Mate, you're either taking the ********, very funny or a bit of both. I don't get out much but get to Mornington next meet and I'll challenge you to a punting showdown! Then again, its what's in the bank at the end of the year that counts, so you'll probably trounce me on the day and blow it all on the red hots that night! And I'll still be happy with my boring 5% POT

Dirk,

I'm with you mate, anything above bank interest rates does me just fine. People that want instant gratification out of the punt finish up in the poor house....

Cheers.

Sorry Squirter but I wouldn't bother with reading punting manuals, contributing to betting forums, endlessly messing around with every racing variable known, spending days online betting (or at the track, after driving 200ks to get there!!!) and then BE HAPPY WITH SLIGHTLY BETTER THAN BANK INTEREST!!!!!!!. You've got to be joking!! The stockmarket has given EVERYBODY 60% (ie in a passive Index Fund with no entry fees and not a second's heart palpitation) in two years while a number of individual shares are up several HUNDRED percent. You and I like a gamble and we're aware that there are plenty of others too. So instead of going for some puny 5 or 10 or 15 percent at the track you should've BOUGHT the TAB!!! All the TAB prices have much more than doubled since the market turnaround. ARISTOCRAT (the Pokie Addicts "friend") is over ONE THOUSAND % up!!! Sorry Squirter (and perhaps a few others) but if you can't, AT LEAST, double your money annually, punting, then the stockmarket is the place to be. Break your head for less than 100%? NO WAY!!!
Having said that,good luck regardless.

Punting Showdown!
You see!There's more to punting than winning.It's the challenge.How dare you attempt to do something that I've never been able to do.Well that's my goal because 5% of a grand is $50,and I can't live on $50 per week.

Punter 57, if you can achieve 10% POT then it does compund rather nicely: If you start with $1000 and turn over 10% of your bank per week then after 1 year you'll hav about $1600 and after 2 years it'll be around $2786.

If you can turn over 20% of your bank per week and still get 10% POT then after one year it'll be about$2745 and after two years your $1000 is now worth $7600.

Of course this assumes a constant POT and we all know that some days its -100% and others it's +300% but the fact remains that 5% POT does not equate to 5% return on capital per annum.

If you are looking to make a wage instead of a long term investment then I guess you'd need a pretty big bank and even bigger cajones......or a really cool system like Mo's!
Cheers

I really think the answer is what you want from the punt, if you are like moeee a self confessed puntaholic, then be that way and join the other 99% in this country, sorry I mean WORLD.
If you are serious you have 2 choices.
1/ You MUST have a method that gives you a certain POT per annum and the profit is only limited by the size of your stake.
2/ You bet like me 1 or 2 points profit EVERY DAY and knock off.
If you CANNOT achieve at least 1 point profit EVERY DAY you bet then I suggest you give the game away.
I don't know what the majority of you out there earn but $100 bet flat stakes will give you $1000 a week tax free because you 95% of the time get better than 1 point.
It just takes discipline.
My PERFECT DAY as stated many times is 1 bet and knock off.
Sometimes if I get good overs I will play around with $10 or $20 bets for a bit of fun.
Sometimes I win a bit more other times I lose a bit BUT I will NEVER keep betting if I lose my overs and get back to my 1 point. THAT is my wages for the day.

If you can get better than 1% POT you are doing better than the stock market....

If you invest $1000 into shares, and gain 10% over the year, you now have $1100 worth of shares.

If you start with a bank of $1000 and make 1%POT and turnover $1000 a week on the punt, at the end of the year you have $1520.

Anybody making a POT of 5% surely would be happy with that. Lets not aim too high.

Correct BJ and Kirk Gently, comparisons with the stock market or other forms of investment need to distinguish between POT and ROI (return on investment).

glad the above posts reveal the bleeding obvious, poor old punter57 seems to have a real problem grasping POT (maybe smoked a bit too much of it!)

davez,

Thats wot happens when ya nothing between the ears....