About a decade ago, I was working as a barman in Newcastle city centre, and was earning about £14,000 per year…
I was really into my betting, especially the horses, but had never made any money from it...in fact, I was in the hole for the best part of £30,000! ...
If you're wondering where that money came from, well, it was mainly student loans and overdrafts (terrible, I know!)...
Luckily, soon after that I discovered the concept of value. Learning how to spot a value bet allowed me to turn my woeful gambling habit into a profit-pumping machine...
Just 3 years later, I was over £50,000 up (£51,139 to be exact), and in all honesty could barely believe it...
But How Did I Do It? ...
It's actually pretty simple...
After scraping together a bankroll, I used my new skill-set to identify horses that were priced much higher than they should be, and started off staking £10 per bet...
Instead of spending the winnings right away, I added it to my bankroll, and at the end of each quarter increased the stake...
This is also know as ratchet staking, and it can be an incredibly powerful tool to grow your bankroll faster than time would normally allow...
Here's what it looked like... |
