Staking Plan

[Benny]

Does anyone have a good staking plan for betting on 4 horses in the same race. You see, I can narrow a field to four chances.

Benny

[Kojak]

If you want a gauranteed return for one of your 4 picks winning this is what I would suggest.

First thing is to make sure there is sufficient percentage within your 4 picks to justify having a bet.

For example if the odds on your picks are 3.00, 5.00, 7.00 and 11.00 and you rate everything else as no chance then the percentage in these 4 is 1/3 + 1/5 + 1/7 + 1/11 = 76.3% This is probably enough to justify having a bet. It depends on how sure you are that no other runners can win. If the percentage is close to 100% or worse still, over 100% then keep your money in your pocket.

It pays to find fixed odds if you can get the value, as tote odds may shorten by the time they jump and you will lose the value. Try looking at EDITED for a range of bookies prices betting fixed odds.

Your staking plan should ideally be based on the difference between your judgement and the bookies judgement to ensure you get maximum value.

However to ensure you get a return if one of your 4 picks wins, just adjust your stake to ensure each of the 4 picks will give a similar return.

In the above example, wagers of $33, $20, $14, and $9 will all return approx $100 for a total outlay of $76, so you win about $24 if one of your 4 picks wins.

Be careful, because you are outlaying $76 just to win $24 (3:1on) about no outsiders upsetting your picks. and I was always taught "odds on - look on"

[Dirk Gently]

Dutch booking is a comfortable way to go broke very slowly unless you are very good at selecting winners in which case you should just back one horse in each race and bet in four times as many races. If you like constant returns then try your hand at place betting......you can back three horses in every race and no single bet cancels out the other one as is the case with backing four horses to win on race. Cheers, Dirk

[partypooper]

Benny, just my 2 cents worth mate, I've been "investing" for MANY years but have only made a profit in the last couple.
My experience of this type of betting is a LOT of effort for very little return IF any. (I'm bracing for a barrage of abuse there,) but I'm only stating my humble opinion that you should not look further than 3 selections per race, and also explore the possibility that you back them at level stakes, within some other staking plan, in other words the 3x1 bets are treated as 1 bet, so say you have 5-2, 5-1, 7-1, bets are at levels so say the 5-1 shot got up then your bets results in a return of $6 for a stake of $3 in other words 1-1.

Over MANY bets I found that this worked out about the same as dutching WITHOUT a hell of a lot of work!!

[Shaun]

once you get your selections down to 4 chances....dump the favourite....now i jear people saying but why....for one the price will be to short to make any profit...i am in a similar situation and even thought the favs are winning 25% of my races they are costing me money.

[darkydog2002]

SHAUN .Couldn,t agree more.

Cheers.
darky.

[syllabus23]

Quote Partypooper...
. (I'm bracing for a barrage of abuse there,)

It's very true that some people find it impossible to reply to any thread without pointing out the faults of others and suggesting remedies, or courses of action in an argumentative and pedantic sort of way.It's an unfortunate fact, but one we have to live with.

However there are people in this forum who take the time to make their point in a friendly and helpful manner.People who dont find it necessary to browbeat individuals who either do things differently to themselves,or express opinions contrary to their own.They are the people who keep forums like this alive.

Happy New Year,,, good luck,, good punting...

[chiller]

Hello All,
Maybe you can have a look on the net on the staking plan of a fellow from the USA called Howard Sartin. His idea is to back two in a race and will not take under $3.50 ( 5/2). I must admit that I viewed it with some scepticism when I started with it about 12 years ago, but have changed my mind completely over the years. Additionally I also use a portfolio type betting in that I take quinellas and an occasional trifecta which depends on the price of my number 1 rating .
Look forward to any comments anyone might care to make.