40%
Horse Racing Staking Plan
This
plan has been around for a long time but you may not have encountered
it before.
It
was a very popular method of race to race investment in the 1970's
and 1980"s. Why then did it fall out favour, you may ask? No
idea. It seems to me it is a lot easier now with things like Excel
spread sheets to do the calculations for you as when it was popular
last century it was a manual calculation.
Simply
put, from each wining bet you retain 40% of the gross dividend and
re-invest the other 60% on following bets.
Say
the horse you back is $6.00 and you put $1.00 on it. The gross return
is $6.00. 40% of $6.00 is $2.40 so that is retained in the punting
bank and the other $3.60 is spread over the next 5 bets.
Why five bets?
Because that was the winner's price of the last winning bet. (If it
had been 2/1 the 60% would have been re-invested over the next 2 races
etc etc etc)
- i.e. 70 cents is added and re-invested for the next 5 bets. (Of
course it would be an extra 50 cents per bet but you always round
DOWN to the next betting unit allowed.)
If
the price is not a whole number, e.g. $4.20, $4.40 etc etc etc it
gets rounded down to $4.00 (the next lowest WHOLE number) for the
purposes of the calculation.
Remember
- you ALWAYS retain the 40% of the winning dividend to your bank.
