TheSnapper

Hello everyone, sorry I haven't updated the blog for several days. I am tied up a lot with some crazy irregular hours, so it's the best I can do to update weekly now.

So, 2011 draws to a close and I look back over the year. I started with about $200 and I close the year with over $3500 in profits from Betfair. So, Although I haven't yet made it to Florida, I did book a cruise and I will be in Miami in January...so it's not so bad! I cashed out some profits in December and moved the funds around and enjoyed myself for awhile.

My winning strategy in 2011 involved using CalcOdds.com  - a free service which shows the price differences between the Win and Place markets. If you make many small bets on these differences, you will grind out a 10% profit, as advertised. It really does work , but you need to give it a few weeks and use very small stakes, never more than 2% of your bank/bet.

Particularly profitable is to make multiple bets per race using CalcOdds. The reason is that it reduces the overall commission you pay to BF, and this is the real secret to BF success.

CalCOdds is free and it will turn you into a BF winner if you have the time and patience. You need to update your bets and adjust your stakes WITH EACH RACE to make this system work. I tried to adapt it using Kelly Stakes adjusted after each race. It got to be a  lot of work, but I made some massive profits (from $20 to $3000 in a few months) and some big losses ($1,000 in one week). So, it's a wild ride using Kelly staking. For peace of mind, just use a fixed small percentage and you will do just fine.

At the moment, I have changed my system. I am still on BF. I am laying books against certain UK and Irish races. It's not easy, but it can be done and is a simple system I can do without any time involvement. it returns about 5% per week. Some of the profits are drawn out and sent to Etoro, where I put it to work in the Forex markets. My crack team of traders are generating more profits from this. A fixed percentage of my Etoro bank is drawn out and sent to my investment resevres, generating a safe 5% return/year. A weekly payment is drawn out of these reserves and added to my Betfair bank. So, its set up like a big feedback loop which generates profits at each station as the funds get circulated around. The idea is to generate a compounding snowball over time. At the moment, the system has just under $2000. Each station generates profits and pumps out a fixed percentage to the next station.

Anyway. A happy new year to you all. I wish you all the best  and lots of success in your investment/gambling pursuits.