Staking - Taking a loss making system and making a profit.
 

Wow this forum is dead these days. Someone should start a post on staking... so thats what I will do ...

If you use a so called "stupid" staking method of trying to win your stake back + $1 on favs how would you go ? Well I started this a while back and here are some results.

The only rules were back every fav and a bank was stopped after it made 100% profit or went bust.

Here are actual results:
Using 30 banks of $1000.
Bank busted 12 times so a loss of $12000
Bank made a profit of 100+%18 times so a return of $18,000 (actually more as we made over 100% with the final win most times).

Total profit = 30 - 12 + 18 = 36 = 6K profit.

Thats a nice profit especially on a so called losing system (backing all favs).
This is based on actual results over several months.

I am sure this will get some conversation going ...

Good Luck

Playing Devil's advocate here, so I might need some further information..

Which favourite, prepost, tab, bookie, betfair?
What prices, tab, bookie, top fluc, betfair?

I don't say it can't be done, because you did it, but I do query whether the next 1,000 might be Total profit = 6K loss.

However, you juggle the staking plan, eventually the average odds will catch up, be it 1,000 or 10,000 bets from now.

You could however take Banker's insurance a la Blackjack, and stop as soon as cumulative loss is greater than 50% of cumulative profit.

I.E. keep the ball rolling until things turn ugly and still walk away with the chocolates. You might get a very nice run for a while.
I have played blackjack this way and took home 15,000 from a starting bank of 200 at Crown (three orange tigers was nice), but then they barred me, they thought I was card counting :D
This was 8 years ago, and I haven't been back since.

Chrome,

Using Betfair odds 1 min from the jump.

I believe it works because favs almost make a level stakes profit using betfair ) before commission) so its only really making a slight loss after commission.

Good Luck.

When there is no other conversation going, drag out the old loss chasing 'progressive' [ho ho] staking chestnut.

With a bit of luck wesmip1 and after lots of gobbly-gook, someone will try to sell you something :-)

Crash,

Just trying to get some conversation going but it doesn't even look like this topic can stir up a discussion.

Unfortunately management seemed to have killed the forum...

Oh well.... can't do much about it now.

Good Luck.

Yeah, their terrified when we disagree so they jump in and spoil it, even though we used to always sort it out nicely in the end. Never a dull moment in the good old days:-)

Yes, I believe it works because of the Betfair involvement.
I think you'd really struggle on the TABS.

If it's working on Betfair the system is not making a loss there long term, so it's not chasing losses. If it is, it will eventually lose there too.

Staking;Taking a loss making system and making a profit.
 

Quite some time ago, a reputable member stated he bet 1/2 % of his balance. While maybe not making a profit, it certainly takes a lot of bets to go broke. Others say 10%, but the strike rate would have to be very good. Personally I like 2%, increasing or decreasing at the end of the day, or after a prescribed win or loss amount

My spreadsheet updates after every race so on winning it allows me to bet more. On down runs it decreases my bets immediately. I think 'after every race' is the key. To not alter it until the end of the day means your either doing yourself out of decent money on a good day and of course.....alot to catch up if you realise at the end of the day its not been so good but youve been betting a higher stake then you should.

I think your right betting 2% win betting when your strike rate is lower. I kept a table next to my 5% place betting ages ago with a 10% bracket to see the difference. i found the 10% a bit too fickle.

Try this but alter the flat rate & profit rate until it fits as you like it (the 10% can be as much as 20%
>>> 2% flat rate + 10% of days profit added on top. Your staking more but the 'more' isnt extra out of your bank but a slice of what your already won. It makes winning days very lucrative. On losing days it makes no difference as 10% of $0 = $0 <<< so its just the usual 2% flat rate your betting anyway.
You can also drop the profit % right down as the day goes on to secure your winnings a bit tighter.