I was sure I'd seen an option somewhere to only alter the stake in an upward direction on bank percentage staking but darned if I can find it this morning, maybe I was dreaming.

That's a definite staking plan you're talking about so you're not dreaming.

Example back 5% of bank and raise stakes as the bank goes or lower stakes if bank goes down to always be 5% of bank.

The other option is ratchet staking with the above however the bet never goes down - it just stays the same as before your loss until your in profit again and then continues up. In a way they are both like level stakes however the stake changes depending on bank balance.

I was looking at the bank percentage staking with this from 26/12/12 until yesterday a $5.10 starting bet would now be at $8.04. This was using a 10% loss/liability of a $300 bank ($30) rather than the actual back amount which is set at 1.7% of the $300 bank.

I've attached one of the spreadsheets that I've put some divs into and added a couple of formulae to make things easier.
I've rounded up the stake column as I don't think anyone invests with odd dollars and cents.
I also included comments from their forum to advise how to use it.

Thanks Surround. I'm not sure that I really understand it but I'm sure others will appreciate it.

By the way, another winning day today.

It's progressive Ocho so you keep raising by +1 Unit with every Loss...

START
1 Unit WIN => Loss so +1 Unit
2 Unit WIN => Another loss so +1 Unit
3 Unit WIN => Win so reset back to 1 Unit
1 Unit WIN etc etc


You will find that in practice, there will be instances of several losses in a row (even at high SR) so that you will not necessarily only recover the 1 unit. The point with the +1 unit per loss approach is that the 'pendulum' doesn't go spastic in your hand and blow up your bank ! If you can maintain the high strike >85%, it's the 5% starting stake which will keep the 'ocho-lations' under control.

LG

Thanks LG but that wouldn't regain the loss(es) very well. This is because I think I need some type of lay recovery staking due to a winning day being +1 unit and a losing day being around -6 units. Kind of like laying a $6 horse and trying to recover the bets.

Understood. Good luck with it.

Cheers LG

I hit the ground with a thud last night when checking the October 2012 figures.

October 2012 - 31 days, 25 winning days, 6 losing days, Level stakes loss -$13.71 ($1 amount to win)

So total 116 days with 103 winning days & 13 losing days, Level stakes profit $34.88 ($1 amount to win).

This is a 88.7% daily strike rate.

It looks like 3 months of great data means absolutely nothing in this game.

I tested for September 2012 which was the worst result to date and yet it was another winning day today making it one loss for the whole of January so far. :confused:

September 2012 - 30 days, 21 winning days, 9 losing days, Level stakes loss -$28.50 ($1 amount to win)

So total 147 days with 125 winning days & 22 losing days, Level stakes profit $7.38 ($1 amount to win).

This is a 85% daily strike rate.

Oh well, back to the drawing board. :(

Hi The Ocho,

Could the drop in results for Sept & Oct be the change of class of horses coming into their preparations during those months. Just a thought.