What does pts/points mean when staking please?

in the words of John McEnroe..

'you cannot be serious'.

A points system is a common occurrence in betting where YOU decide how much a point is. Tipsters will often tell you how many points they think you should bet – such as a 2 point win. The beauty of this is that you decide what value each point has when you begin. A lot of people start with a 100 point base so if you had started with, as an example, £100, you would simply divide this by 100 to get the value of your point – £1.00.

How much would my bets cost?
A brief explanation is laid out in the table below. The purpose is to show how much, in total, your outlay would be if you were using £10 stakes, for example, on a bet.

Stake    £5 points    £10 points    £20 points
0.5 points    £2.50    £5.00    £10.00
0.5 points each way    £5.00    £10.00    £20.00
1 point    £5.00    £10.00    £20.00
1 point each way    £10.00    £20.00    £40.00
2 points    £10.00    £20.00    £40.00
2 points each way    £20.00    £40.00    £80.00
It is imperative that you decide how many points you will use before you start betting if you decide to use a points system. By changing your point value half way through the month will hugely distort your profit/loss as you could win, say, 10 bets whilst using £0.50 points. If you then lose 10 bets with £2.50 points you will ultimately not be in profit for that month.

Would recommend that once your betting bank increases by 50% of the starting points, you increase your point value by 50%.

Example
Once your 100 point bank becomes 150 points, you increase your point value by 50%, so £5 becomes £7.50, £10 becomes £15 and so on.

I think Betfair issue you with one "point" for every thread that you start on the forum - double points if your thread is utterly pointless (pun intended).

At a quick glance you are +10 points today stewarty b - well done!

Thanks for that 11kv. My problem with the points system is that if you lose the 100 points it's back to square one. I prefer to stake accordingly as to how much I fancy a horse/selection. ie. If I fancy two one day both at say 2/1 I might fancy one more strongly. Therefore it might be 75 on one and 100 on the other bearing in mind if you take the next 10 2/1 shots on here some will be better value than others in my eyes.

Bit like a Tesco club card points make prizes.

  11kv,hard to believe that Stew and GeorgeB are not the same individual?

Malcolm X "Pales" beside them!!

I know that's tongue in cheek Toby and I like a laugh (even at my own expense) but as a friendly bet I'll give you 5s anytime. Max. stake 1k.

It was tongue in cheek stew,you cannot compare with George!!

i concur with the management...

I lied or was midirected by George!!!

1 pt =£1 when telling the missus you've blown 10 pts. 1 pt =£100 when you post here as to how many points you are up this month.

i reiterate ricos concurrence

merci

boco