Quote:
Originally posted by pmd62ndst
That's only assuming you can increase your ROI without losing any plays, which is very difficult to do.
For example, I will always take the 2% ROI over 6% >IF< the 2% method provides 10 times more wageable opportunities.
PMD
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I don't understand what you are saying. If you bet $1,000,000 a year with a 2% ROI, you only make $20,000. You ever try to bet $1,000,000 a year-not an easy task I'm sure.
Now if you can make 6%, you only have to bet $500,000 and you make $30,000. Now you're making $10,000 more per year and only working 1/2 as much---hey, I'm all for cutting back on the work.
Now, if a fellow was smart enough and a little bit more selective in the tracks he played and the races he played, he might could get his ROI up to like maybe 15-20%. Now he could only bet $200,000 a year and he is putting between $30,000 to $40,000 in his freezer. Not great, but not too bad for part-time work.
Where am I going wrong?
JM
