't have too many bets and last year I think he showed a profit on his selections and unlike Taylor, his horses aren't going to get over bet. Divide your £250 into 50 X £5 bets, or maybe if you're adventurous 25 X £10, follow the thread, join the discussion and have fun.
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stridingedge's discipline - let him down badly, at the end of last year, though.
Find his 'Mark Johnston 2016' thread - and you will see that - following an awful run by Mark Johnston horses, around late Summer/Autumn, I seem to remember, stridingedge really reeled in the bets - as his bank was probably becoming decimated. Yes, you've guessed it - Johnston then had several big-priced winners - two at one meeting, and three in a day, I recall - that stridingedge did NOT back - not one of them. Naturally, those winners were incomprehensible on any known Form - to ANYBODY - and probably to scattergun Johnston, too - just 'run and hope' jobs. 'Throw enough darts' etc ... Not an approach that would fill me with enthusiasm, nor prevent many sleepless nights. |
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why hasnt the OP got Baiter at end of his username?
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stridingedge's discipline - let him down badly, at the end of last year, though.
Find his 'Mark Johnston 2016' thread - and you will see that - following an awful run by Mark Johnston horses, around late Summer/Autumn, I seem to remember, stridingedge really reeled in the bets - as his bank was probably becoming decimated. Yes, you've guessed it - Johnston then had several big-priced winners - two at one meeting, and three in a day, I recall - that stridingedge did NOT back - not one of them. Naturally, those winners were incomprehensible on any known Form - to ANYBODY - and probably to scattergun Johnston, too - just 'run and hope' jobs. 'Throw enough darts' etc ... Not an approach that would fill me with enthusiasm, nor prevent many sleepless nights. Make it 10 X £25 bets then  |
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Give it to bigmart and watch it blossom..
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I'll take that stick on the chin last season, I think I learned plenty with the first full season following this trainer, he certainly is far more than a dart chucker in certain circumstances and I have a lot more confidence in what exactly I'm looking for at different points in the season.
As for throwing enough darts i sat out long spells when he had no winners in 30+ runs And his 3yo's as stated were not firing either Time will tell onlooker though I won't be expecting anything positive from you whatever happens. |
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Follow my approach on £250 bank
Lay for a liability to £13 Win bets for £5 To make a decent go of it u need a bank of at least £2000 |
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£500 per month [profit withdrawn}
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Spend your £250 on a nice bit of jewellery for the missus and you're a guaranteed winner ;-)
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https://www.irishcelticjewellery.com/collection/modern-irish/pendants.jsp
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There is no sensible answer to the original question however in my view RothmanMike has helped the most in highlighting him looking to make £30 a day from a bank of £6000.........the equivalent profit you could most likely aim for with a degree of certainty would be in the region of £1.50 a day from a bank of £250.
My advice would be to arb. |
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10 win
20 win 40 win 80 win 100 win. but make sure you get a winner ,and then start again. The 100 bet is called the hide behind the sofa bet. |
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tanglefoot 23 Apr 17 21:32
Follow my approach on £250 bank Lay for a liability to £13 Win bets for £5 To make a decent go of it u need a bank of at least £2000 post ya last 3mths p&l tar |
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This threat is everything that's wrong with gambling today. When are you kids gonna grow some bal**. Bet with your cahunas fully out. Even if you get asked to leave the bookies.
All this arbing rubbish and winning £30 a day. I wouldn't get out of bed for less than £35 a day. As Dave says, you need an edge. Stop focusing on the end product and start learning the mechanics of the game. Rome wasn't built in a day. Never known anything like it. Everyone wants to pillage the system, when history proves it's that very system that eats most people alive. |
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arbing is fantastic money if you put the time and effort in. its the only way the normal man can make consistent money out of the game, many fail as they can't accept losses and take arbs in play and do a months profits in, and the rest don't have the capital to do it.
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