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General Betting
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Why bother?
We could turn off the computer and have a nice cup of tea instead.
In other words, will I ever be rich?
We could turn off the computer and have a nice cup of tea instead.
In other words, will I ever be rich?
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Replies: 77
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I think you'll find it's 4-6% of turnover, not of bank.
The more turnover, the greater the total profit. |
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turnover of 100 million would see you ok, not too hard to achieve
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I agree with buzzer.
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4/6% where does this figure come from? Veitch claims 16%, Harry F reckons no more than 8%
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horse for courses, I am sure there are different ways
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But essentially, people who make big money already have big money?
Or is the idea that you land a big acca and take it from there? I want to be inspired! |
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I typed out a lovely long reply to this but when I press submit it just goes green and freezes for some reason. So you'll never hear my fascinating comments on this subject.
Of course, I'm probably wasting my time typing this as it will go green and freeze again won't it... |
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no, apparently not! bloody forum. Is there some sort of character that stops posts going through? I did use some percentage signs...
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copy it in word before you post so at least its still there when this **** forum messes up
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Brimson Joined: 09 Jun 04
Replies: 9 15 Jun 10 15:13 But essentially, people who make big money already have big money? Or is the idea that you land a big acca and take it from there? I want to be inspired! Start small and build it up. If you're good, it'll build. Certainly not the second option. |
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I did copy it at least. One last try without the per cent signs...
------------------------ Depends what you are backing really doesn't it. Findlay (as far as I know) is a fan of lumping on short prices, which makes a large ROI pretty much impossible. Veitch, according to the part of his book I read before I got bored and shelved it, uses dodgy inside info from trainers etc to back horses in from 33/1 to 11/2 or something ridiculous. So at prices like that a larger ROI is possible. I'm sure I could have an ROI of over 10 per cent if I just stuck to backing, say, Golfers over 50/1. But that would cut out an enormous amount of profitable bets. Far better to have an ROI of say 6 per cent on turnover of 5m GBP, than an ROI of 12 per cent on turnover of 1m GBP. As an extreme example, you could be a fast pic merchant hoovering up 1.01 on all the Tennis/Golf/Football etc. You would never have a losing bet and make a fantastic living from it, but your ROI would only be 1 per cent. |
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Success! It was the Pound signs that were the problem I think. Changed the per cents and it still wouldn't go through, then did one last try changing the pound signs to GBP and it worked.
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Thank you Knight Rider.
I had a similar problem with the forum Lots of articles about Findlay refer to a big break - where he won 11 grand about 20 years ago. I guess I just always dreamed of being a high roller. I have a solid-ish job which will never make me rich, but which is quite secure. I just have to resign myself to another 30 plus years of work and then death. |
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how much is your bank Brimson? If you are good enough it doesn't matter where you start. For example a 500 euro bank, if you could manage 0.5% on average per day it would take around 5 year to hit a million.
I know it sounds impossible but I am just pointing out that the size of your bank shouldn't be an obstacle if your in for the long haul!!!!  |
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I only punt to small stakes. My bank is 200GBP.
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start with that
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well to go from 200 euro to 100,000 would take you 1,247 days at an average of 0.5%.
The problem with alot of people is the come on betfair looking for the get rich quick schemce. It doesn't work like that, its a tough hard slog and then you still might not make it |
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starting off low lets you make your mistakes without costing you a bomb as well
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I read somewhere that only 3% of people on betfair are net winners.
God only knows if that includes me! |
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if you don't even know whether you are a winner or not, I would suggest you are on the wrong site
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Surely a delusion that you're a winner is much more dangerous?
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Brimson Joined: 09 Jun 04
Replies: 12 15 Jun 10 16:37 I just have to resign myself to another 30 plus years of work and then death. That depressing comment did make me laugh. You do have the option of stepping out of the dominant culture of resignation and mediocrity. |
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Brimson will you cry yourself to sleep again tonight?
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Possibly, after I get off your mum.
Thanks for your contribution. How does one step out of a culture? |
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Brimson:
How does one step out of a culture? Free choice? |
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No, that is why you might choose to do it.
I asked how. |
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Just get a job Brimson you lazy parasite.
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Surely only you can answer that? I was just pointing out that we can make choices. We don't always have to follow what we think is the right thing to do based on previous experiences and outside influences.
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I have a job, I just dislike it.
You are a very antagonistic avocado. |
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Do you think Sport owes you a living?
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No, I don't. What an odd question.
By the way, I don't understand your aggression, but do carry on if you're enjoying yourself. |
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I know who you are, you're Richard Brimson, the millionaire businessman and owner of Virgin company. You're just pretending to be poor.
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I have spent a bit of his money in the past, but he wants it back. If I don't stump up, I get charged about 18% per month.
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Horse Racing is the place to make small, regualr returns.
Not backing them either. Fixed to kingdom come, the great beauty in BF is the ability to learn the tricks of the trade from certain patters. I dont just mean drifters, too obvious, and overall... laying drifters and backing steamers does not provide profits either. There are distinct patterns that can lead to profits if you know what you are doing. |
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So, I need to watch racing markets and search for patterns?
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they're in every market
watch them and try and understand what is happening and why |
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not sure if they are in every market, but horse racing is a dream.
the most liquid market, and the most bent market. wonderful. but it took me nearly 8 years to get a grip of it. dont expect miracles overnight, i lost close to 200 grand before i got a grip hold. |
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in pounds?
Jesus. Those are soe big balls and deep pockets you have. |