The power of 48 - Placing to 10k

[TheSchmile]

Rules:
Minimum class BM58 NSW, VIC
Place bets only
Staking: 1,2,5 increasing after a loss, max loss in a sequence 8.
Bank = 6 x sets of 8 = 48 in total
Starting bank 1k
Increase bets after each race.
Minimum place price $1.7
Qualifiers must have won at distance.
Must have won in going outside of maiden class.

[TheSchmile]

Selection 01/02

PAKENHAM
8 1400 58 - 1 Legionnaire $6.5

[TheSchmile]

Dubbo
4 - 3 Competition $4.4

[TheSchmile]

Warwick Farm
3 - 2 Auspicious Cloud $12

[Eddy]

Thanks for the post Schmile,
Rules:
Minimum class BM58 NSW, VIC
Place bets only
Staking: 1,2,5 increasing after a loss, max loss in a sequence 8.
Bank = 6 x sets of 8 = 48 in total
Starting bank 1k
Increase bets after each race.
Minimum place price $1.7
Qualifiers must have won at distance.
Must have won in going outside of maiden class.

--is that increase stake after each loss or after each bet?

[TheSchmile]

Hi Eddy,

Thank you for the clarifying question, I hope this message finds you well!

Increase bet after loss.

Trying to even out the $$$ coming in from place selections.

[TheSchmile]

Selections:
2 units
Wyong 8 - 12 Standing Bear $41

If Wyong selection wins, back to 1 unit bet, if it loses, 5 unit bet
Pakenham 7 - 1 Tarn's Prince $26

The selections come from a times based system, using the qualifying race rules mentioned in the original post. Two long shots today, so it's either caviar or two minute noodles.

[TheSchmile]

Based on today's selections, it may be better off aiming to win a set amount, say .7 units in each 3 bet sequence, capping the mimimum bet at 1 unit to grab the excess $$$ if the long shot places.

So today with two long shot selections, you don't necessarily need to use the 1,2,5 bet sequence. Simply even stakes or a slight increase in stake for Tarn's Prince at Pakenham to secure a profit if it wins.

Using even stakes when the prices are high might be the go.

Or even 3 sequences of:
111
222
555

Stopping at a winner, or any time you are in profit.
Interested in any input. 🙌

Note: To make a profit chasing/making up for previous losses, we'll need a system that can beat the takeout.