Here is your FREE tip for today - 25th August 2005.
Music To My Ears (Miracle System) Came 3rd, Northside Lodge (Best Lay
bet of the Day) was a NR!
http://www.Laybetaday.co.uk Lost, nearly everytime I put it in this
news letter it loses!
This week is not getting any better at the moment, hopefully things will
Carrying on from yesterday....
It actually amazes me the expectations that people have with the
winnings they think they want to achieve, compared to the size of their
I often get emails from people asking me if I think they can make a
living from a bank of a £1000, admitably it does seem a lot, but I
doubt very much it is going to be enough to retire on!
Lets have a look at some figures so you can see what I am talking about.
I would summarise that most people (most) could probably live on around
a £100 a day, there will be some that need less and others that need
more, but it gives us something to work with and £36,500 a year (before)
tax is actually around an average income.
If you were to go to any financial expert and say to him that you
wanted to invest enough, to get an income of a £100 a day, here is what
he will probably tell you.
"To be really safe then put about £2,000,000 (2 million) in a building
society which after tax will give you close to that.
If you are prepared to be more ambitious then how about an Index Tracker?
This tracks the top 100 or 250 shares and on average over a 5 year
period earns you around 10%, £400,000 should do it, but remember it's
only an average and some years my be better than others and what you
invest may be less than you get back!"
Ok I know there are probably riskier investments that earn more but the
higher the return the higher the risk!
With that in mind lets look at your bank and horse racing.
I think most people lose at horse racing because they over stretch
their banks, especially during a losing run, it's very difficult to
stop and have a look at the situation.
From a lay point of view where we get far more winners than losers (but
we pay for that in liability), if you want to be ultra careful and
keep the pressure off then your stake should be 1% of half of your bank
and the maximum at any time should not go above 2% of your total bank.
2% will probably only see you past 2 losers in a row if you are using a
lay ladder, where as 1% of 1/2 of your bank will give you a lot more
opportunity to recover any loses.
From a win point of view you first need to have a very good idea of how
long any losing streak is likely to last, and then again stake a
percentage of your bank accordingly, but I would keep to a maximum of
5% although many would argue 10%.
With these figures in mind it is not hard to figure out the size of the
bank you will need to make a £100 a day.
If you follow my advice to the letter on the lay side you would need
£20,000 ready as a bank, less if you decide to take a larger risk.
You obviously do not need this sitting in Betfair when your only
staking £100 a race, but you will need to be able to call on some
if you start losing, otherwise it can be earning money in a building
If you can get enough wins then you will need less on the win side of
things, but I wouldn't be surprised if at the end of the day they are
not far apart.
Now I know these figures are still big and look an impossibility for
some people, but don't despair over the next few days I will give you
some strategies to help you reach them long term.
Also don't forget all our winnings are tax free (at the moment), where
as some profits from investments are taxable!
Have good day's racing.
Miracle System (win Bet)
16.00 Mussleburgh, Prince Tum Tum,
Place System (on exchanges only)
2 Wins in the latest run.
No Selection Today
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"Lay of the Day" - Lay Betting System Bet
17:30 MUSSELBURGH, Constable Burton (V4 AW selection)
Please Note: The lay betting system is actually 4 systems in 1 so I will
post the highest scoring selection here.
You can purchase the system formula:
Advantages of owning the system:
1) Pick more than one race a day
2) Bet on Saturdays and Sundays (no emails from me on these days)
3) Make a selection later in the day (normally more choices)
4) Password protected forum so you can talk to other owners.
5) UK or IRE races
6) Bonus Systems and regular updates.
7) Now on V4
8) 3 systems, 1 for flat 2 for Jump/Chase
9) Owners last got an update 22/07/2005
10) Now includes Lay Place System.
11) Now includes AW System
12) Now includes the Investment System
If you own your own website you can makes some money by promoting the
"Lay Betting System"
o Todays sponser tip
Turners Lay Tips
2.50 Ling, Bishops Finger (Champagne Shadow)
staking plan. Up to 5-2, 30 pts
over 5-2 and up to 5-1, 15 pts
over 5-1, 5 pts
No bet if either, 8-1 or more, or favourite, (horse in brackets) is a
Turners Lay Tips
Please tell your friends about this daily tip and pass on my
Best of Luck