Crash,
After 3524 posts one would think that you are experience enough poster to accept
good contributors opinion, but NO you just like to knock people specially Bhagwan
You would have to be an idiot to go into any gambling without good staking plan.
Let me tell you this Bhagwan has plenty of ideas more then you ever will, and I bet my, you no what, that his bank account would be superior too yours any time if one campers your posts and his regarding knowledge in racing.
I honestly think that you never ever put the bet on the horse, all you do is sit on the front of computer and wait as a vulture for someone to post so you can start your
silly comments. Haven’t you got anything better to do? You have problem mate.
This forum is about passing ideas to one and other,not knocking as you always do.
It must be the Gippsland weather that gets you in bad mood most of the time of the year.Come to sunny Qld,and get your life back to normal.
You will have more friends.

But isn't it great that we can all get so passionate about it. That's a healthy sign.

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

You finished your [embarrassing] god worship of Bagman and the personal insults to me or would you like another large post to get it off your chest?
Perhaps if you ask him nicely the Bagman might blow you a few kisses to make you feel better.

For starters, I'm not knocking the Bagman [Bagman is another name for a bookie. A friendly nickname, not a put down] at all and he [at least] knows it and by 'staking plan' you mean what? Progressive staking as presented in this thread?
If so, well along with the Mathematician's I and no doubt most other punters prefer to stay 'idiots' [your words].

Your very personal attack say a lot more about you than me as a contributor to this forum.

As for 'come to sunny QLD'. well I grew up there. Perhaps that was my big problem?

My two cents

I believe both, a betting staking plane can work if you have a regular strike rate and ave. price.

And yes if you don't get your regulars and have a run of outs you will loose. (this is why we have a stike rate and ave. price so we don't loose)

All because something is Mathematical doesn't mean it is going to happen. It may happen today, tomorrow or in 100 yaers.

Chears

its clear to me that a good cab shazing would fix everything......

?????

Good idea. I might do just that [I don't think they have made it to QLD yet though] :-)

Thanks for you kind words Baco.

I told you I could smell burning finger tips.

This happens every time that word "Staking" is brought up.

Why did some one have to bring up that word ?
"Slooowly I turned....inch by inch...& then I throttled the life from them till they lived no more !"
(Abbot & Costello)

People get cranky.
Me think that mazing.

Cheers.

__________________
Cheers.

My personal opinion - staking plans work over limited time, they have a "use by" date, you just don't know when that date is.

If you're prepared for the extra risk to make extra profit, then away ya go.
It isn't for me.

If you can get a positive POT over a decent number of bets, there is no need for a staking plan, nor extra risk.

A good staking plan is great at hiding the end result, but when that end result pops up (the average dividend and strike rate), it will magnify ether the loss or profit.

I've never found a staking plan that could outperform level stakes over many thousands of real time bets except for staking to overlay.

__________________
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All,

I am going to run the results for as long as it takes to either proves this works or doesn't work.

Todays selections where Res of 1 means a win and Res of 0 means a loss.

Rather than taking a double bank method which i tested against I think this is good enough to work on a day by day basis and that makes it easier for me to post so based on that I will do the following:

For progressive:
If in profit at end of day : Take profit and start a new bank
If showing loss at end of day : Continue using same bank for tommorrow or till bank busts.

For level stakes : Start new bank every day as it doesn't matter.

Todays results Backing:

Odds Res Level Stakes Running Profit
1000 1000
4.8 0 990 990
2.22 0 980 978
4.1 0 970 964
2.44 0 960 948
2.66 0 950 929
2.58 1 965.8 963.76
1.7 1 972.8 974.96
2.7 0 962.8 960.96
2.56 1 978.4 987.48
3.15 1 999.9 1013.28
4.4 0 989.9 1003.28
4.2 0 979.9 991.28
2.6 0 969.9 977.28
2.96 1 989.5 1008.64
2.64 0 979.5 997.64
3.5 0 969.5 984.64
2.68 0 959.5 969.64
3.8 0 949.5 952.64
3.55 1 975 1003.64
3.3 1 998 1031.24
3.55 1 1023.5 1056.74
2.36 0 1013.5 1045.74
4.6 0 1003.5 1033.74
1.45 1 1008 1040.04
3.3 1 1031 1069.94
3.3 1 1054 1095.24
2.94 0 1044 1084.24
3.05 1 1064.5 1110.89
4.9 1 1103.5 1153.79
3.7 0 1093.5 1141.79
3.45 0 1083.5 1127.79
4 0 1073.5 1111.79
4.8 0 1063.5 1092.79
2.96 0 1053.5 1070.79
3.4 0 1043.5 1045.79
1.58 0 1033.5 1020.79
4.8 0 1023.5 995.79
3 0 1013.5 970.79
2.26 1 1026.1 1002.29
6 1 1076.1 1187.29

Todays results laying:
Fav Price Res Return Level Stakes Running Profit
1000 1000
4.8 1 0 1009.5 1009.5
2.22 1 0 1019 1019
4.1 1 0 1028.5 1028.5
2.44 1 0 1038 1038
2.66 1 0 1047.5 1047.5
2.58 0 1 1031.7 1031.7
1.7 0 1 1024.7 1022.6
2.7 1 0 1034.2 1036.85
2.56 0 1 1018.6 1018.13
3.15 0 1 997.1 985.88
4.4 1 0 1006.6 1005.83
4.2 1 0 1016.1 1021.98
2.6 1 0 1025.6 1036.23
2.96 0 1 1006 1012.71
2.64 1 0 1015.5 1027.91
3.5 1 0 1025 1041.21
2.68 1 0 1034.5 1052.61
3.8 1 0 1044 1063.06
3.55 0 1 1018.5 1035.01
3.3 0 1 995.5 1000.51
3.55 0 1 970 946.96
2.36 1 0 979.5 975.46
4.6 1 0 989 999.21
1.45 0 1 984.5 989.76
3.3 0 1 961.5 936.86
3.3 0 1 938.5 863.26
2.94 1 0 948 905.06
3.05 0 1 927.5 829.21
4.9 0 1 888.5 634.21
3.7 1 0 898 712.11
3.45 1 0 907.5 777.66
4 1 0 917 832.76
4.8 1 0 926.5 879.31
2.96 1 0 936 918.26
3.4 1 0 945.5 951.51
1.58 1 0 955 979.06
4.8 1 0 964.5 1002.81
3 1 0 974 1022.76
2.26 0 1 961.4 1001.34
6 0 1 911.4 896.34

Day 1 Backing Progressive : $1.23 Profit
Day 1 Laying Progressive : $121 Profit
Day 1 Backing Level Stakes : $-90.70 LOSS
Day 1 Laying Level Stakes : $76.70 Profit

Day 2 Backing Progressive : $187.29 PROFIT
Day 2 Laying Progressive : $ -103.60 LOSS
Day 2 Backing Level Stakes : $76.10 PROFIT
Day 2 Laying Level Stakes : $-88.60 LOSS

Overall :
Backing Progressive : $188.52 PROFIT
Laying Progressive : $ 17.40 PROFIT
Backing Level Stakes : $-14.60 LOSS
Laying Level Stakes : $-11.90 LOSS

WOW look a losing level stakes system is in profit ... OH MY ...

The reason backing and laying are both in the negative for level stakes is because the 5% commision has already been taken into account on all winning bets.

Oh and max bet is 10% of starting bank (or $100).

Good Luck.