Thread: Place Method?
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Old 18th November 2010, 07:56 AM
Stix Stix is offline
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Join Date: Apr 2005
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Hi Michaelg, Party, Bhags, Wesmip et al.

Just wondering, what type of staking approach (level stakes or % of bank or % of bank non reducing or other) is best that you've found for a place betting method? Not keen on progressive/chasing staking.

Currently, I've got a selection method, not a system as such although; it uses quality ratings as a base and a couple of filters over the top (max 4 additional rules).

It's currently hitting at 85% and returned 16.1 units over 100 bets (obviously equates to 16% POT), longest run of outs has been 2 and has hit 4 No Third Dividend results. The 100 bets are after being screened from 550 initial contenders....over almost two months.

So at level stakes, it really is showing promise, and the win is also in profit of 30 units for the win, with a couple of $9 winners and 44% Strike rate.....so tempting as a win method.

I must be getting a bit older as I'm finding the regular small wins on the place more enticing, and to a point, stress free as you have 3 chances and not one

There is enough action for me, being usually 1-2 selections a day and 3-4 on a Saturday and the best thing is it takes around 5 mins per meeting - which includes entering in the database and running the macros to apply the filters...

I do have a place staking plan from PPM and I think it was Alan Jacobs where they reinvest/parlay 25% of the profit from the prior winners on to the next selection - so you could have a fair bet riding on a selection after a run of 5 or 6 successes...it's seems a great way to build the bank, but very involved and hard to do unless you’re watching each race, which I would prefer not to....

Anyway, any help would be appreciated as currently betting level stakes of 1 unit (equates to 1% of beginning bank).

If I get time to post, I'll see if the forum curse can take it's best shot at the selections

Thanks In Advance
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