
23rd March 2003, 04:15 PM
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Member
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Join Date: Jan 1970
Posts: 4,417
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Hi Bullet32,
My advice is to keep detailed records or past bets including your strike rate and average dividend.
If your strike rate drops below the average at any stage of betting then this is the red flag that you should stop immediately.
Do not bet until the strike rate returns to the average level - in other words paper trade your selections without actually betting.
When your strike rate returns to the average then begin betting again.
Coming in after a sequence of losses in order to catch one winner is dangerous, it could well be that there is some factor which you may not have recognised causing your strike rate to lower and you may end up in a long losing run.
Waiting til your strike rate returns before betting means that you may miss a few winners, but the risk of a longer than expected run of outs wiping you out is avoided.
It's all about risk versus reward.
Hope this helps.
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