G.day all.
Have been reading about a staking plan which is reported to be very good for the small punter using a very small base bet.
It works on the principal of youre base bet plus increments according to the square root of your profits.
Has any member heard of or used this plan ???
I have tried to put it into excel, but cannot quite get it right. I any excel guru's out there would like to have a go please let me know.
Taa very much
address my user name at hotmail dot com.

Hope to get some replies..

exandx

[ This Message was edited by: exandx on 2004-02-23 22:58 ]

[ This Message was edited by: exandx on 2004-02-23 22:59 ]

Exandx

Why anyone would want a square one, is anybodies guess !!

You are obviously referring to a target betting system.

I think you mean adding any lost bet to the next bet's target, in a per race target amount system and working out the bet required to cover target [ or target + lost bet amount ] based on the selected runner's odds.

Cheers.

[ This Message was edited by: crash on 2004-02-25 07:54 ]

A good staking plan.
Flat stakes .Add square root of any profit to base bet.

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

Thanks a lot OM.
Exactly what I have been waiting for.
Eagerly awaiting your spreadsheet.

:grin: :grin: :grin: :grin: :grin: :grin:

Our Maizcay. Is there any chance of you sending me a copy of your spread sheet for using the square root.

This is the first time reading this forum so going to have interpret some of your terms.

Could you please explain how to send an email address without posting on thread.
Thanks Eric

[ This Message was edited by: warrington on 2004-03-10 20:11 ]

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

[/quote]

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

Guys / Girls,

spreadsheet is on the way ...

Warrington ... I don't know what the official line is in regards to email addesses, but you may want to do the following....

warrington at isp.com.au

I'll take it from there...

Thanks for that much appreciated

Twodogs

Our Maizcay. I would like a copy of the spread sheet Please. Constantinedblc@justinternet.com.au.
Amateur