Tightfisted

It's important to have a bank that will help you get through the lean times and a strategy to increase your profits when you hit the mother-lode instead of hitting the first fence.

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                Some people say level stakes is the only way, I'm not so sure.

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               Level Stakes P/L vs Fraction (1/100) of Bank P/L 

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              The full sized graphs can be viewed on my pictures section

"System 3" with further price comparisons.

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2013 Update....
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System 2 comparison, same price limit over 4 years to a £10 Stake.

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"System 3" comparison, same price limit over 4 years to a £10 Stake.

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The reason I haven't been keeping a close eye on system 1 is that my system 2 has been under performing as well. I just hope it was the unseasonal hot weather in spring that's to blame.


                                                    From 1st Jan - 30th Sep 2012
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Just to confuse matters... "System 3"

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with a further breakdown in prices just in case there are those that still lay drifters and bad last-time runners.

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Did I say this system was a good earner? Well, it seems as though I haven't been keeping a close enough eye on it lately.


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                                             1st Jan 2009 to 31st Dec 2011

Let's hope I don't have a repeat of last year's Oct-Dec results.

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Back to square one?

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The average of 5 limits (5.5, 5.0, 4.0, 3.5 and 3) snakes into the lead...

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A big danger in setting one lay price limit is that it can go horribly wrong.. I started off by choosing a price limit of 4.00 probably because it was showing a profit whereas I prefer to take an average of price limits.  I looked back at another system that showed a loss of around 50 points at a 4.00 limit while the 5.00 limit had a 100 or so points profit. 

These two charts should give a more balanced picture when compared to the 4.00 limit chart.

           Limit 3.00 / 1 point stake / 100 bank
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           Limit 5.00 / 1 point stake / 100 bank
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So I have decided to compare the highest limit 6.00 (stake 10 points) VS an average of 5 limits (stake 5 x 2 points) from now on.

The biggest problem I have with past results is that it can affect your judgement... should I persevere with the same type of bet even though it is close to wiping out my bank, should I increase the bank and stake in the hope that I will hit a long overdue winning streak, should I stop when I get back to zero, should I stop laying in the winter???

The following chart is an example of one of my systems that had been a good earner previous to this year. I will continue to update them when I get the relevant data from the BfSp history site.
 
       1 point stake / 100 point bank / Lay limit 4.00 
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If only I had started after Cheltenham.