New Posts For Thread: £1,000 bank, 10p in the pound profit, what's the bank in a year's time?https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-timeI think I worked it out very roughly, but the result seems impossibly high. Maths is not my strong suit. Any experts on this sort of thing who could give a 'ballpark' figure? I know it's not exact science.Average number of bets per day - 2Average proAgree with Tongy. Works out at about 1% profit per dayhttps://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427822#419427822Agree with Tongy. Works out at about 1% profit per dayTue, 15 Dec 2009 13:54:37 -0600It wouldn't be more than £38K. Probably quite a lot less as I didn't subtract for losing bets. Just compounded 10% return on each bet, two bets a day for a year. From £1000 after six months is £6143.93, six months after that £38K.https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427818#419427818It wouldn't be more than £38K. Probably quite a lot less as I didn't subtract for losing bets. Just compounded 10% return on each bet, two bets a day for a year. From £1000 after six months is £6143.93, six months after that £38K.Tue, 15 Dec 2009 13:47:45 -0600Well, my (very rough) estimate was ten times that!https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427814#419427814Well, my (very rough) estimate was ten times that!Tue, 15 Dec 2009 13:42:25 -0600I make it just under £38K. £37936.65https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427810#419427810I make it just under £38K. £37936.65Tue, 15 Dec 2009 13:26:51 -0600No, the 10% return is an average for all bets.https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427806#419427806No, the 10% return is an average for all bets.Tue, 15 Dec 2009 13:22:28 -0600Don't think you mean 1 winner to 4 losers as you would lose your bank pretty quickly at a 10% return on a winning bet?https://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427802#419427802Don't think you mean 1 winner to 4 losers as you would lose your bank pretty quickly at a 10% return on a winning bet?Tue, 15 Dec 2009 13:18:33 -0600I think I worked it out very roughly, but the result seems impossibly high. Maths is not my strong suit. Any experts on this sort of thing who could give a 'ballpark' figure? I know it's not exact science.Average number of bets per day - 2Average prohttps://community.betfair.com/general_betting/go/thread/view/94082/23481682/1000-bank-10p-in-the-pound-profit-whats-the-bank-in-a-years-time?post_id=419427794#419427794I think I worked it out very roughly, but the result seems impossibly high. Maths is not my strong suit. Any experts on this sort of thing who could give a 'ballpark' figure? I know it's not exact science.Average number of bets per day - 2Average proTue, 15 Dec 2009 12:52:18 -0600