When should I increase my stake.

[Xtc12]

Hi guys came across a thread in Glory Hunters and came up with my own idea to try something similar with the horses. It has turned out ok and the profit is improving all the time.

Just wondering .. say my bank was originally  £100.

I bet level stakes (say £1) and my profit is rising nicely. When should I increase my stake to £2.

THOUGHTS PLEASE.

Will trial this for another couple of months before posting. 

 

[giraldi]

I think it is a very important topic.

Until one of the experienced guys will help us with the answer I will say my opinion.

 

I think that one of the mistake the player does is to increase the stake too early.  We have to understand that betting is a game of probabilities and the probability to lose all bets for the rest of our life is not 0. It is extremely small but is not 0. Of course this is an extreme example..

The most logical answer is to increase to 2 units when your bank is 200, in order to keep 1% from bank. Probably this would say most of the players.

The second logical answer would be to never increase the stake,  and to save every 100 you get. Probably this would say just a few.

 

I prefer a combination: I would keep the stake 1 until I have 300, then save 100 and increase the stake to 2. 

Now I have 200 and stake 2, still 1% but have 100 saved (my real pofit). A few comments here: Another mistake can be done is to think that the balance you see on your bookie, under your account are yours. No, the money are yours only when save them to your bank account.

 

Will keep it until I have 400, then save 100 and increase to 3...

And so on  

 

As I said, this is what I think in this Monday early morning, the worst hours for my brain in the entire week

Edited August 12, 2019 by giraldi