What do we think is the highest gross profit on a lifetime betfair account?
my guess is £20m
Number One account in Betfair history?
I think it would depend on whether you are talking about an individual or a syndicate.
If you look at an individual who has earned 'just' £2k a week for the life of Betfair they would have earned £1.7m by now.
If you traded 1000 markets a week with a +ve expectancy then £2k is only £2 per market, quite small.
So would imagine £20m is probably too low for the biggest ever.
If you look at an individual who has earned 'just' £2k a week for the life of Betfair they would have earned £1.7m by now.
If you traded 1000 markets a week with a +ve expectancy then £2k is only £2 per market, quite small.
So would imagine £20m is probably too low for the biggest ever.
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dannycutts
- Posts: 71
- Joined: Sat Sep 17, 2016 9:10 pm
I don't think those sorts of figures should be surprising. I used to, but not anymore. People used to think what Adam did was unbelievable, fake even, but in reality it's just the tip of the iceberg. But to get to really big numbers, you either need to be part of a syndicate (in which case you're splitting profits anyway) or you need to employ automation (which I expect most syndicates do as well). Syndicates are probably making those kinds of totals per day, let alone per week.
But as an individual, if I employ automation, I can trade horses, greyhounds, 50 football matches, tennis, all at the same time. Like Peter says, a few pounds per event adds up to a big total. But like any industry, continued competition means you always have to work to maintain your edge.
But as an individual, if I employ automation, I can trade horses, greyhounds, 50 football matches, tennis, all at the same time. Like Peter says, a few pounds per event adds up to a big total. But like any industry, continued competition means you always have to work to maintain your edge.
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iambic_pentameter
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- Joined: Wed May 18, 2016 1:24 pm
If memory serves me correctly, there was a document detailing his trading from September 2007 - where he was making £4 a day right through to Sept 2009 where he was making £2k + per day.
Fair play to him - worked hard and reaped the rewards.
There will always be doubters but I find stuff like that very motivational.
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iambic_pentameter
- Posts: 450
- Joined: Wed May 18, 2016 1:24 pm
I think the Premium Charge was a factor based on what he posted on his blog.