STAKING

[aussieincanada]

What is the best staking plan if your average winner (betting place only) is $1.50..My strike rate is excellent

Any suggestions?

[La Mer]

What is the best staking plan if your average winner (betting place only) is $1.50..My strike rate is excellent Any suggestions?

IF and only IF, the selections are showing a level stakes profit AND the strike-rate is better than 50% (preferably 60%+) then for place betting the best that I've found & have used is Oscar's Grind.

What's your longest losing run?

[Stix]

What is the best staking plan if your average winner (betting place only) is $1.50..My strike rate is excellent

Any suggestions?You might want to clarify "excellent".... however.....

A friend of mine also has an "excellent" strike rate (43%) and employs a rolling staking plan where he rolls a percentage of his winnings from the previous winner on to the next bet and continues to do so until there is a non-result i.e non-winner/non-placed, depending on how you bet, in your case no place getter.

So if you had 3 winners in a row you'd have your normal stake e.g 1% of bank and then you would have (for agument's sake):

25% of the profit from the winner 3 starts back, plus
25% of the profit from the winner 2 starts back, plus
25% of the profit from the winner 1 starts back, plus
It's a plan.... I'm not gunna say that I agree or disagree with it..... because I don't feel like being today's punching bag..... so, you might like to see if this approach would improve you return over the history that you have.

Best of Luck

[KennyVictor]

It's a plan.... I'm not gunna say that I agree or disagree with it..... because I don't feel like being today's punching bag.....
That sort of sit on the fence attitude just makes me want to hit something!!!!

[aussieincanada]

IF and only IF, the selections are showing a level stakes profit AND the strike-rate is better than 50% (preferably 60%+) then for place betting the best that I've found & have used is Oscar's Grind.

What's your longest losing run?

I have a strike rate of 62.5% and my longest losing run..(unplaced horse is 4)

[Stix]

That sort of sit on the fence attitude just makes me want to hit something!!!!
r-i-i-i-i-i-i-i-i-i-g-h-t.................. and so it begins..... :D

[Stix]

IF and only IF, the selections are showing a level stakes profit AND the strike-rate is better than 50% (preferably 60%+) then for place betting the best that I've found & have used is Oscar's Grind.

What's your longest losing run?La Mer

Oscar's Grind :confused: - Could you give an example of this? (Please)

Thanks In Advance

[aussieincanada]

La Mer

Oscar's Grind :confused: - Could you give an example of this? (Please)

Thanks In Advance
My two bets for today are

Echuca 3 7
Echuca 6 9

This posted 7 minutes before race 3

[aussieincanada]

You might want to clarify "excellent".... however.....

A friend of mine also has an "excellent" strike rate (43%) and employs a rolling staking plan where he rolls a percentage of his winnings from the previous winner on to the next bet and continues to do so until there is a non-result i.e non-winner/non-placed, depending on how you bet, in your case no place getter.

So if you had 3 winners in a row you'd have your normal stake e.g 1% of bank and then you would have (for agument's sake):

25% of the profit from the winner 3 starts back, plus
25% of the profit from the winner 2 starts back, plus
25% of the profit from the winner 1 starts back, plus
It's a plan.... I'm not gunna say that I agree or disagree with it..... because I don't feel like being today's punching bag..... so, you might like to see if this approach would improve you return over the history that you have.

Best of Luck

I appreciate your input and will study your suggestion.

So far so good today..my first one paid $1.50

[La Mer]

La Mer Oscar's Grind :confused: - Could you give an example of this? (Please) Thanks In Advance

I remember reading about this a few years ago & the reason it's called Oscar's Grind is because it is named after the guy who developed it, which was for betting on the 'even' money shots at roulette at the casino. It is claimed that over a long period of time he won, but not sure if that is true or not.

The aim is to win just one unit then once having done so recommence @ the start.

These are the rules that I picked up elsewhere -

Rule 1: The target for each sequence of bets is one unit profit, with the first bet being one unit.

Rule 2: After a losing bet, the next bet is always the same size as the previous one.

Rule 3: After a win, the next bet is one unit more than the previous one, so long as the dividend is $2 (Evens) or longer. Where the dividend is less than $1.50, the next bet should be the same size as the previous one, while if the dividend is between $1.50 and $1.95, then the next bet should be increased by the amount of the percentage profit of the base bet, i.e. a winning bet that returned a dividend of $1.60 would mean an increase of $6 (assuming a $10 base bet) on the previous bet.

Rule 4: However, the bet size should only ever be large enough to gain an overall profit of one unit on the sequence.

So long as a sequence does not go for too long in a WLWLWL type of situation it should work fine, otherwise it can take a while to compete & I think that's where the 'grind' bit comes in.

I have tried it & it worked fine but would suggest that it be worked on paper over a set of selections to get used to it, making sure it does improve on level stakes before putting any real money down.

A stop/loss strategy would probably help doing tough periods as well.

[Merriguy]

Interesting question you have asked. Will enjoy seeing the results of your query.

Probably teaching you "to suck eggs"; but the best tote has to be sought out. The $1.50 was the worst of the three Oz totes for the place. Unitab's $1.70 is only 20c more --- but a huge 40% better income.:)

Cheers

[aussieincanada]

Interesting question you have asked. Will enjoy seeing the results of your query.

Probably teaching you "to suck eggs"; but the best tote has to be sought out. The $1.50 was the worst of the three Oz totes for the place. Unitab's $1.70 is only 20c more --- but a huge 40% better income.:)

Cheers

Yes it is 40% more , but with all the research i have done..i know the Melb Tab comes on top in the long run. Thanks for pointing it out to me tho..
By the way excellent day...2 out of 2...another $1.50 place
Unitab...$1.70 ..mmmmm

[Merriguy]

Cheer up. It only paid $1.60 on Unitab :) not $1.70!

Have just tried to find an idea fom Testarossa from a few years back. Seems to have been deleted (too far back??). Did find this thread which I began:
http://forums.ozmium.com.au/showthread.php?t=3151

He seemed to have great success with the place -- only a few bets a week; but an 80% strike rate. It was basically four "all ups". He said at an average price of $1.30 he, with beginning bets of $50, made something like $13,000 in a year, gradually increasing the bet with the bank going up. (figures are from my memory only)

I have tried it; but the danger is in wanting to have too many bets. If you lose, you lose all four bets. For that reason I would like to study Stix's friend's idea.

Good luck.

[Skater]

I think you would need a high strike rate for this one to work?
As you would get into a lot of trouble with the run outs and for ever recovering past debt.
My two cents worth

[aussieincanada]

Interesting yesterday my selections and bets were as posted earlier.
Echuca 3 7 $1.50
6 9 $1.50

The other races which i selected in but did not wager also came in but I have certain rules to abide by and I am very strict about these.

Echuca 2 5 $1.20
4 2 $1.20
5 3 $2.30
7 2 $1.40
8 6 $1.20

Strike rate 100% would have made a great all up bet 1 unit would have returned 15.64

Unitab Total $10.80 average $1.54
Melb Tab Total $10.60 average $1.51

It is also interesting when a horse shows $1.04 usually returns more...and when a horse is normally showing $2 or slightly under it crashes. ( I am talking of favorites) Mug punters money I guess.

Food for thought

[Bhagwan]

A similar plan is called ,
THE CRUSHER
One increases their bet only after a return, repeat bet after a loss
e.g. 1p,2L,2L,2L,2p,3p,4L,4p,5 ect

Start again once in profit.

Another is the ,
DUEL PROGRESSION
Start of with betting in lots of 2 e.g.112233445566ect.
One increases the bet by 2units after a return .
Start again once in profit.
1L,1L,2L,2L,3L,3P,5P,7P,9L,9L,10L,10P,12P,14 ect.
This one can be used also for win only or eachway betting.

Try both out on some past results first, before betting any real money on this.
See which one suits ones style after working out how large a bank one needs then double the bank size.
This should give one the confidence needed for this sort of thing.

Cheers.

[darkydog2002]

Has anyone used "Mcleans Diabolical Staking Plan "For Place betting.

Just Curious.

darky.