Bank Management

If you are serious about making money from your betting then you should have a bank/s put aside for the sole purpose of betting. This money should be viewed as money you can afford to lose, not your wages on a friday night or at the end of the month that you have to pay the bills with, it should be money you wont miss if everything goes pear shaped. Most of us have been there, I know I did on a few occasions although I never risked the "Bills" money, I would sit there in the pub and think to myself I had unearthed something that couldnt possibly lose and if I put my remaining £20 on then I would have 2 or 3 times more to have a really good night out, you guessed, they mostly fell at the last when in front or pulled up after half way and I would be on my home again... sober.

Never drink and gamble on the horses at the same time, the only time I do have a drink and gamble now is when Im having a few games of poker, mostly for fun and never big amounts of money.

Everybody has losing runs and we are no exception, what we can do though is protect our bank to a reasonable enough level to withstand any losing runs whilst balancing this with making sufficient profits for our efforts.

How long have you got ? By this we mean how long do you want to stay in buisness as a (hopefully) winning punter. I can guarantee you will be out of buisness pretty quickly if you set your stakes to high.

Ok, so what do we use? We use 2 banks, 1 for the win part and the 2nd bank for the place part. We are also testing a "staking to win 1 point" bank which is proving to be profitible.

Our win bank is divided into 50 parts for the year (or 2%) and this is the stake we will use all year.

Our place bank is divided into 25 parts (or 4%) and this is the stake we will use all year.

This is a personal choice and one we would gradually scale down as the profits grew, by scaling down we mean reduced the percentage we staked,

Eg; we might eventually end up placing only 1% of our win bank on each selection instead of 2%, we would scale down the place bank stakes in exactly the same way.

All this builds added protection into our banks and means we can handle losing runs far more comfortably.

You have probably read over some of the posts and are wondering what "points" are and what that means, I will explain in more detail later.

www.proracinginvestments.co.uk