Real profit
on investment in horse racing
So here's the bottom
line. Yesterday, December 14 2012, I could have walked in to any bank
in Australia and invested my punting bank at 6.1% (effective annual
rate) for 5 months.
That's right. No risk
(well almost no risk) and received a guaranteed 6.1% on my money.
The downside of course is that Wayne Swan would have been holding
his hand out next June 30 for half of that so the effective rate was
really 3.0% - governments (regardless of political colour) have an
insatiable greed for their share of the profits of my labour. The
ruling class have to be supported at all costs! We simply HAVE to
make sure they can retire at Noosa on their superannuation and live
their lives in eternal comfort because of the invaluable job they've
done for you and me!!!!
So that being the case
what am I trying to achieve from the punt. Remember, the return on
investment from any of the banks requires absolutely NO effort on
my part. And NO time investment on my part. It is absolutely labour
free. So if I am going to spend my time (invaluable) in trying to
achieve extra return what rate do I have to be looking at - bearing
in mind that the return from the punt (hugely increased risk) is tax
free after dividend - you do of course pay 14% tax to all the State
Governments - again to ensure the lifestyles of the ruling class who
mostly struggle to work out the right way to sit on a toilet seat!
In my opinion, if you
can achieve LONG TERM a flat stake return on investment of more than
10% you are probably headed in the right direction - provided your
time investment can be kept to a minimum. In other words you can spend
most of your time enjoying yourself and not taking hours and hours
out of your life doing the mundane and simply boring. The 10% is (in
most cases) not tax assessable - again apart from the outrageous 14%
state government taxes before the dividends that deliver you up the
10% profit.
Here's the double edged
sword - you can get (usually) an average extra 7% by using,say, Betfair.
The downside may be that you have to be attentive many more hours
a day unless you completely trust betting bots and your skill at assessing
the "trigger" level to bet at. So let's just stick with
the TAB for the purpose of this short article.
Not
many punters when they start up have the financial wherewithal when
they start up to be able to achieve a life changing income from even
a 10% return on investment but that doesn't matter. A 10% of your
bank extra every year without too much time investment may make your
mundane day to day job even tolerable :-).
The
bank you are starting with does not limit your potential LONG term
- it is merely indicating to you what your starting point has to be
and accurately predicting how long it is going to take you to get
to where you want to be..........PROVIDED you have discipline.
If
you are going to attack this in a meaningful and profitable way at
level stakes, you must have a bank equal to (in my opinion!) an absolute
minimum 50 times your level stakes bet. So if you want to have a level
stakes bet of $10 you must have a $500 bank. I think that's also a
fairly widely accepted equation for safety. Again, all depends then
on your average strike rate to achieve the 10% return. Please read
the many other articles on this site that refer to the complexities
of that.
If
you can achieve an average rate of return of 10% on investment, you
can quickly work out how much you need to turnover every week to get
what you decide is an acceptable level of profit for the hours of
work involved and to sustain your interest........THEN multiply that
by 50 again.... oh dear, you may be a bit short of the amount needed
to tell your ever loving boss where they can place their position?
Until you are absolutely convinced that your method of attack will
consistently give a minimum of 10% return, start SMALL and work your
way up. It won't take very long at that figure to double and redouble
any bank if your are betting a constant 2% of your bank - just think
how short a period of time it seems until last Xmas - it flys by.
You
don't have the patience to look that far forward? You want it all
now? Or by the second race at the very latest?
Then
try something else because nothing on this site is for you.
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RaceRate.com 2010 . All rights reserved. May be copied freely for
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