High Place Strike Rate Staking Plan
This idea from the USA:
IF (note well the
capitalisation) - IF you have a selection method for place betting
that averages about 64% +
success rate (at the $1.60 and above dividend level), the following
staking idea may be advantageous.You
DO need a high strike rate for this to work and you will mostly
be betting at the “pointy end” of the market with
favourites and second favourites.
This is in NO way appropriate for
horses paying less than $1.60 for a place and would therefore
rule them out as ineligible.
There are three steps to the progression:
Bet 1 = 1% of your starting bank
Bet 2 = 3% of your starting bank
Bet 3 = 9% of your starting bank
Bet 4 = 27% of your starting bank
If a place getter is struck, the
bet level returns to level 1 at all times.
If you go 4 losers in a row without
collecting the bet level stays at 30% of your starting bank UNTIL
you are showing ANY profit on the series and then reverts to the
Bet 1 level of 1%
In other words, if you have 6 losers
in a row, you are “cactus” and you have lost
your entire bank.
Mathematicians who have done work in this range of price based
possibilities will tell you that your “average” possible
losing run is three to four and worst possible losing run is 9
to 12 so YOU WILL LOSE YOUR BANK
at different times.