You professionals will no doubt raise your eyes to the heavens on this one but I need to ask anyway.
Say I set myself a target of $100/day.
I back my first horse at 2/1 for $100 and lose.
Next horse is 25/10 and I still need to make my target.
Is there a formula that I can use to calculate my next bet in order to regain my losses and also make my target of $100?
Once you've stopped shaking your heads, can anyone help me?
Gnarkley