FLAT STAKES

OUTLAY $900 /NETT $148 /POT 16.4 %

6 POINT DIVISOR (TARGET $120)

OUTLAY $1653 /NETT $1057.20/POT 63.9 %

3 months results (now watch me put the mozz on this plan.

Cheers
darky.

I have always believed in using target betting especially if you restart betting not when the target is reached but when the bank reaches a new high. If you can show a profit on level stakes & you use a handbrake with the divisor to control bet size it should work out well . Is it the retirement staking plan from Grandstand you are using.

Cheers !

No.Its Jim Obriens 6 point plan from the 1930,s.

Cheers.
darky.

dont spose you wish to elaborate on that plan darky?

Its a commercial system from PPM so it would be impolite to state the rules on a open forum but contrary to some others beliefs they occasionally bring out a gem.
In my opinion this is one of them.
How long it continues to hold up though (not being based on class/ weight /time /field strength ratings)is a matter of conjecture.
But so far ,so good.

Further figures might give you an indication whether it would suit you are

Strike rate = 23 %/ average price of winners = $5.20

Lowest point a $1000 bank reached was $930.
Longest run of outs was 8.
Hope thats of some help.
Cheers.
darky.

thanks darky, however its my fault for not being clear - i was actualy refering to the staking plan

6 POINT DIVISOR PLAN

SET A TARGET TO BE REACHED.

DIVISOR IS 6 WITH A MINIMUM DIVISOR OF 2

DIVIDE THE TARGET BY 6 TO GET THE FIRST BET.

ADD LOSSES TO THE TARGET AND TAKE WINS OFF THE TARGET.

WHENEVER A WIN TAKE THE PRICE ODDS OFF THE DIVISOR
i.e win $3.50 - 2.5 .2.5 off 6 = DIVISOR 3.5 (never let the divisor fall below 2 )

Continue you on your merry way.

SAFETY BRAKE.

if your bets are getting too high just add another couple of minimum divisors to whats remaining of your original divisor.
I personally dont let a bet get above $50 but thats just me.
Whatever you feel comfortable with.
Its a great plan and one would need to be a dill to get into any trouble with it

My target with this plan was $120 on a $1000 bank.
Cheers.
darky.

thanks darky, one can never have to many staking plans!

Another good one is .
Very similar .
Set a target over 10 bets .If the target is reached before the end of the 10 bets then no more bets in that series of 10.
Recommence at the end of the 10 bets.
If not. set a new target combined with whats remaining of the old target and also add a new divisor to whats remaining of the old divisor.
Continue on your merry way.
The rationale for this one is that winning and losing runs ALWAYS come in clusters.That is a winning run is always followed by a losing run and vice versa.
The idea is to NOT press your luck after a winning run.
Cheers.
darky.

Darky, while there can be some merit in a target betting plan, particularly if the target is not too high and enough breaks are used to control the stake size, there is very little merit in the second of the staking plans you mentioned.

In fact it sounds very much like a commercial one marketed by MK - you know the one I mean - there has been a discussion on this forum about it and if I remember correctly, someone made comments that it wasn't much good. I concur with that opinion as the very principle defies logic and is a sucker punch law of averages type that is doomed to long term failure. My advice is stick to your target approach. Wish you well with you 'visionary' appraoch.