General Betting
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You can make long term profit with a good staking plan even if you dont have an edge.
I have been told this is true.
I have been told this is true.
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Replies: 26
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Only if you have an unlimted bank and I mean unlimited and as none of us have forget it..
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Like the guy says forget it. It can soon mount up from very small stakes & break your bank very quickly.
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How does this staking plan work?(is it doubling up with an unlimited bank till you win)
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There is no staking system that can turn an unprofitable system (to level stakes) into a profitable one. The laws of probability do not cease to exist just because you want them to.
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Can't agree entirely with the last assertion as it is possible to turn round a small loss into a 10-15% profit depending on the prices and sequence of the winners in my experience.
Careful evaluation of the winning bet % and medium term average price of the winners is a helpful study. |
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It is true. You have to sell it on ebay and not use it yourself.
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Any staking plan is only a collection of bets at different level stakes.
eg. A plan to double up until a winner. Run the plan a few times and you still end up with so many bets at level stakes of 2 plus so many level stakes of 4 etc. Some of the 2pts bets will win and some lose and you will have a profit or loss at this level. Some of the 4pts bets will win and some lose and again a profit or loss. You are hoping that your winning level occurs at a higher level to cover your losses at lower levels but there is no reason why any level should be profitable if your selections aren't able to show a profit at level stakes. |
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bix is absolutely correct.
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I agree Bix is absolutely correct. Progressive or regressive staking can turn a level stake winner into a loser and vice versa, but then so can random staking. Find some sort of an edge and bet or lay according to how you feel about each bet, and your stake shouldn't be dependent on the previous result.
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So if your edge is a minus (say 5%) you cannot win no matter how good you staking plan or how large your bank.
Is that right? |
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the RETIREMENT STAKING PLAN is the best out there .
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sounds good
what is it? |
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So what's the point of staking plans?
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Staking plans are ok till the inevitable losing sequence comes along, cos you are betting not on your picks, but the sequence of winners and losers. There was a staking plan called the 11.22.33 system well touted on here about 18 months ago, but the promoter of it almost managed to turn a good level stake profit into a loss, despite warnings of the fragility of it. GL.
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ken its new year plz post something positive,throw us a crumb
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Any staking system that relies on a sequence of wins/losers is doomed to fail.Not only are you betting against others in a race - but also whether a certain sequence will occur. Forget it.
Only system that works is level staking - or a variation, where you stake a %(small) of your total bank.Increase stakes as bank increases. DO NOT DECREASE stakes. |
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ibrox, bet against the Exchange market moves in League footie matches in the couple of hours prior to kickoff, providing you have a good opinion on the right prices.
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bix is onto it. The same reasoning applies to roulette.
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It is of course possible for anything to happen over the short term and so any staking system could potentially return a profit where the backer does not have an edge. The perfect example of this would be roulette. The house has an advantage, but in the short term it is possible to make a profit. Any sequence of events may unfold as the wheel spins through the night. However, over the longer term the haphazrd nature of these sequences will even themselves out and the side who has the edge will win out eventually. The mathematics of the situation dictate it.
Personally I back 1% and lay to a liability of 1% of bank. Some may consider this conservative, but the key for me is to be alive for tomorrow should a complete disaster unfold in any given day. At the same time, if I have a good day I still feel like it has been worth the effort. |
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Personally I back 1% and lay to a liability of 1% of bank
DaveEdwards, do you bet the same stake irrespective of price ? |
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Haha, I would have backed 1% of my bank on that question coming Ken!
Yes I do. I know there is the question of altering stakes to win a certain amount or maintaining stakes and accepting whatever return is available. It all comes back to what works for the individual. In my case I'm a bit temperamental and I'm aware of this. If I lose 1% I maintain my equanimity. I wouldn't go less as it wouldn't be worth it and if I lose more I may have a wobbler. In the past I've chased and paid the price. It isn't something I want to repeat. It works for me. |
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A simple answer would have been ''yes, I do''!!
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MARTINGALE CAN NEVER EVER LOSE
FACT |
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Pip, I refer you to the post by bix at 18:56
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?
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The laying 1p at 1.4 system has never let me down yet ;)
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