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Money management and wagering is an important part of being a successful handicapper. However I don't know how one can put a specific % to it because if you don't have the correct horses its all for naught, game over and on to the next race.
The methodology has addressed this with the two horse bet and created an odds line. The Doc was addressing this as things evolved. Had he remained with us, who can say what else may have came about. He also discussed betting overlays, hiding horses etc.
The Bottom Line betting odds next to the BL Score is a tremendous tool for the handicapper to use. Of course if you put in a bad horse or non- contender than it will provide false readings. Another reason why contender selection is so important to master.
Theory verses experience are entirely two different things. Take a welder with 10 years experience verses someone that read a book on welding, well the book reader is going to lose to the experienced welder. Experience trumps theory. This is also similar to a college grad such as a West Pointer who upon entering the Army thinks he know more that some NCO's that have years of experience or a new cop verses one that's been one for years.
Betting and money management are critical to success however if you don't have the correct horses forget about it. Record keeping will help give a player the experience to evolve in both disciplines.
Mitch44
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