Had a look at a staking method recommended by various people.
You know the one.Turn a break-even method into a 15% winning profit.
And yes,it can happen as they say.
HOW?
It all boils down to having more on the winning selections than the losing ones.
Now how does the system do this?.By putting more on the next event straight after a loss.
The rationale behind this is you can't lose forever.AND THAT IS TRUE.
But we all know that an even money chance in Race 6 is still an even money chance regardless of what happened in race 2 or 4.
So how come it is now worth investing more because the previous selection went down?
Well it's not!.It is worth whatever an even money chance is worth.

So this is the correct way to place your bets.
You really have to assess what price you think a selection should be.
How you do that is up to yourself,but the price has to be more accurate than the market assessed price.
And you then wager the amount in direct proportion to your assessed price percentage.
No doubling,no ifs or buts.

Another insightful post moeee. A very select few on this site will know where you are coming from, but all your recent posts have the same theme. I'm punting you may have liked a little nag called Galvanized at the weekend, didn't win, but second at criket score odds ain't bad.

You divide the price you reckon it should be into 100.
That gives you the percentage equivalent.
For example you think a horse should be at $2.50 then 100/2.50 = 40%.
You then multiply your betting unit by this percentage.
So if my Bank is $10,000.And I think 2% of my Bank is a suitable betting unit,then 2% of 10,000 is $200.

And 40% of $200 is $80.
But you must get a price over what you think the animal should be.At least 15% over.So in this example,no bet below about $2.90

You lose.
I don't bet on horses.YET!
Have been looking at greyhounds but the pools are so small with 3 minutes to go it is very difficult to assess whether you are going to get over the rated price!

Agreed moee.
YOUR ratings = YOUR prices when converted.

If YOUR best pick is rated as YOUR fav, but the markets is 3rd Fav. That's YOUR bonus if it wins.
certainly makes sense cos who cares what the majority may market the field.

There is a formula that converts ratings to prices. Interesting concept by the way.
Problem is, how one rates their selections determines the fields market.

When you decide what price you think an animal should be,it's not a matter of simply pulling a number out of thin air.
It needs to be accurate.
If we added up each horses winning chance together it has to tally 100%.
Whatever method you use,get the selections in order of the best winning chance to the least winning chance.
Then imagine this event were to be run 100 times.
Knocks and bumps and luck and timing and a million unforeseen events will and do cause a different finishing order every time.
Next to each horse,write down the number of times you think the horse would win out of these 100 races.
The total has to add up to 100,so you will need to add to some and subtract from some until it looks about right.
You now have a set of percentage win chances for each horse.Divide each chance into 100 and you now have the minimum dividend you should accept.

G'day moeee. Have you ever been to early morning trackwork? If you haven't then I suggest you do because you will quickly find that you need to put in the shyster factor into your system.

Now I'm starting to read things that aren't there.
Are you saying that the racing industry is corrupt?
Not only corrupt,but to the degree that the patrons of racecourses are blatantly being corrupt?
Or do I have an erroneous definition of a shyster.
Yes Hyde,I think like that sometimes too.
Because I aren't capable of comprehending how a rocketship works,it's not possible that man has walked on the moon.

With overlay betting their are a couple of FREE sites that that give a "proffessionally assed price range".
I have found that they vary considerably and in almost 90 % of cases their top rated horse is UNDER the assessed odds.
A very long time between drinks if one were going for their top rater.
Cheers.
darky.

But that is the beauty of it.
There is no reason to go for the top rater.
Except that it will get up more often than those lower down the list.
But because those lower down will be at longer prices,the wager will be smaller and able to endure a longer run of outs.
Backing two 5 to 1 shots is like backing one 2 to 1 shot.