BJ, surely your example between stock market and punting is a bit askew.

Your example has punting turning over $52000.00 for the 1% profit. Your example of the stock market only has a turnover of $1000.00, of course the punting is going to make more money. It has a turnover 52 times greater.

If you had invested the same amount on the stock market you would have made more.
You have to compare apples with apples.

Granted you would have to have the $52000.00 up front for the stock market, whereas you can continually recycle your winnings on the punt. Just another reason why it is a difficult go to compare one to the other.