Very interesting post Shaun and an issue that is not often discussed in any real depth, so kudos to you for getting the ball rolling.

My opinion is that everyone needs a bank a limit and a percentage of bank betting style.

Also my opinion is that one needs to keep accurate records of bets made and profit and loss like any business.

There is nothing wrong with a guy who can only afford to punt $50.00 per week as long as he sticks to it. After all that's his bank when you think about it.

In stark contrast to what many believe, I think you should start off with a small bank and if your method is sound, it would build up quite quickly.

I know of people who start with $10,000 or much more, only to go through a rough patch and their confidence is shattered, so they start making desperate and not well thought out investments.
Guess it comes down to psychology.

Of course if $10,000 is only say 1% of your floating cash then it's a different story.

My point is that there is nothing wrong with starting off with $500 or $1000 bank.

If you can't afford that then even $200 is fine if it's within your means.

It's all relative to what you could afford to lose (given worse case scenario).

The way I operate my bank is as follows:

I started with a conservative figure and bet 1% of my bank on any selections.
As the bank rose, I bet the same 1% but calculated how much 1% was at the end of each week.

Each month I take out 50% of the profits for myself - spending money,reinvest the remainder and restart the scenario.

This may not suit some punters, but I thought I'd offer how I do it and what suits me.




[ This Message was edited by: Chrome Prince on 2003-04-02 18:58 ]