Yes I do drop tipsters if they have persistent losing streaks. But that begs the question was does "persistent" mean.
In general I will tolerate a level of tipster's losses during the month before reducing stakes and protecting the betting bank. Hopefully they recover at least some of the loses...
Your "checking for correlation between tipsters" is absolutely spot on. Its the "balanced portfolio" everyone talks about.
The finding out "*why* a tipster is in a drawdown before you adjust stakes" is something I've never really paid much attention to. Maybe I should?
I try to take as much...
I follow sports tipsters and I've done a fair bit of thinking and research around this. In case it helps, here's my approach.
MONTHLY:
At the start of every month I calculate stake sizes.
My start point is risking 10% of my available betting bank each day.
I divide that amount equally across...
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