1st February 2013, 05:49 PM
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Member
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Join Date: Aug 2010
Posts: 1,031
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Quote:
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Originally Posted by Try Try Again
Interestingly, I entered the 1st favourite (all races) into the Retirement Staking Strategy using the following:-
Divisor = 4 (Average win Dividend = $2.98)
Target = 8
First bet = $2
Starting Bank $100
Divisor calculated as 2 x (Av Win Dividend - 1) = 2 x (3-1) = 2 x 2 = 4
The win bank after 304 bets = $372.60
Profit is $272.60
Largest bet = $38
POT % = 13.3%
When compared to trying to make the $1 on every race method the POT% is comparable (13.3% c/f 13.2%) and the profit similar $272.60 c/f $293.90.
Although the total outlays are similar ($2049 c/f $2228) I think the psychology of have a largest bet of $38 c/f $196 would be a lot more easy on the heart!
It is very important to have a Staking plan which is not out of your comfort zone so you can handle the losing runs without placing you in a stressful position.
Winning with adrenalin flowing but not blood pressure hitting the danger zone!
TTA
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Hi TTA,
I know you've mentioned this before but how does this retirement staking plan/divisor thing work? I've looked it up on the net and tried to figure it out on here as well but I just can't get my head around it. Can anyone shed some light on this?
Also, the average win dividend of $2.98, is that the average divvie of all first favs for all time or just in your test period?
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”
― Earl Nightingale
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