How many units in a Betting Bank?
Simply a betting bank is the total number of units(i.e. £1) you have for betting. A unit is the amount of money you are betting per race\horse again for example £1 per bet. I generally like to keep a betting bank of around 30 units, if my unit of betting was £1 that would require a bank of £30, if my unit is £10 that requires at least £300 and if betting £100 per horse that would need £3,000. It is important that the money you start your betting bank with is money you can afford to lose. You must never use money that is required for your living costs. A betting bank helps you ride those periods where winners are few and far between. And secondly if your using money that you can afford to lose you are far more relaxed and confident in your selections, that is not too relaxed that you take unnecessary risks but relaxed in that you accept you will have losers, in fact most probably more losers than winners. Learning how to accept and deal with losing streaks is as important as finding winners.
If your stake is £1 per horse how do you reach the point at which you can bet £100 per horse without having to place £3,000 in your account or wait until you have accumulated 3,000 winning points. This is where the incremental betting bank comes in to force. Your winners and losers will be added and subtracted from your bank total, each time a significant point is reached in the total (using the assumption you are in profit). You divide your betting bank by the number of units you are using and that becomes your new unit per horse. For example. If starting with a bank of £30 with £1 per horse at the point the bank reaches £45 dividing the total by 30 gives a new unit of £1.50. Once the bank attains £60 then dividing by 30 gives £2 per selection. This continues until you reach the point at which you would wish to bet per unit, say £100 per bet. Then whenever your bank accumulates more than £3,000 you siphon that off as winnings and keep your bank at a steady amount. This whole process may seem daunting but to double your bank from £30 to £60 in order to double your bet is no more difficult than doubling from £1,500 to £3,000 in order to bet from £50 to £100.