
28th June 2013, 05:51 PM
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Member
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Join Date: Oct 2005
Posts: 1,007
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That is exactly the right thing UB. Knowing the risk ie. draw down on the Bank over a large enough sample is imperative in order to structure the nature of ones investments.
The stress comes from ones inability to handle the loses past a certain point. Everyone has this point, it just depends on where it is. There is no shame in having a high risk threshold, it just means that the punter needs to take this into account.
Darky, one of the things that have brought many a punter down is forcing the issue. Betting with scared money is deadly. Having a target in mind is great and working towards it is excellent, forcing the issue and betting more then what is comfortable just to make the next 'income' will generaly end up with the punter in a tail spin betting on the UK dogs at 3am just to get out!
If your POT is 5% and you can maintain that, then you are way in front of most punters. If your bank isn't enough at this stage high enough to bet with a stake that corresponds to your wanted income while being in a comfort zone that you can manage, the answer isn't to bet up, its to build. Punting is a business, a long term proposition.
The only other thing I would add is that I would like to see more then just 500 bets in a sample to analyse the risk in terms of draw-down and so on. But that is just me. In regards to whether the POT is sufficient, it is, but that isnt the point, POT (results) is a product of strike rate and prices. You can't effect the divs outside of trying to get the best you can, the thing that you can controll is the performance of your selection method or the strike rate. Your performance and whether you can sustain it is what you have to ask, and no one other then you can answer that.
Kind regards
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Michal - Ratings2Win Pty Ltd
R2W Axis - Axis is Australia's leading horse racing software and database;
with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings.
http://www.ratings2win.com.au/
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