£100 Betting Bank Challenge – April 2009 video
By Chris • Apr 30th, 2009 • Category: Videos, £100 Betting Bank ChallengeAnother month has flown past and that means that it is time for the latest video showing my progress with the £100 Betting Bank Challenge.
During April, I used nothing but the horse race lay selections provided by the Logical Lay System.
You can see how I got on by clicking on the following link to view the video (it is only about 32 mins long):
click here to play £100 Betting Bank Challenge – April 2009 video
Do I make a profit again this month?
Do i manage to double my initial £100 bank?
Watch the video and find out!
I’ll be back in a month’s time with the next instalment.
Chris
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End of the Month again Chris .How did you do??
Although the end of the month was a bit up and down due to the Logical Lay System producing at least one winner per day, I did end May with a profit. I’ll be recording a new video in the next day or so when you’ll be able to see if I managed to beat the £300 target I was hoping to achieve. I won’t spoil it by revealing my total now!
Chris
Chris have just come across your services would you mined me asking some questions
1. i agree with compounding its a very good tool with the right system but has to be used while doing something else. this is why you may find not every one will do it. Due to not having time as well as earning money.
2.i have seen your system for sale. you wiould have to be on or near the computor most of the day for most people. this is not a problem as long as you can make a living doing it. so what bank would you recormmend for someone to earn their living from this system.
cheers John
I accept that to use the Greyhound Lay Profits System to its best then you ideally need to lay selections manually close to race time. Bots such as LayBotPro can be used but they are not as good at getting bets matched as can be done manually.
I do not recommend that anyone should be trying to make a living from their betting activities when they are starting out. It is simply not possible giving the long-term nature of laying in particular to be able to predict what sort of profit you could produce per month.
It is quite feasible – even with a system that is successful over the long-term – to have (for example) a couple of months when the betting bank is reduced. How would you live during such a period? Presumably reduce the bank even further by withdrawing money for your living costs.
Far too many people new to gambling start doing it because they believe it will be an easy way for them to make ends meet. In the current recession, I’m sure a lot of people have turned to betting to get the money to pay their mortgage and credit card bills. This is not a sensible course of action to take. The emotional pressure that is on every bet causes risks to be taken (”I just need to double my stake on the next bet to be able to pay the mortgage this month” – this really is how people act when they are desperate for a profit). The end result is invariably failure.
Once you have built up experience of betting and have developed techniques that you know work over the long-term, then you will know the figures to work from to determine whether you can safely withdraw money each month from your betting bank.
Chris