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  • #1 by racepro on 05 Apr 2013
  • hi,
    I would like to propose a staking plan for your consideration.
    it is simply based on the current bet amount being 10% higher
    than previous bet amount.
    The rules are simple:
    1) Bet along a scale adding 10% to previous bet until you show an overall
    profit then return to base bet.
    2) Every time you have a winner on the scale move down the scale equal to the whole odds of the winner. eg: if a winner at 3.40 (true odds 2.4) go back 2 bets. round the odds up or down.
    here is what the scale look like.
    £2,2.2,2.4,2.7,2.9,3.2,3.5,3.9,4.3,4.7,5.2,5.7,6.3,6.9,7.6,8.4,9.2,10.1 etc
    In the above example of a winner at 3.40 let us say you had your bet on at
    bet number 6 =2.7 then retreat down scale by 2 so next bet would be 2.2.
    This staking plan is a lot more sensible than doubling up or similar however it needs
    to be emphasized that like many of these ideas it needs to be used with caution and
    not bet blindly on favourites. After all a staking plan is only half of the deal, you still need to do your homework and pick sound bets.
    The other thought I had was it could also be used for staking according to prices.
    eg:  £2 @ 10.0, £2.2 @9.00, £2.4 @8.00 ..... down to £10 @ 2.00. I'm not sure if
    any of this can be coded into the MFP program.
    Anyway all food for thought and would appreciate any comments or other ideas
    anyone has.
    Thanks



     
       
  • #2 by MarkV on 05 Apr 2013
  • Hi
    This is similar to Fibonacci, but a bit slower.
    Fibonacci is a built in function of MFP
    fibonacci(step, increment, start)
  • #3 by racepro on 05 Apr 2013
  • hi,
    the general belief shared by the 'experts' that level stakes
    is the acid test of any form of gambling. A hard lesson which
    took me many years (decades) to accept. That was pre Betfair
    and sports betting and my thoughts have slightly mellowed in
    that it could be possible to turn a profit using a steady increase
    in bets. Fibonacci seems a little risky in my view in that it
    increases rather rapidly. I feel somewhere between level stakes
    and fibonacci may be best. But then that is just my opinion.
    I guess the bottom line is a person's ability to handle emotion
    relative to the level of risk being taken.
    R
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