THERE'S been a lot of talk on the site about betting banks and loads of questions about how my points system works.
For me the best way to control your gambling is to start with a betting bank that consists of money you CAN afford to lose.
The amount can be any. For me it's £1,000 but £500, £250 or even £100 is perfectly acceptable. The smaller the bank the longer it will take to build winnings.
Betting banks should be divided into 100 points so for me 1pt is worth £10 and for someone who starts with £250 it's £2.50.
As a rule I don't risk more than 10 per cent of my betting bank in one day. This means I'd have to lose every bet over a period of 100 days to lose my money and it's never happened.
The maximum stake of any of my bets (unless I've had a winner earlier in the day) is 10pts. A bet of 10pts would represent maximum confidence.
My Super Singles probably average 2pts and most accumulators have a 1pt rating. Some people like to make every wager 1pt and that gives them 100 bets at least and if you're looking at long-term gain it's a good tactic.
As I said all of my points equal £10 no matter the size of the bank – others will make 1pt equivalent to 1 per cent and there's nothing wrong with that.
Any time I reach £1,200 I withdraw £200 but you can of course let it add up and also increase the value of a point.
Betting banks and sticking to rules allows to you deposit rarely and never to chase losses. It also lets you see exactly how much you're staking, how much you're winning and maybe even more importantly how much you're losing.
I'd be interested to hear of any other tactics people use regarding betting banks – especially if they use several betting accounts that can make it difficult to manage.
In my opinion every serious punter must use a betting bank.