"7 Proven Bankroll Tips for Making a Long Term Profit"
In order to make a long term profit in this game, the horseplayer absolutely must follow a money/bankroll management plan. Even if he or she did everything else perfect, without money management profit is not possible.
#1) Bankroll is money set aside just for wagering, not the
car payment money, etc. It doesn't matter how large or light your
bankroll is because we are working with percentages here.
#2) No more than 4% of a bankroll (very best plays) is to be bet on any one race.
You will want to wager 1%-2% (total per race) of your bankroll
for regular plays and 3%-4% for the very best plays.
Bet 1% or less on races to just
have "action" if needed or wanted.
Whether you play win bets, exactas, trifectas, pick 3's or whatever, the bet
amounts are still 4% total max per race on best plays, 1% or less just for "action" and
1%-2% on regular plays (most of your plays).
#3) You should keep a separate bankroll for exotics
and win bets. If your total bankroll is $1,000 then split it up to $500
for win bets only and $500 for exotic bets only OR $600/$400, etc, etc.
#4) Keep a notebook to take notes on various observations and to log
your wagers. Being a student of the game will enable you to become a
profitable horseplayer over time.
Keep records of all your bets in your notebook!. This is very important because
you will want to keep track of what you have success with and what you don't.
#5) Finding and wagering on overlays is the key to
long term profit. Our reports will uncover the overlays for you. You will need
to put in a small effort.
Obviously there won't be solid overlays in
every race. We've already done the handicapping for you. All you have to concentrate on is
learning to wager correctly.
#6) If you have a bankroll of $200-$500 (or less) stay away from trifectas,
superfectas and pick 6's!!. Medium bankroll players should limit play to
win bets, exactas and daily doubles (all of the basics) until your bankroll grows
larger. Even then sticking with the basics is not a bad idea.
If you have a bankroll of up to $199 stick to win bets only in the $2 to $4 range (and not every race).
If your bankroll is less than $50, you are a $2 to win per race (and not every race)
bettor. Don't try to be anything else.
#7) Spend more time on how you place your bets. We've already done the
hard and time consuming part for you. If you spent the time you used to handicap the
races on how to structure your wager each race you would make more money instantly!
All of these suggestions are made assuming you want to try to make some
long term profit. If you don't care about profit and just want an exciting time
then you must adjust your expectations. If you want to stay in the game then
follow a money management plan.
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