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26/5/2012 edition

What is a Safe Horse Racing 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 goes 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 we 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?
What is a safe betting bank? Continued next page - click here.

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This edition of Punt to Win:
What is a safe horse racing betting bank?
The Professional Punter's horse racing news
The Second Up Winners free horse racing betting system
Horse racing form analysis and betting system tips
Horse Watch betting system - future winners
Group 1 horse racing results: 19/5/2012
Group 1 horse racing results: 12/5/2012 & 5/5/2012
Free horse racing betting tips package membership!
Get those betting odds
Betting favourites in small fields: 19/5/2012, 12/5/2012 & 5/5/2012
Best odds for well bet winners - bookmaker or tote?
Betting top weights - horses carrying a weight handicap of 60kg.
Punt to Win 5/5/2012
Punt to Win index


2011 Melbourne Cup Day
Winners under $10.00
Best Bookmaker Win Odds
Best Tote Odds

Horse

Get these prices? Or these prices!! Extra Profit $30 bet
Applegate 6.50 7.90 $42
Foxstar 4.00 5.00 $30
Dunaden 8.20 9.10 $27
Under The Eiffel 3.70 4.40 $21
Lamasery 4.50 5.00 $15
African Pulse 5.40 5.60 $6
Combat Kitty 3.50 3.70 $6


 

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  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.