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-   -   Why system betting beats punting-long term (http://forums.ozmium.com.au/showthread.php?t=26804)

Puntz 17th July 2013 11:19 PM

LG,
the blueprints are all over this forum, a bit of this and a bit of that.

bernie 18th July 2013 10:47 AM

Quote:
Originally Posted by darkydog2002
Thats why I consider Bernie the most intelligent fellow on the Forum.
He,s got his money parked in a good interest bearing account Cheers
True Barny.

However, I am monitoring one of the systems you mentioned on the forum. It's showing signs of success for now. Maybe things will change and I may just take up the punt. Time will tell.

SpeedyBen 18th July 2013 12:56 PM

Quote:
Originally Posted by darkydog2002
Hi Your Lordship.

Thats why I consider Bernie the most intelligent fellow on the Forum.
He,s got his money parked in a good interest bearing account

Cheers
I would starve if I had to live on my savings at 4.5% interest.
Is this a leg pull, DD ?

bernie 18th July 2013 01:20 PM

Quote:
Originally Posted by SpeedyBen
I would starve if I had to live on my savings at 4.5% interest.
Seems you don't have much to invest then? Heard of compouding iterest?

evajb001 18th July 2013 03:47 PM

Off topic but if you can find an account offering 4.5% at the moment without any special terms then you must be riding Aladin's carpet around town. Not to mention once you take inflation away your real interest is more like anything between 1.5-2.5% at the moment, possibly less.

It sounds silly but if someone can even produce 0.5% a day on a bank consistently in this game they should be happy. Many think these gains sound tiny and are worthless, but in retrospect when bank accounts are doing 3% and shares are volatile but yielding 5-6% and your managing 0.5% on a bankroll compounding i know what i'd rather have.

Thats why I aspire to have even one profitable system that could achieve this over an extended period of time, because everyone can generate 3% on a bank account or 5-6% on shares but how many can generate 0.5% a day or even 1% a week on a bankroll by betting - not many.

Chrome Prince 18th July 2013 03:58 PM

I remember I was working in the Bank in 1982, and pensioners were getting 16.75% on term deposits with ESANDA.
How times change!

rails run 18th July 2013 04:02 PM

1 Attachment(s)
Don't forget that it's 4% per annum in the high powered Savings Account. So on $10,000 invested you'll be blessed with $400 for the year... less fees, etc.

Here is a simple compounding calculator if anyone would like to give it a try. Cheers but no beers on $33/mth savings interest.

SpeedyBen 18th July 2013 04:55 PM

Quote:
Originally Posted by bernie
Seems you don't have much to invest then? Heard of compouding iterest?
More than most. No. I don't know what compouding interest is.
Is it something to do with being 9% short of a real word?

Puntz 18th July 2013 06:46 PM

Quote:
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
― Albert Einstein


I can play with the wording in that quote, but it will get me banned.
Clue: just one letter of the alphabet.


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