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5th September 2013, 07:26 AM
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Member
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Join Date: Sep 2011
Posts: 1,490
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Quote:
Originally Posted by Benny
Is it possible to make a long term profit with say $15 bets and a s/r of 63%
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If you want an income a week then you need to work it out backwards.
Say you want $500 per week. I'll use my figures to show what betsize and bank I would need.
If I want to make 500 and I have 300 bets a week and I make a POT of 0.2%. First divide 500 by 0.002 = 250,000. I need to turnover $250,000 to make my profit so on 300 bets this would be 250,000 / 300 = $833.33 bet size.
So if I was only going to risk 2% on any selection then I would need a bank of 833.33/0.02 = $41,666.
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