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Old 24th June 2012, 06:10 PM
UselessBettor UselessBettor is offline
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Join Date: Sep 2011
Posts: 1,474
Default My Attempt at it

With all this talk on fulltime punting I thought I would give it a theoretical go if I had a big enough bank.

These are my real selections that I am betting but just not at the levels which would need to go fulltime. I have every confidence I could place the same bets at the required level with a larger bank without any hassle. My methods are high turnover with smallish bets.

There will be limited value in this thread for others as I will not post my selections as they could be backfitted to determine my methods. I will be using a combination of betting and laying selections. I will post my profit / loss on a theorectical bank and will also take money out for living costs.

I think I will need a bank of 40K to ensure I am safe with my bet size. This is 10 times what I think my maximum draw down could be.

I'll start by putting up todays results.

Each day I will take out a wage. It will be $200 per day which is approximately 73K. My profit on starting bank will hopefully be large enough to cover this as I will turn it over many times. My Profit on turnover however will be extremely small.

Day 1 - Aus Market Update
Starting Bank: $40,000
Profit for the day : $590.47
Wage Deducation : $200
Closing Bank: $40,390.47

So far so good.
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