I'm sorry I'm having problems trying to word the question. Over the past two weeks I've had 17 consecutive winning bets on tennis favourites. My bank is £50 and I started with a £2 stake. I average a 5% win on each bet and I add it to the bank of £50. Then I bet one twentieth of whatever the bank is for that day. So I'm thinking that if I go on like this I might have enough to retire at the end of the year! Thank you. Frank.
2007-04-10 05:47:42 · 4 answers · asked by Frank M 1 in Business & Finance ➔ Investing
That will change the math a lot. If you are only investing 1/20th of the bank each day, then in essence you are only reinvesting 1/20th of your winnings each day.
As an example: You start with 50, so you bet 2.5 (50/20) and win 2.63. Profit = .13
On day 2, you have a bank of 50.13, so you bet 2.51 (50.13/20) and win 2.63. Profit = .13
To calculate this, you have to make a spreadsheet, because this requires 365 separate calculations because everyday you have to recalculate your bank , but if you limit yourself to 1/20th of the bank you will only have £125 at the end of the year.
2007-04-10 06:01:10 · answer #1 · answered by BosCFA 5 · 1⤊ 0⤋
A scam or not getting what intelligent people know.... there is no real payoff in gambling. I'm betting (pun intended) that you want people to ask you what your system is.
Word the non-question? Using Frank to sound familiar. So like I said..... scam. How is the weather in Nigeria?
2007-04-10 05:58:41 · answer #2 · answered by jackson 7 · 1⤊ 1⤋
The operative word is . . . IF . . . !
And usually when things reverse , gamblers get wack about cutting their losses , and instead , plow more $$ in trying to recoup .
What is your plan for the reversal time ?
2007-04-10 05:57:20 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Don't push your luck
2007-04-10 05:52:19 · answer #4 · answered by Anonymous · 2⤊ 0⤋