Can anyone explain this: I came across and old PLACE staking plan submitted by Bhagwan, bet in succession 1,2,3 etc. revert back to 1 unit as soon as a divi of $1.60 is struck.

Now, I have been working on a revamped place plan with heaps of action, after 489 bets it is showing 2.49% POT (best tote) with a S/R of around 58% I was starting to get interested in that as it is, but thought I'd just run that Bhagwan plan over it just for fun.

Came up with 102 units profit which is 7.18%. POT

I'm perplexed as that defies my own assertion that increasing stakes will not better a level stakes profit (or loss)

Any input?

I was always under the impression that done for long enough it will always magnify the original result, be it positive or negative.

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

Well, so did I , that's why I am surprised. I guess 489 bets is not enough, maybe I'll take it 1000 b4 any cash is involved. interesting though, I run it over another plan with 10000 results which showed a LOT of nearly 8% (b4 applying filters) and with the Bhagwan thingo it reduced the LOT to 3.8%, so it's me that is still a "loss" (pardon the Pun)

could you point to the thread Party?
The significant of a $1.6 divi escapes me, unless there was a stipulation on the lowest odds acceptable?

Knowing the rules it can be tested on any system winning or losing, but I agree with twobets and your initial reaction.

That might take me a while but I'll get to it, but my summation is that as roughly 60% of Favs. are placed then one would presume that a divi of $1.60 would break even? don't know just guessing?

Seems odd.
If you lose 1+2 units and then hit a 1.60 divy on the 3 unit bet you will be behind on the sequence. It gets worse as you go up the sequence.

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Dear Lord
Please let me break even. I need the money.

G'day Speedy, yes but I guess the thinking was that given the high S/R you would get some returns from those placed @ below $1.60, eg 1L, 2L 3 W$1.40, 4W 1.2, 5w$1.69 Stop

apologies to all, upon reading it again it appears that I omitted some important points, here it is again:
Hi all
Does anyone or Bhagwan recall this place staking plan and more details.

Quote:
if you can get selections with a strong place strike rate, this staking method posted in the Horse Racing Forum on August 6 by "Bhagwan" looks very interesting."
"Here's a plan that can work on the right selections.
1st. bet $1
2nd. bet $2
3rd. bet $3 etc.
Each time you strike a place getter at $1.60+, go back one position. If the placegetter pays less than $1.60, repeat the bet.
You will need a bank of $210 for a run of 20 outs. You need to have a strike rate over 50% to make this work...."
Regards

Yes. That makes more sense.

__________________
Dear Lord
Please let me break even. I need the money.

even more perplexed now as my mucked up interpretation of the "rules" actually performed BETTER than the Bhagwan version,.... by the way does anyone know what happened to Bhagwan,.... I presume he dropped off the "perch" ?