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Lads, I note I am much more ahead on Greyhounds, Football, Rugby and Boxing but am 1,100 down for the year on Racing. I think this may be due to staking; but also playing each way. Any comments regarding staking and how you go about it. Especially what not to do.
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What not to do- RACING. Then you'll have a nice overall profit. I hope this is of assistance.
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% of bank…..work it out…
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There's no definitive answer .
Some will say use the Kelly Criterion -the more edge you have, the more you have on. E.g if I offer you 6/4 heads , then have more on than if I offer you 5/4 . Some go for to win an amount e.g £100 on an even money shot, £10 on a 10/1 shot. Some go for level stakes -imagine having 10 losers of £100 on even money shots , then having a tenner on a 33/1 winner. Some go for % of bank -that way you'll never go bust though if you start with £1000 and have 5% on and lose consistently you'll end up betting coppers. Similarly ew . If it wins, you wish you'd had it all on to win. If you have it win only , you'll curse 10 placers on the trot. |
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From OP's mention of each-way bets improving the picture, OP should examine place-only bets and whether it is possible to place an e/w-bet with a bookmaker, then lay the win part back on here, leaving a place bet at bookies' odds. In practice, it might not always be possible to lay the win part back at a reasonable price, so OP should check first.
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its very difficult to get it right and a lot to do with confidence and lack of it , i play ew at decent prices ,a winner and the confidence is high and stakes tend to increase on next few selections a few losers and the stakes decrease but not to below a certain level ,i have a base stake and dont go below that . at decent prices each way a winner is 2 winners the win part and the place part and if a selection is only placed it helps confidence as a return is better than a loss.
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thanks gents, food for thought
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It's one of the great anomalies: that many punters can work out a way of betting which delivers a long-term profit to level stakes, then they go and have a monkey on the odds-on shots, but only a score on the 33/1 winner which actually delivered that level stakes profit.
The usual argument is along the lines of "Well, what's the point of backing even money shots if you're only going to have a score on them, eh?" To which the reply is "Ah, now you're getting somewhere! Think about it: you've finally stumbled upon the question which every genuine long-term pro I've ever known has asked themselves - the light-bulb moment which changed everything for them - what is the point of backing even money shots?" |
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Note that I'm talking about backing horses here. The situation with betting on football or rugby or boxing is plainly different, with every event being a 2-runner race.
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What would the staking be on Ryan’s Rocket 2.50 Taunton,or no bet ( I reckon 2 pts of a 50 pt bank)
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very rarely if ever back favs even if they look certs ,last one i backed that i can remember was in a lincoln about 4 or 5 years ago ,whatever ,after decades at this game i have come round to thinking that staking is as screaming says an anomily that i will never get 100% correct so now i just stake what i feel comfortable with at the time , if i back a decent priced winner the feeling will always be i should have had more on .
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Have a read of "Fixed Odds Sports Betting" by Joseph Buchdahl.
Don't bet as much now but when I did I preferred to use a fixed profit method ie divide your intended profit by the odds you could get. |
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The tesla system.only stake with digits 3,6,9,in your stake,but you must lay horses with 3,6,9, in their race card number.
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stupid ques, if you're down on horses but ok on other stuff why don't you just remove it from your betting and play micro stakes while you figure it out?
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Stick to the % you choose and don’t differ…..hopefully the stakes will go up….
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