Punting projects

[LUKE]

It's been a while since we had a thread about making money so I'm thinking why not put the theory to one side and have a serious go and winning money.
Stage 1 of the plan is all about winning €1500 to finance Stage 2.Stage 2 is about winning a 6 figure sum.

Stage 1 -starting with a bank of €100 and try to find 5-6 trades per week to make a profit of 5-10% each.I'm looking at anything that will result in a profit -I think the main danger will be boredom but it's not impossible.I think it's important to stick to days and meetings with good liquidity-will post my day 1 thoughts tomorrow.

[Dave G]

Best of luck Luke. Will make for an interesting read.

[LUKE]

The last time I tried it I blew out on leg 1-I think it's doable -boredom and lack of discipline are the enemies-I need to resist the temptation to get involved with all the rubbish aw meetings that take place in September.
Todays target horse is Second Step at Windsor-stepping down in class but I think he needs to be fresh and also needs a galloping course-not saying he can't win but he is a good trade in my opinion.

[granger]

Haven't listened yet but the latest Final Furlong podcast is about gambling strategies/philosophies.

[Maruco]

Are you looking for suggestions along the way Luke, or is this just you?

[LUKE]

All suggestions and alternative strategies are welcome.

[LUKE]

Laid Muthmir.

[Irish Stamp]

Good start Luke.

Martin

[Euronymous]

How do you keep this project money separate from your normal bank roll?

[LUKE]

10 years ago I loved betfair-as far as I was concerned it was the only show in town.Due to their absolutely shocking customer services and greed my turnover with them is down by at least 90%-in June 2008 I had over 40,000 commission points -last night it was about 3,500.it won't be a problem separating this project from my usual betfair business.
Anyway the initial ton is now €255-will get Second Steps out of the way and call it a day.

[LUKE]

Strangely enough this day last year I can remember making multiple deposits to lay the Weld horse at Windsor-Fascinating Rock-that was a bullet dodged.

[Grasshopper]

I'm loathe to put this up, Luke, as you're clearly playing with real/your own money, and not sure if you are looking for shorties either......but Max Verstappen is perhaps worth your attention at 11/10, in Betfair's 'First Lap Leader' market.

There isn't a great deal between the Mercedes and Red Bull this weekend, and Verstappen starts on the quicker Super-Soft tyre, whereas all those around him are on the Soft tyre. Mercedes starts haven't been great this year, and there is a fair chance he can chin Rosberg on the long Kemmel straight, if he doesn't manage to do it going into the first corner.

Good luck with the project. I hope I don't bogey it for you on Day 2.

[LUKE]

Thanks Grasshopper-I don't bet on Formula 1 for the simple reason that years ago a friend of mine decided he wanted to be the first of his generation to bet a grand.Borrowed the grand from the bank to have a bet on a golfer-something went wrong and he had the bet on Mikka Hakkinnen to win F1 championship.You will remember the events better then me but everyone in the area I'm from became a F1 expert.
The bet was duly landed and on the Monday after my brother was appointed chauffeur to this pro gambler in the making.After the winning had 4 or 5 pre midday pints they proceeded to Clonmel where after 3 or 4 losers there was a very tight photo finish-the punter turned to my brother and said he thought the one on the near side had it -and sprinted down the track to have 600 at 4/7 before my brother could mention they were 60 yards away from the finishing post.
Ever since then I associate F1 with degenerate punting.
The horse on the near side actually won the photo.

[LUKE]

The float now stands at 356 which is where I should be after week 3.
Going to walk the dog and have a look at tomorrow's cards when I get back.

[fonz]

Interesting thread and well done with your stated bets Luke but are they related to the strategy you set out in stage 1?

[LUKE]

Interesting thread and well done with your stated bets Luke but are they related to the strategy you set out in stage 1?

I havent been religious about my stated strategy but I have tried to stay as close to it as possible.I was pleased that I took a break before Second Step and walked away after he was beaten.I had a couple of near misses that could have been very profitable but against that Muthmir would have killed the project.

[LUKE]

One of my favourite strategies is to back a horse that gets a favourable mention on tv and trade out of it when everyone else jumps on the bandwagon.Sheila Lavery gave her horse a very good word in the 5 o clock at Navan -I got on at 15.5 -90 seconds later I had traded out at 11.There was a great one earlier on when Blake & O Ryan gave a big shout to Sports Barrow unfortunately I was too slow on the draw and missed the price.These are the kind of things I want to be doing -getting into a position where I have a free bet.

[Euronymous]

The Tin Man is a candidate for that next week at Haydock. Hype horse who the pundits love.

[NHughes]

I would have suggested Crowley for the jockeys title but his price is probably too short now.
although I still think he should be clear fav, has the momentum, wants it, I reckon injury is the only thing that will stop him.
How much does De Sousa want it? I took 13/2 just over a week ago and 7/4 yesterday, if he continues his run the odds can change fast.

[LUKE]

Volatile market -which I like but traditionally poor liquidity on Betfair-which I don't like.