We have a mix of experienced and what I can say “Beginner Betters” who see the excitement of winning.
As many will know, The temptation to see a big winning betslip and want part of it can often get the better of us. We need to step back and think about our circumstances and how much we can afford to lose.
At peterstoptips, our aim is two-fold, One. Let’s enjoy racing. Two, let’s give ourselves the best chance of making money. So first let’s look at how points work.
Let’s look at a typical days list on Peterstopstips main page.
1.35 New – Room At The Top 0.75 points e/w 18/1
1.40 Fairy – Tens or Better 2 points win 11/4
1.50 Kem – Bags Groove 3 points win 15/8
3.40 Chep – Samburu Shujaa 2 points win 7/2
4.15 Chep – Overtown Express 1.5 points e/w 11/2
4.45 Kemp – Sleight of Hand 0.75 points e/w 10/1
4.50 Chep – Modeligo 0.75 points e/w 16/1
You will see that we put a points stake next to each bet. The idea here is so that all followers can adjust their stake to an amount that helps them join all bets posted.
Let’s use £1 a point as a starting level. If you were to follow all of our tips at this level on the day listed below, you would lay out 14.5 points. This should equate to £14.50 for the day, if this is within your acceptable range of betting then its a good starting point.
I often say you should think the worst case scenario and see if you would be ok with losing £14.50 on a set of picks posted and answer that question first.
What size Bank should I hold?
For the points outlay that we at peterstoptips can have, I think a safe bank size is about 200 points ( although looking at our results 100 points should also be fine).
Some days we are about 20-30 points out and although it’s usually a great day racing to enjoy and follow we have to remember we will have bad days.
Holding a 200 point bank should compensate for this and keep the emotions out of betting. Now, let’s go back and combine the 2.
Bank Size – 200 points
Cash Pot – £100
We advise you should be betting at 50p a point.
I know for many that would not be fun, but it would keep those negative emotions out of betting, and if you think about the long game, you will see that some months we have a profit of 100+ points. that’s still £50 on such a small stake.
What we often see is a bit of greed, and lack of discipline creep in, and people will try multiple bets ( bookies love this) or that “Fancy” one over the other and go £10 win. THIS IS WHERE 90% OF PUNTERS LOSE
We are all here to try and make money and enjoy the sport.
So how do I build pots? I would advise you to look at two approaches.
Take out profit each month and get back to a 200point bank.
If we hit 50 points profit a month, Take the money out, Pay a bill and enjoy your benefit. You would have worked hard for it, so you have a right to enjoy.
A way to build wealth and this is what we do at peterstoptips, At the end of the month, look at your new bank size and divide it by 200 to get a new stake size.
£100 as we previously stated = 50p a point.
If we look Januarys results, you will see we made 70points.
70 points would equal £35
New Bank Total = £135
Point size for Feb = £135 / 200 = 67.5p per point.
You will soon see your pot grow very safe to allow for bad days without big emotion and if you repeat this throughout the year, you will see your point stake increase.