Ten per cent profit on turnover would make most professional punters in Australian horse racing ecstatic — and most, in fact, profit closer to five. Rick, who fits out hotels and offices for a living, was most surprised to hear it: ask him, and the figure ought to be 20 per cent, because in his trade anything less would begin heralding the end of his business. So Roman Kozlovski, writing in Practical Punting in September 2006, sat down and worked out on paper what a beginning bank of $1,000 does over twelve months at 10 per cent a month — and at the more sedate 5 per cent.

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What you'll learn:

  • Why a yearly POT of 10 per cent is a good year to a punter and a poor one to a businessman — and the sentence in which Rick names 20 per cent instead
  • Markup and Margin, on the article's own worked example: a $1,000 business desk sold for $1,250 is $250 profit, a 25 per cent Markup — and the same $250 on a $1,250 outlay is a 20 per cent Margin, which is why "The Business of punting equals Margin" puts your formguides, databases and travel costs into the sum
  • How the charts are built — a beginning bank of $1,000, the bets each month equalling 5 per cent of the new bank, an outlay based on 30 bets a month for place betting, and a percentage sized to survive 20 straight losers (2 per cent, and 50 losers, for win punters)
  • What twelve months of that looks like on paper: the original bank up 420 per cent in Chart A and 121 per cent in the more sedate Chart B — why he calls making 10 per cent every single month "highly unlikely", and why Chart B is the one he asks you to target, where even 2.5 per cent POT and a reduced bet number would still leave around 33 per cent on your initial capital


​📘 FREE e-book — "Betting - It's a serious business": download it free and keep the full method beside you every race day 👉 https://pp.practicalpunting.com.au/betting-its-a-serious-business