Hi all,
To me risk management is crucial to success at the punt.
Over many years I have tried a variety of approaches with varying success.
I have now lifted the "retirement staking plan" from the Grandstand Publishing website and have been using it with great success for some time.
I aim to achieve 30%+ winners at an average of 3/1 or better and with a seperate bank for each selection process I use all are well in front.
The other problem ,I find is the old case of removing your head and putting on a pumpkin when you are in front , to give an example sat , Delzao biggest and first bet of the day recouped total outlay for the day plus a small profit. Off goes the head on goes the pumpkin an additional 5 bets that all lost luckily 3 of my original bets won and I made a profit.Nonetheless I had thrown away $500 on stupid bets.
I am usually in control but one slip and down $500 !!!!
What is needed is good risk management plus discipline....
Crasher