Hi Stugots,
Here is a staking plan that fits in with the stats you have given.
It will recover very quickly with only a small number of winners.
Seeing that you average div is approx $10

It can handle several runs of 24 outs, even if they follow one another after a single winner, which can & does happen in punting.

$550 Bank needed.
10 lots of of each group
1 2 3 4 5 6 7 8 9 10
e.g.
$1 x 10
$2 x 10
$3 x 10 ect

This allows for 100 outs.

We only need approx 3/4 the odds of level stakes betting to break even.
e.g.
30th bet would be $3 at 20/1 to break even as opposed to 30/1 at level stakes.

This may take 2 or more winners in your price range to clear the decks.
Where as one would still be behind at level stakes.


Repeat bet if a winner does not recover all outstandings.
I place ab "R" next to my bet when this occures so as to save any confusion.
We go to the next level up once we have 10 outs for that group.

Start at the beginning once all losses are recovered.

With this plan, one can recover the losses in almost half the No. of bets.
Allowing more opportunity & time to make a profit.

This plan should be looked at as a quick loss recovery plan as opposed to a profit making plan, there is a slight difference being the objective is to break even where possible & not push the envelop which is what most staking plans try to do & this is where most punters become unstuck.

I feel more punters have had their biggest losses following certain staking plans more so than following a set of selections at level stakes betting.

So the suggestion here, is if one is using any staking plan, start at the beginning as soon as all losses are recovered & dont push the envelop to make a pre ordained profit.
The profit will follow at a lower, but at a safer level of exposure.

Cheers.

__________________
Cheers.

thanks Bhagwan, but can you elaborate on that plan a bit as im not understanding it at this time (sunday morning, need i say more?)

had my 2nd coffee & read it again

so the 1st 10 bets are @ $1 ea
2nd 10 @ $2
& so on until winner is struck
then if in front start back at 10 @ $1
if still behind continue with current sequence - say i was at bet 6 of $4 sequence, my next bet is bet 7 @ $4 & continue going up the levels until in profit

ahh cafine, my one true love

Hi Stugots,
Sounds like someone spiked your drink with alcohol when you weren't looking.
I wouldn't drink there anyone.

You got the idea in one my friend.

If a winner is struck that does not clear the slate, repeat that bet, in the sequence, by placing an "R" next to it . We don't count this as an out in the sequence of 10 outs.
e.g. If there were 3 winners in a sequence of 13 bets say at $3 each, that did not clear the slate, we would go up one step to $4 because we have had 10 outs not including the winners, which should have an "R" (Repeat) next to them.

If 10 outs for that sequence, not including any winners, we go up the next step up.

Cheers.

__________________
Cheers.

I forgot to mention that if one wished for the staking plan to be more aggressive , one could continue with the 10 bet sequences, before moving up to the next step, win , lose or draw, not repeating any bets, until it is forced into profit.

Then starting again at the beginning of $1.

This strategy makes it recover even faster, but at a slightly higher exposure to risk.

One has 100 shots to make it happen.

It will recover faster than any level stakes strategy, if the winners keep popping up within the 100 bets.

One would need combined odds of 55/1 around the 100th bet to put it into profit, as opposed level stakes, which would need combined odds of 100/1 to get it to profit.


Cheers.

__________________
Cheers.

thanks for that plan Bhagwan,

ive been running it in conjunction with my usual 2% of bank non reducing & your plan has easily outperformed that method without much greater risk to the bank, max drawdowns during the period being approx the same

will continue running both until the new year & see where were at

i should add that betting such a plan of course means being hands on, must be around to adjust bet levels as required but as there are usually only 4-5 bet a day, when unable to spend the afternoon in front of my pc, i place all bets on within the current level.

that hasnt really hurt other than being 1 level below where i should have been when a smallish winner struck, different story tho if that 30/1 shot had hit.

there also was another run of 20 outs, so the max to date is still 24 with over 600 bets now, which has me thinking of adjusting your plan to 5 or 6 lots of 10 bets. if the bank breaks then start afresh, any thoughts?

It begs the questions.

What is the best staking plan for a $500 bank?

If playing the win-place game, what percentage should of the bank should be used?

What things to look for in the form guide to narrow selections?

Generally speaking , if one can work out what their average SR is say over 150 bets min.

Go to one of the theoretical expected runs of outs sites.
Then multiply that theoretical run of outs by 4

e.g.
Say ones average SR is 20%
The expected run of outs is 31 outs in a row.
That's not to say that one could have 1 winner then another 31 outs in a row, it can & does happen, so we allow for this by multiplying our 31 x 4 = 124

So we should be betting to 124th of our bank at level stakes.

Some stats.
This also applies to place betting as well.
70%---6 outs
60%---8
50%---10
45%---12
40%---14
35% ---16
30% ---20
25% ---24
20% ---31
15% ---42
10% ---65

Cheers.

__________________
Cheers.

124th, so that is for a $500 bank, $500/124 = around $4 a bet.