I have decided to limit my betting to $20 a day after suffering heavy losses over the last 6 weeks due to the heavy tracks.

I plan to have just 7 bets a day and all bets must add up to the $20 without going over. Any suggestions.

mad gambler

Maybe stick to just your best 1 or 2 for the day. Have your $10 or $20 on them, and some days don't bet at all if nothing is suitable. Build it up from there until you get your mojo back. I don't know how you select, but that is just some advice looking in from the outside.....

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All generalizations are dangerous.

In the world of gambling, there can be few weapons as powerful as inaction. In fact, if you don't understand this concept then you probably have next to no chance of making it pay. I seriously doubt many give it much thought.

During an average day I might come accross 50 markets (or more) that meet my usual criteria. If none of them offer a suitable situation for me to have a bet, then I - do nothing. ~he's stating the obvious isn't he ?~ I don't think I am. Here's the important point for our money - during that time we haven't lost. Think about that for a minute, I can't emphasize it enough...

Professional poker players will tell you the importance of exercising the option to fold. If your hand is not strong enough or in the right position - fold - do nothing. It doesnt cost anything and it's made you money by not giving it away in a situation where you weren't in the right.

A market or situation that doesnt suit you, is a market full of other people happy to take you on. Don't give them the satisfaction, this is about you, using free will and choosing to beat them at their game, albeit - invisibly.

It tends to go against human nature. It can be difficult. Patience will be tested, but the rewards are potentially huge, especially if you are someone who can't resist having a bet. Everytime you have a bet and you haven't had a clear signal that it's a good idea, then it's more than likely costing you cash in the long run.

This is what I may suggest if you wish to have a little go, every day. .

Target Race No.1 only for each venue.
We do this because the SR is usually high & we wish to minimise losses.

Target your favorite tipsters top 2 selections or your own 2 selections .
We are going to bet 2 horses a race.

Now the important bit of how to place ones bet.

We bet $5 on each of the 4 venues or so = $20.
Of the 2 selections.
$3.00 on the shorter prices & $2.00 on the longer price = $5 per race.
Dont try to seperate them because for whatever reason the other one will get up over yours , very frustrating, no matter what sophisticated form analysis one uses.

Try & only bet if one of your selections is paying at least $4.00+ at jump time.
If ones 1st selection gets up at say $2.50 x 3 O/L = Ret $7.50
If ones 2nd selection gets up at say $4.00 x 2 O/L = Ret $8.00

Try & target races with 9-15 runners, any less & the value tends to fall away.

With this idea you wont experience long runs of outs.
Getting the right price may be the challenge, if using the TABs.

Cheers.

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Cheers.

good advice from all, but id like to suggest that one is very likely to lose betting $5 a pop, no matter what or how you bet. long term that is of course.

its just such an irrelevant amount you could well end up throwing $5 at anything and everything, perhaps not keeping records, perhaps not chasing value, perhaps not handicapping properly and other such pitfalls. who could be bothered doing all that to outlay a rather paltry $5 ?!?
higher you go up the $ ladder, the stricter/greater the focus.

Heres another idea that seems to work OK.

Target the tipsters 1st selection in race No.1 we dont bet on this.
If it gets a place .
Bet the tipsters 1st selection in race No.2 for the Place ,
if its paying $1.30+ for the place.

If the tipsters horse in race No.1 falls over , no-bet in race No.2

Now look for a tipster that may have struck a Place for the 1st selection in race No.1 then bet their 1st selection in the 2nd race.

Plonk $20 on for the Place.

This seems to have a very high SR for some reason.
Check it out on some past results first.

Cheers.

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Cheers.