My first taste of success
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Crazyskier
- Posts: 1298
- Joined: Sat Feb 06, 2016 6:36 pm
Well today was a 100% profit rate, albeit at the usual max liability per event of £2.Crazyskier wrote:See image below, this is a typical day of trading every race with around 85% profitrateAbraquay wrote:Stick with it. I started in January this year like you on small stakes.
Nice (and rare) to see a full UK race card of 40 markets ALL turn green !!
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Crazyskier
- Posts: 1298
- Joined: Sat Feb 06, 2016 6:36 pm
Good question Bluesky. I have been withdrawing the odd £50 and £100 when my £200 bank reaches that much excess, however I am starting to think that with the almost absolute consistency of these daily £3-£5 profits it might be worth me re-investing those profits and scaling up again.Bluesky wrote:Nice trading CS, is your intention to scale up your bet size as your bank grows? Or are you happy with your current bet size and are happy making steady gains that can pay for little luxuries such as holidays etc.
It should be said that my system relies on tiny percentages - I am gaining only between 1 and 4 pence per maximum £2 liability trade, depending on the odds I get and of course some trades do make a loss individually, though they are almost always outweighed by the winning trades.
Betfair do have some odd scaling, ie the return on a successful trade is often the same 3 pence until a certain point is reached, where it moves to 4p - often with just a single penny more staked!
I know some woman had a rounding-up scam where she bet 1p on every event and even losses were refunded as BF USED to round up - now they round down to nearest penny, so you have to explore the incremental steps thoroughly when increasing or decreasing stakes.
In short, yes i think I'll wait until I get to £300 total bank and scale up to 2-5p per trade... I see no reason why it should jeapordise the system, LOL I'm hardly struggling to get matched for my pennies
