Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > General Topics
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 2nd August 2011, 12:14 PM
Jimbo72 Jimbo72 is offline
Member
 
Join Date: Jul 2011
Posts: 7
Default 5 %

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
Reply With Quote
  #2  
Old 2nd August 2011, 12:41 PM
moeee moeee is offline
Suspended
 
Join Date: Jan 1970
Location: Melbourne
Posts: 5,359
Default

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.
Reply With Quote
  #3  
Old 2nd August 2011, 01:49 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,456
Default

Most people when referring to 5% is based on turnover, outlay 100k you get 5k profit.
Reply With Quote
  #4  
Old 2nd August 2011, 05:23 PM
partypooper partypooper is offline
Member
 
Join Date: Nov 1999
Location: Western Australia
Posts: 2,383
Default

of course that could be $1000 x 100 bets, i.e the same $1000 turned over 100 times.
Reply With Quote
  #5  
Old 2nd August 2011, 06:35 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,456
Default

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.
Reply With Quote
  #6  
Old 2nd August 2011, 09:32 PM
Jimbo72 Jimbo72 is offline
Member
 
Join Date: Jul 2011
Posts: 7
Default

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
Reply With Quote
  #7  
Old 2nd August 2011, 09:45 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,456
Default

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.
Reply With Quote
  #8  
Old 3rd August 2011, 04:42 PM
Jimbo72 Jimbo72 is offline
Member
 
Join Date: Jul 2011
Posts: 7
Default

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



Quote:
Originally Posted by Shaun
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.
Reply With Quote
  #9  
Old 3rd August 2011, 05:45 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,456
Default

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.

Last edited by Shaun : 3rd August 2011 at 05:47 PM.
Reply With Quote
  #10  
Old 3rd August 2011, 09:12 PM
Jimbo72 Jimbo72 is offline
Member
 
Join Date: Jul 2011
Posts: 7
Default

Cool thanks everyone for the help !


Jimbo72
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 11:05 PM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655