Thurson

What Is Your Punting Budget?

51 posts in this topic

After having punted for just a few months I am still settling in to how to manage my punting budget.

I avoided this for the first couple of months by simply deciding to blow a few grand I had available that I could make disappear without upsetting too many apple carts.

For the last few weeks however I have been trying to work out a sustainable budget for the long term, whilst still getting a regular 'fix'.

Obviously everyone has different incomes so one person's punting budget may be another person's annual income. I am therefore thinking about this in terms of how much your punting budget comes to as a proportion of your total net income (ie. income after tax but before all other personal expenditures).

My figures suggest my punting spend will be somewhere between 12% and 18% of my income. 12% wouldn't affect me so much that any major financial issues would arise. 18% would have some longer term consequences on other financial aims I have. Anything higher than 18% and I am on dodgy ground.

I'd be interested to hear what other people set aside for their punting passtime.

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Uni student so just use my student loan for punting instead of buying everyday stuff/sometimes go with food for the day to save up for punts.

Also do matched betting so everytime a result comes in, 80% of the winnings go towards the punting budget too.

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I guess you mean percentage of income after tax? My annual income varies as does my punting spend. But a quick calculation reveals that my punting budget might be somewhere between 3% and 6% of my personal income after tax. As a married man anything higher would be very difficult to hide!

18% and even 12% sounds like an awful lot. Of course if you are talking about percentage of disposable income after mortgage/rent/utilities/food/... then the percentages will of course be higher.

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About as good as George (ne Gideon) Osborne's.

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What is my punting budget???...........

....long since spent :lol:

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What is my punting budget???...........

....long since spent :lol:

That's rather vague and reprehensible.

I am in total control as it's exactly twice as much as I can afford :wacko:

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Im doing okay for this year, though the money for 2013+2014 are spent on this year also, and im now looking at 2015's budget for next week, but apart from that im doing okay.

Big Issue please..

Anyone want to buy a kidney?.

If things dont improve soon im going to go on the game myself....glory hole anybody!...

But yeah im doing okay and like paul says im doing as well as George is.

Edited by spklors

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my punting is restricted by opportunity, not cash. If that were not true i spose I would have to be more careful.

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my punting is restricted by opportunity, not cash. If that were not true i spose I would have to be more careful.

Precisely the same for me. Only if/when opportunities became more favourable would I have to consider the budget, at the moment I don't spend enough :(

DG

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I've decided not to tot up what I've spent this year so that I will not be put off my Christmas dinner. Next year I may have to let the staff go and sell some silver. :(

But like Mr Micawber I keep hoping something will turn up. :)

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I thought if I recorded how much i spent on a yearly basis it would help keep the cost down (I had no idea what I was getting myself into)

2008 - 1515

2009 - 1625

2010 - 2349

2011 - 3710

2012 - 2570

It doesn't work! percentage is pretty high. I have no budget or limit, i work on complete denial. Short term there's no significant effect but longterm, not so good. Also do you consider what you spend on travel costs? Or gifts? Or other expenditure, it's enough to make you cry, but hey see, your favourite girl, it'll make you feel much better ;o).

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Sort of just easing myself into it as my career is still in its very early stages. At the moment, only 0.06% (yes, I calculated it) of my income goes to punting. It's not that I haven't spent much, well over a thousand pounds, but my jobs pay well and I don't have a lot of responsibilites in my personal life, for now. I'm proliferating though and when I visit House of Divine in January with my red budget box to deliver my punting budget for the forthcoming year, the percentage of my income will be signficantly higher.

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140 Euros per month,2 visits to my regular in Larnaca.

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I punt about once a week as and when the chance arises. Minimum £50 up to £130 maximum. The £50 option is only one place and it costs me about £30 in petrol so it's not really a cheap option.

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my punting is restricted by opportunity, not cash. If that were not true i spose I would have to be more careful.

Precisely the same for me. Only if/when opportunities became more favourable would I have to consider the budget, at the moment I don't spend enough :(

DG

Is this for lack of WGs in your area, or lack of opportunity to escape the gaze of Mrs C and Mrs G respectively?

I guess I have a particular situation in that I run my own business and can create reasons out of thin air as to why I should have to be away for a few hours once or twice a week. It also provides me the chance to manipulate the cashflows between different accounts so that I can move money un-noticed to my secret punting account.

Finally, I guess only around 1/2 of my net income is needed to cover bills, mortgage, food etc, so the other half has been accumulating for longer term projects (until I started diverting it). It's therefore not difficult to eat into a chunk of this surplus to feed my new habit.

I therefore only really have the issue of controlling the budget to stop me from punting all the time. :cool:

I'm just worried that my new found love of punting is obviously in conflict with other financial objectives (adequate pension, paying off said mortgage etc), hence I wondered how other people carve up the cake. At the same time, having only just discovered this wonderful habit I am strongly inclined to make up for all the years I've missed out on and let the future take care of itself. :D

Edited by Thurson

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Yeah its like sweets in a shop for kids, we tend to overdo it at tmes when we first realise what is on offer, and wow do we realise what we have been missing out on.

So we can rush headlong into getting as much as we can before we lose the thrill, or it gets taken away from us by a relative or politician, but just relax and enjoy the thrills of knowing its there and will be available for many a year.

Just dont become too engrossed in it all, life is going on all around us and we need to live in the real world for 95% of the time.

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Is this for lack of WGs in your area, or lack of opportunity to escape the gaze of Mrs C and Mrs G respectively?

I guess I have a particular situation in that I run my own business and can create reasons out of thin air as to why I should have to be away for a few hours once or twice a week. It also provides me the chance to manipulate the cashflows between different accounts so that I can move money un-noticed to my secret punting account.

Finally, I guess only around 1/2 of my net income is needed to cover bills, mortgage, food etc, so the other half has been accumulating for longer term projects (until I started diverting it). It's therefore not difficult to eat into a chunk of this surplus to feed my new habit.

I therefore only really have the issue of controlling the budget to stop me from punting all the time. :cool:

I'm just worried that my new found love of punting is obviously in conflict with other financial objectives (adequate pension, paying off said mortgage etc), hence I wondered how other people carve up the cake. At the same time, having only just discovered this wonderful habit I am strongly inclined to make up for all the years I've missed out on and let the future take care of itself. :D

My problem is one of escape! I too run my own business but have no opportunity for nipping out for a couple of "free hours" like you. The OH has no idea about my personal finances including the existence of a couple of accounts.

I have the punting metropolis of MK within an easy drive and London a mere hop on the train. Quite restricted locally but even then time is the deciding factor.

May 2013 bring more opportunities to us "opportunistically challenged" punters.

DG

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Im single, employed full time, soon i will have my own mortgage and after all my normal outgoings on average i'll have a spare:

£400-600/month usually but it can be anything from £300-700.

I spend most of that on escorts.

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At the moment, only 0.06% (yes, I calculated it) of my income goes to punting. It's not that I haven't spent much, well over a thousand pounds, but my jobs pay well and I don't have a lot of responsibilites in my personal life, for now.

You're on over £1.667m?? :o

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You're on over £1.667m?? :o

Beat me to the post!

Don't mind admitting I'm not earning anywhere near that and if I did I'd be spending considerably more than 0.06% :D

DG

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Beat me to the post!

Don't mind admitting I'm not earning anywhere near that and if I did I'd be spending considerably more than 0.06% :D

DG

If I had that sort of money I'd be living in Texas in my own brothel!! :)

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I didnt think to add my income/punting ratio:

Well, say on average i spend £500/month on escorts (not right now, as im saving for a mortgage deposit).

My income after tax/ni is usually between £2100-2300/month.

So i spend roughly 20% of my income on call girls.

Edited by sparkstar

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Sort of just easing myself into it as my career is still in its very early stages. At the moment, only 0.06% (yes, I calculated it) of my income goes to punting. It's not that I haven't spent much, well over a thousand pounds, but my jobs pay well and I don't have a lot of responsibilites in my personal life, for now. I'm proliferating though and when I visit House of Divine in January with my red budget box to deliver my punting budget for the forthcoming year, the percentage of my income will be signficantly higher.

CastorProwse, I want your job!!

If your £1,000 plus spend is only 0.06% of your net income, then you have a net income of £1.6 million p.a. or close to £3 million gross!! If this was the early stages of my career, I wonder if I would bother that much with any later stages.

You know what they say: 'It's better to burn out, than to fade away!' :lol:

(Also beaten to the post by Vin da Loo)

Edited by Thurson

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Yeah its like sweets in a shop for kids, we tend to overdo it at tmes when we first realise what is on offer, and wow do we realise what we have been missing out on.

So we can rush headlong into getting as much as we can before we lose the thrill, or it gets taken away from us by a relative or politician, but just relax and enjoy the thrills of knowing its there and will be available for many a year.

Just dont become too engrossed in it all, life is going on all around us and we need to live in the real world for 95% of the time.

In recent conversations with WGs I've met, this is exactly how I describe myself! A kid in a sweet shop! :P

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Asian20, you should be getting it for free at your age, and skimping on food to sustain a punting habit is silly. If you have to punt, keep it to once a term or the holidays when you’ve a bit more cash.

CastorProwse, waaaaay to go, brah! How do I befriend you?

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