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#11
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If target betting (or progressive staking) one can lessen the effect of a losing run as follows: say you are betting race to race at each meeting, so instead count one days betting as 1 bet. eg. say progressive betting (top of my head) 1,3,5,5, 8,8, etc etc, so day one =1 unit /8 races =1/8 of a unit on each, say no profit for the day so day 2, = 3 units/8 races = 3/8 of a unit on each and so on, reverting back to the starting point after a win for the day.
Of course you still need a selection method that shows a level stakes profit or leave your cash in the bank. |
#12
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I am a firm believer in the "Cluster Theory of Life". Occurences, including winners in your latest betting system come in clusters.
There have been three shark attacks in as many days, and all of a sudden there is mass hysteria. A check of the stats shows that overall there are no more or less shark attacks than previous, just a cluster of them. Which for system bettors is the reason you should have confidence in your system. If you have tested it for a long enough period of time, you should have confidence that you know what its strike rate is. If it is 30%, you know that it may go as high as 40% or as low as 20% on occasions but it will always return to the 30% and you can adjust accordingly. Darky I have also read plenty of Malcolm Knowles stuff but the I think the "Power of Ten" fails because it expects average dividends to perform consistently as strike rates for winners do. Strike rates will always be consistent over time (ie: win % of favs) but I don't think the same can be said for average dividends, they can go right off. Jeez I better get off before I bore people. |
#13
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Hi Top Rank
I agree with your findings when it comes to av divs. Its always a bugbare for system users where their SR is consistant but the average div seems to drop at some stage , resulting in a break even or slight loss, instead of the previouse history of a profit, but with exactly the same SR....frustrating. It also reveals how important it is to get the best price where possible & the single stand alone TAB is not one of then. Cheers
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Cheers. |
#14
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It may be because I've a head cold and me heads not working as it should, anyway below you say
".Remembering to stop betting for that batch once a winner is struck" Do you mean if for eg, Melb r2#2 wins, then I go straight to Batch 2 starting with Syd r1#1? Do I ignore Melb R3,4,&5 or do I start the next Batch with Melb r3#3 eg Batch 1 sel Melb r1#1 r2#2 r3#3 r4#4 r5#5 eg Batch 2 sel Syd r1#1 r2#2 r3#3 r4#4 r5#5 Thanks Bhagwan I do like the staking and selection plan of yours. Cheers, Mike Quote:
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#15
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Sorry I've just reread you post..
Start a fresh batch of 5 horses, leaving the un-bet horses behind from the previous batch, once the winner is struck My heads working better today Thanks, Mike |
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