Good Evening Our Maizcay,

Could I trouble you for a copy of your spreadsheet?

Thanks
Twodogs

Thanks mate much appreciated

On 2004-02-25 21:28, Our Maizcay wrote:
exandx,

this staking plan has been around for many years and works great when on a winning streak, and protects you on a losing one.

Basically you have a set amount plus the square root of your balance...

eg...

if your balance is $1000, you may have a base bet (which doesn't normally change, but it's up to you) of $20.00 (any lowish figure will do - $20.00 is 2%).

You add to this the square root of your bank balance ... sqrt of $1000 = $32.

Therefore your bet is:
Base ($20.00) plus sqrt of bank balance ($32) = $52 (5.2% of bank balance).

As your bank balance gets bigger your actual bet will decrease percentage wise...

eg..

Bank Balance $2000
Base: $20.00
SQRT: $45.00
Bet: $65.00 (3.25% of bank balance - compared to 5.2% on the $1000 balance).

This is a very solid money management strategy ... it is not a get-quick-rich format, but will keep you in the game longer than most other methods..

As others may wish to know how the Excel part works, I will give an example here...

The formula basically is:

= base + SQRT(Bank Balance)

If your base is in cell A2, then have an absolute reference to it such as:

=$A$2 +SQRT(Bank Balance)

This helps you keep the same value all the way through the spreadsheet when you drag down the formula from one horse to another.

Exandx ... I will still send you a copy via email...

Regards,

OM

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[ This Message was edited by: twodogs on 2004-03-11 11:16 ]