Thanks very much for your reply, Dave.
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Originally Posted by Euro_d
Roberto, you are absolutely correct, tisking 10% of the bank on any one race is absurd risk management. The racingtowin website advises 10% if I understand correctly.
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It does indeed.
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Originally Posted by Euro_d
I apply 30% of the bank per day and then proportion that across the total number of races.
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Yes, I see. Interesting suggestion. It does mean that on a day with a lot of bets (like yesterday, maybe?) you're staking a fraction per race of what you would then stake on a day with only one race for the system? Hmmm ... I'll have a think about this. I might just cut their 10% down to 4% or something, and work on that basis for the moment.
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Originally Posted by Euro_d
If you want the spreadsheet, email or IM.
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Many thanks. I have everything here: I realised only after posting yesterday that I hadn't mentioned that I decided to buy the thing a couple of days ago, so I'm "with you all the way" (don't worry: you will shake me off before we get to Aintree).
I started off doing it "by the book" yesterday, from my bank of about £1400 (I decided I'd allocate £1500 to this but I took the purchase-price out of that as well!) and suddenly realised after the loss in the first race what inappropriate position-sizing it was! Still, we'll see ...
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Originally Posted by Euro_d
I have been playing a little with the hourly FTSE on Betfair ... ... ... Has anyone else tried this?
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I've done the "daily" a few times, arbing between Betfair and BetOnMarkets, but it's not often that it works out well enough to be worth doing. It's a little bit fiddly that way. I think that when I last did it, "hourly" was not available - maybe a new thing? Will take a look.
