Meanwhile, I have been giving some thought to Mad gambler's question. And now he has his food bank, the other 2 banks are ready to swing into action !

There has been talk here of reducing, non reducing and 1 or 2%. I think Mad's idea of 3% flat stakes probably reflects preferred bet size for a $500 bank to bet from: $15 bets.

Originally he had bets in 130 races for 48 winners for 218 selections in 3 months. That works out at about 18 bets a week or $270 a week in bets of $15

Quote:
out: $218.00
in; $263.30
I'm sure Mad means units here and not $ unless he is having $0.50c bets. [I'm not knocking the 50c punter but they don't need a betting bank, just a spare change piggy bank].

The fact that Mad is in a position to put aside a $500 bank as a spare means his life is not hanging on his betting bank, so for him to have a realistic betting experience, 1% of bank would be 'safe' but at $5 a bet, too low a bet amount for him I think.

I'd plumb for 2% $10 bets non-reducing [keeps the betting simple] as it is a reasonable bet amount and as Mad obviously by his SR figures, bets around the shorties, there is nothing too risky going on regarding runs of outs, nor with his betting habits. Having a $500 spare bank is a good move for 2% bets.

3% of bank is pushing the envelope unless bank renewal is no big deal or hardship.

So there you go, food bank and betting bank sorted :-)