30th October 2010, 08:36 PM
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Member
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Join Date: Jan 1970
Posts: 4,437
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Quote:
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Originally Posted by lighthuman2010
You would need a huge amount of luck to make a full time income from a bank of under $10k without going bankrupt first. Unless you consider a full time income to be around $100 per week?
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You just need an advantage and to turn over your bank x number of times to derive a good income. Luck is not a factor.
Assume that a bank of 10k and your edge is a mere 2%. (mine is a lot higher than 2%).
Turning over your bank once, your profit is $200.
Hardly a wage, however, suppose you could turn over your bank 10 times in a week, suddenly your wage is 2k from a mere 10k bank, even though the edge remains 2%.
2% is amazingly conservative.
The above also assumes 2% of bank level stakes, not staking plans or higher percentage of bank bet which increases risk. |