Gunny,

The staking plan makes no sense at all. The principle of trying to recoup previous losses in a couple of bets, no matter what the staking or selection method is flawed.

As Becareful summed up, if you had a good thing at $3, why would you pass the bet up becaue your losing sequence says it should be $5? It's illogical. Relating your current selection or bets to previous outcomes is the most fundamentally ineffective way of trying to make money at the races.

Another and reason why it's a terrible betting plans is that as your losing run increasing you have to target progressively higher priced horses, which will naturally lead you into a longer run of outs, which means you have to find higher priced horses again and so on....It's like a viscious cycle.

Even betting favourites and horses at $3 you can have a losing run of 10 or more...all of a sudden you are looking for $10+ winners, which you can easily encounter a losing seqence of 25 or more, which means you are now looking for $30+ winners, where you can easily encounter losing sequences of 50 or more...get the picture?

A good betting plan is one that fits within your level of comfort and is based on the unqiue circumstances that present themselves in that race.