building a bank

try level stakes i suppose

Bricks & cement

You've been on here for nearly 6 years - I'd suggest that if you haven't worked it out by now, it's unlikely that you ever will.

Try google!!

You will need a safe too!

Crucial part of your plan

some good hints on this link.

http://www.youtube.com/watch?v=egT8-06AcSY

LEVEL STAKES betting = a guesser

Oppppppppppssssssssssssssssss


Sorry tobermoray................not referring to you.....just anyone who backs or lays to gain the same level of profit on a LAY ...or to same liability on a LAY...or backs same stake son a 20-1 SP shot as they would on a 2-1 shot etc etc

No account being taken in the value in the bet.........just a guesser IMO that bets that way

Bit Harsh DFC , not a level staking fan myself- although I do use it in 1 of my systems - but wouldn't call advocates of the staking plan guessers , conservative yes - when my edge is small I'd go for level staking approach also.

Just answering his question .He is wanting to avoid having too much on one bet so level stakes would prevent that.

Level Stakes is in any case appropriate for a method whereby you know you are getting value on every bet ( with a few unknowable exceptions) , but there is no way of quantifying the value.

Thanks for the replies, all really useful, NOT. Will try chit chat in future.

Had a think over the weekend and i'm currently testing a new system out now which involves spreading a % of profit over this weeks bets to hopefully help me win a bit more profit and so all losers wont be my biggest bets unless i hit a run of 0 winners in seven bets.

Last 4 bets 2 winners and 2 seconds.

picknowpaylater 25 Apr 22:23


how do you build a bank up to maximise profits without your biggest bets being losing ones?


Nobody can really answer this without the following for starters
and you won't get a better answer on any other forum without
some key stats

Strike Rate ( per market )
Avg Lay or Back Price
Past Results (Trends)
Do you advocate a stop loss system
How many bets do you put on at the same time
How many different markets

I'd like to know the exact same thing.

Strike Rate ( per market ) - worst 76%, best 93%
Avg Lay or Back Price 13
Past Results (Trends) ?
Do you advocate a stop loss system - when bank is zero
How many bets do you put on at the same time - one
How many different markets - ? uk horse racing only

whaddya think? I started out level stakes but changed it to liability...

How can you have 2 strike rates in only 1 market ?

picknowpaylater 25 Apr 22:23
how do you build a bank up to maximise profits without your biggest bets being losing ones?

Your biggest bets being losing ones doesn't have much to do with building up a bank. As your stakes increase, both your winning bets and losing bets should increase in size. Unless your biggest bets are losing ones to begin with, there's no reason that this should become the case at a later stage.

However, if you successfully compound and reinvest profits, your drawdowns will increase over time (in £, not %). That's just a natural part of growth.

Some good spreadsheets here
http://tinyurl.com/3x5la3m

Scotbet

I have one bet only per day maximum, some days none if i don't fancy anything.

Price range anything upto around 4/1 biggest price, normally around 1/1 to 6/4.

Only back horses.

Have had longest win run of 8 and longest losing run of 6

Strike Rate normally around 60-70% .

What i did last time was applied 10% bank to each bet which was great on winning run but blew most of it on losing run of 6. Biggest bet during that period was a loser and the next 5 losers cost me most of the money i'd build up

Any advice Scotbet?

picknow - based on what you just said the answer is staring you in the face. you are betting too much of your bank on each bet.

picknowpaylater
Bigger the edge the more aggresive I would become in my betting
though I think starting a 10% is way too high

your bets at extreme points are EVENS and a s/r of 60% - pretty good!
are you confident thst you can hold these minimums?

If so then , I bet with a base of 2.5% increasing .2% per losing bet
when you get a winner next bet would be back down 1 staking interval only

eg if you've have 3 losers on the trot , then a winner , the 5th bet
would be staked at 2.5% + .2% + .2% + .2% - .2%.....
..I read you can go up to 4/1 and to Evs .....surely you can't get many 4/1 winners ...anyway I'd also factor in price phasing also - so in simple
terms I'd bet twice as much on an evens chance than a 2/1

Thanks Scotbet

yes had only one 4/1 winner. If i could constantly back 4/1 winners i suppose my stakes would be irrelevant as they would be easier to cover.

Majority of bets where around the evens mark.