For part 1 refer back to my post through the links on the right hand side.
So after reading the Observer articles I spent the best part of the next 3 months debating as to whether I should take the plunge!! I finally signed up to The Mathematician, choosing that over Steve Lewis Hamilton or Sport4Profit simply because I thought the subs were more manageable.
The service ticked along nicely and I made a small profit but the account bets were few and far between and I was hooked that this could potentially be a good way to make money. I decided to join SLH to try to ramp up the potential profit - I joined bang on the right time as Steve hit a massive long purple patch.
About the same time as joining SLH I had a brief email conversation with Greg Gordon to ask about how I got decent proofing of other tipsters - and Greg introduced me to the Secret Betting Club and I was amazed that all this was going on and I'd known nothing about it!! I immediately joined and anticipated the monthly newsletters with as much anticipation as I had waiting for my weekly Record Mirror magazine when i was a kid.
And really thats where portfolio betting kicked off for me.
2008 and 2009 were both very good years. Things haven't gone so well for me since then - last year was a tough old slog and this year hasn't been much better. I've made plenty of mistakes, been burnt by following some poor performing tipsters; I chopped and changed too much over time while not really having the right balance across the portfolio but am beginning to pull together a plan as to how I take this forward to try to run it like a proper business which will make me a respectable 2nd income each year. I'm not looking for much. £20 a day profit would give me £7,300 a year tax free income. You'd need to earn £10k plus to get that from a taxed income.
There's been more than once that I've thought about jacking it in, but I've enjoyed it - Steve Lewis Hamilton's 33/1 shot the day before Cheltenham 2009 being the memorable highlight - it was the 1st day of my honeymoon and I slipped the bet in and the resulting profit paid for the week!! Tremendous.
More to follow.
2 days ago