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8th January 2004, 09:46 PM
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Member
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Join Date: Jan 1970
Location: Yarra Valley
Posts: 241
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Hello Hermes,
with a fairly small capital, I would suggest that you bet using a very simple percentage of highest bank, non-reducing.
Go through your results and work out a cashflow based on $1 bets. Note each time the bank reaches a new high, and then note the largest drawdown from each new high. If your maximum drawdown is $50, then you need at least a 50 unit bank, preferably an 80 or even 100 unit bank. If you decide a 100 unit bank, then set your bank aside and bet 1% of the highest bank, non reducing.
This means that as your bank increases, you increase your bet size, but don't decrease the betsize as the bank decreases. It's relatively safe, especially if you've set the bet size correctly, and allows you to increase your bank quite rapidly when the winners come along.
I use this method on all my systems, and if your system is profitable, the bank builds quite quickly.
Cheers,
Chris.
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