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Originally Posted by thaskalos
IMO...the betting unit should fluctuate in accordance with the difficulty of the particular wager. 2% of bankroll is the right amount for win-bets, but the place-bets carry a much lesser risk...and the show-bets, even more so. If we are going to recalculate our bet after every play...then I think that 2% for win, 3% for place, and 4% for show would be a better alternative.
And, when it comes time to include exactas and trifectas in our "portfolio"...then a 2% of bankroll betting unit would be very excessive.
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That's a very good point on the place and show wagers. I am recalculating on a daily basis, but those should still be good percentages. If the bankroll slips down to an uncomfortable level, I still have time to reduce the wagers.
EX and TRI definitely will be a lower percent of bankroll.
Thanks for the input!
Not a great day of wagering today, but the results on unbet races yielded a few new bet opportunities going forward. That I guess is a net long term positive. Hopefully.
