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15:00 Warwick The Conditional SP lay £25. tentative on the chances on this bet
Betting bank now stands at £289.18
Although my system can go days without a bet in winter, I prefer to keep the powder dry and wait patiently for the bets to come. I am never in a hurry to risk losing money unnecessarily by betting outside my strict selection criteria.
The P&L graph looks good at present, showing the classic lay betting "saw tooth" but it's early days yet....
You'll see better racing from the Skeggy donkeys
Might have to give it a whirl myself.
Same as trading on the stock market, it's the long game that delivers, once I start compounding profit by increasing the amount bet as the bank rises then the amounts being won should start to increase as well...if it goes well.
If I was a student I would be doing this and setting up a portfolio of dividend paying stocks on the stock market using the Freetrade app. and be looking to subscribe to the F.I.R.E. movements idealogy aiming for as much regular passive income as I could.
A couple shortlisted for today:
Bets to follow later if the price is right!
Today's bets:
Having to put these on a little earlier than I would like as I am at work and in meetings this afternoon, would ideally prefer to see how the prices move up to the off.
The all weather Wolverhampton sometimes throws up some strange results 2nd horse came in at 33/1
Easiest pint I've ever earned.
- 15:45 Lingfield Little Red Lion WIN £5.79
- 16:20 Wolverhampton Eloquent Poet WIN £3.59
Betting bank now stands at £298.56I'm massively in to most forms of gambling and do very well, but I'll be admiring this from afar.
Say you choose 5 losing horses and make £25. If the next one you pick wins with a £25 liability then that's all your profit wiped and back to zero.
Or less likely but still happens, you pick 5 winners. Straight away you're down £125 if you've set a £25 liability per horse. Coming back from that is going to be very difficult.
Extreme example of 'anything can happen' but there's a story online from an experienced trader. He was watching a horse race, and there was this horse right at the back of the field losing by a great distance. Thinking he was about to make the easiest £10 of his life he laid it; only to watch it strap on its rocket boots and win. £10,000 gone in an instant, trying to make £10.
As I posted in the OP I do not recommend anyone follows my bets. At some point I will stop posting in advance and just post results after the fact but for will carry on as is.
This is interesting, the relationship between strike rate and number of bets in a losing run:
The only way you can make a consistent monthly earning is with an edge. Yours would (I assume) be experience and knowledge, which is something I don't see a lot of students having as it's pretty specialist.
They're probably matched betting, but in my opinion it's pretty dead these days unfortunately unless you've already got some money behind you.
Place the free bet on something, the cash on a lay bet, guaranteed profit. Repeat ad infinitum.
There of course is the limitation of waiting for such offers, and bookies become wise to the same email, bank account and address being used to make multiple accounts, so it's not like you make loads, but there's people that'll earn between £20-50 a week reliably by doing that.
The other thing is as you say, your accounts last only a matter of weeks these days. You've not known heartbreak until you've seen someone post a win of £500, then 15 posts later they check their email and realise Bet365 have closed their account as a result and now they'll never do it again.