Staking Plan

[philuk]

Hi There

I wonder if somebody can please help me with this staking plan.

I will try and make it as simple as possible :

Race 1 : Lay horse 3 at odds 4.0 for £1.00 ( horse came third +0.95 )
Race 2 : Lay horse 1 at odds 5.0 for £1.00 ( horse won -£4.00 )
Race 3 : Lay horse 2 at odds 3.5 for £6.00 ( lost on last race £4 + needed for last race £1.00 + neede for this race £1.00 ) ( Horse came 1st again )
Race 4 : Lay horse 5 at odds 3.0 for £18.00 ( Lost on last race £15 + needed for race 2 £1.00 + needed for race 3 £1.00 + neede for this race £1.00 ) ( Horse came 2nd + 17.10 )

Shortly said :

* I took £1.00 as an example bet to win on each race.
* If the horse came first then stake only the loss on the previous race plus the stake needed for that race and this race.
* If you get for ex. 3 losses in a row only stake the loss of the previous race plus £4.00 ( the 3 losses each at £1.00 and for this race, )

hope this is clear enough.

If you can help please let me know.

Thanx

Philip

[doris_day]

Have you applied this plan over the longterm and is it more effective than level stakes or another staking plan ? If I were you I'd get something like The Staking Machine to try it out with and see what you get. In my own experience too many people believe staking plans will somehow magic a profit even though they are running with a longterm negative expectation.
Software such as The Staking Machine can be useful eyeopeners to the reality of staking plans.

[milfor]

Chasing losses (increasing stakes after a loss) is the most common way to lose the entire bank because it's only a question of time when the 'black day' will come.

[xraymitch]

Have you applied this plan over the longterm and is it more effective than level stakes or another staking plan ? If I were you I'd get something like The Staking Machine to try it out with and see what you get. In my own experience too many people believe staking plans will somehow magic a profit even though they are running with a longterm negative expectation.
Software such as The Staking Machine can be useful eyeopeners to the reality of staking plans.

Excellent advice Doris as always