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View Full Version : 203 WIN BETS, 1 BET IN EACH OF 203 RACES, RETURNED A $2 FLAT BET PROFIT OF 5.8% AND A


formula_2002
06-06-2010, 10:15 AM
THE BIG "PROBLEM" WITH SHOWING A PROFIT IN OVER 200 RACES IN ONE DAY IS, I THINK THE PROBABILITY OF ME REPEATING IT IS HIGH :)

THE FILES WERE TO LARGE TO POST HERE ON PA, SO I HAD TO POST THEM ON MY WEB PAGE..

Buckeye
06-06-2010, 10:30 AM
That's great, but How much money did you make? What it is people-- is this: you're either in the top tenth of one percent in this "area" or you're not. There are different ways (approaches) to get here. But the bottom line is the bottom line. You could use Formulator or CJ's figs, who cares? You are the deciding element. Nice 2 cent word element.

formula_2002
06-06-2010, 11:39 AM
If you can show a long term win pool return on investment of 1, how much can you make playing horses.

Say the average win pool handle is $20,000 and your average bet is on horses that are 23% of that pool.
Say that you can bet 1% of that and not significantly change the odds.
Say further that your model allows for a bet in every race.
Say you can bet 100 races a day

Then the daily bet total is $20,000*.01*100*.23=$4600

Now say you can a 3% rebate
Your average daily take is $138

Buckeye
06-06-2010, 12:39 PM
That would be Seven times 138. I'll take it and weep. :)