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Reply To: Harry pays £714,000 to betfair this year

Home Forums Horse Racing Harry pays £714,000 to betfair this year Reply To: Harry pays £714,000 to betfair this year

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Quote: from apracing on 2:24 pm on Dec. 7, 2006[br]<br>Clive,

No it’s not – the £35M is the return on winning bets.

Only if the average price of the winners is 2.0 does that represent £35M of turnover.

Then again, there was £880k traded on Harry’s horse Ouninphja today at around 1.33, so perhaps his stated preference for odds on shots means the figure is more than £35M.

At a guess, and it can’t be anything other than that, perhaps £50M staked per annum is in the right area. A weekly outlay of £1M doesn’t sound too much given he operates across full range of sports betting.

AP

<br>

Which equates to a R.O.I of 103.5%, a pretty poor rate.<br>Still, with an income of 2 grand a day tax free, s’pose you’d muddle through.:biggrin: