Return on bank per race

[Jimmy]

Hi,

Does anyone know the average percentage return on bank per race is normal.
I think its about 10 - 20% return per day on average.? But I was just wondering if anyone has any stats on this.

Thanks

Jimmy

[sweetybt]

I 100% sure the average % return on bank per race is below 0.

[Jimmy]

Hi sweetybt,

Also is it correct per day its about 10 - 20%. Also do you know how many races per day is required to achieve 10-20%.

Thanks

Jimmy

[sweetybt]

what the bloody hell are you taking about

[Predicton]

Hi,

I think Jimmy means,if your trades on a race are say £100 would 10%-20% i.e. £10 to £20 be an average return for that race. Similarly would the average bank size increase by 10%-20% in a day.

If that is what you mean Jimmy, I suspect that it would depend on the ability of the trader plus or minus a luck adjustment. For me, as a poor trader, I make just under 2.5% in a day, except Saturdays when I usually get a stuffing,

cheers, P

[sweetybt]

Is the answer not ....it depends.

Most people lose on Betfair so expect to lose.

If you don't lose give yourself a pat on the back.

I look to make money each month, not each week or each day, but that is due to the way I trade.

[Jimmy]

Hi Predicton,

Thanks for the reply thats just what I was looking for.

Sweetybt Slightly aggressive and negative but not a problem. I can trade, but I wasn't sure what sort of targets I needed to aim for, my problem is letting losses go in running.

Thanks

Jimmy

[Bet Angel]

If you look at the figures Adam Heathcote posted, the return on turnover was 0.17%. So if you traded 21 races and traded £100 three times on each race you would turnover £12,600 on the day and yield £21 or 21% on your stake of £100. But your bank would need to be higher due to laying to open and also, you would need to be as effective as Adam in your trading. I recommend people set a target of breakeven when starting out and as your confidence grows you can build out from there.

[Iron]

I must admit I smiled when I read this, as my combined figure for today and yesterday was 0.24%!

But I'm not getting too excited! Firstly, I'm a swing trader, and if I traded ranges I imagine that my figure would be much lower! Also, as I started yesterday with a £27 bank, I didn't have the liquidity issues you'd encounter with a much larger bank.

Jeff

If you look at the figures Adam Heathcote posted, the return on turnover was 0.17%.

[LeTiss]

I'm predominately interested in my overall profit vs starting bank

During 2010 I returned an average daily return of 2.94% of my bank

I'm not bothered by turnover because not only does it runs into millions, but my earnings come through thousands of different types of trades, including hundreds of scratched trades when the picture changes. Therefore, IMO the % return on stakes becomes distorted and meaningless

[Iron]

A £1,000 bank will be worth £18K after 100 days and £5.9 million after 300 days at that rate of growth!

Do you find that your limiting factor is liquidity - that the market can only absorb so much money?

Jeff

During 2010 I returned an average daily return of 2.94% of my bank

[LeTiss]

It doesn't quite work like that I'm afraid!

Depending on a traders style and what events they trade on, I think there's a ceiling to what they can push through a market & take out of it without getting too exposed

It means for every £1000 in my bank, I earned £29.40 per day. It doesn't mean my Betfair bank is massively growing

[nigelk]

Hi All,

Just been catching up on all the recent posts and came across this one.

I started to make a 'bank daily increase/decrease percentage' sheet but have been quite busy lately and it fell by the wayside.

I'm not really interested in the turnover aspect, just the daily increase/decrease. I've attached the sheet to show the sort of thing I was making.

If people are interested, I'll make something more permanant