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-   -   Risk Management (http://forums.ozmium.com.au/showthread.php?t=3523)

crash 2nd November 2003 07:27 AM

Ahhhh, right on Chrome.
Of course I always agreed with you, but ************ [oops a typo] me, your poser was the only one around so I indulged in a bit of symantics to relieve the boredom of this endless Gippsland winter and crappy [another typo] windy weather. Lovely formula by the way [have a cigar].

I stick to % level stakes because my bets go up and down depending on the size of percieved overlay. Big overlay bigger bet [and boy, did that come home yesterday. 3 wins on 3 group 1 and 2s from 5 bets and the ever fearless Handbrake picked up on Timbourina in the Wakefield when I was on a looser].

I know I could still apply my betting method to progression but I'm too lazy to bother with it. As for risk management it's a personal thing. Scary for some would be boring for others. Easiest way of measureing it is to check your pulse rate [or your Bank managers].

Cheers and thanks for the discussion.



[ This Message was edited by: crash on 2003-11-02 07:34 ]

Chrome Prince 2nd November 2003 12:57 PM

Quote:
As for risk management it's a personal thing. Scary for some would be boring for others. Easiest way of measureing it is to check your pulse rate [or your Bank managers].


Not as far fetched as some might think, definitely a good indicator.

Let BP = Blood Pressure.

Risk = (BP x bet size) X (Grocery bill x How long it takes you to tell the wife).

:lol:


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