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-   -   Can I ask a simple question.... (http://forums.ozmium.com.au/showthread.php?t=24932)

Lord Greystoke 6th September 2012 08:26 PM

Quote:
Originally Posted by garyf
What's your opinion on this L.G? .

Any of the above one word answers,
Will do just fine.

Cheers.



Attractive !

LG

Lord Greystoke 6th September 2012 08:29 PM

Quote:
Originally Posted by Vortech
You have to also remember the POT can be affected by the compound affect.

From the few of professional punters that made 100K last financial year, many of the bets were around $1.00 but with many many races each week with several bet types.


A fair sprinkle of multiples, long shots then?

LG

Lord Greystoke 6th September 2012 08:31 PM

Quote:
Originally Posted by garyf
What's your opinion on this L.G? .

Any of the above one word answers,
Will do just fine.

Cheers.


And your's, garyf?

LG

garyf 6th September 2012 08:58 PM

Quote:
Originally Posted by Lord Greystoke
And your's, garyf?

LG
Same as yours.

Cheers.

Lord Greystoke 6th September 2012 09:30 PM

OK, so lets explore further...

What if:
1. bank gets split 50/50
2. only 2 bets for the year
3. selection takes 5-10 mins
4. expected return = 10%
5. opposite position to 'the crowd'

Any thoughts on this one?

Attractive
Boring
Impossible
Easy
Madness

?

Cheers LG

The Ocho 6th September 2012 09:35 PM

Silly.

2 bets a year. What if you don't get a winner for a few years or you miss that one bet in 6 months.

Silly.

Lord Greystoke 6th September 2012 09:44 PM

Quote:
Originally Posted by The Ocho
Silly.

2 bets a year. What if you don't get a winner for a few years or you miss that one bet in 6 months.

Silly.


a. Assume automatic selection eg BOT
b. You always get a winner bc you are sitting opposite to 'the crowd'

LG

PS would have preferred "madness"

The Ocho 6th September 2012 09:56 PM

Madness, sheer madness. 2 bets a year? What's your name? Barny?

:D

beton 6th September 2012 09:57 PM

Lets get some perspective here. There is approx 40 meetings here in Aus for thoroughbreds, each with average of 8 races. 320 races per week, 16,640 races per year. Lets say your system allowed you to bet on half the races and you got 10% POT. and you only bet $1 each bet. This would give you 8,320 bets for a $832 return. Depending on your strike rate you may get a run of outs of 40 for example. So you may actually only ever need $80 to start and run this system. A 10x return on investment every year for $1 bets.
I will take it.
Similarly if you had a system that had you betting 5 horses per race at $1 for a 10% POT. This would give you 83,200 bets per year for a $8320 return. Unlikely that this system would need $800 at risk but this is still a 10x return on investment. I will take it. In fact I would give the other one away for this one.
The stark reality is that you need volume and a small POT comes with volume, to make punting pay. Big POT systems usually have a small number of bets, so you need a greater stake or a number of big POT systems to make anything out of it. It is better to have a slice of a very big pie than
than to have half a slice of a very small pie. Mind you I would not mind having a whole small pie if I could be guaranteed it everytime I wanted one.
Beton

The Ocho 6th September 2012 10:13 PM

I'm hungry now.


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