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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