A couple of weeks ago I wrote about compounding and decided to start a test to see if I could actually make it work with a viable selection process. Everything started well hitting the daily targets until about 8 days in when I had 2 losing days which ultimately blew the bank. So basically I had to have a re think and it was not the selection process that was flawed it was the approach.
What I mean by that is that trying to recover losses daily with a set number of selections was ultimately the demise due to the fact that the stakes ended up getting too large for the odds that I was using.
At the time I was also running a bank with a 1 bet per day angle without loss recovery which was basically just sitting around the starting amount.
So the rethink was to carry that bank on in its starting guise and also start a one 1 bet per day loss recovery with the said bank. Currently the normal bank has just got back into profit £505.35 and the loss recovery bank has just recovered and stands at £522.41 and with these banks I’m still using the Betfair place market and restricting everything to just one selection has made it all a little more manageable.
At the same time I decided that I would try another selection process that I knew was a solid one and knew would be of less strain on the bank . So I started another test with my Dutching plan so basically for better odds and more selections running for me the idea was that the ride wouldn’t be so up and down because from inception on the 12th Feb when I wrote the blog on Dutching the stratergy has had a strike rate of 56.35% from 126 bets producing 71 winning bets and 55 losing bets returning a healthly 43.37% on Investment and that doesn’t include the 4 winning bets from yesterday that added roughly just under £600 to the bank.
So as you can see from those figures that I will be safe in the knowledge that when the test does hit a losing streak a winner will not be far around the corner to get it back on track.
Ultimately I am trying to turn £500 into £16000 within a year using a daily 1% increase on the bank and just to recap with compounding at 1% the bank will roughly double every 72 days at 2% every 36 days and at 3% every 24 days.
If you’re interested to follow the process you can do so here at MC Racing and for the near future you can also follow my dutching selections. But I will be restricting access to these selections to members of my service through the form of a face book group.
Anyway the up shot of the blog today was to show you that sometimes we can get things wrong but if we can take a step back and re evaluate you can turn things around and that is hopefully what I will do with the test and take it all the way to the end, just remember there is no Holy Grail in terms of betting but there are solid ways of earning that extra cash to make life just that bit more enjoyable.