glceud Posted November 25, 2020 Share Posted November 25, 2020 Glad this thread was in a link in another topic as I was going to ask a question about a staking plan for my current attempt to win millions. If I was backing 5/1 shots that were 6/1 how many units would I need to reasonably expect to cover a worst case scenario. I started of with 20 units which I know is not enough but I was quite happy to throw a couple of £100 away to see how things go ( paper runs are not very exciting). So currently betting £10 a horse, what sort of bank would be needed to increase to £15, doubt if £300 is the correct answer. Would always drop back to what ever % of the bank is suggested. Any Ideas? Is Slapdash still about? he could probably give me an answer accurate to 10 decimal places!!! Quote Link to comment Share on other sites More sharing options...
MCLARKE Posted November 25, 2020 Share Posted November 25, 2020 At this sort of strike rate you are likely at some stage to encounter a losing run of about 40 so at £15 you would need a bank of £600. This is based on 1,000 bets. glceud 1 Quote Link to comment Share on other sites More sharing options...
glceud Posted November 25, 2020 Share Posted November 25, 2020 16 minutes ago, MCLARKE said: At this sort of strike rate you are likely at some stage to encounter a losing run of about 40 so at £15 you would need a bank of £600. This is based on 1,000 bets. So for £10 my bank should be £400. If I got up to say £415 could my next bet be £15 knowing I will drop back to £400 I would go back to £10. I think that would make sense. No intention of taking anything out of the bank hoping for a ROI that will allow me to increase stakes so that one day I can go to Macau. Thanks for your input. Quote Link to comment Share on other sites More sharing options...
MCLARKE Posted November 25, 2020 Share Posted November 25, 2020 You could. If that won what would you do next ? Quote Link to comment Share on other sites More sharing options...
glceud Posted November 25, 2020 Share Posted November 25, 2020 1 minute ago, MCLARKE said: You could. If that won what would you do next ? Stick to the £15 until I got up to £620 or back to £400 and £10 bets. Checking how many corners I can cut here, it's a bit like bending covid 19 restrictions. Probably have given up by 3:15 next Wednesday or what ever stupid new times races are starting at these days. Quote Link to comment Share on other sites More sharing options...
MCLARKE Posted November 25, 2020 Share Posted November 25, 2020 Good luck although I suspect that the inevitable losing run will catch you out at some stage and you will back to the £400. Quote Link to comment Share on other sites More sharing options...
glceud Posted November 25, 2020 Share Posted November 25, 2020 5 minutes ago, MCLARKE said: Good luck although I suspect that the inevitable losing run will catch you out at some stage and you will back to the £400. Once I got to the £620 mark it would be a £20 bet but if that lost it would be back to £15 and then down to £10 if back down to £400. I will always have enough for at least 40 bets unless my method sucks in which case there won't be a need for a staking plan. Thanks for the good wishes. Quote Link to comment Share on other sites More sharing options...
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