The percentage of your bank you wager also needs to be adjusted based on the type of selections you bet on in my opinion.

For example, if you've got a particular selection method that just looks for horses at double figure odds then having 10, 20 or more losing win wagers in a row is nothing out of the ordinary.

So there's no way I'd be betting anything near 1% of a bank on this selection method. I wouldn't feel comfortable with the very large bank percentage draw downs.

From my experience many punters have expectations that bare no relation to punting reality.

For example, someone jumped on our tipster Lucky Lil's selections straight after a $15.00 winner was tipped then a few weeks later sent an abusive e-mail to us complaining that another one hadn't been tipped.

With just 2 or 3 tips running most Saturdays Lucky Lil isn't a miracle worker!