A Realistic Long-Term Plan?

[WorkingForTheEnemy]

Just looking for the opinions of some of the more experienced members of the board of a possible betting plan. Would you consider this a realistic achievable target or am I away in cloud cuckoo land? Basic plan is to start with a £1000 bank and attempt to double this bank each year. Intended plan is to make an average 2% of bank each week (52 weeks x 2% = 104%). I'm to try to test my discipline and only bet on selections I am very confident about. As I bet on horses and football, it brings up a few amount of oppourtunities each week. Intention is to only have between 2-5 bets a week, never risking more than about 3% of my bank at a time. With the initial year this would involve making £20 profit a week. This could be achieved with awell researched EVS fav on the horses for £10 and 2 short priced horses to place @ 1.3 for £15 each. With discipline I believe picking these selections is quite possible. I know not all selections will win but betting at such prices I feel I should be OK with only 3%max at risk each time. After Year 1 the proposed bank will be £2000 and the percentages adjusted.ie. 2% per week = £40. Year 2 = £4000 Year 3 = £8000 Year 4 = £16,000 Year 5 = £32,000 Year 6 = £64,000 Year 7 = £125,000 I know at later stages getting bets matched may become more difficult but even at Year 7 the weekly target is £1250 which could be done with 3 x £400 Evs shots which shouldn't be impossibleto get matched(especially with the exchanges). I think the hardest part of this will bethe discipline and may have to run a seperate bank to support "riskier" bets to supplement any urges. I feel that a lot of peoples problems with gambling iswantingto make too much too quick. Punters want to make a thousand in a month/week/day of a bank of a few hundred. This seems to me to be a more realistic steady plan for anyone with the patience and real desire to profit. As only a youngster(turn 23 end of year) Im more than happy to wait if it puts me in a position of being able to only work part-time come my mid 30's. So that's the plan and my thoughts on it. Do I stand a chance or am I just dreaming away to myself??

[Guest madmick]

Re: A Realistic Long-Term Plan? In principle yes I think it is possible. However, with the number of bets you are talking about (5 per week) and 3% stakes, you would need to be making 13.3% yield to achieve your goal. I think this is too high to presume - it would be a very impressive performance if you can get this. I think 5% or so might be more realistic, which means you need to treble the number of bets or increase stake size. 3% is around where you would want to be I think so it means you are going to have to increase the number of bets you make. Good luck with it