I will be making my first day of picks tomorrow, but just wanted to see if people could play Devil's advocate for me.
I will be starting with a bankroll of $1,000 and attempting to turn that into $50,000 by the end of the year, which is in 236 days.
I will be using a compounded interest rate formula to determine my bet sizes.
r = (P/C)^(1/n)-1
so, for day 1, r = (50000/1000)^(1/236) - 1 = 0.0167145%
So, my goal for day one is to win $16.71.
Whether I succeed on a day or not, I will be putting my new bankroll through the same formula the next day.
Any thoughts of things I am missing?
I will be starting with a bankroll of $1,000 and attempting to turn that into $50,000 by the end of the year, which is in 236 days.
I will be using a compounded interest rate formula to determine my bet sizes.
r = (P/C)^(1/n)-1
so, for day 1, r = (50000/1000)^(1/236) - 1 = 0.0167145%
So, my goal for day one is to win $16.71.
Whether I succeed on a day or not, I will be putting my new bankroll through the same formula the next day.
Any thoughts of things I am missing?
