Staking
 

I came up with this idea during some research.

I bet only on sat where I have 21 bets spread over 5 meetings. My question is taht I need to work what to bet on each selection. I'm aiming for a traget of $300 a race.

any suggestions.

No offence Benny, but if you struggle to work this out, best be donating your cash to your friendly Bar man, rather than the tote.

There are heaps of tools on this forum and indeed the web. Or do an excel for beginners class....

Good luck...

Use the staking plan at ozraceingtools ,its very good for this exercise with a couple of built in protections that can be set to stop the amounts blowing out too much.

There are 2 staking plans there to work with.
1.Bet to Profit Per Race e.g. 10 races x 300 = 3000 if winner is struck at your set price on the 10th bet.
Called a due target staking plan.
This has a built in protection to reset itself as soon as 300.00 is made.
even though the target may say 2000.00 is due you may have put the the divisor in at say 5/1 but due to scratchings at the last moment ,or dead heating , it halves your odds & if in profit by the initial target amount
(say $300) it automatically resets itself.
A brilliant feature that I have never seen on any staking program before.
It cuts back on the heartache that can happen with all progressions.

Its an idea to set your initial target amount at 1000/1 ratio & restart if a certain number of outs that ,you determine, has been encountered.
e.g. $300 per race x 1000 = $300,000 bank required.
Will that be cash deposit or credit card Sir?

2.The other is to set a Fixed target say 300.00 & resets itself once target is reached.

It has a built in stop/loss filter that resets itself after loss mount exceeds the stop/loss you have set.
Keep an eye on this because we may say that we are prepared to lose say a max of 2000.00 but because the odds of our next bet that may lose , it may set us back by say 3000.00 that's because the stop/loss kicks in after the set amount has exceeded so its best maybe not to place that next bet if it looks like we are going to be over our predetermined loss amount.
We would then re-set our staking plan to the beginning.

Its an idea to set the fixed target at approx 2.5% of bank or less.
e.g Fixed target $300 bank needed $12,000

This is one way to work this out...
$300 divided by 2.5% (press the % key) = $12,000 bank needed.


Cheers.

thanks