Hi guys - new to racecafe and want to take punting more seriously.
Was wondering if anyone can advise of a good/proven betting model to use. Specifically, I want to have structure around how much I'm betting based on percieved value and I want to manage my balance.
I was thinking of starting with a set balance of $5,000, with each individual bet capped at for example 2% of my total balance ($100 to begin with), if balance increased to $10,000 this 2% figure would become $200 and vice versa if the balance reduced.
Where I come unstuck is what these percentages should be to ensure I never go bust, and also how to increase/decrease the amound waged based on risk/value/confidence.
Any suggestions greatly appreciated