How Money Multiplies With Small Consistent Wins
In this section i am going to talk about how small, consistent wins from your betting strategies grows into the wonder of money multiplication and fat juicy profits.
If you have planned your betting, sorted out a strategy,perhaps enlisted a staking plan, paper traded and proved it all works. Then you are ready to make money:
If you invest £100 in a building society at an interest rate of 5% p.a. (before the credit crunch!) after 1 year your £100 is now worth £105. In the second year your interest is calculated from your investment and the interest from year one (ie 105 x 5%). That will give you a total of £110.51 at year two end. At the end of three years your investment is worth £116.04 and so on.... The compounding of the interest grows your money.
The same can be done with your betting. By making small regular profits you can compund your winnings so that it grows and grows! If you have a bank of £100 and you aim to make just £1 a day, if you achieve your goal then you will make a profit on the year of £365. If your goal is £10 a day then you will make £3650 for the year. A nice second income! you can increase this if you reinvest your winnings and increase your stakes in proportion. Two ways you may do this:
1. Lets say our bank is £100 and our goal is a profit of £10 per day. Use your bank to make this profit. Quit when you have achieved your goal. Increase the stakes as you go along in line with your 10% policy.
or
2. When your bank has doubled. Double your goal from £10 a day to £20 .
In example 1, after just 20 days your £100 has grown to £672.75.
In example 2, after just 20 days your £100 has grown to £400
As you can see by increasing your stakes as your bank gets bigger then the bank grows more quickley!
Remember that if your stragey fails on one day, walk away and come back the next day! The odd failure will mean that progress will be slighly slower as you have losses to make up as well as the failure to make your target. If you have too many losses stop and revaluate your strategy! Get things right and a nice income is possible. Only bet in amounts that you are comfortable with and take some profit out from time to time so you have something to show for your hard work!
Hopefully some of the strategies contained on this website will help you. Good Luck!
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