Racehorse TALK

Not much is written about lay staking plans.  As I am having some success with my lays I would be interested in peoples thoughts on the best / safest method of staking to use.  I found the following staking methods online and have reproduced them here for advice.

Firstly I am laying in the $1 to $5 range.  I suspect different staking plans work better at difference price ranges.  I would appreciate if anyone could help me with their thoughts on this price range.


Level Staking
Method
    * Choose a bank size.
    * Choose the size of each stake you will make. A safe stake is 1/20th of your initial bank.
    * Lay each horse shown on the selections page at this stake.
    * At the end of each day/week/month dissolve the bank, and set it up again with a new size of stake.

Comments

    * Safe method of betting.
    * Good balance between profits and safety
    * This staking plan is the one shown on our results page.


Liability Staking Plan

Method

    * Set up bank as for level staking.
    * Your stake is the maximum liability you will accept; the price you will pay if the horse loses.
    * Example, if you will accepts £50 liability and the horse is at 4/1, you would bet £12.50 on that horse.
    * If the horse was at evens you would bet £50.

Comments

    * Very Safe method of betting.
    * Poor profits compared to level staking.

Percentage Staking plan

Method

    * Choose a bank size.
    * Choose the size that each bet will be. 1/10th or 1/20th would be about right.
    * Lay each horse shown on the selections page at this percentage.
    * After each horse calculate what the new percentage of your bank is and lay the horse at your new stake.

Comments

    * Fans say it's the safest method of betting as it is impossible to go bankrupt.
    * Essentially level staking with recalculating after every horse.

Stop after a winner

Method

    * Adds on to any other staking plan.
    * After any horse has made you a profit, stop for that day.

Comments

    * Almost guaranteed daily profit.
    * Not recommended: all our horses are picked the same way so the next horse today has no less chance of profiting than the first horse tomorrow.
    * Lower profits as you don't make full use of all our selections.


Square Root Staking Plan

Method

    * Choose a bank size.
    * Choose the size of each stake you will make. A safe stake is 1/20th of your initial bank.
    * Lay each horse shown on the selections page at this stake.
    * At the end of each horse/day calculate how much profit your bank has made since you started it.
    * Take the square root of this profit and add it to your next stakes.
    * Example: You are laying £20 per lay. At the end of the first day you are £144 in profit.
    * Square root £144 = £12. £20+£12 = £32.
    * Tomorrow your stakes are £32.

Comments

    * Safe method of betting.
    * Provides the possibility of exponential growth profits, higher profit than level staking.
    * If for any reason you have a bad run, it at worst reduces to level staking and protects your bank.