STIX, I'll ditto Michaels post, I was an out and out gambler for many years, always betting from the gut, but when I look back I was in fact making those gut judgements from "in-race " observations. Needless to say I had some spectacular wins and some soul destroying losses, (usually involving photo finishes)

Anyway, I got smart a few years ago, and have been place betting (mainly) ever since)

As you say Michael, it can be a bit boring, and almost any staking plan will not go astray IF the plan is in profit at level stakes. The problem is not the losing run as such its the succession of losing runs punctuated by a few skinny dividends.

eg. 9 losers then $1.10c, $1.30c, 6 losers, then $1.20c, $1.20c 5 losers, you get the idea, this sort of horror run happens even with a great plan that shows an overall POT.

So the bottom line is 1% of bank non reducing, just to spice things up again.

The +25% after a winner is not bad, but I would have a stop gap at say 5 hits, then back to 1 unit regardless.