#11
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![]() Ahhh ..... don't drink alcohol and bet, "the get out stakes" would contain a bigger percentage of booze related money than the earlier races.
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#12
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![]() Ho Ho,
Your so right Barny. |
#13
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![]() Much of your original post is relevant to poker also.
I play a lot of holdem and the moment I stray away from these principles, I lose. Excellent post for those who take gambling seriously.
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At the feast of ego everyone leaves hungry |
#14
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![]() Hi Paul,
A question? In the nature of Drawdown Would you agree that 85 - 95 % of the time the Bank would be below its Previous Peak and that 35 % of the time would be significantly lower (20 %). Cheers darky |
#15
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![]() Hi Darky,
Paul is off for a few days. Essentially what you said there is in the ball park, and absolutely correct! The percentages will vary based on a method/system that one employs, but the premise is; Most times your bank will be less then its best point, even if you are a winning punter. The drawdown and ultimately the success of a method depends on a few things;
__________________
Michal - Ratings2Win Pty Ltd R2W Axis - Axis is Australia's leading horse racing software and database; with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings. http://www.ratings2win.com.au/ Last edited by Michal : 25th June 2013 at 07:43 AM. |
#16
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![]() Just to illustrate some of the points I was making, here is the Favourites system breakdown.
Bets 2791 (3.5 years) Wins 1296 strike rate 46.4% level stake profit $137 (based on $1 bets with NSW/SP divs) Based on this info one would just launch into it and .... It will be OK ! As the Bet Analysis tells me that with flat bet of 1% of bank $100 ($1 bet size) has an Average draw-down of just 9% and Maximum draw-down of 24% over the sample. So that is a comfortable, no stress low risk betting scenario with nearly 5% POT. Now lets look at some different scenarios using the same selections, divs and just changing the betting method using a Starting bank of just $100. Note BR = Bank Risk
Looking at the system above, we know that the average risk is around 10% of your bank using any of the methods. The maximum risk to the bank varies, managing this risk in a way that is acceptable to you is THE ONLY WAY that you will actually reap the profits from this system. If you under utilise the system then you will walk away from it thinking that you can't make profits from favourites. If you over-extend your bank threshold and quit you will walk away knowing that you go broke backing faves. The reality is that when utilised and managed correctly, there is good profits to be made here. It comes down to managing your bank draw-down risk correctly, that is after you have created a profitable system to start with. Kind Regards
__________________
Michal - Ratings2Win Pty Ltd R2W Axis - Axis is Australia's leading horse racing software and database; with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings. http://www.ratings2win.com.au/ Last edited by Michal : 25th June 2013 at 09:16 AM. |
#17
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![]() Quote:
Unless you have a very good strike rate. If your strike rate is up at around 95%or higher then your mostly going to be at your best point most of the time. A real life example . My bank has been at its highest 155 days out of the last 176 days (days so far this year). That's 88% of the time. It all depends on your strike rate. Just think how much easier it is for me and how that effects my confidence and morale. I'm up on average almost 9 out of every 10 days. |
#18
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![]() Hi UB,
Just out of interest; Backing ? Laying ? Trading ?
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Michal - Ratings2Win Pty Ltd R2W Axis - Axis is Australia's leading horse racing software and database; with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings. http://www.ratings2win.com.au/ |
#19
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![]() Quote:
Both Backing and Laying (no trading at all) |
#20
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![]() Thank you Michal.
My comfort level is 4% of original Bank of $10,000 betting to available price. I would say to any budding Punter that if your uncomfortable with the size of your bet then pay close attention to what Michal has just outlined. Cheers darky |
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