Six Keys To Punting Success - Part 3
In the first week of this series I discussed
having realistic expectations in terms of profit on turnover. Last week
I tried to emphasise the fact that you will have losing runs. Today I want
to stress that probability will effect your bank.
No matter what you do or how hard
you work, how good your information, opinion or judgement is, the laws
of probability will effect you.
Successful betting is about maximising
your profits while protecting your betting capital and confidence so that
you can continue when faced with a significant losing period. The only
way you can do this is by getting your bet size right. If you bet too much
on each selection then a normally expected losing run could send you broke.
If you don’t bet enough then your risk will always be below the level you
could actually tolerate and you won’t make as much with your betting capital.
Much has been written on staking
and all of us have read those ridiculous articles on double up theories,
running two separate banks etc etc. Quite frankly these staking systems
do not work and will send you broke.
Google the term ‘risk of ruin’ if
you are serious about punting and want to get a grasp on the interrelationships
between chance, strike rates, probability, losing/winning sequences and
gain an understanding of how variance occurs and the effect it can have
on your bank.
This series will continue in coming
weeks with the following topics: (4) Understanding market percentages (5)
Discipline is the key (6) Betting with ratings
David Duffield provides horse racing
tips, ratings, lay betting and sports tips that will help you turn into
a winning punter. To learn more please visit Horse
Racing Tips.
Article Source:
Amazines.Com
