The £100 Betting Bank Challenge
By Chris • Jan 13th, 2009 • Category: Featured, £100 Betting Bank ChallengeOne of the questions that I frequently get asked is “How can I make money when I can only afford a betting bank of about £100?”
This question is usually asked by someone who has been watching my laying videos on www.GreyhoundLays.co.uk. Not only do I use a betting bank of at least £1000 but I advise that you should be laying to a fixed liability that is about 3%-5% of your betting bank. This is good advice but there is a problem.
With a £1000 bank, then your liability would be in the range £30-£50 ie it is easy to get a lay bet matched for a reasonable sum.
But if your bank really is as low as £100, then your liability is a mere £3-£5. The Betfair minimum stake of £2 means that you cannot get a lay bet matched whatever the odds!
For someone who can only raise a £100 betting bank, I have usually advised that they should get a bigger bank before they even think about starting laying.
But I have now been challenged to try and grow a betting bank of £100; and detail how I actually go about it.
I have accepted the challenge and my progress will be not only described on this blog but I am producing videos showing all of my bets. Hopefully, you will learn a lot about how you should be going about laying – the strategies that you should be using and the discipline that profitable laying requires.
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