STAKING
 

What is the best staking plan if your average winner (betting place only) is $1.50..My strike rate is excellent

Any suggestions?

IF and only IF, the selections are showing a level stakes profit AND the strike-rate is better than 50% (preferably 60%+) then for place betting the best that I've found & have used is Oscar's Grind.

What's your longest losing run?

Maybe.... ??
 

You might want to clarify "excellent".... however.....

A friend of mine also has an "excellent" strike rate (43%) and employs a rolling staking plan where he rolls a percentage of his winnings from the previous winner on to the next bet and continues to do so until there is a non-result i.e non-winner/non-placed, depending on how you bet, in your case no place getter.

So if you had 3 winners in a row you'd have your normal stake e.g 1% of bank and then you would have (for agument's sake):

• 25% of the profit from the winner 3 starts back, plus
• 25% of the profit from the winner 2 starts back, plus
• 25% of the profit from the winner 1 starts back, plus

It's a plan.... I'm not gunna say that I agree or disagree with it..... because I don't feel like being today's punching bag..... so, you might like to see if this approach would improve you return over the history that you have.

Best of Luck

That sort of sit on the fence attitude just makes me want to hit something!!!!

place staking
 

I have a strike rate of 62.5% and my longest losing run..(unplaced horse is 4)

r-i-i-i-i-i-i-i-i-i-g-h-t.................. and so it begins..... :D

La Mer

Oscar's Grind :confused: - Could you give an example of this? (Please)

Thanks In Advance

My two bets for today are

Echuca 3 7
Echuca 6 9

This posted 7 minutes before race 3

place staking
 

I appreciate your input and will study your suggestion.

So far so good today..my first one paid $1.50

I remember reading about this a few years ago & the reason it's called Oscar's Grind is because it is named after the guy who developed it, which was for betting on the 'even' money shots at roulette at the casino. It is claimed that over a long period of time he won, but not sure if that is true or not.

The aim is to win just one unit then once having done so recommence @ the start.

These are the rules that I picked up elsewhere -

Rule 1: The target for each sequence of bets is one unit profit, with the first bet being one unit.

Rule 2: After a losing bet, the next bet is always the same size as the previous one.

Rule 3: After a win, the next bet is one unit more than the previous one, so long as the dividend is $2 (Evens) or longer. Where the dividend is less than $1.50, the next bet should be the same size as the previous one, while if the dividend is between $1.50 and $1.95, then the next bet should be increased by the amount of the percentage profit of the base bet, i.e. a winning bet that returned a dividend of $1.60 would mean an increase of $6 (assuming a $10 base bet) on the previous bet.

Rule 4: However, the bet size should only ever be large enough to gain an overall profit of one unit on the sequence.

So long as a sequence does not go for too long in a WLWLWL type of situation it should work fine, otherwise it can take a while to compete & I think that's where the 'grind' bit comes in.

I have tried it & it worked fine but would suggest that it be worked on paper over a set of selections to get used to it, making sure it does improve on level stakes before putting any real money down.

A stop/loss strategy would probably help doing tough periods as well.