I think this flexi bet is only applicable to those who use STAB.

But it is an amazing tool.

A flexi bet can only be used on trifecta's/first fours and quaddies.

EG: Box 3 Trifecta costs $6
But you only want to spend $2.
$2 is 33.333% of $6 meaning, that if your selection wins, you get 33% of the payout.

If you want to box 4 selections, which normally costs $24, but you only want to spend $2.
Then you get 8.33% of the winnings. The advantage in this, is that you dont have to spend large amounts of money. The downside to this is that you dont get the dividend in full.

But your selections dont have to be boxed, I was just drawing a few examples. Basically whatever % you decide to bet of what the actual bet would cost, then that will be the % of dividends you are entitled to, if you selections win.




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So theoretically crash, it would be best for all of us to select one bet per week and spend what we would spend in a given week on that selection?

One bet per week, is better than two per week, two per week, is better than four per week. But in the end, our strike rate needs to stay the same does it not. Whether we need to win 15% of the time on our single bets placed once a week over a whole year. 52 bets. Or whether we place 10 bets per week, 520 per year, our strike rate would still need to be the same for us to make a profit.

Lets say our average winner is $8. We have a 15% strike rate.

Once a week bets:::

Selections: 52
Winners: 8
Layout: 52
Return: 64
Profit $12

10 bets per week:::

Selections: 520
Winners: 80
Layout: 520
Return: 640
Profit: $120

BUT we lay $1000 a selection on the One Bet Per Week. And we lay $100 a winner on the 10 Bets Per Week. And the profit ends up to be exactly the same amount.

Although the benefit of the 520 selections, is that we can at least recoup a run of 15 outs. A run of 15 outs in a 52 selection year, would well cause a fair amount of dilema's for those who might not be financially equip, nor mentally equip.

The benefit of one selection per week, is if you end up having a run of winners. Even 2-4 wins in a row. This would create quite a nice feeling I would imagine.

I find having more selections, gives me security in my mind. Theoretically I just need to win as often etc etc. Of course I am not ready to bet one selection per week and stake the same amount of money I would over 10 selections per week on that one alone.

Probability wise, would both scenarios not be the same? In the end both situations are only different in regards to a time frame. Well I think anyway.

And if we are to continually make a profit on single bets per week, then would we not need to learn how to make a profit over 520 selections? Because if we want to make a living for 10 years, we need to know how to make a profit over those 520 selections.

Or am I missing the point?

__________________
GO VOUVRAY

No Oaksnaf you haven't missed the point EXACTLY right.

PS. I asked my wife the same question as the name of this thread and she hit me with frying pan!!!! hee hee!

Oaksnaf,

[QUOTE=crash]The number of bets most punters have, has everything to do with what action level is the most pleasurable and comfortable. QUOTE]

Above is from my first post on the subject of this thread and this is what you have said in your last thread:

"I find having more selections, gives me security in my mind"

Essentially we are agreeing with each other --more bets = more emotional security --which truly is 'all in our minds', because we all like punting and the amount of bets we have has very little to do with best science and everything to do with how we feel.

There are very good reasons 1c poker machines are often banned in many places and flexi-betting [essentially the 1c poker machine of punting] should be banned for exactly the same reasons.
Interestingly, it has been introduced into the poorest state in Aust., just like 1c poker machines, which are to be found [mostly] in the poorest suburbs.

Both the 1c poker machine and flexi-betting, introduce the wost possible probability of winning and flexi-betting encourages punters to spend on the worst possible TAB take-out [25%+] bet, the exotic.

The question: 'one big bet or many small bets"? [also] has a mathematical side to it as well as an emotional one and it was worth pointing out here in my previous posts, because as with many things in life we do for both pleasure and/or profit, 'best practice' barely gets a look in. Like most other punters, I don't follow it either!

ubetido
Flexi bets are available at Vic and NSW TAB over the internet
(only for Trifectas, Quadrellas and First 4s as previously mentioned) and Yes you can have multi Tris such as 3x5x9 etc.
Opens up a whole new world that we couldn't previously afford, dont it
Cheers.... Mancunian

Hi

Yes on the surface it does appear to be an easy play but i think its still relative to what you bet and return so no better off really.

I would still look for value in the trifectas whatever medium i use. I like to split things up and knowing that the potential for a good collect is there.

In my own experience i have found there is a balance of
Outlay
value
field size
pay out

get that right and money flows its not about how many wins you get but what they pay and how much you outlayed overall that puts your nose infront.

Cheers
ubetido

__________________
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body,but rather to skid in sideways, BEER in one hand- PIZZA in the other, body thoroughly used up, totally worn out and screaming WOO HOO!

Outlay
value
field size
pay out

Being able to select the right horse[s] to back, helps a little bit too.

Hi Crash

Yes of course but you have to think a bit outside the box with trifectas. Otherwise the divis versus real winning chance won't work from my point of view.

What is better do you think to take less in the market selection say 10 times

or one multiple combination.

By this i mean
say 2 to win 2 for second and 4 for 3rd in the market horses x 10 times say.
cost $4 *10= $40

dividend say $55 return $550

or
outlay same amount on a combination of say 2*6*6 with more strategically placed combinations with
potential of $1000+

As you know i post ratings on here at times but i dont use the ratings to find the winner i use them to find the trifecta.

Cheers
ubetido

__________________
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body,but rather to skid in sideways, BEER in one hand- PIZZA in the other, body thoroughly used up, totally worn out and screaming WOO HOO!