Once his horse make it difficult he has reached the point of competition which guarantees certain benefits - the horse race, betting and gambling management becomes important. In fact, it really is what separates the "pro" from the "dabbler" - a seriousness and expert on horse race betting translates into increased profits. There are a lot of good handicap, but there are few professional bettors.
At the most basic level, there are only 3 approaches to bet horse racing;
1 Increase bets until he wins
2. Increase the bets until you lose
3. Keep bets at the same level
The latter is just good old fashioned "flat" betting. If a player feels comfortable with betting $20 but not $30 bets - he will fall into a Groove of betting almost always $15 to $25. And it is good. As we have said many times, the objectives of some players might be just entertainment, or the crippling challenge - etc...
If, however, his goal of horse racing betting is maximized benefits - then the player serious not only stay on the same level of commitment flat without regard to the ROI, winning the race, the average profitability percentage share prices etc... This will not allow optimum growth of funds.
It might be a better tactic to raise levels of flat bet by a percentage determined in each doubling of funds for betting. So I have commented in the e-book "horse professional betting now!" and go back to here.
The second list - which increase bets on losses - is the most dangerous approach. This type of "betting progressions" can be and have been successfully implemented, but can also easily result in the loss of gambling funds. In a later article, you can deepen in this style of bets a bit.
The first approach listed - that increase bets on a win - has by far the greatest potential for increasing your winnings of bets. It is the method that we discuss here.
A certain percentage of funds betting succeeds and is the most commonly used. No doubt many of you know the formula for Kelly: win percentage less percentage loss divided by the return to the dollar.
For a good many years this approach to management of money to bet horse was promoted in circles as the approach for profit optimization of racing.
The real problem with Kelly is to increase the levels of bet too fast also allowing a short run to decimate or eliminate benefits accumulated during a long series of profitable bets.
Most of the players that use Kelly used a "fractional Kelly" as a way to alleviate this problem. It is usually too radical for Kelly to use more than 1/2 or even 1/4.
If you are using to Kelly - it is essential to have benefits in any large "peak" in the funds. This will help the previous mentioned the question of the volatility. So when comes the inevitable gust - good profits already have been removed from the funds.
More disabling wisdom said never bet more than 2-5 per cent of its funds to any one bet - no matter what their perceived advantage. The astute player with a real advantage could push the parameters out a bit - but not too much!
Here is an alternative suggested to Kelly.
A "structured flow" horse betting method - up the ante in wins and lower losses - is still a good and viable way of increase in benefits, how can approach this in a way which is slightly less radical than the formula of Kelly?
Remember: try stripes - both winning and losing - is important for our end. The stripes will come - is a given. The more likely your average winner - most the potential winning streak. On the other hand, has only a short run in rewards of high probability to exploit a funds upwards.
If we use the 4 per cent of funds betting as a point of reference - and given that we will be ready to push the envelope a bit - are going to establish 8% (4 double) a maximum of and use 2% (half of the 4).
To win races from 16 to 20 per cent, we hope to win one in 6 races - more or less. What we want to achieve is that large bets on winners and losers smaller bets. We want to increase our bet after a winning enough for 6 races later that I still have at least a slightly larger bet we have had in the last winner - but - what if we are going to 7 and 8 or more bets without a winnerWe will have smaller bets on those who have had in the last winner.
What kind of a race horse betting approach would fit the Bill?
Bets of 1.5 per cent of the funds-in-wins - and get 25 percent of the losses. It is a ratio of 6-1, and they should fit well the win races from 16-20 per cent. Of course, this can be adjusted independently figures have been established in his own career of bets.
Try to apply this formula to a series if their own historical bets - I think that you will like you'll find it.
Jerry Samovitz has a good book that you want to read about this subject is called: "outside the network and in the Black" -
We recommend it.
And, of course, we also recommend accessing good paying winners and those who are above - and that requires a solid disabling method that works. More information on successful approaches of betting: bets horse.
HorseRacingGold provides you with all the information you need to refine and focus your horse betting and horse disabling abilities in a cost-effective and consistent approach to the game.
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