Hi guys,

I've tried various sorts of staking plans that I have come across, Retirement Fund staking plan etc, the list goes on (and on). They are good when your on a roll, but when you have a run of outs, they get very dangerous, your bank is blown in front of your eyes.

I bet level stakes only and have decided to increase it very very slightly, when my bank goes up an extra $50. Then I stay there until the next $50 happens. I know what my bets are in advance, put them on with IAS Top Fluc and sit back.

I've just joined Betfair and trying to get my head around it all, plus that program that Bhagwan told me about.

Paul

IMHO Mike, s/r, pot, rot are all useful indicators & one should set targets/goals etc, but at the end of each day/week/month if your bank is on the slide then all those wonderful stats that looked so good on paper suddenly count for naught

Speaking solely for myself, bank protection is of paramount importance so whatever staking plan you employ, err on the side of caution & go conservative. You may feel short term this is costing you time & money, but long term its very likely that such an approach will be saving you plenty of both.

I have found with level stakes betting , that it is a strong idea to quit for the day once 3-5% profit on bank is made .

That way we have a greater chance of achieving regular profits rather than spasmodic profits hoping for the odd big payoff.

Cheers.

A Staking Plan
 

Gentlemen and Women,
Let,s start with a bank of say $5000
We bet at 2% = $100
Level Stakes agree
At the highest point of the Bank at the end of any given week .... the bet remains at 2% irrespective which way it moves
Say now after 2 months the bank has risen to $10,000 our 2% now becomes $200
Yet if it dropped to $3000 our bet becomes $60 still 2%
I find this a very simple way to do my betting whenever possible ...I must state though I prefer to dutch bet on my top 2 or 3 even 4 rated horses if the prices are all overlays from my prices
I must also state I will not BET AGAINST my top rated horse if I cannot obtain my rated price.

Staking a Race
 

Hawkesbury Race R7:9-5-09
TR:5 Voice Commander:Rated Price =$4.77 SP = $6.50...Bet = $21
=TR:8 Testamonial :Rated Price =$4.77.... SP = $17.00..Bet = $21...Won
Next:1 Rated $5.96...SP = $12.00...Bet = $17
9 Rated $5.96 .. SP = $7.00... Bet =$17
Next:2 Rated $7.12.. SP = $5.00 ...Bet = $14...= No Bet
Next:7 Rated $9.54 ..SP = $4.60 ...Bet = $10.. = No Bet
Outlay for this race was $76
Result for this race was $357.00
I rated 6 races Saturday for a $502 Outlay
My return was $675
POT was ...$173
34.46%
This week my Bank advanced my 2% = $165
Patience in Staking is a virtue ...and yes what may have been I know ....
Exacta = 151.80
Q = 29.30
Tri = 3057.50
Wait for it 1st/4 = 48,479.40
I don,t do exotics