The Importance of a Betting Bank
If you are serious about making money in betting then you have to treat it like a business and approach it in a professional manner by bringing discipline to the game.
A Betting bank is one of the most effective steps in that direction. In simpler terms, a betting bank refers to the total number of points or points that you need for betting. If you are wondering what a point is, then let us explain.
A point is the total amount of money that you will use for betting per selection. For instance, if you are planning to bet £1 on each race, your betting point will be equal to £1.
So, if someone says that he is maintaining his betting bank of 100 points, he just means that he has £100 in his betting bank, considering he bets £1 on each selection.
At the same time, if you bet £5 per point, then you will need £500 for a 100 point betting bank.
It is crucial that you can afford to lose the money that you have used to start the betting bank. You have to maintain the highest level of discipline while using your betting bank; for instance, you should never use this money for your living expenses.
What’s the main purpose of a betting bank?
A betting bank is particularly helpful in those periods when there are only a few winners. Secondly, it is related to the psychological level of the bettor. When you are using money that you can comfortably lose without any fear, there will be no pressure on you, and you will be far more relaxed while placing your bets.
If you look at the practical uses, a betting bank helps you to decide how much should you stake on each bet. A betting bank also lets you track and record your success; it tells your overall loss or gain right from the starting point. So, you can clearly see whether you are making profits or you are in loss. In case of profits, you can effectively increase the size of your stake and start making progress even faster.
Adrian & Darren
AD Racing Club