MadGambler,
I knew I read it somewhere and have found the thread with a staking plan and better detail on how to work the plan.
http://forums.ozmium.com.au/showthr...3&page=1&pp=10&

It's the post further down on that thread which reads "9/4 Staking Plan" by Puntz.
I have tried this a few times and if done according to instructions set out by Puntz, it worked well.
The most important instruction I found is to not look for wild longshots but back good solid selections,win and quit for the day.