OZmium Sports Betting and Horse Racing Forums - WHAT IS A SAFE BETTING BANK.?

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- - WHAT IS A SAFE BETTING BANK.? (http://forums.ozmium.com.au/showthread.php?t=12979)

Chrome Prince,

I guess with smaller banks that are more like "play money" punters can and do take greater risks betting a much higher percentage than 0.5% or 1%.

But if someone is using a $50,000 or $100,000 bank or even higher it would be ludicrous betting say 4% on a selection - unless of course they are wealthy and that bank is their "play money".

Neil.

Quote:

Originally Posted by Duritz

lol - i used to try to justify that approach when I was younger and my parents would tell me more than 3 drinks was binge drinking. "But I don't drink during the week," I'd say, "so I can have 21 on Sat night!"

Seriously though that article outlines what I was saying in all the other threads we're currently in here - bet 1% increasing/reducing. Take my example as a case in point, I have what looks to be an excellent system, yet it had a shocking run in june/july 04, and had you punted it non -reducing you'd be gone.

I've learnt a HEAP in the last 4 days since talking about all this stuff, and feel confident now that I've researched and seen this peaks and spikes and seen first hand from actual selections just how volatile this system business can be. I feel absolutely certain that non-reducing is the way to destroy your bank, and that 1% is plenty enough outlay.

That's just my opinion, formulated only just in the last few days so it's merely a fledgling opinion. :o

And it's a guaranteed way to have the smallest bet in every series on a winner. Seems a strange way to go about it

Jacfin, if the stake is 1% of the bank is NON REDUCING, how can it be least bet on a winner, not knocking just don't understand, surely it will increase when the bank increases but never decrease after a loser/ run of losers ,..... will it?

Neil, just claifying there, what you are saying is that the maximum bet would be 56 units of an ORIGINAL bank of say 11,000 units ....yes? so if backing say $10 per unit your idea of a STARTING bank would be $110,000. And the bets are always in units from the ORIGINAL bank??

Quote:

Originally Posted by jacfin

And it's a guaranteed way to have the smallest bet in every series on a winner. Seems a strange way to go about it

Jacfin I don't think I quite get what you mean. It may only be 6:30 and I'm still half asleep but there are no "series" involved here, just proportion of bank. Clarify??

i have been using the retirement staking plan for going on 2 years now with both my win & eachway betting methods & to date there have only been a couple of ocassions where i started to get a bit worried as to the saftey of my bank.

it is obviously not suited to all betting types or systems but for those interested a search thru old threads here will get you started along with -

http://www.grandstand.com.au/retirement.html

hoping i am not breaking any rules by posting that link