Okay Benny

I promise this will be the last time I try to make you see the light...

We will have to make some assumptions before we can start:

You continue following the same tipsters for 365 days and they give you the same ROI of 4.1%

You are in the average tax bracket

You have $2794 to spare

You continue to get an average price of $4.70

Can you feel the tension mounting?

Your return will be $115.46 on an outlay of $2793.37 in 365 days

Also consider the time and services required to lay 2794 bets either by telephone, internet or agency. You will be paid a handsome 4.1 cents per bet which is surprisingly similar to your ROI. (the telephone option is not a good idea, its going to cost you $419.10 just for the bets @15 cents)

The 22.1% strike rate you pointed out means that 77.9% of the time, they were wrong in their selections. (which is about average for paper tipsters)

So, to summarise: You wagered $2794 to win $116 with a 78% chance that you won't achieve it.

Consider this alernative: Deposit your $2794 into an interest bearing account with no fees or charges (ever) with an interest rate of 5.5% (Don't tell me there aren't any...)

Even after tax you will have made $124.49, that is a $9.03 increase in your yearly profit. And what did you do for your $124.49? Zip...

It's no where near as much fun as the GG's but it's good economics unless you can lift your ROI. It stops being fun when you lose consistently.

Anyway, as I said at the outset, this will be my last post regarding your finances. I apologise in advance for any spelling, calculation or syntax errors. (could be the Red Ned) I have done it mainly for fun, but also out of a genuine concern in your inability to apply reason.

Good luck with your betting account!