RE: Horse racing Tips29 Aug 2015 07:55
profitseeker. You have not understood my staking system, which also has a stop loss built in to prevent huge unmanageable losses being built up.IT DOES NOT INVOLVE DOUBLING UP. That is a recipe for disaster very quickly and should NEVER be done. Starting with a pound as the first bet SDS's longest losing streak is 18 races since the 24 June and would have meant accumulated losses of £16,383 and a bet of £16,384 to be made on the 19th race meaning one would have needed a bank of £32,766 to place the 19th bet, if a bookie took the bet. If that had lost then the next bet would have been £32,768 meaning a bank of £65,534. After that the stakes get really silly meaning one would have needed a bank of over a quarter of a million to place the next bet. Even with my staking policy of £10 win stake each and every bet with top ups to recover losses would have meant having a bank of £3,137 and a stake of £705 to win a paltry £35 on the 19th bet but recovery of all past losses. This clearly is unmanageable for me hence a stop loss policy which includes no bet to be included in the recovery process where odds are less than 2/1. Without a stop loss that meant having a bank of £997 and a bet of £223 which for me is manageable but a little scary. With a stop loss introduced it meant a bank of £232 and it took 5 more winners to fully recoup the losses before hitting the accumulation of profits again. Sounds complicated but it isn't as long as one does not bottle out. I have a similar staking plan for Cathy to win £100 per each of her winning rides but that can get scary too without a stop loss built in. I bottled out recently and reduced the win to £50 from 100 for the next bet and she only went and won that ride. GLA