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Old 12th December 2013, 01:42 PM
aussielongboat aussielongboat is offline
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Quote:
Originally Posted by Lord Greystoke
A sobering thought. Assuming the mark is reached, even being in this 'upper echelon' would return next to nowt unless you can...

1. muster a considerable turnover AND
2. get on without getting knocked off - out by 'the house'

?

Cheers LG


at 16% the TO and thus the return can grow quite quickly by itself.
e.g.
setup parameters:

1. bank 200x
2. 110 bets per month
3. increase bet after each month to 1/200th of bank.

if everything goes according to plan the results would look like this:


M bank bets bet % profit bank
1 200 110 1.00 0.16 18 218
2 218 110 1.09 0.16 19 237
3 237 110 1.18 0.16 21 258
4 258 110 1.29 0.16 23 280
5 280 110 1.40 0.16 25 305
6 305 110 1.52 0.16 27 332
7 332 110 1.66 0.16 29 361
8 361 110 1.80 0.16 32 393
9 393 110 1.96 0.16 35 427
10 427 110 2.14 0.16 38 465
11 465 110 2.32 0.16 41 506
12 506 110 2.53 0.16 45 550

so after 12 months assuming the 16% POT
a modest bank of 2k and a an initial bet of $10 each you are clearing 450 per month.
end of year 2 1200 per month etc. etc.

sure - there would be some dry runs which is why you have bet size 1/200th of bank

that why i say you would be in the top 1% WW if you can garner a consistent 16%.

People who do this caper for a serious living get about 5%.
they would like more but that what they get i believe
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