you cant ask that question and even if they did why would you believe the answer because they are not incentivised to tell the truth . the answer is different for everyone but what is a realistic profit on turnover for other investments and compare , stock market i believe 10% is a figure most dont get . so if your making 10% you now know how much you need to stake to make the required amount to be your sole job . now all you have to do is find a bookie that will take that volume , hence the problem with bookies cutting stakes . he gives you clues in this , he tells you how many bets he has a year (250 ish) and he gives a couple of bet examples ( 4-500) he also says he doesnt like having to pay 20% on his pension withdrawls and says to draw out 40k he goes into the 40% tax bracket . 40% tax bracket is over 50k in earnings . interestingly 250 bets x 400 average stake is 100k a year out so i would estimate 10k plus profit because if drawing out 40k puts you into the 50k plus tax bracket there is 10k missing , which again falls into the 10% ROI which is very very good .
Sadly the answer is it depends. I know pros who make 3-4% on turnover and pros who make 20% but ironically it tends to be those that win 4% who win more money in my experience.
@studoyle8185 3% on £1m is more than 20% on £1000 , so it all depends. What is your figure ? You seem to know professional punter friends around every corner.
Can't get enough of Alan Potts content, keep them coming 👍
Will this be the interview when Simon finally asks " what is a realistic profit on turnover figure ? " to a professional punter ?
Very true. The only question that really matters. But the saying goes never ask a man his salary.
you cant ask that question and even if they did why would you believe the answer because they are not incentivised to tell the truth . the answer is different for everyone but what is a realistic profit on turnover for other investments and compare , stock market i believe 10% is a figure most dont get . so if your making 10% you now know how much you need to stake to make the required amount to be your sole job . now all you have to do is find a bookie that will take that volume , hence the problem with bookies cutting stakes . he gives you clues in this , he tells you how many bets he has a year (250 ish) and he gives a couple of bet examples ( 4-500) he also says he doesnt like having to pay 20% on his pension withdrawls and says to draw out 40k he goes into the 40% tax bracket . 40% tax bracket is over 50k in earnings . interestingly 250 bets x 400 average stake is 100k a year out so i would estimate 10k plus profit because if drawing out 40k puts you into the 50k plus tax bracket there is 10k missing , which again falls into the 10% ROI which is very very good .
@richardhughes7640 That's a different question of course. I make 10% POT. What's my salary ? Who knows ?
Sadly the answer is it depends. I know pros who make 3-4% on turnover and pros who make 20% but ironically it tends to be those that win 4% who win more money in my experience.
@studoyle8185 3% on £1m is more than 20% on £1000 , so it all depends. What is your figure ? You seem to know professional punter friends around every corner.
Alan seems a good egg but that "seven monkeys in the Malcombe" was shocking aftertiming and needs to be reported.