£100 Betting Bank Challenge – May video (Part 1) including ‘The Power of Compounding’
By Chris • May 8th, 2009 • Category: Videos, £100 Betting Bank ChallengeTo view this video which contains very important information about ‘The Power Of Compounding’, you need to click on the following link:
click here to play the May (Part 1) video
Compounding is vitally important if you plan to make large amounts of money from betting. My presentation shows you just what can be achieved if you puut in the effort and grow your betting bank over the long-term.
Chris
Chris is
Email this author | All posts by Chris
Thank’s for this video Chris! Really helpfull! Of course compounding does work and it could be done different ways, for example with 5% liability of betting bank: 1st till we make +100£ on top of the bank and then increase our stake and 2nd increasing our stake after every single winning bet, 2nd will be even qiucker to grow, but only one thing, should we reduce our stake after losing bet?
hi chris, very informative video the only point i would make is when you are 70 ,5years is a long along time however we press on kind regards john
Excellent video and wise words indeed.
very good video chris.i feel you dismissed the liquidity problem a bit lightly.it would not need many peopleusing your logical lay system to start running in to problems once the bets began to get really big.for myself i feel i would aim for a stedy yearly income.
I’m not so sure that liquidity would be a big problem for several reasons.
Firstly, you have to remember that most punters are extremely lazy. The routine of making their own lay selections every day for a few years requires quite a bit of dedication and discipline – and most punters simply don’t possess these qualities. They are more like ‘butterfly bettors’ flitting from one system or tipster to another as soon as they feel they have found something better. I will be amazed if most people who have bought the Logical Lay System are still making their own selections even 2 months after purchase.
Also, I can control the number of people who have access to the system both by limiting the number of copies I sell; and also by limiting the number of people who can subscribe to the Losing Lays service. Raising the price usually deters people quite quickly from signing up!
You should also remember that just because I am currently using the Logical Lay System selections as my bets in the £100 Betting Bank Challenge does not mean that these are the only bets that can be used. All serious punters should have a small portfolio of betting systems and/or tipsters that give consistent long-term strike-rates that are profitable.
The ideal situation is to have your own personal variation of a system or filters on a tipping service that give you strike-rates of over 90%. There are hundreds of these around if you are prepared to put in the effort to develop your own. Do not expect these highly profitable techniques to be available for sale – just about all successful pro-gamblers keep this information to themselves. After all, there is no sense in selling a golden-egg-laying goose!
Chris
Well, I shall be 60 later this month – and I find that time seems to fly by much faster than it did when I was younger!
Chris
To compound most effectively, you should increase your stake after each successful lay and reduce the stake after each unsuccessful lay. Personally, I adjust the stake at the beginning of each race day.
For the £100 Betting Bank Challenge, I tend to go for the stake that is the nearest 50p to the calculated stake eg if the stake should be £7-12p, then I would stake £7.
You must reduce your bet size after each unsuccessful bet (or at the end of the day if you have made a loss for the day), otherwise you are breaking the Golden Rule of not putting your betting bank under unnecessary risk.
Chris