Don’t Underestimate the Importance of Using a Betting Bank

Before bets are placed on horses, it is recommended that a betting bank is created. The creation of a betting bank is part of the discipline that is required of those who place bets on horses. The betting bank should contain sufficient funds to support all future betting activities but should not contain so much that it will cause financial hardship should it be completely lost.

How to Deal With the Dreaded Losing Runs

Losing runs can quickly decimate a betting bank to the point where it is difficult, if not impossible, to recover the losses incurred without an outrageous run of good luck. Losing runs can occur at any time and without any warning whatsoever. In my opinion, it is foolhardy to remain ignorant of the existence of losing runs. Anyone who does so is courting with danger. So, let’s look at how we go about calculating how long the longest losing run of a system is likely to be.

What’s Your Strike Rate Looking Like?

Although the Strike Rate of a selection system is not the be-all-and-end-all, ignore it at your peril. The Strike Rate of a selection system is usually expressed as a percentage. To calculate it, the number of winning bets is divided by the total number of bets made. The result is then multiplied by 100 to convert it to a percentage.

Why It’s Important to Analyse Your Betting Performance

At this point, we should now have a selection system or, at least, the tips from one. As was stated earlier, even a bad selection system is better than no selection system at all. The reason for this is that the results of even a bad system can be analysed, and valid conclusions drawn, whereas it is pointless analysing the results of a totally random system since the results of the analysis will also be totally random. As a result, any conclusions draw from the analysis will be irrelevant.

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