Now we tackle the thorny question of how much is this all going to cost?
As we pointed out in the How it Works section, we tend to be pretty cautious in our approach and at the core of this is the cost.

We had to draw a line somewhere and decide on what size the betting bank should be. The betting bank is what it sounds like, the pot of money to be used for betting.
As we use £20 bets (£10 for the win and £10 for the place), we decided that starting out with a betting bank of £100 would be a reasonable amount.
This may sound like cutting things a bit fine but we would rather reduce our stakes than increase the betting bank over the £100.

Taking a negative view and assuming that we have a bad run, we will not add to the betting bank but reduce the size of the stakes down to the minimum of £2 if the worst comes to the worst.
It is important to be firm and not gloss over poor performance. Pretending losses haven’t been felt and topping up the betting bank in the hope that it was just a bad day is a recipe for disaster.

Taking the positive view and assuming that we have managed to maintain the normal level of performance, we will be faced with a number of choices as the betting bank grows.
When the level reaches £200 what was paid in there is a temptation to either take out the original outlay or to increase the stake level.
Our view is to do neither but to carry on until the betting bank reaches £300. You can take out £50 and carry on until £300 is reached again and take out another £50.
You will then be in for nothing and can carry on as before.

Remembering that bad days can come and dent the betting bank, it pays to have that safety cushion built in.

So to sum up:

• We start off with a £100 betting bank, or what is actually affordable.
• Use maximum £20 bets and be prepared to scale this back if things go wrong.
• Don’t hide from losses and gloss over by topping up after a loss.
• Set a limit on how big the bank will be before profits are skimmed.
• Take a long-term view.
• Don’t panic after a bad session.