Any explanation
 

Can anyone explain this: I came across and old PLACE staking plan submitted by Bhagwan, bet in succession 1,2,3 etc. revert back to 1 unit as soon as a divi of $1.60 is struck.

Now, I have been working on a revamped place plan with heaps of action, after 489 bets it is showing 2.49% POT (best tote) with a S/R of around 58% I was starting to get interested in that as it is, but thought I'd just run that Bhagwan plan over it just for fun.

Came up with 102 units profit which is 7.18%. POT

I'm perplexed as that defies my own assertion that increasing stakes will not better a level stakes profit (or loss)

Any input?

I was always under the impression that done for long enough it will always magnify the original result, be it positive or negative.

Well, so did I , that's why I am surprised. I guess 489 bets is not enough, maybe I'll take it 1000 b4 any cash is involved. interesting though, I run it over another plan with 10000 results which showed a LOT of nearly 8% (b4 applying filters) and with the Bhagwan thingo it reduced the LOT to 3.8%, so it's me that is still a "loss" (pardon the Pun)

could you point to the thread Party?
The significant of a $1.6 divi escapes me, unless there was a stipulation on the lowest odds acceptable?

Knowing the rules it can be tested on any system winning or losing, but I agree with twobets and your initial reaction.

That might take me a while but I'll get to it, but my summation is that as roughly 60% of Favs. are placed then one would presume that a divi of $1.60 would break even? don't know just guessing?

Seems odd.
If you lose 1+2 units and then hit a 1.60 divy on the 3 unit bet you will be behind on the sequence. It gets worse as you go up the sequence.

G'day Speedy, yes but I guess the thinking was that given the high S/R you would get some returns from those placed @ below $1.60, eg 1L, 2L 3 W$1.40, 4W 1.2, 5w$1.69 Stop

apologies to all, upon reading it again it appears that I omitted some important points, here it is again:
Hi all
Does anyone or Bhagwan recall this place staking plan and more details.

Quote:
if you can get selections with a strong place strike rate, this staking method posted in the Horse Racing Forum on August 6 by "Bhagwan" looks very interesting."
"Here's a plan that can work on the right selections.
1st. bet $1
2nd. bet $2
3rd. bet $3 etc.
Each time you strike a place getter at $1.60+, go back one position. If the placegetter pays less than $1.60, repeat the bet.
You will need a bank of $210 for a run of 20 outs. You need to have a strike rate over 50% to make this work...."
Regards

Yes. That makes more sense.

even more perplexed now as my mucked up interpretation of the "rules" actually performed BETTER than the Bhagwan version,.... by the way does anyone know what happened to Bhagwan,.... I presume he dropped off the "perch" ?

Wondered about that too.

Ya still got me though.

hehehe

Ya know Party.

With the Spring Racing now is the time ta bring out the BIG GUNS.

i.e PPM and World Famous.

By the way has anybody got the latest PPM Magazine newest System they want to swap.

Cheers.

@hotmail.

Serious question.
Has PPM ever published a long term winning system?

ASAIK
The Dark Horse.
The Ultimate Dark Horse.

Could be more.

Not sure if he dropped of the perch, but I think he got tired of being harassed here whenever he posted a new system or staking method with some of the naysayers, as he was active on another forum for a while after he stopped posting here. Shame really, he always had managed to spark discussion, which is something this forum lacks these days.

If you look back through some of his posts, there are some absolute gems in there, and I definitely learnt a lot from him, mainly to do with thinking outside the square a bit. Some of his most left field ideas that made zero sense actually worked quite well.

So true Thorns.

Cheers

I still have those tucked away in a cupboard. There was another that I followed for a couple of years early this century with success. I'll try to dig it out. That's not a lot over their 99 years of selling them.

You could be right there, and in fact I was one who sledged him for some of his staking ideas that to me were just increasing stakes really, but this latest revelation has got me stumped, as I've ran it over several discarded plans and it's turned them from LOT to POT or at least from a small loss to a much smaller loss, at this moment I can't figure out how that can be!

How does one go about finding these two systems?

Yes most of the staking plans were as you say just increasing stakes and will not work long term. However the thing I found with the majority during testing any of his ideas, was that if you went in with your eyes wide open, you could actually make money using a lot of his staking methods (wont say all as haven't tested most of them), not life changing amounts by any stretch of the imagination, but money none the less.

For a start you have to be happy to have those funds as disposable, and not looking to grow a massive bank, with this in mind short term you could make money unless you were hit by the horror run from word go. If the horror run that will wipe you out is a 1 in 100 chance of occurring, there's a good chance if you are hitting and running it can be successful. Probably much like you are experiencing at the moment Party.

ppm systems
 

Hi Jose
I purchased Dark Horse and Utlimate Dark Horse in the dim past....Followed for long time but without success. Blew the dust off about two years ago for a short period without success.
I think with most systems if you are lucky enough you may start betting at the start of a winning sequence however it is the long term where most fail.
Anyway if you say they are winners I will just have to try again maybe.
There may be a light at the end of the tunnel after all but take a torch with you just in case.

Good Luck Midas

The Ocho,

I have both here.

Drop me a line at my "monikor" @hotmail and I will email them to you.

Cheers
darky

Thorns, yes I've always said that in another way, i.e. most systems work SOME of the time.

I have a mate that plays the Martingdale (spelling?) at the casino, he waits for a losing run of 6 (black or red) then steps in. I've given up trying to explain that the 7th spin is still 50/50 but he wont have it, he does seem to win all the time, but he will get cleaned out one of these days. (won't he?)

Not to mention Hay Chee infallible Poker Machine System.

I,ve seen many players using this one.

Done thanks Darkydog2002