Hello everyone. I'm feeling really bad that I haven't been able to grasp POT!!! Too busy getting those two Big Winners at Brisbane last Saturday,I guess. Something else I can't get a grasp of is, why you have'nt set BJ (see post,4 down) straight that POT is LONG-TERM not a WEEKLY thing. In his example we have another misguided POT believer informing me that you can compound your bank, using POT (even at a measely 1%) into the heavens. Is it feasible? If we use the 52-week POT method then a $1000 bank turned into $1520 by betting $1000 per week is,let me see: $52000 turned over, earns $520 is ....1% POT!!!!(fantastic). After thrashing this all out just last week (on the "POT thread") one thing emerged: If you wish to win more ACTUAL money you'll have to INCREASE your bets eventually (ie if BJ makes 1% regularly p.w. on $1000 wagered and now wants $20 p.w. he MUST increase the weekly betting amount to $2000 p.w to double his "constant" 1% into 20 REAL dollars). Maybe he will wait until his $1000 bank grows to $2000 before doing this,following which any sustained set-back ( at $20 per bet) for a few weeks may destroy the compounding effect dramatically (or the bank itself).
What is even more interestlng is that Shoto thinks I'm confounding POT with ROI when it's (again) BJ (sorry to be picking on you) who's actually doing that. See his post and you'll immediately realize that it's THE END RESULT he's interested in. When $1000 becomes $1520 he's made 52% and KNOWS IT!!! When I put $1000 in Com Bank shares at $25 and they get to $36 (plus 8% divs, seen as a % of the BUYING price) then I too have made.....52%!! I do not have to know that thousands of miniscule transactions (analogous with OUR individual bets) have taken place:that the entire cash reserves of the bank have been lent out and gone round 10 times (that's POT!!). Reality is (please see Financial Section of any paper) that many many companies have quadrupled and more in two years (the WHOLE market is 60% ahead+ divs). What started all this debate was SQUIRTER reckoning "better than bank interest" is an acceptable performance (5.5% = 0.1% per week compound). Why arent you all giving HIM a serve for such a LOW "satisfaction" threshhold??? see his insightful comment on me,just below.