Betting Bank

jamiedavies02 · 30th May 2012, 10:02 AM

Next season i am looking to play in the outright markets and longer term markets more, what would people suggest is good % of my bank to reserve for this? Or, if a seperate bank would be advisable, how would it compare in size to my main day-to-day trading bank?

Cran · 30th May 2012, 10:51 AM

Based on the comprehensive and detailed information that you have given, I have done some analysis and measured various bits of string and can confidently suggest that you use 36.4% of your bank (unless it rains between 8am and 12pm in which case you should use 43.2%).

Hope that helps.

shadowninja · 30th May 2012, 11:05 AM

Doesn't it depend on whether you want to just focus on that style of trading or not? Presumably, you've done some testing with small stakes? If not, then risk £5 max, splitting things into 50p chunks of risk!

chuck536 · 30th May 2012, 08:06 PM

Just use it all

custard · 30th May 2012, 08:56 PM

I took a significant sum out of my bank last week as I have no proper football to trade. I left myself a few quid as I am very superstitious and don't want to see zero as the total. I was going to add funds to my bank just in time for the Euro football games.

I looked at my bank tonight and saw it was £ 22.09. My "trading brain" exploded into action and it was obvious what I should do to alleviate the boredom. Yes, I did a £1 each way Yankee on the last four races at Beverley and I would still have money left in my bank, albeit a rather small amount. Two winners and a third , and now I have £ 53.76.

I intend increasing this bank by any means possible in order to buy my little dog Snowy a diamond studded collar which will be presented to him at exactly the same time as the winning captain takes possession of the Euro trophy.

Watch this space.

Temujin · 31st May 2012, 02:26 AM

I think the main point people here are trying to get across, is wtf.....

My take:
If you are a profitable trader, you don't need a seperate bank. Use your bank to trade now, then use it to trade later.

jamiedavies02 · 31st May 2012, 11:08 AM

I'll put it another way, what % of your start bank are you prepared to have tied up for upto a whole season?

lcredd · 31st May 2012, 12:11 PM

Personally I wouldn't have any money tied up for a season, only because the bigger my bank the more positions I can take at a certain time, as well as having the funds to take advantage of bonuses and arbs.

It depends on how big your bank is, what you need your bank for, and whether you're profitable. If you've never traded outright markets then maybe you could paper trade, or use 2% of your bank at first. If you find trading long-term markets is more profitable for you than short-term markets you should use 100% of your bank.

custard · 31st May 2012, 12:25 PM

Quote:

Originally Posted by jamiedavies02

I'll put it another way, what % of your start bank are you prepared to have tied up for upto a whole season?

Zero. What is the attraction of giving your money to Betfair for them to hold for an extended period ?

Rocket to the FACE · 31st May 2012, 05:26 PM

If the bet has a massive positive expectancy then bet what you normally bet at least.

If it doesn't, and you can turnover many times more from your day to day trading, then do that.

doubleback · 4th June 2012, 03:47 PM

Six inches is about average ...

30th May 2012, 10:02 AM	#1
jamiedavies02 Veteran Join Date: Jul 2010 Location: Wigan Posts: 247 Thanks: 37 Thanked 49 Times in 41 Posts	Betting Bank Next season i am looking to play in the outright markets and longer term markets more, what would people suggest is good % of my bank to reserve for this? Or, if a seperate bank would be advisable, how would it compare in size to my main day-to-day trading bank?

30th May 2012, 10:51 AM	#2
Cran Director of Public Records Join Date: Oct 2009 Location: Basel, CH Posts: 2,903 Thanks: 6,888 Thanked 3,058 Times in 1,262 Posts	Based on the comprehensive and detailed information that you have given, I have done some analysis and measured various bits of string and can confidently suggest that you use 36.4% of your bank (unless it rains between 8am and 12pm in which case you should use 43.2%). Hope that helps. __________________ 01001110 01100101 01111000 01110100 00100000 00110001 00110000 00110000 00110000 00100000 01110100 01110010 01100001 01100100 01100101 01110011 00100001

30th May 2012, 08:06 PM	#4
chuck536 Forum Guru Join Date: May 2010 Posts: 939 Thanks: 448 Thanked 578 Times in 307 Posts	Just use it all __________________ Edges are ten-a-penny, execution is everything My Blog - Recently restarted!!

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30th May 2012, 11:05 AM	#3
shadowninja Forum Guru Join Date: Aug 2010 Location: London, England Posts: 1,919 Thanks: 903 Thanked 1,088 Times in 598 Posts	Doesn't it depend on whether you want to just focus on that style of trading or not? Presumably, you've done some testing with small stakes? If not, then risk £5 max, splitting things into 50p chunks of risk!

30th May 2012, 08:56 PM	#5
custard Forum Guru Join Date: Apr 2011 Posts: 2,025 Thanks: 528 Thanked 1,866 Times in 883 Posts	I took a significant sum out of my bank last week as I have no proper football to trade. I left myself a few quid as I am very superstitious and don't want to see zero as the total. I was going to add funds to my bank just in time for the Euro football games. I looked at my bank tonight and saw it was £ 22.09. My "trading brain" exploded into action and it was obvious what I should do to alleviate the boredom. Yes, I did a £1 each way Yankee on the last four races at Beverley and I would still have money left in my bank, albeit a rather small amount. Two winners and a third , and now I have £ 53.76. I intend increasing this bank by any means possible in order to buy my little dog Snowy a diamond studded collar which will be presented to him at exactly the same time as the winning captain takes possession of the Euro trophy. Watch this space.

31st May 2012, 02:26 AM	#6
Temujin Australian Cultural Attaché Join Date: Sep 2009 Posts: 1,530 Thanks: 493 Thanked 1,014 Times in 494 Posts	I think the main point people here are trying to get across, is wtf..... My take: If you are a profitable trader, you don't need a seperate bank. Use your bank to trade now, then use it to trade later.

31st May 2012, 11:08 AM	#7
jamiedavies02 Veteran Join Date: Jul 2010 Location: Wigan Posts: 247 Thanks: 37 Thanked 49 Times in 41 Posts	I'll put it another way, what % of your start bank are you prepared to have tied up for upto a whole season?

31st May 2012, 12:11 PM	#8
lcredd Forum Guru Join Date: Dec 2010 Location: exeter - uk Posts: 702 Thanks: 1,716 Thanked 629 Times in 322 Posts	Personally I wouldn't have any money tied up for a season, only because the bigger my bank the more positions I can take at a certain time, as well as having the funds to take advantage of bonuses and arbs. It depends on how big your bank is, what you need your bank for, and whether you're profitable. If you've never traded outright markets then maybe you could paper trade, or use 2% of your bank at first. If you find trading long-term markets is more profitable for you than short-term markets you should use 100% of your bank.

31st May 2012, 05:26 PM	#10
Rocket to the FACE Forum Addict Join Date: Mar 2010 Posts: 287 Thanks: 26 Thanked 87 Times in 52 Posts	If the bet has a massive positive expectancy then bet what you normally bet at least. If it doesn't, and you can turnover many times more from your day to day trading, then do that.

4th June 2012, 03:47 PM	#11
doubleback Forum Guru Join Date: Oct 2009 Posts: 2,598 Thanks: 2,757 Thanked 3,796 Times in 1,610 Posts	Six inches is about average ...