Staking ideas please

[lewhcolb]

I regularly back two horses in a race. Soometimes I use dutching. This method is ok when you have a few winning bets but if you hit a run of losers then any profits can be swallowed up quickly. I would welcome suggestions on how I might increase my stakes still with two horses in a race until getting a winner and wholly or partially recoup my losses. Let's assume I start with a bank of 100 points.

Thanks

[princecap]

Depends on how you dutch them.

If you are really confident with a horse, you could give it 100% profit, and on the other horse; bet such that you get all your stake back.

Otherwise, you could divide it proportionately, lets say 60% and 40% for example, so you get some profit either way.

Its obviously difficult to face losses, but perhaps you could use the stake as a % of your bank, and keep reducing it for every lost bet?

For example, you start with 100 points. Bet 10% for each race. After the first bet, you have 105 points.

Now bet 10.5 points. Lets say you win this and in your bank, you now have 108 points.

Bet 10.8. Lets say you LOSE this. In your bank you now have 97.2 points.

Now bet 10% of this (9.7 points).

Does this make sense?

Feel free to ask any more questions!
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[turfline]

No1 ingredient is your betting tank without that is like having a Car with out an Engine, then you have to fine tune it, your bets have got to run in harmony just like your engine does when ticking over.
Say your starting tank was £10,000 you divide it by 100th for each bet, you keep doing that weather you are losing or winning, your winnings go back into the tank always.
You must keep a record of all your tansactions.
This is only a part of how to punt, but a Tank is all very well and good, you must have a good ratio of winning selections, thats were the real skill comes in.
I do my own handicaping and use various software packages that decide were punts are made.
From the 1st of May i have had 7 bets in one day and on one day i only had 1bet all my bets have been were the selection is 3lbs clear on my handicap Ladder - up to 24/05/08 results have been 87 Lost...82 won.
I will not post if i am winning or losing because i have not posted them on the Blog though there are a few i have posted.
This is how punting is, spreadsheets, software, internet and as much info as you can gain on your chosen subject.

[qhstatistics]

If you selection criteria is good then you could use 5% of your bank to level stakes and increasing / decreasing depending on the size of your bank.

If you think a good staking plan can fix a bad selection criteria then i would bin the idea straighht away
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[turfline]

Hi qhstatistics, i am happy if i cover the costs of my outlay for all the tools i need to find winners and a small profit of £150 a week and it does that nicely, my Tank looks after its self, i have a vast number of accounts, phone and internet and all are very discreet, what i mean by that is that i shuffle bets around, it still amazes me that punters do not realize how important it is to running your tank is as important as your selections, i mean a plumber has all his tools and will charge for his services and have his tax returns and run his buisness to make a profit and keep records, but get the same person to do that with his punting and 99times out of a 100 there will be no comparison of discipline.

[sjpafc1]

having looked at dutching it looks a good idea but can you use ie 2 bets at the same bookie ie Betfair

[Roger Green]

Superb posting Turfline and sound advice!..In my experience, managing your accounts and " outlets" are as important as finding the right horse to back!..Bookies are very,very quick to close winning accounts, and they pass the info on to their competitors!...I blame these computers...in the good old days when the bookies had to find a phone box, they never caught up with you

[mineman]

If you are dutching its down to the amount of horses in the race, the ideal races are the small fields.

you must remember the more horses in the field your chances are less.

There is a method where you back your 2 horses untill they lose, when they lose you stake only to get your money back, no profits, you only profit on your winning sequence.

the plan
WWWLSLSWWWWWLSWWWW

As you can see 12 wins 3 losses and three stake back missions, if you back the first two in the betting in small fields, you should get 70% winners.

[turfline]

When i was punting over the Royal Ascot week one of our racing freinds said to me i have noticed that when you are punting that you seem to have no fear, what ever the price you go in and back it and if it gets bigger you put more onto it, so i thought for a while and said to him that you have only seen a very small part of how i punt, the point i am making is that what people see as money and bets are taking place between the bookmaker and myself they rarely see the behind the scene's of the hard graft and discipline and paper work that goes on and the midnight oil that you burn, explaining this to him in a very detailed way he said he could not be that dedicated to log things down and keep records and he prefered to enjoy his racing , so i countered that not only do i enjoy my racing but i enjoy the fruits it bears, his reply was, yes but i bet for fun, now you might find these sort of conversations at any course or meeting but he works in the city and his job, a Merchant Banker, well it takes all sorts does it not.
Its just a story i had to tell.