Equine Investor - no offence taken! I am actually working on trying to include some shorter priced selections into my system (in the $4-$8 range) to try to boost the strike rate and give a bit more stability to the system. As you say the problem with backing longshots is that you can have longer runs of outs which means my system is profitable but a bit unstable (eg. $4000 profit one week, $2000 loss the next) - which puts you on a bit of an emotional rollercoaster!

I agree with your point about betting a percentage of your REMAINING bank - so if you start with a bank of $1000 then your first bet would be $10 (assuming 1%) - once bank falls below $950 then drop to $9 bet, etc. This is the way I work so bet size goes up after a few wins but drops back down if you have a run of losses. I also recommend that if you are winning and growing your bank then take some of your winnings out each week until you have "repaid" yourself the initial investment - that way from then on you are only betting with other peoples money!

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