22nd August 2006, 09:54 AM
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Member
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Join Date: Jan 1970
Posts: 243
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Quote:
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Originally Posted by TheEasyRun
Hi guys.
First up, a few basic misconceptions.
3. It's quite false that a very high starting bank of $10,000 to $30,000 or more is needed to start a betting bank off. And false also is the thinking that the bank must be turned over and over like it was inside a washing machine.
The fact is a betting bank must be protected from heavy turnover!
Here is another fact, if the average man clears $30,000 a year in his regular employment, then to match that in punting earnings, he can start off with a bank as little as $4000. And still keep his job. Nirvana for the average bloke on the punt would be around $50,000 a year.....roughly $4000 to $5000 a month. A $6000 starting bank for that is plenty.
Happy Hunting
TheEasyRun
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I will be interested to see the logic behind this. How low turnover, because as you say, "a betting bank must be protected from heavy turnover!" from a $6,000 starting bank backing horses at $7.00+ can make $50,000 a year.
I have wracked my brains out.
The only thing I can think of at this stage that might remotely fit the bill is a selection method which is able to consistently identify horses at $7.00 plus that are in fact around TRUE even money chances, which to anyone would be like discovering a legitimate money printing press! and then combining these horses in all up bets. That way turnover could also be said to be minimised as the initial outlay could be claimed as the turnover for an all up wager such as a double or treble.
As I said, I will be interested to see the logic behind this betting method.
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