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Author: [Systems & Strategies] Topic: Compound Interest Strategy
rivermonsterz send a private message View Space | Blog | Friends | Playbook |
rivermonsterz
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#1
Posted: 9/23/2013 7:12:27 AM
So, as I am sure quite a few of you are aware, if you were to start with $1000.00, and increased your bankroll by 1% daily, you could double your bankroll every 72 days, increasing to well over $30,000 in a 1 year period.

I have been seriously considering this strategy for some time now, and was curious to see if anyone had any experience or know anyone who has attempted this.

It doesn't sound much to increase your bankroll by 1% per day, but upon further inspection it could be more tricky than first thought.

The strategy I was going to implement was to bet on 1 event early in the day, to win 1% of the days starting bankroll.  If that was to lose, a chase would begin to ensure the account had increased by 1% for the day.
eg; Day 1 target = $1010

The problem i see with this method is, you can only have 1 wager placed at a time, and this would possibly limit your number of wagers for the day to 5-10.

Because you are chasing and on a time limit, you could be forced into making silly betting decisions.

Depending on the juice, your bankroll could be gone after a 5-6 game losing streak.

However, looking back through my records, i dont think i have ever lost more than 6 in a row, but that is betting on a whole heap of games playing at once, and I fear that the fact you can only place 1 wager at a time could change everything.

At the end of the day I am not too worried about losing my starting bankroll of $1000 as it is only profit anyway.  What I am worried about is investing a heap of time and effort into this and coming unstuck along the way.

This is why I have come here to hopefully learn from wiser, more experienced sports investors.


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Danrules24 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: South Point |
Danrules24
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#2
Posted: 9/23/2013 11:50:11 AM

I think you are looking at this wrong. If you set your betting units correctly according to your bankroll for the type of betting you are doing (select games or chase system) the increase in the bankroll will take care of itself. In your scenario, you are forcing yourself to bet games, possibly multiple games each day chasing whatever profit number you feel compelled to reach. So you'd be betting games that normally you might not bet. Why do this?

Bet the games you normally would and as your bankroll increases you can increase your betting unit.

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cjlipe
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cjlipe
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#3
Posted: 9/23/2013 1:57:02 PM
Well I'm no wiser or more experienced but have always thought about a compounding strategy.
 
It would be hard to bet every day and make a good choice, especially M-F. The weekend would be easier with more time and more to choose from. Why make it a daily increase? On the weekend you could bet more even if you win to make up for the lack of games through the week. I agree with Danrules24 the way he said. The only thing for me is I'm not disciplined to do either way.

I do spreadsheets and calculate from time to time but end up straying away from it. No discipline. I can't win either, lol. Treat it 
like a business is what they say, I guess if I had one it would go 
under. 

You sound like you could stick with it and you already win so go for it and let us know how it goes. 


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