New Posts For Thread: Good bankroll management.https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-managementHi guys, This seems to be something that i am currently very very poor at. It is the main thing within something in betting on something like betfair.I was wondering if anyone had any decent tips on bankroll management.I seem to make money, then loseYou're right we can all pick winners and see stand out value bets, it's our ability to carry on when things aren't going our way and, as you say, have the discipline not to chase losses - something that has taken me 30 years plus to overcome.https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550787275#550787275You're right we can all pick winners and see stand out value bets, it's our ability to carry on when things aren't going our way and, as you say, have the discipline not to chase losses - something that has taken me 30 years plus to overcome.Tue, 03 Jan 2017 11:43:02 -06009/11 used as a sample would always ring loud alarm bells for me Most people fail down to ability rather than discipline though of course poor discipline would stifle someones ability. I have read so many threads blaming poor discipline that a bank wahttps://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550787213#5507872139/11 used as a sample would always ring loud alarm bells for me Most people fail down to ability rather than discipline though of course poor discipline would stifle someones ability. I have read so many threads blaming poor discipline that a bank waTue, 03 Jan 2017 11:36:06 -0600I think as a rule of thumb backing odds on is a no no, as is ew betting, however if it works for you & keeps your losing streak down so be it. Number 1 is the best advice.https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550787133#550787133I think as a rule of thumb backing odds on is a no no, as is ew betting, however if it works for you & keeps your losing streak down so be it. Number 1 is the best advice.Tue, 03 Jan 2017 11:25:38 -0600MD...its not nonsense if you want to maintain a long term ROI of over 100%https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550787091#550787091MD...its not nonsense if you want to maintain a long term ROI of over 100%Tue, 03 Jan 2017 11:20:46 -0600The "never bet odds on" is nonsense, that's like saying you wouldn't have backed Thistlecrack at 10/11 in its Novice Chases! If you have something priced up at 1/2 and it's 5/6 surely you back it (taking out the unbackable short price stables).https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550786975#550786975The "never bet odds on" is nonsense, that's like saying you wouldn't have backed Thistlecrack at 10/11 in its Novice Chases! If you have something priced up at 1/2 and it's 5/6 surely you back it (taking out the unbackable short price stables).Tue, 03 Jan 2017 11:07:50 -0600Makes absolute sense to mehttps://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550786899#550786899Makes absolute sense to meTue, 03 Jan 2017 11:00:31 -0600Yeah, lol. A bit from the book: Whatever type of racing you are interested in, providing you follow a consistent principle of selection, you should be able to achieve a success rate of 30%. Betting strategy is the key to making racing pay.It can be shttps://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550786779#550786779Yeah, lol. A bit from the book: Whatever type of racing you are interested in, providing you follow a consistent principle of selection, you should be able to achieve a success rate of 30%. Betting strategy is the key to making racing pay.It can be sTue, 03 Jan 2017 10:49:41 -0600after travel hotel expenses?https://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550786647#550786647after travel hotel expenses?Tue, 03 Jan 2017 10:36:27 -0600Reminds me of "How To Win at Handicap Racing" by Patrick Kilgannon. In the book he is extremely selective and concentrates only on better class handicaps. I think the basis of the book: he was looking for horses who could quicken at the business endhttps://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550786621#550786621Reminds me of "How To Win at Handicap Racing" by Patrick Kilgannon. In the book he is extremely selective and concentrates only on better class handicaps. I think the basis of the book: he was looking for horses who could quicken at the business endTue, 03 Jan 2017 10:33:57 -0600wondersobright.Against my better judgement and realising I'm on a hiding to nothing.Using the 2015 figs, posted by someone earlier.The Total of the prices taken( bet) of the 217 selections was1601An average price of 7.4.I still fail to see what thishttps://community.betfair.com/horse_racing/go/thread/view/94102/30774801/good-bankroll-management?post_id=550785863#550785863wondersobright.Against my better judgement and realising I'm on a hiding to nothing.Using the 2015 figs, posted by someone earlier.The Total of the prices taken( bet) of the 217 selections was1601An average price of 7.4.I still fail to see what thisTue, 03 Jan 2017 08:51:00 -0600