After years of messing around with system ideas I have what I regard as a very solid system. In all my tests it makes a handsome profit. 480 test races yielded a whopping $648.40 on wins and $490.50 on places and whatever batch of samples I try it continues to pay. Longest run of outs = 9. Average of about 3 bets per day. Lots of winners around the $5 mark.

Can anyone suggest a creative approach to staking to go with this system? I'm usually a level stakes man and I'm very wary of loss chase systems, but I am so confident with this one I'd like to try a staking strategy to accelerate the profits. It's not that I'm greedy, but when you hit upon a winning system like this its time to cash in on it and make up for all the dollars squandered on the bad system ideas I've pursued.

Can anyone suggest anything that can beat simply increasing my bet size at level stakes? (I don't have the capital to increase bet size much, so I'm looking for a fancy staking manouvre instead.)

Any suggestions appreciated.

Hermes

Hi hermes
I read your post with interest and can't help posting a reply.
you post such a good profit and are not greedy by trying to win more, you are kidding ofcourse.
I do have a plan for your predicament and I was about to post it here when I realised that you are not keen on a loss chase system.
you will have to make up your mind if you want to bet level stakes or another plan which unmistakingly will be a loss chasing plan.
The results you post should not have any adverse effects by just multiplying your bets gradually, so this week you bet a minimum of a $1 bet and next week $2 and then $3 and so on.
But maybe your figures are only good as you say , in tests and when the money actually goes on it could change, this usually happens because murphy is waiting for you to get your emotions to be involved and mess things up.
Think about it.
regards BERT

Hermes...this is the only stakeing i would recomend "Bank Percentage Bet" if you have a bank of what ever you have we will say $10.000 what you do is bet say 2% on the win if you are betting place say bet 5% or if you are betting E/W bet 1%/4% total 5% for example on a $10.000 bank your win bet is $200 when your bank doubles you recalculate your bet so when your bank is at $20.000 your bets are $400 very simple and very safe

hermes,

By my calcs you are showing $1.35 a race average profit for the win with a biggest run of outs of 9.

On the place you are showing $1.02 a race profit which is not significly less.

I dont know your place strike rate but would imagine would be very high.

My suggestion on the staking is the same as the other posts here flat stake it to your bank, but back the place only, as you won't get the run of outs which destroys your train of thought, and you will remain confident as you are getting constant returns.

The advantage of place is with the strike rate you must have you can safely bet to 10% of your bank, and you are not losing the 1 unit waiting for a winner.

If you bet 10% of your bank and your method holds up I guarantee after a month you will be shaking your head how much your bank has increased.

Just my thoughts

Good Luck

Kenchar

***_The 9/4 SATKING PLAN_***

WOULD YOU LIKE TO BREAK EVEN EVERY TIME YOU BACK A WINNER AT 9/4,OR ABOVE, AND SHOW PROFIT ON ALL WINNERS WHO GET HOME AT MORE THAN THAT PRICE?
YOU ADOPT A PROGRESSIVE STAKING APPROACH AS FOLLOWS
2-2-2-3-4-5-8-12-17-24 AND 36 UNITS
A UNIT CAN BE ANY AMOUNT YOU LIKE. IF YOU HAD 11 SUCCESSIVE LOSSES YOU WOULD LOSE 115 UNITS. A WINNER AT ANY STAGE WILL RECOUP ALL LOSSES AND YOU WILL GET A PROFIT WITH A WINNER AT 5/2 AND ABOVE.
IF YOU BACK A WINNER AT LOWER THAN 9/4 YOU SIMPLY REPEAT THE STAKE INVESTED FOR THE NEXT BET. WHENEVER YOU GET INTO A PROFIT SITUATION OF TWO UNITS OR MORE, YOU GO BACK AND START A NEW SERIES.
IF YOU DO STRIKE 11 LOSSES IN A ROW, START A NEW SERIES. MY ADVICE, THOUGH, IS THAT IF YOU GO FIVE STRAIGHT LOSSES AT ANY ONE TIME, NO MATTER WHERE IN PROGRESSION, YOU SHOULD RULE OFF AND START A NEW SERIES.
THIS IS A GOOD METHOD FOR BETTING SOUND,SENSIBLE SELECTIONS. NOT WILD LONG SHOTS! STICK TO ONE OR TWO BETS A DAY AND MAKE THEM SOLID SELECTIONS

Many thanks for the feedback on this. I see the problem as how to get around the disadvantage of starting with small capital. The advantage here is a solid selection method. So I'm prepared to try less conservative staking strategies in order to try to get the small initial investment to multiply fairly quickly. In all gaming those with an initial large investment have an advantage; small fry like myself have to find creative ways to overcome that disadvantage. Lots of ideas on this forum.

Thanks again

Hermes

Hello Hermes,

with a fairly small capital, I would suggest that you bet using a very simple percentage of highest bank, non-reducing.

Go through your results and work out a cashflow based on $1 bets. Note each time the bank reaches a new high, and then note the largest drawdown from each new high. If your maximum drawdown is $50, then you need at least a 50 unit bank, preferably an 80 or even 100 unit bank. If you decide a 100 unit bank, then set your bank aside and bet 1% of the highest bank, non reducing.

This means that as your bank increases, you increase your bet size, but don't decrease the betsize as the bank decreases. It's relatively safe, especially if you've set the bet size correctly, and allows you to increase your bank quite rapidly when the winners come along.

I use this method on all my systems, and if your system is profitable, the bank builds quite quickly.

Cheers,
Chris.