What Staking Plan ??

[MrE]

Hi Nick… I didn’t really rubbish your method, I just said that I preferred it with some modifications…. :)   I use that method on the odd ocassion and can’t fault it basically, its just that it didn’t suit me in the format that you presented. I cannot see the logic in reducing stakes after losses when the sole intention of betting is to make a profit. I agree with you in principal though, that if you cant make a profit at levels then the system needs a re think, the staking plans are to enhance profits, they cant turn a crap system into something good…..<br>As for my own system Nick, you said "what happens when my system hits a serious losing run"…. bugger me, I’ve just had a losing run of 16, aint that serious enough for ya…. hehehe… it frightened the crap outa me…. I survived it and came out the other side OK, and the important thing was that I never dropped into a deficit, so my staking plan is working as it was intended. I would point out that I haven’t yet put the staking plan on the board, but its a good ‘un and its meant to protect your bank as best it can….. all this is complete poppycock if your selection process is crap though but if your happy with your selections, then work hard to find a staking plan that suits your system and go for it….. but make damn sure your bank is protected……<br>:biggrin: :biggrin:

MrE

[Nick Hatton]

Mr E

Now I understand where you’re coming from …. trying to ‘enhance’ profits hey ! ;)

Surely the ultimate way to bet is to do your own tissue, compare this with the prices available and stake according to the value on offer ?  Something along the lines of 1/4 kelly maybe if you’re trying to protect the bank ?

The only problem with this is putting an accurate price on each selection ! :biggrin:

[MrE]

Nick, I am the worst there is at trying to price up a race myself, I really do make a total prat of myself, so I leave that to those that are better at it. I can study form, time and sort out and modify systems so that they suit me, I can work on staking plans until they’re coming out of my ears, but ask me why I price an horse up at 20’s and everybody else has it at 9/4….. hahaha….. I cant tell ya, I just assume I’m crap…..<br>:biggrin:

MrE

[Nick Hatton]

Here’s a link which may be helpful.

http://www.professionalgambler.com/debunking.html

Well worth a read IMO and seems to put forward a strong mathematical case in favour of level stakes.

[MrE]

Nick, I’ll also try to answer this when I get back on my own computer later in the week, but believe me mate, levels is not the best way. You can use a very low pecentage of your bank to afford some protection if that makes you feel comfortable, but you must be free to vary your stakes according to the strength of the bet…. and you MUST compound……. more later….

MrE

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