Money Management

[racer100]

In reading the posts on this board I see that there are not a lot of discussions about good money management which is crucial in successful wagering. Even if you consistently pick your win horse in the first two selections 60% or better, you could end up losing money by not applying good money management. In reading some of the articles posted on the private board, I see that Doc Sartin has had some great ideas like the "Presumptive" Kelly Criterion wagering plan where he dutches the top 2 selections (60% low odd horse and 40% high odd horse) with a custom version of the Kelly Criterion. I find this to be a very successful way to wager, but it takes a while to calculate and you have to keep written records of your bets (ouch!). Can the experts on this board recommend a program that does dutching and recommends the amount to be bet in every race according to a target profit? A program that saves your bets and keeps track if you win or lose after each to slightly increase your size after a loss would be really great. The only one I was able to find that comes close to this concept is by http://www.adpa.com/mm.htm but I really don't know if it is any good. Please post your recommendations and hopefully we all can share some good money management ideas. Really appreciate your help.