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Old 14th March 2005, 01:00 AM
partypooper partypooper is offline
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Join Date: Nov 1999
Location: Western Australia
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Default Question for the would be Pro's

Consider this, 3 x $1000 bets, 2 x losers, 1 x winner @ $3.15c, would you consider this as good business??

i.e $3000 wagered, for a profit of $150. put a few zero's on this and multiply by 150-300 bets a year and that's where you're at, i.e 5% Profit On Turnover, considered (so I'm told to VERY acceptable) and may have to settle for 1-2%, like our high roller, recently (sorry forgot username, $10 mil t/o, should rule a few out though)

Put like this, it makes you realise that the PROFIT is basically in the price obtained, even for the BEST players in the land!!

Just food for thought, (remembering my username is "Partypooper" )
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Old 14th March 2005, 03:52 AM
Chrome Prince Chrome Prince is offline
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Default

Partypooper,

Consider this, 3 x $1000 bets, 2 x losers, 1 x winner @ $3.15c, would you consider this as good business??


Yes, providing this sort of strike rate and return is sustainable.
It all comes down to research and data in my opinion.

If there is sufficient bet history to be confident in a longterm result, then yes 5% POT is very good business.

Put like this, it makes you realise that the PROFIT is basically in the price obtained, even for the BEST players in the land!!

Perhaps the best advice on this forum for a very long time.
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