Whats the best strike rate to have to be a good gambler?

33% strike rate and a brand new coverbet software system that stops losing runs instantly, prices from 99p

D


why 35% btw? what if you found 1000.0 shots that won every 990 times?

sounds like something inbetween options e and e

100%

strike rate is irrelevant without knowing what prices you back at!

f other

depends on your odds???

if you arb then 1% is ok but no good long term as you need too much £

trading is the same you need the % in your favour

i.e. 10 losers versus 2 winners or 10 wins versus 2 losers its all down to price

then there is gambling thats you versus the world your opinion versus everyone else

you do the maths

Speaking of 1000.0 shots, it's very very rare to see a pre off 1000 horse win a race, I've only seen it once and that was Bermondsey Bob iirc, so the daily 1/2 a million layer on each 1000 race must be doing pretty well I reckon, even though he took a hit in 2008 (in-runing 1000 shots are a different story).

5 even money winners....or 1 @33-1.......work it out yourself........as others say silly andi rrelivant.

70% return on investment here, playing fruitmachines.

can't make it pay

harder to get better odds on here though at shorter odds than bigger odds, ive read that since betfair sp started returns better than bookies sp by 39% before commission. But im guessing most of this 39% from winners at 10to1 plus?

where's Lori when you need him to put up the 'head in hands' pic? :-)

d the key word is 'gambler' -if you are doing it for fun then the higher the strike rate (with sensible stakes) is best as it gives you more bizz and hence fun.

................................,-~*`¯lllllll`*~,............................. .....
...........................,-~*`lllllllllllllllllllllllllll¯`*-,..........................................
......................,-~*llllllllllllllllllllllllllllllllllllllllllll*-,......................................
..................,-*llllllllllllllllllllllllllllllllllllllllllllllllllllll.\... ..................................
................;*`lllllllllllllllllllllllllll,-~*~-,llllllllllllllllllll\....................................
................\lllllllllllllllllllllllllll/...........\;;;;llllllllllll,-`~-,................................
.................\lllllllllllllllllllll,-*.............`~-~-,...(.(¯`*,`,...............................
...................\llllllllllll,-~*........................)_-\..*`*;..)..............................
.....................\,-*`¯,*`)............,-~*`~................../...............................
.....................|/.../.../~,......-~*,-~*`;.................../.\..............................
.................../.../..../..../..,-,..*~,.`*~*..................*...\.......................... ...
...................|.../.../..../.*`...\................................)....)¯`~,........... .........
...................|./..../..../........).........)`*~-,............../.....|..)...`~-,..............
.................././.../....,*`-,.....`-,....*`....,---......\...../...../..|..........¯```*~-,,,,
.................(............)`*~-,.....`*`.,-~*.,-*.......|.../..../..../...............\..........
..................*-,.......`*-,...`~,..``.,,,-*.............|.,*...,*....|.................\.........
......................*,.........`-,....)-,..................,-*`...,-*.....(`-,..............\........
........................f`-,........`-,/...*-,___,,-~*.....,-*......|....`-,...............\.......

basically you just need to divide1 by your average odds. the difference between 1 and the number you get is the strike rate you need to break even excluding commission.

eg.

average odds 2.5

1 / 2.5 = 0.4

Therefore you need a 60% strike rate to break even excluding commission at average odds of 2.5

It is about your average odds, not setting yourself a specific strike rate which isn't dependant on anything except a wild estimation.

basically you just need to divide1 by your average odds. the difference between 1 and the number you get is the strike rate you need to break even excluding commission.

eg.

average odds 2.5

1 / 2.5 = 0.4

Therefore you need a 60% strike rate to break even excluding commission at average odds of 2.5

Without taking commission into account, you just need a 40% strike rate to break even. 40 times out of 100 you win 1.5 ie 60. 60 times out of a hundred you lose 1 ie 60.

Depends on your psychology.Iin an ideal world you want a higher strike rate as possible if you don't want losing runs, but the higher your strike the more likely your Roi will suffer.

Irchester, you have a losing mentality and you know it.

Rather than implicitly asking, 'how long should I have to go before winning?' (even if your winnings are not going to recoup yr losses), you shd be asking y/s 'how can I get an edge? How can I maintain my edge?'

I am pretty sure you know this is right.

In yr place, I wd set m/s this exercise. Find a sport (horse racing wd be best) where you have a sense of y/s as being able to come up w/ yr own odds and bet on a series of something like 100 horses which you think are going to lose.

By this I mean that you wd not make them the favourite in the race. But make sure that you are betting so that you think you have an edge on the price you take i.e. subjective probabilities are in yr favour.

For the sake of the experiment, I wd bet on a series of horses price over 20-1 which you give a more than 5% chance of winning.

Just bet the £2 minimum on each race and don't be too concerned about yr results.

The experiment will be a success if you can burn through the £200 (or whatever) w/out caring about anything but the odds you are getting and yr perceived edge.

It will be doubly a success if you end up turning a profit.