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What’s one point in betting terms?
In many industries people talk about winnings (and losses) in monetary terms like pounds (£) and pence (p).
In the betting industry we often use “points” to describe winnings.
We use this to show our P/L (profit and loss) on our results pages.
This allows us to give a you a consistent way of showing P/L. All you have to do is then multiply the results by what a point is worth to you.
But what is a point?
Generally we express the money you have put aside to bet with as your betting bank.
It is money that you should be prepared to lose because this is gambling and anything can happen.
Your betting bank could be £10, £50, £100, £1000 or whatever figure you feel you easily afford to use.
Once you have decided on the figure you then turn it into points.
Again generally in the betting industry we presume a betting bank of 100 points.
This means if you have £100 in you betting bank then each point is worth £1
£100 / 100 = 1 point
If you have £1000 then a point is worth £10
And if you have a bank of £10 then each point is worth 10p
Now that you know your point’s value you can look at the P/L on the results and see what the P/L actually means to you.
If you see a site boasting 30 points profit and you can only afford 10p a point then to you that’s £3.
Some sites love to show their profit using stakes of £50, £100 and boast £1000’s in profit.
But if you see this the thing to do is take the total amount of profit and divide it by the stake value to get the actual points made.
£10,000 (p/l) / £100 (stake) = 100 points
100 x Your points value =
Make sure you get a reality check before you get sucked in on promises about large amounts of profit when in reality it could be a lot lower because of your personal circumstances.
And why we are on the subject do not let anyone try to dictate to you how much your stake should be.
Gambling is risky whichever way you look at it and you should never, ever, ever use more than you can comfortably afford to lose.
On a final note…
Why trust so called “Tipsters” with your money anyway?
Learn to find your own selections. We have many tools to help you improve your skills in picking your own winners.