Retirement Staking Plan Software

[Bhagwan]

I have been asked by many people as to whether there is a computerised sotware version of the Retirement Staking Plan.

Well... the answer has been no, up until now.
Google- The Staking Machine
There, you find it, in all its glory, for a modest price.

Cheers.

[burrah]

This one? ukhorseracing.co.uk/tools/RetirementPlanSpreadsheet.asp
And it's free:)

[stugots]

bhags, really.....

[Bhagwan]

Hi Burrah,
I had a look at that free software & for some reason could not get it to work properly.


Hi Stugots,
Your dissaproval has been duly noted my friend & filed with my people.
For some reason, many people seem to find it difficult to understand this simple staking plan & would like it in an automated spread sheet type format
It would appear that you seem easily offended by information sharing when requested, on a site that is all about sharing info & ideas
It raises the question, what else is there that you dont want to see or maybe have some things censored.
It's already got slim pickings .

Cheers.

[Beagle]

Hi Bhagwan. I too could not get it to work. Maybe you need to pay for the "free" version to use it.

[Crackone]

I down loaded the free one and it seems to work (open ) for me ,I'm useing exel 2007, you would just need to change the numbers (formula) to suit your staking.

[lomaca]

Hi Burrah,
I had a look at that free software & for some reason could not get it to work properly.


Hi Bhagwan!
Just as a matter of interest I downloaded the file, it works OK, no good to me but, level stakes win for me only, or place if it pays better than $3+ and is my sec or third selection.
Good luck.

[Bhagwan]

If one wishes to get more bite out of this plan, try doing this to it.

Start with a divisor of say 2 to win 2% of bank.
Then go through the divisor by increasing it by .5 of a point after each looser.
Example 2 2.5 3 3.5 4 4.5 ect.

Now reduce by 1 pt after each win if price is 2.9/1 & less.
Reduce by 2 pts if winner pays 3/1 & more
e.g. 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8w 7 7.5w 6.5 5.5 6w 5w 4w 3 3.5w 2.5 3w 2 ect.

7 wins from 25 = 28% SR
to bring it back to 2
We are assuming the average price is 2/1

It does not require the selection plan to produce a level stakes profit to make it work, but it does require a strike rate of some kind to make it work like any other loss recovery plan.

One would have cleared the slate sooner if the odd better priced winner should get up.

[lomaca]

Hello Bhagwan!

A question if you please, if one is almost sure that in every race meeting along the way there is a race where you <b>WILL</b> pick the winner, but you don't know which race 1 or 8? How would you approach this staking wise? (the price range is from $1.9 to $15.00)
If you don't have a ready answer, but have a handy URL to point me to this, I would appreciate it.
Good luck

[Bhagwan]

Hi Imaca,
If one is very confident of hitting one winner in every 8 races.
Just bet to price for a max of 8 outs, to win a fixed amount per race plus previous losses , this is called , due progressional staking .

If you dont wish to do this manually, there is a computerised version of this at Ozracetools under target betting, just tick the first of the 2 boxes shown .
Try & target .20-.40% of bank per race.
Just enter the horses Expected price into the column & away you go.

If 8 outs is struck , start afresh with a new lot, for 8 outs.

Its a strong idea to let any race go where the selection is not paying at least $2.80, otherwise the bets can get very high on a run of 8 outs in a row if all are very short priced.
You will be amazed at how many short priced horses get rolled, so try not to bet them.

This should keep ones bets more under control rather than a set total target as indicated with the 2nd box shown in the Ozrace program.

Its also a strong idea to use say Betfair prices rather than TAB prices because the price can be locked in & Betfair is usually 1-3pts better on the shorter priced horses.
e.g. Why accept a $2.80TAB price when $4.20 is being offered by Betfair.
One can multiply the Betfair price by .95 so as to work the net div being offered.
e.g. $4.20 x .95 = $3.99 (net div figure after commission.)

I am always amazed at the massive price difference with say the TAB Fav
1 min till jump compared to Betfair.
I saw one today that was $3.20 on the TAB & was showing $6.00 on Betfair & it won, punters have been short changed for years by the TABs if one targets the top 3 in the betting.

Cheers.

[lomaca]

Hi Imaca,
If one is very confident of hitting one winner in every 8 races.

Thanks Bhagwan, I am testing something, and sometimes there are 2 seldom 3 winners in the meeting, very rare when there is none.

Would you recommend to stop for that meeting, when a winner is struck?
Most of the time they are earlier than later, I only noticed a few race 8 or higher. And how would this affect the staking plan?
Cheers

[Bhagwan]

I feel stopping at the 1st winner for that venue to work the strongest long term .
This is where the discipline thing comes into play which is something not many punters possess.

Can you say what selection process you are following?

Cheers

[lomaca]

I feel stopping at the 1st winner for that venue to work the strongest long term .
This is where the discipline thing comes into play which is something not many punters possess.

Can you say what selection process you are following?

Cheers

Thanks for the help Bhagwan, I am not finished testing yet. If you are interested in the results give me an email addy. and I let you know. Should be finished by Sunday latest.
Cheers