Tobes

Not sure exactly but I reckon I was about 10K down.

ROI being considered a weekly thing is a laugh for one

I already posted my Standard Deviation figures. What's yours? I think that 2.9 times my avg profit is probably slightly safe and that most people would be above that, but I also suspect that many people are A LOT below that.
At 2.9, an average weekly ROI still makes a fair amount of sense.


but 10% on 10k a week[the lowest rate] is just silly.


What's silly about winning £1k a week with a £10k roll?

That's a perfectly sensible average win rate off a roll that large on Betfair alone. Obviously you can increase that if you take in more options.

I guess you're just not going to accept the reality of the situation so there's no point continuing the debate.

Lori's numbers dont seem that out to me. No point getting hot under the collar about it though.

Different styles/markets/sports who knows what is "right"

and fwiw catfloppo is right.

I'd rather win 21000 a year off 100k than 20000 a year off 2k.

To win 10% a week, and forgetting the impact of any compounding which isn't what we're talking about of course:

If a typical bet is about 3% of the bank with an edge of 2%, you'd only need 1670 or so bets a week, that's basically 250 a day.

As usual there's a lot of definitions at play here, but say you're laying a correct score market in soccer. There's 17 bets in play at once and as you're making a market, you can probably lay a bit more than 3% of your bank. Not only that but 2% seems reasonable in that instance.

Soccer correct scores is no longer really my thing, but if we say 100 bets is a conservative number for one match, your 250 is easily reached.

After typing this I thought I'd check how many bets Ive had since midnight on April 1 (the start of april ) and the number is 208, of course that number would be higher over the weekend and lower over mondays etc. I've also been taking it easy because I do my monthly stats at the start of a month and I finally got Twin Peaks season 2 after waiting many years.

Not the first time recently that someone's put up a seemingly innocent little question then gone totally awol

AS I say Lori, the bookies don't make what you're claiming to make, return wise. Small or large scale, no matter.
Why is that ?
In fact there is no financial entity, institution, hedge fund, investor ( certainly not Warren Buffet, George Soros) anywere in the world to my knowledge making 100's % pa return on capital consistently and recurringly.
And yet you seemingly are, quite easily in fact.
Seems a bit hard to believe, don't you admit that at least ?.
If you can do what you say you can, then I think you're wasting your talents a bit by not trying to be more ambitious.

wd by the way Jimmy .

you ARE a pc payer then ? ;)

Lori ,the people making more than a grand a week on here must be in single figures

Not yet I'm not Coach...

Coachbuster 03 Apr 03:17
Lori ,the people making more than a grand a week on here must be in single figures


no way in the world

how much does that swedish company make?

A LITTLE-KNOWN Swedish company turned over nearly pounds 500 million on betting exchanges, including Betfair and**, in the first six months of 2008, the Racing Post The Racing Post is a British daily horse racing, greyhound racing and sports betting newspaper. It is owned by Sheikh Mohammed and published under a 10 year lease by Trinity Mirror. can reveal.

Stockholm-based Betting Promotion Ltd, which describes itself as a "market maker" who "puts up prices on markets so that customers always have plenty of opportunities", turned over more than pounds 498m in the period from January to June 2008, showing an operating profitOperating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.

--------------------------------------------------------------------------------

operating profit of around pounds 558,000.

That's the company profit, not their betfair winnings of course.




http://www.thefreelibrary.com/Swedish+'market+maker'+turned+over+pounds+500m+on+the+exchanges-a0186408395

Maybe they can get round the charge easier Lori, but i still cannot see how BF could sustain too many winners at that level ,there arent enough losers .

maybe 12 then ;)

and yet you know someone who wins £50k a year on b365 betting entirely on squash matches , and find that perfectly believable?

FINE AS FROG HAIR 02 Apr 20:01
AS I say Lori, the bookies don't make what you're claiming to make, return wise. Small or large scale, no matter.
Why is that ?
In fact there is no financial entity, institution, hedge fund, investor ( certainly not Warren Buffet, George Soros) anywere in the world to my knowledge making 100's % pa return on capital consistently and recurringly.
And yet you seemingly are, quite easily in fact.
Seems a bit hard to believe, don't you admit that at least ?.
If you can do what you say you can, then I think you're wasting your talents a bit by not trying to be more ambitious.

Warren Buffet has been compounding his profit since the fifties. If you stick to a low bank and withdraw the excess there's no reason you couldn't make an average return exceeding 100% per year.

You consider 100's% pa return incredible, but it's actually possible to make an infinite return if you set up a business without putting your own money in, let alone a paltry 100% per year.

:( they are pocketing £52k on Football a week. Could only dream of it.

Its still only 10m a week total turnover on football which you could see on one big game. So reckon there are more big players out there.

brendanuk- i cannot quite get my head around wht they actually do? am i just having a blonde moment or could someone please explain it to me how they are making 50+k per month on football....

Investor
Warren Buffet does NOT and has NEVER made compound returns on investment in the 100's.
Lori
Please just understand that we are just alll understandably jealous of anybody, anywhere who can make returns on capital in the 100's, however they do it ( drug dealers excepted).
I repeat that, to my limited knowledge, it just cannot be done on a consistent, recurring basis.
Maybe somebody has had a one time big hit and if amortised over a long period it might equate to a very large return on investment, but that's all.
It is not doable on a day day out basis imo.
As far as are peoplemaking over 1 K a week, certainly there must be a reasonable number. But probably not as many as you think relative to the number of punters.
You still have to find a true edge, And despite all that is written on here I don't believe many can really do that.
This forum is still basically the home away from home for dreamers and pretenders or people kidding themselves by conveniently excluding facts that don't suit their claims ( perhaps even subconsciously)
Now don't go off the deep end and say that I'm calling you a liar.
I'm just saying that I don't think you are interpreting all your own results correctly maybe.
Of course I could be totally wrong. Only you really know for sure.