Best tips for risk management


Horse Racing Gambling Systems That Work

Most gambling systems fail to produce
positive returns on investment in the longPosition  sizing  -  Percent  risk  model
term, this is mainly down to human psychology
and no real strategy. In this article I willWhen you enter into a bet you divide you
discuss position sizing and anti-martingalegambling pot by a % factor, this is then your
strategies that will assist and help you makestake at which you back a horse, If you are
a  long  term  profit.laying a horse this is the maximum you can
lose so you need to further divide by the
It doesn't matter if you are gambling inlaying  odds.
horse racing, investing in stocks or day
trading forex you will need to manage yourDependant on your appetite for risk and the
money pot with a position sizing strategy. Ifamount you want to win. You will first need
you apply this correctly and your desiredto decide a percentage risk, I recommend
punts are coming in your money will grow. Ifanywhere from 0.25% to 1.5%, this may seem
you have no position sizing then you arequite  low, but it ensures long term survival
doomed  to  failure.
Example  for  backing  a  horse:
What  is  position  sizing?
I have a gambling pot of $3000 I have
Position sizing in its purest form can bedetermined that for every bet I take I will
divided into two areas, martingale oronly  risk  1.25%  of  my  money  pot
anti-martingale, Most casino gamblers will
probably have tried to use a martingaleSo my first bet will be 3000/100 x 1.25 =
strategy without even realizing it.$37.50
Martingale strategy increases your bet size
if you are losing, anti-martingale is theLuckily my first bet came in and I made $150
opposite and you increase your bet size whenprofit, so my second bet would now be 3150
you are winning. One works the other is a100  x  1.25  =  $39.4
total  disaster..  guess  which  one?
Simple, all you need do is divide you pot by
Martingale  example:1.25%  for  each  bet
Any  game of chance will have losing streaks!Example  for  laying  a  horse:
Joe punter places a $1 bet at 2.0 decimalI have a gambling pot of $3000 I have
odds to win, on the horse windjammer atdetermined that every bet I take I will only
Lingfield it loses he then doubles up andrisk  1.25%  of  my  money  pot
places a $2 bet on the horse tabadul, this
also loses. Joe continues his unlucky streak,So my first bet I will risk 3000/100 x 1.25 =
doubling up as he goes on. His losing streak$37.50
is now ten horses, he has to place a $2000
bet to just win his original $1, that's rightMy lay bet odds are 9.0 decimal (8/1) so my
he  has  to  risk  $2000  to  make  a dollar.betting stake will be $4.69 (37.5/8) giving
me a bet liability of $37.5 if my bet is
To make matters worse Joe is running out ofunsuccessful
time as the horse racing track is going to
close and also the horse racing tracksMy second bet will now be 3004.69/100 x 1.25
betting  maximum  limit  is  nearly  hit!=  $37.56  etc
See the problems, as a result MartingaleBenefits  of  a  percentage  risk  model
strategies  in  the  long  term  do  not work
Allows for small and large betting accounts
Anti-Martingale strategies do work however,to grow steadily it also equalizes
they call for a larger risk to be taken whenperformance  by  the  actual  risk.
you  are  on  a  winning  streak!
Finally the percentage risk model is
Position sizing systems that work whether forrecommended as the best possible position
gambling, trading or investing are basedsizing model for long term trend followers.
around increasing your position size when youIt gives all bets equal risk and gives a
are winning and making money, and decreasingsteady growth to your betting pot.
your  position  size  when  you  are  losing.



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