If you're serious about winning on horse racing or gambling, you simply have to have a staking plan approach or you are doomed to failure.
It's as simple as that. What do they say? Failing to plan is simply planning to fail.
Staking plans are all about mathematics - returns VS investment. It really doesn't matter where in the world you apply these staking plans, the mathematics never changes. THEY CAN'T.
If you are going to stagger along every day with no plan, no discipline, no sequence of bets depending on value, well good luck to you because you are going to need it.
If you are going to just haphazardly vary your bets from $20 on this, then $50 on that all up something because it's favourite, then $100 to catch up on something you've never heard of because you heard a bloke say on TV it was a good chance, you will lose.
No ifs. No buts. That's the bottom line. Without fear of contradiction, I can assure you that you will lose.
Here are some staking plans you may like to investigate to see if they suit your selection method. As with all things gambling. you are of course embarking upon this at your own risk and you should thoroughly examine these plans on paper BEFORE you put any real money on them and satisfy yourself that they are appropriate to YOUR style of gambling.
|Daily Doubles Staking Plan||$3.50 Favourite Staking Plan||Cascade 10 Staking Plan|
|Favourites Only Staking Plan||Four Horse Staking Plan||High Place Strike Rate Plan|
|Place Betting 466 Staking Plan||Price Based Staking Plan||Price Progression Plans|
|Quinella Staking Plan||Racing Staking Plan 17||Rising Bank Staking Plan|
|Route 66 Staking Plan||Split Places Staking Plan||Square Root Staking Plan|
|Staking To Ratings||Strike Rates Needed||The $1000 Staking Plan|
|The $102 Bank Staking Plan||The $165 Bank Staking Plan||The $336 Bank 8 Staking Plan|
|The $4 Staking Plan||The 2% Bank Staking Plan||The 40% Staking Plan|
|The 9 - 7 - 5 Staking Plan||The Infallible Dog Racing Method||The Yankee Staking Plan||Trio Staking Plan||Two Horse Staking Plan||Staking Levels By Price % Plan|
The staking plan you use is way more important than ANY selection criteria you choose...... in fact, probably by a factor of greater than 10.
If you don't have a methodical and mechanical staking plan that takes in to account possible losing streaks and average strike rates and prices, you are destined to lose -there is no other possible outcome.
The selection criteria may well make up the "Knowledge" aspect of what you are trying to achieve, but a well thought out and executed staking plan will make up the Dedication, Persistence, Patience and Discipline part of the equation and the boring time-consuming matter of "record keeping" then takes care of itself if you are using, say, an Excel spreadsheet to control the staking.
There is no quick fix.......NONE that I have come across in fifty years of playing with this stuff.
If you want to turn a profit in the long term from racing, I am absolutely convinced it is all in the mechanics of the staking and how you are mentally equipped to deal with the losing streaks that MUST come along on a regular basis.
It's why you must also select the staking method that best suits your psychological approach to gambling.
It all comes down to personal patience and what your hopes are - what percentage do you want to win over the year this year and how safe can you go without making the whole "game" - and it is a game -so boring that it drives you back to your old ways of losing?
I have found it is especially advantageous NOT to bet on anything less than $2.50 as a losing streak sequence "losses catch up" situation is then more controlled and causes less stress with the difference in escalation of amounts needed to be wagered significantly different at a $2.50 minimum rather than the "traditional" $2.00. (Don't bet odds on and don't run up stairs!). The maximum losing sequence then generally gets out to 13 or 14 from around 10.
The interesting thing you find if you adopt this idea of really concentrated staking rules, is that at the end of the day it doesn't matter to you which horse wins - who the leading trainer or jockey is - where they're racing - it all becomes numbers and number crunching.
Your past values of what made racing fascinating to you will quickly fade and it just becomes a matter of progression from one race to another, day after day, hour after hour.
These are the choices I make. They may not suit you. You may choose to have the romantic values of watching a Black Caviar or Atlantic Jewel win race after race and marvel at "the majestic ability of the beast" (generally at $1.04 or $1.10 if you are lucky) as I used to with horses like Kingston Town and Vain and Octagonal and Eye Liner.
Whatever method of selection you use, hopefully with an estimated strike rate of greater than 28 -30% -please, please -develop a staking plan that allows you the flexibility to follow it through to the (perhaps bitter) end and still keeps you interested in the selection method you have chosen.
Who knows? With a concentrated dose of discipline you may even turn a profit!
No staking plan can make up for plainly poor selections.
Disclaimer: Gambling on racing can be a very risky business and should only be undertaken with money you can comfortably afford to lose. RaceRate.com, or any of its associates or subsidiaries, cannot accept any responsibility for any loss occurred whatsoever in the use, or misuse, of information supplied