New Posts For Thread: advice on bank managementhttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-managementim up and down like a yoyo. big wins and big losses. incredibly, ive had more wins then losses, but my account seems to go down at the wrong times. what are some of the strategies that you use? i hear alot about betting no more then 5% of your bank oPlay with tiny stakes and do everything you can to make your profits as consistent as possible to prove to yourself that you actually have an edge. How much money you actually make doesn't matter, so long as it is consistent. Then scale up when succehttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504140991#504140991Play with tiny stakes and do everything you can to make your profits as consistent as possible to prove to yourself that you actually have an edge. How much money you actually make doesn't matter, so long as it is consistent. Then scale up when succeThu, 04 Aug 2011 21:13:48 -0500But but but..... Cue....You can't eat value.... It's no good if it's value and it doesn't win ....https://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504140469#504140469But but but..... Cue....You can't eat value.... It's no good if it's value and it doesn't win ....Thu, 04 Aug 2011 20:55:38 -0500Eddien, you say "you will most likely be back to evens, or close enough to it" but that's not strictly true as commission paid will slowly but surely erode your bank. You might be paying just 5% in commission per bet, but at the end of the month aftehttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504137729#504137729Eddien, you say "you will most likely be back to evens, or close enough to it" but that's not strictly true as commission paid will slowly but surely erode your bank. You might be paying just 5% in commission per bet, but at the end of the month afteThu, 04 Aug 2011 19:39:41 -0500Betting £300 a go you could be down to nothing pretty soon even with good picks if you have bad luck.£50 is actually too high really.As others say above if you can do a lot of bets, then , if you have a good selection method , £20 bets will see thhttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504135383#504135383Betting £300 a go you could be down to nothing pretty soon even with good picks if you have bad luck.£50 is actually too high really.As others say above if you can do a lot of bets, then , if you have a good selection method , £20 bets will see thThu, 04 Aug 2011 18:48:32 -0500thanks for your thoughts. if you got a bank of say 1000. and you aim at 5%. so your betting 50 every bet. you win some, you lose some. over the next few weeks you would most likely be back to evens, or close enough to it. surely at some stage you nehttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504133745#504133745thanks for your thoughts. if you got a bank of say 1000. and you aim at 5%. so your betting 50 every bet. you win some, you lose some. over the next few weeks you would most likely be back to evens, or close enough to it. surely at some stage you neThu, 04 Aug 2011 18:09:12 -0500Treat your account like one of your bank accounts.https://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504133245#504133245Treat your account like one of your bank accounts.Thu, 04 Aug 2011 17:58:40 -0500I agree with most of the points suggested.Have a look at level stakes on your bets and see how much you can realistically expect to win over 100 bets. If you think you can outlay 100 @ 1.00 per bet and at the end of the 100 bets get a net return of 1https://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504112355#504112355I agree with most of the points suggested.Have a look at level stakes on your bets and see how much you can realistically expect to win over 100 bets. If you think you can outlay 100 @ 1.00 per bet and at the end of the 100 bets get a net return of 1Thu, 04 Aug 2011 10:55:58 -0500People tend to set their goals too high and bet recklessly accordingly.Doubling your bank in one season is perfectly acceptable, 150% is great and anything beyond is fantastic but probably reckless/lucky. Obviously this is applicable to straight betthttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504110055#504110055People tend to set their goals too high and bet recklessly accordingly.Doubling your bank in one season is perfectly acceptable, 150% is great and anything beyond is fantastic but probably reckless/lucky. Obviously this is applicable to straight bettThu, 04 Aug 2011 10:05:26 -0500compound interesthttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504105493#504105493compound interestThu, 04 Aug 2011 08:35:39 -05004) think long termhttps://community.betfair.com/general_betting/go/thread/view/94082/28093295/advice-on-bank-management?post_id=504097943#5040979434) think long termThu, 04 Aug 2011 04:44:58 -0500