Hi Garry,

I agree with Barny, but there might be a little middle ground if you are a Saturday to Saturday punter. If you want to focus on a daily approach, then have a bank, reserve bank and set yourself a target profit and safety net for the day.

For example:-
Bank $100
Reserve $100
Target 10% ($10) - variable
Safety Net 50% ($50) - variable

The keys to remember are to:-
- Stop when you achieve your target profit -or-
- Stop when you hit your safety net
- Recalculate your bank and reserve at the end of the day ready for next week.
- The larger the target the greater the risk and the increase likelihood you'll need your safety net, particularly if you are focussing on one day (Last Saturday had 40 metro, 32 provincial and 24 country races assuming they were all bettable).
- You can stake however you want after this.

The reserve bank can be optional if you are a real Saturday to Saturday punter, but from what I've experienced, that is a recipe for the poor house very quickly.

Cheers

Brett