Making the % POT

[ubetido]

Hi all

I have read on numerous threads when this discussion has come up in regards to POT that pros aspire too, between 2-10% seems to be where the pros are pitching.

My question if anyone knows or is in that league is what % of your bank does the draw down go to to achieve your monthly profit percentage.

Some pros have indicated they turnover two or three hundred thousand a month for a 2% POT per month.

Cheers
ubetido

[crash]

Except for Arbitrage punters on Betfair [investors really, not gamblers] and money launderers, you'll probably find punters who make some big bucks in Oz, turnover nowhere near the amount your talking about and don't grind out a small weekly percentage. Hitting enough horses a year with very good odds is probably the real gravy train [it was right up to about 1990] and to do that, unless they are exceptional handicappers, they probably get some very good and paid for by percentage or kickback ....'advice' ;-)

PS. The Iceman's tips in HK had a 51% SR. Tips certainly worth paying for?

I read a story in the Age on Sat. about the corruption in the racing industry over the years. One example was about a small field of Jockies in a race just after the jump: 'Right boys, I hope everyone remembers the plan in this?' yells the senior Jock. The 4kg. claiming apprentice on a real roughy, pipes up: "What plan, I don't know what to do'? The senior jockies yells across to him: 'You just go like the clappers mate after the turn, your on the winner'!

[partypooper]

Yes, I've read similar stories in Jockeys Autobiographies, given human nature and $$, I'm sure it must still go on, though I doubt it happens much at the main meetings; as they are scrutinised so closely.

[stugots]

yeh well the 1st 2 races in sydney yesterday are indicators as to why one needs to have rocks in his head to seriously bet in small fields

no apprentices riding mind you, just a handful of the 'better' jockeys in that particular town....

[crash]

Corruption? Just follow the money = big pools = Sat. Metro!

Do Jockies and Trainers Gamble? Is the Pope a Catholic?

[partypooper]

Crash, the latter........... I doubt it very much!!!!!

[Chrome Prince]

[snipped]My question if anyone knows what % of your bank does the draw down go to to achieve your monthly profit percentage.
ubetido

Ubetido,
The drawdown is in proportion to the average dividend of your winners.
Unfortunately, there are a lot of good methods, ratings, whatever, that have huge drawdowns for slim POT %'s.
Perhaps consider the level of risk you can withstand financially and "emotionally" for the profit to be a realistic end result.