OZmium Sports Betting and Horse Racing Forums - Mr Barry's Pot O Platinum Thread

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- - Mr Barry's Pot O Platinum Thread (http://forums.ozmium.com.au/showthread.php?t=20607)

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Well it was a tough day on the punt today but working hard to obtain the best prices and only betting the value ensured a profit was had. Onward to tomorrow.

ok, lets put it another way, IF your strategy shows a profit at level stakes then yes you can increase profits (but probably not the POT) with just about any staking plan. IF your strategy does not show a profit at level stakes ......no staking plan will turn it around , long term that is.

Quote:

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?

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.

2% GUARANTEED large volume would suit me Chrome! (the Casinos edge; that'll do)

Quote:

Originally Posted by Chrome Prince

Chrome Prince,

Betting 2% of your bank is allowing for a maximum drawdown of only 50 units.

If you are going to turnover that $10k bank 10 times in a week as you say, that is 500 bets.

Now, 500 bets in a week is a high turnover method in anyones language. If you think 50 units drawdown is conservative on a high turnover method like that, you are dreaming.

So again, I would strongly encourage newcomers to ignore your post as you would need a huge amount of luck to not go bankrupt.

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Quote:

Originally Posted by lighthuman2010

Chrome Prince,

Betting 2% of your bank is allowing for a maximum drawdown of only 50 units.

I'm risking an accusation of flaming here but mate, you either can't read, don't bother reading posts or just plain lack comprehension!

CP was talking about making 2%, (minimum, he says he is making much more) not betting 2 % of the bank.

Quote:

Originally Posted by lomaca

Quote:

Originally Posted by Chrome Prince

The above also assumes 2% of bank level stakes, not staking plans or higher percentage of bank bet which increases risk.

I'll accept an apology at any stage lomaca

Quote:

Originally Posted by lighthuman2010

I'll accept an apology at any stage lomaca

you'll have a long wait matey!

Being a betting man I'd say never!