Retirement (again)

[partypooper]

Is there a spreadsheet available that can tell how a given sequence of results would fare, or does it all have to be entered the slow way? (that's the "Retirement Staking Plan I'm talking about)

[UselessBettor]

there is software to do it but it costs money.

[partypooper]

UB , yeah that'd be right, .....

[Puntz]

Firstly, I'm finding it harder to google certain stuff that has an "edge". It ain't like it used to be, was able to search and get almost anything.

for example,
I came across a page that HAD a download spreadsheet, but the link became a dud.
Then a few pages went to "pay for this product, re: retirement staking plan" and some other pages simply won't post spreadsheets with a racing edge.

Sooo, when I used this search engine, I got better results
https://duckduckgo.com/privacy

and found this staking plan download download instantly...

[partypooper]

Thanks for that Puntz, I just have to remember the rules again now.

[jose]

Party try this link


www. grandstand. com. au /retirementstakingplan/

less the spaces of course.

[partypooper]

Jose, got that ta! just want to apply this to a plan that I have that frustratingly just breaks even, and see if it really does improve things by 15% (ave)

[Puntz]

partypooper I just have to remember the rules again now.


The author of that workbook has some instructions in
sheet named: Retirement Staking Plan
put cursor over cell B2 and a message thingy will open up with instructions.

I guess many here with VBA experience will have their own method/s of automating the repetitions, dates, etc etc....
I'm hoping to work out not just one selection, but a series of "hedging" 3 selections.
So if let's say my best 3 per race is A,B and C, there be separate staking plans.
The reason is, I usually get winners and loss streaks in those "best" 3 selections.
Example:
SR 1
RSP:A, TAB Runner: 5 L
RSP:B, TAB Runner: 7 L
RSP:C, TAB Runner: 10 (won)

MR 2
RSP:A, TAB Runner: 1 (won)
RSP:B, TAB Runner: 8 L
RSP:C, TAB Runner: 5 L

and so on..,
Someone with a database can quickly code up a 'what if" with past results to see if this may work using 5000 races would be appreciated.

[evajb001]

Puntz, just spitballing an idea here, but could you dutch those 3 selections so that its like having a singular bet that has a set profit no matter which horse wins which would help you determine your average odds for use of the retirement staking plan?

I haven't looked at the retirement staking plan for a while so can't 100% remember how the staking size is determined by I seem to remember it basically revolved around avg odds.

For example:

Horse A: $5.00 Odds (20.00%)
Horse B: $6.50 Odds (15.38%)
Horse C: $9.00 Odds (11.11%)

% chance of winning 46.50% or $2.15 odds.

Basically your turning each dutch bet into a singular bet for recording purposes and whatever the staking it suggests for the next race is, you use that for the total of your dutch stake for that race and so on.

Does that possibly meet what your after?

[partypooper]

Personally I would just divide the required stake by 3, that way the bigger price winners have an immediate impact, whereas say $3 winner just keeps the kettle boiling.

[evajb001]

Would need a sample of say 100+ races of the 3 selections and at least 20+ winning races to be able to put together a spreadsheet and see how/if it works.

If you had the data puntz I could put something together for you in excel and see how it went. We could compare the two methods as well (i.e. dutching the 3 selections or level staking the 3 selections)

[Puntz]

evajb001, I understand the classic dutch/hedge method of the unit allocation amount.
What I am trying to say is, instead of the classic dutch/hedge formula how many units to allocate on a bet
it's the RSP's staking formula for unit amounts, but each calculated separately
So instead of just doing a RSP on 1 selection, it's 3, as if each would have been one.
The way I see the RSP's concept with the diviser, eventually A, B or C will hit a win. At the end of the 1000 races, there would be a grand total of the
A,B, and C.
I used the wording "dutch" to try to illustrate the concept, but don't mean to actually dutch....maybe the word for this idea has not been invented yet !


If you had the data puntz I could put something together for you in excel and see how it went. We could compare the two methods as well (i.e. dutching the 3 selections or level staking the 3 selections)

I don't keep data, just counters of loss/win streaks with the selection method I use.


partypooper Personally I would just divide the required stake by 3, that way the bigger price winners have an immediate impact, whereas say $3 winner just keeps the kettle boiling.

Yeah, but there might be surprises in the long run, a steady simmer of never ending soup!

[partypooper]

Yes (soup) there has to be at least a break even situation (as far as I can see)

for this to be successful, i.e. I don't take it that it will turn a 10% LOSS into a 5% profit, but I hope to be proved wrong????