Merrigy

I'll get the sums out later and show basicaly the costs for the 2nd bet. Might be later in the day, have stuff to do.

No it did not cost that much, no where near that amount depending on what you set out to make, or the "target" for the day.

Percentages do play a key role,but what i wanted to show here is an example for those asking on staking plans. There are many,(staking plans) but I believe it is not just selections and staking plans, it goes one step further, and it's strategy controlled by percentage limitations AFTER one has figured out their selection and bet management processes. After the strategy is figured out, then the "cycle" is nearly complete.

this will keep those that are interested busy for a while.


20040721 AR01-11-8-1-6

race start: 12.00 NSW
prices at : 11.59.31 NSW

11 paying :4.20
8 paying :66.10
1 paying :17.00

make 100
cost:?
LOST
return : 0
=====================
next,
20040721-AR02-1-4-9
race start : 12.35 NSW
prices at : 12.34.31 NSW
1 paying : 1.90
4 paying : 3.50
9 paying : 23.50

make : ?
cost : ?
WON
result :4 payed 4.00
next bet: y/n
make ?
======================

MEADOWS (GREYS)
20040721 RACE 2
3-6-2
race start : 12.42 NSW
prices at : 12.41.31 NSW
3 paying : 11.40
6 paying : 6.40
2 paying : 7.60

make : ?
cost : ?
result: 4 payed 7.30
lost :
return : 0
======================
next race......., ?

Well, Puntz, using your figures, the cost of winning $155 at those prices for the second race would be $911 (rounded on UniTab). Still a lot to (maybe) win $155.

Leaving out the fav. (which didn't win) it would have been an outlay of $76 (rounded on UniTab). This is, of course, a much better proposition; but, if one of the two had not won, then you would have been seeking $231 with your next bet to win overall $100. When do you stop ???

[ This Message was edited by: puntz on 2004-07-25 11:26 ]

Well I would like to see your calculations, Puntz. Here are mine:

No 1 @ 1.90 Bet $561.58 Return $1067.00 Up $155.16
No 4 @ 3.50 Bet $304.86 Return $1067.01 Up $155.17
No 9 @23.50 Bet $ 45.40 Return $1066.90 Up $155.06

Total outlaid: $911.84

Puntz,
.au after the .com

OK
bet 2:
we lost in bet 1 to make 100 and the cost was in this case 55
we still want to make our 100 for the day.
So now we need to make 155

1.90 = 123 units
3.50 = 67 units
23.50 = 11 units
total units = 201

4 won and paid 4.00, return
67 multiplied by 4 = 268

less 201 cost, profit, 67

had the fav won,if it paid 1.90 * 123
this equates to : 233.70
less cost of 201.00 ,profit 32.70

Puntz,
Got it

Yes..............But you've moved the goal posts, Puntz!!

summary:
A minor correction,
Quote:
"The cost of bet 2, and it won, recovered the previous cost, and made me the target of 100"

No, it may have not achieved the target of 100, infact I was looking at the wrong column of the spreadsheet, the "what-if" column.An oversight. Aplogies to the purists, if due.

However,the bet proceeded due to the fact a profit could be reached with a runner paying as low as 1.90 had it won.
This particualr bet was not a risk,but bordered on the "bet" or "no bet" due to the fact it had a 1.90 selection, AT THE TIME OF SENDING THE BET.
Starting Price means very little to make calculations and comparison because in reality there is a space of time required to place the bet. So in my opinion many many calculations using starting prices may be,wrong?

A profit so far for the day was reach of approximately 30.00
The next bet is to make 70
Therefore, the cost would be much lower again.

To bet around 911 units, it depends on the size of the bank and what percentage of that bank one chooses to wager to make 1500 in my books.
Calculations tell me the bank would be around 20,000.00 to risk those amounts.

To start as small as targeting 100 per day, you would only may require a start bank of 1000 using a,"simple" system.

Selections,Staking Plan, and YOUR strategy.

[ This Message was edited by: puntz on 2004-07-22 17:07 ]