how best to invest a sum of £30,000 for the highest return

nicknameless

innovate wrote: »

Of all the casino games, BJ has got the lowest house edge, i.e. the punter has the best chances of losing the least money in BJ. But lose they will, sooner or later. Most of them sooner.

BJ also has an element of skill - whereas Roulette is literally pure pot luck. But both are mugs' games, and if you play them in casinos, as a punter you are statistically bound to lose big time.

There are plenty of websites with more detailed explanations of things like house edge, probability calculators, strategies etc etc etc - but it all comes down to a single common denominator for the punter - - - the house edge of the casino operator. Which is skewed against the punter, and always will be.

Going off topic slightly - but that's not true about BJ. Card counting can give you a statistical edge (anything between 0.5 - 2%). Combined with a large bankroll, a tolerance for variance, and some advanced techniques such as shuffle tracking this has been profitable for many, but mostly in the states, and mostly historically. Depends on rule variations, number of decks used, shuffles, depth of deal, etc. etc. Fascinating area for anyone interested in stats but not an 'investment area' certainly in the UK with few casinos, poor rules, and more awareness about shuffles and depth of deal (in recent years).

Probably not the info the OP was looking for though.

Can you tell who mispent his (not so nearly) youth.

Lots of money been made from AP through 'gambling', and still lots being made.

OP - ignore this!!

innovate

nicknameless wrote: »

Lots of money been made from AP through 'gambling', and still lots being made.

OP - ignore this!!

I agree with that wholeheartedly, if you know what you are doing and are able to invest the required time and money, the returns are fabulous. However, no really successful APer will ever share any substantial and essential details on an internet forum since that would amount to killing the golden goose.

nicknameless

innovate wrote: »

I agree with that wholeheartedly, if you know what you are doing and are able to invest the required time and money, the returns are fabulous. However, no really successful APer will ever share any substantial and essential details on an internet forum since that would amount to killing the golden goose.

Depends what you define as success. Pros - most definitely not, although there are undoubtedly 'private' select online communities for sharing knowledge and opportunities. I've participated in a couple historically, even as a part-timer with a day job.

If it's pocket money (at the easier end of the spectrum) being talked about then there are forums and infomation freely available for all. You don't have to travel far to find an example either as you'll know.

gadgetmind

I saw this thread of Motley Fool this AM and thought that the level of risk/reward here was perhaps the OP's cup of tea.

http://boards.fool.co.uk/greek-1-gdp-linked-securities-12698988.aspx?result=NewPostSubmitted

Personally, I'd only go for stuff such as this as a small part of a portfolio large enough for you to say, "Hell, why not!", but some people seem to like living on the edge.

Sampong

nicknameless wrote: »

although there are undoubtedly 'private' select online communities for sharing knowledge and opportunities.

I am a member of 3 private select online communities for AP's and all they talk about is sex and women, much to the disdain of the two ladies in there. Think the last trade was posted some time in 1987.:cool: