Money Management !

[TheGeneral+]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> NEVER increase your staking unit after a loss.
<HR></BLOCKQUOTE>

Incorporate this and be a better gambler.

 

[PeteRoseJR]

THATS A GOOD PIECE OF ADVICE GENERAL! I VE NEVER REALLY THOUGHT ABOUT THAT. I NOT IN THE RIGHT FRAME OF MIND TO MAKE BIG MM DECISIONS AFTER A LOSS.

bRAD

 

[valueman]

I you're betting percentage of bankroll then after a loss bet size goes down - it takes care of itself.

 

[valueman]

Another day where fixed stake betting shows a much smaller profit than my method of difference between my odds and available odds shows a hansome profit.

MON 29 DEC

1.25 haydock - odds available 8/1 - my odds - 9/2 - Class D race hence - $150 bet - fell last most likely would have won.

1.30 Lepoardstown - Rhinestone Cowboy - odds available 6/5 - my odds - evens - class A - bet $255 - ran a stinker.

2.10 Newbury - Cornish Rebel - odds available 11/4 - my odds - 11/10 - class A - bet $1200 won.

With a fixed stake system I would have been up
0.75 of a point yet with my system i made $2865.

Fixed stakes systems are primitive to say the least - better than nothing but primitive.

 

[wilheim]

,,,