having slept on my mistakes, i have now come up with a new system , which at the moment is fool proof
I have learnt it is better to make a little a lot of times rather than try and make a lot all the time.
I worked out that i would be happy with £50k , tax free each year which is about £70k before tax, as betting income is tax free.
so I need to make £1,000 per week , assuming a 5 day week, (don't want to work weekends!) so I have to make £200 per day, again sounds easy. Broken down this is about 7 bets a day assuming £30 bets.
so here goes!
One thing i do need is about £500 to cover the bets should I loose which should be paid back in 2 days assuming i don't loose any bets.
So is it possible to get 7 bets every day for a year to earn this kind of income, and being an optimist , here i go.
The Early thoughts the loner odds the better - this way there is less chance that the horse will win. In a race of say 10 horses the real odds are 10- 1 so there is a 1/10 chance the horse will win, so you do need a bit of luck on your side , but as every gambler knows, these odds are distorted by form. so a 25 - 1 outside is unlikely to win, but there is still a chance. As the news of the world points out the bookie has to take bets on all of the horses , where I am only looking for the donkey in the pack.
Let the betting commence.
Monday, 29 June 2009
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