I am currently getting a win strike rate of ~30% with avg. return being just over $3.

Are there any systems that I can use to have these figures return a profit?

YES !
there definatly is.
I hope this answerers your question.

If you are willing to share your plan , I will be willing to share my formular.

Nothing fancy, no plan as such, this is just what I have seen using the 2KY tips over a 160 race sample.

I have tried the figures with the Retirement Staking Plan as mentioned in another thread but it comes out behind...

NO! There is no way to turn a losing system into a winning one IN THE LONG RUN with a staking plan. The only way to make it win is to either improve the strike rate or improve the average dividend so that it makes a profit at level stakes.

becareful, that's what I thought to be that case from what I have read on the forum, just wanted to put the figures out there to see...

While I do think that the level stakes profit seems to be necessary, I would certainly be interested to see any other views...?

Bhagwan, I would be interested to see how a profit is returned as I can't find a way...

cheers, drayzen

drayzen, becareful is 100% right.

My advice would be to go back through every bet and record ALL the details including everything to do with horse form etc and look for areas where it strikes the best.

Use an excel spreadsheet and if you need more details on any runner try the horse search option at ozeform.com.
You may be able to find eliminating factors which improve your strike rate.
This can be extremely time consuming, but once it's done; will definately improve your end result with out chasing losses.
Good Luck.

STAKING PLAN as promised.
Try this .
1-1-2-2-3-3-4-4-5-5-6-6-7-7-8-8-9-9-10 ect.

You only need half the odds required at level stakes to break even .
In spite of what my "hard rocking Amigoes' may beleive about all staking plans must be able to show a profif at level stakes , to be able to work.

If one strikes a winner at $3.90 or less go back one place.

If a winner at $4.00-5.90
go back 2 places.

If a winner at $6.00+
go back 3 places.

E.g.
1-1-2-2-3-3-4-4-5.
Winner struck at 5/1 or $6.00
profit $5.00 or 20% POT

Level stakes would show a -$3.00 or -12% POT loss.

That`s a 32 point difference that cannot be ignored.

Bank should be $420
to allow for 40 outs in a row.
You must expect a run of 20 outs in a row with a 30% strike rate, this may happen say 3-4 times a year, so its best be prepared for it than the nieve chap who is not.

Check it out on your past results first & let us know what it reveals.

I forgot to mention that if your outlay at any time, equals the odds paid on a given winner ,you start from the beginning again,
because you will have either broken even at this point or be in profit.

Just because a staking plan shows a profit with a single example when level stakes makes a loss does not prove anything! If you have a sequence of 20 bets that all lose then with the staking plan you have lost 110 units but with level stakes you are only down 20. Thats a 90 point difference that should not be ignored!!!

Mathematically your long run profit or loss (expressed as percentage of turnover) will be the same regardless of whether you use staking plan or level stakes. Short term they may work but sooner or later you will hit a run of outs that will break the bank.

The reason so many people are fooled by them is that they generally hide the losses so instead of losing a small amount each day you win a small amount most days but when you have a loss it is huge.

Bhagwan,

I am not canning your ideas at all. You have come up with some great ideas and some fun systems too. I enjoy reading your postings. It is only your staking plan I disagree with.

But then plenty disagree with my ideas here too.

:wink:

Drayzen,
Here's another anti-staking plan post.
The problem with most staking plans is that the logic is the wrong way round. They chase after losses not winnings.
Consider this :-
You follow the Bhagwan's plan (which is very conservative compared to some) using $10 units and a bank of $1,000 (1% initial stake). After a run of 19 outs (horrible to think about but not uncommon), you’ve lost the lot. With a 2% initial stake, you can only withstand a run of 13 consecutive outs. With 5% initial stake, it’s only 8 consecutive outs, one single meeting! At flat stakes, the respective runs to empty the bank, at 1% it’s 100 - 2% it’s 50 - 5% it’s 20. You must be able to withstand the storm until the sun shines again!

As for increasing your stake, how about doing it when you get in front, not when you're losing. If you never get in front, you'll never increase your losses. If you get ahead, increase your bets as a fraction of your winnings, say 25%. (eg. a 4/1 winner means you double your next bet or at 50% you treble your next bet). Soon as you have a loss, retain the other portion of your profits and go back to level stakes. This is not a staking plan, it’s just having a dip at the bookies when you have some of their money to play with – don’t do it with your own money.

As well as minimising losses , you need to capitalise when you’re having a good run. What happens if you get a treble with Bhagwan’s plan – if they’re all at 3/1 or better you end up 6 places down the staking ladder – all on winners. Had you simply doubled your stake on each winner, you would have ended up with final odds of 12/1 (as against 27/1 if you had taken a treble). But if the third leg loses, you still end up with half your profits plus your original stake (and the treble loses the lot). Do the sums.
Cheers.
PS: Not meaning to bag the Bhagwan – just prefer people to focus on winning, not losing. Here’s the sums:

Bet Number Bet Losses – Cumulative Treble bet
1 10 10
2 10 20
3 20 40
4 20 60
5 30 90
6 30 120
7 40 160
8 40 200
9 50 250
10 50 300
11 60 360
12 60 420
13 70 490
14 70 560
15 80 640
16 80 720
17 90 810
18 90 900
19 100 1000

Staking Plans arn`t for everyone .

Level stakes betting is the safest & most conservative.

The basic idea of this is to break even or profit where a level stakes situation would show a loss .

If one cant pick the winners at all , best not to bet at all .
As previously stated, check it out over past results.

I still like this staking plan, & have used it chasing the 3rd. TAB fav.with a couple of qualifing filters, just before jump, trying to make it fall over.
It`s still standing up, with a tidy profit.

Check it out.
It`s still standing up.

Here,s one I have used successfully.

Add the square root of winning profit to next stake .

Cheers.
darky.