I was reading Ray the Sports Traders’ blog a couple of weeks ago and he stated that if you could do 1% per day as an increase of your betting bank then at the end of one year you would have €3,778.34 at the end of that year due to the compounding effect.

So here is the challenge to myself and my readers – Let do it !!!

As soon as I have the 100 in the betting bank at Betfair to get it started, which will be in a couple of days time I will document the rise of the bank from the 100 to the €3778 in 365 Trading days. Note that it is trading days that I am talking about, it is only fair after all to have a day off now and then. I am so keen to start today that I may just go for the 1% of €100 with the betting bank that I have already of €17.09 Euro.

I will be trading on the football as per usual and when there is no football I will have to find another sport that I can use to make the 1% per day. On 92 days I should have a betting bank of €249, half a year it will be €617 and on day 274 I expect to see €1527.76 sitting there.

The plan is to aim for 2 or 3 percent for the day but be happy if I make the 1% which will be the daily target.

I will tell you the total of the bank for the day and whether I am ahead of the target or behind by how many days. It would be great to see in the comments if there are fellow traders working the same challenge, so get posting if you are doing it too. I will be using Betty the betting bot for my trading, and probably testing other software for my readers along the way too.
Good Luck to us and good trading.