25th September 2014, 10:41 AM
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Member
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Join Date: Oct 2005
Posts: 1,007
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Quote:
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Originally Posted by Neil
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.
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Totally correct. Your example is very valid. I would say that from experience a true long-shot systems can have 80 outs without raising a sweat. That's just mathematics, based on the given strike rate and sufficient sample size, although maths is not a very popular topic.
Another option would be to bet proportional to the odds on offer to take out say 4% of the bank. So a bet on a $20 selection might be just a few $ whereas a fave would attract a much bigger bet.
Regardless, using a percentage of the bank (what ever that method/percentage is) ensures that bets grow / shrink with the status of the bank in a very-easy-to-adjust-to increments.
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Michal - Ratings2Win Pty Ltd
R2W Axis - Axis is Australia's leading horse racing software and database;
with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings.
http://www.ratings2win.com.au/
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