That's right,you got it, but now you also need to decide on the correct amount to stake each selection.

Most people have different amounts they would bet on each selection based on there strike rate and the average dividend, when you know this you can work out what is best to stake.

if you have limited information you could start with 2% of your bankroll for win bets, this may sound a small amount but it gives you a fighting chance.

Now to add to this you could also adjust that 2% at the beginning of each day to your current bank.