Lay systems that win big > lose BIG!
May 6, 2010 by Jonathan
Filed under Essential Reading, Horse Racing
Risk verses reward principles really do apply. Unfortunately many punters lose their betting bank because they are greedy and don’t understand the overall dynamics of good money management. Punters without proper money management in place tend to vary their stakes, ramping them up the moment they get a few winners (or, even worse after, a few losing lays).
Remember Bookies lay favourites for a living. Although these animals win more often, the damage is far less than when laying outsiders. Ultimately losses are so much easier to deal with. And there are no wild swings in your P&L.
Pro Tip from the race specialist
Losing sequences are an inevitable part of all betting. When either backing or laying accepting this fact is part of being successful.
Most punters have experienced losing sequences when laying at much bigger odds. This usually has a lasting psychological effect, and they don’t easily forget how emotionally painful it can be to lose 5, 6 or even 7 times their stake money in one bet.
What’s even harder to deal with is the fact that the last 5, 6, 7 successful lay bets have been wiped out by just one winner at the wrong odds.
The advantage of laying at much lower odds is you will be able to deal with any losses much more easily. This is obviously better from an emotional and confidence point of view. And not forgetting, of course, your betting bank will take less of a battering!
Keep in mind – big priced winning lays = BIG EMOTIONAL HIGHS AND LOWS, ultimately destroying confidence and the will to continue betting.
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Copyright secured by Digiprove 2010 Jonathan Burgess
