Definitions..?

[Boodu]

Hi, I'm a definite newbie to horse racing but I've loved coming here (as a lurker!) to read your views and plans.

A couple of easy questions though:

1. What does "POT" mean?
2. What does "Level Stakes" mean?

Thanx for your reply's (If I get any?)

<font size=-1>[ This Message was edited by: Boodu on 2002-07-17 17:44 ]</font>

[becareful]

Boodu,

Welcome!

POT = Profit On Turnover. This is just your profit divided by the value of your bets. So if you bet $100 (10 bets of $10, etc) and make a $10 profit (ie. your total dividends are $110) then your POT is 10/100 = 10%. If your dividends are less than your bets (eg. $100 bets but only $90 divs) then you have a LOT (ie. Loss On Turnover).

So POT = :smile: LOT = :cry:

2. "Level Stakes" generally means you are betting the same amount on each bet. As opposed to a "Staking Plan" which changes your bet value depending on previous results.

If your system has a "POT" at "Level Stakes" then it is generally a good system and you are on your way to a successful punting career! If it makes a POT but only with a staking plan then beware - you could be in for a nasty shock at some time. If it makes a LOT then back to the drawing board!
If you have any more questions just ask!

[Boodu]

Thanx becareful!

Your reply was exactly what I was after!

Thanx again :smile: