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Max Redd's Articles in Money management

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  • Sensible Money Management ~ Part 1
    I recently re-mortgaged our house, sold all my shares, emptied the savings account, drained the kids’ Trust Fund…. and put it all on the favourite in the 2:30 at Newmarket.

    Of course I didn’t! That would have been complete madness, and dicing with financial suicide. Putting absolutely everything you have on one horse is an example of bad money management – albeit an extreme example, but it got your attention didn’t it?
  • Sensible Money Management ~ part two
    In a previous article I jokingly suggested I had put all my assets – my savings, the deeds to the farm, my kids’ Trust fund, and the proceeds from selling one of my kidneys – on a horse at Newbury. I showed this was potentially financial suicide, and an extreme example of bad money management.
  • Sensible Money Management ~ part 3
    This is the third instalment in a series of articles on profitable betting through sensible money management. So far, I have discussed the importance of getting value when you bet, to maximise the returns you achieve when your selections win. In the most recent article you should have learned to keep your stakes in proportion to the size of your betting bank.
  • Sensible Money Management ~ part 4
    If you want to make ‘serious’ money from betting on horse racing, then you have to take the whole business of betting seriously. Treat betting as a mere ‘distraction’ and your entertainment will almost certainly come at a cost.
  • Sensible Money Management ~ part 5
    Everyone knows that gambling is a business of risk. Professional gamblers will successfully manage their risks and make a profit, whilst 98% of punters who consistently lose money, also consistently fail to manage risk effectively.
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