28th March 2006, 05:59 PM
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Member
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Join Date: Jan 1970
Location: Victoria
Posts: 105
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If you have a system that works, forget percentage of bank. Fool's paradise.
Just decide what you expect your largest amount of outs or equivalent outs to be over a 12 month period.
By equivalent outs I mean you could have 5 then a winner that pays $4.00 then another 6 losers. At level stakes this is the equivalent of 8 outs.
On your strike rate you are going to say if this system is going to be profitable it will need to be able sustain 30 losers or the equivalent thereof at level stakes.
You are starting with $500.00 500/30 = 16. (approx)
Start at $16. Then when your bank gets to $510, move up to $17. (17 x 30 =510) Then when you get to $540 move up to 18 until you get to 100 dollars(bank of 3000 dollars) or whatever top stake level you reckon is a fair thing.
Then whenever you have an excess over 3000, that's profit.
30 might not be enough losers to allow for but much over that and you just have to say this selection method has problems.
If you bet percentage of bank you can you can support far to many losers.
Each to their own buts that way I see staking.
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pipped at the post
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