New Posts For Thread: Help with staking system required..apply within..https://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-withinHello. After using Betfair for 5 years with no success, I have stumbled upon a successful strategy.It is on horse each way markets, every selection below 1.66. There are strict filters/conditions applied to all the selections.After 350 races, I turnedefault first choice should be Kelly or viarient, followed by level stakes, followed by getting better at picking winners.https://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462387313#462387313default first choice should be Kelly or viarient, followed by level stakes, followed by getting better at picking winners.Wed, 18 Aug 2010 02:10:30 -0500EscapeeWhilst I agree with you re Kelly on any particular bet, it is certainly possible to use Kelly with a system. I do it, and I do successfully.I would also say that the purpose of a staking plan is to optimise maximum gain against probability ofhttps://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462303221#462303221EscapeeWhilst I agree with you re Kelly on any particular bet, it is certainly possible to use Kelly with a system. I do it, and I do successfully.I would also say that the purpose of a staking plan is to optimise maximum gain against probability ofTue, 17 Aug 2010 13:25:11 -0500Kelly has to many flaws to be of any practical use in horse racing.a) It relies on knowing the edge of each individual bet to calculate the stake for said bet. In reality this never known to any degree of accuracy.b) The stake size varies according thttps://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462293901#462293901Kelly has to many flaws to be of any practical use in horse racing.a) It relies on knowing the edge of each individual bet to calculate the stake for said bet. In reality this never known to any degree of accuracy.b) The stake size varies according tTue, 17 Aug 2010 12:30:43 -0500Uncle HoThe optimal way (mathematically proven) to grow your bank is using the Kelly formula - or a variant. I suggest you read up on it. There are some challenges applying it. Otherwise a fixed percentage of your bank. Without analysing your numhttps://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462251005#462251005Uncle HoThe optimal way (mathematically proven) to grow your bank is using the Kelly formula - or a variant. I suggest you read up on it. There are some challenges applying it. Otherwise a fixed percentage of your bank. Without analysing your numTue, 17 Aug 2010 06:32:31 -0500''longest losing runs'' are there to be broken, and don'thave to be consecutive to be ruinous. Beware.https://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462250189#462250189''longest losing runs'' are there to be broken, and don'thave to be consecutive to be ruinous. Beware.Tue, 17 Aug 2010 06:18:35 -0500I know the advice is to stick to levels but I sometimes wonder if this is turning into a cliche.There are a lot of variations that could be tried once you have confidence in your longest losing run statistics.https://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462241573#462241573I know the advice is to stick to levels but I sometimes wonder if this is turning into a cliche.There are a lot of variations that could be tried once you have confidence in your longest losing run statistics.Tue, 17 Aug 2010 03:59:00 -0500Can anyone suggest a decent staking plan which is not a loss recovery system? Not too risky, but offering good growthStaking plans don't work, progressive or regressive IMO as you are then betting on the sequence of results, as well as the results thhttps://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462239797#462239797Can anyone suggest a decent staking plan which is not a loss recovery system? Not too risky, but offering good growthStaking plans don't work, progressive or regressive IMO as you are then betting on the sequence of results, as well as the results thTue, 17 Aug 2010 03:21:12 -0500Hello. After using Betfair for 5 years with no success, I have stumbled upon a successful strategy.It is on horse each way markets, every selection below 1.66. There are strict filters/conditions applied to all the selections.After 350 races, I turnehttps://community.betfair.com/general_betting/go/thread/view/94082/25641449/help-with-staking-system-requiredapply-within?post_id=462208325#462208325Hello. After using Betfair for 5 years with no success, I have stumbled upon a successful strategy.It is on horse each way markets, every selection below 1.66. There are strict filters/conditions applied to all the selections.After 350 races, I turneMon, 16 Aug 2010 20:24:36 -0500