TARGET BETTING

[POSITIVE PETER]

I HAVE ALWAYS LIKED THE IDEA OF TARGET BETTING SUCH AS GRANDSTANDS "RETIREMENT STAKING PLAN " , IT SEEMS PRETTY SAFE TO ME PROVIDED THAT YOUR SELECTIONS ARE PROFITABLE OVERALL. IF YOUR SELECTIONS CAN MAKE FOR EXAMPLE A 5-10 PERCENT PROFIT AND ARE NOT INFREQUENT LONGSHOT WINNERS IS THIS APPROACH WISE COMPARED TO LEVEL STAKES BETTING.
ANY IDEAS WOULD BE APPRECIATED.

[Top Rank]

The thing with progressive staking plans: ie: increasing stakes after a loser is, can you handle it (mentally and fiscally) when the stakes rise to an uncomfortable level. If betting one horse a race you are going to get long losing runs.

It has been said on this forum many times. If you are making a level stakes profit (be it 5-10% or whatever) why bother with taking the approach of increasing stakes. Just cruise along betting the same amount and collect your 5-10% at regular intervals. No mental torture.

This thread brings me to a thought. (It hurt a little bit.)
The great drawback of the progressive staking it seems has always been in the inevitable long losing run, mainly because of betting just one horse per race, the stakes required can mount up.

What if you were betting two, even three horses a race. You would have to work out how to bet your set amount. But you would have less losing runs and smaller ones in general. I know I have methods that can pick the winner of selected races in two horses 45-50% of the time.

Would you dutch bet to set amount? ie: Race 1 - $10, divided between your two horses. No winner. Race 2 - $20, divided between your two horses.

Anyway after all that if your making a level stakes profit, leave it alone.

[dingoboy]

Positive Peter,

My two bobs worth on progressive staking follows top ranks views.

i played around with the retirement plan and various others and found the long run of outs sometimes made it painfull and sometimes hard to reach your goal or "target" for the day, especially if you can pick em as you remain on low outlays at the beginning of your progression.

I now, as Top Rank sujests, dutch a couple or three, great strike rate and often really good divs if you bet 5 minutes before they go, fluctuations in tote odds often will surprise you at the end,
eg, i took three in a race the other day,(NZ silly dingo) 5 before jump, they were all around the 8 mark, after the race the divi was 29.

Now onto the part that dingo has learnt,.......Dont be greedy, if you can make a profit as you sujest of 5-10 percent per day, then you should be happy, as i am.

Start with a big bank, 10 % per day:: ON TURNOVER

5 races at 100 units = 50 units infront
10 races at 100 units = 100 units infront

You only have to win for ten days at 10 % of ORIGINAL BANK % and youve doubled your bank. Dont fall into the trap as dingo and go 10 % of bank, add to bank then expect 10 % on that the next day !

I have found that there is no real need to increase stakes after a loss as the overall results out weigh the loss, you must be able to find value though.

Have you thought of using the retirement plan with place betting, i did it for a month live and made some healthy returns, use a divisor of 1.5 and target two horses of good value for the place (bet them as one bet)

Cheers
Dingoboy