9th May 2007, 12:53 PM
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Member
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Join Date: Jan 1970
Posts: 2,790
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Very true. Even though it wasn't a loss-chasing method it was still a staking method that increased her outlay per race.
I've heard/read arguments from punters who bet (not lay) this way and have claimed it to be superior to level stakes when betting their selections, yet there are critics who don't believe them.
I have some literature by a punter who about ten years ago tried a loss-chasing method with faves only, over a period of one year. He had only two filters - 1) omit races with equal-faves, and 2) omit races in which the fave is odds-on. He applied this to Sydney, Melbourne and Brisbane Saturday races and documented every selection and every amount wagered per horse. His aim was to cover existing losses and win $5 if the fave won, then he would start from scratch - aiming to profit by the nominated $5. After 52 weeks he showed a very handsome profit. Maybe he was lucky there was not a long losing streak - he admitted he used the 3 states to more-or-less nullify this happening, even though his logic might puzzle some of us.
Anyway, Wesmip1 I'm sure we'll all be interested to see how your Retirement staking plan goes using the Betfair faves.
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