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Depends on the size of your bankroll and how much time you put in.
Just off the top of my head, for an intelligent addict who doesn't sleep much. £10 = 200% £100 = 40% £1000 = 20% £10000 = 10% |
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Are you talking about betting ? Unless you know what you are doing, it won't matter how big your bank is.
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I thought that was too obvious to mention ken :)
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Having been playing around with BETFAIR for around two years ...and as ex-stock market derivatives trader ....& now taking BETFAIR seriously and making regular good dosh ....I've**to the following conclusions (for me anyway) - and the way I bet (laying correct scores)
£100 - can make £10 - £30 P/week. £ 1000 - can make £100 - £300 P/week. My aim is to have aound £ 20,000 in Betfair & with this I would aim to make around £2 - 3k per week at least! I'm currently only betting on the footie (Horse racing to**) This covers normally 2 - 3 specially selected games p/week. I also "dutch" certain games .....just depends on what my predicted outcome is. So ROI at present 10 - 30% per week - just hope it continues. |
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x bank = x return
biggest myth EVER. |
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Why do you only lay correct scores Rockinron?
Over the past 3 months or so I've made 451 * £2 Back bets and 427 * £2 Lay bets on correct scores in English League matches. I've made £426.18 on the back bets, but only made £55.70 on the lay bets. Having said that I do tend to avoid laying 3-3, 3-2 and 2-3 scorelines cos I don't fancy losing too much and often they tend to be best for laying. |
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3% profit compounding per week nets you 21* your money after 2 yrs
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fatboy Joined 13 Oct 2001
Strange question from someone with eight and a half years experience on here. |
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Over the last 3 months; using only smallish stakes; I'm getting a solid 60% a month - better than the ISA thats for sure..
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I have a weekly 5 figure turnover (being here all day every day) and am happy with 5 - 7% roi after commission (which usually gobbles up around 1/3 of the weekly profit).
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So Rockiron, you think that you can make 30% per week, or 1560% pa on your money by gambling on BF.
Did you quit derivatives trading because you were so brilliant and you made so much money, or because you were an idiot/ fantasist/a danger to your institution's financial health. Let me guess . |
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First of all cosmic ...
we (succesful punters?) all have our ways of trading that we're comfortable with - if you look at the number of posts on correct score laying 7000 +.... therein lies the clue . With regard to the comment from the stupid tw*t below I'm not even going to commment except that with around £20k in Betfair I'd hope to pull out around £2 -3k per week ...NOT COMPOUND ! |
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60% a month? That won't last.
Why not? Because after 2 years at 60% a month, starting with £100 you'd have a bank just shy of 8 million quid |
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Rockinron
Are you for real ? An ex-derivatives trader ? Give us a break. 30% per week = 1560 % pa In case you still can't work it out = 30 * 52= 1560 Nothing compound about that. But now you say you will ONLY make 3 K per week from a capital base of 20 K That, 156 K pa = 780% pa. Get it hot shot ? |
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1,560%...780%....of what exactly?
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20 K . That is your starting capital.
What else ? Do you understand maths at all ? 780% of 20 K is 156 K= 3 K per week. |
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Lori hit it right, the lower the stake the higher the return. When you start pushing for more, thats what seperates the men from the boys.
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YLB, I'm pretty good at maths actually, although I never claim to be the leading light on any particular subject, but I'd be grateful if you'd answer a question; why do you find it necessary to be aggressive and insulting on almost every thread you engage with? Why don't you focus on trying to help people instead of criticising and attempting to ridicule?
The guy didn't say he was utilising his £20k (other than it was in his account) and whilst it could be conceived this is invested it doesn't necessarily relate to turnover, which is perhaps more important. If he makes £2k-£3k per month with this, why would you doubt it? |
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Dear stupid tw*t "yourlittlebotty....
this will be my last post on the matter .....fact & as example - another Ex-Bond Trader Adam Todd featured in a well known (now defunct) gaming magazine was making in the order of £ 40,000 per annum trading the money flow on horse racing. The capital (Betfair Bank) he used to acheive this was around £2,000 YES only £ 2,000 ! I guess - as he made his weekly profit he'd withdraw it ! Nothing wrong with that ....& I tend to do the same. I attended one of Adam Todds very excellent trading workshops ...but his method of trading is hard work & not for me. I've found another very successful way of trading on Betfair ...& this i what I do. Will I ever divulge on here my my successful trading method ....dream on ! |
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I thought these kind of threads were only on the ''football forum'' but sadly not so it seems. Very sad.
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OK Rockinron.
If you think you can make 100' s of percent pa returns on capital employed by gambling go ahead. Most of us have our feet on the ground and do not go by the moniker of Walter Mitty. Relentless I am trying to be cruel to be kind. That's all. Don't be so precious. |
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Thanks for your support relentless...
unfortuntely there are to many people on the forum who just like to be insulting & agrressive .....maybe they're just bad losers or just have very ......very miserable lives ? As I'm now semi retired & used to a high income & a very good lifestyle I wish to sustain this - hence my big interest in BETFAIR but as any sensible punter on here will know it's not that easy. As for calling me "Walter Mitty" I don't think the Ferraris I've owned, The Rolls Royces I've owned The Porsches I've owned, the Jensen Interceptors I've owned not to mention the numerous Mercs, Jaguars & BMW,s the holidays in the Far East & Monte Carlo etc ...etc .... are all for real ! Oh ...& the reason I use the name RockinRon - I used to play in a band in the 60's .....had a fabulous time - still play now (badly) but I have a fabulous black Fender Stratocaster under the bed personally signed - "to Ron from EC '99 (Eric Clapton)" yours RockinRon |
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YLBs point is the same as mine, your ROI slows down based on your bankroll.
FWIW All of my figures there are not far off personal experience, adjusted for changing times, some rounding, and some disguise as to my earnings. |
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ROI isn't everything of course. If you are backing 100/1 shots on the golf, anything less than a 10% ROI is disappointing really. However if your modus operandi is to lump on 1.05 and shorter, the highest possible ROI you could achieve is 5% even if you are getting stonking value (i.e. true 1.01 shots or shorter).
Indeed even if you were a courtside Tennis hooverer who waited until GSM, your ROI might only be a few % yet you have a risk-free income. |
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Attention folks
"Inventor of impossible to lose 8 in row Football betting System" is involved in this thread,..... should make you suspicious at least :) Besides i think most of the waffle here is just fruitcake plan. Stuff like i make 60% bla bla.... oh dont get me even started..... |
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Rockinron
You have, or had , all that ? And currently you need BF to sustain your lifestyle ? Something must have gone seriously amiss ? Did you wake up or something ? |
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Ron, are you sure that you can multiply your starting bank almost eight times in a year? Do you think the markets are that inefficient?
Were the derivatives markets you were trading that inefficient? Why shd sport markets on bf be so inefficient? Pls consider these questions b/f you start to think y/s invincible and inevitably crash and burn! |
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YOULITTLEBOTTY 01 Apr 10:32
Relentless I am trying to be cruel to be kind. That's all. Don't be so precious. Thanks Dad. |
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NO FURTHER POSTS !
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Speaking for myself only of course, I think Rockinron's posts to date have given me enough info about him for me to be able to judge the veracity or otherwise of anything and everything he posts on here about gambling on BF, or about anything else probably for that matter.
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rockinroll, none of this adds up. you know it, we know it. why bother to put up so obviously ridiculous information
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How do i sign up for this derivatives trader/international playboy lark. It sounds like a right hoot.
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The derivatives trading is real easy, but the int'l playboy bit can be real hard work.
I know these things. |
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having seen YLB on many a thread I also concur that he could start a fight in an empty room. would he be so aggressive face to face?
Try being nice for once. |
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50k a year with an average 10k bank seems an entirely reasonable number. I'd be amazed if that's not very standard from the mid level pros.
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For me that would mean that if i had 10k in my bank, and cashed out everything above it, at the end of the year I'd have 52k in cashouts and have 10k still in my betfair bank.
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Annually if can make 100%-150% bank of 10k you are doing pretty well.
A 10k bank would be overkill to return 10k a year imo. |
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In fact "what planet did you fall out of the sky from?" is a very odd thing to say.
The more I think about it, the more I have no idea why you posted it. How much do YOU think you need to make 10k a year, because I've never had 10k in my betfair account in my life (I don't think, maybe been close a few times) and if I only earned 10k a year, I'd have had to give up 3-4 years ago. If I were an aggressive gambler and one of the best, then I could understand you not believing the numbers, but I'm somewhat of a plodding grinder in reality. I don't use API or anything of that nature, I just put in a lot of hours. Betfair is getting more efficient, and I've allowed for that in those estimates (Let's face it, 5 years ago you could easily double a £500 bank every week (That is cashout 500 and leave 500, not infinitely double it)). Maybe horse racing is different to other sports or something. I guess there's only 50 or something races a day (Though I thought it was more these days with different nationalities), or maybe those markets are more efficient than other sports, though I doubt it. |
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I agree with delta.
This all this all slightly distorted argument, I think bank size (available funds) is almost a complete irrelevance on profit, bank could just be sitting there being under utilised. Surely it depends what you're doign with it and how often its used and therefore isnt it easier to calculate this by Return on Turnover? Turnover x amount each week/month expect a x ROT. |