Hi All

I read a lot about people saying that they are happy with 5% return on their money.

The thing i don't understand is at what point do you calculate the 5%?

Is it 5% on the money you used out of your bankroll for the week?
Is it 5% on your total bank roll per year?
Is it 5% on the turnover of your whole bankroll?
Or is it just a simple 5% return on a per bet basis?

Whats your thoughts?

Jimbo72

Dosen;t really matter Jimbo.

If you winning or striving to win an amount that you are content with , then that is the amount you should be your target.

Its your Life.

Most people when referring to 5% is based on turnover, outlay 100k you get 5k profit.

of course that could be $1000 x 100 bets, i.e the same $1000 turned over 100 times.

It is not about how much money you have, but the way you use it.

You do need a bankroll but depending on how much money you want to aim for as profit will determine how much you need to bet and in turn what size bankroll is needed.

Ah ok

So if i started with say $200 as my bank roll and made a maximum bet of $10 per bet on say 5 bets per week i would be looking for a return of 5% on $50?

If i had placed 2 bets of $100 each then i would be looking for a 5% return on the $200? (Although suicidal to do i that way)


Or have i got it ballsed up?

Ta

Jimbo72

That's right,you got it, but now you also need to decide on the correct amount to stake each selection.

Most people have different amounts they would bet on each selection based on there strike rate and the average dividend, when you know this you can work out what is best to stake.

if you have limited information you could start with 2% of your bankroll for win bets, this may sound a small amount but it gives you a fighting chance.

Now to add to this you could also adjust that 2% at the beginning of each day to your current bank.

Cool thanks!!

So that adjustment based on knowledge would be what i see as Unit bets mentioned on this forum .. eg 2 units on this team, 4 units on some other team ?

So if i was comfortable with say Collingwood over Goldcoast suns
then i would bet more than the 2% because it should be a killing?

I think im getting the hang of it!

Thanks

Jimbo72

The 2% is mainly for racing, if you are in to sports i suggest you do some reading on kelly Criterion http://horseracing.about.com/od/han...g/a/blkelly.htm

It can be a little complex but there are plenty of free calculators online to help you work out your bets.

Units are often used in place of actual amounts of money as every one bets at different levels.

Cool thanks everyone for the help !


Jimbo72