I've started to use this method however what scares me is the losing run that can occur and the time to get back in front with the divisor staking strategy.

I think this will be a good strategy if we can some how identify those races where favourites under $4 lose and the next three favourites win high % of the time in order to get the highest possible strike rate.

If anyone can shed some thoughts maybe larger fields or certain race types that get better results with the plan.

I don't know if anyone else is using this strategy and doing well???

The biggest piece of advice I would give to you is to forget about the staking plan for now. Concentrate on making sure your selection method returns a positive POT, then play with staking plans if you want to.

The simple fact of the matter is, is that a staking plan can give you short term profits, but eventually that long run of outs is going to catch up with you as it seems you are becoming aware of. Even reading about the staking plan on the official site they admit that

'At one stage the target reached $7,653'

starting with a 10k bank, that spells it all out to me. Sure on paper, you might have managed to recover it, but in the real world with real money on the line, 99% of punters would have pulled the pin on this.

Just remember, even with a SR of say 50%, you WILL at some stage hit a run of outs of 20+, might not be today, next month, might be a year away, but at some stage it will happen, even with a method which produces a small POT, will be hard to make money with a staking plan when the long loosing run hits. Trust me on this, I speak from years of experience trying to turn a negative into a positive with staking plans, no matter how you sugar coat them or add 'safety' brakes to them, the maths gets you in teh end!

This is why most people reccomend percent of bank up and down as teh safest way to protect your bank, you'll be surprised actually how quickly your bank can grow using this simple method, and at the same time, reduce damage done on the loosing runs.

Wow, sorry for the long winded reply/rant

Good advice!

According to the market forces book all professional punters use a staking plan. And do not bet level stakes.

That's plain wrong marksto2. I am a professional punter. I do bet level stakes. (Percentage of bank makes sense while expanding.)

If you're only mucking around with small stakes then a staking plan can be fun and may rapidly boost your balance.........for a while.

Long term and on hefty wagers then level stakes sure makes sleeping easier.

__________________
"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"

I have to agree with Two_bets. When you are betting small stakes then staking plans work well. But if your betting around a base bet of $200+ per bet you are not going to be looking at a staking plan. Imagine running some sort of martingale system with this. Even the retirement plan can get up to crazy heights and it has a break.