TheSnapper

TheSnapper    $1 680,47
Mr.Kelly    $431,80
Soccer Funds    $184,49
   
Reserves    $1 078,22
Total Funds    $3 321,66
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I had a nice day on the nags yesterday. I went 5/7 for a gain of $21,97. My stakes have now moved up to $8,40.

Mr. Kelly went 1/3 for a loss of $7,31. His betting stake is now based on $131,80.

In soccer, I got drilled for 4 losses.
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Betting Bank Structure

Good bank management is really important. My bank is simple, but effective. Divide your bank into two. One half is kept as a reserve. One half as a betting bank. Your stake is based on a percentage of the betting half-bank, not of the whole bank. When you make profits, put half of it in the reserve bank and half into the staking bank.

This way will ensure that you never go broke and you will always have a solid reserve which you can keep away from Betfair. Another good idea is to invest these reserve funds, compounding your betting profits as you go.You should be making steady withdrawals from Betfair to your reserve.

Although your half-bank will go up and down, your reserve will always be there and should be (hopefully) growing over time.

A further advantage is that if your half-bank gets run right down to practically nothing, you can wait for interest on your invested reserves to provide you with more funds for your half-bank. In theory, you can continue gambling forever this way (although if you blow your half-bank you better look around for another edge!)Even if you are winning, you can add profits from your reserve bank to your half-bank and "pump up" your stakes. Either way, it can help you i fyou are winning or losing.