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Originally Posted by Shaun
Any system that requires you to increase your bets after a loss or a win for that matter will in the end fail and is bad money managment to use
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At least any system that you have seen. Doesn't mean there isn't one.
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Shaun Nothing wrong with taking more than one runner a race but i would think the limit is about 3 and the best is to just put equal amounts on each....when the longer priced winners come in you will enjoy the profits.
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I always look at what I am going to return on my bet, and not what I put on it. This being the case, your suggestion of equal amounts bet on each selection would basically prove the shorter priced bets to be redundant. All your money is being made on the longer priced horses getting up, because you are much more aggressive in backing them.
Your 3 selections:
$2.50
$3.00
$100
You put $50 on each but only win when the $100 pop gets up. You actually lose money on the horse that is most probably going to win the race.
If you are getting value on all 3 selections, then in the long run it won't really matter.
But.
If this is the case, would it not be better to just put the lot on the $100 horse? I mean this horse that wins just better than 1 in 100 races, you are betting to return $5000 yet the horse that will win ~40% of its races, you are only betting to return $125.
For your $150 investment, by putting it all on the longest horse, you are betting to return $15000. Or by taking all 3, you are only betting to return $5275.
Surely you would be making alot more money by sticking with the longshot.
My point here is that I agree with dutching, not neccessarily backing longshots.