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Money Management...Any Ideas?
I've been a member for about a month now; and after many hours of trial and error, I feel like I'm on the right track.
I have a paceline selection method, and a contender selection method that are working very well. I also have the wagering decisions taken care of.
The final piece of the process is a betting plan. I did listen to the audio explaining one particular plan; but that was when the focus was more on selecting winners. The plan in the audio calls for betting 10% of your bankroll per race. I have to believe, in the "wagercapping" era, that is way too bold.
I was thinking of betting 5% of bankroll split 50/50 on 2 horses. At the end of the week, I will check my bankroll balance; and adjust my bet size according to that.
I'm sure there are better ways to handle the money management issue; and I am curious to find out what some of you are doing.
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