
22nd March 2011, 02:23 AM
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Member
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Join Date: Nov 1999
Location: Western Australia
Posts: 2,425
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G'day Ocho, not quite that bad , a bit too long in the tooth for that performance.
the returns shown are to $1 stakes, for ease of understanding, I happen to bet $200 on each selection which means a total investment of $616,000 for a return of $634,080.
The stakes are irrelevant in the sense that its still only 2.94% profit on turnover.
I mentioned that my stakes are $200 on each just to emphasise that at that level it does not seem to affect the divi (as far as I know)
I appreciate that some professional punters would be betting 10 or even 20 times that, which I'm sure would alter the divvies and the profitability no doubt.
I was betting a % of bank quite aggressively a few years ago and observed a profitable plan go into decline as the dividends were affected. When I reverted back to $100 (my bets at that time) level stakes the plan again turned profitable, and is still going strong now (6 years+ on)
One further point, at $200 stakes and up to 60 bets a week, I have NEVER used 1c of my own money ever!! thats a bit cryptic but a few here will know what I mean.
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