the fan,
Age 44.
The $50K is my working bank - I actually have about $20K spread across the three totes and online books. The other $30K is in a Macquarie Bank 24hr Call A/C so if I need it, it's there.

Mr J,
Thankyou very much for the info. On the figures I should be betting around $1000 per play but on a bad week I could drop $12K.
Psychologically this is a tad much for me.
The most I've lost in a week over the past seven years is $5500 and that hurt although I had it back within 3 weeks.
I also have to be careful not to overbet the dogs as my cream comes when I back $8+ winners. If I increased the bets on those dogs, the dividends would drop slightly.