@ 2008-02-29 – 19:11:59
3 losers today and 1 winner at 3.5 so not a major disaster.
Our final total for February was
Layed 38 horses
34 were winning lays and 4 we lost money on which gave us a 89% strike rate leaving us with a net profit of 13.50 points for the month.
There will be no selections at weekends so until Monday.
All the Best
Karen
getagrip68
Karen264
No not really, I use a percentage of the bank staking plan (only use level stakes as an example ) which I must admit is rather conservative and I do not lay anything over 11.0. At the moment I'm looking at being a bit more aggresive in the staking department, at the moment up to odds of 3.5 1% of bank, 3.55 to 7.2 0.6% of bank and 7.4 to 11.0 0.4% of bank, the problem is very few selections are under 3.5 most fall in at arond 4.5 to 7.8 so I'm looking for something to take advantage of this.
I also have confidence in the method I use (famous last words) for selections which helps and being able to watch live betting, something I can't always do, also helps.
Overall I feel confident with it at the moment.
Thank you for your interest.
Regards
Karen
getagrip68
Always pays to be on the conservative side with staking.
I also use a percentage of the bank type staking but I don't cut stakes after a losing, it seems crazy to me to have less on a winner after backing a loser. To operate like this though the bank has to be strong enough to withstand the losers and still allow the full stakes when a winner comes along.
Best of luck.
Ken
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Nice one Karen, I notice you lay some at fairly long prices, does it not worry you too much when one you've layed goes in at 10.0 and wipes out a stack of profit? I know you probably make money opposing the longer ones but from a psychological point of view I find laying at long odds tough. When I do play (and its usually dogs rather than horses for me) I try to oppose 'em at 4.0 or less, when the odd one goes in I can cope with it mentally and it doesn't kill my bank. I guess staking levels play their part too but it'd be interesting to know what you think.
Cheers