Using the table as a guideline, we can estimate a realistic goal using the following equation:
Investment X (Annual Return / 100) = Annual Profit
Here are a couple of examples...
A beginner is just starting out betting, and has a £500 bankroll to invest. They use our free Lucrative Tips service, which has historically generated a 53% annual return on investment.
Annual Profit Target: £500 X (53% / 100) = £265
An expert with over 5 years experience has £5,000 to invest. They use our premium Racing Portfolio service, which has historically generated a 389% annual return on investment.
Annual Profit Target: £5,000 X (389% / 100) = £19,450
The difference between the two examples above are substantial, and indicates that the size of our investment is the single biggest factor in determining our potential profit.
Second to that is the annual return figure, which generally increases in line with our level of experience, particularly if we use our own betting strategies. Alternatively, we can choose to use a reputable service with good historical results, in which case our returns largely depend on the service used.
By increasing our level of experience at every opportunity, we have the ability to earn more, and by earning more, we have more to re-invest in our betting activities the following year, if we so wish.
In summary, the importance of setting realistic goals shouldn't be underestimated. It can make all the difference between someone who quits during a losing run, or gambles & busts their bank, and someone who sticks to a proven betting strategy over the long term, and produces a substantial return on their investment by the end of each year.
By setting a goal that is relatively low and realistic (i.e based on statistics), we can finally get rid of that pesky get-rich-quick mindset, and start treating our betting as long term investment.
This is where the key to betting success lies, the key all succesful punters use to generate a reliable income from their betting, and this should therefore be our foundation on which everything else is built.
And now, if you haven't already done so, it's time to set a realistic future goal for your betting.
The above table can be used as a general guideline, but of course much comes down to your level of experience, the amount you choose to invest, and the historical annual return for your chosen betting strategy.