It could be some percentage of bank formula which includes fixed percentages (usually about 5%) or a variable rate depending on the difference between your tissue price and the available odds. This variable method is often applied using the KELLY Criteria, which is a mathematical formula. Maybe this is the formula you have heard about.
Hi, it involves using a thing called ‘The Diabolical Staking Plan’ .. from what I have heard. I read a few reviews and it involves rolling up accumulators on very short priced events .. theres a bloke doing this on the Betfair forum atm. I read that this needs an 80% strike rate to work and you will draw a profit after 4 consequetive winners .. it wouldn’t be too difficult to work out something like that for yourself if you’ve got a mind for it.
Personally, I wouldn’t buy anything like this because you usually end up with something that isn’t worth having !
I have this system/book, someone gave it to me a few years ago. :biggrin:
Dave is right, it revolves around ‘The Diabolical Staking Plan’.
I have never been sure where the mathematical formula bit fits in.
It involves finding as near as possible dead cert selections, then backing them for a place in a series of rolling accumulators. as each leg wins you take out a proportion of your profits so should the acca fail at some point you may have recovered your stake or even made a profit.
It looks good on paper because the author uses odds of 1/1 for the examples and of course the profits pile up, but in reality apparently nailed on selections will be nearer 1/5 or shorter for the place.
Like all systems if you can’t find any winners you won’t make any money so I never really bothered with it, until last year when my interest was rekindled after seeing an advert for it on eBay.
There is a selection method in the book that seems too simple for words but I gave it a go and managed to get ten horses placed and got the acca up. I did not do the rolling up aspect as the record keeping gets a bit complicated and the acca took two weeks to complete. As seven of the ten won I might have been better off backing them for a win. :( <br>