How much do vou need to start?  Where your bankroll is concerned - size matters!

We would suggest a starting active bankroll at least 50 times larger than your average per race wager amounf. This is a minimum - the more the better.

Say you want to start with an average per race wager of $20 - you'd need $1000 in your active bankroll. These are completely liquid funds - immediately accessible. If you are a $50 per race bettor, you'd need $2500.

You should have a back-up bankroll of at least 50% of the active bank.  

$500 and $1250 in the above examples . This money doesn't need to be liquid - but should be readily accessible on short notice.

 

Multiple Bankrolls

 

The above figures are for win betting only. At Horse Racing Gold, we recommend that the serious player follow a "portfolio" approach to money management. That is - separate bankrolls for different kinds of wagers.

If you play the exotics, each type - exactas, trifectas, triples - should have its own bankroll and backup bankroll. Needless to say these should be larger than the win only bank - as the win percentages are lower and the likelihood of a long run of losers is greater.

If you wager to place - you have a place only bankroll. This could be somewhat smaller than your win only bank because you should be collecting on these wagers more often, so the corresponding "risk of ruin" is proportionately smaller.

You do not share and/or rob across bankrolls.

Each is inviolate and is wagered according to its own history and reflects the edge/advantage shown by that history.

Escalation of bet levels is based solely on how the individual portfolio has been performing.

 

 

Here's a Plan for the serious players - starting from scratch . . .
(modify to more closely suit your particular situation)

This bankroll management plan is for those who want to start right away with a smaller amount of start-up capital and build towards a full portfolio.

Start with three bankrolls:

BR "A" = $500 - this is your "active" betting bank of liquid funds.

BR "B'' = $500 - this is your "active reserve" bank which should be readily accessible.

BR "C" = $500 - this is your "reserve" bank - doesn't need to be liquid.

BR "P" = $0 - this is your "profits taken out of play" - your bottom-line profits for your business.

Scenario 1 - "A" drops to $100:  add $300 from "B" / now "A" = $400, "B" = $200, and "C" = $500

Scenario 2 - "A" doubles to $1000: move half the profit to BR "B"  / now "A" = $750, "B" = $750, and "C" = $500

 

Continuing scenarios

Scenario 1 - (continuing from 1 above) "A" drops again to $100: add remainder of "B" and $200 from "C" / now "A" = $500, "B" = $0, and  "C" = $200.

Scenario 2 - (from #2 above) "A" again doubles to $1500: Begin profit taking.  Put 25% of the profit, $187,  in your pocket and add 25% to "B" - result =  "A" = $1125,  "B" = $937, "C" = $500, and "P" = $187.

There could be any number of results, but let's stop and take stock.

When you've doubled for the third time - you know your win betting is solid - you've got a good track record, and you can confidently make projections as to future win bankroll growth. Now you can do one of two things: You can raise your basic win betting level, or you can add one exotics bankroll to your active betting portfolio.

If you prefer to stay with win-only wagering - consider raising your per race bet level. If it's been $20, go to $30 or even $40 etc..  Now, if you've been "stairstepping" your goals as suggested in the "Setting Goals" section - you'll already be where you should be - just continue as you have been doing - steadily increasing the goals as each new one is achieved.

If you want to start betting the exotics, it's time to redistribute your three bankrolls. 

Take bankroll "C" and l/3 of bankroll "B" to start a new exotics bankroll "D" (exacta recommended - not the trifecta, triple or pick six - the run-outs of losers can be very long and require a much larger starting BR). Result: "A'' = $2108, "B'' = $1,093, ''C" = $0, and "D" = $I,467

"B" is now the back-up for both "A" and "D."

Be very careful here - if your new exotics bank runs down, back it up one time only with no more than half of "B." Playing the exotics is a whole new ballgame. Do not jeopardize your successful win betting business chasing the "big scores."

If you succeed - great - you'll be spreading your bet amounts around and taking pressure off win pools on your horses, thereby helping your average win price a bit.  You'll also be increasing your bottom line profits - by as much as double and more!

 

 

All of the above figures are, of course, examples only.  Your own betting and bankroll growth will likely be very different. It's the organization that you want to emulate. STEADY is the keyword.

"Plan your work and work your plan."

 

Click ahead to Seventh Section:

"Expectations and Projections"