So an inquirer asked yesterday “how much of a Bank do I need to make $100k a year. Way back when money was worth a lot more I used a bank of $50,000 expecting to turnover a million or more for the year and at 5% profit to make $50,000.
The worst day I had was minus $47,000 in a day but that weekend I made most of that back by the third race of the day and never looked back. That was around March of that year and on my best day I made $160,000 back in 1996 on Melbourne Cup Day.
Ive had several quaddies around $100,00 plus but you cant make that sort of money with a small bank. I spent around $600+ per quaddie and $400 plus on First 4 but those were taken only in races where there was a big race and a big pool. One race I collected $46,000, effectively the entire pool as I was the only one on it.
Question answered.
At a Racing Seminar one of our presenters held up a $20 note and said “if this is what you were betting in the 90’s, what are you doing now (around 2009)? Then he held up a $50 note and said “if you are not betting at least this much, then what are you doing here??”
I have two videos up where I have popped in the Seminar notes from a Seminar I gave about 111110 or so years ago. Its worth a look. Oops sorry about the stuttre. I dont type that great now as you know.
Today I am on one selection Hawkesbury Race 1 no 6. As my strike rate on his type of selection is 40%+ I would like to get around $2 or more. At the moment it sits at $2.40 on TAB and as little as $2.05 Betright.
A bit overcast today.