A couple of readers have asked my advise on the amount of risk they should undertake.
My opinion is that it depends on risk-type of punter you are. Before i tell you which are the most common risk-type punters, you should be aware that when you bet on a selection, you undertake a certain amount of risk. There is no risk-free bet (not talking about trading or arbitrage).
The first type is the risk-averse punter. This type of punter hates risks. He prefers to bet on low odds events and usually makes average to large bets in order to have a good return.
The second type is the risk-neutral punter. This type of punter doesn't have a certain attitude towards risk. He can bet on both low and high odds selections and doesn't consider risk as his major decision factor. He always try to compare the price of his selection with his point of view about the outcome of the event.
The third type is the risk-lover punter. This type of punter usually makes small bets on high odds selections. He prefers to diversify his bank into small bets with high R.O.I. .
Personally i am a risk-neutral with a touch of risk-lover punter. I don't bet on low odds selections because in my opinion they contain a bigger possibility of losing the bet than its price shows.
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3 comments:
Nice content.
I like blogs without affiliates because they are honest and don't try to cheat you
Very informative views
hi...can you tell us more about trading...bettrading..
thanks a lot..
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