As you all know we are but 3 weeks from the greatest show on turf where there will be at least 200,000 race goers over the four days, with a staggering amount wagered, not just from the course but the industry as a whole. It is estimated that half a billion pounds will be staked on the outcome of just 27 races. Couple that with around 20,000 bottles of champagne, 30,000 bottles of wine, 240,000 bottles of beer and around 200,000 pints of the black stuff.
The above isn’t just confined to us drinkers either, the teetotalers drink around 10,000 gallons of tea and coffee and another 12,000 people slum it in the restaurants for eats. (why you would ruin a good pint of the black stuff by eating is beyond me!), so it might be an understatement to say that the Cheltenham Festival is a big deal.
Anyway if you have any dough left over from that load of palaver then you might consider your bank roll for the festival.
As you all know that when we bet during our day to day activity, we set ourselves a bank roll with a staking plan all geared up to make us long term profit which will hopefully not affect our bank roll too much, but these bank rolls are geared up to handle the expected losing runs and what not’s and are designed for the said purpose.
What they are not designed for is adding the stresses of festival betting.
So we need to be having a separate bank for festival betting only.
Why may that be?
Well when we come to major festival events we expect the best horses to be contesting the races at these events, so we end up with very good horses all battling each other for the very big prizes, we almost always have very big fields to contend with and you tend to find that conditions are almost always conducive to that particular festival. And this is one of the main reasons we have a separate bank roll.
Because festivals only last a few day on average we are definitely not interested in finding value in the markets, we are looking for winning bets, whether that is looking for outright win bets to playing the percentages if the the price isn’t right, to various other ways of betting the markets, but everything being geared up to making maximum profit in the very short term.
So how do we manage our bank roll for festivals? Well personally I have a fixed amount of money for the entire festival and all I do from there is divide that amount against the amount of races over the period.
• £500 festival bank
• 25 races
• 500/25 = £20
So we now have £20 to wager on every race over the festival, of course you may not want to bet on every race and just stick to the major races so all you do is divide your bank roll against the amount of races you will wager on, but you have to stick to it once set.
Now we have our bankroll set and our amount we have to wager on each race there is no hard and fast rule on how to bet these races only the fact that we are looking to make as much profit as possible from each.
The bookies make multi millions of pounds from festivals alone and it’s good to try and milk them for as much as we can, but also they are meant to be fun as well as profitable, so I always make sure that the bankroll set is an amount I’m willing to give up if it all goes pear-shaped.
Oh and it’s an even money bet that the one in purple falls at the first!!
All the Best