Start Bank: $198,00
Mr. Kelly's Bank: $106,63(+433,15% profit)
Mr.Kelly's Start Bank: $20,00
I withdrew $24,27 from Betfair today and sent it to Holland to my crack investment crew to invest for me. I was talking to the manager of the investment fund and he was telling me all about his brand new, high tech tools for picking winning stocks....Here's a picture of him employing this cutting-edge technology...I don't know, I'm a bit skeptical of such claims...but to tell you the truth, I don't give a rat's-ass how he pick stocks as long as he generates a lot of volatility.
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Florida Dream House Funds:
TheSnapper (betting using half of current bank): $649,05
Mr.Kelly: $106,63
The Demon (reserve bank): $670,55
Total: $1426,23
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So, now at the end of April, after 107 betting days and around 4 months of betting, it is time to assess the progress towards the Florida Dream House.
When all funds are put together, the total has grown from $198 to $1426, an increase of 620% in 4 months.If I can keep up this pace and continue compounding the profits and investments for another 8 months, that should produce a bank large enough to buy the Florida dream house. So, things are looking good.
Thanks for all the comments and encouragement. I am glad to hear that this blog has inspired and helped
others to improve their gambling and investing and take a long-term approach to both - finding an edge and staking efficiently.
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I have been asked about trading and I'll tell you now how I turned $40 into $4,000 in about 9 months. It was very simple. I just backed or layed the favourite. I set a tight stop loss (5-10 ticks) and waited. Befor the off I would green up any winners. I lost about 66% of the time, but the 33% of the time I won paid that off and made a profit, especially with the inevitable big mover. I then reset my stakes and repeated the process for the next race. There were several long losing streaks, but I would always hit new highs after a week or so.
One warning though, I gave it up because of Betfair crashing, my computer crashing and the power went off once. I also made a mistake once (betting a race in-running, I thought was pre-race) etc... So, it is not as risk-free as some would have you believe. Yet, it can be done if you are persistent and patient. (I doubt if it is as efficient as what I am doing now). It took a lot of time and nerves, I warn you it is a stressful way to make a buck!