Heres a very solid money management plan that will make a profit where level stakes wont. Regardless if the average win% to average price ratio is less than 1.1, all due respects to my learned colleage Becareful.
BANK NEEDED $2000
1)The objective here is to make $1.00 per race win loose or draw.
2)Bets divisor goes into a sequence of 3
E.g. Divisor would be 2.8,2.8,2.8 Then 3,3,3 Then 4,4,4,Then 5,5,5,& so on outlaying to recover previous outlays + $1.00 profit for subsequent races.
3)Whenever you strike a winner at equivalent odds to divisor , you have now reached the objective for you to start from the beginning again.
4)If the winner gets up & pays less than the divisor , reduce your divisor by 'one' for the next 3 loosing bets .After readjusting your target to be won due to your previous winning bet.

E.G. Tar$1.00/2.8=1.00 L
1+1+1=3/2.8=1 L
3+1+1=5/2.8 =2 L

5+2+1=8/3.0=3 L
8+3+1=12/3.0=4 L
12+4+1=17/3.0=6 L

17+6+1=24/4.0=6 Win @ 2/1 prof.$12-24=12 outstanding.
New Targt 12+1=13/3= O/L 4

You will always reach the target on any reasonable selections.

I have found it works a treat following the 1st.2 TAB favorites right accross the board & backing the one with the widest barrier.

DONT TRY THIS AGGRESSIVE PLAN UNLESS YOU HAVE THE BANK SIZE AS SUGGESTED, TO BACK IT UP.

This Plan works & it works very well indeed.
E.G.On the weekend betting all 6 venues 47 bets only 13 winners -8% loss if level stakes betting.
This plan produced +$38 profit ,the average punter is going to say ,thats not enough profit I need a lot more than that ,& thats where they come unstuck every time GREED.The Bookies prey on human frailty & they love it.

Dont be a victim, control your environment with professional money management.That way you will stay on the wright side of the ledger along with any reasonable set of selections.

Give it a dry run before you put real money on it.You can go over past results by clicking onto http://www.tabq.com.au

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Cheers.