31st October 2010, 12:03 AM
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Member
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Join Date: Jan 1970
Posts: 4,431
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Quote:
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Originally Posted by lighthuman2010
Chrome Prince,
Betting 2% of your bank is allowing for a maximum drawdown of only 50 units.
If you are going to turnover that $10k bank 10 times in a week as you say, that is 500 bets.
Now, 500 bets in a week is a high turnover method in anyones language. If you think 50 units drawdown is conservative on a high turnover method like that, you are dreaming.
So again, I would strongly encourage newcomers to ignore your post as you would need a huge amount of luck to not go bankrupt.
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Feel free to disagree, as you are assuming quite a bit about what I do.
I could be having 500 place bets on short horses, I could be betting longshots only, I could be backing half the field.
In all but one of those scenarios, I wouldn't come close to 50 units drawdown at any stage. |