I agree, it depends on your strike rate.

1% or 2% and divide that by the rated price.

Now that's very small, but it will build confidence and you won't be sweating losses.

I have a method that has a 40% strike rate and 15% POT, so I use 5% of bank not reducing, but that's purely because of such a high strike rate.

mmmmm, well, I can only comment on the basis of my own POT which seems to have stabalised at 4% on T/O AND I would be the first to say that even though that is the situtaion over 5 years, there is no guarantee that it will always be the same???? I have achieved this after more than 30 years of investing!

But stil on that basis, say you need $1000 a week to "SURVIVE" so you need to be turning over $25,000 AWEEK. So obviouisly now you are down to the average no of bets per week???? YES? if it's 25 then you are at $1000 EACH BET????? x 25 times a week.

Does professional punting seem to be taking on a different tack?????????

Yes, especially if you consider that consecutive weeks may not be winning ones, even if you win for the month.
The drawdown could be scary.

Is it possible we punters can sometimes overdo the analysis and plans when it comes o staking?

As a rough guide look to stake 2% of your bank. Could it be that simple?

That's a bit like like saying that walking is simply one step after another.

There is the target, there is the reason why you is betting at all, there is when to stop, there is which direction, there is what if the weather is foul.

Nothing is simple, not even getting out of bed.

I have a selection system based on Australia wide metropolitan meets [excluding Tas] and HK.

Some days I have no selections others I have 8. Most instances something in between. At the start of the day I check my bank I and calculate 2% - that is my stake for the said bets. I put the bets on I calculate the results. Repeat process for the next metropolitan or HK meet. It's served me well over the last 2 years but who is to say it wont fail during the next year.

I don't have a 'target' nor do I have a when to stop. Some days I have selections some days I don't. That tells me when I bet.

Have I got something wrong?

Sounds fine to me because of the bet limitation.

Adjusting up & down sounds reasonable also because you are able to bet with confidence within percentage to bank exposure.

When punting its an idea to have some idea as to..
Max No. of bets.
Max no. of losers
Max No. of winners.
Max % of bank.
( personally I have found 5% profit to bank works fairly consistently any more & things change).

Not necessarily all of these, but at least some.
e.g. 8 bets max.

I think variance has to be a big consideration.
My method longterm is 40% strike rate and 15% POT.

However, this week...

22% strike rate 46.89% LOT :eek:

What you have got wrong is that you are having an equal amount on your winners as you are on your losers.

Wouldn't it make more sense to have more on your winning selections than on your losing selections?

Yesterday I Posted 4 selections.
Following my bet amounts, I would have invested $55 for a return of just over $60.

With your approach, an equal share would have invested about $15 on each animal for a return of $30.

Sure this is just one day out of History, and perhaps tomorrow things could work out in Favour of your idea.

But just to show you that things can be improved on, otherwise we'ld still be rubbing sticks together to get the barbie going.

Simple ain't always better.

Now that's a great idea that we would all like to adopt Moeee! Where do we buy our crystal balls from?