Generating an Income
 

I plane to start with a bank of $500. Any suggestions on how to generate an income. I'm hoping to double it every 30 days if possible.

I normally back between 3 and 5 horses a race.

If you are currently backing 3-5 horses per race - what is your strike rate and your POT.
Breakdown what you have into what you want and then you have what you need to do.

If your SR is 100% and you make a $1 per race you need 500 races per month. IS your current betting system going to allow you 500 races per month? That's 16 races per day. If not you will have to increase your stake. Is your SR 100%? If not you will have to increase your stake.

If I am reading you correctly, you are asking for an alternative method to generate this income. If so lay. Lay the field all races. It will be a bumpy ride and you may lose your $500 in 2 days. You will lose 4 months in 12 but you will win. My estimate would be $7500 per annum at $30 liability. You could also drop some of the field, restrict the fieldsize and the minimum price range.
Why have I given this? Because you won't do it. The first bad run and you will stop. $30 min liability will do that. If you could start with $1 everybody would be doing it.

my s/r is around 63% for 3 horses vin a race uo to 84% for 5 horses. My proit is around $10 to $ 15 dollars a race

What is your outlay per race?

$100 a race

Benny, unless I am missing something here, you have a LOT.
100 races winning between 63% and 84% backing 3-5 horses to win on average $10-15 per race.
Using averages SR ave 73.5% win $12.5 ave.
100 races outlay @ $100/ race $10000. but you win 73.5% so you are funding 36.5 races outlay $3650.
You win 73.5 races for an average $12.50. Winnings $918.75. Loss $2731.
This is not going to do it.

ouch;)

How to make a small fortune punting ..... Start off with a lrage fortune ..... lol

DTM ;)

don't be so harsh and help the good fella out.

Basically the sums you have provided mean a loss.

Have you been betting with this system live or on paper?
Are you looking for a staking method etc?

What's the big deal in 'the double' Benny, besides the obvious lure of starting out with a small wad and ending up with an cash flow bowser ? What are you really aiming to achieve / target here over the longer term eg $$$ pw ??

LG