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
