|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.
Posted: 9/23/2013 7:12:27 AM
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.