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Old 18th December 2011, 10:55 AM
Bhagwan Bhagwan is offline
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Join Date: Jan 1970
Posts: 2,428
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I thought the exercise was the discussion on whether or not one continues after a profit target is reached.

The odds have a lot to do with it.

The higher the odds , the fewer winners needed to reach target or recover losses.

The greater the odds the longer the possible run of outs in between winners.

The flipping of a coin is all about how many winners you will get on a 50/50 chance at even money.

That's why its a different conversation.

The long run of outs is the death of most well intentioned, logical plans.
That's why its usually best to grab the target amount & stop before one hits the long run of outs.
There will be the odd day where everything goes our way and make heaps of money, but there will be very few of those.
If one is going to punt for a living , one cant be working in hope for that big pay day that may or may not eventuate.
Try selling that to the Rent Lady.

Most Professional Punters target a handful of selections say 6 horses for the day.

If they make their target amount say 3% on Bank , they usually stop for the day.

They usually dont bet all 6 horses once profit target is reached.with say 2 horses.
Even though there could have been more winners.

The aim of the game is to hit realistic dollar target amounts on a daily basis, over a month.

Not how many winners one can pick by betting like a machine gun even when in front.
That's how amateur punters lose on a consistent basis.

Remember:
Professional punters usually don't keep betting once target is reached, so why are others advocating the opposite including Maths boffins.
Where at has proven to fail over many decades.
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