How easy is this (or so I thought)

[Sedda]

I've done some testing with small stakes and although there is never anything that's foolproof I thought I had a system whereby I was going to win nearly every single time. I read either in this forum or somewhere else that you shouldn't be greedy so my system was to basically stop at a winner, that is laying the first fav (price between 1.50 & 3.95) in the UK greyhounds for $1 at level stakes until you're say $1 up. My testing showed that, even after a bad start with some favorites winning, the favs eventually lost and I would make my $1.

The day before I would have won $22 just laying the UK dogs if the bot kept going - I was testing so the bot did keep going.

Well, you guessed it, I was so confident that I went in with $2 stakes (so $4 profit target) but the favs kept on winning until I reached my max loss of $20 .

The problem with any of this sort of betting is that past performance doesn't mean a crock of *hit. Sure averages say that 30-33% of favs lose but if you get involved at the wrong time (like I usually do) this crap happens to you.

I'm back to the drawing board now and might look at making that $1 by backing the dogs or horses until I reach my goal

[lay4life]

What ever you do go max loss max profit take care of your bank, accept losses, we should accept loses, there is impossible to win every time with what ever you do, all we need is ROI + at the end of each month, not every day

[raden81]

What ever you do go max loss max profit take care of your bank, accept losses, we should accept loses, there is impossible to win every time with what ever you do, all we need is ROI + at the end of each month, not every day

Very true.... I always start with a small bank roll and always manage to blow it (because I see my profit coming in and I get too greedy)

Now I have made a resolution for 2010 - I will aim to win no more than 3% of my bank roll per day.

This means that if I started my bankroll with 40Euro, all I need to win is 1.20 per day. Winning this PER DAY means I would have made a 21% ROI

One thing that obviously kills your bank roll is if you have the rate of recovery too high.... No more than 10% for me personally (with such a small bankroll).... so far I have been testing this for a few days and we'll see how it goes