General Betting
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I 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 - 2
Average profit on each bet (after commission) - 10p in the £
Average win to lose ratio - 1 winner to 4 losers
Average stake per bet - 5% of bank
Average number of bets per day - 2
Average profit on each bet (after commission) - 10p in the £
Average win to lose ratio - 1 winner to 4 losers
Average stake per bet - 5% of bank
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Replies: 6
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Don'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?
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No, the 10% return is an average for all bets.
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I make it just under £38K. £37936.65
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Well, my (very rough) estimate was ten times that!
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It 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.
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Agree with Tongy. Works out at about 1% profit per day
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