Quote:
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Originally Posted by ryesteve
If you're betting .005 of your bankroll, and you go broke in a month, you're obviously barking up the wrong tree, so discussions of bankroll sizing are irrelevant.
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Maybe my math is wrong.
One half of one percent or 1/200 of your bankroll, 50K, is $250. Betting 20 races a day would mean you stand to lose a maximum of 5k or 10% of your roll in a single day. Under those conditions, is it so hard to go broke in short order, especially if you bet gimmicks with a low hit percentage?
Am I miscalculating, here?
