No problem gaz. I've splitted to new topic now, so let's talk more about online money making.
Gaz, I think top 10 bookmakers are enough to start with, coz the big arbs are mostly generated from them. I'm thinking of starting with $5,000 splitted to 10 bookmakers, so around $500 each. I've done some research on them; they're multi-million dollar offshore companies, so i'll put my trust assuming they won't shut down anytime soon. I know I won't make a living off this stuff, as yes it has maximum bets and bookmakers might someday catch me red handed betting arbs, then i would be kicked out with the balance. However, while we can arb, I don't mind having $1k-2k a month to pay my bills.
About the 5pips system. I know what u're thinking here as I was thinking the same thing before. Yup 5 pips are possible, but... in long term, the occassional drawdowns will burn the whole account! I run a backtesting on various scalping systems, but only thing is the big drawdowns will kill them, as sometimes the market doesn't even give you 1 pip. The only explanation is the markets are not linear.
Progressive money management will generate more revenue for sure, but will also generate bigger losses. So if something went terribly wrong in one trade, the whole account can be blown away overnight. I'm not saying this mm is bad, but we have to limit the max to 10 lots or so. If we could go high up to 100 lots, we would have become filthy rich millionaires already.
By the way, I've also come across roulette and blackjack systems. It's said that there're two opportunities to make money with. First one, make around $100 to $300 from each and every online casino, possibly a few thousands dollars in a few weeks. The strategy is you take advantage of initial deposit bonus casinos give. It's 100% bonus up to $200-$600 for first deposit, so all we have to do is to wage around 50 times the amount of money deposit then we're allowed to withdraw money out. For example, if we deposit $200, we'll have $400 to gamble, then we'll have to wage repeatedly until the wages amount accumulated to $10,000, then we can withdraw the money. There're gambling systems that allow us to reach that amount in a few hours play while not blowing out the account. If you're interested, we'll talk more indept about this.
