Quote:
Originally Posted by Bhagwan
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.
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the original question was:
"
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."
so your right on the first part where you say
"I thought the exercise was the discussion on whether or not one continues after a profit target is reached."
It wasn't a question of
how you got there etc with odds and ends and strike rates etc. It was a question of
what you do
when you are there.
Similiar but different
i don't know any actual professional punters - but i know some good punters and they have their selections and they bet them all for the day - focussing on getting value.
they then come back and do it all again next time.
I have heard them say that the punting day never ends.
As I said before dropping off when you are in front is a way of saying
"I expect my average to drop pretty soon so i am getting out now"
Problem is you may go well the rest of that day and the average may drop from the first selection in the next day.
So you would say to yourself "what do we do now Tonto ?"
Anyhow all good fun.
cheers all
aussie
Anyhow everyone's different so i am dropping of.