12th February 2008, 08:45 AM
|
|
Member
|
|
Join Date: Dec 2004
Posts: 67
|
|
Quote:
|
Originally Posted by partypooper
"the average punter goes to the Course with $100 and EXPECTS to win $1000," whereas the average Bookie goes to the Course with $1000 and EXPECTS/HOPES to win $100
|
Yes party. it's a pity punters don't kick around PERCENTAGES a bit more often
to get the hang of 'money management'.
Leaving $1,000 in the bank for 'ONE YEAR' at today's interest rates of
approx.' 7% per annum ' will increase their wealth (albeit relatively safely)
by $70 for the YEAR.
Placing a $20 win bet on an 'even money' shot that manages to win
gets them a 100% wealth increase in two or three minutes. |