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  #1  
Old 26th June 2011, 09:07 AM
max max is offline
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Okay then. I guess punting aint for me. If all I can possible hope to get long term is a mere 5% then I am better off using a bank account for that and have less risk and waste less time.
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Old 26th June 2011, 09:22 AM
moeee moeee is offline
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But the thing is , it is 5% on Turnover.
It is quite possible that you could turn your Betting Bank over perhaps 10 times in a year , and there is your Target of 50% Profit.
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Old 26th June 2011, 11:46 AM
partypooper partypooper is offline
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Quote:
Originally Posted by Mark
I'd be happy with 2% !!!!!

Currently 1.65% this year.


G'day Mark, now I'd be happy with 1.65% with your turnover and no risk component as well!

To achieve 4,5% I just can't get the turnover, and yes I've tried "just increasing stakes" and the divvies were definitely affected even with mere $500 bets, especially midweek. in short the idea fell flat, until I swapped back to $200 bets maximum, that's why I am always on the lookout for another angle.

Max, one area that you don't seem to understand is this say you have $10,000 in the bank and you're getting 5% so have an income of $500, now if that $10,000 were applied to a betting strategy making 5% ON TURNOVER,with say 10-12 bets a day or about a 100 bets a week @ $100 each, then you are turning over $500,000 year (roughly) x 5% = $25,000. PLUS don't forget that the majority of that bank will be sitting in a deposit account anyway still earning 5% P/A, most of the time anyway.
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