The 10 Year Plan

[WorkingForTheEnemy]

This is something Ive been giving thought for quite some time now. Ive been mostly waiting to get the cash together to start it. Im still a little short but have enough to get things underway and Ill add the rest of the bank in as and when. It shouldnt really affect things, if it does then it means Im in trouble anyway. New week, new year, seems an appropiate time. There wont be anything systematic about the selections but there is a solid strategy as far as profits and bank growth is concerned. I also feel it belongs here rather than GH as, although the end aim is high, Iconsider it a realistic plan as it involves small growth, rather than a long shotattempt at something. Anyway heres the plan. Start bank is £1000. I'll be aiming to make 2% of that starting bank each week over roughly 50 weeks. This will give 100% growth over a year and therefore doubling the bank. At this stage the 2% will be reassessed and it all starts again. Basically we are looking to double the bank each year. I intend on making the 2% using 1 - 5 bets a week. These will often or not be short price bets that I feel very confident about. One issue will be if I make a loss or miss my target one week. If these happens I have installed a plan to help prevent chasing losses. Rather than trying to make up the week's defieciet the next week I will spread it over the remainder of the year. e.g. If one week I make no profit and lose £30. If theres 40 weeks left then my normal aim would be £20 p/w x 40 = £800. Add the £20profit we didnt make and the £30 loss equals £850. We then split this over the remainding 40 weeks to give us a target of £21.25 pw. This should help prevent chasing losses immediatly and the possibliity of getting in a real mess. The target will only ever change to compensate losses. Extra profit will not cause it to go below the 2% aim. The ideal would be to run this for 10 years but in realtime this may prove an issue when stakes get large. At ths point the strategy may need to be adjusted but by that point a very nice profit would have been made anyway. Heres how things should work out: Start Bank: £1000 Year 1:£2000 Year 2:£4000 Year 3:£8000 Year 4:£16,000 Year 5:£32,000 Year 6:£64,000 Year 7:£128,000 Year 8:£256,000 Year 9:£512,000 Year 10:£1,024,000 Ten years mayseem a long time but as we know ,patience is a key discipline in gambling. When looking at the big picture it doesnt seem to long either. Ive just turned 26, if I could imagine having £1m by the time Im 36 that seems like no time at all in the grand scheme of things. Bets will be posted up when placed, followed by results with a full update at the end of each week. Please feel free to add any thoughts or comments.

[davidc]

Re: The 10 Year Plan Good luck with this WTFE. A couple of questions: Will you be concentrating on one sport or will you be using various sports where you think you have an edge? What sort of average odds do you envisage? The level of odds is very important in this type of 'increase bank' staking strategy as the lower the average odds the higher your stake needs to be to achieve your 2% target so if the odds are very low (e.g. 1.10) your stake size would be very large compared to average odds of 2.5. If you hit a losing run with very low odds then a large portion of your bank could be at risk.