STAKING PLAN DIVS?

[OZDOC]

If someone could point me in the right direction it would be appreciated.

in a staking plan it may be sometimes the suggested bet far outways the pool.

for example in a midweek meet the pool may be a mere $2000 ( as an example ) in this case my views are that the most you would place on this race regardless of suggested bet ( in the staking plan ) is $20 being 1% of the pool as placing a large amount here would affect the divs.

any thoughts or suggestions would be appreciated.

Pete

[partypooper]

OZDOC, the answer there is to back at top fluctuation bookies price, (if its available that is)then it doesn't matter how much is in the pool or how big the bet is (as long as it wins that is)

[becareful]

My tip is to avoid staking plans - particularly those that require bets that would flood the TAB pools! If your selections don't show a profit at level stakes then a staking plan wont help - you will still lose in the long run.

If you must use one then Partypoopers suggestion of using a bookie is very sensible (although you still may have difficultly placing large bets on small meetings).

If you must use the TAB then it depends on the approx dividend of your selection (and how much you are willing to eat into it) as to how much you can bet. For longshots then 1% can affect the dividend quite a bit, for even-money favourites you can go to 2.5% and drop the price around 10c or 5% will drop it about 10c. Of course if someone else does the same thing it may drop it more.
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"Computers can do that????" - Homer Simpson

<font size=-1>[ This Message was edited by: becareful on 2003-07-16 13:08 ]</font>

[OZDOC]

Thanks for the quick and helpful advice.
appreciated

[becareful]

OZDOC,

For TAB pools you can estimate how big a bet will reduce the dividend by 10c by doing the following:

Divide 1 by current dividend to get current pool percentage.
Divide 1 by (cur div - $0.10) to get pool percentage for next step down.
Difference between the two is the percentage of pool you can bet which will reduce the dividend by 10c

FOR EXAMPLE:
Lets say current dividend is $3.00
1/3.00 = .333 = 33.3%
1/2.90 = .345 = 34.5%
34.5% - 33.3% = 1.2%

So for a runner with a current estimated div of $3.00 you can put a bet on of 1.2% of the current pool and this will reduce the dividend by 10c.

This is just a "quick & dirty" calculation as it ignores the fact that you will actually be increasing the pool size with your bet but is close enough to give you a good idea.


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"Computers can do that????" - Homer Simpson

<font size=-1>[ This Message was edited by: becareful on 2003-07-16 14:27 ]</font>

some odds are too small