JFC - please enlighten us all on your superior risk management methods!

I have looked at Kelly quite extensively but have dismissed it as too risky and too impractical for horse racing - obviously you disagree so would love to hear your opinion.

I use percentage of bank as my preferred system with the percentage depending on the system I am using and the level of risk for that bank (like Chris I allocate seperate banks to different betting systems). For my two current horse-racing "systems" I use 2% and 5% of bank (reducing) and for tennis I use 5% of bank non-reducing.