28th September 2009, 12:34 PM
|
|
|
Quote:
|
Originally Posted by michaelg
Hi, Place2win.
I don't want to bear bad news but assuming Betfair's takeout from your account is 5% per unit, then this would reduce your profit by $0.05 for every dollar (or unit) won.
So far so good with your method - hopefully it will continue.
|
Hi, michealg.
Thankyou, yes I havn't factored betfair takeout. At present paper trialing the methods to determine the viability. Yesterdays selections returned 11 winners(loosers) (11unitsx5%) would have returned 11-.55 =10.45 this in turn would have reduced the net return 5.90 units to an effective 5.35 units. In future I will
include betfair takeout in my sumation.
Regards
Shalor |