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12-26-2020, 06:22 PM | #1 |
Grade 1
Join Date: Aug 2019
Posts: 111
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Daily Profit Objective Per Amount of Bankroll
How much of a daily profit should a handicapper expect to make with a $500 bankroll ?
That is a major problem, handicappers try to win too much per day based on their bankrolls. |
12-26-2020, 07:39 PM | #2 |
Grade 1
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HOW MUCH ScottB ???
IGNACIO............... |
12-27-2020, 03:52 PM | #3 |
Grade 1
Join Date: Feb 2006
Location: central islip ny
Posts: 1,090
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Tough question to answer. What do your records show is your roi? For instance if you normally make 40%, than you should make $200 for every $500 you bet. Keep in mind that is an average. You make make $0 one day and $400 the next.
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12-27-2020, 09:47 PM | #4 |
Conley
Join Date: Sep 2018
Location: Fergus, Canada
Posts: 1,777
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Like what Gandalf said above it depends.
The contributions to this question would be: Hit rate (How many times your bets hit at) Wager amounts (How much on a Win bet, Exacta, Pick 3 $1, $2 $50 etc) Odds (How big of a price is he/she? 3/2,1/2,1/1,5-1 etc) Bets per race (Bet a lot per 1 race or bet every few etc) Amount Won Back From Winning Bets (Kind of like #2) Those factors above play a big roll in how much profit you have with $500 and how far you can stretch it over races over time. Hopefully this helps. Good luck ScottB!
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12-27-2020, 11:12 PM | #5 |
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Join Date: May 2009
Location: Thornhill ON
Posts: 437
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How thin is thin
Your total comfort level.
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12-29-2020, 08:59 PM | #6 | |
Grade 1
Join Date: Aug 2019
Posts: 111
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Quote:
Taulbot also added that it might be wise to select an even more moderate daily profit objective. It doesn't seem like much but it's realistic if you plan to stay in the game for the long haul. |
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02-07-2021, 06:03 PM | #7 |
Grade 1
Join Date: Jul 2005
Posts: 340
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Dick Mitchell always said 20% on your money was pro level...
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