October 30, 2006 at 08:08 #366
<span style=”font-size: 13px;”>Hi there
recently I was chatting with a friend.</span>
I will try to explain points to you. The following is only my opinion, based on years of experience.
You decide on an amount of money you can use to bet with. Say Ãƒâ€šÃ‚Â£500. You keep this and any winnings separate, this is your BANK. Then you divide the BANK by, say, 50. Giving you Ãƒâ€šÃ‚Â£10 times 50, therefore Ãƒâ€šÃ‚Â£10 represents 1pt. When a bet is selected you can give it a strength, ranging from 1pt to 5pts.
When we get very used to the taste of winning. The next stage will be to vary the value that represents 1pt.
(1pt will equal 2% of the BANK)
If the BANK has grown to Ãƒâ€šÃ‚Â£550, then 1pt = Ãƒâ€šÃ‚Â£11. In this way we "build success upon success", as I say. We will drive the level of the stake up.
Hope that makes sense, if not pick it apart and ask more questions.
<span style=”font-size: 13px;”>Has anyone got anything to say on this subject.
(Edited by carlisle at 8:38 am on Feb. 11, 2007)October 30, 2006 at 08:57 #29698seabirdParticipant
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Seems a sensible approach to me, of course you could take the profit out and spend it on something and retain the original bank and stake.
That way you may even convince your partner in life that there is some worth in following, and betting on, horseraces.
ColinOctober 30, 2006 at 10:55 #29699PurwellParticipant
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I think you will find most successful punters use a betting bank. Some will put more money on the higher prices than the short ones, some vice versa. Personally I prefer level stakes at 4% of the bankOctober 30, 2006 at 12:45 #29700
The %age of bank staked should be directly related to the size of one’s balls, if you choose this approach.
I personally think it’s a bit old hat and prefer more modern methods as proscribed by Markov.October 30, 2006 at 13:29 #29701cormack15Keymaster
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The trouble, Dave, was basing the size of the stake on the size of one’s balls is that us males often have exagerrated views of our own, er, ‘size’ which can, consequently, then get us into trouble, this being avoidable had we based our calculations on something a little less emotionally involved!October 30, 2006 at 15:20 #29702
It’s true Corm .. the horrible truth, we are never as brave as we like to think we are.October 30, 2006 at 15:48 #29703slipperytoadMember
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Quote: from dave jay on 3:20 pm on Oct. 30, 2006[br]It’s true Corm .. the horrible truth, we are never as brave as we like to think we are.
Correct! Thats why I’m implementing the exact same staking plan as suggested by Carlise’s mate this winter
Its all about pain threshold :o and mine is steadily increasing in line with my confidence but not enough to put it "all on 13 black and let it ride".
Nerves of steel … me .. not. .. Ãƒâ€šÃ‚Â :biggrin:October 30, 2006 at 16:57 #29704FlatSeasonLoverMember
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Purwell surely some bets are stronger than others? If there is a 10/1 you have a sneaky liking for and a 6/4 shot you are convinced cannot lose would you just put 1pt on them both?October 30, 2006 at 17:15 #29705
I tend to agree. Ãƒâ€šÃ‚Â Also if an outstanding bet comes along.<br>"oh, there’s Halley’s comet……"
You must have 5pt max bet on it.
1pt to 5pt staking range, means you have every chance of minimising losses and maximising gains.
Although, none of this is possible unless your selection method is good. Ãƒâ€šÃ‚Â If it’s just gambling, then things can get very messy.
byefrom<br>carlisle<br>October 30, 2006 at 18:58 #29706AnonymousInactive
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Quote: FSL said;<br>Purwell surely some bets are stronger than others? If there is a 10/1 you have a sneaky liking for and a 6/4 shot you are convinced cannot lose would you just put 1pt on them both?
Carlisle said;<br>1pt to 5pt staking range, means you have every chance of minimising losses and maximising gains. <br>
In either case, what is the point of the smaller bets, is it just the urge to gamble?October 30, 2006 at 19:17 #29707wanaMember
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Surely its all relative,a large bet to one person may be a small bet to another..<br>Personally I don’t understand people that play minimum Ãƒâ€šÃ‚Â£2 stake on betfair,and personally see that is more of a compulsive bettor.<br>If your gonna bet,bet decent,but decent to me may be small to others..<br>I know a man that insists the only way to bet is to go bigger on your better price selections,and I understand the methodology in this,as when you eventually hit that big price winner it is happy days.<br>Personally I play level stakes,and find this works quite well,but I have found in the past having a betting bank lethal(for me anyway),because if the money was there I would bet(for the sake of it),luckily I had success doing this,but soon realised I could end up on s**t
street,so I went back to betting from funds from my current account,I find this much better,and play when I’ve got plenty of money,and take a watching brief when funds are that bit tighter.<br>I know it’s not to everyone taste,but it works for me and my records from 8years of betting show I’m in a very healthy profit.October 30, 2006 at 19:56 #29708
I would add that although not ideal, the rolling 50pt bank is as close to level stakes to be the safest, of all point staking.
There are better methods out there though, it’s just a matter of getting a degree in advanced statistics and then applying it .. I have the forms in front of me.
FSL is on the right road IMO.October 30, 2006 at 21:13 #29709insomniacParticipant
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Just a thought. Why not bet to RETURN a set amount?<br>E.G. if figure you set to win per bet is Ãƒâ€šÃ‚Â£100. Have Ãƒâ€šÃ‚Â£100 on even money shots and Ãƒâ€šÃ‚Â£10 on 10/1 shots.<br>Used to use this method for some years on football – in the days before Betfair when minimum trebles required. The trouble is, when you have a few wins you always suspect you could have won more if you’d not set a staking plan restriction.
(Edited by insomniac at 9:31 pm on Oct. 30, 2006)October 30, 2006 at 23:01 #29710
That’s the spirit insomniac .. a bit more realistic than having a point on a 33/1 shot and then another point on a 2/1 shot which doesn’t seem right, when you think about it.<br>October 30, 2006 at 23:09 #29711
it is a valid thought, and a number of people use this staking method. Ãƒâ€šÃ‚Â But I cannot see any advantage in it.
Surely it’s better to judge each bet on it’s on merits.<br>Search for value, then place a greater or lesser significance on your investment.
Form analysis, key trends and other information can be brought to bear.
In this way an overall strategy can be created.
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