Stategies

[Punk Rooster]

Ok, winning isn't the hard part- deciding what to do with wininings is.

I've just made a substantial withdrawl- 4/5ths of my account.
Out of that 4/5ths, half of that was money I placed in there, so I did better than double it.
I have left the remaining 1/5th in there as a fresh approach to builing it up again, rather than just lettting loose & betting higher sums, due to recent successes- I'm also betting with their money now.
I don't agree with withdrawing the whole lot, as you may miss future oportunities- be patient & they will come

I intend to just save the money at the moment- something may come up in the future.

I have a bet going for Luke Crane in the Magarey Medal (admittedly, I think he's now a place chance at best), which if that got up, would've used it as a deposit for a property of some sort.

[silicone skyline]

True, betting with their money is also more satisfying, and so much smarter.
Interested in your take on West Coast paying more than Collingwood on Sportsbet.
Is that a valid price or worth getting on?

[Dutchy]

I use winnings to build my bank and as the bank builds I increase my bet size, but never more than 3% of the bank, lack of money management skill is the No. 1 way mug punters lose their cash, even if they are tipping winners they lose in the long run, its a long grind if you want to be in front long term...

Bank $1000- = Max Bet $30-
Bank $5000- = Max Bet $150-
Bank $10000- = Max Bet $300-

Best thing I ever did was to seperate my punting $$$ from our normal income/expenditure with a seperate bank account and also keeping records.

Agree though Punk that if you have a nice win or are well in front you can use it for other investments or treats, With my winnings this year Im planning on taking the family to Gold Coast next year (to tie in with a Roos game of course!)

[heater31]

my maths teacher at school once gave out this punting advice after he busted us with a massive poker ring we had going.


Slow and steady always wins the race and look at the form


I have had my sportsbet account for 3 weeks and have already doubled my investment although balak last week went a long way to getting me there. I aint looking to make millions and will always use the limit settings they have

[Punk Rooster]

Slow and steady always wins the race and look at the form

Good advice too.

I have a limit on my bets- 5% for general punting, 10% for something extraordinary (say someone offered me $5 heads or tails, instead of $1.90).

I had one bet this year where I broke that rule, & it didn't pay off, so I've used that as a reminder to operate within my own rules, & don't get too greedy- I would rather always wish I had more on a winner.

I think starting afresh can be good too, as you reset your goals, & don't get complacent/greedy/foolish.

[mighty_tiger_79]

another way of looking at it, is thinking before you put a bet on, is this worth my $$$$$$$

which is why as punters you should do markets on everything you bet on.

if it is - then away you go and if in doubt put more on like AG

[mal]

Ive got one stratergy
Work out your odds as I do for your bets
If its tossing a coin the odds are
$2 a head
$2 a tail

At those odds I would put $10 on a toss with anyone

If someone gave me $2-50 a head or a tail I would bet $50 a toss

If someone gave me $5-00 a head or a tail I woul bet $2000 a toss

Use the same philosophy with sport/racing bets

IF your someone who does not work out thier own odds
I suggest you follow the staking plans of PR /DUTCHY

[robber]

Ive got one stratergy
Work out your odds as I do for your bets
If its tossing a coin the odds are
$2 a head
$2 a tail

At those odds I would put $10 on a toss with anyone

If someone gave me $2-50 a head or a tail I would bet $50 a toss

If someone gave me $5-00 a head or a tail I woul bet $2000 a toss

Use the same philosophy with sport/racing bets

IF your someone who does not work out thier own odds
I suggest you follow the staking plans of PR /DUTCHY

If the LateMAL actually start backing losers it wont take you long to go broke with that staking system.

if you price two horses 2.5 in an 80 % market.
one is paying 41 dollars the other is paying 16 dollars you should be having the same amount on both of them because you give them both the same winning chance.

[Ecky]

If the LateMAL actually start backing losers it wont take you long to go broke with that staking system.

if you price two horses 2.5 in an 80 % market.
one is paying 41 dollars the other is paying 16 dollars you should be having the same amount on both of them because you give them both the same winning chance.

Totally disagree Robber
Good punting is about finding value, and making the most of the opportunities you get when you find value.
I'm sure Mal will explain it more clearly shortly.

[bayman]

If the LateMAL actually start backing losers it wont take you long to go broke with that staking system.

if you price two horses 2.5 in an 80 % market.
one is paying 41 dollars the other is paying 16 dollars you should be having the same amount on both of them because you give them both the same winning chance.

Totally disagree Robber
Good punting is about finding value, and making the most of the opportunities you get when you find value.
I'm sure Mal will explain it more clearly shortly.

mal would take the 'any two' then

[mal]

If I had 2 horses $2-50
and got $41 + $16 .......

I would norMALly have $20 a win if I get $3 either one
At $41 and $16 I would still have a minimum of $20 on both [$25 ON THE $41 chance]

BUT would go like this
I would have $50 each way at $16
I would have $60 each way at $41

Moral of the story is if I could get $115 for every $100 invested on pokies
I would play them all day and all night
I would be too scared to go to sleep
Reality is I think the returns are $85 per $100 invested
And I never play them
And I sleep ...