|
|
|
Split your bank Roy1969 (a forum member and
owner of my Lay Betting System) made an interesting post in the protected part
of forum this morning, about having seperate banks for each of the tips he
follows.
I have always thought this is a good idea and even said so on
many occasions, although I understand for some people because of the size of
their banks it is not always possible, but it is a good habbit to get into
whenever possible.
You could just do it on paper by taking your start
bank and splitting it in to the appropriate size banks for each type of tip you
cover.
So say you had a start bank of £1000 and you followed 3
types of tips, for arguments sake lets take 3 of my own systems that you get
with the Lay
Betting System
V4 AW
V4 Jump
V3 Jump
So we could
write 3 columns on a sheet of paper or in a spreadsheet and give £333.00
for each (I know it's not exactly a 1000, but it is close enough!).
If
you have a look at the example table below.
| Bank £1000 |
Stake |
V4 AW |
Stake |
V4 Jump |
Stake |
V3 Jump |
| Stake 1% |
£3.33 |
£333 |
£3.33 |
£333 |
£3.33 |
£333 |
| |
|
W £336.33 |
|
W £336.33 |
|
L(23.31) 309.69 |
| |
£3.36 |
|
£3.36 |
|
£26.64 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
You can see that I have taken the bank and split it
into 3 columns along with 3 others showing your stake. This is a simple table
but I think it should give you an idea of what I mean but I am sure you can do
better.
Note on the V3 Jump how I recorded a loss and then increased
the stake the next day (using my prefered staking plan).
I would say
though that you really should wait until you have a bank of at least £500
gained from one tip before splitting it up to cover another.
There are
problems using one bank or betting account for several tips and the most
obvious is that one tip on a losing run could effect the value of the overal
bank, to the extent of actually taken funds from your other banks.
So
it is important that if one tip does start to put pressure on the others, then
it is dropped or at least stoped until you can refund that part of the
bank.
You may also find there are periods where because one tips lost
and then another that your overal bank may start to go down' but this should be
tempory and is why you should keep good records so you can see that overal,
each seperate bank is doing what you expect it to. The value of your bank will
rise as each selection gets back into profit.
Roy1969 post in the
forum also mentioned that he was going to go further and split each bank for
each system into further banks to cover the scoring system for each
tip.
Let me explain this a little further.
The
V4 Jump
and V3 jump use a scoring system to work out the best lay from each a day. V4
flat/AW will also have one soon.
Roy wants to still bet on each
selection but wants to know how each score level effects his bank and staking
plan.
If we take the
V4
Jump.
We don't normally use a score of 1 or even 2 because the loss
rate is above average, in fact we are starting to look at betting on a score of
1 instead of laying!
So we will start with a score of 3
| Score |
selections |
losses |
success rate |
| 3 |
39 |
8 |
80% |
| 4 |
59 |
8 |
86.5% |
| 5 |
40 |
2 |
95% |
| 6 |
12 |
2 |
84% |
| 7 |
2 |
0 |
100% |
6 is a little weired although we havent had
that many selections.
http://www.makeyourhorseracingpay.co.uk/
So Roy1969
will split his bank it a further 5 sections (it must be big) to see how each
performs. I suppose you could call this micro banking!
I would say that
Roy1969 idea is extreme but he is serious out making money from the selections
so maybe it isn't, he certainly feels it is worth the time and I wouldn't argue
with him.
Roy1969 is also keen on using different staking plans so
doing it this way he can test different ones for each tip depending on it's
success rate.
|
Malcolm writes "The Horse racings system daily
Tip" newsletter that contains information and advice about horse racing systems
and tipsters. Subscribe free at. http://www.horseracingsystemsuk.com
|
Contact Me:
For any comments, suggestions,
link request or complaints please use the contact form
here. |
|
|
receive news via our XML/RSS
feed
  
![[Valid RSS]](assets/valid-rss.png "Validate my RSS feed")
|
© Copyright 2003 - 2010 Bluebell Data, &
horse racing systems uk LLC - all rights reserved
Please note: Gambling is
risky, we can not be held responsible for how you act upon the information
provided at this site.
|
|
|
|
|
