Tag Archives: stop

Recovery staking a TABOO subject?

Today we have our regular Wednesday wisdom from Malcolm Pett, we also have selections for both the Headgear and Tongue Tie systems. Here's Malcolm…

Recovery staking for me has always been a taboo subject.

I have tried it in the past and lost a lot of money doing so.

When you mention recovery staking most people think about putting all your losses on the next bet and that’s the one to be AVOIDED at all costs.

Obviously a conversation about any form of staking needs a disclaimer…

Don’t do it unless you are fully aware of the cost!!!

Also there isn’t a staking system ever thought up that will allow you to make money from a system that doesn’t consistently make profit.

But I use one I actually call “Help recovery”.

It doesn’t usually recover all your losses but it seems to help.

I call it “1234..etc” staking and it works simply by…

“Increasing your stake by your ORGINAL stake every time you lose”

There are a few of things to clarify here…

It’s not doubling your stake (although bet 2 makes it look that way).

It won’t work with systems that don’t have a high strike rate.

The further you go into the sequence the less likely you are to recover your losses.

You need a stop loss setting.

Here is how it works.

1 is your original stake.

If you lose you go to 2 which is your original stake multiplied by 2.

If you lose again you go to 3 which is your original stake multiplied by 3.

And so on.

If you lose on 7 then you would have lost 28 points of your bank.

And you will need a 4/1 winner just to break even.

Which will be unlikely when used with a high strike system that this idea works best with.

So why use a staking system that won’t recover your losses?

With high strike systems you tend to get a mixture of very low prices and odds on prices.

You don’t tend to have long losing runs and so when this system does kick in it can often be for only 1 or 2 selections and the odd higher priced winner just seems to help boost up the profits.

I find with some systems this can be an extra 10 or more points a month.

A couple of tests we have been doing over at the Grey Horse Bot website have results sheets showing how this works.

Click here for an example.


Again please be warned that staking isn’t for everyone and you need to be aware of the risks.

I tend to use 7 as my maximum with this system and realise that if I hit that…

…then it is a month’s (or more) profit down the drain.

Also when using staking select a stake lower than you normal would.

1% or less of your bank.

Thanks
Malcolm

http://greyhorsebot.com

System Selections

With both of these systems I'm still paper trading, but I wanted to post the selections so you can follow along with the live test.

Tongue Tie System

14:55 Chepstow – Nervous Nineties – 150/1 Coral

First Time Headgear

14:35:00 Down Royal – Reality Dose – 16/1 Bet Victor

Today's Selection

14:20:00 Chepstow Champagne Express – win bet – 3/1 Bet 365

Favourite Average Price Rise

Today we have our regular weekly column from Malcolm Pett of GreyHorseBot.com
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In the last couple or articles we have been looking at the results from an interactive test we have been doing over at the Grey Horse Bot website.

Part of this test is also to discover if it is better to be on all the selections or to stop at the first winner of the day.

I picked 220 or above as my rating figure (see later why this may still be to low).

It hasn’t been the best of weeks for this number and it was only because of a 6.3 winner a couple of days ago that we are still showing any profit for this month.

This is a bit of a shame as it was a lot more positive last week…

…But that’s racing for you.

I am a statistical type of person so I don’t like to blame the weather.

And I do know this…

Favourites average prices tend to drop slightly in the winter.

I am not sure why but it could be that there are less races so they are more heavily backed than they normally would be.

But a quick check on the averages over the last couple of years shows that from the height in the summer of 3.5 (sometimes higher) in the winter this can drop to around 3.1.

And although the strike rate of this particular system has dropped off slightly…

…The amount of favourites winning is slightly better than the norm this month.

Which again, strangely, seems to happen around the winter months.

But back to the system test…

I am still not convinced that SAW is the best way to go but it is going to take more testing to actually make that decision.

If you crank the ratings figure up to 240 then things look a little better for all selections and it may be my choice of 220 was still a little low.

This will probably be my last report about this test for a few weeks.

Unless something amazing happens!

You can see the results from this test and get the daily selections here.

Thanks
Malcolm
The Grey Horse Bot

GreyHorseBot.com

Today's Selection

2:00 Lingfield Ershaad – win bet 5/6 Bet Victor

Stop at a Winner Systems

Today Malcolm from http://greyhorsebot.com is back with details of a test he is running on a stop at a winner system…

Stop at a winner.

Have you ever tried a stop at a winner system?

You know where you have a number of selections for the day but stop as soon as you get the first win?

The people against SAW argue…

…”If the selections you are using are profitable then why stop?”

Although I agree some of my experiments are showing that they can actually be just as profitable or more so over time.

It can also mean you don’t have to put up with so many losers.

There is no doubt that SAW won’t work for every system and they are more suited to high strike rate systems where you have a 40% or above strike rate.

This normally means you are on quite fancied and sometimes low priced runners.

Looking through the race cards and looking at just the 1st and 2nd favourites is a good place to start and can easily give you 3 or more selections to use each day if you carefully consider which ones to use.

The other thing you need to consider is stop loss.

I have found that on days where things are not going to plan it’s pointless to just keep going.

In fact it is better to get yourself out after 3 or 4 losses than it is to keep hoping for a win and then having to make up a lot of lost points.

Also by limiting your maximum loss does allow you to consider different staking options.

If you are interested I have set up and experiment over at the Grey Horse Bot web site.

The selections are chosen using 3 criteria.

– They must be highest ranked by price early in the morning (around 6am)
– Their in-house rating should be 100 or more (you can choose this figure)
– Their price must be the same or lower when we get the mid morning prices (11am to 11.30am)

I am calling it an “interactive” test because you can experiment with the rating number.

You can see the results using all the selections and SAW.

You can even get the daily selections so that you can follow along and see how it actually works.

Click Here to have a look


Thanks
Malcolm
Grey Horse Bot.

Today's Selection

3.20 Southwell Red Stripes – win bet – 7/4 Paddy Power, Bet 365

Racing Post Alternative

The boss has just set us all up with access to the Geegeez racecards and so today I'm having a play with them.

As well as all the data and comments that you find on the Racing Post site there are also a host of other features that help to make sense of a race.

Including what the Geegeez guys call Instant Expert.

Instant Expert gives a colour coded indicator of which horses are suited to today's conditions and help you to instantly see who the likely contenders in a race are.

So today, my first stop was The Shortlist which is another Geegeez feature that lists the horses with a mostly green profile in the Instant Expert.

The second horse listed on the shortlist was Albonny in the 6.55 at Kempton, I skipped the first because it was an odds on favourite (Clondaw Court).

So The Shortlist told me that Albonny had a mostly green profile so I then skipped off to look at the 6.55 for a closer look.

And what I've found is a horse that prefers the All Weather to turf and has won 3 of his 5 starts at Kempton.

Here's the Instant Expert for this race…

Geegeez Instant Expert

Click to Enlarge

The other useful feature is that when you look at the full form for a horse, you can filter it for certain types of races. So I can check a box and then only see the All Weather runs.

Here are those All Weather runs, the last three were all wins…

Geegeez Form

 

Anyway I'm going to have a small bet on Albonny and then I'm off to play again with the Geegeez Racecards.

You can check them out here http://www.geegeez.co.uk/race-cards

Today's Selection

Kempton 6.55 Albonny – 11/2 Bet 365

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