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excellent piece about money management

This is a great blog from a former Aussie colleague of mine who now makes a living punting professionally on Australian harness racing, particularly from his home state of Tasmania. UK punters won't have the slightest idea about that form of racing, but that's irrelevant, read his analysis of bet types and the logic behind how he trades....

Minimising losses and maximising returns

Its easy to preach that punters should never bet more than they can afford to lose or that staking levels should remain consistent to balance out the peaks and troughs but that is easier said than done for a lot of people and I find the easiest way is to minimise losses and maximise returns. Its especially hard to get your head around mentally so I thought I might share a few strategies that assist me in doing this.


Read the whole article, he knows his stuff as being able to make a living purely betting on totes (takeout at least 16%) is a very challenging task.
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