Daily Betting Results 1 Nov 08 : -£38.48

Hi Andy, yes, it was clearly a tough day looking at the number of races that BBP chose not to get involved with. I’m glad you got a profit though! Have a good day.

Hi Martin. Glad to have you with us. It’s all here.

Hi Sickboy, I’m still using the strategy with similar results to last month. One day of concern where the exposure if everything had gone tits up was nearly £5k. Fortunately, even if that loss had materialised it would still have been a profitable month to date.

I aim for a daily return of 1% on capital invested. Right now we’re doing a bit better than that. But don’t forget that I will have losing days which may be substantial and the return could be, over the year, end up being 0.1% daily or less even!

It’s only money and it ain’t mine until I leave the table. And I’m not gonna leave just yet. The real measure of your wealth is how much you’d be worth if you lost all your money. And I’ve been there Sickboy. In 1989 I owned a few estate agents and I had a few properties. I was a typical 80s yuppy. A right wanker at times. Too full of myself by far.

Then we had the property crash which lasted five years from 1989 to 1994 and prices fell about 15% in cash terms and about 35% when you add back in inflation. And interest rates went to 15% and I was over leveraged. I lost the lot. And I had a few other challenges as well which some of my readers know about. The houses went, the estate agents went, the cars went, the lot, the wine cellar, etc, etc.

I had a trust fund offshore that couldn’t be touched though. That was my get out of jail card and I started trading forex full time. Long before the internet. My telephone bill was staggering. I came back. And today I’m happier than I’ve ever been.

Why? Because I spend more time on things that really matter. I can’t afford to waste my time making money. While I used to be a day trader in forex I’m now a position trader. That takes up a few hours each day so I do this blog for fun.

I’m sorry this answer was so long winded but I just wanted to explain clearly what made me the person I am because that goes to the core of answering your question. Sir, good luck to you, as always. And make time for the things that matter. Whatever they might be at that moment.

Hi Spud, the strategy remains the same and I had a similar question above which I answered on 27 November 2008 at 8:17 pm.

The required bank for an initial stake of £1 is £10,000. But with a £4000 stop loss. If you are starting with a £500 bank then my advice would be not to use my strategy. You’ll get stuffed even with an initial stake of 10 pence. Sorry, but that’s what the numbers say. Don’t shoot the messenger. 🙂

Thanks for your kind words and have a great weekend.

Sorry Spud, I can see the answer wasn’t there fully. I wrote “…still using the strategy with similar results to last month.” The strategy has been managed by RonBot which is an Excel triggered betting sheet that works with Gary and Mark’s Betting Assistant.

Lee took away the search from the top of every page – we ran out of space, back soon – but if you search google for RonBot you’ll find out how that came to be in this blog and the remnants of my deceased LastMinuteLiving blog at http://www.manofmystery.lastminuteliving.com.

There’s also a show with RonBot’s dad in the radio archive top right if you want to listen to it?

Good luck to you sir, as always.