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30th September 2008, 10:26 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
Originally Posted by The Elk
If this became a problem for me, I have several choices:
a) move from Betfair
b) keep my bet sizes below $40 (happily doing that now)
c) Win only or each way betting
d) plan more holidays ( loving wife has put a big tick next to this one)
e) pay the BFPC
All that is needed is a bit of thought - apply some common dog-@#$% - do some simple calculations.
Basically the figures show thatwith a normal 10% POT then there is no worries about BFPC,
where the S/R is high and POT is over 20%, it then boils down to the bet size
How many do over 2,000 bets/year and average over 20% POT - according to BetFair, only 0.5% of their customers
I have no reason to disbelieve this figure.
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Elk,
if you spend some time watching how UK horse markets build up, then you should eventually realise that most long term Betfair winners bet in a different way than you do.
Essentially you are not availing yourself of all the best options in a market. Had you done so your 12 week streak would have reaped far bigger returns.
However since your figures are not representative of the aforementioned winners, your strategies and conclusions would not necessarily apply to them.
Personally, I comfortably play over 2,000 markets in far, far, far less than a year. And don't even bother trying to calculate POT, but would be surprised if it was over 1%.
Yet I am affected by the charges.
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