Dear All, today I have two Casual investments.
Race No: 2
Horse Name: FIRE VAULT
Horse No: 2
Investment: Win
Type: Casual
Result-Lost
Race No: 8
Horse Name: STAR TRAINER
Horse No: 1
Investment: Win
Type: Casual
Result-Won
Adios
Captain
Friday races
17 hours ago
@to one and all
ReplyDeleteRisk management is the most important thing to be well understood. Underbet, underbet, underbet is my second piece of advice. Whatever you think your investment ought to be, cut it at least in half.
1. Bet sizing is one of the most important aspects to horse racing
2. Every time you bet, you should know why you are betting and why you chose the amount you did.
‘Never risk more than 1% of your total betting capital in any one bet. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely essential in order to preserve your capital and win the game.
The difference between winning and profiting: the most important point in playing to win is
It’s not about how often you win, but also about how much you win. Winning and profiting can be two completely different things.
So friends even if you win 20% of your play you should be able to show profit.
I know people who say they win 60% and yet they show loss, what is that due to?
Here’s what I mean: if your system had an 80% chance of winning `100 and a 20% chance of losing `1,000, in the end you are bound to lose everything, despite the fact that you may experience many winning bet. Stringing together eight winning bet, valued at `100 each, followed by a couple of Rs1,000 losses will guarantee a trip to the poor house.
On the flip side, a couple of `1,000 wins is far better for your wallet than eight `100 looses, as demonstrated in the following scenario about system biases, commonly referred to as expectancy.
Expectancy is just a fancy name for what is just described here.
Expectancy is calculated as:
(% of wins x average win odds) – (% of losses x average loss odds)
So in our example we can see that:
(80% x `100) – (20% x `1000) or `80 – `200 = –`120
A betting system with these metrics has what is known as a negative expectancy. Compare that with our second example where the system has a positive expectancy and you could lose 80% of the time, yet still be profitable.
(20% x `1000) – (80% x `100) or `200 – `80 = +`120
This loses 80% of the time yet shows a profit of `120 per bet. Which situation would you rather find yourself in?
Seek the answer from records of betting and change the betting habit
Success is yours
(`Rs)
easwaran