RE: Horse racing Tips31 Aug 2015 10:17
EMBLAZE1 good morning. It's certainly raining heavily here today in Surrey. As Harry says lots of non runners and upsets on days like this. I like your way of thinking when selecting your bets. My strategy however takes no account of form. How many favorites get beaten, including odds on? Quite a lot. How many upsets are there at long odds? The answer is not that many but my observations lead me to conclude, surprisingly enough to make a profit. The biggest problem in not losing one's pot or not increasing it is all the losers. That's why I introduced my recovery of past losses into my staking plan.NOT DOUBLING UP as that can be a recipe for disaster, but trying to recoup them based on the next selection's odds. As in spread betting the key is not to oversize one's stakes. At your level of stakes my win £10 per winning bet may suit you when using it with SDS the statistics of which are as follows.
Month ended 24 July 2015. 34 winning rides = £340. If one excludes 3 odds on winners 310. Maximum fund required for losing streak £74.32. If odds on bets are included maximum fund would have been £113.96 which is why odds on bets are excluded.
Month ending 24 August 2015. 29 winning rides = £290. If one excludes 3 odds on winners £260. Maximum fund required for losing streak £237.80. 18 losing rides on the trot. That is when I extended the no bet to include odds of up to 2/1 if it fell in the middle of a losing streak. At the beginning is ok or if the stakes are low. If that had been done then the maximum fund required to fund that losing streak would have been £143.40. If odds on bets are included maximum fund would have been £289.18.
Month ending 24 September 2015 so far. 5 winning rides = £50. If one excludes 1 odds on winner £40. Maximum fund required for losing streak £64.27. If odds on bet is excluded maximum fund required is £27.72 which is the reason why odds on bets are excluded. I still do bets of evens up to under 3/1 but as single bets outside the strategy at my standard bet size of £10 win. Should they lose they are added to the losses within the strategy to be recovered fronm the next winning ride. In your case that could be £3 to £4.
Give it a go on paper or use the goal of winning £1 per winning bet for real but that might be too low if one had a bet where the odds were 100/1 as I believe the minimum bet these days is 10p that's why I use the minimum goal of £10 per winning bet. If one makes the goal £100 per winning bet then multiply all the above by 10. BTW all bets are to win no matter what the odds. Doing them each way makes it too expensive. If one raises the amount to win from £10 then a stop loss policy would have to be considered and a slightly different staking policy introduced thereafter until all losses have been recovered. p s taking betting decisions based only on form precludes bagging those big priced winners.GLA.