Quote:
Originally Posted by tfm
what is this ROI? how well do the good professionals do?
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tfm,
You seem like a sharp guy, and I thought you might be a pro, so I thought this question might be a put-on. But if not, ROI is return-on-investment, or some might just call it your edge. As you suggest the issue of ROI and the definition of a professional gambler are two separate things. I guess you could describe a pro as anyone who derives all or the largest part of their income from gambling. In a sense, it doesn't matter how high your ROI is, but obviously it must exist. I've mentioned Ernie Dahlman, a horseplayer who makes in the neigborhood of $750k with a 3% ROI + rebates. The average blackjack pro has only a 1% ROI, but this doesn't stop a number from making low six figures. Re the names of horseplayers I mentioned, all were Sartin players (even Mitchell used the figures) who averaged in the area of 25-30%, and were professionals for a number of years. I've known other talented players in this same general zone, and as I said, Benter's ROI performance has been documented in the same range. So when I said 'good' this is my own estimate of what is possibly the high range of professional play. Certainly, it's not easy to achieve. But obviously, it's possible to make excellent money with a lower ROI, and this was my main point for Richie. His performance so far is still very good, well within the range of profitable play, and that he has no reason to be discouraged.
Cheers,
B Jennet
11-01-2009, 03:08 PM
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