'Bank Account' Theory

[FleetFanatic]

I was reading somewhere that if you put £100 a month and get 10% compounded interest, that after 20 years, the £24000 paid in would be worth £76000. This got me thinking, if we treated a bookmakers account like a bank account and aimed for say 15% interest every 30 days, and paid in an extra £100 every 30 days, the first year would look something like this:

MONTH<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />	MONEY IN BANK INCLUDING DEPOSIT FOR MONTH	15% OF BANK	DAILY RATE (15% OF BANK DIVIDED BY 30) – TO NEAREST 10p	NEW BANK AFTER 30 DAYS
JAN	100	15	0.50	115
FEB	215	32.25	1.10	248
MAR	348	25.20	1.80	402
APR	502	75.30	2.60	580
MAY	680	102	3.40	782
JUNE	882	132.30	4.50	1017
JULY	1117	167.55	5.60	1285
AUG	1385	207.75	7	1595
SEPT	1695	254.25	8.50	1950
OCT	2050	307.50	10.30	2359
NOV	2459	368.85	12.30	2828
DEC	2928	439.20	14.70	3369

I've put months but it would, in fact, be 30 day periods. 1200 deposited, with the aim of building up to 3369 with 12 months. What are everybody's ideas on this??? What would be the best way to win 'the daily aim'??? Stop at a winner fav's on horses? Football?

[WorkingForTheEnemy]

Re: 'Bank Account' Theory I dont know about the best way of making your profit but, in terms of LONG term projects, I was once thinking of something similiar. If you started with £500 and made 2% of your starting bank every week(£10) (on average) in a year you'd double your bank.(50 x 2% being 100%) This would give you: Year 1 = £1000 Year 2 = £2000 Year 3 = £4000 Year 4 = £8000 Year 5 = £16,000 Year 6 = £32,000 Year 7 = £64,000 Year 8 = £128,000 Year 9 = £256,000 Year 10 = £512,000 It would take great discipline as its such a slow process but the target of 2% profit a week(half your aim), should be achievable. Im only 25(26 soon:cry ) and Id be more than happy at the thought of having £500,000 in the bank by the time I was 36. I think the key word with any slow long term projects is DISCIPLINE, its all too easy looking to speed it up, especially in the early stages when profits seem small, by picking out bets that are maybe not right. Good luck with anything you decide to go with.