Now much is made of POT (Profit on Turnover) as a measure of the success or otherwise of Ratings, Systems, Performance. For me, the MORE important consideration is POS (Profit on Stake)

We start each betting day with a stake. An amount we should feel slightly uneasy with if we lose it but more than happy with if we double it as profit!
In the attached sheet, based on actual bets placed yesterday, is a set of bets placed using a theoretical $500 initial stake.

As the day progresses we are doing quite well but take note of how the more you bet the more your POT decreases. If we set a target: that we want to double our stake, we should have stopped betting after bet 4. The punting Gods smiled on us and gave us another 6 opportunities to quit, but we ploughed on!

Then we started to hit the inevitable losing patch, had a choice to quit for the day or start implementing loss recovery by increasing stakes. NOT GOOD. We were given another opportunity to quit at bets 15 -17 but we ploughed on to be hit with another loss. We took a punt and increased our stake 10 fold, which paid off! At the end of the day we achieved our POS target for a measley 3.3% POT and had a free rollercoaster ride at Luna Park.

On another thread the question was asked, "When to Quit?". My answer is,"When you achieve your POS!".
Have a great day, RP

Attached Files

POS.xlsx (12.8 KB, 849 views)