20th July 2004, 10:33 AM
(A) Assume you only bet Saturdays. Instead of having a staking plan designed for individual bets, why not allow "x" amount for each betting day. Say you have 4 horses to punt on Saturday for a total of $200.00. Put $50.00 on each. Nest weekend you put your staking plan into place and it may mean that you increase your punting money by 50% to $300.00. You divide your $300.00 by the number of runners on that day. (What if there is only one selection you say?)
(B) This one I like. Forget staking plans that chases losses. Develop a staking plan that the amount you bet increases substantially with each win, or with each "block" of wins. Only over a short period of time though. The result is that you should make heaps when you back a few winners. Most punters become conservative when they back a few winners (and subsequently win little) but get desperate and chase their losses. My suggestion is to reverse this.
Good luck.
(B) This one I like. Forget staking plans that chases losses. Develop a staking plan that the amount you bet increases substantially with each win, or with each "block" of wins. Only over a short period of time though. The result is that you should make heaps when you back a few winners. Most punters become conservative when they back a few winners (and subsequently win little) but get desperate and chase their losses. My suggestion is to reverse this.
Good luck.