14th December 2011, 11:35 AM
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Member
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Join Date: Aug 2010
Posts: 1,037
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Advise Sought on Stopping or Continuation Betting
Hi guys (and girls if there are any here).
I'm trying out a betting system and although it's VERY early days (like 3 days) I was wondering whether it is better to just keep betting throughout the day or to stop when you reach a certain dollar amount.
I'm using a bot and am Backing (not laying - YAY ) using the Betfair minimum of $5 per bet. I have a $50 stop loss set which I will leave however I'm in a dilemma of whether to let the profits run or stop them at a certain level.
From the 3 days I have finished at the end of the day with +$26, +$9 & -$6.
If I had stopped at say +$25 then all 3 days would have stopped there.
What do you guys think (or do)?
Keep it running or basically a stop at a winner type approach/stopping at a defined dollar amount.
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