Hi there, this is my first post, and hopefully one of many. Can anyone help me with the Retirement Staking Plan devised by Barry Hughes? The plan which I downloaded from the web discusses a couple of examples. I understand how to establish the divisor and target, but not quite sure how to determine the size of each bet. His first bet is 1% of his bank which works out to be $100. This loses, so his target becomes 700 but his bet becomes $115. Shouldn't the next bet be 1% of the balance which is $9900? A little confused. Also is this plan only for serious punters, can a novice use it with success?

Its target divided by the divsor.

ie 700 / 6

Hi shamanism welcome

The target is divided by the divisor. The bigger bet tries to recover the loses.

You might want to use the search there has been alot said about this plan and any other lose chasing plan

Cheers

The 1% outlay with the first bet is the to work out ones betting bank needed.

Example .
Say the lowest divisor that one wishes to use is 6/1
Say ones starting target is $60 / 6 = $10 (first bet) = 1% of bank

Therefore bank would have to be $1000

The plan is straight forward but it is very confusing on the site that has the plan.

So I shall try to keep it simple as possible.

Target $60
Starting divisor 6/1
First bet $10 = 1% of bank, so bank should be $1000.
Bank $1000

The divisor is increased by 1 Pt after each loser.
The divisor is reduced by its Fractional odds after each winner as per originator or one can reduce the divisor by its Decimal odds , which makes it a bit more aggressive & recovers quicker.
e.g. Reduce by 5pts for $5 div rather that 4pts as for 4/1 .

Example of divisors used & reduceing using Fractional odds
6 7 8 9 10 11 12w3/1 9 10 11w4/1 7 8w3/1 6w 6w 6w 6 7 ect.
Never dropping below 6/1

The idea is to restart at $60 again, as soon as any profit is made.
e.g. $2+

Ones selection plan has to break nearly even, to make it work using Fractional odds.e.g. 4/1 div. to reduce the divisor

Ones selection plan can afford to have a minus 10-15% LOT at level stakes if using Deciaml odds e.g.$5.00 div. to reduce the divisor.
This is the one I would use.

I hope this makes it a little clearer.

Cheers.

__________________
Cheers.

Further running example
$1000 bank.

$60 / 6 = 10 L
$70 / 7 = 10 L
$80 / 8 = 10 L
$90 / 9 = 10 w 2/1 $20prof
$70 / 7 = 10 w 2/1 $20prof

$50. We are now $10 in profit time to start again at $60 / 6.

Cheers.

__________________
Cheers.

Thanks guys, that's a big help

This may help your understanding of this plan.

ORIGINAL RETIREMENT STAKING PLAN
The Retirement Staking Plan was devised by Grandstand's racing
analyst Barry Hughes, and is rated by some professional punters
and people who know racing, to be one of, if not the best
staking plan they have seen.
Barry did not invent this plan by accident, it took know how and
hundreds of hours of calculations to get it right.
His aim was to formulate a staking plan that could recoup all
losses, and to show profits, even when a plan only breaks even.
In other words, over a period of time you might have had 80 bets
for 25 winners, you didn't lose, but you didn't win either. H e
also wanted a staking plan that could withstand long runs of
outs and still achieve profits.
He did over a period of time, come up with a staking plan that
did these things, but when he applied it to past results on
several systems, it worked fine on some, but others, not so
good.
He finally came to the conclusion that most staking plans never
took into account the average price of the winners. They may
work on one that has an average price winner of 5-2, and
completely fail on a system with the average price winner of
5-1. The reason being, a system that does average 5-1 winners,
will at some stage be more likely to go through a longer run of
outs than the one that averages 5-2 winners.
The only thing he had to do now was, to work out a staking plan,
with a formula that would suit all plans with different average
price winners.
He finally came up with a staking plan that has a divisor, and a
target, where your first bet is only 1% of your bank And as you
will see he has set this staking plan up in such a way it will
suit any system that shows only small profits, and can also show
more than 15% at break even. It wouldn't matter if your plan
averages 5-2 or 8-1 winners, or anywhere in between. You will
know once you have worked out the average price winner of
whatever plan you are using, how to set up and use The
Retirement Sta king Plan.
First. To work out the average price of the winners, ( and you
should only do this after you have had more than 20 winners),
you total the return of the winners, E.g. 20 winners and the
total return was $100 on the TAB. Then you divide 20 into 100 =
5, so your average price winner is 4-1 as the tote return
includes your dollar invested. This first step is the most
important in setting up the Retirement Staking Plan, it
determines your divisor, and when to bring in your safety
device.
The best way to show you how to set the plan up is in the
following table. First we have a divisor, which is double the
average price winner of the plan you are using, say your average
price winner is 3-1, your divisor would be six. We also have a
tar get. Set up like this:-

First up we know the divisor will be six, double the average
price winner of 3-1, your first bet is 1% of your bank, doesn't
sound much, but just to show how this plan can produce over a
period of time, we have started with a large bank. Now to arrive
at your target, multiply your divisor by your first bet, 6 x 100
= 600. So your divisor is six, target 600, first bet 100, which
is 1% of your bank, all losses are added to your target, and if
you go six without a winner, then start to increase your divis
or by one after each losing bet. Following is what to do when
you have a run of outs.

As you can see, losses were added to the target, and when we
went six without a winner, we increased the divisor, if you do
not, bets get out of hand and jeopardize the most important
thing, the bank.
Look at the bank after six losers 9092, it could still withstand
another 42 without a winner, and that is not because we started
with a 10,000 bank, if you started with a 1,000 bank it would be
the same, as your first bet would have been 1% = $10. By doing
this, the staking plan can withstand 48 without a winner.
Now, after the 4-1, you reduced the target from 2583 to 1723,
you then look back to where your target was close to this amount
and you go back to where your divisor was on 8, so your next bet
is 8 target 1723.
After the 6-1 winner you reduced the target from 2153 to 863, go
back to the third bet when your divisor was six, you know then if
this and the next three lose, you start to increase your divisor
again.
Now each time the bank increases by 200, increase the target by
10, this is another safety device Barry built in to The
Retirement Staking Plan. If you add 10 to your target, you only
increase a bet by $1, which is only .05% of the bank increase,
doesn 't sound much, but over a long period of time, and as the
bets increase, you are safeguarding the bank.
When looking at the results, you will see we outlayed 2988 for a
profit of 172 or 6% on turnover. What happened to the 15% or more
at break even?. The reason for this is ten out of the sixteen
bet's were at level stakes of 215. We will show how this ca n
change when your divisor remains on six.
Now look what happens if the winners fall in a different order.


With the winner at 6-1, we increased the target to 630, and
after the 3-1 winner the profit was 819 with the outlay of 2331
which represents 35% profit on turnover, outstanding results, as
the plan showed no profit at level stakes,16 bets 3 winners ret
urn 16.
Now the thing to remember is, work out the average price winner
then double it, that becomes your divisor. E.g. 5-2 = 5, 3-1 =
6,7-2 = 7, 4-1 = 8, 9-2 = 9, 5-1 = 10. Also the divisor tells
you how many losing bets to go before you increase your divisor
.. Start with 1% of a bank you can afford, and you have a staking
plan that will show 15% at break even, and sometimes more. It
will also, over a period of time as the bets increase, withstand
more than 48 without a winner.
You should now be able to understand why Barry put so much work
into The Retirement Staking Plan, and although he has quite a
few clients that have never looked back since putting this
staking plan to good use, there has only been a few that have
rang to say thanks. Others have sold so called infallible
staking plans for hundreds of dollars, most fail, as they will
not withstand the losing runs, but Barry thinks everyone should
be using this plan, it was offered free of charge.
Hope this is of value to you.

__________________
At the feast of ego everyone leaves hungry

A successful variation is as follows:

Use the plan exactly as Kiwi says BUT group your selections for safety, what I mean by that is you count say the first two bets as one bet .i.e. say your first bet is $100, then put $50 on the first selection and $50 on the second selection, recalculate after the 2nd selection has run, continue the same thing with bets 3&4, 5&6, etc etc

this way youre spreading the risk, even a run of 48 losers is reduced to 24 losing bets.

Now you can take it a step further really go for safety by grouping into 3's, 5's or even 10, so in other words your first bet on the retirement plan is 1/10th of the stake on the first 10 selections then re-calculate.

Another way is call all the days bets as 1 investment (I like this one) i.e. there are 5 selections today so your next bet is 1/5 of the stake on all 5, then at the end of the day re-calculate your next bet (as per the retirement plan) say the next day there are only 2 bets so 1/2 of the stake on each, recalculate at the end of the day again etc etc.

Yep partypooper,the above is a good approach till you get used to the plan.

__________________
At the feast of ego everyone leaves hungry

Start your bets at no more that $1. When your good enough to make a consistent profit increase your bet. It's simple and sage advise that that a non-gambling child who understand that 2+2=4 would agree with.

However, punters are a peculiar fish who have an amazing ability to find ways around believing the above maths apply to THEM [even write essays in forums about the advantages of progressive staking plans to feel more secure in their denial]. They often spend their whole punting lives in a state of perpetual maths denial and make the bookies and TAB shareholders rich, because their in love with long term [creative] financial waste production.

If you fantasize about a loss chasing plan to turn you from a losing punter to a winning punter, get stuck into a progressive staking plan [any one will do, they all lose in the end], and thank you for all your $$$ contributions to the large race pools you are going to contribute too for many, many years, that the 5% of winning punters joyously scoop from!