Horse Race Betting - Guard Your Betting Bank

If you are serious about making money from horse racing then you need to approach it in a professional manner.
Becoming either a full or part time professional gambler aiming to profit from horse race betting then you should treat as a business.
Just like any other business you are going to need to finance your new venture.
So the first question you need to answer is how much you intend to invest.
In these days of financial uncertainty as the likes of General Motors and Lehman Brothers can testify no business is totally safe.
As a professional punter this is even truer.
For this reason you should never plan to invest more than you can comfortably afford to lose on the venture.
Having decided upon the size of the bank that you are going to need and can afford you need to protect it.
It is also important that you keep your betting bank money completely separate from your other cash and do not start mixing or borrowing from them.
In most businesses the main aim is to make a profit but as a professional gambler your first aim must be to protect that bank.
Certainly you want to make a profit but unless you have the money to wager that is not possible.
To protect your investment you need to know exactly how much money there is in it at any given time.
Just as your bank keeps a statement of your accounts you need to do the same with your betting bank.
The best way to control your bank is to set a percentage figure that you will set as your stake.
Most experts suggest that this should be 1% or 2% of your bank.
This would mean that you could have over 50 or 100 consecutive losing bets before your bank was wiped out.
If this happens to you the n you are probably ion the wrong business anyway.
As your bank grows so would the size of the stake, alternatively should the bank start to drop so would your stake.
If you are laying horses on the Betfair exchange you have to be more cautious because it is not the size of the stake that is import but the liability you incur should the lay be unsuccessful.
One current horse racing system recommends keeping the liability down to 14% of your bank but others consider 5% of the bank a wiser figure.
Don't become greedy, stay disciplined and work for the long term and hopefully you will see that bank grow and prosper.
Good luck.