Horse racing and
sports betting.
 
 

Punt to Win

Pro-Punter
Horse racing forums
Swap tips and discuss betting systems and software

Qld, NT and Tasmanian punters, claim up to $502 deposit match!


Qld, NT and Tasmanian punters, claim up to a $250 bonus bet!


Join Betfair now!
Win at racing

 

 

1/4/2006 edition

What is a Safe Betting Bank?

What is a safe bank for betting on horses? Is there even such a thing?

For the purposes of this article we will assume that the selections at least break even and odds significantly inferior to what are available are not regularly taken about them. If the selections are just plain poor then they must lose long term. If horses are backed at odds below their true winning chances, it means those horses must return a long term loss. That means any betting bank over the long term only head in one direction - down to zero.

Many punters over the years have been misled into believing that you can safely bet five per cent of a bank and turn it into a fortune by some marketers of horse racing information.

Betting 5% non-reducing of a bank is mathematically guaranteed to wipe you out. That is only 20 betting units and even the best selection methods will lose 20 units during an extended bad run.

Some years ago I spoke to a punter who started using a selection and betting method with a bank of $500 and $20 bets. As the bank increased the bet size was proportionally increased. All was fine and the bank increased to $5000 with $200 bets. Then a bad run came and all the profits disappeared.

With level stakes betting there would have still been a profit.

But the real problem was that betting 4% non-reducing of a bank was simply just too much. The bet size was simply too high. It did not allow for a perfectly normal, statistical bad run.

Well then, what is a safe bet percentage of a bank to bet?
Continued next page - click here

This edition of Punt to Win:
What is a safe betting bank?
The best horse racing tipping service on the internet
Get those betting odds
Horse Watch betting system - future winners
Betting favourites in small fields
Best odds for well bet winners - bookmaker or tote?
Betting tips from the track: Rosehill and Moonee Valley
Racing results for horses carrying a weight handicap of 59kg.
Future winners - unlucky horses
Punt to Win 25/3/2006
Punt to Win index


2005 Melbourne Cup Carnival Winners
Best Tote Odds?

Horse

Get these prices? Or these prices!! Extra Profit $10 bet
Coronga 10.80 13.70 $29
Funlove 8.40 11.20 $28
All Bar One 15.20 17.50 $23
Segments 7.40 9.50 $21
Testafiable 6.20 8.30 $21
Freeroller 10.10 12.10 $20
Glamour Puss 9.00 10.60 $16


 

Best online bookmakers
Best online poker rooms

Copyright 1998-present. OZmium Pty. Ltd. All rights reserved.

 

Home | Contact us | Special offers | Horse racing forum | Advertise here

 
  Disclaimer: This site covers various aspects of horseracing in Australia. We provide betting tips, online gambling strategy and links to many thoroughbred sites. OZmium Pty Ltd is not responsible for the content of the links and also accepts no liability for financial loss or misadventure caused by the information provided here. We strongly recommend you bet within your budget and only with money you are prepared to risk.