An Idea for a system £100 a wk profit, then stop...

[3hree]

... Anybody looked into a system such as this?? I am unaware of many systems and genres of system. I was just thinking if anybody ever experienced a system that aims at £100 profit p/w then stops, so Sunday - Sunday you aim to get a profit of £100. Once you strike this you wait til then next sunday, i've done somthing similar in the casino, as Christo will tell ya, just wondering if any of you folks were familiar with this idea as it has been worked before!!?? Cheers:ok

[davidc]

Re: An Idea for a system £100 a wk profit, then stop... Haven't seen a system such as this. However, one type of similar(ish) bet I can think of is perhaps a stop at a winner bet where (as I understand it) you protect your stake by stopping all subsequent bets in the event that the first selection wins. Another reason to stop after a certain level of profit has been reached would be (e.g.) in Blackjack where if you are card counting and the count has reached a stage where you have a negative expectation than it would make sense to stop. Even if you are not card counting it is sometimes prudent to walk away after you have reached a certain pre-determined goal. I'm not sure why you would want to stop at a certain level of profit won over a fixed time period particularly if your system is sports based fixed odds betting where you have, or hope to achieve, an edge over the bookies odds in the long term. Maybe if you have a small bank and use a large % stake then you may have to limit the amount of bets placed at the same time but other than that I see no reason to limit your stakes and therefore your winnings.

[aliando]

Re: An Idea for a system £100 a wk profit, then stop... is it martingale? :unsure

[WorkingForTheEnemy]

Re: An Idea for a system £100 a wk profit, then stop... I cankinda of see the attraction to this kind of betting. If you're happy making a certain amount a week then when youve made that amount youre protecting it and theres no risk of losing any. The problem is though if youve got a successful selection process you could end up denying yourself even further profits.

[3hree]

Re: An Idea for a system £100 a wk profit, then stop... The blackjack similarity is interesting as that's how i did it to begin with! Aliando: I'm familiar with a bit of martingale system and no it ain't one of those. probably something on the lines of.... £100 Sunday night bank. Sunday analyse all football/horses for next wk and make bets as week goes on. First stake small, £20 on EVENS, £10 on 2/1, if begin to struggle up stakes a little. It is simply a system that relies on being able to control and stop gambling when £100 profit is reached. If one week profit is only £50 then we go on regardless and begin again for £100.

[aliando]

Re: An Idea for a system £100 a wk profit, then stop... good luck mate - i'll watch with interest

[Clotty]

Re: An Idea for a system £100 a wk profit, then stop... It sounds a bit like a martingale variation to me. My Grandad does something similar, but he aims to win £100 a day and not a week, by betting on three horses a day from a selection process he uses. 92% of the time, he makes the £100 on the day, but when he doesn't he rolls over to the next day to win back his losses and still make that £100 profit. Very risky. He's done it for years and the worst stage he's ever got to was three days without a winner. His betting account is 20k, I think so it would take a very severe losing streak for him to lose it all. On average he makes about £25k each horse racing season, which comes in handy when you're retired, like him. Good luck to you, I think it could be interesting. What I will say to you though is I'm skeptical of how you said you'd make this £100 a week target

£100 Sunday night bank. Sunday analyse all football/horses for next wk and make bets as week goes on. First stake small, £20 on EVENS, £10 on 2/1, if begin to struggle up stakes a little. It is simply a system that relies on being able to control and stop gambling when £100 profit is reached. If one week profit is only £50 then we go on regardless and begin again for £100.

If you can manage that week-in, week-out you may as well pack up and become a professional gambler and, you'll probably get a lot of supporters in this forum. However, I don't think this is possible and with a starting bank of only £100, I expect it won't be long before you went bankrupt. You've done well if you can double your bank every two or three months, doubling a bank every week would be high risk and difficult to pull-off consistantly. You'd have a better chance of survival IF... A) You gave yourself a significantly larger starting bank or B) Kept the same £100 starting bank, but significantly lowered the amount of money you aimed to win every week Having said that, this is your thread and not mine so do as you please.;) Clotty.