presto
22nd June 2005, 17:12
ok - probably should be in the 'staking' area of the forum, but i thaught i would put it here for non-members views aswell.
i have been contemplating a compound interest plan for a while, but i always seem to dismiss it as a 'loss chaser' style of system. but it always seem's to stick in the back of my mind as having great possibilities.
so i put my idea of a plan into the form of an XL spreadsheet (warning, still incomplete). but my thaught's included:
>1% per bet. not day - as per day may force me to place bet's i didn't have full confidence in, and chase losses to meet my daily target.
> lower risk as i go, although this will slow down the building of the bank it will add extra security.
> no odd's on bet's - this may be flexible if i see a nice 1.80 bet. but i dont want to rely heavily on odd's on as a short priced loser will place a lot of strain on the next bet.
> high S/R - my judgment on bet's is mainly restricted to non horse racing, sport's bet's (footy mainly) so due to the lower odd's (around 2.2-2.4) i would like a high SR - i reckon a losing run of around 8 or 9, could not be dismissed, so this would have to be a consideration.
i have attached my basic plan, which incorparates reductions.
(note: it allows the change of starting bank £. but cell H32 will have to be altered when it comes to imput bet's).
i will add a few bet's now to see how the plan works out. (however i think the 1% aim per bet should be reduced to around 0.5% per bet).
i have been contemplating a compound interest plan for a while, but i always seem to dismiss it as a 'loss chaser' style of system. but it always seem's to stick in the back of my mind as having great possibilities.
so i put my idea of a plan into the form of an XL spreadsheet (warning, still incomplete). but my thaught's included:
>1% per bet. not day - as per day may force me to place bet's i didn't have full confidence in, and chase losses to meet my daily target.
> lower risk as i go, although this will slow down the building of the bank it will add extra security.
> no odd's on bet's - this may be flexible if i see a nice 1.80 bet. but i dont want to rely heavily on odd's on as a short priced loser will place a lot of strain on the next bet.
> high S/R - my judgment on bet's is mainly restricted to non horse racing, sport's bet's (footy mainly) so due to the lower odd's (around 2.2-2.4) i would like a high SR - i reckon a losing run of around 8 or 9, could not be dismissed, so this would have to be a consideration.
i have attached my basic plan, which incorparates reductions.
(note: it allows the change of starting bank £. but cell H32 will have to be altered when it comes to imput bet's).
i will add a few bet's now to see how the plan works out. (however i think the 1% aim per bet should be reduced to around 0.5% per bet).