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Old 3rd April 2008, 11:51 AM
Michal Michal is offline
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Join Date: Oct 2005
Posts: 1,007
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Hi Granny,

It is curious that you concentrate on the losses rather then the wins or alteast put them both on the plater at the same time.

Firstly one percent of bank is quite safe providing that you have had a decent strike rate ..... since you are winning you must be doing ok there.

The problem with going to $2 is that while your losess will be minimised also your profit will be so as well and I can guarantee you that majority of your nice profit did NOT come from betting $2. It has arived in the last 12 months or so because uptill then you would have been getting a few bucks here and there growing slowly.

I would suggest that you cut the percentage back to 0.5% which makes your bet $25 per selection or even less to 0.25% which is $12 this way you will still be able to get some leverage from your profit and also hopefully play within your comfort zone.

That is the key, if you are NOT betting in your comfort zone a run of out will certainly unnerve you and cause you to make decisions that you would not normaly make. Find you comfort zone and then slowly increase it as you get seatled.

Your loss of $460 on a saturday is equivelant to losing $14 EXACTLY the same risk to the bank except you are now playing with the bigboys. But proportionaly the risk is the same, although for it be be exactly the same a $60 bet will have to go hand in hand with a $6000 bank but if you are betting highest of bank then that is then ok because you obviously done that all along.

Find your comfort zone and bet within it I would suggest that $2 is no longer it go higher untill you get there and always put the loss into perspective of percentages of bank rather then dollars if you are happy to lose 10% of $200 then the same must be true for 10% of $5000 the risk as I said before is same. However I realise that its not always possible and so the advice re comfort zone is the best one.

Michal
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