Image credit: ptboilerroom.com
The last week turned out to be a dream week for FINOO. Mainly because the three winners--Royal Treasure, Ponyta & La Joie De Vie--all paid great dividends. Ponyta paid a handsome 16 to 1 on the Bangalore Tote, indicating that perhaps not only the connections but some of the regular FINOO backers also shied away due to such high odds.
FINOO, as the file uploaded on this blog shows, is now 49 bets old in 14 weeks, with a strike rate of 49% and flat-bet profits of 77.6%. What would be FINOO score if, instead of flat-betting the same amount on all 49 bets, we had resorted to some kind of money management?
My present research about money management involves regularly testing four methods. Let's call them MM1, MM2, MM3 & MM4.
Click here to know what they would have done to your betting pattern if you started with TOTAL bankroll of Rs 1000 only, from which you began risking only 5% on the first bet for MM1 & MM2. You will also be shocked that MM3 & MM4 actually ask you to "lay against" your choices at the odds of 40 paise, but manage your bankroll so brilliantly that they far outperform the first two methods as we progress, and create greater wealth.
But then there is a matter of psychological comfort zone for an individual. Are you comfortable with betting 20% or 26% of your capital on one single bet? If not, they are NOT for you. Who wants to make money and lose health?
But it's not a bad idea at all to study them just for academic pleasure. So go ahead and enjoy.
