My targets are very achieveable given that it's matched to what I'd get from a deposit account paying twice the BoE Base Rate (that figure is 5.5%, so 11% is the target). This month I have to win a whooping £9.50 to match that. I could make that backing only 1 1/10 shot, and I'm certainly not going to stop there. So what is realistic? I've provisionally booked a 4 day boy's trip to Vegas in March and if I can make between £1,000 to £1,500, I've covered the cost of it all. I've only made just over £200 so far, so it's perhaps a bit ambitious but I've had a couple of weekends recently where I've been very close to making a clean sweep and a £200 odd profit.
I know that the withdrawal could potentially half my bank roll, but I think I've got to be able to take money out every so often. Who knows, I may come back to England with more money than I started with? Realistically, its unlikely, as in 4 trips to Sin City I only scrapped a profit once, and that was in the final night where I spent the entire evening in the Craps Pit (with legendary results huh Matt, I'll never hear the last of that one...................)
I've also often thought that I may have to comes to terms with the fact that I might have losing months, but examining other blogs P&L's (especially the Betfair Trader's who has never made a monthly loss) I've got to be confident that I can make a reasonable amount each month. Why else would I publically put myself through this if I thought otherwise. Ok, I may have bad weekends, but over the course of the month, I should be able to post a positive figure. I think November / December's profit of £190 odd is a good benchmark to try and beat this month and then take it from there.
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