I have been following a couple of place betting systems which I came up with for betting the place on betfair. Unfortunately I can not put the selections upo here before the race as the price movement of the win odds as well as the price available for the place odds are part of the selection technique.

I will though put the results of following a staking plan that might work with this. The idea is simple. You place all up bets until you make 20 times the starting amount. So if you start with $1 bets then you place all ups till you get to a return of $20. Once you hit $20 you pocket it all and start the whole thing again but with 10% of the winning amount. So in this case it would be $2 for the starting bet with an aim to make $40. If we hit that then we pocket $40 and start betting with $4 with an aim to make $80. The bet sizes and amounts to make are below:

$1 = $20
$2 = $40
$4 = $80
$8 = $160
$16 = $320
$32 = $640

So far (in theory as no bets were placed) my systems have returned the following odds in order:

1.41
1.63
1.18
1.61
1.09
1.53
1.57
1.44
1.52 <-- $1 became $21.54 here. So pocket $1.54 as profit and start betting with $2.00 per bet.
1.5
1.3
1.15
1.11
1.15
1.12
1.17
1.29
1.51
1.32

The current result for the sequence is up to $17.42

The idea is you have have 10 attempts to get the run required. If you don't hit it in that you have only lost your inital $10. The idea is risk little money for big rewards.

I have stopped the progression at $32 because the highest bet there would be around $550 - $600 and I just don't think we will get the liquidity on betfair to cover bets which go much higher then that in the place market. Just out of interest $200 on each selection would have yeilded $1254 return after commission, but this method is to get from the $10 you start with in order to increase your bank so that you can start a flat stake of at least $100 or $200.

I have no idea if this will work but I'll give it a go and see what happens.

I hope you have plenty of patience because it can be a very frustrating way to punt .

Here's another place staking approach to play around with.

3 Block staking plan

Bet
111
222
333
444
ect.

We bet all 3 bets for each block of 3 .

Repeat that block that shows a profit for that block but is still has not recovered all losses.

Start again once all losses are recovered & new bank high has been reached.

__________________
Cheers.

I forgot to add...

Works best on 1.80+ shots

__________________
Cheers.

Thanks bhagwan. the set of bets looks interesting.

Bhagwan I see the plan you suggested above works best at $1.80&>, has anyone got any suggestions for a place staking plan with an average dividend of $1.70?

Digging back through old threads & came across an interesting 4 bank staking plan by a member named Testarossa - anyone tried/using it?

http://www.propun.com.au/racing_for...read.php?t=1032

If anyone wants to follow a staking plan like this there is a simple maths formula that works well and would return similar results if you were doing it manually.

Using a standard parlay bet of 4 selections there are a total of 11 bets involved.
6 Doubles
3 Trebles
1 4 horse all up

For $10 units this would be $110

If you selections are in different races you justs need to place 60% of the total on each selection.
EG

$110 = $66 remainder is $44

After the race you add all returns plus the remainder to give you a new parley amount.

Using the above figures if we had a place runner paying $1.50 x $66 return = $99

$99 + $44 = 143

The next bet would be 60% of this amount $86 adjusted with remainder $57

If you have a loss then the new bet would be 60% of the remainder.

Try this out using a 4 horse parlay with both methods and see how close they are.

Heres another approach

Target say 5 -7 successes in a row.

Only all up 80-85% of total returned amount onto the next bet.

That we if we come unstuck , we will at last have some returns for the effort.

__________________
Cheers.

Hi Shaun.

I have something that may interest you. Have been meaning to get in touch for some time. Give me a bell if you are interested.
sabu at northnet dot com dot au

Cheers

Norm

Thanks for the suggestions