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Tuesday, March 20, 2007

New Staking Method

So far I have been staking more or less £2 per bet, unless stated otherwise. Decided to try for a while making the stake dependent upon the odds. Seems daft of me to stake £2 on a 13.00 shot and the same on a 2.04 shot. While I believe value is value and that in the long run you should get back the same no matter what odds you take, I realise that it can be tough psychologically if the bank is not going in the right direction, and that even if you spot 10 good bets @ odds of 10.00, you could still be 10 losers down after 10 bets if you are unlucky.

So basically now, each bet will be staked to give a profit of £3.

For example:
Odds, Stake
2.00, £3
1.56, £5.36
2.40, £2.14
7.00, £0.50
2.30 (lay), £3.90

Of course the theory is that the shorter odds bets should win more often than the long odds bets, and the bank should keep ticking along in the right direction.

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